Intercontinental Exchange Fixed income execution — Total revenues decreased by 12.1% to $29.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 12.1%, from $33.00M to $29.00M. Over 4 years (FY 2021 to FY 2025), Fixed income execution — Total revenues shows an upward trend with a 24.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase suggests higher trading activity or market share in the fixed income space, while a decrease may indicate lower market volatility or competitive pressure on execution fees.
This metric represents the total gross revenue generated from electronic trading, execution services, and related connec...
Comparable to electronic trading revenue segments at other financial exchange operators or inter-dealer brokers that provide fixed income execution venues.
ice_segment_fixed_income_execution_total_revenues| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $13.00M | $12.00M | $13.00M | $15.00M | $25.00M | $26.00M | $35.00M | $32.00M | $28.00M | $29.00M | $35.00M | $26.00M | $30.00M | $28.00M | $33.00M | $31.00M | $32.00M | $33.00M | $29.00M |
| QoQ Change | — | -7.7% | +8.3% | +15.4% | +66.7% | +4.0% | +34.6% | -8.6% | -12.5% | +3.6% | +20.7% | -25.7% | +15.4% | -6.7% | +17.9% | -6.1% | +3.2% | +3.1% | -12.1% |
| YoY Change | — | — | — | — | +92.3% | +116.7% | +169.2% | +113.3% | +12.0% | +11.5% | +0.0% | -18.8% | +7.1% | -3.4% | -5.7% | +19.2% | +6.7% | +17.9% | -12.1% |