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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT TO SECTION 13 or 15(d) of

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 31, 2024

 

Intercontinental Exchange, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware 001-36198 46-2286804
(State or other jurisdiction
of incorporation)		 (Commission File No.) (I.R.S. Employer
Identification Number)

 

5660 New Northside Drive, Third Floor, Atlanta, Georgia 30328

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: (770) 857-4700

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which
Registered
Common Stock, $0.01 par value per share   ICE   New York Stock Exchange

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Item 2.02. Results of Operations and Financial Condition.

 

On October 31, 2024, Intercontinental Exchange, Inc. (“ICE”) announced its financial results for the fiscal quarter ended September 30, 2024. A copy of ICE’s press release announcing such financial results is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information contained herein, including the attached press release, is furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934 except as may be expressly set forth by specific reference in such filing.

 

ICE makes references to non-GAAP financial information in the attached press release. A description of the non-GAAP financial information and a reconciliation of the non-GAAP financial information to the comparable GAAP financial measures are contained in the attached press release and ICE’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024.

 

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No. Description
   
99.1 Press release dated October 31, 2024.
   
104 The cover page from Intercontinental Exchange, Inc.’s Current Report on Form 8-K, formatted in Inline XBRL.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    INTERCONTINENTAL EXCHANGE, INC.
     
Date: October 31, 2024  /s/ A. Warren Gardiner
    A. Warren Gardiner
    Chief Financial Officer

 

 

Exhibit 99.1

 

 

Intercontinental Exchange Reports Strong Third Quarter 2024

 

·  Record 3Q24 net revenues of $2.3 billion, +17% y/y  

Jeffrey C. Sprecher,

ICE Chair & Chief Executive Officer, said, "We are pleased to report our third quarter results that extend our track record of revenue and earnings per share growth. Our customers continue to rely on our mission-critical data and technology to manage their risk and capture workflow efficiencies amid a dynamic macroeconomic environment. As we look to the balance of the year and beyond, our focus remains on capitalizing on our world class technology, innovative culture and operating expertise to better serve our customers and create value for our stockholders.”

   
·  3Q24 GAAP diluted earnings per share (EPS) of $1.14, +19% y/y  
   
·  3Q24 adj. diluted EPS of $1.55, +6% y/y  
   
·  Record 3Q24 operating income of $1.1 billion, +31% y/y; record adj. operating income of $1.4 billion, +17% y/y  
   
·  3Q24 operating margin of 47%; adj. operating margin of 59%  
   
   
   
   

 

ATLANTA & NEW YORK, October 31, 2024 - Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today reported financial results for the third quarter of 2024. For the quarter ended September 30, 2024, consolidated net income attributable to ICE was $657 million on $2.3 billion of consolidated revenues, less transaction-based expenses. Third quarter GAAP diluted EPS were $1.14. Adjusted net income attributable to ICE was $894 million in the third quarter and adjusted diluted EPS were $1.55. Please refer to the reconciliation of non-GAAP financial measures included in this press release for more information on our adjusted operating expenses, adjusted operating income, adjusted operating margin, adjusted net income, adjusted diluted EPS and adjusted free cash flow.

 

Warren Gardiner, ICE Chief Financial Officer, added: "Our record third quarter revenue and operating income reflect the power of our balanced and diverse business model, which through an array of macroeconomic environments, continues to deliver consistent and compounding growth. Combined with our strong cash flows, we continue to make progress executing on our deleveraging plan while also investing in future growth."

 

1

 

 

Third Quarter 2024 Business Highlights

 

Third quarter consolidated net revenues were $2.3 billion including exchange net revenues of $1.3 billion, fixed income and data services revenues of $586 million and mortgage technology revenues of $509 million. Consolidated operating expenses were $1.2 billion for the third quarter of 2024. On an adjusted basis, consolidated operating expenses were $960 million. Consolidated operating income for the third quarter was $1.1 billion, and the operating margin was 47%. On an adjusted basis, consolidated operating income for the third quarter was $1.4 billion, and the adjusted operating margin was 59%.

 

$ (in millions)  Net
Revenues		   Op
Margin		   Adj Op
Margin		 
             
    3Q24
Exchanges  $1,254    76%   75%
Fixed Income and Data Services  $586    36%   45%
Mortgage Technology  $509    (11)%   35%
Consolidated  $2,349    47%   59%
                
    3Q24   3Q23   % Chg 
Recurring Revenues  $1,212   $1,031    18%
Transaction Revenues, net  $1,137   $972    17%

 

Exchanges Segment Results

 

Third quarter exchange net revenues were $1.3 billion. Exchange operating expenses were $307 million and on an adjusted basis, were $309 million in the third quarter. Segment operating income for the third quarter was $947 million, and the operating margin was 76%. On an adjusted basis, operating income was $945 million, and the adjusted operating margin was 75%.

