Intercontinental Exchange (ICE) official guidance
Intercontinental Exchange (ICE) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteICEIntercontinental Exchange, Inc.FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 1d
2026-10-29 14:41:55 UTC$1.1Bmaintained181.5% vs FY2025
We now expect full-year CapEx of approximately $1,050,000,000, with the increase relative to July guidance driven largely by our expected fourth quarter purchase of a new campus here in Atlanta, and to a lesser extent, some additional data center and other real estate spend.
ICE · transcript · Q3 FY2026
2026-10-29 14:41:00 UTCOpen source
2026-10-29 11:31:22 UTC$1.1Braised +23.5%181.5% vs FY2025
| **2026 Capital Expenditures** | ~$1.050 billion | |
ICE · EX-99.1 · Q3 FY2026
2026-10-29 11:30:27 UTCOpen source
2026-07-31 04:00:58 UTC$850Mmaintained127.9% vs FY2025
Given our strong free cash flow generation, we've elected to pull forward some of our originally planned 2027 CapEx into 2026, and we now anticipate full-year CapEx of approximately $850 million.
ICE · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
2026-07-30 11:31:29 UTC$850Mraised +11.1%127.9% vs FY2025
| **2026 Capital Expenditures** | ~$850 million | |
ICE · EX-99.1 · Q2 FY2026
2026-07-30 11:30:31 UTCOpen source
2026-02-06 05:01:04 UTC$740M – $790Mnew98.4% – 111.8% vs FY2025
Regarding capital expenditures, we expect 2026 investments to be between $740 million and $790 million.
ICE · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
ICEIntercontinental Exchange, Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 newearnings call · 1d
2026-10-29 14:41:55 UTCtowards the high end of our 24%-26% rangenew
We expect fourth quarter adjusted non-operating expense to be between $175 million and $185 million, and the adjusted tax rate to be towards the high end of our 24%-26% range.
ICE · transcript · Q3 FY2026
2026-10-29 14:41:00 UTCOpen source
ICEIntercontinental Exchange, Inc.FY2026
1 metric1 newearnings call · 1d
2026-10-29 14:41:55 UTC$270Mnew
We now expect to exit 2026 with approximately $270 million of annualized expense synergies.
ICE · transcript · Q3 FY2026
2026-10-29 14:41:00 UTCOpen source
ICEIntercontinental Exchange, Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 1d
2026-10-29 14:41:55 UTC$175M – $185Mmaintained
We expect fourth quarter adjusted non-operating expense to be between $175 million and $185 million, and the adjusted tax rate to be towards the high end of our 24%-26% range.
ICE · transcript · Q3 FY2026
2026-10-29 14:41:00 UTCOpen source
2026-10-29 11:31:22 UTC$175M – $185Mnew
| **4Q26 Non-Operating Expense** | $170 - $180 million | $175 - $185 million(2) |
ICE · EX-99.1 · Q3 FY2026
2026-10-29 11:30:27 UTCOpen source
ICEIntercontinental Exchange, Inc.FY2026 · ends 2026-12-31
1 metricearnings call · 1d
2026-10-29 14:41:55 UTCat the top end of the range we provided in July
For the fourth quarter, we expect adjusted operating expenses to be in the range of $1,082,000,000 to $1,092,000,000, which at the midpoint places full-year expenses at the top end of the range we provided in July.
ICE · transcript · Q3 FY2026
2026-10-29 14:41:00 UTCOpen source
2026-07-31 04:00:58 UTC$4.2B – $4.2Bmaintained
Our full-year adjusted operating expenses are now expected to be between $4.190 billion and $4.230 billion, with the increase driven by further crystallization of performance-related compensation, our accelerated data center program, and a product development investment.
ICE · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
2026-07-30 11:31:29 UTC$4.2B – $4.2Braised +1.0%
| **2026 Operating Expenses** | $5.140 - $5.180 billion | $4.190 - $4.230 billion(1) |
ICE · EX-99.1 · Q2 FY2026
2026-07-30 11:30:31 UTCOpen source
2026-04-30 11:31:07 UTC$4.1B – $4.2Braised +1.5%
Adjusted operating expenses(1) are expected to be in a range of $4.145 billion to $4.195 billion.
ICE · EX-99.1 · Q1 FY2026
2026-04-30 11:30:33 UTCOpen source
2026-02-06 05:01:04 UTC$4.1B – $4.1Bmaintained
We expect 2026 adjusted operating expenses to grow between 4% and 5%, or between $4.075 billion and $4.14 billion.
