Intercontinental Exchange Inc. (ICE) reports earnings

Intercontinental Exchange Inc. (ICE) has filed its annual report on Form 10-K for the fiscal year ended December 31, 2024 filing.

The company reported total revenues of $11.8 billion, an increase from $9.9 billion in the previous year. This growth was driven by increases across all three business segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

Operating income for the year was $4.3 billion, up from $3.7 billion in 2023. The operating margin remained steady at 46%.

Net income attributable to ICE was $2.8 billion, compared to $2.4 billion in the prior year. The effective tax rate increased to 23% from 16% in 2023.

ICE's Exchanges segment saw a 17% increase in revenues, reaching $7.4 billion. This growth was supported by higher transaction and clearing revenues, particularly in energy futures and options.

Fixed Income and Data Services revenues rose by 3% to $2.3 billion, with strong performance in fixed income data and analytics.

The Mortgage Technology segment reported a 54% increase in revenues to $2.0 billion, reflecting the full-year impact of the Black Knight acquisition.

Operating expenses increased by 16% to $5.0 billion, primarily due to higher compensation and benefits expenses and amortization of acquisition-related intangibles.

ICE ended the year with $844 million in cash and cash equivalents and total debt of $20.4 billion. The company paid $1.0 billion in dividends to stockholders during the year.

Looking ahead, ICE expects capital expenditures and capitalized software development costs to range between $730 million and $780 million in 2025.

This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Intercontinental Exchange Inc. annual 10-K report dated February 6, 2025. To report an error, please email [email protected].