ICE Q2 2026: net revenue up 4.8%, adjusted EPS tops consensus
ICE posted a solid rather than explosive quarter: net revenues rose 4.8% to $2.67 billion, adjusted EPS of $1.90 nudged past the $1.86 consensus, and all three segments grew. The catch is mid-single-digit growth and a 13.0% drop in energy revenue. Read the scorecard as durability plus capital return, not acceleration.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $1.69 rose 14.2% from $1.48, while adjusted EPS of $1.90 rose only 5.0% from $1.81 and beat the $1.86 consensus by roughly $0.04. The gap matters: adjusted results strip out $237 million of acquisition-related intangible amortization and a $63 million investment gain, so the 14.2% GAAP jump is flattered. Adjusted net income attributable to ICE rose just 3.0% to $1.07 billion, with the rest of the per-share gain coming from a 1.6% smaller diluted share count (566 million versus 575 million).
ICE shows two revenue lines here: total revenues of $3.61 billion, up 10.7% from $3.26 billion, and net revenues of $2.67 billion after transaction-based expenses, up 4.8% from $2.54 billion. That gap is exactly what the data flag warns about, since the press release quotes only the smaller net figure as its '$2.7 billion' headline. Underneath, recurring revenues grew 7.7% to $1.35 billion while transaction revenues rose just 2.0% to $1.31 billion.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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