Intercontinental Exchange (ICE) sees nearly $3.34 billion in net revenue for 2015.
The owner of multiple exchanges and business lines including the NYSE, under the group operator Intercontinental Exchange Inc. (ICE), today reported its 2015 annual report which saw modest rises across key business metrics, including a rise of nearly 8% for net revenue which reached nearly $3.34 billion, up from $3.09 billion year-over-year.
The company's CEO and Chairman Jeffrey C. Sprecher commented in the letter attached to the annual report: "In 2015, we again delivered on our double-digit earnings growth target. This marked our 10th consecutive year of both record revenue and adjusted earnings growth, which is an unmatched achievement in our sector.”
An excerpt of the company's consolidated financials can be seen in the snapshot below.
ICE's diluted earnings per share from continuing operations jumped 26% year over year, up $2.52 to $12.15 per share from $9.63 for the prior year period, reflecting the increase of over 20% in net income attributed to ICE which amounted to $1.4 billion for 2015. At the same time, the company reported a 10.4% decline in operating cash flow, as 2015's total dropped to $1.31 billion from over $1.46 billion year-over-year.
Two key acquisitions towards the end of last year included the Trayport for a total purchase of $620 million, and the acquisition of the Interactive Data corporation for $5.6 billion. A drop in operating expenses, as well as lower income tax expenses year-over-year, helped the adjusted operating income rise 16% to $1.973 billion for 2015.
The reported noted how the significant Volatility in oil prices coupled with its suite of related oil products offered by the company helped result in the record oil revenues that grew 14% in 2015 when compared to the previous year.
Futures and options net revenue totaled $1.35 billion, up 1.1% from $1.34 year-over-year, while data services fees revenue climbed by $180 million from $691 million in the prior year, up 26% to $871 million in 2015. Shares of ICE lasted traded at $234.68 on the NYSE before the news came out, and were little-changed in the after-hours session.
The owner of multiple exchanges and business lines including the NYSE, under the group operator Intercontinental Exchange Inc. (ICE), today reported its 2015 annual report which saw modest rises across key business metrics, including a rise of nearly 8% for net revenue which reached nearly $3.34 billion, up from $3.09 billion year-over-year.
The company's CEO and Chairman Jeffrey C. Sprecher commented in the letter attached to the annual report: "In 2015, we again delivered on our double-digit earnings growth target. This marked our 10th consecutive year of both record revenue and adjusted earnings growth, which is an unmatched achievement in our sector.”
An excerpt of the company's consolidated financials can be seen in the snapshot below.
ICE's diluted earnings per share from continuing operations jumped 26% year over year, up $2.52 to $12.15 per share from $9.63 for the prior year period, reflecting the increase of over 20% in net income attributed to ICE which amounted to $1.4 billion for 2015. At the same time, the company reported a 10.4% decline in operating cash flow, as 2015's total dropped to $1.31 billion from over $1.46 billion year-over-year.
Two key acquisitions towards the end of last year included the Trayport for a total purchase of $620 million, and the acquisition of the Interactive Data corporation for $5.6 billion. A drop in operating expenses, as well as lower income tax expenses year-over-year, helped the adjusted operating income rise 16% to $1.973 billion for 2015.
The reported noted how the significant Volatility in oil prices coupled with its suite of related oil products offered by the company helped result in the record oil revenues that grew 14% in 2015 when compared to the previous year.
Futures and options net revenue totaled $1.35 billion, up 1.1% from $1.34 year-over-year, while data services fees revenue climbed by $180 million from $691 million in the prior year, up 26% to $871 million in 2015. Shares of ICE lasted traded at $234.68 on the NYSE before the news came out, and were little-changed in the after-hours session.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
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The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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