Equity Profile

ICE

Intercontinental Exchange, Inc.

FinancialsFinancial Exchanges & Data$88.4B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Intercontinental Exchange, Inc. (ICE) operates global financial exchanges and provides data services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and will indicate how well ICE is managing costs and generating revenue.

N/A

Revenue Growth

Revenue growth is vital for assessing the company's expansion and market demand for its services.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ICE Q2-2026 Earnings Preview

Context

Company Snapshot

Intercontinental Exchange, Inc. (ICE) operates global financial exchanges and provides data services. As a key player in the financial sector, it facilitates trading and risk management for various asset classes, making it essential for market liquidity and transparency.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+1.14%

Avg Stock Reaction

+0.09%

Last Quarter Recap

In Q1-2026, ICE reported an EPS of $2.35, exceeding expectations by 3.71%. The stock reacted positively, gaining 1.22% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of ICE's earnings report, given its strong track record of beating EPS estimates. However, concerns about market volatility may temper expectations.

Bull Case

If ICE continues its trend of beating EPS estimates, it could signal robust demand for its trading platforms and data services, leading to a positive stock reaction.

Bear Case

A miss on EPS or disappointing revenue growth could raise concerns about market conditions and ICE's ability to maintain its performance, potentially leading to a stock decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given ICE's strong history of beating EPS estimates, this number will be crucial for investor sentiment and stock performance.

How has trading volume changed compared to previous quarters?

Changes in trading volume can directly impact revenue and are indicative of market conditions and demand for ICE's services.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate ICE's resilience in a volatile market, as its diverse revenue streams can cushion against downturns.

Supporting Evidence

ICE has consistently beaten EPS estimates, indicating strong operational management.

The options market is pricing a larger move than historical averages, suggesting heightened expectations.

Recent trading volumes have shown signs of recovery, which could translate into better-than-expected revenue.

Key Risk

If trading volumes exceed expectations, it could significantly boost revenue and challenge current bearish sentiments.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether ICE can maintain its growth trajectory amid fluctuating market conditions.

Bull Confirmed If

An EPS of $2.40 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $2.20 would raise concerns about declining profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±11.57%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±11.6% while ICE has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

16.1%

Calls (22K)P/C Ratio: 2.42Puts (19K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

This setup has occurred 30 times across Financials in the last 2 years. 12 of 25 faded and 13 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.4%, with a raw directional average of -0.0% (roughly flat historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ICE beats expectations, history suggests a potential stock gain of around 1.22%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in the market.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting an average drop of around 2.09%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-LAJulia LetlowRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on trading volume trends and their impact on revenue.
2Updates on new product offerings or services that could drive future growth.
3Management's outlook on market conditions and how they plan to navigate volatility.
4Insights into cost management strategies and their effect on profitability.
5Any changes in regulatory environments that could impact operations.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Intercontinental Exchange, Inc. (ICE) operates global financial exchanges and provides data services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and will indicate how well ICE is managing costs and generating revenue.

N/A

Revenue Growth

Revenue growth is vital for assessing the company's expansion and market demand for its services.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ICE Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+1.14%

Avg Stock Reaction

+0.09%

Last Quarter Recap

In Q1-2026, ICE reported an EPS of $2.35, exceeding expectations by 3.71%. The stock reacted positively, gaining 1.22% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of ICE's earnings report, given its strong track record of beating EPS estimates. However, concerns about market volatility may temper expectations.

Bull Case

If ICE continues its trend of beating EPS estimates, it could signal robust demand for its trading platforms and data services, leading to a positive stock reaction.

Bear Case

A miss on EPS or disappointing revenue growth could raise concerns about market conditions and ICE's ability to maintain its performance, potentially leading to a stock decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given ICE's strong history of beating EPS estimates, this number will be crucial for investor sentiment and stock performance.

How has trading volume changed compared to previous quarters?

Changes in trading volume can directly impact revenue and are indicative of market conditions and demand for ICE's services.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate ICE's resilience in a volatile market, as its diverse revenue streams can cushion against downturns.

Supporting Evidence

ICE has consistently beaten EPS estimates, indicating strong operational management.

The options market is pricing a larger move than historical averages, suggesting heightened expectations.

Recent trading volumes have shown signs of recovery, which could translate into better-than-expected revenue.

Key Risk

If trading volumes exceed expectations, it could significantly boost revenue and challenge current bearish sentiments.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether ICE can maintain its growth trajectory amid fluctuating market conditions.

Bull Confirmed If

An EPS of $2.40 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $2.20 would raise concerns about declining profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±11.57%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±11.6% while ICE has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

16.1%

Calls (22K)P/C Ratio: 2.42Puts (19K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ICE beats expectations, history suggests a potential stock gain of around 1.22%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in the market.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting an average drop of around 2.09%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-LAJulia LetlowRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on trading volume trends and their impact on revenue.
2Updates on new product offerings or services that could drive future growth.
3Management's outlook on market conditions and how they plan to navigate volatility.
4Insights into cost management strategies and their effect on profitability.
5Any changes in regulatory environments that could impact operations.