Business Segments · Revenues, less transaction-based expenses:
Exchanges Segment — Revenues, less transaction-based expenses:
Intercontinental Exchange Exchanges Segment — Revenues, less transaction-based expenses: increased by 30.6% to $1.78B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 30.3%, from $1.37B to $1.78B. Over 4 years (FY 2021 to FY 2025), Exchanges Segment — Revenues, less transaction-based expenses: shows an upward trend with a 8.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2018
Last reportedQ1 2026Apr 30, 2026
Rolls up toRevenues, less transaction-based expenses:
How to read this metric
An increase indicates improved pricing power or higher net trading activity.
Detailed definition
Calculated as the net revenue generated by the exchange segment after deducting direct transaction-related costs. This m...
Peer comparison
Commonly referred to as 'Net Revenue' or 'Net Trading Revenue' in the exchange industry.
Metric ID:
ice_segment_exchanges_revenues_less_transaction_based_expensesHistorical Data
20 periods
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $909M | $959M | $1.01B | $1.08B | $1.01B | $1B | $982M | $1.1B | $1.09B | $1.11B | $1.14B | $1.22B | $1.25B | $1.25B | $1.24B | $1.37B | $1.42B | $1.27B | $1.36B | $1.78B |
| QoQ Change | — | +5.5% | +5.7% | +6.8% | -7.2% | -0.4% | -1.9% | +11.7% | -0.4% | +1.9% | +2.0% | +7.7% | +1.9% | +0.6% | -1.4% | +10.6% | +3.5% | -10.6% | +7.8% | +30.6% |
| YoY Change | — | — | — | — | +10.6% | +4.4% | -3.2% | +1.3% | +8.8% | +11.3% | +15.7% | +11.5% | +14.0% | +12.6% | +8.8% | +11.8% | +13.6% | +0.9% | +10.4% | +30.3% |
Range$909M – $1.78B
CAGR+15.2%
Avg YoY Growth+10.2%
Median YoY Growth+10.9%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Intercontinental Exchange's exchanges segment — revenues, less transaction-based expenses:?
- Intercontinental Exchange (ICE) reported exchanges segment — revenues, less transaction-based expenses: of $1.78B in Q1 2026.
- How has Intercontinental Exchange's exchanges segment — revenues, less transaction-based expenses: changed year-over-year?
- Intercontinental Exchange's exchanges segment — revenues, less transaction-based expenses: increased by 30.3% year-over-year, from $1.37B to $1.78B.
- What is the long-term trend for Intercontinental Exchange's exchanges segment — revenues, less transaction-based expenses:?
- Over 4 years (2021 to 2025), Intercontinental Exchange's exchanges segment — revenues, less transaction-based expenses: has grown at a 8.8% compound annual growth rate (CAGR), from $3.86B to $5.41B.
- What does exchanges segment — revenues, less transaction-based expenses: mean?
- Net revenue from exchange operations after subtracting direct transaction costs.