Thu, May 1, 12:28 PM (18 days ago)
**Intercontinental Exchange, Inc. (ICE, NYSE: ICE) Q1 2025 Financial Summary** **Revenue & Profit:** - Total revenues: $3.23 billion, up 15% YoY. - Operating income: $1.22 billion, up 15% YoY. - Net income: $797 million, up 4% YoY. - Earnings per share (EPS): $1.38, up 4% YoY. **Segment Performance:** - **Exchanges:** Revenues up 22% YoY to $2.12 billion. Operating income up 13% YoY to $1.01 billion. - **Fixed Income & Data Services:** Revenues up 5% YoY to $596 million. Operating income up 10% YoY to $235 million. - **Mortgage Technology:** Revenues up 2% YoY to $510 million. Operating loss narrowed by 43% YoY to $27 million. **Cash Flow & Liquidity:** - Operating cash flow: $966 million, down 4% YoY. - Free cash flow: $777 million, down 10% YoY. - Cash and cash equivalents: $783 million, down from $844 million in Q4 2024. **Expenses:** - Operating expenses: $1.25 billion, up 2% YoY. - Depreciation and amortization: $389 million, up 2% YoY. **Debt & Capital:** - Total debt: $20.28 billion, with a weighted average maturity of 13 years and a cost of 3.7% per annum. - Credit facility: $3.9 billion, with $3.3 billion available for working capital and general corporate purposes. - Share repurchases: $241 million in Q1 2025, with $2.28 billion remaining authorized. - Dividends: $278 million paid in Q1 2025. **Outlook & Trends:** - Global market conditions and geopolitical events continue to impact ICE's business. - Regulatory environment remains dynamic, with ongoing reviews and changes in financial market regulations. - ICE expects to continue investing in technology, business integration, and growth initiatives. - Future capital requirements will depend on growth, acquisitions, and strategic plans. **Risks & Uncertainties:** - Global economic conditions, including interest rates, inflation, and geopolitical events. - Regulatory changes and legal proceedings. - Competitive landscape and market dynamics. - Technological advancements and cybersecurity risks. **Future Operations Impact:** - ICE plans to continue investing in technology and data services to drive growth. - The company will monitor global economic conditions and adjust strategies as needed. - ICE will focus on maintaining strong liquidity and capital resources to support its operations and growth initiatives.