Intercontinental Exchange Q2 revenue up 23% to $2.3 billion; GAAP EPS down 23%
Intercontinental Exchange reported second quarter 2024 results, with revenues less transaction-based expenses of $2.3 billion, up 23% from a year earlier, and record operating income of $1.1 billion. GAAP diluted EPS fell to $1.10 from $1.42, while adjusted diluted EPS rose 6% to $1.52, so GAAP profit declined even as revenue grew. The company also updated its full-year and third-quarter 2024 expense guidance.
Key points
- Second quarter net income attributable to ICE was $632 million, versus $799 million a year earlier.
- Adjusted diluted EPS was $1.52, up 6% from $1.43; GAAP diluted EPS was $1.10, down 23%.
- Updated 2024 guidance: full-year GAAP operating expenses of $4.90 billion to $4.93 billion; third-quarter GAAP operating expenses of $1.22 billion to $1.23 billion.
- Operating cash flow through the second quarter was $2.2 billion; the third-quarter earnings call is scheduled for October 31, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits 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 August 01, 2024.
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.