Intercontinental Exchange, Inc. (ICE) UBS Global Technology and AI Conference 2025 December 2, 2025 2:55 PM EST
Company Participants
Benjamin Jackson – President
Warren Gardiner – Chief Financial Officer
Conference Call Participants
Alex Kramm – UBS Investment Bank, Research Division
Presentation
Alex Kramm
UBS Investment Bank, Research Division
All right. Hello again. Let’s continue here. I’m Alex Kramm, Senior Research Analyst at UBS, covering the U.S. exchanges and business services companies. Excited to have Intercontinental Exchange, ICE, here up next. Ben Jackson, President; and Warren Gardiner, CFO.
Let’s just jump in to keep it simple. But thanks again for coming. This has been great.
Question-and-Answer Session
Alex Kramm
UBS Investment Bank, Research Division
I’d like to start at a very high level, typically, to get the audience on the same page. So look, I followed ICE for basically 20 years or so, and it’s become a much more diversified company over that time. You’ve got three segments, a lot of different macro drivers, volatility, commodity prices, interest rates, AI now, given where we are, so when U.S. managers think about the outlook for the company over the next few years, why do you think ICE is positioned for attractive growth against all those things that I just mentioned?
Benjamin Jackson
President
Thanks, Alex. Thanks for the introduction, and thanks for everybody here and listening online as well.
I’ll start with a quick story that happened actually today. And in the first group meeting we had this morning, we had an investor that was in the meeting and kicked things off and said, “I really love what you guys have done for us. We’ve been an investor since 2006, and every single year since we’ve been an investor, you’ve been able to grow earnings per share consistently no matter what the market was doing. Whether it was up, whether
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