Intercontinental Exchange Q2 Revenue Rises 4.8% to $2.67 Billion, Beating Estimates

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Summary · why it matters

Intercontinental Exchange reported second-quarter revenues of $2.67 billion, up 4.8% year on year and 1.7% above analysts' expectations, as the financial exchanges and data sector closed out a satisfactory earnings season. The company, which began as an energy trading platform in 2000 and acquired the New York Stock Exchange in 2013, also posted a decent beat of analysts' EBITDA estimates, and its stock has been flat since reporting, trading at $155.44. Among the 10 financial exchanges and data stocks tracked, Morningstar delivered the best quarter with revenues of $663.2 million, up 9.6% year on year and 2.2% ahead of expectations, though its shares fell 1.2% to $196.28. S&P Global posted the weakest performance against estimates, with revenues of $3.68 billion, up 10.9% year on year but falling 10.4% short of expectations, and its stock dropped 8.4% to $403.05. CME Group reported revenues of $1.71 billion, flat year on year but 1.7% above expectations, with its stock up 11.3% at $264.25, while MarketAxess reported revenues of $218.4 million, flat year on year and 0.8% above expectations, with its stock up 30.6% at $164.18. As a group, the 10 stocks' revenues were in line with consensus estimates, and their share prices have risen 3.3% on average since the latest results.

Impact on assets 5

Carbon Removal (DAC)▲ · 2 stocks
Intercontinental Exchange Inc
ICE
▲ PositiveCapitalrelevance

Intercontinental Exchange's Q2 revenue rose 4.8% to $2.67 billion, beating estimates, with a decent EBITDA beat.

CME Group Inc
CME
▲ PositiveCapitalrelevance

CME Group reported Q2 revenues of $1.71 billion, 1.7% above expectations, with its stock up 11.3%.

Financials▲ · 2 stocks
MarketAxess Holdings Inc
MKTX
▲ PositiveCapitalrelevance

MarketAxess reported Q2 revenues of $218.4 million, 0.8% above expectations, with its stock up 30.6%.

Morningstar Inc
MORN
▲ PositiveCapitalrelevance

Morningstar delivered the best quarter with revenues of $663.2 million, up 9.6% and 2.2% ahead of expectations.

Cloud & Digital Infrastructure▼ · 1 stocks
S&P Global Inc
SPGI
▼ NegativeCapitalrelevance

S&P Global posted the weakest performance against estimates, with revenues 10.4% short of expectations, and its stock dropped 8.4%.