Oct 29, 7:30 AM ET
Intercontinental Exchange reported third quarter 2026 net revenues of $2.8 billion and net income attributable to ICE of $940 million, both up year-over-year. The company returned $2.5 billion to stockholders through the first nine months of the year, including $1.6 billion in share repurchases.
- 3Q26 net revenues reached $2.8 billion, representing a 15% increase year-over-year.
- 3Q26 GAAP diluted EPS was $1.67, and adjusted diluted EPS was $2.02, both up 18% year-over-year.
- Through September 30, 2026, the company returned $2.5 billion to stockholders, including $1.6 billion in share repurchases.
- The Department of Justice and the Federal Trade Commission granted early termination of the HSR Act waiting period on October 21, 2026, for the MarketAxess acquisition.
Read the filing on SEC.gov ↗
Aug 21, 7:30 AM ET
Intercontinental Exchange entered new financing tied to its pending acquisition of MarketAxess Holdings, including a $2.0 billion delayed draw term loan and amendments to its $3.9 billion revolving credit facility. The filing also shows the company issued $3.73 billion in senior unsecured notes, which permanently reduced its $6.2 billion bridge facility to zero, so the acquisition is now backed by these new sources rather than the bridge.
- Term loan facility of $2.0 billion with Bank of America as administrative agent, maturing 24 months after funding
- Revolving credit facility extended to August 20, 2031 for consenting lenders with $3.67 billion in commitments, and a new $1.5 billion MarketAxess revolving commitment class
- Senior unsecured notes issued August 20, 2026 for gross proceeds of $3.73 billion; $6.2 billion bridge facility reduced to $0
Read the filing on SEC.gov ↗
Jul 30, 7:32 AM ET
On July 29, 2026, Intercontinental Exchange agreed to acquire MarketAxess Holdings for $167 per share in cash, a 33% premium to MarketAxess's July 29 closing price, for an equity value of about $6.0 billion and an enterprise value of about $5.7 billion. ICE plans to fund the deal with newly issued debt and cash, with a bridge facility of up to $6.25 billion as backup, and the company also raised its baseline quarterly share repurchases. The deal is expected to close in the first half of 2027, subject to MarketAxess stockholder approval and regulatory clearances.
- $167 per share in cash, a 33% premium to the July 29, 2026 closing price; equity value about $6.0 billion, enterprise value about $5.7 billion
- Financing: 100% cash consideration via newly issued debt; Bank of America bridge facility of up to $6.25 billion as backup
- ICE raises baseline share repurchases to $400 million per quarter from $350 million; gross leverage of 3.4x at start, targeted at 3.0x or below within 18 to 24 months after close
- $100 million in annual run-rate expense synergies expected within three years of close; expected to close in the first half of 2027
Read the filing on SEC.gov ↗
Jul 30, 7:30 AM ET
Intercontinental Exchange reported second quarter 2026 net revenues of $2.7 billion, up 5% year over year, and GAAP diluted EPS of $1.69, up 14%. Adjusted diluted EPS was $1.90, up 5%, and the board raised the share repurchase authorization to up to $4.0 billion effective July 1, 2026, which supports continued capital returns to stockholders.
- Q2 2026 net revenues of $2.7 billion, up 5% year over year; GAAP operating income of $1.4 billion, up 7%
- GAAP diluted EPS of $1.69 (up 14%); adjusted diluted EPS of $1.90 (up 5%)
- Through June 30, 2026, returned $1.8 billion to stockholders, including $1.2 billion in share repurchases
- Board approved share repurchase authorization increase to up to $4.0 billion, effective July 1, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.