ICE Intercontinental Exchange Inc. Common Stock

NYSE · Financial Services · View on SEC EDGAR ↗

$153.37

Price · May 22, 2026

Fundamentals as of Apr 30, 2026

ICE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$153.37

Market Cap

$91.83B

P/E (TTM)

28.1

EPS (TTM)

$5.77

Revenue (TTM)

$12.64B

Div Yield

1.2%

ROE

11.7%

Debt/Equity

0.7

52W Range

$143 – $189

ICE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $12.64B

2016-12-31 → 2025-12-31

EPS $5.77

2016-12-31 → 2025-12-31

Free Cash Flow $4.29B

2016-12-31 → 2025-12-31

Margins 26.2%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

ICE

Peer Median

P/E (TTM)

28.1

30.8

P/S (TTM)

7.3

7.9

P/B

3.2

5.0

EV / EBITDA

22.7

—

Price / FCF

21.4

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

ICE

Peer Median

Operating Margin

39.0%

—

Net Profit Margin

26.2%

27.7%

ROA

2.4%

7.8%

ROE

11.7%

13.9%

ROIC

7.7%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

ICE

Peer Median

Debt / Equity

0.7

34.1

Current Ratio

1.0

Quick Ratio

0.0

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

ICE

Peer Median

Revenue YoY

7.5%

—

Revenue CAGR 3Y

9.5%

—

Revenue CAGR 5Y

8.9%

—

EPS YoY

20.7%

—

Net Income YoY

20.4%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

ICE

Peer Median

EPS (Diluted)

$5.77

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

ICE

Peer Median

Payout Ratio

33.3%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

1.2%

Payout Ratio

33.3%

5Y Div CAGR

—

Ex-date	Amount
March 17, 2026	$0.5200
Dec. 16, 2025	$0.4800
Sept. 16, 2025	$0.4800
June 13, 2025	$0.4800
March 17, 2025	$0.4800
Dec. 16, 2024	$0.4500
Sept. 16, 2024	$0.4500
June 13, 2024	$0.4500
March 14, 2024	$0.4500
Dec. 13, 2023	$0.4200
Sept. 14, 2023	$0.4200
June 14, 2023	$0.4200
March 16, 2023	$0.4200
Dec. 14, 2022	$0.3800
Sept. 15, 2022	$0.3800
June 14, 2022	$0.3800
March 16, 2022	$0.3800
Dec. 16, 2021	$0.3300
Sept. 15, 2021	$0.3300
June 15, 2021	$0.3300

ICE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 21 analysts

Strong Buy 5 23.8%
Buy 13 61.9%
Hold 3 14.3%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

15 analysts · 2026-05-22

Median $199.00

← Below all targets $153.37

Low $174.00

High $251.00

Median target $199.00 +29.8%

Mean target $199.53 +30.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.04%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$2.35	$2.28	0.07%
Dec. 31, 2025	$1.71	$1.69	0.02%
Sept. 30, 2025	$1.71	$1.62	0.09%
June 30, 2025	$1.81	$1.79	0.02%
March 31, 2025	$1.72	$1.72	-0.00%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
ICE	$91.83B	28.1	7.5%	26.2%	11.7%	—
SPGI	$156.15B	35.6	7.9%	29.1%	13.9%	—
CME	—	24.5	6.4%	62.5%	14.8%	—
MCO	—	37.4	8.9%	31.9%	64.5%	—
NDAQ	$55.35B	31.4	11.7%	21.6%	15.3%	63.5%
COIN	$60.57B	50.8	9.4%	17.5%	9.4%	—
MSCI	$42.21B	36.6	9.8%	38.4%	-67.9%	—
TW	$25.32B	28.4	18.9%	39.6%	13.2%	—
FDS	$14.05B	24.0	5.4%	25.7%	28.1%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14

