Intercontinental Exchange · Earnings release · 8-K Exhibit 99

Intercontinental Exchange Reports Record First

• Record 1Q26 net revenues of $3.0 billion, +20% y/y

• 1Q26 GAAP diluted earnings per share (EPS) of $2.48, +80% y/y

• Record 1Q26 operating income of $1.7 billion, +36% y/y; record

adj. operating income of $1.9 billion, +29% y/y

• 1Q26 operating margin of 56%; adj. operating margin of 65%

• T1Through March 31, 2026, returned $848 million to stockholders,

including over $550 million in share repurchases

Jeff Sprecher,

ICE Chair & Chief Executive Officer, said,

"T2We are pleased to report record first quarter results, driven by the strength of our diversified platform and the continued trust of our global customers. T3In a quarter marked by significant macroeconomic and geopolitical uncertainty, our customers increasingly relied on our mission-critical markets, data, and technology to navigate complexity and manage risk. T4The breadth of our business model, spanning exchanges, fixed income, and mortgage technology, continues to provide resilience and multiple avenues for growth. As we look to the balance of the year and beyond, ICE is well positioned to serve our customers, drive innovation, and create value for our stockholders."

ATLANTA & NEW YORK, April 30,

2026 - Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today reported financial results

for the first quarter of 2026. For the quarter ended March 31, 2026, consolidated net income attributable to ICE was $1.4 billion on $3.0

billion of consolidated revenues, less transaction-based expenses. First quarter GAAP diluted EPS were $2.48. Adjusted net income attributable

to ICE was $1.3 billion in the first quarter and adjusted diluted EPS were $2.35. 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: "ICE's first

quarter results reflect the durability and quality of our business model, delivering record revenues and record operating income. Our

strong cash flows enabled us to return $848 million to stockholders, including over $550 million in share repurchases, while also investing

in strategic growth initiatives and maintaining leverage within our target range. Looking ahead, we remain focused on disciplined investment,

operational rigor, and creating value for our stockholders."

First Quarter 2026 Business Highlights

First quarter consolidated net revenues were $3.0 billion including

exchange net revenues of $1.8 billion, fixed income and data services revenues of $657 million and mortgage technology revenues of $539

million. Consolidated operating expenses were $1.3 billion for the first quarter of 2026. On an adjusted basis, consolidated operating

expenses were $1.0 billion. Consolidated operating income for the first quarter was $1.7 billion, and the operating margin was 56%. On

an adjusted basis, consolidated operating income for the first quarter was $1.9 billion, and the adjusted operating margin was 65%.

$ (in millions)

Net Revenues

Op Margin

Adj Op Margin

Exchanges

$

%

%

Fixed Income and Data Services

$

%

%

Mortgage Technology

$

(2

)%

%

Consolidated

$

%

%

% Chg

Recurring Revenues

$

$

7

%

Transaction Revenues, net

$

$

%

Exchanges Segment Results

First quarter exchange net revenues were $1.8 billion. Exchange operating

expenses were $378 million, and adjusted operating expenses were $362 million in the first quarter. Segment operating income for the first

quarter was $1.4 billion, and the operating margin was 79%. On an adjusted basis, operating income was $1.4 billion, and the adjusted

operating margin was 80%.

$ (in millions)

% Chg

Const Curr(1)

Revenues, net:

Energy

$

$

%

%

Ags and Metals

%

%

Financials(2)

%

%

Cash Equities and Equity Options, net

3

%

3

%

OTC and Other(3)

(1

)%

(2

)%

Data and Connectivity Services

%

%

Listings

5

%

5

%

Segment Revenues

$

$

%

%

Recurring Revenues

$

$

%

%

Transaction Revenues, net

$

$

%

%

(1) Net revenues in constant currency are calculated holding

both the pound sterling and euro at the average exchange rate from 1Q25, 1.2609 and 1.0531, respectively.

(2) Financials include interest rates and other financial

futures and options.

(3) OTC & Other includes net interest income and fees

on certain clearing margin deposits, regulatory penalties and fines, fees for use of our facilities, regulatory fees charged to member

organizations of our U.S. securities exchanges, designated market maker service fees, exchange member fees, bilateral trading fees, non-exchange

execution revenue, electronic trade document confirmation services, and agriculture grading and certification fees.

Fixed Income and Data Services Segment Results

First quarter fixed income and data services revenues were $657 million.

Fixed income and data services operating expenses were $382 million, and adjusted operating expenses were $346 million in the first quarter.

Segment operating income for the first quarter was $275 million, and the operating margin was 42%. On an adjusted basis, operating income

was $311 million, and the adjusted operating margin was 47%.

$ (in millions)

% Chg

Const Curr(1)

Revenues:

Fixed Income Execution

$

$

—

%

—

%

CDS Clearing

%

%

Fixed Income Data and Analytics

8

%

7

%

Data and Network Technology

%

%

Segment Revenues

$

$

%

9

%

Recurring Revenues

$

$

9

%

8

%

Transaction Revenues

$

$

%

%

(1) Revenues in constant currency are calculated holding

both the pound sterling and euro at the average exchange rate from 1Q25, 1.2609 and 1.0531, respectively.

