Record Financial Performance: ICE reported record second quarter adjusted earnings per share of $1.81, up 19% year-over-year, with net revenues reaching $2.5 billion, an increase of 9%. Adjusted operating income also set a record at $1.6 billion, up 13% year-over-year.
Strong Segment Growth: All three operating segments contributed to revenue growth. The Exchange segment saw net revenues increase 12% to $1.4 billion, driven by 15% growth in transaction revenues, particularly in interest rate and energy markets. The Fixed Income and Data Services segment generated $597 million in revenue, reflecting 5% growth, while the Mortgage Technology segment increased revenue by 5% to $531 million.
Strategic Leverage Management and Capital Return: ICE successfully reduced leverage to its target of 3x EBITDA, ahead of schedule. The company returned $532 million to shareholders in Q2, including $255 million in share repurchases, with over $1 billion returned in the first half of the year through buybacks and dividends.