Intercontinental Exchange 1Q Net Up as Energy Trading Buoys Revenue

By Rob Curran

Intercontinental Exchange's first-quarter net income surged as staggering moves in oil and other commodity prices buoyed exchange revenue.

The owner of the New York Stock Exchange and other bourses and clearinghouses posted earnings of $1.41 billion, or $2.48 a share, up from $797 million, or $1.38 a share, a year earlier.

Excluding certain unusual items, ICE posted adjusted earnings of $2.35 a share, comfortably ahead of the average analyst target of $2.23 a share.

Revenue rose almost 14% to $3.67 billion.

Revenue, less certain transaction-based expenses, rose 20% to $2.98 billion, eclipsing the average Wall Street target of $2.88 billion. Net exchange revenue amounted to $1.78 billion. That included a 46% jump in energy exchange revenue to $814 million.

Fixed income and data services revenue amounted to $657 million. Mortgage technology revenue was $539 million.

For the second quarter, ICE projected operating expenses of $1.28 billion to $1.29 billion.

ICE forecast 2026 operating expenses in a range between $5.095 billion and $5.145 billion.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

04-30-26 0830ET