Intercontinental Exchange (ICE) 8-K Intercontinental Exchange Reports First Quarter 2017 GAAP Diluted EPS of $0.84 on Revenues of $1.2 billion; Adjusted Diluted EPS of $0.74

Exhibit 99.1

Intercontinental Exchange Reports First Quarter 2017 GAAP Diluted EPS of $0.84 on Revenues of $1.2 billion; Adjusted Diluted EPS of $0.74

ATLANTA & NEW YORK, May 3, 2017 -Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses and provider of global data and listing services, today reported financial results for the first quarter of 2017. For the quarter ended March 31, 2017, consolidated net income attributable to ICE was $502 million on $1.2 billion of consolidated revenues less transaction-based expenses. First quarter GAAP diluted earnings per share (EPS) were $0.84. On an adjusted basis, net income was $441 million in the first quarter, and diluted EPS were $0.74. Please refer to the reconciliation of non-GAAP financial measures included in the press release for more information on our adjusted net income and adjusted diluted EPS.

“The solid volume and open interest growth in our futures markets, together with strong results in our data and listings segment, demonstrates that we are holistically serving our customers on a global scale by leveraging our comprehensive trading, data and risk management solutions," said ICE Chairman & CEO Jeffrey C. Sprecher. "Our progress in reorganizing and integrating our data services allows us to serve our customers in new ways as their needs evolve. In addition, our success in hosting virtually every recent major IPO at the NYSE, demonstrates how our unique market model continues to be the preferred model for listed companies."

Scott A. Hill, ICE CFO, added: “Our results were driven by executing in our core business while integrating our acquisitions and divesting non-core assets. We generated operating cash flows of $611 million in the quarter, the second highest quarter in our history, which enabled us to significantly increase our share repurchases to $229 million and to increase our dividend 17% to $120 million, even as we continued to reduce our debt outstanding. We are well positioned to continue to deliver strong returns to our shareholders in 2017 and beyond."

First Quarter 2017 GAAP Results

First quarter 2017 consolidated revenues, less transaction-based expenses, were $1.2 billion. Trading and clearing segment revenues, less transaction-based expenses, were $538 million in the first quarter 2017, down 6% compared to the prior first quarter. Data and listings segment revenues were $626 million in the first quarter of 2017, up 8% compared to the prior first quarter, including data services revenues of $520 million, up 9% and listings revenues of $106 million, up 2%.

Consolidated operating expenses were $582 million for the first quarter of 2017, including $12 million in Interactive Data transaction and integration expenses. Consolidated operating income for the first quarter was $582 million and operating margin was 50%. The effective tax rate for the first quarter was 30%.

Unrestricted cash was $360 million and outstanding debt was $6.2 billion as of March 31, 2017.

Financial Guidance

• ICE's diluted share count for the second quarter and full year 2017 is expected to be in the range of 590 million to 600 million weighted average shares outstanding.

• ICE's second quarter 2017 GAAP operating expenses are expected to be in a range of $550 million to $560 million and adjusted operating expenses⁽¹⁾ are expected to be in a range of $485 million to $495 million.

(1) The second quarter of 2017 Non-GAAP adjusted operating expense excludes $66 million in amortization of acquisition-related intangibles for the second quarter of 2017. The GAAP operating expense forecast does not reflect an estimate of acquisition-related transaction and integration costs for the second quarter of 2017.

Earnings Conference Call Information

ICE will hold a conference call today, May 3, at 8:30 a.m. ET to review its first quarter 2017 financial results. A live audio webcast of the earnings call will be available on the company's website atwww.theice.com in the investor relations section. Participants may also listen via telephone by dialing 888-317-6003 from the United States, 866-284-3684 from Canada or 412-317-6061 from outside of the United States and Canada.Telephone participants are required to provide the participant entry number 2407579 and are recommended to call 10 minutes prior to the start of the call. The call will be archived on the company's website for replay.

The conference call for the second quarter 2017 earnings has been scheduled for August 3, 2017 at 8:30 a.m. ET. Please refer to the Investor Relations website atwww.ir.theice.com for additional information.

Historical futures, options and cash ADV, rate per contract, open interest data and CDS cleared information can be found at: http://ir.theice.com/investors-and-media/supplemental-volume-info/default.aspx

Consolidated Statements of Income

(In millions, except per share amounts)

	Three Months Ended March 31
Revenues:	2017			2016
Transaction and clearing, net	$	798		$	929
Data services		520			477
Listings		106			103
Other revenues		45			45
Total revenues		1,469			1,554
Transaction-based expenses:
Section 31 fees		91			98
Cash liquidity payments, routing and clearing		214			302
Total revenues, less transaction-based expenses		1,164			1,154
Operating expenses:
Compensation and benefits		245			236
Professional services		32			32
Acquisition-related transaction and integration costs		14			27
Technology and communication		98			92
Rent and occupancy		18			18
Selling, general and administrative		41			22
Depreciation and amortization		134			143
Total operating expenses		582			570
Operating income		582			584
Other income (expense):
Interest expense		(45	)		(46	)
Other income, net		186			2
Other income (expense), net		141			(44	)
Income before income tax expense		723			540
Income tax expense		213			163
Net income	$	510		$	377
Net income attributable to non-controlling interest		(8	)		(8	)
Net income attributable to Intercontinental Exchange, Inc.	$	502		$	369
Earnings per share attributable to Intercontinental Exchange, Inc. common shareholders:
Basic	$	0.84		$	0.62
Diluted	$	0.84		$	0.62
Weighted average common shares outstanding:
Basic		594			595
Diluted		599			598
Dividend per share	$	0.20		$	0.17

