ICE · Intercontinental Exchange, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.67B | - | $3.01B | $3.26B | $3.23B | - | $3.03B | $2.90B | $2.80B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $85.00M | - | $77.00M | $66.00M | $76.00M | - | $54.00M | $100.00M | $78.00M | - |
| Total Operating Expenses | $1.31B | - | $1.24B | $1.25B | $1.25B | - | $1.25B | $1.25B | $1.23B | - |
| D&A | $384.00M | - | $387.00M | $395.00M | $389.00M | - | $386.00M | $381.00M | $381.00M | - |
| Operating Income | $1.67B | - | $1.17B | $1.30B | $1.22B | - | $1.10B | $1.07B | $1.06B | - |
| Interest Expense | $203.00M | - | $192.00M | $201.00M | $241.00M | - | $223.00M | $233.00M | $241.00M | - |
| Income Tax | $465.00M | - | $250.00M | $267.00M | $255.00M | - | $227.00M | $222.00M | $181.00M | - |
| Net Income | $1.41B | - | $816.00M | $851.00M | $797.00M | - | $657.00M | $632.00M | $767.00M | - |
| EPS - Basic | $2.49 | - | $1.43 | $1.49 | $1.39 | - | $1.15 | $1.10 | $1.34 | - |
| EPS - Diluted | $2.48 | - | $1.42 | $1.48 | $1.38 | - | $1.14 | $1.10 | $1.33 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $863.00M | $837.00M | $850.00M | $1.00B | $783.00M | $844.00M | $755.00M | $885.00M | $863.00M | $899.00M |
| Accounts Receivable | $2.38B | $1.55B | $1.54B | $1.65B | $1.88B | $1.49B | $1.56B | $1.55B | $1.65B | $1.37B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $127.06B | $85.78B | $90.85B | $93.97B | $92.64B | $89.09B | $84.69B | $86.99B | $80.54B | $84.97B |
| Total Assets | $179.18B | $136.89B | $140.90B | $144.18B | $142.87B | $139.43B | $135.20B | $137.68B | $131.40B | $136.08B |
| Current Liabilities | $125.69B | $84.12B | $89.78B | $93.44B | $92.72B | $89.55B | $84.56B | $87.46B | $80.05B | $84.63B |
| Long-term Debt | $18.62B | $18.61B | $17.37B | $17.36B | $17.35B | $17.34B | $18.58B | $18.57B | $20.07B | $20.66B |
| Total Liabilities | $149.62B | $107.90B | $112.19B | $115.65B | $114.83B | $111.71B | $107.93B | $110.94B | $105.11B | $110.30B |
| Stockholders' Equity | $29.48B | $28.91B | $28.64B | $28.44B | $27.97B | $27.65B | $27.23B | $26.69B | $26.24B | $25.72B |
| Retained Earnings | $21.40B | $20.28B | $19.70B | $19.16B | $18.59B | $18.07B | $17.63B | $17.24B | $16.86B | $16.36B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.33B | - | - | - | $966.00M | - | - | - | $1.01B | - |
| Investing Cash Flow | ($1.42B) | - | - | - | ($2.15B) | - | - | - | $259.00M | - |
| Financing Cash Flow | $40.92B | - | - | - | $2.28B | - | - | - | ($5.52B) | - |
| CapEx | $64.00M | - | - | - | $85.00M | - | - | - | $58.00M | - |
| Free Cash Flow | $1.26B | - | - | - | $881.00M | - | - | - | $951.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 45.4% | - | 39.0% | 39.8% | 37.8% | - | 36.4% | 36.8% | 38.0% | - |
| EBITDA margin | 55.9% | - | 51.9% | 51.9% | 49.9% | - | 49.1% | 49.9% | 51.6% | - |
| Net margin | 38.5% | - | 27.1% | 26.1% | 24.7% | - | 21.7% | 21.8% | 27.4% | - |
| Free cash flow margin | 34.4% | - | - | - | 27.3% | - | - | - | 34.0% | - |
| FCF / Net income | 0.89 | - | - | - | 1.11 | - | - | - | 1.24 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.3% | - | 2.6% | 2.0% | 2.4% | - | 1.8% | 3.5% | 2.8% | - |
| Effective tax rate | 24.8% | - | 23.5% | 23.9% | 24.2% | - | 25.7% | 26.0% | 19.1% | - |
| Return on assets | 0.8% | - | 0.6% | 0.6% | 0.6% | - | 0.5% | 0.5% | 0.6% | - |
| Return on equity | 4.8% | - | 2.8% | 3.0% | 2.8% | - | 2.4% | 2.4% | 2.9% | - |
| Return on invested capital | 2.6% | - | 2.0% | 2.2% | 2.0% | - | 1.8% | 1.7% | 1.9% | - |
| Liquidity | ||||||||||
| Current ratio | 1.01 | 1.02 | 1.01 | 1.01 | 1.00 | 0.99 | 1.00 | 0.99 | 1.01 | 1.00 |
| Quick ratio | 1.01 | 1.02 | 1.01 | 1.01 | 1.00 | 0.99 | 1.00 | 0.99 | 1.01 | 1.00 |
| Cash ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | 0.63 | 0.64 | 0.61 | 0.61 | 0.62 | 0.63 | 0.68 | 0.70 | 0.76 | 0.80 |
