Intercontinental Exchange, Inc. (NYSE: ICE), which owns and operates financial and commodity marketplaces and exchanges, announced results for the second quarter of 2023.
- Second-quarter consolidated net revenue was $1.9 billion, including exchange net revenues of $1.1 billion
- Fixed income & data services revenues were $546 million in Q2, while mortgage technology revenue came in at $249 million
- Consolidated operating expenses and adjusted operating expenses were $933 million and $756 million, respectively
- Total operating income was $955 million in the second quarter, and operating margin came in at 51%
- Operating cash flow during the June quarter was $1.8 billion; adjusted free cash totaled $1.7 billion
- Intercontinental Exchange paid $472 million in dividends during the three-month period
- For the full-year 2023, the management expects recurring revenue to grow in the low-single digits
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
After a weak start to FY25, Conagra Brands (CAG) reaffirms full-year guidance
Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer-packaged goods, reported weaker-than-expected first-quarter results this week, with customers becoming increasingly budget-conscious amid elevated inflation. However, the company said it
Against a weak demand backdrop, what are Lamb Weston’s (LW) plans for the near term?
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) stayed green on Thursday. The stock has dropped 18% over the past three months. The company saw a decline in its revenue
STZ Earnings: All you need to know about Constellation Brands’ Q2 2025 earnings results
Constellation Brands, Inc. (NYSE: STZ) reported its second quarter 2025 earnings results today. Net sales grew 3% year-over-year to $2.91 billion. Comparable sales growth was also 3%. Net loss attributable