Diluted earnings per share increased 19% to $1.95. Finally, capital expenditures and capitalized software totaled $18 million, and cash flow from operations rose to $180 million in the second quarter.
Turning to Slide 6. You can see the revenue and expense components of our second quarter results. Futures revenues rose 14% to a record $169 million on record volume and ICE Futures Europe.
OTC energy revenue decreased 3% to $101 million, while OTC credit revenue declined at $36 million.
Taken together, our consolidated transaction in clearing revenues increased 6% to $307 million.Market data revenue grew 21% to a record $37 million, demonstrating continued demand for our globally relevant commodity market and related market data services. ICE's second quarter consolidated expenses are summarized on the right side of Slide 6. Operating expenses were $136 million, up just 1% from the prior year and down from the first quarter. Our disciplined expense management, coupled with solid top line growth, drove our operating margins to 61% compared to 59% in the last year's second quarter. During the second quarter, comp and benefits expense rose 4%, and we recorded $4 million of acquisition-related expense. We expect ongoing M&A expenses of $1 million to $2 million per quarter as we continue to evaluate a range of strategic M&A opportunity. And we continue to forecast full-year expense growth in the range of 3% to 6%, which we believe will enable investment in key growth opportunities, operating efficiency and solid earnings growth. Next on Slide 7, I will highlight the record performance of our Futures segment during the second quarter. Record revenue was driven by record average daily volume of 1.6 million contracts, up 11% year-to-year. ICE Futures Europe and ICE Futures U.S. posted record revenue in the quarter. This strong performance was once again led by our Brent Crude contract, which despite prices declining more than 20% during the second quarter, while volumes rise nearly 30%, as it's ascendant as the global benchmark continues.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV