Intercontinental Exchange (NYSE:ICE) today reported financial results for the second quarter of 2024.
For the quarter ended June 30, 2024, consolidated net income attributable to ICE was $632 million on $2.3 billion of consolidated revenues, less transaction-based expenses.
Second quarter GAAP diluted EPS were $1.10.
Adjusted net income attributable to ICE was $876 million in the second quarter and adjusted diluted EPS were $1.52.
Warren Gardiner, ICE Chief Financial Officer, commented:
“Through the first half of 2024, we have generated record revenues and record operating income, while also continuing to make progress towards achieving the leverage and synergy targets related to our 2023 acquisition of Black Knight. As we turn to the second half, we expect to continue to invest in opportunities to drive future growth and to create value for our stockholders.”
Second quarter consolidated net revenues were $2.3 billion including exchange net revenues of $1.2 billion, fixed income and data services revenues of $565 million and mortgage technology revenues of $506 million.
Consolidated operating expenses were $1.3 billion for the second quarter of 2024. On an adjusted basis, consolidated operating expenses were $947 million.
Consolidated operating income for the second quarter was $1.1 billion, and the operating margin was 46%.
On an adjusted basis, consolidated operating income for the second quarter was $1.4 billion, and the adjusted operating margin was 59%.
Jeffrey C. Sprecher, ICE Chair & Chief Executive Officer, said:
“We are pleased to report our second quarter results that extend our track record of growth. Our customers continue to access our networks to manage risk, consume our mission-critical data and drive workflow efficiencies across asset classes and through an array of macroeconomic environments. As we look to the second half of the year and beyond, we will continue to leverage our data, technology and network expertise to deliver innovative solutions for our customers and drive growth for our stockholders.”
ICE announced today a $0.45 per share dividend for the third quarter of 2024, which is up 7% from the $0.42 per share dividend paid in the third quarter of 2023. The cash dividend is payable on September 30, 2024 to stockholders of record as of September 16, 2024. The ex-dividend date is September 16, 2024.
