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ICE logoIntercontinental Exchange, Inc.(ICE)Earnings, Financials & Key Ratios

ICE•NYSE•Banking & Credit
$153.40
$86.89B mkt cap·26.6× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryFinancial Data & ExchangesSub-IndustryExchanges, Clearing and Trading Venues
AboutIntercontinental Exchange, Inc., together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The company operates marketplaces for listing, trading, and clearing an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange, and equities, as well as corporate and exchange-traded funds; trading venues, including 13 regulated exchanges and 6 clearing houses; and offers futures and options products for energy, agricultural and metals, financial, cash equities and equity, over-the-counter, and other markets, as well as listings and data and connectivity services. It also provides fixed income data and analytic, fixed income execution, CDS clearing, and other multi-asset class data and network services. In addition, the company offers proprietary and comprehensive mortgage origination platform, which serves residential mortgage loans; closing solutions that provides customers connectivity to the mortgage supply chain and facilitates the secure exchange of information; data and analytics services; and Data as a Service for lenders to access data and origination information. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.Show more
  • Net Interest Income-$641M+16.6%
  • Total Revenue$12.64B+7.5%
  • Net Income$3.3B+20.0%
  • Return on Equity11.65%+13.2%
  • Net Interest Margin-0.47%+15.1%
  • Efficiency Ratio23.14%+23.0%
  • ROA2.39%+19.6%
  • Equity / Assets21.18%+6.5%
  • Book Value per Share50.76+5.5%
  • Tangible BV/Share-29.78+10.6%
  • Debt/Equity0.70-6.3%
Analysis→Technical→

ICE Key Insights

Intercontinental Exchange, Inc. (ICE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 9/9
  • ✓Efficient operations: 23.1% efficiency ratio
  • ✓14 consecutive years of dividend growth
  • ✓Well capitalized: 21.2% equity/assets
  • ✓Diversified revenue: 98.9% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -0.5%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ICE Price & Volume

Intercontinental Exchange, Inc. (ICE) stock price & volume — 10-year historical chart

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ICE Growth Metrics

Intercontinental Exchange, Inc. (ICE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.44%
5 Years8.92%
3 Years9.46%
TTM-

Profit CAGR

10 Years10%
5 Years9.6%
3 Years31.71%
TTM19.97%

EPS CAGR

10 Years9.73%
5 Years8.88%
3 Years30.77%
TTM20.71%

Return on Capital

10 Years9.23%
5 Years8.61%
3 Years8.56%
Last Year9.54%

ICE Recent Earnings

Intercontinental Exchange, Inc. (ICE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 30, 2026
EPS
$2.35
Est $2.23
+5.4%
Revenue
$3.0B
Est $2.9B
+3.4%
Q1 2026
Feb 5, 2026
EPS
$1.71
Est $1.68
+1.8%
Revenue
$2.5B
Est $2.5B
+1.3%
Q4 2025
Oct 30, 2025
EPS
$1.71
Est $1.60
+6.9%
Revenue
$3.0B
Est $2.4B
+24.6%
Q3 2025
Jul 31, 2025
EPS
$1.81
Est $1.77
+2.3%
Revenue
$3.3B
Est $2.5B
+28.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$2.35vs $2.23+5.4%
$3.0Bvs $2.9B+3.4%
Q1 2026Feb 5, 2026
$1.71vs $1.68+1.8%
$2.5Bvs $2.5B+1.3%
Q4 2025Oct 30, 2025
$1.71vs $1.60+6.9%
$3.0Bvs $2.4B+24.6%
Q3 2025Jul 31, 2025
$1.81vs $1.77+2.3%
$3.3Bvs $2.5B+28.6%
Based on last 12 quarters of dataView full earnings history →

ICE Peer Comparison

Intercontinental Exchange, Inc. (ICE) competitors in Exchanges, Clearing and Trading Venues — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
CME logoCMECME Group Inc.Direct Competitor104.61B288.3425.846.37%15.25%0.13
CBOE logoCBOECboe Global Markets, Inc.Direct Competitor36.08B344.4333.0515.13%22.99%0.33
NDAQ logoNDAQNasdaq, Inc.Direct Competitor50.71B89.2028.8711.05%15.9%0.81
MKTX logoMKTXMarketAxess Holdings Inc.Direct Competitor5.53B148.8420.458.58%15.79%0.05
TW logoTWTradeweb Markets Inc.Direct Competitor23.32B109.4328.9518.92%12.35%0.04
MSCI logoMSCIMSCI Inc.Product Competitor42.38B582.1437.419.74%
SPGI logoSPGIS&P Global Inc.Product Competitor125.38B423.5728.897.94%12.92%0.39
MCO logoMCOMoody's CorporationProduct Competitor79.54B448.6432.828.89%64.11%1.75

Compare ICE vs Peers

Intercontinental Exchange, Inc. (ICE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CME

Most directly comparable listed peer for ICE.

