Intercontinental Exchange, Inc. (ICE)
Intercontinental Exchange, Inc., together with its subsidiaries, provides technology and data to financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Canada, Asia Pacific, and the Middle East. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment operates regulated marketplace technology for the listing, trading, and clearing of an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange and equities, and corporate and exchange-traded funds, as well as data and connectivity services related to its exchanges and clearing houses. The Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics, and execution services, as well as global CDS clearing and multi-asset class data delivery technology. The Mortgage Technology segment offers a technology platform that provides customers comprehensive and digital workflow tools to address inefficiencies and mitigate risks that exist in the U.S. residential mortgage market life cycle from application through closing, servicing, and the secondary market. The company was founded in 2000 and is headquartered in Atlanta, Georgia.
- Symbol
- ICE
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Financial Data & Stock Exchanges
- Market cap
- $84.23B
- 52 week range
- 121.79 - 176.05
Valuation
- Share price
- $150.15 (close of 2026-10-02)
- P/E (TTM)
- 21.15x
- Price to book
- 2.84x
- Price to free cash flow
- 16.59x
- Enterprise value
- $103.69B
- Book value per share
- $52.80
Price performance
| Period | Change |
|---|---|
| 1 day | -0.87% |
| 5 days | -2.70% |
| 1 month | -4.88% |
| 3 months | +12.90% |
| 6 months | -7.87% |
| Year to date | -7.29% |
| 1 year | -6.73% |
| 3 years | +37.47% |
| 5 years | +30.11% |
| 10 years | +178.73% |
| All time | +1812.74% |
Members of Congress who disclosed ICE trades
Richard McCormick · Josh Gottheimer · Ritchie Torres · Alan Armstrong · Julia Letlow · Markwayne Mullin · Robert Bresnahan · Thomas Kean
Super investors holding ICE
Bill Nygren (Harris Associates LP) · Ken Griffin (Citadel) · Andreas Halvorsen (Viking Global Investors) · Ruane Cunniff (Ruane, Cunniff & Goldfarb L.P.) · AKO Capital (AKO Capital LLP) · William Von Mueffling (Cantillon Capital Management LLC) · Ray Dalio (Bridgewater Associates)
Profitability and growth
- Return on equity
- 11.44%
- Return on invested capital
- 8.17%
- Return on assets
- 2.42%
- Return on capital employed
- 9.34%
- Gross margin
- 41.31%
- Net margin
- 26.23%
- EBITDA margin
- 51.34%
- Revenue growth
- 7.47%
- Net income growth
- 20.37%
- Free cash flow growth
- 2.05%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 6.03%
- Current ratio
- 1.01x
- Net debt to EBITDA
- 2.53x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $12.64B
- Cost of revenue
- $7.42B
- Gross profit
- $5.22B
- EBITDA
- $6.49B
- Net income
- $3.31B
- Earnings per share
- $5.79
- Shares outstanding
- 572.00M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $12.64B | $5.22B | $3.31B | $5.79 |
| 2024-12-31 | $11.76B | $4.62B | $2.75B | $4.80 |
| 2023-12-31 | $9.90B | $3.96B | $2.37B | $4.20 |
| 2022-12-31 | $9.64B | $3.86B | $1.45B | $2.59 |
| 2021-12-31 | $9.17B | $3.66B | $4.06B | $7.22 |
| 2020-12-31 | $8.24B | $3.22B | $2.09B | $3.79 |
| 2019-12-31 | $6.55B | $2.83B | $1.93B | $3.44 |
| 2018-12-31 | $6.28B | $2.73B | $1.99B | $3.46 |
| 2017-12-31 | $5.84B | $2.53B | $2.53B | $4.29 |
| 2016-12-31 | $5.97B | $2.29B | $1.43B | $2.40 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 41.31% | 26.23% | 11.44% | 8.17% |
| 2024-12-31 | 39.25% | 23.42% | 9.94% | 7.32% |
| 2023-12-31 | 39.99% | 23.91% | 9.18% | 6.77% |
| 2022-12-31 | 40.10% | 15.01% | 6.35% | 8.46% |
| 2021-12-31 | 39.97% | 44.26% | 17.84% | - |
| 2020-12-31 | 39.03% | 25.34% | 10.69% | - |
| 2019-12-31 | 43.29% | 29.52% | 11.18% | - |
| 2018-12-31 | 43.56% | 31.68% | 11.54% | - |
| 2017-12-31 | 43.37% | 43.23% | 14.87% | 11.06% |
| 2016-12-31 | 38.32% | 23.95% | 9.06% | 7.64% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $837.00M | $18.61B |
| 2024-12-31 | $844.00M | $17.34B |
| 2023-12-31 | $899.00M | $20.66B |
| 2022-12-31 | $1.80B | $18.12B |
| 2021-12-31 | $147.98B | $12.40B |
| 2020-12-31 | $83.62B | $14.13B |
| 2019-12-31 | $65.09B | $5.25B |
| 2018-12-31 | $64.59B | $6.49B |
| 2017-12-31 | $1.58B | $4.27B |
| 2016-12-31 | $1.37B | $3.87B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $4.29B | $238.00M |
| 2024-12-31 | $4.20B | $231.00M |
| 2023-12-31 | $3.35B | $257.00M |
| 2022-12-31 | $3.33B | $155.00M |
| 2021-12-31 | $2.94B | $188.00M |
| 2020-12-31 | $2.67B | $139.00M |
| 2019-12-31 | $2.51B | $139.00M |
| 2018-12-31 | $2.40B | $130.00M |
| 2017-12-31 | $1.86B | $135.00M |
| 2016-12-31 | $1.90B | $124.00M |
Dividend history
- Most recent payment
- 2026-09-16
- Paid in the last twelve months
- $2.04
| Payment date | Dividend per share |
|---|---|
| 2026-09-16 | $0.52 |
| 2026-06-15 | $0.52 |
| 2026-03-17 | $0.52 |
| 2025-12-16 | $0.48 |
| 2025-09-16 | $0.48 |
| 2025-06-13 | $0.48 |
| 2025-03-17 | $0.48 |
| 2024-12-16 | $0.45 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-29
- Consensus EPS estimate
- $1.90
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-30 | Jun/2026 | $1.84 |
| 2026-04-30 | Mar/2026 | $2.27 |
| 2026-02-05 | Dec/2025 | $1.67 |
| 2025-10-30 | Sep/2025 | $1.62 |
| 2025-07-31 | Jun/2025 | $1.77 |
| 2025-05-01 | Mar/2025 | $1.70 |
| 2025-02-06 | Dec/2024 | $1.49 |
| 2024-10-31 | Sep/2024 | $1.55 |
Filings and sources
- Company website
- ice.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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