Intercontinental Exchange said revenues, less transaction-based expenses, increased $1.3 billion in 2024 from 2023. The increase in revenues includes $18 million in favorable foreign exchange effects. Operating expenses increased $676 million.

1. 01

   Intercontinental Exchange said revenues, less transaction-based expenses, increased $1.3 billion in 2024 from 2023. The increase in revenues includes $18 million in favorable foreign exchange effects. Operating expenses increased $676 million.

2. 02

   The company said other income/(expense), net, in 2024 primarily includes interest income of $141 million, interest expense of $910 million, estimated equity losses in its investment in Bakkt of $83 million and a gain of $160 million related to the PennyMac arbitration final award payment.

3. 03

   Intercontinental Exchange said total volume in its energy futures and options markets increased 25% and revenues increased 25% in 2024 from 2023. The company cited geopolitical risk in the Middle East and uncertainty regarding oil supply and demand dynamics as factors in the 21% increase in oil futures and options volume.

4. 04

   The company said as of December 31, 2024, it had $20.4 billion in outstanding debt, consisting of $19.8 billion of unsecured senior notes and $529 million in commercial paper. The weighted average interest rate on notes outstanding under its Commercial Paper Program was 4.6%.

Key figures

Fiscal year ended December 31, 2024

Revenue

$11.8B

Operating income

$4.3B

Net income

$2.8B

EPS

$4.78

Operating cash flow

$4.6B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.