Earnings call briefThird-quarter 2026

Intercontinental Exchange raises 2026 capex outlook to about $1.05 billion

Intercontinental Exchange said it expects to exit 2026 with approximately $270 million of annualized Black Knight expense synergies, against an original five-year target of $200 million.

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Intercontinental Exchange said on its third-quarter call it now expects full-year capital expenditures of approximately $1.05 billion, up from July guidance, largely driven by an expected fourth-quarter Atlanta campus purchase.

Chief Financial Officer Warren Gardiner said the increase also includes, to a lesser extent, additional data center and other real estate spend.

Quotes from the call

“We now expect full-year CapEx of approximately $1,050,000,000, with the increase relative to July guidance driven largely by our expected fourth quarter purchase of a new campus here in Atlanta, and to a lesser extent, some additional data center and other real estate spend.”

Warren Gardiner, Chief Financial Officer

“We now expect to exit 2026 with approximately $270 million of annualized expense synergies. This compares to an original five-year target of $200 million when we announced the transaction.”

Warren Gardiner, Chief Financial Officer

Key facts from the call

Full-year 2026 capex outlook
approximately $1.05 billion
2026 exit annualized expense synergies outlook
approximately $270 million
Original five-year synergy target
$200 million

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Source: Intercontinental Exchange's third-quarter 2026 earnings call, October 29, 2026.

Written by GetSignal with AI from the company's earnings call.

Not investment advice.

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