Intercontinental Exchange stock trades at EUR 163.00 after Q3 targets

Intercontinental Exchange stock traded at 163.00 euros on Lang & Schwarz at 11:00 p.m. CET on Wednesday, November 11, 2026. The late-session quote gives investors a current reference after the exchange operator reported strong third-quarter operating trends and raised several full-year targets.

Strong quarter lifts operating targets

Stockrow's earnings analysis says third-quarter revenue reached 2.8 billion US dollars, above the 2.7 billion US dollar consensus. Adjusted earnings per share came to 2.02 US dollars, compared with an expected 1.97 US dollars.

Revenue increased 14.7 percent from a year earlier. Exchanges net revenue rose 22 percent as transaction activity expanded across energy, interest rates, agriculture and metals. Fixed Income and Data Services revenue increased 9 percent, while Mortgage Technology revenue grew 4 percent.

Guidance points to recurring growth

Management now expects exchange recurring revenue to grow by approximately 9 percent in 2026. Fixed Income and Data Services recurring revenue is expected to increase by approximately 8 percent, at the top of the previous range.

Capital spending is now expected to reach approximately 1.5 billion US dollars in 2026, up from an earlier 850 million US dollar plan. Stockrow attributes the increase mainly to an expected fourth-quarter campus purchase, with data-center and other real-estate spending also contributing.

MarketAxess remains a key catalyst

Intercontinental Exchange expects its MarketAxess acquisition to close in the first quarter of 2027 after approval from the US Department of Justice. The transaction and its integration remain important execution factors for investors alongside the company's expansion in exchange activity, market data and clearing.

Business spans trading infrastructure

Intercontinental Exchange operates exchanges, clearing houses and listing platforms across financial and commodity markets. Its activities also include market data, fixed-income services and mortgage technology, giving the group exposure to transaction activity as well as recurring service revenue. The breadth of these operations makes ICE a diversified exchange and financial-market infrastructure provider rather than a single-venue operator.

The S&P 500 remains the broader market backdrop for US-listed financial-market infrastructure companies.

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