Scale Benchmark

vs MS

Larger-name benchmark to compare ICE against a more recognizable public peer.

Peer Set

Compare Top 5

vs CME, CBOE, NDAQ, MKTX

ICE Income Statement

Intercontinental Exchange, Inc. (ICE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income-179M-222M-250M-347M-422M-508M-489M-769M-641M
NII Growth %-2.29%-24.02%-12.61%-38.8%-21.61%-20.38%3.74%-57.26%16.64%
Net Interest Margin %-0.23%-0.24%-0.26%-0.27%-0.22%-0.26%-0.36%-0.55%-0.47%
Interest Income8M22M35M10M1M108M319M141M140M
Interest Expense187M244M285M357M423M616M808M910M781M
Loan Loss Provision2.36B2.48B2.57B3.59B3.73B3.82B3.44B4.33B4.04B
Non-Interest Income5.83B6.25B6.51B8.23B9.17B9.53B9.58B11.62B12.5B
Non-Interest Income %99.86%99.65%99.47%99.88%99.99%98.88%96.78%98.8%98.89%
Total Revenue
5.84B▲ 0%
6.28B▲ 7.4%
6.55B▲ 4.3%
8.24B▲ 25.9%
9.17B▲ 11.2%
9.64B▲ 5.1%
9.9B▲ 2.8%
11.76B▲ 18.8%
12.64B▲ 7.5%
Revenue Growth %-2.14%7.41%4.32%25.92%11.21%5.1%2.77%18.76%7.46%
Non-Interest Expense916M970M1.02B1.27B1.57B1.56B1.97B2.21B2.92B
Efficiency Ratio15.68%15.46%15.55%15.36%17.11%16.23%19.84%18.82%23.14%
Operating Income
2.38B▲ 0%
2.58B▲ 8.6%
2.67B▲ 3.5%
3.03B▲ 13.5%
3.45B▲ 13.7%
3.64B▲ 5.5%
3.69B▲ 1.5%
4.31B▲ 16.6%
4.9B▲ 13.6%
Operating Margin %40.72%41.16%40.83%36.79%37.62%37.75%37.3%36.64%38.74%
Operating Income Growth %9.53%8.58%3.48%13.47%13.72%5.48%1.54%16.65%13.62%
Pretax Income
2.53B▲ 0%
2.52B▼ 0.2%
2.48B▼ 1.5%
2.77B▲ 11.5%
5.7B▲ 106.0%
1.81B▼ 68.3%
2.89B▲ 60.1%
3.63B▲ 25.4%
4.35B▲ 19.9%
Pretax Margin %43.23%40.15%37.9%33.55%62.15%18.76%29.22%30.85%34.42%
Income Tax-28M500M521M658M1.63B310M456M826M991M
Effective Tax Rate %-1.11%19.84%21%23.79%28.59%17.15%15.76%22.77%22.78%
Net Income
2.53B▲ 0%
1.99B▼ 21.3%
1.93B▼ 2.8%
2.09B▲ 8.1%
4.06B▲ 94.3%
1.45B▼ 64.4%
2.37B▲ 63.8%
2.75B▲ 16.3%
3.3B▲ 20.0%
Net Margin %43.23%31.68%29.52%25.34%44.26%15.01%23.91%23.42%26.14%
Net Income Growth %76.64%-21.3%-2.77%8.07%94.26%-64.37%63.76%16.3%19.97%
Net Income (Continuing)2.55B2.02B1.96B2.11B4.07B1.5B2.44B2.8B3.36B
EPS (Diluted)
4.23▲ 0%
3.43▼ 18.9%
3.42▼ 0.3%
3.77▲ 10.2%
7.18▲ 90.5%
2.58▼ 64.1%
4.19▲ 62.4%
4.78▲ 14.1%
5.77▲ 20.7%
EPS Growth %78.48%-18.91%-0.29%10.23%90.45%-64.07%62.4%14.08%20.71%
EPS (Basic)4.273.463.443.797.222.594.204.805.80
Diluted Shares Outstanding594M579M565M555M565M561M565M576M571.14M

