Key facts
- ICE Mortgage Technology revenue grew 4% year-over-year to $549 million in Q3 2026.
- Operating income for mortgage technology was $13 million with a 2% margin.
- Annualized expense synergies from the Black Knight acquisition are projected to reach $270 million by year-end 2026.
Intercontinental Exchange Inc. (ICE) reported a 4% increase in third-quarter mortgage technology revenue, reaching $549 million, driven by renewed deals with Wells Fargo and Freedom Mortgage. The company's mortgage technology operating expenses were $536 million, resulting in $13 million in operating income and a 2% operating margin. Servicing software was the largest revenue contributor at $229 million, followed by origination technology ($189 million), data and analytics ($71 million), and closing solutions ($60 million). ICE also anticipates higher expense synergies from its Black Knight acquisition, now projected at $270 million annually by the end of 2026.