Hot start to 2018 for ICE
03 May 2018 Atlanta
Image: Shutterstock
Intercontinental Exchange, the operator of global exchanges and clearing houses and provider of data and listing services, has reported that Q1 2019 consolidated revenues, less transaction-based expenses, were $1.2 billion.
The results also showed that trading and clearing segment revenues, less transaction-based expenses, were $596 million in Q1 2018, up 11 percent compared to the previous Q1.
Data and listings segment revenues were $629 million in Q1 2018, including data services revenues of $520 million, and listings revenues of $109 million.
Consolidated operating expenses were $575 million for Q1 2018.
On an adjusted basis, consolidated operating expenses were $494 million. Consolidated operating income for Q1 was $650 million and the operating margin was 53 percent. The effective tax rate for the first quarter was 23 percent.
Unrestricted cash was $523 million and outstanding debt was $6.9 billion as of 31 March this year.
ICE chairman and CEO Jeffrey Sprecher said the results were strong across trading and clearing and data and listings segments.
Sprecher said: "We completed our strategic acquisition of BondPoint while also generating solid organic growth, as customers' demand of our comprehensive suite of multi-asset class workflow and risk management solutions continues to increase.鈥�
Scott Hill, chief financial officer, echoed those sentiments, commenting: "Our Q1 performance produced revenue growth, margin expansion and strong cash flow allowing us to return nearly $540 million to stockholders through April, up 28 percent compared to the prior year.鈥�
鈥淭his year is off to a promising start and we are well positioned to build on our proven track record of growth, customer service and value creation for our stockholders."
The results also showed that trading and clearing segment revenues, less transaction-based expenses, were $596 million in Q1 2018, up 11 percent compared to the previous Q1.
Data and listings segment revenues were $629 million in Q1 2018, including data services revenues of $520 million, and listings revenues of $109 million.
Consolidated operating expenses were $575 million for Q1 2018.
On an adjusted basis, consolidated operating expenses were $494 million. Consolidated operating income for Q1 was $650 million and the operating margin was 53 percent. The effective tax rate for the first quarter was 23 percent.
Unrestricted cash was $523 million and outstanding debt was $6.9 billion as of 31 March this year.
ICE chairman and CEO Jeffrey Sprecher said the results were strong across trading and clearing and data and listings segments.
Sprecher said: "We completed our strategic acquisition of BondPoint while also generating solid organic growth, as customers' demand of our comprehensive suite of multi-asset class workflow and risk management solutions continues to increase.鈥�
Scott Hill, chief financial officer, echoed those sentiments, commenting: "Our Q1 performance produced revenue growth, margin expansion and strong cash flow allowing us to return nearly $540 million to stockholders through April, up 28 percent compared to the prior year.鈥�
鈥淭his year is off to a promising start and we are well positioned to build on our proven track record of growth, customer service and value creation for our stockholders."
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