The company behind the New York Stock Exchange posts its best third quarter ever.
Intercontinental Exchange (ICE) reported its best third quarter ever, with consolidated net revenues of $2.765 billion, up 51% year-over-year. Key segments like Exchanges, Fixed Income and Data Services, and Mortgage Technology saw growth. Operating cash flow was $4.5 billion, and adjusted free cash flow was $3.7 billion. ICE expects to close its acquisition of MarketAxess in Q1 2027. The company will hold an earnings call on October 29, 2026.
How this was made
The 30-second read
Why it matters
The earnings beat and raised guidance are likely to drive short‑term buying pressure, while the pending MarketAxess merger adds long‑term upside.
Market read
ICE's strong quarterly performance and merger progress make it a focal point for traders in the financial services sector.
What to watch
Potential regulatory scrutiny on ICE's market‑data monopoly and integration risks of the pending MarketAxess merger.
Background
The article provides the full Q3 2026 earnings release for Intercontinental Exchange, including segment breakdowns and guidance updates.
Ticker impact
Intercontinental Exchange reported Q3 2026 consolidated net revenue of $10.9 billion and net income of $3.3 billion, marking its best third quarter ever.
likely upward pressure as the market prices in the earnings beat and guidance uplift
Revenue and profit beat expectations; guidance raised and cash flow strong, supporting a bullish short‑term move.
Market effects
Positive earnings may lift other exchange and data‑service providers, reinforcing sector strength.
U.S. market sentiment boosted; may benefit related financial technology stocks.
ICE's global footprint means the beat could influence international exchange operators.
Counterpoint
If the market has already priced in the beat, the stock could face short‑term profit‑taking.
Key entities
- companyIntercontinental Exchange
Operator of the NYSE and provider of data and technology services.
- companyMarketAxess Holdings Inc.
Target of ICE's pending acquisition.





