Intercontinental Exchange (ICE) has reported strong full-year 2024 results, marking its 19th consecutive year of record revenues. The company's net revenues for 2024 amounted to $9.3 billion, representing a 16% year-over-year increase.
The GAAP diluted EPS for 2024 stood at $4.78, reflecting a 14% increase from the previous year. On an adjusted basis, the diluted EPS was $6.07, which is an 8% year-over-year rise.
ICE achieved record operating income of $4.3 billion in 2024, marking a 17% increase from the previous year. Adjusted operating income also reached a record high of $5.5 billion, reflecting a 16% year-over-year growth. The company's operating margin for 2024 was 46%, while the adjusted operating margin was 59%.
Furthermore, ICE reported record annual operating cash flow of $4.6 billion, signifying a substantial 30% increase year-over-year. Additionally, the company achieved record adjusted free cash flow of over $3.6 billion, marking a 13% increase from the previous year.
Looking ahead, ICE anticipates resuming share repurchases in the first quarter of the year.
In the fourth quarter of 2024, ICE reported consolidated net income of $698 million on $2.3 billion of consolidated revenues less transaction-based expenses. The GAAP diluted EPS for the quarter was $1.21, while the adjusted net income attributable to ICE was $875 million, with adjusted diluted EPS of $1.52.
For the full year of 2024, ICE's consolidated net income amounted to $2.8 billion on $9.3 billion of consolidated revenues less transaction-based expenses. The full-year 2024 GAAP diluted EPS of $4.78 represented a 14% year-over-year increase. On an adjusted basis, the net income attributable to ICE for the year was $3.5 billion, with adjusted diluted EPS at $6.07, reflecting an 8% year-over-year rise. Following these announcements, the company's shares moved 4.4%, and are now trading at a price of $167.82. Check out the company's full 8-K submission here.