Annual Income Statement data for ICE
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$12.64B	$11.76B	$9.90B	$9.64B	$9.17B	$8.24B	$6.55B	$6.28B	$5.84B	$5.97B	$4.68B	$4.35B
SG&A Expense	$293M	$307M	$266M	$226M	$215M	$185M	$161M	$151M	$155M	$116M	$116M	$143M
Operating Expenses	$5.00B	$4.97B	$4.29B	$3.65B	$3.70B	$3.00B	$2.53B	$2.40B	$2.26B	$2.34B	$1.59B	$1.64B
Operating Income	$4.93B	$4.31B	$3.69B	$3.64B	$3.45B	$3.03B	$2.67B	$2.58B	$2.38B	$2.17B	$1.75B	$1.45B
Interest Expense	·	·	$808M	$616M	$423M	$357M	$285M	$244M	$187M	$178M	$97M	$96M
Other Non-op	$101M	$88M	$-311M	$-1.32B	$2.67B	$80M	$58M	$159M	$326M	$46M	$0	$55M
Pretax Income	$4.35B	$3.63B	$2.89B	$1.81B	$5.70B	$2.77B	$2.48B	$2.52B	$2.53B	$2.04B	$1.65B	$1.41B
Income Tax	$976M	$826M	$456M	$310M	$1.63B	$658M	$521M	$500M	$-28M	$586M	$358M	$402M
Net Income	$3.31B	$2.75B	$2.37B	$1.45B	$4.06B	$2.09B	$1.93B	$1.99B	$2.53B	$1.43B	$1.27B	$981M
EPS (Basic)	$5.79	$4.80	$4.20	$2.59	$7.22	$3.79	$3.44	$3.46	$4.29	$2.40	$2.29	$1.72
EPS (Diluted)	$5.77	$4.78	$4.19	$2.58	$7.18	$3.77	$3.42	$3.43	$4.25	$2.39	$2.28	$1.71
Shares (Basic)	572,000,000	573,000,000	564,000,000	559,000,000	562,000,000	552,000,000	561,000,000	575,000,000	589,000,000	595,000,000	556,000,000	570,000,000
Shares (Diluted)	575,000,000	576,000,000	565,000,000	561,000,000	565,000,000	555,000,000	565,000,000	579,000,000	594,000,000	599,000,000	559,000,000	573,000,000
EBITDA	$4.93B	·	·	·	$3.45B	$3.03B	$2.67B	$2.58B	$2.38B	$2.17B	$1.75B	$1.45B

