Steve Eagerton
Host
Replay available
Intercontinental Exchange Inc. (NYSE: ICE) Q2 2026 earnings conference call, held 2026-07-30. Replay captured from the company's public earnings webcast.

Host
Chair and Chief Executive Officer
Chief Financial Officer
President
President, Fixed Income and Data Services
Analyst at Jefferies
Analyst at J.P. Morgan
Analyst at Bank of America
Analyst at Piper Sandler
Analyst at KBW
Analyst at Morgan Stanley
Analyst at Goldman Sachs
Analyst at Deutsche Bank
Analyst at Barclays
Analyst at UBS
Good morning. Thank you for attending today's ICE Second Quarter 2026 Earnings Conference call and webcast. My name is Makaya, and I'll be the moderator for today's call. All lines will be muted in the presentation portion of the call with an opportunity for your questions and answers at the end. At this time, I'll let to pass the call over to our host, Steve Eagerton. Steve, you may begin today's call. Good morning. ICE's Second Quarter 2026 earnings release The 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 2025 Form 10-K , 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 will find a reconciliation to the equivalent GAAP term in the 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 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. Also, we will be discussing our recently announced acquisition of Market Access. ICE, Market Access, and the...