Key facts
- ICE Mortgage Technology achieved its strongest quarterly performance since early 2022.
- Total revenue for ICE Mortgage Technology in Q2 was $557 million, up 5% from the prior year.
- ICE acquired MarketAxess Holdings Inc. for an enterprise value of $5.7 billion.
- Consolidated net income attributable to ICE was $958 million in the second quarter.
Intercontinental Exchange Inc. (ICE), operator of the New York Stock Exchange, reported its strongest quarterly performance for its mortgage technology business since the first half of 2022 during the second quarter of 2026. The company's ICE Mortgage Technology division generated $557 million in revenue, a 5% increase year-over-year, driven primarily by servicing software and origination technology.
During the profitable quarter, ICE also announced its acquisition of MarketAxess Holdings Inc., an electronic trading platform for global institutional fixed income markets, for an enterprise value of $5.7 billion. ICE President Benjamin Jackson highlighted the company's role in processing approximately 90% of mortgages and its ongoing development of AI-powered servicing agents and workflow automation in loan origination systems.
Consolidated net income attributable to ICE for the second quarter was $958 million, up from $865 million in the same period last year. ICE CEO Jeffrey Sprecher stated that the MarketAxess acquisition aims to extend ICE's growth into the global fixed income market, building on the company's strategy to reduce market opacity and inefficiency.