Equity Profile

ICE

Intercontinental Exchange, Inc.

FinancialsFinancial Exchanges & Data$87.2B

Apr30Thu

Post-Earnings Recap

ReportedQ1-2026Pre-Market7:30 AM EDT

Intercontinental Exchange Beats on EPS, Stock Up 1.22%

Metric	Actual	Expected	Surprise
EPS	$2.35	$2.26	+3.71%
Revenue	N/A	$2.9B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Intercontinental Exchange Beats on EPS, Stock Up 1.22%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$2.35	$2.26	+3.71%
Revenue	N/A	$2.9B	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Intercontinental Exchange reported better-than-expected earnings per share, which contributed to a positive stock reaction, with shares rising by 1.22%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance. Investors may be encouraged by the EPS beat, but the lack of revenue data and management commentary means caution could be warranted moving forward.

Company Snapshot

Intercontinental Exchange, Inc. (ICE) operates financial exchanges and provides data services, playing a crucial role in global financial markets....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability, and this quarter's consensus is particularly important after a recent earnings miss.

$2.26

Revenue

Revenue figures will help gauge the overall health of the business and its ability to grow amidst market fluctuations.

$2.9B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Intercontinental Exchange, Inc. (ICE) operates financial exchanges and provides data services, playing a crucial role in global financial markets. With a market cap of $89 billion, ICE is significant in sectors like commodities and securities, impacting trading and investment strategies.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+1.14%

Avg Stock Reaction

+0.09%

Last Quarter Recap

In Q4-2025, ICE reported an EPS of $1.49, missing estimates by nearly 11%. The stock reacted positively, gaining 2.09% the following day despite the miss.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect ICE to report an EPS of $2.26 and revenue of $2.9 billion, reflecting cautious optimism after a recent earnings miss.

Bull Case

If ICE can exceed EPS expectations and demonstrate strong revenue growth, it may signal a recovery in trading volumes and market activity.

Bear Case

Conversely, if ICE misses estimates again, it could raise concerns about its market position and ability to attract trading activity.

Key Metrics to Watch

EPS

$2.26

Earnings per share is a key indicator of profitability, and this quarter's consensus is particularly important after a recent earnings miss.

Revenue

$2.9B

Revenue figures will help gauge the overall health of the business and its ability to grow amidst market fluctuations.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $2.26?

A beat on EPS could indicate a strong recovery in trading activity, which is critical for investor confidence.

What revenue figures will ICE report, particularly in light of recent trading trends?

Revenue performance will provide insight into the company's growth trajectory and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for a strong recovery in trading volumes, especially if market conditions improve.

Supporting Evidence

ICE has a history of beating EPS estimates 75% of the time, suggesting potential for a positive surprise.

Options pricing indicates a higher expected move than historical averages, hinting at market anticipation.

Recent trading activity in related sectors suggests a rebound that ICE could capitalize on.

Key Risk

If trading volumes exceed expectations, it could invalidate the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether ICE can recover from its recent earnings miss and sustain growth in a competitive environment.

Bull Confirmed If

An EPS of $2.30 or higher, coupled with revenue exceeding $3.0 billion, would confirm the bull case.

Bear Confirmed If

An EPS below $2.23 or revenue falling short of $2.9 billion would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±3.91%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move, suggesting traders anticipate volatility around the earnings report.

Options are pricing ±4.1% while ICE has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

22.6%

Calls (214K)P/C Ratio: 0.15Puts (15K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ICE beats expectations, history suggests the stock could see a modest increase of around 0.43% the next day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

Should ICE miss estimates again, the stock could drop by approximately 0.21%, raising concerns about its market position.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on trading volume trends in key markets.
2Insights into how market conditions are affecting revenue generation.
3Management's outlook on future trading activity.
4Comments on competitive pressures and how ICE plans to address them.
5Any changes in operational strategy that could impact profitability.

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Company Snapshot

Intercontinental Exchange, Inc. (ICE) operates financial exchanges and provides data services, playing a crucial role in global financial markets....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability, and this quarter's consensus is particularly important after a recent earnings miss.

$2.26

Revenue

Revenue figures will help gauge the overall health of the business and its ability to grow amidst market fluctuations.

$2.9B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+1.14%

Avg Stock Reaction

+0.09%

Last Quarter Recap

In Q4-2025, ICE reported an EPS of $1.49, missing estimates by nearly 11%. The stock reacted positively, gaining 2.09% the following day despite the miss.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect ICE to report an EPS of $2.26 and revenue of $2.9 billion, reflecting cautious optimism after a recent earnings miss.

Bull Case

If ICE can exceed EPS expectations and demonstrate strong revenue growth, it may signal a recovery in trading volumes and market activity.

Bear Case

Conversely, if ICE misses estimates again, it could raise concerns about its market position and ability to attract trading activity.

Key Metrics to Watch

EPS

$2.26

Earnings per share is a key indicator of profitability, and this quarter's consensus is particularly important after a recent earnings miss.

Revenue

$2.9B

Revenue figures will help gauge the overall health of the business and its ability to grow amidst market fluctuations.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $2.26?

A beat on EPS could indicate a strong recovery in trading activity, which is critical for investor confidence.

What revenue figures will ICE report, particularly in light of recent trading trends?

Revenue performance will provide insight into the company's growth trajectory and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for a strong recovery in trading volumes, especially if market conditions improve.

Supporting Evidence

ICE has a history of beating EPS estimates 75% of the time, suggesting potential for a positive surprise.

Options pricing indicates a higher expected move than historical averages, hinting at market anticipation.

Recent trading activity in related sectors suggests a rebound that ICE could capitalize on.

Key Risk

If trading volumes exceed expectations, it could invalidate the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether ICE can recover from its recent earnings miss and sustain growth in a competitive environment.

Bull Confirmed If

An EPS of $2.30 or higher, coupled with revenue exceeding $3.0 billion, would confirm the bull case.

Bear Confirmed If

An EPS below $2.23 or revenue falling short of $2.9 billion would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±3.91%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move, suggesting traders anticipate volatility around the earnings report.

Options are pricing ±4.1% while ICE has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

22.6%

Calls (214K)P/C Ratio: 0.15Puts (15K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ICE beats expectations, history suggests the stock could see a modest increase of around 0.43% the next day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

Should ICE miss estimates again, the stock could drop by approximately 0.21%, raising concerns about its market position.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on trading volume trends in key markets.
2Insights into how market conditions are affecting revenue generation.
3Management's outlook on future trading activity.
4Comments on competitive pressures and how ICE plans to address them.
5Any changes in operational strategy that could impact profitability.