Business Segments · Transaction-based expenses
Exchanges Segment — Transaction-based expenses
Intercontinental Exchange Exchanges Segment — Transaction-based expenses increased by 8.0% to $689M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 8.9%, from $756M to $689M. Over 4 years (FY 2021 to FY 2025), Exchanges Segment — Transaction-based expenses shows an upward trend with a 7.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2018
Last reportedQ1 2026Apr 30, 2026
Rolls up toTransaction Based Expenses
How to read this metric
An increase suggests higher trading volumes or changes in fee structures paid to third-party clearing houses.
Detailed definition
Represents the direct costs incurred by an exchange segment that are tied to the volume of trading activity. These expen...
Peer comparison
Standard across financial exchange operators like CME Group or Nasdaq.
Metric ID:
ice_segment_exchanges_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 | $427M | $475M | $488M | $560M | $599M | $576M | $609M | $576M | $448M | $426M | $465M | $511M | $580M | $684M | $707M | $756M | $719M | $596M | $638M | $689M |
| QoQ Change | — | +11.2% | +2.7% | +14.8% | +7.0% | -3.8% | +5.7% | -5.4% | -22.2% | -4.9% | +9.2% | +9.9% | +13.5% | +17.9% | +3.4% | +6.9% | -4.9% | -17.1% | +7.0% | +8.0% |
| YoY Change | — | — | — | — | +40.3% | +21.3% | +24.8% | +2.9% | -25.2% | -26.0% | -23.6% | -11.3% | +29.5% | +60.6% | +52.0% | +47.9% | +24.0% | -12.9% | -9.8% | -8.9% |
Range$426M – $756M
CAGR+10.6%
Avg YoY Growth+11.6%
Median YoY Growth+12.1%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Intercontinental Exchange's exchanges segment — transaction-based expenses?
- Intercontinental Exchange (ICE) reported exchanges segment — transaction-based expenses of $689M in Q1 2026.
- How has Intercontinental Exchange's exchanges segment — transaction-based expenses changed year-over-year?
- Intercontinental Exchange's exchanges segment — transaction-based expenses decreased by 8.9% year-over-year, from $756M to $689M.
- What is the long-term trend for Intercontinental Exchange's exchanges segment — transaction-based expenses?
- Over 4 years (2021 to 2025), Intercontinental Exchange's exchanges segment — transaction-based expenses has grown at a 7.6% compound annual growth rate (CAGR), from $2.02B to $2.71B.
- What does exchanges segment — transaction-based expenses mean?
- Direct costs associated with processing and clearing trading volume on the exchange.