ICE · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-02-05 12:31:26 UTC$4.1B – $4.1Bnew
| **2026 Operating Expenses** | $5.010 - $5.075 billion | $4.075 - $4.140 billion(1) |
ICE · EX-99.1 · Q4 FY2025
2026-02-05 12:30:32 UTCOpen source
ICEIntercontinental Exchange, Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 1d
2026-10-29 14:41:55 UTC$1.1B – $1.1Bmaintained
For the fourth quarter, we expect adjusted operating expenses to be in the range of $1,082,000,000 to $1,092,000,000, which at the midpoint places full-year expenses at the top end of the range we provided in July.
ICE · transcript · Q3 FY2026
2026-10-29 14:41:00 UTCOpen source
2026-10-29 11:31:22 UTC$1.1B – $1.1Bnew
| **4Q26 Operating Expenses** | $1.317 - $1.327 billion | $1.082 - $1.092 billion(1) |
ICE · EX-99.1 · Q3 FY2026
2026-10-29 11:30:27 UTCOpen source
ICEIntercontinental Exchange, Inc.FY2026 · ends 2026-12-31
2 metrics2 raisedearnings call · 1d
2026-10-29 14:41:55 UTC9%raised +12.5%
Given the strong exchange recurring revenue through the first nine months, we now expect full-year exchange recurring revenue growth of approximately 9%, the upper end of the high single-digit range we discussed in July.
ICE · transcript · Q3 FY2026
2026-10-29 14:41:00 UTCOpen source
2026-07-31 04:00:58 UTChigh single-digit rangemaintained7% – 9% vs FY2025
As a result of this broad-based strength, we now expect Exchange recurring revenues to grow in the high single-digit range for the full year of 2026.
ICE · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
2026-07-30 11:31:29 UTCHigh-single digitsraised +60.0%7% – 9% vs FY2025
| **2026 Exchange Recurring Revenue (% growth)** | High-single digits | |
ICE · EX-99.1 · Q2 FY2026
2026-07-30 11:30:31 UTCOpen source
2026-02-06 05:01:04 UTCgrow in the mid-single-digit rangenew4% – 6% vs FY2025
Looking to 2026, we expect exchange segment recurring revenues to grow in the mid-single-digit range, driven by continued growth in exchange data services and expansion in our listings franchise.
ICE · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-10-29 14:41:55 UTC8%raised +6.7%
As a result, we now expect full-year FIDS recurring revenue growth of approximately 8%, the top of our prior range.
ICE · transcript · Q3 FY2026
2026-10-29 14:41:00 UTCOpen source
2026-07-31 04:00:58 UTC7% – 8%maintained7% – 8% vs FY2025
As a result, we are raising our full-year FIDS recurring revenue growth guidance to 7%-8%, up from our prior mid-single-digit guidance.
ICE · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
2026-07-30 11:31:29 UTC7% – 8%raised +50.0%7% – 8% vs FY2025
| **2026 Fixed Income & Data Services Recurring Revenue (% growth)** | 7% - 8% | |
ICE · EX-99.1 · Q2 FY2026
2026-07-30 11:30:31 UTCOpen source
2026-05-01 04:00:48 UTCmid-single digit rangemaintained4% – 6% vs FY2025
Hey, Brian, it's Warren. On your question around the guidance, it was obviously a really good start to the year, that gives us a lot of incremental confidence in the targets that we set, which were towards the higher end of the mid-single digit range for the full year.
ICE · transcript · Q1 FY2026
2026-05-01 04:00:00 UTCOpen source
2026-02-06 05:01:04 UTCrecurring revenue growth in the mid-single-digit rangenew4% – 6% vs FY2025
For 2026, we anticipate fixed income and data services recurring revenue growth in the mid-single-digit range, with growth expected to trend towards the high end of that range, underpinned by another year of high single-digit growth in our data and network technology business.
ICE · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
ICEIntercontinental Exchange, Inc.Q4 FY2026 · ends 2026-12-31
5 metrics5 newearnings call · 1d
2026-10-29 14:41:55 UTC$100Mnew
On OTC and other revenues, we anticipate fourth quarter revenues to be around $100 million, driven in part by lower regulatory fees.
