Lead: ICE Exchange (NYSE: ICE) disclosed via SEC 8-K filing on April 30, 2026, that Q1 net revenue reached a record $3 billion ($4.4T KRW).
Q1 Performance At a Glance
ICE Exchange posted Q1 net revenue of $3 billion ($4.4T KRW), up 20% YoY and marking the highest quarterly result on record. Despite macroeconomic uncertainty, all three business segments—Exchanges, Fixed Income Data Services, and Mortgage Technology—expanded.
- Net revenue: $3 billion ($4.4T KRW), +20% YoY
- EPS (GAAP): $2.48, +80% YoY
- EPS (Adjusted): $2.35, +37% YoY
- Operating income (GAAP): $1.7 billion ($2.5T KRW), +36% YoY
- Operating income (Adjusted): $1.9 billion ($2.8T KRW), +29% YoY
- Operating margin (GAAP): 56% / Operating margin (Adjusted): 65%
- Shareholder returns: $848 million ($1.3T KRW) — Share repurchases $551 million ($812.7B KRW) + Dividends $297 million ($438.1B KRW)
Q2 2026 Guidance
ICE projects Q2 operating expenses (GAAP) of $1.28–$1.29 billion ($1.9T KRW) and adjusted operating expenses of $1.03–$1.04 billion ($1.5T KRW). For full-year 2026, GAAP operating expenses are expected to range $5.095–$5.145 billion ($7.5T KRW) and adjusted expenses $4.145–$4.195 billion ($6.1T KRW). CEO Jeff Sprecher stated, "For the remainder of 2026, ICE will remain focused on customer service, innovation, and shareholder value creation."
Market Reaction
Prior to the earnings release, market analysts evaluated the potential for ICE to exceed consensus estimates. Specific stock price movement figures were not included in the filing and remain undisclosed. CFO Warren Gardner noted, "Strong cash flow enabled us to execute shareholder returns and growth investments simultaneously while maintaining leverage ratios within our target range."
Segment Performance
- Exchanges: Net revenue $1.781 billion ($2.6T KRW), +30% YoY / Adjusted operating margin 80%
- ▸ Energy Trading: $814 million ($1.2T KRW), +46%
- ▸ Financial (rates, etc.) Trading: $256 million ($378B KRW), +65%
- ▸ Data & Connectivity: $277 million ($409B KRW), +13%
- ▸ Agricultural & Metals Trading: $81 million ($119.5B KRW), +26%
- Fixed Income Data Services: Net revenue $657 million ($969.1B KRW), +10% YoY / Adjusted operating margin 47%
- ▸ CDS Clearing: $112 million ($165.2B KRW), +19%
- ▸ Bond Data & Analytics: $322 million ($475B KRW), +8%
- ▸ Data & Network Tech: $192 million ($283.2B KRW), +12%
- Mortgage Technology: Net revenue $539 million ($795B KRW), +6% YoY / Adjusted operating margin 39%
- ▸ Loan Origination Technology: $192 million ($283.2B KRW), +10%
- ▸ Loan Closing Solutions: $57 million ($84.1B KRW), +20%
- ▸ Loan Management Software: $222 million ($327.5B KRW), +1%
This article was auto-generated from SEC 8-K filings and third-party reporting to deliver critical data immediately following release. We recommend reviewing the company's official disclosure before making trading decisions.
