Earnings summaries and quarterly performance for Intercontinental Exchange.
Executive leadership at Intercontinental Exchange.
Board of directors at Intercontinental Exchange.
Caroline L. Silver
Detailed
Director
Duriya M. Farooqui
Detailed
Director
Judith A. Sprieser
Detailed
Director
Lord Hague of Richmond
Detailed
Director
Lord Hill of Oareford
Detailed
Director
Mark F. Mulhern
Detailed
Director
Martha A. Tirinnanzi
Detailed
Director
Shantella E. Cooper
Detailed
Director
Sharon Y. Bowen
Detailed
Director
Thomas E. Noonan
Detailed
Lead Independent Director
Research analysts who have asked questions during Intercontinental Exchange earnings calls.
Alexander Blostein
Goldman Sachs
7 questions for ICE
Also covers: AB, AMG, AMP +31 more
Kenneth Worthington
JPMorgan Chase & Co.
7 questions for ICE
Also covers: APO, ARES, BAM +27 more
Ashish Sabadra
RBC Capital Markets
4 questions for ICE
Also covers: ADP, CBOE, CLVT +20 more
Ben Budish
Barclays PLC
4 questions for ICE
Also covers: AB, APO, ARES +19 more
Christopher Allen
Citigroup
4 questions for ICE
Also covers: CBOE, CME, ETOR +9 more
Craig Siegenthaler
Bank of America
4 questions for ICE
Also covers: AB, AMP, AMTD +26 more
Dan Fannon
Jefferies & Company Inc.
4 questions for ICE
Also covers: AB, AMG, AMTD +22 more
Kyle Voigt
Keefe, Bruyette & Woods
4 questions for ICE
Also covers: AMTD, APO, ARES +17 more
Patrick Moley
Piper Sandler & Co.
4 questions for ICE
Also covers: BGC, CBOE, CME +17 more
Alex Kramm
UBS Group AG
3 questions for ICE
Also covers: BR, CBOE, CBRE +15 more
Benjamin Budish
Barclays PLC
3 questions for ICE
Also covers: AB, APO, ARES +23 more
Daniel Fannon
Jefferies Financial Group Inc.
3 questions for ICE
Also covers: AB, AMG, AMTD +27 more
Simon Clinch
Redburn Atlantic
3 questions for ICE
Also covers: CME, EFX, FICO +4 more
Bill Keay
RBC Capital Markets
2 questions for ICE
Brian Bedell
Deutsche Bank
2 questions for ICE
Also covers: AMG, AMTD, APO +22 more
Robin Holby
TD Cowen
1 question for ICE
Also covers: AB, FHI
Simon Alistair Clinch
Redburn Atlantic
1 question for ICE
Also covers: CME, EFX, FICO +3 more
Recent press releases and 8-K filings for ICE.
ICE integrates climate risk data into Investortools platform
ICE
Product Launch
- ICE Climate’s municipal-level risk data is now accessible on Investortools’ Perform system, streamlining fixed-income climate risk analysis.
- Users gain direct access to forward-looking physical climate risk scores and value-at-risk metrics for flood, hurricane, wildfire, and drought.
- The integration includes emissions and economic exposure data, providing a comprehensive view of climate-related risk.
- Builds on existing ICE–Investortools collaboration, which already integrates ICE Bonds data, Continuous Evaluated Pricing (CEP), and ICE BofA indices via the Investortools Dealer Network.
5 days ago
Intercontinental Exchange reports NYSE’s 2025 IPO leadership and market innovations
ICE
Delisting/Listing Issues
New Projects/Investments
- The NYSE led with seven of the 10 largest IPOs in 2025, capturing nearly 70% of large technology IPO proceeds, including Klarna, Figma, and Circle Internet Group.
- Recorded a peak of 1.1 trillion messages processed in a single day via Pillar technology, with average processing times of 30 microseconds.
- Welcomed 428 new ETFs totaling $64.62 billion in AUM, maintaining its role as the world’s largest ETF marketplace with over $10 trillion listed.
- Launched 25 digital asset ETFs, remained the top U.S. crypto ETF trading platform, and listed issuers like Bullish and Twenty One Capital.
- Introduced NYSE Texas in March, achieving 100+ dual listings with a combined market capitalization above $2 trillion.
5 days ago
ICE launches TTF Daily Options and reports record TTF and JKM trading volumes
ICE
Product Launch
- ICE launched TTF Daily Options on December 8, 2025, offering enhanced granularity for short-term gas hedging.
- Record trading through 2025 reached 103 million contracts in TTF futures and options, the first time annual volumes exceeded 100 million.
- TTF 1st Line Financial futures volumes surpassed 1 million YTD, with open interest peaking above 200,000 contracts on December 10, 2025.
- JKM LNG futures also traded over 1 million contracts YTD, hitting a November record of 147,650 trades and OI topping 224,000 contracts on December 11, 2025.
5 days ago
ICE outlines tokenization outlook and strategic investments at Goldman Sachs conference
ICE
New Projects/Investments
- ICE CEO Jeff Sprecher highlighted tokenization’s role in enabling 24/7/365 capital movement via digital money and stablecoins, noting legacy systems’ rigidity and regulator caution.
- ICE made a strategic investment in Polymarket to gain DeFi protocol expertise, facilitate tech knowledge transfer, and explore institutional distribution of real-time prediction-market data.
- The energy franchise saw continued structural growth, with open interest in European natural gas up 46% year-over-year, driven by global LNG trade and eastward risk management demand.
- ICE is expanding its data center capacity, building a second co-location facility to support high-frequency and AI-driven trading firms with low-latency access.
