Intercontinental Exchange Discloses Solid Financials for Q2 2018
- The company posted $1.24 billion in Q2 2018 consolidated revenues, up 5 percent from $1.18 billion in Q2 2017.
Intercontinental Exchange (NYSE:ICE), a global network of exchanges and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term houses, has reported its financial results for the second quarter ending June 30, 2018, which show a fifth consecutive quarterly gain in terms of its revenue and profit metrics, according to an ICE statement.
The company posted $1.24 billion in Q2 2018 consolidated revenues, up 5 percent year-over-year from $1.18 billion in Q2 2017. The figure included $864 million in revenues from transaction and clearing revenues, while data services generated $525 million in the last quarter, with listings revenues coming in at $111 million.
Taking a year-to-date perspective, ICE‘s total revenues, less transaction-based expenses, in the six months ending June 30 rose 5.6 percent year-over-year to $2.47 billion compared to $2.34 billion in the same period of 2017.
ICE completed the last three months through June with consolidated operating expenses at $591 million, up 3.5 percent year-over-year from $571 in the comparable quarter of 2017.
Bottom-line metrics are also strong
During Q2 2018, ICE unveiled its net income at $462 million, which represents a gain of 8.2 percent year-over-year from $427 million in Q2 2017. Furthermore, ICE reported diluted earnings per share (EPS) of $0.78 in Q2 2018 on a GAAP basis, a jump of 9.9 percent year-over-year from $0.71 in Q2 2017.
Additionally, operating income was also on the uptick in Q2 2018, with a figure of $655 million, compared to just $609 million in Q2 2017, good for a jump of 7.6 percent year-over-year.
In a statement, ICE Chairman and CEO Jeffrey C. Sprecher said: “We are pleased to report our second quarter results, which extend our track record of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and growth. We reported another quarter of record revenues and double-digit EPS growth, as strong results in our data and listings segment were complemented by double-digit revenue growth in our trading and clearing segment. As we continue to innovate, customer demand for our unique content, our secure distribution and our global benchmark contracts has never been stronger."
Intercontinental Exchange (NYSE:ICE), a global network of exchanges and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term houses, has reported its financial results for the second quarter ending June 30, 2018, which show a fifth consecutive quarterly gain in terms of its revenue and profit metrics, according to an ICE statement.
The company posted $1.24 billion in Q2 2018 consolidated revenues, up 5 percent year-over-year from $1.18 billion in Q2 2017. The figure included $864 million in revenues from transaction and clearing revenues, while data services generated $525 million in the last quarter, with listings revenues coming in at $111 million.
Taking a year-to-date perspective, ICE‘s total revenues, less transaction-based expenses, in the six months ending June 30 rose 5.6 percent year-over-year to $2.47 billion compared to $2.34 billion in the same period of 2017.
ICE completed the last three months through June with consolidated operating expenses at $591 million, up 3.5 percent year-over-year from $571 in the comparable quarter of 2017.
Bottom-line metrics are also strong
During Q2 2018, ICE unveiled its net income at $462 million, which represents a gain of 8.2 percent year-over-year from $427 million in Q2 2017. Furthermore, ICE reported diluted earnings per share (EPS) of $0.78 in Q2 2018 on a GAAP basis, a jump of 9.9 percent year-over-year from $0.71 in Q2 2017.
Additionally, operating income was also on the uptick in Q2 2018, with a figure of $655 million, compared to just $609 million in Q2 2017, good for a jump of 7.6 percent year-over-year.
In a statement, ICE Chairman and CEO Jeffrey C. Sprecher said: “We are pleased to report our second quarter results, which extend our track record of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and growth. We reported another quarter of record revenues and double-digit EPS growth, as strong results in our data and listings segment were complemented by double-digit revenue growth in our trading and clearing segment. As we continue to innovate, customer demand for our unique content, our secure distribution and our global benchmark contracts has never been stronger."