Intercontinental Exchange, Inc. (ICE): Growing the Mortgage Technology Sector with Black Knight Acquisition

Intercontinental Exchange Inc. (ICE) delivered strong financial results for the fourth quarter of 2023, posting a record net revenue of $2.2 billion, representing a 7% increase compared to the same period last year. The record figures were driven by lower compensation expense and accelerated expense synergies which led to earnings per share of $1.33, up 6% year-on-year. This positive momentum was also seen in the company’s full-year results, which disclosed revenues totaling a record $8 billion, marking a 4% increase year-on-year, and a record adjusted earnings per share of $5.62, up 6% compared to 2022.