Earnings Releases·Oct 29, 2026, 7:30 AM ET

Intercontinental Exchange — Third Quarter 2026 Earnings Summary

Consolidated net revenues rose 15% year-over-year to $2.8 billion, while GAAP and adjusted diluted EPS increased 18% to $1.67 and $2.02, respectively, driven by 22% growth in the Exchanges segment and 23% growth in transaction revenues.
Updated 2026 guidance projects 9% growth for Exchange Recurring Revenue and 8% growth for Fixed Income & Data Services Recurring Revenue, with Q4 operating expenses guided between $1.317 billion and $1.327 billion (GAAP).
The MarketAxess merger is expected to close in Q1 2027 following HSR Act approval, accelerating the previously announced first-half 2027 timeline, while management plans to continue capital returns alongside a deleveraging strategy.
Year-to-date capital returns reached a record $2.5 billion, comprising $1.6 billion in share repurchases and $884 million in dividends, supported by $4.5 billion in operating cash flow through the first nine months of 2026.