Intercontinental Exchange ICE Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenues, less transaction-based expenses: by Business | ||||||
| Exchanges Segment | $5.83B+7.7% | $5.41B+2.4% | $5.28B+0.2% | $5.27B+3.3% | $5.1B+2.9% | |
| Fixed Income and Data Services Segment | $2.48B+2.5% | $2.42B+1.2% | $2.39B+1.4% | $2.36B+1.4% | $2.33B+1.2% | |
| Mortgage Technology Segment | $2.13B+1.4% | $2.1B+1.2% | $2.08B+0.9% | $2.06B+1.2% | $2.03B+0.5% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Exchanges Segment | $8.47B+4.3% | $8.12B+0.7% | $8.06B-0.9% | $8.14B+3.9% | $7.83B+5.2% | |
| Fixed Income and Data Services Segment | $2.48B+2.5% | $2.42B+1.2% | $2.39B+1.4% | $2.36B+1.4% | $2.33B+1.2% | |
| Mortgage Technology Segment | $2.13B+1.4% | $2.1B+1.2% | $2.08B+0.9% | $2.06B+1.2% | $2.03B+0.5% | |
| Operating Income by Business | ||||||
| Exchanges Segment | $4.37B+9.8% | $3.98B+2.5% | $3.89B-1.0% | $3.92B+4.6% | $3.75B+3.2% | |
| Fixed Income and Data Services Segment | $973M+4.3% | $933M+2.1% | $914M+3.9% | $880M+1.9% | $864M+2.5% | |
| Mortgage Technology Segment | $28M+100% | $14M+147% | -$30M+71.7% | -$106M+28.9% | -$149M+12.4% | |
| Other operating expenses by Business | ||||||
| Exchanges Segment | $1.2B+2.1% | $1.17B+2.5% | $1.14B+4.7% | $1.09B-0.5% | $1.1B+3.2% | |
| Fixed Income and Data Services Segment | $1.16B+1.8% | $1.14B+0.4% | $1.14B-0.7% | $1.14B+1.0% | $1.13B+0.3% | |
| Mortgage Technology Segment | $1.07B+0.9% | $1.06B-1.5% | $1.08B-2.3% | $1.1B-1.8% | $1.12B-1.4% | |
| Operating Expenses by Business | ||||||
| Exchanges Segment | $1.45B+1.7% | $1.43B+2.2% | $1.4B+3.7% | $1.35B-0.2% | $1.35B+2.1% | |
| Fixed Income and Data Services Segment | $1.51B+1.4% | $1.49B+0.7% | $1.48B-0.1% | $1.48B+1.1% | $1.46B+0.5% | |
| Mortgage Technology Segment | $2.1B+0.7% | $2.09B-0.9% | $2.11B-2.6% | $2.16B-0.8% | $2.18B-0.5% | |
| Acquisition-related transaction and integration costs by Business | ||||||
| Exchanges Segment | $2M0.0% | $2M+100% | $1M0.0% | $1M0.0% | $1M— | |
| Fixed Income and Data Services Segment | $2M0.0% | $2M0.0% | $2M— | $0— | $0— | |
| Mortgage Technology Segment | $75M+13.6% | $66M+3.1% | $64M-31.9% | $94M-5.1% | $99M-4.8% | |
| Foreign currency translation by Business | ||||||
| Mortgage Technology Segment | -$3M-50.0% | -$2M0.0% | -$2M-100% | -$1M0.0% | -$1M0.0% | |
| Transaction-based expenses by Business | ||||||
| Exchanges Segment | $2.64B-2.5% | $2.71B-2.5% | $2.78B-3.1% | $2.87B+5.1% | $2.73B+9.9% | |
| Fixed Income and Data Services Segment | $0— | $0— | $0— | $0— | $0— | |
| Mortgage Technology Segment | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Exchanges Segment | $32.7B0.0% | $32.68B+0.1% | $32.64B0.0% | $32.64B+0.1% | $32.6B0.0% | |
| Fixed Income and Data Services Segment | $19.45B0.0% | $19.45B+0.1% | $19.44B0.0% | $19.44B+0.1% | $19.42B0.0% | |
| Mortgage Technology Segment | $70.43B0.0% | $70.43B0.0% | $70.43B+0.1% | $70.39B+0.1% | $70.34B+0.1% | |
