Filing Flows › Intercontinental Exchange (ICE) › Q2 2026
Intercontinental Exchange (ICE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Intercontinental Exchange (ICE) reported revenue of $3.6B for the second quarter 2026 (Q2 2026), +11% from a year earlier and -2% from the quarter before. Operating margin was 38.5%, net earnings $958M (26.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | -2% | +11% |
| Operating profit | $1.4B | -16% | +7% |
| Net earnings | $958M | -32% | +13% |
| Operating cash flow | $2.0B | +51% | +33% |
| Free cash flow | $1.9B | +47% | +28% |
What changed
Revenue was $3.6B in Q2 2026, up 11% year over year and down 2% from the previous quarter. Cash equities and equity options was the largest line at 30% of revenue. Cash equities and equity options added $0.24B year over year (up 29%), 70% of the total change. Energy futures and options declined 13%.
Operating profit was $1.4B, a 38.5% margin (down 1.2 points year over year). Of the extra revenue versus Q2 2025, 27% reached operating profit, below the 40% margin then. Total costs grew 13% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $1.0B, up 13% year over year. The effective tax rate was 24.2%.
Operating cash flow was $2.0B (up 33% year over year), 205% of net earnings. Non-cash charges added back $0.39B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $0.57B. Capital expenditures of $0.14B left free cash flow of $1.9B.
Questions
What was Intercontinental Exchange's revenue in the second quarter 2026?
Intercontinental Exchange (ICE) reported revenue of $3.6B for the second quarter 2026 (Q2 2026), +11% from a year earlier and -2% from the quarter before.
Was Intercontinental Exchange profitable in the second quarter 2026?
Operating profit was $1.4B (38.5% of revenue) and net earnings $958M.