Pending Acquisition of MarketAxess Holdings Inc.
On July 29, 2026, ICE entered into a definitive agreement to acquire MarketAxess Holdings Inc. for approximately $6.0B ($167 per share) in an all-cash transaction. The deal is backed by a 364-day senior unsecured bridge facility of up to $6.2B and is expected to close in H1 2027.
Exchanges Segment Performance Driven by Volatility
Exchanges segment revenues reached $2.41B in Q2 FY2026, up 13% YoY, supported by a 21% YoY increase in financial futures and options revenues ($192M) and a 29% YoY rise in cash equities and equity options revenues ($1.09B) due to heightened geopolitical and market volatility.
Turnaround in Mortgage Technology Operating Profitability
Operating income for the Mortgage Technology segment recovered to $32M for the first six months of FY2026 compared to an operating loss of $(16)M in the prior-year period, despite high mortgage interest rates continuing to weigh on transaction-based volumes.