The company said it reported consolidated revenues less transaction-based expenses of $8.0 billion for full-year 2023, up 10% from a year earlier, with GAAP diluted EPS of $4.19 (up 62%) and adjusted diluted EPS of $5.62 (up 6%).

1. 01

   The company said it reported consolidated revenues less transaction-based expenses of $8.0 billion for full-year 2023, up 10% from a year earlier, with GAAP diluted EPS of $4.19 (up 62%) and adjusted diluted EPS of $5.62 (up 6%).

2. 02

   ICE said full-year 2023 operating income was $3.7 billion (operating margin of 46%) and adjusted operating income was $4.7 billion (adjusted operating margin of 59%). Net revenue by segment was $4.4 billion for Exchanges, $2.2 billion for Fixed Income and Data Services, and $1.3 billion for Mortgage Technology.

3. 03

   The company said operating cash flow for 2023 was $3.5 billion, adjusted free cash flow was $3.2 billion, and dividends paid were $955 million. As of December 31, 2023, unrestricted cash was $899 million and outstanding debt was $22.6 billion.

4. 04

   ICE gave GAAP operating expenses guidance of $4.775 to $4.820 billion for 2024, capital expenditures of $600 to $650 million, and an effective tax rate of 24% to 26%. For 2024, it said it expects low-single-digit growth in Exchange recurring revenue and low-to-mid single-digit growth in Mortgage Technology revenue.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.