ICE Q1 net revenue up 21% to $2.3 billion; GAAP EPS up 14% to $1.33
Intercontinental Exchange reported first quarter 2024 results for the quarter ended March 31, 2024, with net revenues of $2.3 billion, up 21% year over year, and GAAP diluted EPS of $1.33, up 14%. Adjusted diluted EPS was $1.48, up 5%, and the company updated its 2024 guidance, including a flat-to-down low single digit outlook for full year Mortgage Technology pro forma segment revenue growth.
Key points
- Net income attributable to ICE was $767 million, versus $655 million in the first quarter of 2023.
- Operating income was $1.1 billion, up 10% year over year; adjusted operating income was $1.4 billion, up 18%.
- Mortgage Technology revenue was $499 million, and the company expects full year 2024 Mortgage Technology pro forma segment revenue growth of flat-to-down in the low single digit range.
- Operating cash flow was $1.0 billion and adjusted free cash flow was $877 million in the first quarter.
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2024.
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