Mortgage Technology Segment Results

First quarter mortgage technology revenues were $539 million. Mortgage

technology operating expenses were $552 million, and adjusted operating expenses were $327 million in the first quarter. Segment operating

loss for the first quarter was $13 million, and the operating margin was (2)%. On an adjusted basis, operating income was $212 million,

and the adjusted operating margin was 39%.

$ (in millions)

% Chg

Revenues:

Origination Technology

$

$

%

Closing Solutions

%

Servicing Software

1

%

Data and Analytics

1

%

Segment Revenues

$

$

6

%

Recurring Revenues

$

$

1

%

Transaction Revenues

$

$

%

Other Matters

•

Operating cash flow through the first quarter of 2026 was $1.3 billion and adjusted free cash flow was $1.2 billion.

•

Unrestricted cash was $863 million and outstanding debt was $20.4 billion as of March 31, 2026.

•

Through the first quarter of 2026, ICE repurchased $551 million of its common stock and paid$297 million in dividends.

Updated Financial Guidance

•

G1T5ICE's full year 2026 GAAP operating expenses are expected to be in a range of $5.095 billion to $5.145 billion. G2Adjusted operating

expenses(1) are expected to be in a range of $4.145 billion to $4.195 billion.

•

G3ICE's second quarter 2026 GAAP operating expenses are expected to be in a range of $1.280 billion to $1.290 billion. G4Adjusted operating

expenses(1) are expected to be in a range of $1.030 billion to $1.040 billion.

•

G5ICE's second quarter 2026 GAAP non-operating expense is expected to be in the range of $160 million to $165 million. G6Adjusted non-operating

expense(2) is expected to be in the range of $180 to $185 million.

•

G7ICE's diluted share count for the second quarter is expected to be in the range of 565 million to 571 million weighted average shares

outstanding.

(1) 2026 and 2Q26 non-GAAP operating expenses exclude amortization

of acquisition-related intangibles and integration expenses.

(2) Adjusted non-operating expense excludes equity earnings from unconsolidated

investees.

Earnings Conference Call Information

ICE will hold a conference call today, April 30, 2026, at 8:30

a.m. ET to review its first quarter 2026 financial results. A live audio webcast of the earnings call will be available on the company's

website at www.ice.com in the investor relations section. Participants may also listen via telephone by dialing 833-470-1428 from the

United States or 404-975-4839 from outside of the United States. Telephone participants are required to provide the participant entry

number 319905 and are recommended to call 10 minutes prior to the start of the call. The call will be archived on the company's website

for replay.

The conference call for the second quarter 2026 earnings has been scheduled

for July 30th, 2026 at 8:30 a.m. ET. Please refer to the Investor Relations website at www.ir.theice.com for additional information.

Historical futures, options and cash ADV, rate per contract, open interest

data and CDS cleared information can be found at: https://ir.theice.com/investor-resources/supplemental-information/default.aspx

Consolidated Statements of Income

(In millions, except per share amounts)

(Unaudited)

Three Months Ended March 31,

Revenues:

Exchanges

$

$

Fixed income and data services

Mortgage technology

Total revenues

Transaction-based expenses:

Section 31 fees

—

Cash liquidity payments, routing and clearing

Total revenues, less transaction-based expenses

Operating expenses:

Compensation and benefits

Professional services

Acquisition-related transaction and integration costs

Technology and communication

Rent and occupancy

Selling, general and administrative

Depreciation and amortization

Total operating expenses

Operating income

Other income/(expense):

Interest income

Interest expense

)

)

Other income, net

Total other income/(expense), net

)

Income before income tax expense

Income tax expense

Net income

$

$

Net income attributable to non-controlling interests

)

)

Net income attributable to Intercontinental Exchange, Inc.

$

$

Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders:

Basic

$

$

Diluted

$

$

Weighted average common shares outstanding:

Basic

Diluted

Consolidated Balance Sheets

(In millions)

As of

(Unaudited)

As of

Assets:

Current assets:

Cash and cash equivalents

$

$

Short-term restricted cash and cash equivalents

Short-term restricted investments

Cash and cash equivalent margin deposits and guaranty funds

Invested deposits, delivery contracts receivable and unsettled variation margin

Customer accounts receivable, net

Prepaid expenses and other current assets

Total current assets

Property and equipment, net

Other non-current assets:

Goodwill

Other intangible assets, net

Long-term restricted cash and cash equivalents

Long-term restricted investments

Other non-current assets

Total other non-current assets

Total assets

$

$

Liabilities and Equity:

Current liabilities:

Accounts payable and accrued liabilities

$

$

Accrued salaries and benefits

Deferred revenue

Short-term debt

Margin deposits and guaranty funds

Invested deposits, delivery contracts payable and unsettled variation margin

Other current liabilities

Total current liabilities

Non-current liabilities:

