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Intercontinental Exchange Inc. (ICE)
:ICE
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.66Last Year’s EPS
1.48Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 3.79%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with record earnings and revenue growth, significant achievements in the energy and interest rate segments, and successful integration of acquisitions. However, there are some challenges in the mortgage technology and fixed income segments, with certain headwinds affecting specific areas.Company Guidance
During the ICE Fourth Quarter 2024 Earnings Conference Call, the company provided extensive guidance and performance metrics for the fiscal year 2024 and expectations for 2025. ICE reported a record full-year adjusted earnings per share of $6.07, marking an 8% increase year-over-year, with net revenues reaching $9.3 billion, up 6% pro forma for the Black Knight acquisition. The company achieved $175 million in run-rate expense synergies from the acquisition, raising the synergy target to $230 million. ICE's full-year free cash flow was $3.6 billion, with $1 billion returned to shareholders and leverage reduced to under 3.3 times EBITDA. They plan to repurchase shares in the first quarter of 2025. Fourth-quarter adjusted earnings per share were $1.52, representing a 14% year-over-year increase, with net revenues at $2.3 billion. The Exchange segment saw a 9% increase in net revenues, driven by a 13% rise in transaction revenues. For 2025, ICE anticipates mid-single-digit growth in Fixed Income and Data Services recurring revenues, while Mortgage Technology revenues are expected to grow in the low-to-mid single-digit range. Full-year 2025 adjusted operating expenses are projected between $3,915 million and $3,965 million, with a tax rate of 24% to 26% and capital expenditures of $730 million to $780 million. ICE continues to focus on leveraging its data, technology, and customer-driven innovation across its multifaceted business model to drive future growth and shareholder value.Record Earnings and Revenue
Full year adjusted earnings per share totaled $6.07, an increase of 8% year-over-year. Net revenues totaled a record $9.3 billion, up 6% on a pro forma basis for the Black Knight acquisition.
Energy Markets Growth
Global Energy business revenues grew 38% year-over-year, driven by a 31% increase in natural gas and environmental products for the full year.
Interest Rate Business Strength
Interest Rates segment saw record revenues, with a 38% year-over-year growth in the fourth quarter and 30% growth for the year.
Successful Black Knight Integration
Achieved $175 million in run rate expense synergies post-acquisition of Black Knight, raising the synergy target to $230 million by 2025.
Free Cash Flow and Shareholder Returns
Generated $3.6 billion in free cash flow, returned $1 billion to shareholders through dividends, and reduced leverage to under 3.3 times EBITDA.
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ICE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ICE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $160.70 | $167.68 | +4.34% |
| Oct 31, 2024 | $166.05 | $155.42 | -6.40% |
| Aug 01, 2024 | $150.70 | $150.14 | -0.37% |
| May 02, 2024 | $127.53 | $125.40 | -1.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Intercontinental Exchange Inc. (ICE) report earnings?
Intercontinental Exchange Inc. (ICE) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Intercontinental Exchange Inc. (ICE) earnings time?
Intercontinental Exchange Inc. (ICE) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ICE EPS forecast?
ICE EPS forecast for the fiscal quarter 2025 (Q1) is 1.66.
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