Intercontinental Exchange · Earnings release · 8-K Exhibit 99

Intercontinental Exchange Reports Second Quarter

· T12Q26 net revenues of $2.7 billion, +5% y/y

Jeff Sprecher,

ICE Chair & Chief Executive Officer, said,

"We are pleased to report our second quarter results, which reflect continued revenue and earnings per share growth and record open interest

across our exchange complex. Against a backdrop of rapid change in global markets, our customers continued to turn to ICE's regulated

markets, trusted data and mission- critical technology to transfer risk. As markets become more global, digital and continuous, T2the opportunities

for our all-weather model continue to expand. As we look to the second half of the year and beyond, we remain focused on innovation, durable

growth and long-term value creation for our stockholders."

· 2Q26 GAAP diluted earnings per share (EPS) of $1.69, +14% y/y

· 2Q26 operating income of $1.4 billion, +7% y/y; adj. operating income of $1.6 billion, +4% y/y

· 2Q26 operating margin of 52%; T3adj. operating margin of 61%

· Through June 30, 2026, returned $1.8 billion to stockholders, including $1.2 billion in share repurchases

· T4Board approved increase in share repurchase authorization up to $4.0 billion, effective July 1, 2026

ATLANTA &

NEW YORK, July 30, 2026 - Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today

reported financial results for the second quarter of 2026. For the quarter ended June 30, 2026, consolidated net income attributable

to ICE was $958 million on $2.7 billion of consolidated revenues, less transaction-based expenses. Second quarter GAAP diluted EPS were

$1.69. Adjusted net income attributable to ICE was $1.1 billion in the second quarter and adjusted diluted EPS were $1.90. 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: "Our

second quarter results reflect the continued strength and consistency of our business model, with T5growth across all three of our operating

segments and strong free cash flow generation. During the quarter we returned $945 million to stockholders, including $651 million of

share repurchases, while continuing to invest across the platform. Share repurchases remain a priority, and the strength of our free cash

flow lets us continue them alongside disciplined investment in strategically important opportunities. T6That balance reflects the capital

discipline and financial rigor that have defined ICE's long track record of value creation for our stockholders."

1

Second Quarter 2026 Business Highlights

Second quarter consolidated net revenues were $2.7 billion including

exchange net revenues of $1.5 billion, fixed income and data services revenues of $645 million and mortgage technology revenues of $557

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

expenses were $1.0 billion. Consolidated operating income for the second quarter was $1.4 billion, and the operating margin was 52%. On

an adjusted basis, consolidated operating income for the second quarter was $1.6 billion, and the adjusted operating margin was 61%.

$ (in millions)

Net

Revenues

Op

Margin

Adj Op

Margin

Exchanges

$

%

%

Fixed Income and Data Services

$

%

%

Mortgage Technology

$

8

%

%

Consolidated

$

%

%

% Chg

Recurring Revenues

$

$

8

%

Transaction Revenues, net

$

$

2

%

Exchanges Segment Results

Second quarter exchange net revenues were $1.5 billion. Exchange operating

expenses were $386 million, and adjusted operating expenses were $370 million in the second quarter. Segment operating income for the

second quarter was $1.1 billion, and the operating margin was 74%. On an adjusted basis, operating income was $1.1 billion, and the adjusted

operating margin was 75%.

2

$ (in millions)

% Chg

Const

Curr(1)

Revenues, net:

Energy

$

$

)%

)%

Ags and Metals

%

%

Financials(2)

%

%

Cash Equities and Equity Options, net

%

%

OTC and Other(3)

%

%

Data and Connectivity Services

%

%

Listings

5

%

5

%

Segment Revenues

$

$

3

%

3

%

Recurring Revenues

$

$

%

%

Transaction Revenues, net

$

$

1

%

1

%

(1) Net revenues in constant currency are calculated

holding both the pound sterling and euro at the average exchange rate from 2Q25, 1.3353 and 1.1338, 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

Second quarter fixed income and data services revenues were $645 million.

Fixed income and data services operating expenses were $377 million, and adjusted operating expenses were $350 million in the second quarter.

Segment operating income for the second quarter was $268 million, and the operating margin was 42%. On an adjusted basis, operating income

was $295 million, and the adjusted operating margin was 46%.

3

$ (in millions)

% Chg

Const

Curr(1)

Revenues:

Fixed Income Execution

$

$

(4

)%

(4

)%

CDS Clearing

2

%

1

%

Fixed Income Data and Analytics

9

%

9

%

Data and Network Technology

%

%

Segment Revenues

$

$

8

%

8

%

Recurring Revenues

$

$

%

%

Transaction Revenues

$

$

—%

—%

(1) Revenues in constant currency are calculated holding

both the pound sterling and euro at the average exchange rate from 2Q25, 1.3353 and 1.1338, respectively.

