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Revenue by Segment
Breaks down revenue across different business units, providing insight into which areas are performing well and contributing most to overall growth.
Exchanges remains the largest, momentum-driven growth engine but is lumpy quarter-to-quarter; management points to durable strength in rates, futures/options and higher NYSE transaction revenue and has raised exchange recurring revenue guidance, implying this isn’t just timing noise. Fixed Income & Data Services is a steadier compounding stream (guidance was raised), while Mortgage Technology’s multi-quarter rebound reflects successful product/AI monetization. Near term expect variability from one‑time items, pulled-forward CapEx and temporary leverage from the MarketAxess deal—fundamentals look healthy but execution and regulatory risk could pressure margins.
ICE Revenue by Segment
| Date | Exchanges | Fixed Income and Data Services | Mortgage Technology |
|---|---|---|---|
| Sep 30, 2026 | $1.54B | $674.00M | $549.00M |
| Jun 30, 2026 | $1.46B | $645.00M | $557.00M |
| Mar 31, 2026 | $1.78B | $657.00M | $539.00M |
| Dec 31, 2025 | $1.36B | $608.00M | $532.00M |
| Sep 30, 2025 | $1.26B | $618.00M | $528.00M |
| Jun 30, 2025 | $1.42B | $597.00M | $531.00M |
| Mar 31, 2025 | $1.37B | $596.00M | $510.00M |
| Dec 31, 2024 | $1.24B | $579.00M | $508.00M |
| Sep 30, 2024 | $1.25B | $586.00M | $509.00M |
| Jun 30, 2024 | $1.25B | $565.00M | $506.00M |
| Mar 31, 2024 | $1.22B | $568.00M | $499.00M |
| Dec 31, 2023 | $1.14B | $563.00M | $502.00M |
| Sep 30, 2023 | $1.11B | $559.00M | $330.00M |
| Jun 30, 2023 | $1.09B | $546.00M | $249.00M |
| Mar 31, 2023 | $1.10B | $563.00M | $236.00M |
| Dec 31, 2022 | $982.00M | $537.00M | $249.00M |
| Sep 30, 2022 | $1.00B | $534.00M | $276.00M |
| Jun 30, 2022 | $1.00B | $512.00M | $297.00M |
| Mar 31, 2022 | $1.08B | $509.00M | $307.00M |
| Dec 31, 2021 | $1.01B | $480.00M | $346.00M |
| Sep 30, 2021 | $959.00M | $477.00M | $366.00M |
| Jun 30, 2021 | $909.00M | $458.00M | $340.00M |
| Mar 31, 2021 | $974.00M | $468.00M | $355.00M |
| Dec 31, 2020 | $871.00M | $450.00M | $350.00M |
