Categories Earnings, Finance

Earnings Summary: A snapshot of Intercontinental Exchange’s Q2 results

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

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