Intercontinental Exchange Inc logo

Intercontinental Exchange IncNYSE: ICE

Financials · Financial Exchanges & Data

$155.30

-1.77%

Vol: 2.4M

Research Digest

Friday, May 1, 2026

Positive

ICE record Q1 2026 revenue $3.67B (+48% YoY) with record futures volume and 8% dividend increase.

ICE Q1 2026 record consolidated net income $1.4B on $3.0B revenue (reported $3.67B with 48.2% YoY growth). Exchange net revenues record $1.8B (+27% YoY) as transaction revenues surged 33%. Total ADV +45% YoY, March highest monthly volume on record. Total futures/options open interest set new records (+23%, +63% rate products). Announced 8% dividend increase to $0.52/share Q2 2026. JP Morgan Buy with PT raised to $211 from $195.

Price 50d 200d

Previous Market Intelligence

13 days
Apr 30Intercontinental Exchange reports record Q1 2026 with consolidated revenues of $3.0 billion, up 48.2% YoY, and raised analyst price targets.Positive

ICE posted strong Q1 results with consolidated net income of $1.4 billion on $3.0 billion revenue, delivering record operating income. The company's sales exceeded expectations with 48.2% YoY growth to $3.67 billion. Analyst activity shows positive sentiment with J.P. Morgan and RBC Capital maintaining Buy ratings, while Piper Sandler raised price target to $211 from $195. The company also announced an 8% dividend increase to $0.52 per share.

Apr 16ICE Records Highest Monthly Volumes, Completes $600M Polymarket InvestmentPositive

Intercontinental Exchange achieved record monthly trading volume of 428.9M contracts in March 2026, over 70% higher than previous record. Q1 2026 was record quarter with record performance in energy and financial markets including benchmark contracts at highest volume days in company history. ICE completed $600 million direct cash investment in Polymarket on March 27, with total commitment approximately $1.64 billion (versus initial $2B planned); also expected to purchase up to $40M Polymarket securities from existing holders. New container freight futures platforms launching with Euronext in 2026. April 2026 Mortgage Monitor released showing spring housing market on stronger footing. Stock price $164.43, flat year-to-date but down 15% from all-time highs. ICE in advanced talks to invest in MoonPay at $5B valuation for crypto payments expansion.

Apr 15Intercontinental Exchange posts record March trading volumes and completes $2B Polymarket investment for data integration.Positive

Intercontinental Exchange reported record March 2026 trading volumes of 428.9M contracts (70% above prior record) with strength across commodities, energy, oil (+85% YoY), and interest rates (+140% YoY). ICE completed a $2 billion multi-stage investment in Polymarket. Deutsche Bank upgraded ICE to Buy with $188 target; analyst consensus price target is $194.73. Stock trading at $166.30.

Apr 14Intercontinental Exchange reports record March and Q1 2026 trading volumes (+88% YoY); launches container freight futures.Positive

ICE delivered exceptional Q1 2026 results with record trading volumes: March ADV rose 88% YoY with 428.9M contracts. Launched four container freight futures contracts on key U.S.-Asia-Europe routes. Completed $2 billion Polymarket investment with new Signals and Sentiment tool. Morgan Stanley raised price target to $187 from $183.

Apr 13Intercontinental Exchange hits record Q1 volumes and announces Polymarket investment completion, driving analyst optimism.Positive

ICE achieved record March volume of 428.9M contracts, 70% above prior record. Q1 marked best quarter with record energy/commodity volumes. Completed $600M Polymarket direct investment (total commitment $1B+). NYSE announced tokenized securities trading platform for 24x7 U.S. equities/ETFs. Barclays raised target to $198 from $193, maintaining Overweight. Stock up 3.1% at $162.98.

Apr 10ICE reports record Q1 2026 trading volumes and completes $2B Polymarket investment amid strong energy markets.Positive

Intercontinental Exchange achieved record trading volumes of 428.9M contracts in March 2026, up 70% from the previous record. The company updated Q1 operating expenses guidance and completed a $2 billion investment in Polymarket. Barclays maintains Overweight rating with $198 price target. Record performance demonstrates strong momentum in financial and energy markets.

Apr 9Intercontinental Exchange reports record Q1 2026 performance with highest monthly volume on record and Polymarket investment milestone.Positive

ICE achieved record results in Q1 2026 with benchmark contracts hitting highest volume days in company history. March 2026 set a new record with 428.9M contracts traded, over 70% higher than the previous record from January. The company completed a $600 million direct investment in Polymarket, bringing total commitments to approximately $1.6 billion. Full-year adjusted operating expenses expected between $4.145B-$4.195B, with strong revenue guidance driven by robust trading volumes across energy and financial markets.