ICE Balance Sheet

Intercontinental Exchange, Inc. (ICE) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments535M724M841M583M607M7.95B1.13B1.37B3.62B
Cash & Due from Banks535M724M841M583M607M1.8B899M844M837M
Short Term Investments000006.15B230M524M2.78B
Total Investments000006.15B230M524M2.78B
Investments Growth %-100%------96.26%127.83%430.34%
Long-Term Investments000000000
Accounts Receivables903M953M988M1.23B1.21B1.17B1.37B1.49B1.55B
Goodwill & Intangibles22.48B23.55B23.6B35.7B34.86B34.2B47.87B46.9B46B
Goodwill12.22B13.09B13.34B21.29B21.12B21.11B30.55B30.59B30.65B
Intangible Assets10.27B10.46B10.26B14.41B13.74B13.09B17.32B16.31B15.35B
PP&E (Net)1.25B1.24B1.54B1.71B1.7B1.77B1.92B2.15B2.69B
Other Assets971M1.31B1.38B1.57B2.64B1.42B1.32B1.28B2.42B
Total Current Assets53.56B66.69B67.98B87.22B154.3B156.95B84.97B89.09B85.78B
Total Non-Current Assets24.7B26.1B26.51B38.98B39.2B37.39B51.11B50.33B51.11B
Total Assets
78.26B▲ 0%
92.79B▲ 18.6%
94.49B▲ 1.8%
126.2B▲ 33.6%
193.5B▲ 53.3%
194.34B▲ 0.4%
136.08B▼ 30.0%
139.43B▲ 2.5%
136.89B▼ 1.8%
Asset Growth %-4.56%18.56%1.83%33.55%53.33%0.43%-29.98%2.46%-1.82%
Return on Assets (ROA)3.15%2.32%2.06%1.89%2.54%0.75%1.43%2%2.39%
Accounts Payable462M521M505M639M703M866M1B1.05B1.08B
Total Debt6.1B7.44B8.1B16.86B14.17B18.38B22.91B20.7B20.28B
Net Debt5.57B6.72B7.26B16.27B13.56B16.58B22.01B19.86B19.44B
Long-Term Debt4.27B6.49B5.25B14.13B12.4B18.12B20.66B17.34B18.61B
Short-Term Debt1.83B951M2.57B2.41B1.52B4M1.95B3.03B1.03B
Other Liabilities539M554M468M565M594M541M634M575M538M
Total Current Liabilities54.17B66.11B68.82B88B153.41B149.17B84.63B89.55B84.12B
Total Non-Current Liabilities7.14B9.38B8.31B18.57B17.34B22.41B25.67B22.16B23.78B
Total Liabilities61.31B75.49B77.13B106.57B170.75B171.58B110.3B111.71B107.9B
Total Equity
16.98B▲ 0%
17.3B▲ 1.9%
17.36B▲ 0.4%
19.63B▲ 13.0%
22.75B▲ 15.9%
22.76B▲ 0.1%
25.79B▲ 13.3%
27.72B▲ 7.5%
28.99B▲ 4.6%
Equity Growth %7.57%1.87%0.36%13.03%15.9%0.06%13.29%7.5%4.59%
Equity / Assets (Capital Ratio)21.7%18.65%18.38%15.55%11.76%11.71%18.95%19.88%21.18%
Return on Equity (ROE)15.41%11.6%11.15%11.29%19.15%6.35%9.76%10.29%11.65%
Book Value per Share28.5929.8830.7335.3640.2640.5745.6448.1350.76
Tangible BV per Share-9.26-10.79-11.04-28.96-21.44-20.39-39.09-33.30-29.78
Common Stock6M6M6M6M6M6M6M7M7M
Additional Paid-in Capital11.39B11.55B11.74B13.85B14.07B14.31B15.95B16.29B16.64B
Retained Earnings6.83B8.32B9.63B11.04B14.35B14.94B16.36B18.07B20.28B
Accumulated OCI-223M-315M-243M-192M-196M-331M-294M-338M-224M
Treasury Stock-1.08B-2.35B-3.88B-5.2B-5.52B-6.22B-6.3B-6.38B-7.79B
Preferred Stock000000000