 

2

 

 

$ (in millions)   3Q24   3Q23   % Chg    Const
Curr(1)		 
Revenues, net:                    
Energy  $473   $384    23%   23%
Ags and Metals   60    61    (3)%   (3)%
Financials(2)   141    112    26%   23%
Cash Equities and Equity Options, net   107    93    15%   15%
OTC and Other(3)   109    104    5%   5%
Data and Connectivity Services   242    236    3%   3%
Listings   122    124    (1)%   (1)%
Segment Revenues  $1,254   $1,114    13%   12%
                     
Recurring Revenues  $364   $360    1%   1%
Transaction Revenues, net  $890   $754    18%   17%

 

(1) Net revenues in constant currency are calculated holding both the pound sterling and euro at the average exchange rate from 3Q23, 1.2660 and 1.0881, respectively.

 

(2) Financials include interest rates and other financial futures and options.

 

(3) OTC & other includes net interest income and fees on certain clearing margin deposits, regulatory penalties and fines, fees for use of our facilities, regulatory fees charged to member organizations of our U.S. securities exchanges, designated market maker service fees, exchange member fees, and agriculture grading and certification fees.

 

Fixed Income and Data Services Segment Results

 

Third quarter fixed income and data services revenues were $586 million. Fixed income and data services operating expenses were $376 million, and adjusted operating expenses were $323 million in the third quarter. Segment operating income for the third quarter was $210 million, and the operating margin was 36%. On an adjusted basis, operating income was $263 million, and the adjusted operating margin was 45%.

 

$ (in millions)   3Q24   3Q23   % Chg    Const
Curr(1)		 
Revenues:                    
Fixed Income Execution  $28   $29    (2)%   (2)%
CDS Clearing   97    94    3%   3%
Fixed Income Data and Analytics   295    279    6%   6%
Other Data and Network Services   166    157    6%   5%
Segment Revenues  $586   $559    5%   5%
                     
Recurring Revenues  $461   $436    6%   6%
Transaction Revenues  $125   $123    2%   2%

 

3

 

 

(1) Net revenues in constant currency are calculated holding both the pound sterling and euro at the average exchange rate from 3Q23, 1.2660 and 1.0881, respectively.

 

Mortgage Technology Segment Results

 

Third quarter mortgage technology revenues were $509 million. Mortgage technology operating expenses were $563 million, and adjusted operating expenses were $328 million in the third quarter. Segment operating loss for the third quarter was $54 million, and the operating margin was (11)%. On an adjusted basis, operating income was $181 million, and the adjusted operating margin was 35%.

 

$ (in millions)   3Q24   3Q23   % Chg 
Revenues:               
Origination Technology  $182   $172    6%
Closing Solutions   54    48    12%
Servicing Software   209    69    n/a 
Data and Analytics   64    41    55%
Segment Revenues  $509   $330    54%
                
Recurring Revenues  $387   $235    64%
Transaction Revenues  $122   $95    29%

 

4

 

 

Other Matters

 

· Operating cash flow through the third quarter of 2024 was $3.1 billion and adjusted free cash flow was $2.6 billion.

 

· Unrestricted cash was $755 million and outstanding debt was $21.2 billion as of September 30, 2024.

 

· Through the third quarter of 2024, ICE paid $780 million in dividends.

 

Updated Financial Guidance

 

· ICE's fourth quarter 2024 GAAP operating expenses are expected to be in a range of $1.23 billion to $1.24 billion. Adjusted operating expenses(1) are expected to be in a range of $977 million to $987 million.

 

· ICE's fourth quarter 2024 GAAP and adjusted non-operating expense(2) are both expected to be in the range of $180 million to $185 million.

 

· ICE's diluted share count for the fourth quarter is expected to be in the range of 574 million to 580 million weighted average shares outstanding.

 

· ICE's full year 2024 capital expenditures are now expected to be in a range of $700 million to $740 million.

 

(1) 4Q 2024 non-GAAP operating expenses exclude amortization of acquisition-related intangibles, duplicate rent expenses, and Black Knight integration costs.

 

(2) Non-operating expense includes interest income, interest expense and net other income/expense. Non-GAAP non-operating expense excludes equity earnings/losses from unconsolidated investees.

