ICE marks 11% Y/Y rise in revenues in Q3 2023
Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today reported financial results for the third quarter of 2023.
For the quarter ended September 30, 2023, consolidated net income attributable to ICE was $541 million on $2.0 billion of consolidated revenues, less transaction-based expenses.
The net revenues of $2 billion were 11% higher than in the corresponding period a year earlier. They also set a record high.
The result included exchange net revenues of $1.1 billion, fixed income and data services revenues of $559 million and mortgage technology revenues of $330 million.
Third quarter GAAP diluted earnings per share was $0.96. Adjusted net income attributable to ICE was $824 million in the third quarter and adjusted diluted EPS was $1.46.
Warren Gardiner, ICE Chief Financial Officer, commented:
“In the third quarter, we once again generated revenue and earnings per share growth, driven by a continuation of robust trading results across our commodity complex and compounding growth in our recurring revenues. Our strong results are a testament to the power of our diverse business model and, as we approach the end of 2023, we are focused on extending our track record of growth and creating value for our stockholders.”