Apr 8Intercontinental Exchange Reports Record March Volumes and Polymarket Investment CompletionPositive

Intercontinental Exchange reported record trading volumes of 428.9 million contracts in March 2026, a 70% increase over January's previous record. The company completed a combined $1.60 billion cash investment in Polymarket, securing exclusive distribution rights to its event-driven data globally. Through NYSE, ICE partnered with Securitize to build an on-chain tokenized securities settlement platform. UBS raised its price target to $205 from $200 with a Buy rating. Dividend has been raised for 14 consecutive years.

Apr 7ICE sets Q1 record with 428.9M contracts; updates 2026 expense guidance on strong trading revenuePositive

Intercontinental Exchange reported record Q1 2026 trading volumes with March 2026 hitting 428.9M contracts (70% above previous January record). Q1 2026 marked record quarter across energy, financial markets and benchmark contracts. Company increased 2026 full-year expense guidance to $5.095-5.145B (GAAP) citing strong revenue from high trading volumes. ICE announced $600M additional investment in Polymarket ($1.64B total vs $2B planned). March ADV rose 88% YoY and Q1 ADV climbed 45%.

Apr 6Intercontinental Exchange completes $1.6B Polymarket investment; reports record 2025 revenuesPositive

Intercontinental Exchange completed a combined $1.6B investment in Polymarket, securing exclusive global distribution rights for event-driven data. ICE also partnered with NYSE and Securitize to build tokenized securities settlement platform. The company achieved record 2025 revenues of $9.9B (+7% YoY) and record operating income of $4.9B (+14% YoY) with 50% operating margin—marking 20 consecutive years of record revenues. ICE commodity markets hit all-time open interest highs in March 2026, with a record 3.57B shares traded at NYSE's Closing Auction. Deutsche Bank upgraded to Buy with $188 PT. ICE is expanding crypto footprint with strategic investments and tokenization initiatives positioning it at the forefront of financial innovation.

Apr 3Intercontinental Exchange completes $600M additional investment in Polymarket and announces strategic $25B valuation investment in OKX crypto trading platform.Positive

ICE announced completion of $600M direct cash investment in Polymarket, positioning itself in prediction markets and data infrastructure. Company also made strategic investment in OKX at $25B valuation. Strong financial performance: 2025 net revenues $9.9B (up 7% YoY), diluted EPS $5.77 (up 21% YoY). Record market activity reported March 25.

Apr 2Intercontinental Exchange pours additional $600M into Polymarket (total $2B committed) and invests in OKX crypto exchange as it doubles down on digital assets.Positive

ICE completed a $600M direct investment in Polymarket on March 27, bringing total commitment to nearly $2B, establishing Polymarket Signals and Sentiment tool for institutional traders. ICE also made strategic $25B valuation investment in OKX crypto exchange to license spot prices and launch regulated U.S. crypto futures. Commodity markets hit record open interest through March 2026. Analysts rate ICE as buy consensus with PT $192.25. FY2026 EPS forecast $7.71 average.

Apr 1Intercontinental Exchange launching NYSHEX container freight futures on April 7; completed $600M Polymarket investment and OKX partnership.Positive

ICE announced four container freight futures contracts launching April 7, 2026. The exchange made a $600M investment in Polymarket and a strategic relationship with OKX for crypto futures. Deutsche Bank upgraded ICE to Buy with $188 price target.

Sector Peers

CompanyPriceDay1MFwd P/EBetaMkt Cap
SPGIS+P$426.22-1.16%-0.7%19.4x1.20$127.6B
CMECME$289.91+0.73%-6.7%22.4x0.30$104.3B
ICEINTERCONTINENTAL$155.30-1.77%-5.0%18.1x1.04$89.5B
MCOMOODY$456.91-1.07%+4.0%24.9x1.45$80.7B
NDAQNASDAQ$91.42-0.53%+4.6%20.8x1.02$52.0B
COINCOINBASE$191.17+1.81%+7.4%37.7x3.61$49.6B

Key Fundamentals

Market Cap$89.5B
P/E (TTM)27.4
Forward P/E18.1
Beta1.04
Div Yield133.00%
Prev Close$158.09

RSI (14-Day)

42Neutral
0305070100

52-Week Range

$143.17$155.30$189.35
From High-18.0%
From Low+8.5%

Moving Averages

50d SMA
$159.84-2.8%
200d SMA
$164.15-5.4%

Price below 200d MA — bearish structure.

Historical Returns

1W
-2.2%
1M
-1.1%
3M
-9.7%
6M
-2.2%
1Y
-3.9%
YTD
-2.6%

Volume

Today2.4M
20d Avg2.5M
Ratio0.96x