Intercontinental Exchange Q1 Revenue Rises 20.4% to $2.98 Billion

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Summary · why it matters

Intercontinental Exchange reported first-quarter revenues of $2.98 billion, a 20.4% increase year on year, exceeding analyst expectations by 1.2%. The company also beat earnings per share estimates, marking what was described as a satisfactory quarter. Despite the results, the stock fell 9.1% since reporting and currently trades at $141.99. Among the ten financial exchanges and data stocks tracked, the group overall beat revenue consensus by 1.1%, with Morningstar posting the biggest beat and CME Group the weakest performance.

Impact on assets 5

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Morningstar Inc
MORN
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Morningstar posted the biggest revenue beat among the tracked exchanges.

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