ICE shares closed down 0.9% following first quarter 2026 results, as the print and outlook were largely in line with investor expectations across key metrics and segments.
- Adjusted EPS reached $2.35, up 37% year-over-year; net revenues rose 18% to $3 billion, with record results across all operating segments.
- Exchange segment saw net revenues of $1.8 billion, up 27%; notable drivers included 70% growth in interest rate products and 47% growth in global oil.
- Fixed Income and Data Services delivered $657 million in revenue, up 9%, with CDS Clearing up 18% and recurring revenues advancing 8%.
- Mortgage Technology revenue grew 6% year-over-year to $539 million, marking its highest performance since Q4 2022 on a pro forma basis.
- Adjusted operating expenses were $1.035 billion, aligning with guidance; management expects a similar run-rate in Q2.
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