Intercontinental Exchange (NYSE:ICE), a global provider of technology and data, today reported financial results for the second quarter of 2025.

For the quarter ended June 30, 2025, consolidated net income attributable to ICE was $851 million on $2.5 billion of consolidated revenues, less transaction-based expenses.

Second quarter GAAP diluted EPS were $1.48. Adjusted net income attributable to ICE was $1.0 billion in the second quarter and adjusted diluted EPS were $1.81.

Second quarter consolidated net revenues were $2.5 billion including exchange net revenues of $1.4 billion, fixed income and data services revenues of $597 million and mortgage technology revenues of $531 million.

Consolidated operating expenses were $1.2 billion for the second quarter of 2025. On an adjusted basis, consolidated operating expenses were $983 million. Consolidated operating income for the second quarter was $1.3 billion, and the operating margin was 51%.

On an adjusted basis, consolidated operating income for the second quarter was $1.6 billion, and the adjusted operating margin was 61%.

Jeffrey C. Sprecher, ICE Chair & Chief Executive Officer, said:

“We are pleased to report our second quarter results, which were highlighted by another quarter of record revenues and double-digit earnings per share growth. Amidst a backdrop of continued volatility and uncertainty, our strong second quarter performance reflects the ‘all-weather’ nature of our business model and the value of our markets, technology, and data services. As we look to the second half of the year and beyond, ICE’s diverse platform is well positioned to continue to serve our customers, generate growth and create value for our stockholders.”

Warren Gardiner, ICE Chief Financial Officer, added:

“Through the first half of 2025, we have generated record revenues and record operating income, underscoring the strength and resiliency of our business model. Our strong and growing cash flows enabled us to reinvest in our business, return over $1 billion of capital to stockholders through the first half, as well as successfully achieve our leverage target related to our 2023 acquisition of Black Knight. As we turn to the second half, we remain focused on extending our track record of growth and creating value for our stockholders.”