Sign in

    Bill Keay • RBC Capital Markets

    Bill Keay's questions to Intercontinental Exchange Inc (ICE) leadership

    Bill Keay's questions to Intercontinental Exchange Inc (ICE) leadership • Q2 2025

    Question

    Bill Keay, on behalf of Ashish Sabadra from RBC Capital Markets, asked about the key drivers behind the margin expansion observed in the Mortgage Technology segment.

    Answer

    CFO Warren Gardiner attributed the margin improvement to two main factors: the realization of cost synergies from the Black Knight integration and a planned reallocation of certain operations and technology expenses to the corporate level as part of the integration. He encouraged looking at the overall company margin, which also expanded.

    Ask Fintool Equity Research AI

    Bill Keay's questions to Intercontinental Exchange Inc (ICE) leadership • Q2 2025

    Question

    Bill Keay, on behalf of Ashish Sabadra at RBC Capital Markets, asked about the key drivers behind the margin expansion observed in the Mortgage Technology segment during the quarter.

    Answer

    CFO Warren Gardiner explained the margin expansion was driven by two main factors: a planned reallocation of certain operational and technology expenses to the corporate level as part of the integration, and the increasing realization of cost synergies from the Black Knight acquisition. He encouraged analysts to also focus on the two-point margin expansion for the overall company.

    Ask Fintool Equity Research AI