Equity Profile

ICE

Intercontinental Exchange, Inc.

FinancialsFinancial Exchanges & Data$80.0B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Intercontinental Exchange, Inc. (ICE) operates global financial markets and provides data services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and attract more trading volume, which is vital for its performance.

N/A

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

ICE Q2-2026 Earnings Preview

Context

Company Snapshot

Intercontinental Exchange, Inc. (ICE) operates global financial markets and provides data services. As a leader in financial exchanges, it plays a crucial role in facilitating trading and managing risk in various asset classes, making it significant in the financial sector.

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 Q1-2026, ICE reported an EPS of $2.35, beating estimates by 3.71%. The stock reacted positively, gaining 1.22% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for ICE's upcoming earnings are mixed, with no analyst estimates available. Investors are keen to see if the company can continue its trend of beating EPS estimates.

Bull Case

If ICE reports strong earnings and revenue growth, it could reinforce investor confidence in its market position and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or reports declining trading volumes, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

The EPS figure will be crucial in determining if ICE can maintain its trend of beating estimates and how the market will react.

How has trading volume changed compared to previous quarters?

Changes in trading volume directly impact revenue, and investors will be looking for insights into the company's growth trajectory.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of increased trading volumes due to recent market volatility, which could drive higher revenues for ICE.

Supporting Evidence

ICE has consistently beaten EPS estimates in the past, suggesting a strong operational performance.

Options pricing indicates a significant expected move, which may reflect market anticipation of better-than-expected results.

Key Risk

If trading volumes come in significantly lower than expected, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will determine if ICE can sustain its growth amidst market fluctuations.

Bull Confirmed If

A reported EPS of $2.50 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $2.20 would indicate potential weaknesses in the business model and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±11.57%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move, indicating that investors expect volatility around the earnings report.

Options are pricing ±11.6% while ICE has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

16.1%

Calls (22K)P/C Ratio: 2.42Puts (19K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

This setup has occurred 30 times across Financials in the last 2 years. 12 of 25 faded and 13 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.4%, with a raw directional average of -0.0% (roughly flat historical bias).

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, confirming its strong market position.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may react neutrally, reflecting uncertainty.

Miss

A miss on earnings could lead to a decline, with historical patterns indicating a potential drop of around 2.09%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·1 sell

Members

House + Senate

Est. Notional

$17,003.00–$80,000.00

disclosed dollar ranges

Most Active Members

R-LAJulia LetlowRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on trading volume trends in the current quarter.
2Insights on revenue growth from new product offerings.
3Management's outlook on market conditions for the remainder of the year.
4Comments on competitive pressures in the financial exchange space.
5Any changes in guidance or strategic initiatives.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Intercontinental Exchange, Inc. (ICE) operates global financial markets and provides data services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and attract more trading volume, which is vital for its performance.

N/A

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

ICE Q2-2026 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 Q1-2026, ICE reported an EPS of $2.35, beating estimates by 3.71%. The stock reacted positively, gaining 1.22% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for ICE's upcoming earnings are mixed, with no analyst estimates available. Investors are keen to see if the company can continue its trend of beating EPS estimates.

Bull Case

If ICE reports strong earnings and revenue growth, it could reinforce investor confidence in its market position and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or reports declining trading volumes, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

The EPS figure will be crucial in determining if ICE can maintain its trend of beating estimates and how the market will react.

How has trading volume changed compared to previous quarters?

Changes in trading volume directly impact revenue, and investors will be looking for insights into the company's growth trajectory.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of increased trading volumes due to recent market volatility, which could drive higher revenues for ICE.

Supporting Evidence

ICE has consistently beaten EPS estimates in the past, suggesting a strong operational performance.

Options pricing indicates a significant expected move, which may reflect market anticipation of better-than-expected results.

Key Risk

If trading volumes come in significantly lower than expected, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will determine if ICE can sustain its growth amidst market fluctuations.

Bull Confirmed If

A reported EPS of $2.50 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $2.20 would indicate potential weaknesses in the business model and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±11.57%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move, indicating that investors expect volatility around the earnings report.

Options are pricing ±11.6% while ICE has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

16.1%

Calls (22K)P/C Ratio: 2.42Puts (19K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

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, confirming its strong market position.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may react neutrally, reflecting uncertainty.

Miss

A miss on earnings could lead to a decline, with historical patterns indicating a potential drop of around 2.09%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·1 sell

Members

House + Senate

Est. Notional

$17,003.00–$80,000.00

disclosed dollar ranges

Most Active Members

R-LAJulia LetlowRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on trading volume trends in the current quarter.
2Insights on revenue growth from new product offerings.
3Management's outlook on market conditions for the remainder of the year.
4Comments on competitive pressures in the financial exchange space.
5Any changes in guidance or strategic initiatives.