LEADERS IN FINANCIAL STOCK MARKET

Jeffrey C. Sprecher,
ICE Chair & Chief Executive Officer, said,
"We are pleased to report our third quarter results,
which extend our track record of revenue and earnings
per share growth. Our customers continue to rely on our
mission-critical data and technology to manage risk and
drive efficiency in a dynamic macroeconomic
environment. In early October, we also announced a
strategic investment in Polymarket, a leading prediction
market platform, expanding our footprint into
decentralized prediction markets, which is aligned with
our commitment to providing innovation and data-driven
insights to our customers. As we look to the balance of
the year and beyond, our focus remains on leveraging
our world-class technology, innovative culture, and
operating expertise to better serve our customers and
create value for our stockholders.

 Intercontinental Exchange (NYSE: ICE), a leading global provider
of technology and data, today reported financial results for the third quarter of 2025. For the quarter ended
September 30, 2025, consolidated net income attributable to ICE was $816 million on $2.4 billion of consolidated
revenues, less transaction-based expenses. Third quarter GAAP diluted EPS were $1.42. Adjusted net income
attributable to ICE was $980 million in the third quarter and adjusted diluted EPS were $1.71. Please refer to the
reconciliation of non-GAAP financial measures included in this press release for more information on our
adjusted operating expenses, adjusted operating income, adjusted operating margin, adjusted net income,
adjusted diluted EPS and adjusted free cash flow.
Warren Gardiner, ICE Chief Financial Officer, added: "During 2025, we've generated record revenues and
operating income. This performance enabled us to return over $1.7 billion to stockholders, while also continuing
to invest in strategic growth initiatives. As we look to the balance of 2025 and towards another successful year in
2026, we remain focused on extending our track record of innovation and execution."

Third quarter consolidated net revenues were $2.4 billion including exchange net revenues of $1.3 billion, fixed
income and data services revenues of $618 million and mortgage technology revenues of $528 million.
Consolidated operating expenses were $1.2 billion for the third quarter of 2025. On an adjusted basis,
consolidated operating expenses were $981 million. Consolidated operating income for the third quarter was
$1.2 billion, and the operating margin was 49%. On an adjusted basis, consolidated operating income for the
third quarter was $1.4 billion, and the adjusted operating margin was 59%.

(1) FY 2025 non-GAAP operating expenses exclude amortization of acquisition-related intangibles, a regulatory matter accrual and Black
Knight integration expenses. 4Q 2025 non-GAAP operating expenses exclude amortization of acquisition-related intangibles and Black
Knight integration expenses.
(2) Non-operating expense includes interest income, interest expense and net other income/expense. Non-GAAP non-operating expense
excludes equity earnings/losses from unconsolidated investees.
(3) This represents 2025 full year guidance for both the GAAP and non-GAAP effective tax rates but note that the GAAP effective tax rate is
more susceptible to diverging from this guidance based on items outside the normal course of business that are adjusted for to derive our
non-GAAP results. Such items can be unknown, unpredictable or uncertain, requiring unreasonable efforts to determine with any precision
and which could potentially be confusing or misleading.