Intercontinental Exchange Inc. (ICE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

second 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 a description of the risks that could cause our results to differ materially from those described in forward-looking statements, please refer to our 2024 Form 10-K, 2025 Second 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 in core business performance. You'll find a reconciliation to the covalent GAAP terms in your earnings materials. When you sign 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 Jud Sprecher, Chair and CEO, Warren Gardner, Chief Financial Officer, Ben Jackson, President, and Chris Edmonds, President of Six Income and Data Services. I'll now turn the call over to Warren. Thanks, Katya. Good morning, everyone, and thanks for joining us today. I'll begin on slide four with a summary of our record second quarter results. Second quarter adjusted earnings per share were a record $1.81, up 19% year over year. These record results were led by a 9% incr...