Intercontinental Exchange Inc

Record Financial Performance: ICE reported first quarter 2025 earnings per share of $1.72, a 16% year-over-year increase. Net revenue reached a record $2.5 billion, an 8% increase compared to the previous year, which reflects strong operational performance across all segments.

Strong Segment Growth: The Exchange segment recorded net revenues of $1.4 billion, a 12% increase year-over-year, driven by transaction revenues (up 16%) particularly in interest rates (18% growth) and energy revenues (23% growth). This solid growth was supported by a significant rise in volumes, with April showing energy ADV up 39% and interest rate ADV nearly up 60%.

Cost Management and Efficiency: Adjusted operating expenses were reported at $964 million, slightly below guidance thanks to efficiencies and cost savings, contributing to an adjusted operating income increase of 11% year-over-year, totaling $1.5 billion. The company anticipates a slight increase in expenses for Q2 2025, mainly due to merit increases and fluctuations in currency.