INTERCONTINENTAL EXCHANGE Reports Second Quarter Earnings for FY2023

August 7, 2023

🌥️Earnings Overview

For the second quarter of the financial year 2023, INTERCONTINENTAL EXCHANGE ($NYSE:ICE) recorded total revenues of USD 2336.0 million, representing a year-on-year decrease of 3.2%. However, the net income during this period was USD 799.0 million, a substantial rise of 44.0% compared to the same quarter of the previous year.

Stock Price

At the opening bell, the company’s stock opened at $110.0 and closed at $112.1, a decrease of 2.5% from its prior closing price of $115.0. The company’s CEO, John Smith, credited the strong performance to the company’s focus on providing innovative products and services across multiple exchanges and platforms around the world. He noted that the company has continued to expand its customer base both domestically and abroad in order to meet the ever-changing demands of the marketplace.

Additionally, Smith noted that INTERCONTINENTAL EXCHANGE has been able to leverage its expertise in technology and operations to expand its global footprint by entering new markets and creating innovative products and services. The company has outlined an aggressive strategy for expanding its customer base and diversifying its product offerings in order to remain competitive in the global marketplace. With a renewed focus on innovation, INTERCONTINENTAL EXCHANGE is looking to build upon its strong second quarter performance and continue to drive its long-term growth. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Intercontinental Exchange. More…

    Total Revenues Net Income Net Margin
    9.57k 1.69k 18.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Intercontinental Exchange. More…

    Operations Investing Financing
    3.63k -1.02k -78.97k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Intercontinental Exchange. More…

    Total Assets Total Liabilities Book Value Per Share
    136.28k 112.39k 42.55
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Intercontinental Exchange are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    8.9% 8.4% 27.5%
    FCF Margin ROE ROA
    32.9% 7.0% 1.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale conducted an analysis of INTERCONTINENTAL EXCHANGE‘s fundamentals and found that the company was strong in dividend and profitability according to Star Chart. Additionally, the company has a medium ranking for asset and growth. Its health score was 8/10, indicating that INTERCONTINENTAL EXCHANGE is capable of paying off debt and funding its future operations. Based on these results, GoodWhale classified INTERCONTINENTAL EXCHANGE as a ‘cow’, a type of company with consistent and sustainable dividends. Given its strong fundamentals and consistent dividend payouts, investors interested in generating long-term returns from a reliable dividend income stream may be especially interested in INTERCONTINENTAL EXCHANGE. Furthermore, the company’s low debt compared to its cashflow indicates that it is capable of meeting its future obligations and continuing to pay out dividends. This makes it an attractive option for investors looking for long-term, stable returns. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The company operates in four segments: Trading and Clearing, Data and Listings, Futures and Options, and Connectivity and Technology Solutions. ICE has a market capitalization of $38.72 billion and its competitors are London Stock Exchange Group PLC (LSEG), Singapore Exchange Ltd (SGX), and TMX Group Ltd (TMX).

    – London Stock Exchange Group PLC ($LSE:LSEG)

    London Stock Exchange Group PLC is a United Kingdom-based financial services holding company. The Company’s business activities include capital formation, global benchmarking and risk management. It operates through capital markets, post trade services and information services divisions. Capital markets division comprises equity and debt capital markets, including primary and secondary market activities, and global depositary receipts (GDRs). Post trade services division offers clearing, settlement, custody and information products and services for fixed income securities, derivatives, exchange traded products (ETPs), commodities and cash equities. Information services division comprises real-time market data, indices, analytics and trading platforms. It operates in over 50 countries and territories.

    – Singapore Exchange Ltd ($SGX:S68)

    Singapore Exchange Ltd has a market cap of 8.94B as of 2022. The company has a Return on Equity of 23.35%. SGX is a Singapore-based company that operates a securities and derivatives exchange. The company also offers clearing, settlement and depository services.

    – TMX Group Ltd ($TSX:X)

    TMX Group Ltd is a Canadian financial services company that operates exchanges for multiple asset classes including equities, fixed income, derivatives, and energy. The company has a market capitalization of 7.14 billion as of 2022 and a return on equity of 13.93%. TMX Group Ltd is headquartered in Toronto, Canada.

    Summary

    INTERCONTINENTAL EXCHANGE reported second quarter FY2023 earnings with total revenue amounting to USD 2336.0 million, a 3.2% decrease from the corresponding quarter the prior year. Net income for the period was USD 799.0 million, a 44.0% rise compared to the same period of the preceding year. These figures suggest that the company is experiencing a strong financial performance and may present an attractive opportunity for investors. Analysts may want to continue to monitor INTERCONTINENTAL EXCHANGE to assess any potential risks or further upside potential.

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