Non-current deferred tax liability, net

Long-term debt

Accrued employee benefits

Non-current operating lease liability

Other non-current liabilities

Total non-current liabilities

Total liabilities

Commitments and contingencies

Redeemable non-controlling interest in consolidated subsidiaries

Equity:

Intercontinental Exchange, Inc. stockholders’ equity:

Common stock

7

7

Treasury stock, at cost

)

)

Additional paid-in capital

Retained earnings

Accumulated other comprehensive loss

)

)

Total Intercontinental Exchange, Inc. stockholders’ equity

Non-controlling interest in consolidated subsidiaries

Total equity

Total liabilities and equity

$

$

Non-GAAP

Financial Measures and Reconciliation

We use non-GAAP measures internally to evaluate our performance and in making

financial and operational decisions. When viewed in conjunction with our GAAP results and the accompanying reconciliation, we believe

that our presentation of these measures provides investors with greater transparency and a greater understanding of factors affecting

our financial condition and results of operations than GAAP measures alone. In addition, we believe the presentation of these measures

is useful to investors for period-to-period comparison of results because the items described below as adjustments to GAAP are not reflective

of our core business performance. These financial measures are not in accordance with, or an alternative to, GAAP financial measures and

may be different from non-GAAP measures used by other companies. We use these adjusted results because we believe they more clearly highlight

trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures, since these measures eliminate

from our results specific financial items that have less bearing on our core operating performance. We strongly recommend that investors

review the GAAP financial measures and additional non-GAAP information included in our Quarterly Report on Form 10-Q, including our consolidated

financial statements and the notes thereto.

Adjusted operating expenses, adjusted operating income, adjusted operating

margin, adjusted net income attributable to ICE common stockholders, adjusted diluted earnings per share and adjusted free cash flow for

the periods presented below are calculated by adding or subtracting the adjustments described below, which are not reflective of our cash

operations and core business performance, and their related income tax effect and other tax adjustments (in millions, except for per share

amounts):

Adjusted Operating Income, Operating Margin

and Operating Expense Reconciliation

(In millions)

(Unaudited)

Exchanges Segment

Fixed Income and Data Services Segment

Mortgage Technology Segment

Consolidated

Three Months Ended March 31,

Total revenues, less transaction-based expenses

$

$

$

$

$

$

$

$

Operating expenses

Less: Amortization of acquisition-related intangibles

Less: Transaction and integration costs

—

—

—

—

Less: Regulatory matter

—

4

—

—

—

—

—

4

Adjusted operating expenses

$

$

$

$

$

$

$

$

Operating income/(loss)

$

$

$

$

$

)

$

)

$

$

Adjusted operating income

$

$

$

$

$

$

$

$

Operating margin

%

%

%

%

(2

)%

(5

)%

%

%

Adjusted operating margin

%

%

%

%

%

%

%

%

Adjusted Net Income Attributable to ICE and

Diluted EPS

(In millions)

(Unaudited)

Net income attributable to ICE

$

$

Add: Amortization of acquisition-related intangibles

Add: Transaction and integration costs

Add: Regulatory matter

—

4

Less: Net income from unconsolidated investees

)

)

Less: Fair value adjustments of equity investments

)

—

Add/(less): Income tax effect for the above items

)

Add: Deferred tax adjustments on acquisition-related intangibles

3

Adjusted net income attributable to ICE

$

$

Diluted earnings per share attributable to ICE common stockholders

$

$

Adjusted diluted earnings per share attributable to ICE common stockholders

$

$

Diluted weighted average common shares outstanding

Adjusted Free Cash Flow Calculation

(In millions)

(Unaudited)

Net cash provided by operating activities

$

$

Less: Capital expenditures

)

)

Less: Capitalized software development costs

)

)

Free cash flow

$

$

Add: Section 31 fees, net

—

Adjusted free cash flow

$

$

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is

a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology

and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and

efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses

help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental

products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers

streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial

consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms,

streamlines and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include

Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual

property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at https://www.ice.com/privacy-security-center/terms-of-use.

Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can

be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities

Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking

statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual

results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC)

filings, including, but not limited to, the risk factors in Intercontinental Exchange, Inc.’s Annual Report on Form 10-K for the

year ended December 31, 2025, as filed with the SEC on February 5, 2026. We caution you not to place undue reliance

on these forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we

undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which

such statement is made or to reflect the occurrence of an unanticipated event. New factors emerge from time to time, and it is not possible

for management to predict all factors that may affect our business and prospects. Further, management cannot assess the impact of each

factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from

those contained in any forward-looking statements.

SOURCE: Intercontinental Exchange

Category: Corporate

ICE Investor Relations Contact:

Steve Eagerton

steve.eagerton@ice.com

investors@ice.com

ICE Media Contact:

Rebecca Mitchell

rebecca.mitchell@ice.com

media@ice.com