Intercontinental Exchange (ICE) Q3 2025 10-Q Quarterly Report

Filed: Oct 30, 2025Period ending Sep 30, 2025
Financials
Security & Commodity Brokers, Dealers, Exchanges & ServicesSEC EDGAR

Intercontinental Exchange (ICE) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 30, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Intercontinental Exchange Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenues less transaction-based expenses $2.41B, up $62M vs Q3 2024 $2.35B; nine months $7.43B, up $471M YoY from $6.96B
  • Operating margin 48.7% vs 47.0% YoY in Q3; nine months 49.7% vs 46.5% YoY; adjusted operating margin Q3 59.3% vs 59.1% YoY
  • Best segment: Exchanges revenue $1.27B (+1% YoY Q3), operating income $1.18B (+7% YoY Q3); Worst segment: Mortgage Technology loss $(54)M vs $(134)M loss nine months; revenues rose 4%
  • Cash flows from operations $1.17B Q3, $3.39B nine months; repurchased $398M shares Q3 vs no repurchases prior year; debt $19B with 3.7% interest, $894M repurchased shares nine months
  • Near-term outlook cautious due to macroeconomic volatility, interest rate uncertainty and geopolitical risks; monitoring regulatory changes including EU Benchmark rules and U.S. energy policies

Risk Factors

  • Section 'risk_factors' was empty or not found.

Intercontinental Exchange Q3 2025 Quarterly Financials
XBRL

Revenue

$3.0B

-0.9% YoY -7.8% QoQ

Net Income

$816M

+24.2% YoY -4.1% QoQ

Net Margin

27.1%

+547bp YoY +105bp QoQ

Source: XBRL data from Intercontinental Exchange Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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