 

5

 

 

Earnings Conference Call Information

 

ICE will hold a conference call today, October 31, 2024, at 8:30 a.m. ET to review its third quarter 2024 financial results. A live audio webcast of the earnings call will be available on the company's website at www.ice.com in the investor relations section. Participants may also listen via telephone by dialing 833-470-1428 from the United States or 929-526-1599 from outside of the United States. Telephone participants are required to provide the participant entry number 821839 and are recommended to call 10 minutes prior to the start of the call. The call will be archived on the company's website for replay.

 

The conference call for the fourth quarter 2024 earnings has been scheduled for February 6th, 2025 at 8:30 a.m. ET. Please refer to the Investor Relations website at www.ir.theice.com for additional information.

 

Historical futures, options and cash ADV, rate per contract, open interest data and CDS cleared information can be found at: https://ir.theice.com/investor-resources/supplemental-information/default.aspx

 

6

 

 

Consolidated Statements of Income

(In millions, except per share amounts)

(Unaudited)

 

   Nine Months Ended
September 30,		   Three Months Ended
September 30,		 
Revenues:  2024   2023   2024   2023 
Exchanges  $5,498   $4,754   $1,938   $1,540 
Fixed income and data services   1,719    1,668    586    559 
Mortgage technology   1,514    815    509    330 
Total revenues   8,731    7,237    3,033    2,429 
Transaction-based expenses:                    
Section 31 fees   437    231    232    56 
Cash liquidity payments, routing and clearing   1,338    1,219    452    370 
Total revenues, less transaction-based expenses   6,956    5,787    2,349    2,003 
                     
Operating expenses:                    
Compensation and benefits   1,422    1,103    487    400 
Professional services   114    88    40    31 
Acquisition-related transaction and integration costs   88    201    37    155 
Technology and communication   631    529    212    184 
Rent and occupancy   89    65    30    20 
Selling, general and administrative   232    196    54    59 
Depreciation and amortization   1,148    836    386    309 
Total operating expenses   3,724    3,018    1,246    1,158 
Operating income   3,232    2,769    1,103    845 
Other income/(expense):                    
Interest income   105    287    39    94 
Interest expense   (697)   (557)   (223)   (206)
Other income/(expense), net   83    (121)   (21)   (51)
Total other income/(expense), net   (509)   (391)   (205)   (163)
Income before income tax expense   2,723    2,378    898    682 
Income tax expense   630    330    227    123 
Net income  $2,093   $2,048   $671   $559 
Net income attributable to non-controlling interest   (37)   (53)   (14)   (18)
Net income attributable to Intercontinental Exchange, Inc.  $2,056   $1,995   $657   $541 
                     
Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders:                    
Basic  $3.59   $3.56   $1.15   $0.96 
Diluted  $3.57   $3.55   $1.14   $0.96 
Weighted average common shares outstanding:                    
Basic   573    561    574    563 
Diluted   576    562    577    565 

 

7

 

 

Consolidated Balance Sheets

(In millions)

 

   As of     
   September 30, 2024   As of 
   (Unaudited)   December 31, 2023 
Assets:        
Current assets:          
Cash and cash equivalents  $755   $899 
Short-term restricted cash and cash equivalents   1,243    531 
Short-term restricted investments   500    680 
Cash and cash equivalent margin deposits and guaranty funds   78,774    78,980 
Invested deposits, delivery contracts receivable and unsettled variation margin   1,119    1,814 
Customer accounts receivable, net   1,565    1,366 
Prepaid expenses and other current assets   739    703 
Total current assets   84,695    84,973 
Property and equipment, net   2,029    1,923 
Other non-current assets:          
Goodwill   30,598    30,553 
Other intangible assets, net   16,573    17,317 
Long-term restricted cash and cash equivalents   370    340 
Other non-current assets   936    978 
Total other non-current assets   48,477    49,188 
Total assets  $135,201   $136,084 
           
Liabilities and Equity:          
Current liabilities:          
Accounts payable and accrued liabilities  $1,045   $1,003 
Section 31 fees payable   76    79 
Accrued salaries and benefits   353    459 
Deferred revenue   375    200 
Short-term debt   2,619    1,954 
Margin deposits and guaranty funds   78,774    78,980 
Invested deposits, delivery contracts payable and unsettled variation margin   1,119    1,814 
Other current liabilities   201    137 
Total current liabilities   84,562    84,626 
Non-current liabilities:          
Non-current deferred tax liability, net   3,855    4,080 
Long-term debt   18,581    20,659 
Accrued employee benefits   178    193 
Non-current operating lease liability   318    299 
Other non-current liabilities   434    441 
Total non-current liabilities   23,366    25,672 
Total liabilities   107,928    110,298 
           
