Intercontinental Exchange Q3 revenue up 15%, beats estimates

Intercontinental Exchange

29/10/2026 11:39

Overview
Financial technology provider's Q3 revenue rose 15% yr/yr, beating analyst expectations
Adjusted EPS for Q3 rose 18% yr/yr, beating analyst expectations
Company returned $2.5 bln to shareholders year-to-date, including $1.6 bln in buybacks

Outlook
ICE expects 2026 exchange recurring revenue growth of 9%
Company forecasts 2026 fixed income and data services recurring revenue growth of 8%
ICE projects 4Q26 non-GAAP operating expenses of $1.082-$1.092 bln

Result Drivers
SEGMENT GROWTH - Co said revenue growth was driven by increases across exchanges, fixed income and data services, and mortgage technology segments
TRANSACTION REVENUES - Co attributed strong revenue growth to a 23% rise in transaction revenues yr/yr

Company press release: ID:nBw6mFqvsa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.8 bln
$2.75 bln (11 Analysts)
Q3 Adjusted EPS
Beat
$2.02
$1.97 (13 Analysts)
Q3 EPS
 
$1.67
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the financial & commodity market operators & service providers peer group is "buy"
Wall Street's median 12-month price target for Intercontinental Exchange, Inc. is $183.00, about 17.3% above its October 28 closing price of $155.96
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Oct 29 - Tradeweb Q3 revenue slightly beats on robust wholesale activity
Oct 29 - Ares Management Q3 revenue beats estimates on increased investment activity 
Oct 27 - S&P Global tops Q3 revenue estimates, raises FY growth outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)