- Internally, ICE’s AI Center of Excellence has deployed copilots for code, customer support, and mortgage processing, helping to moderate expense growth across operations.
Dec 9, 2025, 6:40 PM
Intercontinental Exchange CEO discusses tokenization, investments, and growth at Goldman Sachs conference
ICE
New Projects/Investments
- Tokenization to enable 24/7/365 capital movement, driven by stablecoins and filling gaps in legacy systems’ operating hours.
- ICE’s strategic investment in Polymarket grants DeFi engineering expertise and access to real-time event-driven market data, with plans to distribute insights to over 5,000 institutional clients.
- The energy franchise remains a growth engine, led by global LNG trade and eastward market shifts—European natural gas open interest rose 46% year-over-year.
- ICE is expanding its data center capacity with a second facility, offering co-location and annual rack auctions to support HFT and emerging AI-driven trading needs.
Dec 9, 2025, 6:40 PM
ICE discusses tokenization and growth initiatives at Goldman Sachs Financial Services Conference
ICE
New Projects/Investments
- ICE sees tokenization as key to enabling 24/7/365 movement of capital, noting legacy payment systems’ limited hours and the rapid adoption of stablecoins globally.
- The $2 billion investment in Polymarket aims to acquire DeFi engineering expertise and develop a real-time “hot news” data feed for up to 5,000 institutional clients.
- The energy derivatives franchise remains a growth driver, with European natural gas open interest up 46% year-over-year, fueled by LNG globalization and eastward trade rebalancing.
- ICE is expanding its exchange data center footprint with a second New Jersey facility, offering co-location and low-latency, AI-driven trading capabilities.
- An internal AI Center of Excellence has deployed copilots for code writing and customer support, streamlining language-oriented tasks and moderating expense growth.
Dec 9, 2025, 6:40 PM
ICE reappointed to host UK emissions auctions through 2028
ICE
New Projects/Investments
- Reappointed by UK Department for Energy Security & Net Zero to host UK Allowance (UKA) auctions for the UK’s Emissions Trading Scheme through 2028, extending a role dating back to 2012.
- 2026 UKA auction calendar comprises 51.9 million allowances across 25 auctions, a 7.3% decrease from 2025.
- Plans to invest up to $2 billion in Polymarket, valued at ~$8 billion prior to the investment.
- Diversified revenue mix: 54% from exchanges, 22% from mortgage technology, 24% from fixed-income and data services; market cap $89.43 billion, operating margin 38.6%, net margin 25.24%, Altman Z-Score 0.89.
Dec 4, 2025, 3:01 PM
ICE outlines diversified growth strategy and AI focus at UBS conference
ICE
New Projects/Investments
- ICE has delivered consistent EPS growth since 2006 through its three diversified segments—energy, exchange, and fixed income & data—with high recurring revenues and a focus on technology integration.
- Energy trading benefits from secular trends—energy transition risk management, AI-driven data center power demand, and LNG liberalization—evidenced by futures open interest growth: +10% energy, +20% oil, +30% Brent, +40% TTF Y/Y.
- The exchange segment will implement selective, value-based price increases across commodities, rates, and data products, targeting areas where ICE has demonstrably added customer value.
- Fixed Income Data Services has exceeded revenue synergy targets via accelerated integration of acquisitions, cross-selling loan origination and servicing platforms, and leveraging AI to modernize systems and automate workflows.
- ICE’s minority investment in Polymarket explores non-intermediated settlement, user-driven event contract marketplaces, and development of sentiment data indicators for capital market use.
Dec 2, 2025, 7:55 PM
ICE presents growth outlook at UBS’s 2025 Technology and AI Conference
ICE
New Projects/Investments
- ICE emphasized its diversified business model driving consistent EPS growth since 2006 across three segments, weathering all market environments.
- In energy trading, ICE highlighted secular drivers—energy transition, AI-related data center power demand and LNG liberalization—with open interest up 10% in futures, oil futures +20%, Brent +30%, and TTF +40% YOY.
- In interest rate markets, ICE’s open interest grew 75% YOY in UK Sonia and 20% YOY in Euribor, reflecting heightened client hedging amid rate uncertainty.
- The fixed income & data services segment saw an inflection in growth driven by its data network technology business—rising from mid-single digits to double-digit growth in Q3—as clients upgrade data center capacity.
- ICE made a minority investment in Polymarket to explore non-intermediated settlement, rapid on-chain contract creation, and sentiment-based indicators for capital markets data.
Dec 2, 2025, 7:55 PM
ICE outlines capital allocation, leverage targets and strategic investments
ICE
New Projects/Investments
Share Buyback
- ICE CFO Warren Gardiner said the company is in its budget process, focusing on investing across its diversified $10 billion revenue stream and $6.5 billion EBITDA while maintaining a balanced capital allocation between growth initiatives, debt reduction and share buybacks.
- As of 3Q 2025, ICE ended the quarter at 2.9x gross debt/EBITDA (target 2.75–3.0x); the October Polymarket investment raises pro forma leverage to ~3.25x, prompting a continued mix of modest debt paydown and opportunistic buybacks.
- ICE’s energy franchise delivered high single- to low double-digit open interest growth, underpinned by expanding global benchmarks (Brent, TTF, Midland) and secular trends such as LNG trade—projected to double over the next two decades.
- The minority investment in Polymarket aims to integrate decentralized market infrastructure—such as stablecoin-based collateral—to improve ICE’s clearing efficiency and enable 24/7 collateral movements across its six global clearinghouses.
Nov 18, 2025, 4:40 PM
Quarterly earnings call transcripts for Intercontinental Exchange.
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