Intercontinental Exchange Inc ($ICE) Q3 2025 Earnings Call
ICE - Earnings call Q3 2025.
Founder, Chairman & Chief Executive Officer, Intercontinental Exchange
Search every verified Jeffrey Sprecher interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During ICE's Q3 and Q4 2025 earnings calls, Sprecher reported record adjusted earnings per share of $6.95 for the fourth quarter, a 14% year-over-year increase. He stated that ICE had received SEC approval to launch a new clearing service for U.S. cash treasuries, nearly a year ahead of the January 2027 Treasury clearing mandate. Sprecher also discussed the company's approach to artificial intelligence, saying ICE is applying AI models to workflows across the company and that customers have shown positive uptake of AI tools built into ICE's mortgage network for data automation and customer engagement. He noted that ICE is exploring tokenization as a potential evolution of market infrastructure, and that the company plans to apply for SEC regulatory approval for NYSE tokenization under existing federal law. In a March 2026 interview, Sprecher discussed his career and approach to business, describing how ICE took approximately $16 trillion in credit default swaps off bank balance sheets during the financial crisis. He also commented on the U.S. student loan system, stating that when the government began issuing loans directly, universities handled lending, which he said led to tuition inflation and that roughly 40% of outstanding student loans are in arrears. Sprecher noted that Treasury Secretary Bessent refers to him as "capitalist ICE" to distinguish his company from the other ICE.
“ICE decided to invest in Polymarket as we're impressed with the design of its underlying architecture of smart contracts that take advantage of this new banking infrastructure. Alongside our investment, we've also announced a strategic data agreement under which ICE will become a global distributor of Polymarket's high...”
“We think this dialogue will ultimately benefit new product innovation for all markets and certainly for ICE. Polymarket is forcing a dialogue in the US on how to minimize government regulatory burdens so as to not impede innovators.”
“Our current experience is that AI has become a good assistant for our teams, but not a replacement. We still require unique skill sets that are not now available in AI to fully deploy production code at scale and at the latency precision which ICE operates.”
“I think we'll be rewarded if we can bring the underlying technologies into our workflow and increase our sales revenue and manage our costs. We're not a venture firm. We don't think you guys will really reward us if we make a lot of money on that investment.”
“We think by having 24/7 collateral management we'll be able to minimize overall collateral requirements for our customers, and that will feed its way into higher trading volumes, which is we have seen that correlation, and so it's in our interest to help make our customers trading more efficient.”
“We are not pursuing tokenization as a novelty or as a substitution for how markets operate today. We're exploring tokenization as a potential evolution of existing market infrastructure, one that could further improve capital efficiencies, broaden access, and advance settlement processes, such as our recent announcemen...”
“Just last week, ICE received approval from the US Securities and Exchange Commission to launch a new clearing service for US cash treasuries. Almost a year in advance of the January 2027 Treasury clearing mandate. This is another example of our ability to position ourselves to meet the needs of an evolving market.”
“Our job has never been to predict outcomes or to direct capital. It's been to build and operate the systems that allow capital to move efficiently, allow risk to be transferred, and allow price discovery to occur regardless of market conditions.”
“The main benefit of tokenization is going to be a rewiring of the movement of money and value, and that essentially it's going to allow that to happen on the internet as opposed to the conventional banking wires.”
“Importantly, as automation increases, value shifts towards workflow outcomes rather than seat pricing. We recognized that early on that pricing on workflow outcomes would be the preferred pricing model. As AI is incorporated into these workflows, that pricing model remains durable and stands to benefit us.”
“We went and we took I think 16 trillion dollars worth of credit default swaps off the books of the banks, stuck them in a subsidiary that we created, cut deals with all the major lenders, got the government involved to free up the financial system.”
“When Obamacare passed, one of the things they decided to do was have all student loans be put out directly by the government off the government balance sheet, taking the banks out so they could use projected interest profits to offset healthcare costs. Universities then handled lending, leading to tuition inflation whe...”
“We now are the largest — we probably touch 90% of all mortgages in the U.S. We have about 3,500 lenders that use the network.”
“These stable coins are what we would call bearer instruments. Tether has 500 million people that have Tether accounts. There are countries now where the national currency is Tether.”
“Shane was falsely accused of wrongdoing and was raided by the FBI. A mutual friend, Tom Farley, called me up and said you should reach out to Shane. When Shane was exonerated, I picked up the phone and said I have something in common with you and I'd love to sit down and talk about whether or not we could compare notes...”
ICE - Earnings call Q3 2025.
What if the world’s greatest opportunities aren’t found in polished systems, but in the messy, broken ones everyone else avoids? In this episode of Power & Impact , I sit down with Jeff Sprecher, founder and CEO of Intercontinental Exchange, which is the company behind the New York Stock Exchange. Jeff’s approach is simple: find what’s complex and overlooked, and make it clearer, more efficient, and more trustworthy. That mindset led him to take on the New York Stock Exchange when it had fallen out of favor and rebuild it into one of the most powerful financial and data networks in the worl…
... chair and ceo of intercontinental exchange a firm he founded in 2000 uh jeff started the company to identify and fix inefficiencies ...
Polymarket CEO Shayne Coplan and Intercontinental Exchange CEO Jeffrey Sprecher join CNBC's 'Squawk Box' for an exclusive ...
Inside the ICE House was launched 430 episodes ago on February 5, 2018. At key intervals during the company’s history, first in 2018 and again in 2020, ICE Founder and CEO Jeff Sprecher sat down with host Josh King to survey the world of financial services and ICE’s place in it. Now in 2024, as Josh passes the podcast torch, he sits down with Jeff one more time to take stock of innovations, technologies, and people that have made ICE an “all weather” performer and the “ICE playbook” that sustains its peerless position. https://www.ice.com/insights/conversa...
Mortgage business as investors look out for the next sort of three to five years should the market expect ice to sort of Drive deeper ...
May 10, 2020 marks the 20th Anniversary of Intercontinental Exchange, the company that Jeff Sprecher and his colleagues ...
Jeffrey Sprecher, Intercontinental Exchange chairman and CEO, joins "Squawk on the Street" to discuss the New York Stock Exchange deciding to delist three Chinese stocks. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.…
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