Equity:          
Intercontinental Exchange, Inc. stockholders’ equity:          
Common stock   7    6 
Treasury stock, at cost   (6,381)   (6,304)
Additional paid-in capital   16,226    15,953 
Retained earnings   17,632    16,356 
Accumulated other comprehensive loss   (251)   (294)
Total Intercontinental Exchange, Inc. stockholders’ equity   27,233    25,717 
Non-controlling interest in consolidated subsidiaries   40    69 
Total equity   27,273    25,786 
Total liabilities and equity  $135,201   $136,084 

 

8

 

 

Non-GAAP Financial Measures and Reconciliation
We use non-GAAP measures internally to evaluate our performance and in making financial and operational decisions. When viewed in conjunction with our GAAP results and the accompanying reconciliation, we believe that our presentation of these measures provides investors with greater transparency and a greater understanding of factors affecting our financial condition and results of operations than GAAP measures alone. In addition, we believe the presentation of these measures is useful to investors for period-to-period comparison of results because the items described below as adjustments to GAAP are not reflective of our core business performance. These financial measures are not in accordance with, or an alternative to, GAAP financial measures and may be different from non-GAAP measures used by other companies. We use these adjusted results because we believe they more clearly highlight trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures, since these measures eliminate from our results specific financial items that have less bearing on our core operating performance. We strongly recommend that investors review the GAAP financial measures and additional non-GAAP information included in our Quarterly Report on Form 10-Q, including our consolidated financial statements and the notes thereto.

 

9

 

 

Adjusted operating expenses, adjusted operating income, adjusted operating margin, adjusted net income attributable to ICE common stockholders, adjusted diluted earnings per share and adjusted free cash flow for the periods presented below are calculated by adding or subtracting the adjustments described below, which are not reflective of our cash operations and core business performance, and their related income tax effect and other tax adjustments (in millions, except for per share amounts):

 

Adjusted Operating Income, Operating Margin and Operating Expense Reconciliation

(In millions)

(Unaudited)

 

   Exchanges
Segment		   Fixed Income
and Data
Services
Segment		   Mortgage
Technology
Segment		   Consolidated 
   Nine Months
Ended
September 30,		   Nine Months
Ended
September 30,		   Nine Months
Ended
September 30,		   Nine Months
Ended
September 30,		 
   2024   2023   2024   2023   2024   2023   2024   2023 
Total revenues, less transaction-based expenses  $3,723   $3,304   $1,719   $1,668   $1,514   $815   $6,956   $5,787 
Operating expenses   989    944    1,087    1,057    1,648    1,017    3,724    3,018 
Less: Amortization of acquisition-related intangibles   51    49    114    127    593    316    758    492 
Less: Transaction and integration costs   —    —    —    —    88    201    88    201 
Less: Regulatory matter   —    11    10    —    —    —    10    11 
Less: Other   11    6    20    —    —    —    31    6 
Adjusted operating expenses  $927   $878   $943   $930   $967   $500   $2,837   $2,308 
Operating income/(loss)  $2,734   $2,360   $632   $611   $(134)  $(202)  $3,232   $2,769 
Adjusted operating income  $2,796   $2,426   $776   $738   $547   $315   $4,119   $3,479 
Operating margin   73%   71%   37%   37%   (9)%   (25)%   46%   48%
Adjusted operating margin   75%   73%   45%   44%   36%   39%   59%   60%

 

10

 

 

Adjusted Operating Income, Operating Margin and Operating Expense Reconciliation

(In millions)

(Unaudited)

 

 

   Exchanges
Segment		   Fixed Income
and Data
Services
Segment		   Mortgage
Technology
Segment		   Consolidated 
   Three Months
Ended
September 30,		   Three Months
Ended
September 30,		   Three Months
Ended
September 30,		   Three Months
Ended
September 30,		 
   2024   2023   2024   2023   2024   2023   2024   2023 
Total revenues, less transaction-based expenses  $1,254   $1,114   $586   $559   $509   $330   $2,349   $2,003 
Operating expenses   307    313    376    358    563    487    1,246    1,158 
Less: Amortization of acquisition-related intangibles   17    16    37    42    198    133    252    191 
Less: Transaction and integration costs   —    —    —    —    37    155    37    155 
Less: Regulatory matter   —    —    10    —    —    —    10    — 
Less/(Add): Other   (19)   —    6    —    —    —    (13)   — 
Adjusted operating expenses  $309   $297   $323   $316   $328   $199   $960   $812 
Operating income/(loss)  $947   $801   $210   $201   $(54)  $(157)  $1,103   $845 
Adjusted operating income  $945   $817   $263   $243   $181   $131   $1,389   $1,191 
Operating margin   76%   72%   36%   36%   (11)%   (48)%   47%   42%
Adjusted operating margin   75%   73%   45%   44%   35%   39%   59%   59%

