Intercontinental Exchange Earns $1.07 per Share

This morning, Intercontinental Exchange (ICE) reported Q2 earnings of $1.07 per share. That’s a 14% increase over last year. Revenues rose 8% to $1.4 billion. ICE’s operating margin is at 59%. Wall Street had been expecting earnings of $1.04 per share.

Scott A. Hill, ICE Chief Financial Officer, added: “In the first half, we built on our track record of consistent revenue growth, expense discipline and earnings per share growth. This performance enabled us to return over $1.4 billion of capital to our stockholders through dividends and our stock repurchase program. As we turn to the second half, we are well positioned to achieve our growth objectives and are investing to strengthen our foundation for continued growth in the future.”

So far this year, ICE has bought back $1.1 billion of its stock and paid out $330 million in dividends. For Q3, ICE expects data revenues of $575 million to $580 million.

Posted by on July 30th, 2020 at 1:09 pm


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