Balance Sheet 30

Annual Balance Sheet data for ICE
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$837M	$844M	$899M	$1.80B	$607M	$583M	$841M	$724M	$535M	$1.35B	$1.55B	$1.28B
Short-term Investments	·	·	·	·	·	·	·	·	$16M	$23M	$29M	$1.20B
Receivables	$1.55B	$1.49B	$1.37B	$1.17B	$1.21B	$1.23B	$988M	$953M	$903M	$777M	$700M	$508M
Prepaid Expense	$786M	$713M	$703M	$458M	$1.02B	$323M	$220M	$242M	$133M	$97M	$131M	$85M
Other Current Assets	·	·	·	·	·	·	·	·	·	$1.58B	$1.52B	$2.11B
Current Assets	$85.78B	$89.09B	$84.97B	$156.95B	$154.30B	$87.22B	$67.98B	$66.69B	$53.56B	$57.13B	$53.31B	$50.23B
PP&E (Net)	·	·	·	·	·	·	$1.54B	$1.24B	$1.25B	$1.13B	$1.04B	$874M
PP&E (Gross)	·	·	·	·	·	·	·	$2.51B	$2.28B	$1.94B	$1.62B	$1.30B
Accum. Depreciation	·	·	·	·	·	·	·	$1.27B	$1.03B	$807M	$586M	$427M
Goodwill	$30.65B	$30.59B	$30.55B	$21.11B	$21.12B	$21.29B	$13.34B	$13.09B	$12.22B	$12.29B	$12.08B	$8.54B
Intangibles	$15.35B	$16.31B	$17.32B	$13.09B	$13.74B	$14.41B	$10.26B	$10.46B	$10.27B	$10.42B	$10.76B	$7.78B
Other Non-current Assets	$48.42B	$48.18B	$49.19B	$35.62B	$37.50B	$37.27B	$24.98B	$24.86B	$23.46B	$23.74B	$23.64B	$17.15B
Total Assets	$136.89B	$139.43B	$136.08B	$194.34B	$193.50B	$126.20B	$94.49B	$92.79B	$78.26B	$82.00B	$77.99B	$68.25B
Accounts Payable	$1.08B	$1.05B	$1.00B	$866M	$703M	$639M	$505M	$521M	$462M	$388M	$398M	$409M
Short-term Debt	$1.03B	$3.03B	$1.95B	$4M	$1.52B	$2.41B	$2.57B	$951M	$1.83B	$2.49B	$2.59B	$2.04B
Current Liabilities	$84.12B	$89.55B	$84.63B	$149.17B	$153.41B	$88.00B	$68.82B	$66.11B	$54.17B	$58.62B	$54.74B	$50.44B
Capital Leases	$635M	$335M	$299M	$254M	$252M	$320M	$281M	$0	·	·	·	·
Deferred Tax	$4.00B	$3.90B	$4.08B	$3.49B	$4.10B	$3.56B	$2.31B	$2.34B	$2.30B	$2.96B	$2.84B	$2.03B
Other Non-current Liabilities	$364M	$405M	$441M	$381M	$394M	$359M	$270M	$350M	$296M	$337M	$337M	$482M
Total Liabilities	$107.90B	$111.71B	$110.30B	$171.58B	$170.75B	$106.57B	$77.13B	$75.49B	$61.28B	$66.21B	$63.11B	$55.70B
Long-term Debt	$19.64B	$20.37B	$22.61B	$18.12B	$13.92B	$16.54B	$7.82B	$7.44B	$6.10B	$3.87B	$4.72B	$2.25B
Total Debt	$20.68B	·	·	·	$15.44B	$18.95B	$10.39B	$8.39B	$7.93B	$8.86B	$9.90B	$6.33B
Common Stock	$7M	$7M	$6M	$6M	$6M	$6M	$6M	$6M	$6M	$6M	$6M	$1M
Paid-in Capital	$16.64B	$16.29B	$15.95B	$14.31B	$14.07B	$13.85B	$11.74B	$11.55B	$11.39B	$11.31B	$12.29B	$9.94B
Retained Earnings	$20.28B	$18.07B	$16.36B	$14.94B	$14.35B	$11.04B	$9.63B	$8.32B	$6.86B	$4.79B	$4.15B	$3.21B
Treasury Stock	$7.79B	$6.38B	$6.30B	$6.22B	$5.52B	$5.20B	$3.88B	$2.35B	$1.08B	$40M	$1.45B	$743M
AOCI	$-224M	$-338M	$-294M	$-331M	$-196M	$-192M	$-243M	$-315M	$-223M	$-344M	$-188M	$-46M
Stockholders' Equity	$28.91B	$27.65B	$25.72B	$22.71B	$22.71B	$19.50B	$17.25B	$17.20B	$16.96B	$15.72B	$14.81B	$12.36B
Liabilities + Equity	$136.89B	$139.43B	$136.08B	$194.34B	$193.50B	$126.20B	$94.49B	$92.79B	$78.26B	$82.00B	$77.99B	$68.25B
Shares Outstanding	567,000,000	651,000,000	649,000,000	634,000,000	631,000,000	629,000,000	607,000,000	569,000,000	583,000,000	595,000,000	594,000,000	113,000,000

