Intercontinental Exchange, Inc. (ICE) Reports Financial Results for Q3 2025

Intercontinental Exchange, Inc. (NYSE:ICE) is one of the Best Monopoly Stocks to Buy Now. On October 30, the company reported financial results for Q3 2025, with consolidated net income attributable to the company coming at $816 million. The company’s net revenues stood at $2.4 billion and were supported by 5% rise in recurring revenue.

This recurring revenue growth was helped by the 9% growth in exchange data as well as a 7% rise in fixed income and data services, both demonstrating sustained demand for its high-value proprietary data offerings.

As Intercontinental Exchange, Inc. (NYSE:ICE) continues to enhance its AI capabilities, it has been leveraging 3 core strengths. These include deep operational and complex workflow expertise, highly differentiated proprietary data, as well as the powerful network effects of its platform.

Intercontinental Exchange, Inc. (NYSE:ICE) decreased its debt outstanding by ~$175 million, which led to the reduction in gross leverage to just over 2.9x EBITDA. For Q4 2025, the company expects adjusted operating expenses of between $1.005 billion – $1.015 billion.

Macquarie Asset Management, an investment management company, released its investor letter for Q3 2025. Here is what the fund said:

“At the stock level, the largest relative detractors were not owning Tesla and the Fund’s positions in Intercontinental Exchange, Inc. (NYSE:ICE) and Intuit Inc. ICE, which operates wide moat commodity exchanges, mainly futures and options for energy, as well as a mortgage technology business, fell out of favor during the quarter. Trading volumes slowed in several areas, particularly energy, which offset strength in equities. However, we focus on the long-term structural aspects of the energy market that favor sustained commodity volatility, supporting long-term volume growth. We believe ICE maintains a defendable, industry-leading position across multiple business lines with the potential for favorable long-term trends.”

While we acknowledge the potential of ICE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.