ICE Cash Flow Statement

Intercontinental Exchange, Inc. (ICE) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations2.08B2.53B2.66B2.88B3.12B3.55B3.54B4.61B4.66B
Operating CF Growth %-2.98%21.49%4.97%8.35%8.4%13.8%-0.34%30.12%1.15%
Net Income2.54B2.02B1.96B2.11B4.07B1.5B2.44B2.8B3.37B
Depreciation & Amortization535M586M662M751M1.01B1.03B1.22B1.54B1.56B
Deferred Taxes-651M27M-33M92M537M-593M-329M-142M-27M
Other Non-Cash Items-246M-134M-40M-80M-2.59B1.34B349M118M25M
Working Capital Changes-230M-96M-29M-129M-87M123M-388M63M-504M
Cash from Investing92M-1.75B-594M-9.83B-786M677M-8.8B-921M-4.25B
Purchase of Investments-327M-306M305M410M-5.05B-73M-12M-781M-7B
Sale/Maturity of Investments547M77M9M4M1M743M191M855M5.42B
Net Investment Activity220M-229M314M414M-5.05B670M179M74M-1.58B
Acquisitions449M-1.25B-292M-9.45B1.05B-59M-10.2B-38M-19M
Other Investing-220M-375M-311M-388M3.66B548M1.71B-551M-2.07B
Cash from Financing-1.97B-463M-1.75B6.74B62.03B-1.84B-64.34B79M-6.33B
Dividends Paid-476M-555M-621M-669M-747M-853M-955M-1.04B-1.1B
Share Repurchases-1.04B-1.28B-1.52B-1.32B-320M-705M-78M-81M-1.39B
Stock Issued000000000
Net Stock Activity-1.04B-1.28B-1.52B-1.32B-320M-705M-78M-81M-1.39B
Debt Issuance (Net)-1000K1000K1000K1000K-1000K1000K1000K-1000K-1000K
Other Financing-183M40M383M38M65.73B-4.46B-65.38B3.48B-1.85B
Net Change in Cash
218M▲ 0%
304M▲ 39.4%
316M▲ 3.9%
-197M▼ 162.3%
64.36B▲ 32768.5%
2.37B▼ 96.3%
-69.59B▼ 3040.1%
3.75B▲ 105.4%
3.61B▼ 3.9%
Exchange Rate Effect12M-11M4M8M-6M-23M7M-14M9.53B
Cash at Beginning1.35B1.57B1.87B2.19B83.62B147.98B150.34B80.75B-2.02B
Cash at End1.57B1.87B2.19B1.99B147.98B150.34B80.75B84.5B1.58B
Interest Paid171M202M280M298M406M550M727M870M764M
Income Taxes Paid594M533M557M642M1.06B882M909M957M1.07B
Free Cash Flow
1.73B▲ 0%
2.25B▲ 30.4%
2.35B▲ 4.5%
2.47B▲ 5.0%
2.67B▲ 8.1%
3.07B▲ 15.0%
3.05B▼ 0.6%
4.2B▲ 37.7%
4.29B▲ 2.0%
FCF Growth %-3.14%30.38%4.48%4.97%8.09%15.01%-0.62%37.67%2.05%

ICE Banking Ratios

Intercontinental Exchange, Inc. (ICE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)9.33%15.41%11.6%11.15%11.29%19.15%6.35%9.76%10.29%11.65%
Return on Assets (ROA)1.79%3.15%2.32%2.06%1.89%2.54%0.75%1.43%2%2.39%
Net Interest Margin-0.21%-0.23%-0.24%-0.26%-0.27%-0.22%-0.26%-0.36%-0.55%-0.47%
Efficiency Ratio16.97%15.68%15.46%15.55%15.36%17.11%16.23%19.84%18.82%23.14%
Equity / Assets19.26%21.7%18.65%18.38%15.55%11.76%11.71%18.95%19.88%21.18%
Book Value / Share26.3628.5929.8830.7335.3640.2640.5745.6448.1350.76
NII Growth-80.41%-2.29%-24.02%-12.61%-38.8%-21.61%-20.38%3.74%-57.26%16.64%
Dividend Payout28.6%18.84%27.92%32.13%32.02%18.41%58.99%40.33%37.73%33.44%

ICE SEC Filings & Documents

Intercontinental Exchange, Inc. (ICE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Feb 5, 2026·SEC

Material company update

Nov 17, 2025·SEC

10-K Annual Reports

1
FY 2026

Feb 5, 2026·SEC

10-Q Quarterly Reports

3
FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

FY 2025

May 1, 2025·SEC

ICE Frequently Asked Questions

Intercontinental Exchange, Inc. (ICE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Intercontinental Exchange, Inc. (ICE) grew revenue by 7.5% over the past year. This is steady growth.

Yes, Intercontinental Exchange, Inc. (ICE) is profitable, generating $3.30B in net income for fiscal year 2025 (26.1% net margin).

Dividend & Returns

Yes, Intercontinental Exchange, Inc. (ICE) pays a dividend with a yield of 1.26%. This makes it attractive for income-focused investors.

Intercontinental Exchange, Inc. (ICE) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

Industry Metrics

Intercontinental Exchange, Inc. (ICE) has a net interest margin (NIM) of -0.5%. NIM has been under pressure due to interest rate environment.

Intercontinental Exchange, Inc. (ICE) has an efficiency ratio of 23.1%. This is excellent, indicating strong cost control.

Explore More ICE

Intercontinental Exchange, Inc. (ICE) financial analysis — history, returns, DCA and operating performance tools

Full ICE Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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