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+14.1% | $5.41B+9.1% | $5.28B+8.7% | $5.27B+11.7% | $5.1B+11.8% | |
| Fixed Income and Data Services Segment | $2.48B+6.6% | $2.42B+5.3% | $2.39B+4.7% | $2.36B+4.6% | $2.33B+4.0% | |
| Mortgage Technology Segment | $2.13B+4.8% | $2.1B+3.9% | $2.08B+3.0% | $2.06B+12.0% | $2.03B+28.7% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Exchanges Segment | $8.47B+8.1% | $8.12B+9.1% | $8.06B+13.6% | $8.14B+21.4% | $7.83B+22.0% | |
| Fixed Income and Data Services Segment | $2.48B+6.6% | $2.42B+5.3% | $2.39B+4.7% | $2.36B+4.6% | $2.33B+4.0% | |
| Mortgage Technology Segment | $2.13B+4.8% | $2.1B+3.9% | $2.08B+3.0% | $2.06B+12.0% | $2.03B+28.7% | |
| Operating Income by Business | ||||||
| Exchanges Segment | $4.37B+16.5% | $3.98B+9.5% | $3.89B+10.0% | $3.92B+15.9% | $3.75B+14.4% | |
| Fixed Income and Data Services Segment | $973M+12.6% | $933M+10.7% | $914M+9.9% | $880M+6.9% | $864M+7.3% | |
| Mortgage Technology Segment | $28M+119% | $14M+108% | -$30M+85.6% | -$106M+65.9% | -$149M+49.7% | |
| Other operating expenses by Business | ||||||
| Exchanges Segment | $1.2B+9.1% | $1.17B+10.3% | $1.14B+8.8% | $1.09B+2.4% | $1.1B+6.4% | |
| Fixed Income and Data Services Segment | $1.16B+2.6% | $1.14B+1.0% | $1.14B+1.9% | $1.14B+4.9% | $1.13B+4.5% | |
| Mortgage Technology Segment | $1.07B-4.5% | $1.06B-6.8% | $1.08B+4.8% | $1.1B+20.5% | $1.12B+39.5% | |
| Operating Expenses by Business | ||||||
| Exchanges Segment | $1.45B+7.5% | $1.43B+8.0% | $1.4B+5.4% | $1.35B+1.2% | $1.35B+5.0% | |
| Fixed Income and Data Services Segment | $1.51B+3.1% | $1.49B+2.1% | $1.48B+1.8% | $1.48B+3.2% | $1.46B+2.2% | |
| Mortgage Technology Segment | $2.1B-3.7% | $2.09B-4.8% | $2.11B-5.3% | $2.16B+0.7% | $2.18B+16.3% | |
| Acquisition-related transaction and integration costs by Business | ||||||
| Exchanges Segment | $2M+100% | $2M— | $1M— | $1M— | $1M— | |
| Fixed Income and Data Services Segment | $2M— | $2M— | $2M— | $0— | $0— | |
| Mortgage Technology Segment | $75M-24.2% | $66M-36.5% | $64M-58.8% | $94M-49.3% | $99M-58.4% | |
| Foreign currency translation by Business | ||||||
| Mortgage Technology Segment | -$3M-200% | -$2M-100% | -$2M— | -$1M— | -$1M— | |
| Transaction-based expenses by Business | ||||||
| Exchanges Segment | $2.64B-3.1% | $2.71B+9.1% | $2.78B+24.0% | $2.87B+44.6% | $2.73B+47.4% | |
| Fixed Income and Data Services Segment | $0— | $0— | $0— | $0— | $0— | |
| Mortgage Technology Segment | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Exchanges Segment | $32.7B+0.3% | $32.68B+0.2% | $32.64B+0.1% | $32.64B— | $32.6B— | |
| Fixed Income and Data Services Segment | $19.45B+0.2% | $19.45B+0.2% | $19.44B+0.1% | $19.44B— | $19.42B— | |
| Mortgage Technology Segment | $70.43B+0.1% | $70.43B+0.2% | $70.43B+0.3% | $70.39B— | $70.34B— | |
| D&A by Business | ||||||
| Exchanges Segment | $254M+0.4% | $255M-1.9% | $254M-1.9% | $255M-0.4% | $253M-1.2% | |
| Fixed Income and Data Services Segment | $344M+4.2% | $344M+5.5% | $339M+3.3% | $335M+1.1% | $330M-1.7% | |
| Mortgage Technology Segment | $957M-0.5% | $961M+1.1% | $967M+11.9% | $969M+23.9% | $962M+37.3% | |
| Total revenues by Product | ||||||
| Agricultural and metals futures and options | $250M+0.4% | $233M-9.3% | $234M-12.0% | $243M-9.0% | $249M-8.8% | |
| Cash equities and equity options | $3.11B-2.0% | $3.18B+9.0% | $3.24B+22.0% | $3.33B+39.6% | $3.18B+42.1% | |
| CDS clearing | $356M+3.5% | $338M-1.5% | $341M-2.3% | $348M+0.6% | $344M-2.3% | |
| Closing solutions | $233M+13.7% | $223M+10.4% | $215M+11.4% | $211M+12.8% | $205M+12.6% | |
| Data and analytics | $270M+4.2% | $269M+3.9% | $265M+0.8% | $263M+9.6% | $259M+28.2% | |
| Data and connectivity services | $1.06B+10.9% | $1.03B+8.9% | $995M+4.6% | $973M+3.0% | $958M+2.4% | |
| Energy futures and options | $2.44B+23.4% | $2.18B+16.3% | $2.11B+16.4% | $2.1B+21.9% | $1.98B— | |
| Financial futures and options | $708M+22.1% | $608M+8.8% | $604M+15.3% | $606M+22.4% | $580M— | |
| Fixed income data and analytics | $1.26B+5.8% | $1.23B+4.8% | $1.22B+4.7% | $1.2B+4.8% | $1.19B+5.1% | |
| Fixed income execution | $125M+2.5% | $125M+6.8% | $129M+8.4% | $124M+3.3% | $122M+3.4% | |
| Listings | $501M+2.5% | $495M+1.2% | $493M+1.2% | $490M+0.2% | $489M-0.8% | |
| Origination technology | $755M+5.7% | $738M+3.5% | $727M+3.0% | $721M+3.6% | $714M+2.9% | |
| OTC and other | $394M-1.5% | $395M-1.3% | $385M-4.2% | $395M-0.5% | $400M0.0% | |
| Servicing software | $872M+2.0% | $871M+2.7% | $870M+1.9% | $863M+20.9% | $855M+70.3% | |
| Contract With Customer, Liability, Including New Contract Revenue, Recognized by Product | ||||||
| Data Services and Other Revenue | $348M-4.4% | $368M+1.4% | $360M-6.5% | $345M-16.3% | $364M-10.3% | |
| Annual Listing Revenue | $501M+2.5% | $495M+1.2% | $493M+1.2% | $491M+0.4% | $489M-0.6% | |
| Mortgage technology | $137M-22.2% | $150M-11.2% | $164M+3.8% | $175M+10.8% | $176M+24.8% | |
| Additions by Product | ||||||
| Data Services and Other Revenue | $369M-2.4% | $339M-15.3% | $347M-18.4% | $359M-16.5% | $378M-6.2% | |
| Annual Listing Revenue | $507M+1.2% | $495M-1.0% | $496M+0.8% | $495M+0.8% | $501M+4.4% | |
| Mortgage technology | $133M-13.1% | $138M-6.1% | $146M+5.0% | $156M-26.1% | $153M-21.5% |
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.
