Shares of Intercontinental Exchange (NYSE: ICE) rallied Thursday, up 4.5% as of 11:10 a.m. ET.

The company reported earnings today, showing off its resiliency with solid growth and an earnings beat. Intercontinental Exchange's business is composed of exchanges for commodity and financial derivative trading, a fixed-income clearing and data analytics platform, and a mortgage technology business.

As an exchange and technology provider, the company's business model is a nice mix of recurring subscriptions and trading activity, which can grow even in volatile market conditions. That's why 2024 marked the company's 19th straight year of growth.

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Source Fool.com