Intercontinental Exchange Posts 22% Jump in Net Revenues during Q2 2021

Net revenues reached $1.7 billion in the second quarter of 2021.

Intercontinental Exchange (NYSE: ICE), a leading global provider of data, technology and market infrastructure, released its financial results for Q2 of 2021 today. The exchange mentioned that the net income attributable to ICE reached $1.3 billion for the quarter that ended on 30 June 2021.

According to the official announcement, net revenues in the second quarter of 2021 reached $1.7 billion, which is up by 22% compared to the same period in 2020. In Q2 of 2021, GAAP diluted earnings per share (EPS) were $2.22. The adjusted net income attributable to ICE was $657 million.

In addition, Intercontinental Exchange reported adjusted diluted EPS at $1.16 in the second quarter of 2021, which is 12% higher than Q2 of 2020. Moreover, operating income saw a jump in the quarter that ended on 30 June 2021.

Commenting on the financial results, Jeffrey C. Sprecher, ICE Chairman & Chief Executive Officer, said: “We are pleased to report our second-quarter results that extend our track record of growth. Amidst a dynamic macroeconomic backdrop, customers continue to access our networks to manage risk, consume data and drive workflow efficiencies. As we look to the second half of the year and beyond, we will continue to leverage our data, technology & network expertise to deliver innovative solutions for our customers and drive growth for our stockholders.”

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In the last quarter, ICE reported a pre-tax gain of $1.23 billion related to the full divestment of stake in Coinbase.

Revenues

The latest surge in ICE’s net revenues was driven by strong performance in Mortgage technology revenues, exchange revenues, and fixed income and data services revenues.“Second-quarter consolidated net revenues were $1.7 billion, up 22% year-over-year including exchange net revenues of $909 million, fixed income and data services revenues of $458 million and mortgage technology revenues of $340 million. Consolidated operating expenses were $908 million for the second quarter of 2021. On an adjusted basis, consolidated operating expenses were $744 million. Consolidated operating income for the second quarter was $799 million, and the operating margin was 47%,” Intercontinental Exchange mentioned in the press release.

 

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