| Debt / Assets | 0.10 | 0.14 | 0.12 | 0.12 | 0.12 | 0.12 | 0.14 | 0.13 | 0.15 | 0.15 |
| Debt / EBITDA | 9.09 | - | 11.12 | 10.26 | 10.78 | - | 12.48 | 12.84 | 13.90 | - |
| Interest coverage | 8.2x | - | 6.1x | 6.5x | 5.1x | - | 4.9x | 4.6x | 4.4x | - |
| Equity multiplier | 6.08 | 4.73 | 4.92 | 5.07 | 5.11 | 5.04 | 4.96 | 5.16 | 5.01 | 5.29 |
| Liabilities / Assets | 0.84 | 0.79 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 0.81 | 0.80 | 0.81 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.02 | 0.02 | 0.02 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 237d | - | 187d | 185d | 212d | - | 188d | 195d | 214d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 63.4x | - | 118.6x | 124.0x | 125.0x | - | 140.9x | 124.4x | 103.3x | - |
| P / B | 3.0x | - | 3.4x | 3.7x | 3.6x | - | 3.4x | 2.9x | 3.0x | - |
| P / S | 24.5x | - | 32.2x | 32.3x | 30.8x | - | 30.6x | 27.2x | 28.2x | - |
| EV / EBITDA | 52.4x | - | 72.5x | 72.0x | 72.1x | - | 74.2x | 66.6x | 68.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.5% | - | -0.9% | 12.6% | 15.3% | - | 24.9% | 24.0% | 13.3% | - |
| Revenue CAGR (3y) | 14.0% | - | 8.0% | 10.6% | 9.5% | - | 10.0% | 10.7% | 4.9% | - |
| Revenue CAGR (5y) | 8.6% | - | 9.3% | 10.7% | 8.8% | - | 12.8% | 12.1% | 12.1% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 36.4% | - | 6.4% | 21.7% | 14.9% | - | 30.5% | 11.6% | 9.7% | - |
| Net income growth (YoY) | 77.3% | - | 24.2% | 34.7% | 3.9% | - | 21.4% | -20.9% | 17.1% | - |
| EPS growth (YoY) | 79.7% | - | 24.6% | 34.5% | 3.8% | - | 18.7% | -22.5% | 13.7% | - |
| EPS CAGR (3y) | 28.5% | - | - | 14.3% | 6.0% | - | 0.6% | -20.9% | 5.3% | - |
| EPS CAGR (5y) | 16.8% | - | 14.9% | 9.3% | 3.4% | - | 3.9% | 5.5% | 9.4% | - |
| FCF growth (YoY) | 43.2% | - | - | - | -7.4% | - | - | - | 50.5% | - |
| FCF CAGR (5y) | 12.7% | - | - | - | 11.8% | - | - | - | 8.7% | - |
| Book value growth (YoY) | 5.4% | 4.6% | 5.2% | 6.6% | 6.6% | 7.5% | 7.0% | 12.0% | 13.3% | 13.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$12.64B totalExchanges Segment$8.12B · 64.2%
Fixed Income And Data Services Segment$2.42B · 19.1%
Mortgage Technology Segment$2.10B · 16.6%
Product / service
$25.38B totalExchanges$8.12B · 32.0%
Cash Equityand Equity Options$3.18B · 12.5%
Technology Service$2.42B · 9.5%
Energy Futures And Options$2.18B · 8.6%
Mortgage Technology$2.10B · 8.3%
Fixed Income Data And Analytics$1.23B · 4.9%
Exchange Data$1.03B · 4.1%
Servicing Software$871.00M · 3.4%
Origination Technology$738.00M · 2.9%
Data And Network Technology$722.00M · 2.8%
Financial Futures And Options$608.00M · 2.4%
Listings$495.00M · 2.0%
OTCand Other Transactions$395.00M · 1.6%
CDSClearing$338.00M · 1.3%
Mortgage Technology Data And Analytics$269.00M · 1.1%
Agriculturaland Metals Futuresand Options Contracts$233.00M · 0.9%
Closing Solutions$223.00M · 0.9%
Fixed Income Execution$125.00M · 0.5%
Product And Service Net Interest Income$102.00M · 0.4%
Peer comparison
Same SIC group: Security & Commodity Brokers, Dealers, Exchanges & Services
Comparing Intercontinental Exchange against the 5 most active filers in the same SIC group.
Dividends
$1.96/share trailing 12 months · +7.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 17, 2026 | $0.5200 |
| Dec 16, 2025 | $0.4800 |
| Sep 16, 2025 | $0.4800 |
| Jun 13, 2025 | $0.4800 |
| Mar 17, 2025 | $0.4800 |
| Dec 16, 2024 | $0.4500 |
| Sep 16, 2024 | $0.4500 |
| Jun 13, 2024 | $0.4500 |
| Mar 14, 2024 | $0.4500 |
| Dec 13, 2023 | $0.4200 |
| Sep 14, 2023 | $0.4200 |
| Jun 14, 2023 | $0.4200 |
| Mar 16, 2023 | $0.4200 |
| Dec 14, 2022 | $0.3800 |
| Sep 15, 2022 | $0.3800 |
| Jun 14, 2022 | $0.3800 |
| Mar 16, 2022 | $0.3800 |
| Dec 16, 2021 | $0.3300 |
| Sep 15, 2021 | $0.3300 |
| Jun 15, 2021 | $0.3300 |
| Mar 16, 2021 | $0.3300 |
| Dec 15, 2020 | $0.3000 |
| Sep 15, 2020 | $0.3000 |
| Jun 15, 2020 | $0.3000 |