Intercontinental Exchange IncNYSE: ICE
Financials · Financial Exchanges & Data
$141.45
-6.63%
Vol: 775K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Intercontinental Exchange shareholders reject independent chair proposal; ICE expands IRM 2 to ERCOT power marketsPositive▶
At ICE's 2026 Annual Meeting on May 15, all eleven director nominees were re-elected to one-year terms and shareholders ratified executive compensation, while voting down a stockholder proposal calling for an independent board chairman. Separately, ICE expanded its VaR-based portfolio margining methodology (IRM 2) to U.S. ERCOT power markets, joining more than 1,000 energy derivative contracts under the same framework. Q1 net revenue was up 20% YoY to $3 billion with adjusted EPS up 37%.
May 20ICE shareholders reject independent-chair proposal at May 15 annual meeting; CEO Sprecher slated for Bernstein conference May 27.Positive▶
At its 2026 Annual Meeting on May 15, all 11 ICE director nominees were elected, executive compensation was approved, and shareholders rejected a proposal for an independent board chairman, supporting the board's recommendation. Charter amendments to supplement voting and ownership limitations for regulatory compliance were also approved, and Ernst & Young was ratified as auditor. ICE recently extended its IRM 2 Value-at-Risk portfolio margining model to U.S. ERCOT power markets, expanding capital-efficiency tools in Texas electricity hedging. CEO Jeffrey Sprecher will present at the Bernstein 42nd Annual Strategic Decisions Conference on May 27. Q1 net revenue rose 20% year over year to $3 billion and adjusted EPS rose 37% to $2.35 on record futures volume. Multiple firms including BofA, Deutsche Bank, Barclays, Piper Sandler and Morgan Stanley raised fair-value estimates.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Intercontinental Exchange held its 2026 Annual Meeting of Stockholders on May 15 and extended its IRM 2 portfolio margining methodology to U.S. ERCOT power markets, where open interest climbed 23% YoY.Positive▶
On May 15, 2026, Intercontinental Exchange held its 2026 Annual Meeting of Stockholders virtually at 8:30 a.m. ET. ICE extended its Value-at-Risk-based portfolio margining methodology IRM 2 to U.S. ERCOT power markets, where open interest climbed 23% and volume 14% year-over-year. ICE and CME jointly asked U.S. regulators to rein in decentralized exchange Hyperliquid's push into energy-linked on-chain derivatives, citing risks of insider trading, price manipulation, and sanctions evasion. Q1 2026 results reported record consolidated net income of $1.4 billion on $3.0 billion of revenues. Deutsche Bank lifted its price target on ICE in May 2026 and the consensus rating from 8 analysts is Buy with an average price target of $195.88. CEO Jeffrey Sprecher is scheduled to present at the Bernstein 42nd Annual Strategic Decisions Conference on May 27. Margin requirements for ICE Futures U.S. agricultural products were adjusted effective May 4.
May 15Intercontinental Exchange held its annual stockholders meeting May 15 after extending IRM 2 portfolio margining to U.S. ERCOT power markets.Positive▶
Intercontinental Exchange held its 2026 Annual Meeting of Stockholders virtually on May 15. ICE expanded its Value-at-Risk-based IRM 2 portfolio margining methodology to U.S. ERCOT power markets, with open interest up 23% and volume up 14% YoY. ICE partnered with the Climate Bonds Initiative for sustainable bond classification, and NYSE filed a proposed rule with the SEC for a tokenized stocks pilot program. CEO Jeffrey Sprecher will present at Bernstein's Strategic Decisions Conference May 27. Recent Q1 results were strong with record net revenues of $3.0B and adjusted diluted EPS up 37% to $2.35. Stock trades around $156 with consensus Buy rating.
May 14ICE extended its IRM 2 portfolio margining system to U.S. ERCOT power markets, deepening its energy risk management franchisePositive▶
On May 11, 2026, Intercontinental Exchange announced the extension of its Value-at-Risk-based IRM 2 portfolio margining methodology to U.S. ERCOT power markets, enabling participants to manage Texas electricity price risk through ICE's ERCOT power futures and options. The expansion broadens ICE's already large energy derivatives footprint at a time of structural growth in U.S. power demand tied to AI data centers. CEO Jeffrey Sprecher is scheduled to present at the Bernstein 42nd Annual Strategic Decisions Conference on May 27. The development matters because portfolio margining typically attracts incremental liquidity and open interest to ICE products versus competitors. The bear case: power futures volumes can be lumpy and competition with CME and regional exchanges for power risk transfer remains real.
