Intercontinental Exchange Inc (NYSE:ICE) stock rose 0.12% (As on February 6, 11:36:42 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the fourth quarter of FY25. Exchanges net revenues were $1.4 billion, up 10% year over year. The Zacks Consensus Estimate was pegged at $1.3 billion. Adjusted operating income of $1 billion was up 10% year over year. Fixed Income and Data Services revenues were $608 million, which increased 10% year over year. The Zacks Consensus Estimate was pegged at $608.7 million. Adjusted operating income rose 7% to $267 million. Mortgage Technology revenues increased 5% to $532 million. The Zacks Consensus Estimate is pegged at $544 million. Adjusted operating income was $211 million, which was up 19% year over year. As of Dec. 31, 2025, Intercontinental had cash and cash equivalents, including short-term restricted cash and cash equivalents of about $1.6 billion, down 20% from Dec. 31, 2024. Long-term debt was $18.6 billion, up 7% from 2024-end. Total equity was $29 billion as of Sept. 30, 2025, up 5% from 2024-end. Operating cash flow was $4.7 billion, up 1% year over year. Adjusted free cash flow was $4.2 billion, up 16% year over year.

ICE in the fourth quarter of FY25 has reported the adjusted earnings per share of $1.71, beating the analysts’ estimates for the adjusted earnings per share by 2.4%, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue decline of 17.3 percent to $2.5 billion in the fourth quarter of FY25, beating the analysts’ estimates for revenue by 1.2%. Total operating expenses increased 1.7% year over year to $1.3 billion. This can be primarily attributed to higher compensation and benefits, technology and communication, rent and occupancy, and selling, general and administrative expenses. Adjusted operating income rose 1.1% year over year to $1.5 billion. Adjusted operating margin expanded 200 basis points year over year to 60%.

Additionally, the company approved first-quarter 2026 dividend of 52 cents per share, an increase of 8%. The dividend will be paid out on March 31, 2026, to stockholders of record as of March 17, 2026. ICE expects the annual total dividend for 2026 to be $2.08 per share.

For fiscal 2026, Exchanges and Fixed Income & Data Services’ recurring revenue growth is now expected to be in mid-single digits. Mortgage Technology recurring revenue growth is now expected to be in low-to-mid single digits. Adjusted operating expenses are projected to be between $4.075 billion and $4.14 billion.