Consolidated Balance Sheets

(In millions)

	As of			As of
	March 31, 2017			December 31, 2016
Assets:
Current assets:
Cash and cash equivalents	$	360		$	407
Short-term investments		21			23
Short-term restricted cash and investments		743			679
Customer accounts receivable, net		999			777
Margin deposits and guaranty funds		52,354			55,150
Prepaid expenses and other current assets		596			97
Total current assets		55,073			57,133
Property and equipment, net		1,132			1,129
Other non-current assets:
Goodwill		12,302			12,291
Other intangible assets, net		10,356			10,420
Long-term restricted cash and investments		264			264
Long-term investments		—			432
Other non-current assets		336			334
Total other non-current assets		23,258			23,741
Total assets	$	79,463		$	82,003
Liabilities and Equity:
Current liabilities:
Accounts payable and accrued liabilities	$	451		$	388
Section 31 fees payable		90			131
Accrued salaries and benefits		104			230
Deferred revenue		440			114
Short-term debt		2,376			2,493
Margin deposits and guaranty funds		52,354			55,150
Other current liabilities		191			111
Total current liabilities		56,006			58,617
Non-current liabilities:
Non-current deferred tax liability, net		2,985			2,958
Long-term debt		3,872			3,871
Accrued employee benefits		415			430
Other non-current liabilities		361			337
Total non-current liabilities		7,633			7,596
Total liabilities		63,639			66,213
Redeemable non-controlling interest		37			36
Equity:
Intercontinental Exchange, Inc. shareholders’ equity:
Common stock		6			6
Treasury stock, at cost		(346	)		(40	)
Additional paid-in capital		11,351			11,306
Retained earnings		5,171			4,789
Accumulated other comprehensive loss		(427	)		(344	)
Total Intercontinental Exchange, Inc. shareholders’ equity		15,755			15,717
Non-controlling interest in consolidated subsidiaries		32			37
Total equity		15,787			15,754
Total liabilities and equity	$	79,463		$	82,003

Non-GAAP Financial Measures and Reconciliation
We use non-GAAP measures internally to evaluate our performance and in making financial and operational decisions. When viewed in conjunction with our GAAP results and the accompanying reconciliation, we believe that our presentation of these measures provides investors with greater transparency and a greater understanding of factors affecting our financial condition and results of operations than GAAP measures alone. In addition, we believe the presentation of these measures is useful to investors for period-to-period comparison of results because the items described below as adjustments to GAAP are not reflective of our core business performance. These financial measures are not in accordance with, or an alternative to, GAAP financial measures and may be different from non-GAAP measures used by other companies. We use these adjusted results because we believe they more clearly highlight trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures, since these measures eliminate from our results specific financial items that have less bearing on our core operating performance. We strongly recommend that investors review the GAAP financial measures and additional non-GAAP information included in our Quarterly Report on Form 10-Q, including our consolidated financial statements and the notes thereto.

Adjusted net income attributable to ICE common shareholders and adjusted diluted earnings per share for the periods presented below are calculated by adding or subtracting the adjustments described below, which are not reflective of our cash operations and core business performance, and their related income tax effect and other tax adjustments (in millions, except for per share amounts):

	Three Months Ended March 31, 2017			Three Months Ended March 31, 2016
Net income attributable to ICE	$	502		$	369
Add: Interactive Data and NYSE transaction and integration costs		12			17
Add: Amortization of acquisition-related intangibles		65			77
Add: Accrual relating to ongoing investigations and inquiries		10			—
Less: Cetip investment gain		(176	)		—
Add/(Less): Income tax effect for the above items		28			(35	)
Add: Deferred tax adjustment on acquisition-related intangibles		—			13
Adjusted net income attributable to ICE	$	441		$	441
Diluted earnings per share attributable to ICE	$	0.84		$	0.62
Adjusted diluted earnings per share attributable to ICE	$	0.74		$	0.74

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) operates the leading network of regulated exchanges and clearing houses, and is a provider of global data and listing services. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located atwww.intercontinentalexchange.com/terms-of-use.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in Intercontinental Exchange, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC on February 7, 2017. We caution you not to place undue reliance on these forward looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of an unanticipated event. New factors emerge from time to time, and it is not possible for management to predict all factors that may affect our business and prospects. Further, management cannot assess the impact of each factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

SOURCE: Intercontinental Exchange

ICE-CORP

Investor & Media Contact:

Kelly Loeffler, SVP Investor Relations & Corp. Communications

+1 770 857 4726

kelly.loeffler@theice.com