Intercontinental Exchange reported record first quarter 2026 results on Thursday, with net revenues rising 20% year-on-year to $3.0 billion and operating income climbing 36% to $1.7 billion, the company’s earnings release shows.
GAAP diluted EPS came in at $2.48, up 80% year-on-year, while adjusted diluted EPS rose 37% to $2.35. The gap reflects a large fair value adjustment on equity investments included in the GAAP figure.
The exchanges segment drove most of the performance, with net revenues up 30% to $1.8 billion and an adjusted operating margin of 80%.
Energy revenues rose 46% to $814 million, financials jumped 65% to $256 million, and data and connectivity services grew 13% to $277 million. Transaction revenues across the group rose 34% to $1.657 billion, while recurring revenues grew 7% to $1.320 billion.
Fixed income and data services added $657 million in revenue, up 10%. Mortgage technology grew 6% to $539 million but posted a GAAP operating loss of $13 million, though adjusted operating income was $212 million.
ICE returned $848 million to stockholders through March 31, including $551 million in buybacks and $297 million in dividends, on operating cash flow of $1.3 billion.
