Filing Flows › Intercontinental Exchange (ICE) › Q2 2026 › vs Q1 2026
Intercontinental Exchange (ICE) Q2 2026 vs Q1 2026 (quarter over quarter)
Intercontinental Exchange's revenue fell $55.0M (-2%) from $3.7B in Q1 2026 to $3.6B in Q2 2026. Operating margin 38.5% against 45.4% (-6.9 pts).
Intercontinental Exchange, Q2 2026: revenue $3.6B (+11% year over year), operating margin 38.5%, net earnings $958M, operating cash flow $2.0B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 38.5% | 45.4% | -6.9 pts |
| Net margin | 26.5% | 38.5% | -12.0 pts |
| Free cash flow margin | 51.3% | 34.4% | +16.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $3.6B | $3.7B | −$55.0M | -2% |
| Operating profit | $1.4B | $1.7B | −$274M | -16% |
| Costs & expenses | $2.2B | $2.0B | $219M | +11% |
| Pre-tax earnings | $1.3B | $1.9B | −$610M | -32% |
| Other expense, net | $104M | −$232M | $336M | — |
| SG&A | $63.0M | $85.0M | −$22.0M | -26% |
| Other operating costs | $2.2B | $1.9B | $241M | +13% |
| Net earnings | $958M | $1.4B | −$455M | -32% |
| Minority interests | $17.0M | $19.0M | −$2.0M | -11% |
| Income tax | $312M | $465M | −$153M | -33% |
| Depreciation & amortization | $389M | $384M | $5.0M | +1% |
| Share-based compensation | $67.0M | $78.0M | −$11.0M | -14% |
| Working capital & other | $584M | −$549M | $1.1B | — |
| Operating cash flow | $2.0B | $1.3B | $672M | +51% |
| Free cash flow (OCF − capex) | $1.9B | $1.3B | $592M | +47% |
| Capital expenditures | $144M | $64.0M | $80.0M | +125% |
Questions
How much did Intercontinental Exchange's revenue grow quarter over quarter in Q2 2026?
Intercontinental Exchange's revenue fell $55.0M (-2%) from $3.7B in Q1 2026 to $3.6B in Q2 2026. Operating margin 38.5% against 45.4% (-6.9 pts).