Mortgage Technology Segment Results

Second quarter mortgage technology revenues were $557 million. Mortgage

technology operating expenses were $512 million, and adjusted operating expenses were $318 million in the second quarter. Segment operating

income for the second quarter was $45 million, and the operating margin was 8%. On an adjusted basis, operating income was $239 million,

and the adjusted operating margin was 43%.

$ (in millions)

% Chg

Revenues:

Origination Technology

$

$

5

%

Closing Solutions

%

Servicing Software

2

%

Data and Analytics

6

%

Segment Revenues

$

$

5

%

Recurring Revenues

$

$

3

%

Transaction Revenues

$

$

%

4

Other Matters

·

Operating cash flow through the second quarter of 2026 was $3.3 billion and T7adjusted free cash flow was $2.6 billion.

·

Unrestricted cash was $1.1 billion and outstanding debt was $19.8 billion as of June 30, 2026.

·

Through the second quarter of 2026, ICE repurchased $1.2 billion of its common stock and paid $591 million in dividends.

·

Board approved increase in share repurchase authorization up to $4.0 billion, effective July 1, 2026

Updated Financial Guidance

GAAP

Non-GAAP

2026 Exchange Recurring Revenue

(% growth)

High-single digits

G12026 Fixed Income & Data Services Recurring Revenue (% growth)

G4G53Q26 Operating Expenses

G6G73Q26 Non-Operating Expense

G93Q26 Weighted Average Shares Outstanding

(1) 2026 non-GAAP operating expenses excludes amortization of

acquisition-related intangibles, integration expenses, and regulatory matters.

(2) 3Q26 non-GAAP operating expenses excludes amortization of

acquisition-related intangibles.

(3) Adjusted non-operating expense excludes equity earnings from

unconsolidated investees.

5

Earnings Conference Call Information

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

a.m. ET to review its second 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 646-844-6383 from outside of the United States. Telephone participants are required to provide the participant entry

number 769427 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 third quarter 2026 earnings has been scheduled

for October 29th, 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

6

Consolidated Statements of Income

(In millions, except per share amounts)

(Unaudited)

Six Months Ended June 30,

Three Months Ended June 30,

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

5

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

7

Consolidated Balance Sheets

(In millions)

As of

As of

(Unaudited)

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

$

$

Section 31 fees payable

—

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

$

$

8

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):

9

Adjusted Operating Income, Operating Margin

and Operating Expense Reconciliation

(In millions)

(Unaudited)

Exchanges

Segment

Fixed Income

and Data

Services

Segment

Mortgage

Technology

Segment

Consolidated

Six Months Ended June 30,

Total revenues, less transaction-based expenses

$

$

$

$

$

$

$

$

Operating expenses

Less: Amortization of acquisition-related intangibles

Less: Transaction and integration costs

—

—

—

—

Less/(Add): Regulatory matters

—

4

)

—

—

—

)

4

Adjusted operating expenses

$

$

$

$

$

$

$

$

Operating income/(loss)

$

$

$

$

$

$

)

$

$

Adjusted operating income

$

$

$

$

$

$

$

$

Operating margin

%

%

%

%

3

%

(2

)%

%

%

Adjusted operating margin

%

%

%

%

%

%

%

%

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 June 30,

Total revenues, less transaction-based expenses

$

$

$

$

$

$

$

$

Operating expenses

Less: Amortization of acquisition-related intangibles

Less: Transaction and integration costs

—

—

—

—

Add: Regulatory matter

—

—

)

—

—

—

)

—

Adjusted operating expenses

$

$

$

$

$

$

$

$

Operating income

$

$

$

$

$

$

$

$

Adjusted operating income

$

$

$

$

$

$

$

$

Operating margin

%

%

%

%

8

%

2

%

%

%

Adjusted operating margin

%

%

%

%

%

%

%

%

Adjusted Net Income

Attributable to ICE and Diluted EPS

(In millions)

(Unaudited)

Six Months

Ended June 30,

Six Months

Ended June 30,

Net income attributable to ICE

$

$

Add: Amortization of acquisition-related intangibles

Add: Transaction and integration costs

(Less)/Add: Regulatory matters

)

4

Less: Net income from unconsolidated investees

)

)

Less: Fair value adjustments of equity investments

)

(2

)

Less: Income tax effect for the above items

(5

)

)

Add: Deferred tax adjustments on acquisition-related intangibles

6

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 Net Income

Attributable to ICE and Diluted EPS

(In millions)

(Unaudited)

Three Months

Ended June 30,

Three Months

Ended June 30,

Net income attributable to ICE

$

$

Add: Amortization of acquisition-related intangibles

Add: Transaction and integration costs

Less: Regulatory matter

)

—

Less: Net income from unconsolidated investees

)

(6

)

Less: Fair value adjustments of equity investments

)

(2

)

Less: Income tax effect for the above items

)

)

Add: Deferred tax adjustments on acquisition-related intangibles

3

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)

Six Months Ended

Six Months Ended

Net cash provided by operating activities

$

$

Less: Capital expenditures

)

)

Less: Capitalized software development costs

)

)

Free cash flow

$

$

Less: 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