ICE Q2 Revenue Beats Estimates, Board Boosts Buyback to $4B
ICE sits 26% above its 52-week low of $121.79.
Summary
Intercontinental Exchange (ICE) reported Q2 revenue of $2.7B, beating the $2.63B consensus, with adjusted EPS of $1.90 versus $1.84 estimates, driven by growth across all segments and record open interest. The board increased the share repurchase authorization to $4.0B effective July 1. ICE also announced the acquisition of MarketAxess in a deal valued at approximately $6B, expanding its fixed-income capabilities. Management guided for high-single-digit exchange recurring revenue growth and 7-8% growth in fixed income and data services for 2026, with capex of about $850M.
At the time of this announcement, ICE was trading at $154.05 on NYSE in the Finance sector, with a market capitalization of approximately $87.2B. The 52-week trading range was $121.79 to $189.35. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.