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![Intercontinental Exchange, Inc. [ICE] reports annual net loss of $2.4 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FICE.png&w=1200&q=75)
Intercontinental Exchange, Inc. [ICE] has reported a net loss of $2.4 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $9.9 billion
Based in Atlanta, Georgia, Intercontinental Exchange, Inc. operates in the FINANCE sector.
In the consolidated statements of income for the fiscal year ended December 31, 2023, Intercontinental Exchange, Inc. reported total revenues of $9.903 billion, showing an increase compared to the previous year where revenues were $9.636 billion. After deducting transaction-based expenses, total revenues stood at $7.988 billion for the current year, up from $7.292 billion in the prior year.
Operating expenses also saw an increase, with total operating expenses reaching $4.294 billion in the current year, compared to $3.654 billion in the previous year. This led to an operating income of $3.694 billion for the current year, slightly higher than the $3.638 billion reported in the same period last year.
Other income/(expense) showed a significant improvement, with a net figure of $(800) million for the current year, as opposed to $(1.830) billion in the previous year.
Income before income tax expense saw a substantial increase to $2.894 billion in the current year compared to $1.808 billion in the previous year. Net income attributable to Intercontinental Exchange, Inc. also rose to $2.368 billion in the current year from $1.446 billion in the previous year.
Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders also exhibited growth, with basic earnings per share at $4.20 for the current year, compared to $2.59 in the previous year. Diluted earnings per share stood at $4.19 for the current year, up from $2.58 in the previous year.
In terms of revenue from specific business segments, the exchanges segment reported total revenues of $6.355 billion for the current year, showing a slight decrease from the previous year's $6.415 billion. The fixed income and data services segment saw an increase in total revenues to $2.231 billion in the current year from $2.092 billion in the previous year. Similarly, the mortgage technology segment reported total revenues of $1.317 billion in the current year, which was higher than the $1.129 billion reported in the previous year.
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