Correction, 18 September 2026: an earlier version of this post described April 30 as the end of the quarter. It is the date the results were reported.
What changed
$ICE reported results on April 30, 2026. EPS came in at $2.35, up from $1.72 in the same period a year earlier — a 36.6% year-over-year increase. Revenue grew 20.4% over the same stretch. Both figures represent meaningful acceleration for a company of $ICE's scale.
The ACCE score sits at 66/100. The breakdown tells a specific story: Growth scores 88, Quality scores 86, Value scores 56, and Momentum scores 32. The high Growth and Quality readings line up with what the earnings report shows — strong top-line expansion paired with a net margin of 37.7% and an ROE of 13.9%. The low Momentum score at 32 reflects the stock's recent trajectory; $ICE is down 16.3% over the past year.
Recibe el resumen semanal de ACCE
Rentabilidad de los índices, repaso de las selecciones y los mayores cambios de puntuación, cada domingo. Sin relleno.
What it means
The earnings numbers are genuinely strong. A 36.6% EPS gain alongside 20.4% revenue growth means $ICE expanded margins during the quarter, not just the top line. A net margin of 37.7% is high for financial services infrastructure, and a free cash flow yield of 5.1% at the current price of $154.66 suggests the business converts earnings into cash at a healthy rate.
The valuation picture is more complicated. The trailing P/E of 21.6 and forward P/E of 22.8 are not stretched in absolute terms, but the six-model fair value estimate from ACCE sits at $142.75 — roughly 7.7% below the current price of $154.66. That gap means the stock is pricing in continued execution. The analyst consensus target of $181.93 points in the opposite direction, implying meaningful upside from here. The two views bracket a wide range of outcomes.
The Value score of 56 reflects that tension. $ICE is not cheap by the models' read, even after a year that saw the stock lose ground. The Quality score of 86 confirms the underlying business is sound — earnings quality is flagged as strong, and the fundamentals in this report back that up.
No guidance commentary is available from this data, so it is not possible to say how management expects the rest of the year to develop. The 1.3% dividend yield adds a modest income component while investors wait for the Momentum score to recover.
For the current price and full score detail, see acceinvestments.com/stocks/ICE.
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