ICE’s exchange segment reported third-quarter net revenue of $1.542 billion, up 22% from a year earlier. The 29 October results put group net revenue at $2.765 billion, up 15%, including $674 million from fixed income and data services and $549 million from mortgage technology.[1]
Within exchanges, energy net revenue rose 25% to $603 million and financials increased 37% to $190 million. Agriculture and metals rose 62% to $83 million. Exchange data and connectivity generated $292 million, up 10%, while listings contributed $130 million, up 4%.[1]
ICE identified $1.400 billion of net transaction revenue, up from $1.136 billion in the prior-year quarter, an increase of 23%. Recurring revenue was $1.365 billion against $1.275 billion a year earlier, a 7% rise. Each series uses the company’s classification and is net of relevant transaction-based expenses where indicated; these are not gross traded notional volumes.[1]
ICE Q3 2026 net-revenue bridge
| Disclosure | Q3 2026 amount | Reporting distinction |
|---|---|---|
| Exchanges | $1.542bn | Exchange operating segmentSource 1 |
| Fixed income and data services | $674m | Data and fixed-income servicesSource 1 |
| Mortgage technology | $549m | Technology unrelated to exchange order flowSource 1 |
| Consolidated | $2.765bn | Sum of the three reported segmentsSource 1 |
| Net transaction revenue | $1.400bn; +23% y/y | Revenue classification across business linesSource 1 |
| Recurring revenue | $1.365bn; +7% y/y | Contract and repeat-service classificationSource 1 |
ICE recorded GAAP operating income of $1.410 billion and a 51% operating margin; its adjusted operating margin was 61%. The adjusted figures exclude specified expenses, including acquisition-related intangible amortisation.[1]
GAAP diluted earnings per share were $1.67 and adjusted diluted EPS $2.02, both up 18% on their respective prior-year comparisons. ICE also said it now expected its pending MarketAxess acquisition to close in the first quarter of 2027, subject to remaining conditions and approvals.[1]
Sources & further reading
- Intercontinental Exchange Reports Third Quarter 2026 Intercontinental Exchange · 29 Oct 2026 · Accessed 30 Oct 2026