ICE · transcript · Q3 FY2026
2026-10-29 14:41:00 UTCOpen source
2026-10-29 14:41:55 UTCgrow modestly from the third quarternew
Looking to the fourth quarter, while we expect Mortgage Technology recurring revenues to grow modestly from the third quarter, in light of typical fourth quarter seasonality and with mortgage rates elevated, we expect transaction revenues to decline from both the third quarter and the prior year.
ICE · transcript · Q3 FY2026
2026-10-29 14:41:00 UTCOpen source
2026-10-29 11:31:22 UTC558M – 563Mnew-2.3% – -1.4% vs Q4 FY2025
| **4Q26 Weighted Average Shares Outstanding** | 558 - 563 million | |
ICE · EX-99.1 · Q3 FY2026
2026-10-29 11:30:27 UTCOpen source
2026-10-29 11:31:22 UTC$170M – $180Mnew
| **4Q26 Non-Operating Expense** | $170 - $180 million | $175 - $185 million(2) |
ICE · EX-99.1 · Q3 FY2026
2026-10-29 11:30:27 UTCOpen source
2026-10-29 11:31:22 UTC$1.3B – $1.3Bnew
| **4Q26 Operating Expenses** | $1.317 - $1.327 billion | $1.082 - $1.092 billion(1) |
ICE · EX-99.1 · Q3 FY2026
2026-10-29 11:30:27 UTCOpen source
ICEIntercontinental Exchange, Inc.FY2026 · ends 2026-12-31
2 metrics2 raisedearnings release · 1d
2026-10-29 11:31:22 UTC9%raised +80.0%9% vs FY2025
| **2026 Exchange Recurring Revenue (% growth)** | 9% | |
ICE · EX-99.1 · Q3 FY2026
2026-10-29 11:30:27 UTCOpen source
2026-02-05 12:31:26 UTCMid-single digitsnew4% – 6% vs FY2025
| **2026 Exchange Recurring Revenue (% growth)** | Mid-single digits | |
ICE · EX-99.1 · Q4 FY2025
2026-02-05 12:30:32 UTCOpen source
2026-10-29 11:31:22 UTC8%raised +60.0%8% vs FY2025
| **2026 Fixed Income & Data Services Recurring Revenue (% growth)** | 8% | |
ICE · EX-99.1 · Q3 FY2026
2026-10-29 11:30:27 UTCOpen source
2026-02-05 12:31:26 UTCMid-single digitsnew4% – 6% vs FY2025
| **2026 Fixed Income & Data Services Recurring Revenue (% growth)** | Mid-single digits | |
ICE · EX-99.1 · Q4 FY2025
2026-02-05 12:30:32 UTCOpen source
ICEIntercontinental Exchange, Inc.Q3 FY2026 · ends 2026-09-30
5 metrics4 new1 maintainedearnings call · 2026-07-31 04:00:58 UTC
2026-07-31 04:00:58 UTC$1.1B – $1.1Bmaintained
Looking forward to the third quarter, we expect adjusted operating expenses in the range of $1.063 billion-$1.073 billion.
ICE · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
2026-07-30 11:31:29 UTC$1.1B – $1.1Bnew
| **3Q26 Operating Expenses** | $1.298 - $1.308 billion | $1.063 - $1.073 billion(2) |
ICE · EX-99.1 · Q2 FY2026
2026-07-30 11:30:31 UTCOpen source
2026-07-31 04:00:58 UTCaround current levelsnew
Quarterly, we anticipate third quarter recurring revenues will remain around current levels as core growth and the new client ramp continues to build.
ICE · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
2026-07-30 11:31:29 UTC560M – 566Mnew-2.4% – -1.4% vs Q3 FY2025
| **3Q26 Weighted Average Shares Outstanding** | 560 - 566 million | |
ICE · EX-99.1 · Q2 FY2026
2026-07-30 11:30:31 UTCOpen source
2026-07-30 11:31:29 UTC$160M – $165Mnew
| **3Q26 Non-Operating Expense** | $160 - $165 million | $175 - $180 million(3) |
ICE · EX-99.1 · Q2 FY2026
2026-07-30 11:30:31 UTCOpen source
2026-07-30 11:31:29 UTC$175M – $180Mnew
| **3Q26 Non-Operating Expense** | $160 - $165 million | $175 - $180 million(3) |
ICE · EX-99.1 · Q2 FY2026
2026-07-30 11:30:31 UTCOpen source