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Intercontinental Exchange (ICE) Q4 FY2021 earnings: revenue $2.3 billion, up 4.3% on the year

Intercontinental Exchange, Inc. (ICE) reported revenue of $2.3 billion for Q4 FY2021, the quarter ended 31 December 2021, up 4.3% on the same quarter a year earlier. Net income was $1.5 billion, up 190.3% on the year, and diluted earnings per share $2.70. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2022.

Revenue
$2.3 billion
+4.3% on the year · +2.2% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
37.8%
34.9% a year earlier
Q1 FY2020Q4 FY2021
Net income
$1.5 billion
+190.3% on the year · +141.2% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$2.70
+190.3% on the year · +141.1% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue2,3282,2772,233+2.2%+4.3%
Selling, general and administrative52.0n/an/a
Operating income880878780+0.2%+12.8%
Operating margin37.8%38.6%34.9%
Interest expense102n/an/a
Pre-tax income2,109n/an/a
Income tax580n/an/a
Effective tax rate27.5%n/an/a
Net income1,527633526+141.2%+190.3%
Net margin65.6%n/an/a
Diluted EPS$2.70$1.12$0.93+141.1%+190.3%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow993n/an/a
Capital expenditure62.0n/an/a
Free cash flow931n/an/a
Free cash flow margin40.0%n/an/a
Cash from investing-1,658n/an/a
Cash from financing64,954n/an/a
Depreciation and amortisation250253257-1.2%-2.7%
Share-based compensation76.0n/an/a
Buybacks250n/an/a
Dividends paid186n/an/a
Dividend per share$0.33n/an/a
Diluted shares, weighted565m566m555m-0.2%+1.8%
Shares outstanding at period end561m562m561m-0.2%0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity22,70921,55919,498+5.3%+16.5%
Non-controlling interest39.0n/an/a
Redeemable equity0.0n/an/a
Debt13,91814,22516,537-2.2%-15.8%
Operating lease liabilities252n/an/a
Other liabilities156,584n/an/a
Total liabilities and equity193,502n/an/a
Goodwill21,123n/an/a
Intangible assets13,736n/an/a
Cash and equivalents607618583-1.8%+4.1%
Receivables1,208n/an/a
Other assets156,828n/an/a
Total assets193,502n/an/a

Questions

What was Intercontinental Exchange's revenue in Q4 FY2021?

Intercontinental Exchange (ICE) reported revenue of $2.3 billion for Q4 FY2021, the quarter ended 31 December 2021, up 4.3% on the same quarter a year earlier.

How much did Intercontinental Exchange earn in Q4 FY2021?

Net income for Q4 FY2021 was $1.5 billion, up 190.3% on the year, and diluted earnings per share $2.70.

When did Intercontinental Exchange report Q4 FY2021 results?

Intercontinental Exchange filed its 10-K for the year that ended with the quarter on 3 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2,3282,4592,4132,3872,3772,4722,3362,4292,6662,8012,8973,0333,0303,2293,2623,0073,1423,6663,6113,630
SG&A52.055.057.054.060.074.063.059.070.078.010054.075.076.066.077.074.085.063.074.0
Operating income8809928699138649699558459251,0631,0661,1031,0771,2211,2971,1741,2371,6651,3911,410
Operating margin38%40%36%38%36%39%41%35%35%38%37%36%36%38%40%39%39%45%39%39%
Interest expense102103161176176176175206251241233223213206201192204203205222
Pre-tax income2,109832739-3275648498476825169648618989051,0671,1321,0811,0661,8971,2871,242
Tax rate28%20%23%n/a22%21%4%18%24%19%26%25%22%24%24%23%19%25%24%23%
Net income1,527657555-1914256557995413737676326576987978518168511,413958940
Net margin66%27%23%-8%18%26%34%22%14%27%22%22%23%25%26%27%27%39%27%26%
Diluted EPS$2.70$1.16$0.99-$0.34$0.76$1.17$1.42$0.96$0.65$1.33$1.10$1.14$1.21$1.38$1.48$1.42$1.49$2.48$1.69$1.67
Operating cash flow9937569697371,0926531,1527689691,0091,1968981,5069661,5069151,2751,3261,9981,162
Capital expenditure62.036.034.055.010021.040.043.086.058.075.079.019485.060.062.016664.0144110
Free cash flow9317209356829926321,1127258839511,1218191,3128811,4468531,1091,2621,8541,052
Buybacks2504751570.00.00.00.00.00.00.00.00.00.0241255398400551651400
Dividends paid186214213213213236236241242258261261259278277276274297294293
Shares outstanding561m559m558m559m559m559m560m572m573m573m573m574m574m574m572m570m567m566m561m558m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 3 February 2022: the filing.