Intercontinental Exchange Inc. (ICE) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

today. After the prepared remarks, there'll be an opportunity to ask questions. If you'd like to participate in the Q&A, you can do so by pressing star followed by one on your telephone keypad. I'll now hand you over to Katia Gonzalez, Manager of Investor Relations, to begin. Please go ahead. Good morning. ICE's first quarter 2025 earnings release and presentation can be found in the investor section of ICE.com. These items will be archived, and our call will be available for replay. Today's call may contain forward-looking statements. These statements, which we undertake no obligation to update, represent our current judgment and are subject to risks, assumptions, and uncertainties. For our description of the risks that could cause our results to differ materially from those described in forward-looking statements, these refer to our 2024 Form 10-K, 2025 First Quarter Form 10-Q, and other filings with the SEC. In our earnings supplement, we refer to certain non-GAAP measures. We believe our non-GAAP measures are more reflective of our cash operations and core business performance. You'll find a reconciliation to the cooling gap terms in your earnings materials. When used on this call, net revenue refers to revenue net of transaction-based expenses, and adjusted earnings refers to adjusted diluted earnings per share. Throughout this presentation, unless otherwise indicated, references to revenue growth are on a constant currency basis. Please see the explanatory notes on the second page of the earnings supplement for additional details regarding the definition of certain items. With us on the call today are Jeff Sprecher, Chair and CEO, Warren Gardner, Chief Financial Officer, Ben Jackson, President, Lynn Martin, President of NYSE, and Chris Edmonds, President of Fix...