Intercontinental Exchange
ICE
155.47
+2.17
+1.42%
Intercontinental Exchange
US · ICE
#191 by market cap
Listed 2013
+1.42%
155.47
+2.17
+1.42%
Collector offline (last heartbeat: 313919s ago)
· 2026-09-18 19:30
Pre-market
152.68
-0.40%
After-hours
155.47
0.00%
Overnight
153.30
0.00%
- Market cap
- 87.28B
- P/E (TTM)i
- 21.93
- P/Bi
- 2.95
- EPSi
- 5.77
- Div yieldi
- 1.29%
- 52W posi
- 64%
Reader sentiment
Are you bullish or bearish on ICE?
Anonymous reader poll. Unscientific, not investment advice.
Revenue annual, last 8 years
Latest year +7.47% YoY
Margins
- Gross margin
- 56.16%
- Operating margin
- 39.55%
- Net margin
- 26.23%
Key ratios & quality
- Enterprise valuei
- 103.31B
- PEG ratioi
- 0.69
- Altman Z-Scorei
- 0.92
PEG uses trailing P/E against the 3-year net income growth rate (31.86%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.92, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.28B | 6.55B | 8.24B | 9.17B | 9.64B | 9.90B | 11.76B | 12.64B |
| Gross profit | 3.55B | 3.69B | 4.30B | 5.02B | 5.20B | 5.66B | 6.52B | 7.10B |
| Selling & admin expenses | 350.00M | 354.00M | 410.00M | 458.00M | 440.00M | 481.00M | 572.00M | 539.00M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.62B | 2.68B | 3.14B | 3.55B | 3.73B | 3.96B | 4.41B | 5.00B |
| Pretax profit | 2.52B | 2.48B | 2.77B | 5.70B | 1.81B | 2.89B | 3.63B | 4.35B |
| Tax | 500.00M | 521.00M | 658.00M | 1.63B | 310.00M | 456.00M | 826.00M | 976.00M |
| Net profit | 2.02B | 1.96B | 2.11B | 4.07B | 1.50B | 2.44B | 2.80B | 3.37B |
| Basic EPS | 3 | 3 | 4 | 7 | 3 | 4 | 5 | 6 |
| Diluted EPS | 3.43 | 3.42 | 3.77 | 7.18 | 2.58 | 4.19 | 4.78 | 5.77 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 3.23B | 3.26B | 3.01B | 3.14B | 3.67B | 3.61B |
| Gross profit | 1.78B | 1.83B | 1.71B | 1.78B | 2.23B | 1.92B |
| Selling & admin expenses | 137.00M | 127.00M | 139.00M | 136.00M | 144.00M | 123.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.25B | 1.31B | 1.18B | 1.26B | 1.71B | 1.40B |
| Pretax profit | 1.07B | 1.13B | 1.08B | 1.07B | 1.90B | 1.29B |
| Tax | 255.00M | 267.00M | 250.00M | 204.00M | 465.00M | 312.00M |
| Net profit | 812.00M | 865.00M | 831.00M | 862.00M | 1.43B | 975.00M |
| Basic EPS | 1 | 1 | 1 | 2 | 2 | 2 |
| Diluted EPS | 1.38 | 1.48 | 1.42 | 1.49 | 2.48 | 1.69 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 66.69B | 67.98B | 87.22B | 154.30B | 156.95B | 84.97B | 89.10B | 85.78B |
| Cash & ST investments | 724.00M | 841.00M | 583.00M | 607.00M | 4.42B | 1.13B | 1.37B | 3.62B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 92.79B | 94.49B | 126.20B | 193.50B | 194.34B | 136.08B | 139.43B | 136.89B |
| Total current liabilities | 66.11B | 68.82B | 88.00B | 153.41B | 149.17B | 84.63B | 89.55B | 84.12B |
| Short-term debt | 951.00M | 2.57B | 2.41B | 1.52B | 4.00M | 1.95B | 3.03B | 1.04B |
| Long-term debt | 6.49B | 5.25B | 14.13B | 12.40B | 18.12B | 20.66B | 17.34B | 18.61B |
| Total liabilities | 75,489,000,000.00 | 77,129,000,000.00 | 106,573,000,000.00 | 170,754,000,000.00 | 171,577,000,000.00 | 110,298,000,000.00 | 111,708,000,000.00 | 107,896,000,000.00 |
| Total equity | 17.30B | 17.36B | 19.63B | 22.75B | 22.76B | 25.79B | 27.72B | 28.99B |
| Retained earnings | 8.32B | 9.63B | 11.04B | 14.35B | 14.94B | 16.36B | 18.07B | 20.28B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 92.64B | 93.97B | 90.85B | 85.78B | 127.07B | 122.06B |
| Cash & ST investments | 3.17B | 2.64B | 2.20B | 3.62B | 3.94B | 2.62B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 142.87B | 144.18B | 140.90B | 136.89B | 179.18B | 174.25B |
| Total current liabilities | 92.72B | 93.44B | 89.78B | 84.12B | 125.69B | 120.58B |
