Discontinued — last reported Q2 '23
Subscription revenues — Total revenues, less transaction-based expenses
Intercontinental Exchange Subscription revenues — Total revenues, less transaction-based expenses decreased by 0.6% to $164.00M in Q2 2023 compared to the prior quarter. Year-over-year, this metric grew by 2.5%, from $160.00M to $164.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates a shift toward a more stable, predictable revenue stream that is less sensitive to market volatility and trading volumes. A decrease suggests a higher reliance on cyclical transaction-based activity, which may introduce greater earnings variability.
Detailed definition
This metric represents the portion of net revenue derived from recurring subscription-based data, analytics, and softwar...
Peer comparison
Peer financial exchange operators and data providers typically report this as 'Recurring Revenue' or 'Data and Analytics Revenue,' which is highly valued by investors for its defensive characteristics during market downturns.
ice_segment_subscription_revenues_total_revenues_less_transaction_based_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $134.00M | $143.00M | $149.00M | $156.00M | $160.00M | $163.00M | $164.00M | $165.00M | $164.00M |
| QoQ Change | — | +6.7% | +4.2% | +4.7% | +2.6% | +1.9% | +0.6% | +0.6% | -0.6% |
| YoY Change | — | — | — | — | +19.4% | +14.0% | +10.1% | +5.8% | +2.5% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Intercontinental Exchange's subscription revenues — total revenues, less transaction-based expenses?
- Intercontinental Exchange (ICE) reported subscription revenues — total revenues, less transaction-based expenses of $164.00M in Q2 2023.
- How has Intercontinental Exchange's subscription revenues — total revenues, less transaction-based expenses changed year-over-year?
- Intercontinental Exchange's subscription revenues — total revenues, less transaction-based expenses increased by 2.5% year-over-year, from $160.00M to $164.00M.
- What does subscription revenues — total revenues, less transaction-based expenses mean?
- The share of total net revenue generated from recurring subscription fees for data and software services rather than trading transactions.