May 13ICE expanded its IRM 2 portfolio margining methodology to U.S. ERCOT power markets and updated agricultural product margins ahead of its May 15 annual meeting.Neutral▶
On May 12, 2026, Intercontinental Exchange announced expansion of its Value-at-Risk-based portfolio margining (IRM 2) to U.S. ERCOT power markets, joining over 1,000 energy contracts already on the model. On May 11, ICE Futures U.S. updated margin requirements for agricultural products. The company is preparing for its virtual annual stockholder meeting on May 15. ICE recently reported record Q1 2026 results with net revenues of $3.0B and net income of $1.4B, with growth driven by tokenized stocks and sustainable bonds. Analyst consensus remains Buy with a price target near $196.
May 12ICE Mortgage Monitor reports strongest April home price gain in nearly two years as BofA raises PT to $251 from $240.Mixed▶
ICE Mortgage Monitor on May 11, 2026 reported April home prices posted the strongest monthly gain in nearly two years, supporting mortgage data revenues. BofA raised its price target on ICE to $251 from $240 on May 4, while 8-analyst consensus remains Buy. ICE expanded its IRM 2 Value-at-Risk portfolio margining methodology to U.S. ERCOT power markets and adjusted margin requirements for U.S. Agricultural, Index and Financial Products effective May 11. ICE also announced a strategic sustainable bonds data partnership with the Climate Bonds Initiative on May 6-7. Shares trade near $155.82, down 17.7% from 52-week high of $189.35 amid recent weakness.
May 11No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 8Intercontinental Exchange reported record Q1 results with 20.4% YoY revenue growth; MoonPay crypto investment in advanced talks at $5B valuationMixed▶
ICE posted record Q1 2026 with adjusted EPS of $2.35 (beat $2.22 est.) and $3.0B revenue (vs $2.84B est.), representing 20.4% YoY growth. Total open interest surged 23% YoY to record 125.5M lots. Company in advanced talks to invest in MoonPay at $5B valuation. BofA raised PT to $251 from $240. Nine analysts revised earnings upward. However, stock declined 12.1% YTD despite strong fundamentals.
May 6Record Q1 revenue of $3B and record EPS of $2.48, up 80% YoY; dividend raised 8%.Positive▶
Intercontinental Exchange delivered record Q1 2026 with consolidated revenues of $3.0B (up 20.4% YoY) and GAAP diluted EPS of $2.48 (27% above forecast). Exchanges revenue up 30% YoY to $1.78B; energy up 46% to $814M; financials up 65% to $256M. Board approved $0.52 per share Q2 dividend, up 8% from $0.48. Advanced talks to invest in MoonPay at $5B valuation signal Wall Street's crypto involvement expansion. Strategic innovation includes plans for tokenized securities. Analyst updates: BoA raised PT to $251 from $240; Deutsche Bank to $195 from $192.
May 5Intercontinental Exchange reports record Q1 2026 with 20% revenue growthPositive▶
Intercontinental Exchange posted record first quarter 2026 results with consolidated revenues of $3.0 billion, up 20% year-over-year, and GAAP diluted EPS of $2.48, up 80% year-over-year. The company increased quarterly dividend 8% to $0.52 per share and announced strong capital returns with $551 million in stock repurchases. Energy revenues surged 46% and financials increased 65%, reflecting robust derivatives market activity.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SPGIS+P | $427.95 | +2.94% | -0.4% | 18.7x | 1.10 | $123.1B |
| CMECME | $267.83 | -7.42% | -5.2% | 22.4x | 0.26 | $104.8B |
| ICEINTERCONTINENTAL | $141.45 | -6.63% | -2.9% | 17.3x | 0.96 | $85.7B |
| MCOMOODY | $459.60 | +3.20% | +0.4% | 23.9x | 1.37 | $77.8B |
| NDAQNASDAQ | $91.45 | +1.15% | -2.4% | 20.4x | 0.99 | $51.1B |
| COINCOINBASE | $172.37 | -10.95% | +2.2% | 38.8x | 3.38 | $51.0B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.