| Short-term debt | 2.93B | 1.85B | 1.67B | 1.04B | 1.75B | 1.22B |
| Long-term debt | 17.35B | 17.36B | 17.37B | 18.61B | 18.62B | 18.63B |
| Total liabilities | 114,827,000,000.00 | 115,648,000,000.00 | 112,192,000,000.00 | 107,896,000,000.00 | 149,615,000,000.00 | 144,595,000,000.00 |
| Total equity | 28.04B | 28.53B | 28.71B | 28.99B | 29.56B | 29.65B |
| Retained earnings | 18.59B | 19.16B | 19.70B | 20.28B | 21.40B | 22.06B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.53B | 2.66B | 2.88B | 3.12B | 3.55B | 3.54B | 4.61B | 4.66B |
| Depreciation & amortization | 586.00M | 662.00M | 751.00M | 1.01B | 1.03B | 1.22B | 1.54B | 1.56B |
| Free cash flow | 2.25B | 2.35B | 2.47B | 2.67B | 3.07B | 3.05B | 3.86B | 3.87B |
| Dividends paid | -555.00M | -621.00M | -669.00M | -747.00M | -853.00M | -955.00M | -1.04B | -1.11B |
| Stock buybacks / issuance | -1.28B | -1.53B | -1.32B | -320.00M | -705.00M | -78.00M | -81.00M | -1.40B |
| Ending cash balance | 1.87B | 65.09B | 83.62B | 147.98B | 150.34B | 80.75B | 84.50B | 78.61B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 966.00M | 1.51B | 915.00M | 1.28B | 1.33B | 2.00B |
| Depreciation & amortization | 389.00M | 395.00M | 387.00M | 389.00M | 384.00M | 389.00M |
| Free cash flow | 777.00M | 1.34B | 746.00M | 1.01B | 1.15B | 1.74B |
| Dividends paid | -278.00M | -277.00M | -276.00M | -274.00M | -297.00M | -294.00M |
| Stock buybacks / issuance | -336.00M | -258.00M | -403.00M | -400.00M | -646.00M | -652.00M |
| Ending cash balance | 85.61B | 88.78B | 85.82B | 78.61B | 119.43B | 116.55B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 11.65 | 11.22 | 11.37 | 19.23 | 6.37 | 9.78 | 10.32 | 11.72 |
| ROA %i | 2.32 | 2.06 | 1.89 | 2.54 | 0.75 | 1.43 | 2.00 | 2.40 |
| ROIC %i | 9.09 | 8.52 | 7.63 | 11.90 | 4.79 | 6.19 | 6.90 | 7.89 |
| 5-year avg ROE %i | 10.76 | 11.41 | 11.81 | 13.78 | 11.97 | 11.59 | 11.41 | 11.48 |
| EBIT margin %i | 44.04 | 42.25 | 37.88 | 66.76 | 25.16 | 37.38 | 38.59 | 40.74 |
| FCF / sales %i | 35.90 | 35.96 | 29.97 | 29.13 | 31.88 | 30.83 | 32.79 | 30.63 |
| Current ratioi | 1.01 | 0.99 | 0.99 | 1.01 | 1.05 | 1.00 | 0.99 | 1.02 |
| Quick ratioi | 0.03 | 0.03 | 0.02 | 0.01 | 0.06 | 0.05 | 0.05 | 0.08 |
| Debt / assetsi | 43.26 | 46.94 | 86.46 | 62.40 | 80.93 | 89.09 | 74.88 | 70.13 |
| LT debt / equityi | 37.73 | 32.05 | 74.09 | 55.70 | 80.91 | 81.49 | 63.93 | 66.55 |
| Interest coveragei | 11.33 | 9.71 | 8.75 | 14.47 | 3.94 | 4.58 | 4.99 | 6.41 |
| Revenue CAGR (3Y) %i | 10.26 | 3.12 | 12.16 | 13.47 | 13.75 | 6.30 | 8.66 | 9.47 |
| Net income CAGR (3Y) %i | 15.99 | 10.57 | -6.14 | 26.85 | -9.22 | 4.27 | -12.12 | 31.86 |
| FCF CAGR (3Y) %i | 29.64 | 9.68 | 12.66 | 5.84 | 9.28 | 7.30 | 13.03 | 8.01 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 10.27 | 10.89 | 11.32 | 11.72 | 13.68 | 13.93 |
| ROA %i | 2.03 | 2.13 | 2.29 | 2.40 | 2.44 | 2.54 |
| ROIC %i | 6.87 | 7.31 | 7.61 | 7.89 | 9.01 | 9.32 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 37.79 | 38.59 | 39.89 | 40.74 | 45.70 | 45.69 |
| FCF / sales %i | 30.93 | 32.48 | 32.66 | 30.63 | 32.45 | 34.57 |
| Current ratioi | 1.00 | 1.01 | 1.01 | 1.02 | 1.01 | 1.01 |
| Quick ratioi | 0.07 | 0.06 | 0.06 | 0.08 | 0.06 | 0.04 |
| Debt / assetsi | 73.71 | 69.14 | 68.11 | 70.13 | 71.19 | 69.46 |
| LT debt / equityi | 63.23 | 62.64 | 62.29 | 66.55 | 65.25 | 65.34 |
| Interest coveragei | 5.26 | 5.75 | 6.15 | 6.41 | 7.47 | 7.63 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Exchanges66.71%
Fixed Income and Data Services17.86%
Mortgage Technology15.43%
Quote time 2026-09-18 19:30:08 · For reference only, not investment advice.