ICE registers net income of $1.93bn in FY2019

Maria Nikolova

Net income for FY19 was slightly down from $1.99 billion registered a year earlier.

Operator of global exchanges and clearing houses and provider of data and listings services Intercontinental Exchange Inc (NYSE:ICE) has earlier today posted its financial report for the final quarter and full year 2019.

Net income attributable to ICE amounted to $448 million in the final quarter of 2019, down from $611 million in the year-ago period. The annual net income for 2019 was $1.933 billion, down from $1.988 billion a year earlier.

Revenues less transaction-based expenses amounted to $1.3 billion in the fourth quarter of 2019, unchanged from the equivalent period a year earlier. Annual revenues for 2019 totalled $5.2 billion, up from $4.98 billion a year earlier.

Fourth quarter data and listings revenues were $672 million, including data revenues of $559 million and listings revenues of $113 million. Segment operating income for the fourth quarter was $297 million and the operating margin was 44%.

Full year 2019 data and listings revenues were $2.7 billion, including data revenues of $2.2 billion, up 5% year-over-year, and listings revenues of $449 million, up 1% year-over-year. Data and listings operating expenses were $1.5 billion and on an adjusted basis, were $1.3 billion for the year. Segment operating income for the full year was $1.2 billion and the operating margin was 44%.

Fourth quarter trading and clearing net revenues were $626 million. Segment operating income for the fourth quarter was $325 million and the operating margin was 52%.

Full year 2019 trading and clearing net revenues were $2.5 billion, up 5% from the previous year. Segment operating income for the year was $1.5 billion and the operating margin was 59%. On an adjusted basis, operating income was $1.6 billion and the adjusted operating margin was 64%.

Energy futures and options revenue for the full year 2019 increased 3% year-over-year driven by a 6% increase in RPC, partially offset by a 3% decrease in ADV.

Ags and metals futures and options revenue for the full year 2019 was flat year-over-year driven by a 4% increase in ADV, partially offset by a 4% decrease in RPC.

Financials futures and options revenue for the full year 2019 decreased 6% year-over-year driven by a 11% decrease in ADV, partially offset by a 6% increase in RPC.

U.S. cash equities and equity options revenue for the full year 2019 decreased 9% year-over-year driven by a 6% decrease in equity options ADV and an 8% and 5% decrease in U.S. cash equities and equity options RPC, respectively.

Fixed income and credit revenue for the full year 2019 increased 52% year-over-year driven in part by the addition of BondPoint, TMC Bonds, MERS and Simplifile.

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