Global market infrastructure company Intercontinental Exchange (NYSE:ICE) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 6.2% year on year to $2.7 billion. Its non-GAAP profit of $1.90 per share was 3.4% above analysts’ consensus estimates.
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Intercontinental Exchange (ICE) Q2 CY2026 Highlights:
- Revenue: $2.7 billion vs analyst estimates of $2.62 billion (6.2% year-on-year growth, 3% beat)
- Pre-tax Profit: $1.29 billion (47.7% margin)
- Adjusted EPS: $1.90 vs analyst estimates of $1.84 (3.4% beat)
- Market Capitalization: $87.39 billion
Company Overview
Starting as an energy trading platform in 2000 before acquiring the iconic New York Stock Exchange in 2013, Intercontinental Exchange (NYSE:ICE) operates global financial exchanges, clearing houses, and provides data services and mortgage technology solutions to financial institutions and corporations.
Revenue Growth
A company’s long-term performance is an indicator of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Luckily, Intercontinental Exchange’s revenue grew at a decent 10% compounded annual growth rate over the last five years. Its growth was slightly above the average financials company and shows its offerings resonate with customers.
Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Intercontinental Exchange’s annualized revenue growth of 9.6% over the last two years aligns with its five-year trend, suggesting its demand was stable. 
Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, Intercontinental Exchange reported year-on-year revenue growth of 6.2%, and its $2.7 billion of revenue exceeded Wall Street’s estimates by 3%.
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Key Takeaways from Intercontinental Exchange’s Q2 Results
It was encouraging to see Intercontinental Exchange beat analysts’ revenue expectations this quarter. We were also happy its EBITDA outperformed Wall Street’s estimates. Overall, this print had some key positives. The stock remained flat at $154.50 immediately following the results.
Intercontinental Exchange had an encouraging quarter, but one earnings result doesn’t necessarily make the stock a buy. Let’s see if this is a good investment. If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here (it’s free).