ICE Q4 Deep Dive: Diversified Revenue Growth and Strategic Tech Investments Shape Outlook

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Intercontinental Exchange (ICE) exceeded Q4 CY2025 revenue and non-GAAP EPS expectations, driven by broad-based growth in its exchange, fixed income, and mortgage technology segments. The company highlighted strong recurring revenue expansion, strategic investments in AI and technology infrastructure, and significant cost synergies from the Black Knight acquisition. Future performance is expected to be fueled by data and AI-led growth, while navigating the normalization of mortgage technology trends and progressing on the NYSE tokenization initiative.

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