 

11

 

 

Adjusted Net Income Attributable to ICE and Diluted EPS

(In millions)

(Unaudited)

 

   Nine Months
Ended
September 30,
2024		   Nine Months
Ended
September 30,
2023		 
Net income attributable to ICE common stockholders  $2,056   $1,995 
Add: Amortization of acquisition-related intangibles   758    492 
Add: Transaction and integration costs   88    201 
(Less)/Add: Litigation and regulatory matters   (150)   11 
Add: Net losses from unconsolidated investees   63    91 
Add: Loss on sale and fair value adjustments of equity investments and dividends received   1    7 
Less: Net interest income on pre-acquisition-related debt   —    (12)
Add: Other   31    22 
Less: Income tax effect for the above items   (199)   (178)
Less: Deferred tax adjustments on acquisition-related intangibles   (26)   (131)
Less: Other tax adjustments   —    (81)
Adjusted net income attributable to ICE common stockholders  $2,622   $2,417 
           
Diluted earnings per share attributable to ICE common stockholders  $3.57   $3.55 
           
Adjusted diluted earnings per share attributable to ICE common stockholders  $4.55   $4.30 
           
Diluted weighted average common shares outstanding   576    562 

 

12

 

 

Adjusted Net Income Attributable to ICE and Diluted EPS

(In millions)

(Unaudited)

 

   Three Months Ended
September 30,
2024		   Three Months Ended
September 30,
2023		 
Net income attributable to ICE common stockholders  $657   $541 
Add: Amortization of acquisition-related intangibles   252    191 
Add: Transaction and integration costs   37    155 
Add: Regulatory matter   10    — 
Add: Net losses from unconsolidated investees   18    26 
(Less)/Add: Loss on sale and fair value adjustments of equity investments and dividends received   (2)   7 
(Less)/Add: Other   (13)   16 
Less: Income tax effect for the above items   (74)   (66)
Add/(Less): Deferred tax adjustments on acquisition-related intangibles   9    (46)
           
Adjusted net income attributable to ICE common stockholders  $894   $824 
           
Diluted earnings per share attributable to ICE common stockholders  $1.14   $0.96 
           
Adjusted diluted earnings per share attributable to ICE common stockholders  $1.55   $1.46 
           
Diluted weighted average common shares outstanding   577    565 

 

13

 

 

Adjusted Free Cash Flow Calculation

(In millions)

(Unaudited)

 

   Nine Months
Ended
September 30,
2024		   Nine Months
Ended
September 30,
2023		 
Net cash provided by operating activities  $3,103   $2,573 
Less: Capital expenditures   (212)   (104)
Less: Capitalized software development costs   (264)   (222)
Free cash flow   2,627    2,247 
Add: Section 31 fees, net   4    205 
Adjusted free cash flow  $2,631   $2,452 

 

14

 

 

About Intercontinental Exchange

 

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.

 

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in Intercontinental Exchange, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024. We caution you not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of an unanticipated event. New factors emerge from time to time, and it is not possible for management to predict all factors that may affect our business and prospects. Further, management cannot assess the impact of each factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

 

SOURCE: Intercontinental Exchange

 

ICE-CORP

 

ICE Investor Relations Contact:

Katia Gonzalez

+1 678 981 3882

katia.gonzalez@ice.com

 

investors@ice.com

 

ICE Media Contact:

Damon Leavell

+1 212 323 8587

damon.leavell@ice.com

 

media@ice.com

 

15

 

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Cover
Oct. 31, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Oct. 31, 2024
Entity File Number 001-36198
Entity Registrant Name Intercontinental Exchange, Inc.
Entity Central Index Key 0001571949
Entity Tax Identification Number 46-2286804
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 5660 New Northside Drive
Entity Address, Address Line Two Third Floor
Entity Address, City or Town Atlanta
Entity Address, State or Province GA
Entity Address, Postal Zip Code 30328
City Area Code 770
Local Phone Number 857-4700
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.01 par value per share
Trading Symbol ICE
Security Exchange Name NYSE
Entity Emerging Growth Company false
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