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Intercontinental Exchange Inc Stock Quote ICE

Rating as of

Morningstar's Intercontinental Exchange Inc Stock Analysis

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Intercontinental Exchange Produces a Solid Second Quarter

Michael Miller Equity Analyst

Analyst Note

| Michael Miller |

Wide-moat Intercontinental Exchange reported solid second-quarter earnings that were in line with our expectations, as weakness in its mortgage technology segment was offset by strength in its exchange and fixed-income data businesses. Intercontinental reported net revenue of $1.81 billion, which was up 8% from last year but down 4.5% from last quarter. Intercontinental Exchange also saw its EPS rise 14% year over year to $1.32. As we incorporate these results, we do not plan to alter our $130 fair value estimate.

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Key Statistics - ICE

Company Profile - ICE

Business Description

Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 55% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (18% of net revenue) and fixed-income and data services segment (27% of net revenue).

Contact
5660 New Northside Drive
Atlanta, GA, 30328
T +1 770 857-4700
Industry Financial Data & Stock Exchanges
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 8,936

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