Intercontinental Exchange Posts 7% Revenue Growth to $9.9B, EPS Up 21%
Intercontinental Exchange reported 2025 revenue of $9.9 billion, up 7% year-over-year, driven by a 9% rise in Exchange segment volumes. GAAP EPS rose 21% to $5.77 while adjusted EPS jumped 14% to $6.95, and management forecasts 2026 operating expenses between $4.075 billion and $4.14 billion.
1. Full Year 2025 Financial Results
Intercontinental Exchange delivered full-year 2025 revenue of $9.9 billion, marking a 7% increase versus the prior year. The company achieved GAAP diluted EPS of $5.77, up 21%, and adjusted diluted EPS of $6.95, up 14%, driven by strong trading and service demand.
2. Segment Performance Breakdown
The Exchange segment led growth with a 9% revenue gain, fueled by record energy and financial futures volumes. Fixed Income and Data Services hit a record $2.4 billion, while the Mortgage Technology segment generated $2.1 billion and exceeded expense synergy targets post–Black Knight acquisition.
3. 2026 Outlook and Guidance
Leadership aims to modernize and automate platforms, integrating AI tools in mortgage and data services. While anticipating modest headwinds in mortgage contract renewals, management expects adjusted operating expenses between $4.075 billion and $4.14 billion for 2026.