| D&A by Business | ||||||
| Exchanges Segment | $254M-0.4% | $255M+0.4% | $254M-0.4% | $255M+0.8% | $253M-2.7% | |
| Fixed Income and Data Services Segment | $344M0.0% | $344M+1.5% | $339M+1.2% | $335M+1.5% | $330M+1.2% | |
| Mortgage Technology Segment | $957M-0.4% | $961M-0.6% | $967M-0.2% | $969M+0.7% | $962M+1.2% | |
| Total revenues by Product | ||||||
| Agricultural and metals futures and options | $250M+7.3% | $233M-0.4% | $234M-3.7% | $243M-2.4% | $249M-3.1% | |
| Cash equities and equity options | $3.11B-2.0% | $3.18B-1.9% | $3.24B-2.7% | $3.33B+4.8% | $3.18B+9.1% | |
| CDS clearing | $356M+5.3% | $338M-0.9% | $341M-2.0% | $348M+1.2% | $344M+0.3% | |
| Closing solutions | $233M+4.5% | $223M+3.7% | $215M+1.9% | $211M+2.9% | $205M+1.5% | |
| Data and analytics | $270M+0.4% | $269M+1.5% | $265M+0.8% | $263M+1.5% | $259M0.0% | |
| Data and connectivity services | $1.06B+3.0% | $1.03B+3.6% | $995M+2.3% | $973M+1.6% | $958M+1.2% | |
| Energy futures and options | $2.44B+11.8% | $2.18B+3.4% | $2.11B+0.4% | $2.1B+6.4% | $1.98B+5.3% | |
| Financial futures and options | $708M+16.4% | $608M+0.7% | $604M-0.3% | $606M+4.5% | $580M+3.8% | |
| Fixed income data and analytics | $1.26B+1.9% | $1.23B+1.4% | $1.22B+1.3% | $1.2B+1.1% | $1.19B+0.9% | |
| Fixed income execution | $125M0.0% | $125M-3.1% | $129M+4.0% | $124M+1.6% | $122M+4.3% | |
| Listings | $501M+1.2% | $495M+0.4% | $493M+0.6% | $490M+0.2% | $489M0.0% | |
| Origination technology | $755M+2.3% | $738M+1.5% | $727M+0.8% | $721M+1.0% | $714M+0.1% | |
| OTC and other | $394M-0.3% | $395M+2.6% | $385M-2.5% | $395M-1.3% | $400M0.0% | |
| Servicing software | $872M+0.1% | $871M+0.1% | $870M+0.8% | $863M+0.9% | $855M+0.8% | |
| Contract With Customer, Liability, Including New Contract Revenue, Recognized by Product | ||||||
| Data Services and Other Revenue | $348M-5.4% | $368M+2.2% | $360M+4.3% | $345M-5.2% | $364M+0.3% | |
| Annual Listing Revenue | $501M+1.2% | $495M+0.4% | $493M+0.4% | $491M+0.4% | $489M0.0% | |
| Mortgage technology | $137M-8.7% | $150M-8.5% | $164M-6.3% | $175M-0.6% | $176M+4.1% | |
| Additions by Product | ||||||
| Data Services and Other Revenue | $369M+8.8% | $339M-2.3% | $347M-3.3% | $359M-5.0% | $378M-5.5% | |
| Annual Listing Revenue | $507M+2.4% | $495M-0.2% | $496M+0.2% | $495M-1.2% | $501M+0.2% | |
| Mortgage technology | $133M-3.6% | $138M-5.5% | $146M-6.4% | $156M+2.0% | $153M+4.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Intercontinental Exchange break its business down?
- Intercontinental Exchange (ICE) reports revenues, less transaction-based expenses: by business across 3 parts — Exchanges Segment, Fixed Income and Data Services Segment and Mortgage Technology Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does Intercontinental Exchange's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Intercontinental Exchange's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