Cash Flow 15

Annual Cash Flow data for ICE
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$1.56B	$1.54B	$1.22B	$1.03B	$1.01B	$751M	$662M	$586M	$535M	$610M	$374M	$333M
Stock-based Comp	$238M	$231M	$257M	$155M	$188M	$139M	$139M	$130M	$135M	$124M	$111M	$97M
Deferred Tax	$82M	$-142M	$-329M	$-593M	$537M	$92M	$-33M	$27M	$-654M	$120M	$-108M	$21M
Amort. of Intangibles	$994M	$1.01B	$749M	$610M	$622M	$388M	·	·	$272M	$323M	$160M	$151M
Operating Cash Flow	$4.66B	$4.61B	$3.54B	$3.55B	$3.12B	$2.88B	$2.66B	$2.53B	$2.08B	$2.15B	$1.31B	$1.46B
CapEx	$373M	$406M	$190M	$225M	$179M	$207M	$153M	$134M	$220M	$250M	$190M	$172M
Investing Cash Flow	$-4.25B	$-921M	$-8.80B	$677M	$-786M	$-10.36B	$-1.74B	$-1.75B	$92M	$-860M	$-3.00B	$36M
Stock Repurchased	$1.29B	$0	$0	$632M	$250M	$1.25B	$1.46B	$1.20B	$949M	$50M	$660M	$645M
Net Stock Activity	$-1.29B	·	·	·	$-250M	$-1.25B	$-1.46B	$-1.20B	$-949M	$-50M	$-660M	$-645M
Dividends Paid	$1.10B	$1.04B	$955M	$853M	$747M	$669M	$621M	$555M	$476M	$409M	$331M	$299M
Financing Cash Flow	$-6.33B	$79M	$-64.34B	$-1.84B	$62.03B	$26.00B	$-424M	$-463M	$-1.97B	$-1.46B	$1.98B	$-1.67B
Net Change in Cash	$-5.89B	$3.75B	$-69.59B	$2.37B	$64.36B	$18.53B	$499M	$304M	$218M	$-197M	$269M	$-309M
Taxes Paid	$1.10B	·	·	·	·	·	·	·	·	·	·	·
Free Cash Flow	$4.29B	·	·	·	$2.94B	$2.67B	$2.51B	$2.40B	$1.86B	$1.90B	$1.12B	$1.29B
Levered FCF	·	·	·	·	$2.64B	$2.40B	$2.28B	$2.20B	$1.68B	$1.77B	$1.05B	$1.22B

Profitability 7

Annual Profitability data for ICE
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	39.0%	·	·	·	37.6%	36.8%	·	·	40.8%	36.4%	37.4%	34.3%
Net Margin	26.2%	·	·	·	44.3%	25.3%	·	·	43.1%	23.9%	27.2%	23.2%
Pretax Margin	34.4%	·	·	·	62.2%	33.6%	·	·	43.1%	34.1%	35.3%	33.3%
EBITDA Margin	39.0%	·	·	·	37.6%	36.8%	·	·	40.8%	36.4%	37.4%	34.3%
ROA	2.4%	·	·	·	2.5%	1.9%	2.1%	2.3%	3.1%	1.8%	1.7%	1.5%
ROE	11.7%	·	·	·	19.2%	11.4%	11.2%	11.6%	15.4%	9.3%	9.4%	7.8%
ROIC	7.7%	·	·	·	6.5%	6.0%	7.6%	8.1%	9.7%	6.3%	5.5%	5.5%

Liquidity & Solvency 5

Annual Liquidity & Solvency data for ICE
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.0	·	·	·	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Quick Ratio	0.0	·	·	·	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Debt / Equity	0.7	·	·	·	0.7	1.0	0.6	0.5	0.5	0.6	0.7	0.5
LT Debt / Equity	0.6	·	·	·	0.5	0.7	0.3	0.4	0.3	0.2	0.3	0.2
Interest Coverage	·	·	·	·	8.2	8.5	9.4	10.6	12.7	12.2	18.0	15.1

Efficiency 2

Annual Efficiency data for ICE
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.1	·	·	·	0.1	0.1	·	·	0.1	0.1	0.1	0.1
Receivables Turnover		8.3	·	·	·	7.5	7.4	·	·	6.9	8.1	7.8	8.3

Per Share 6

Annual Per Share data for ICE
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$51.00	·	·	·	$40.48	$34.76	$31.15	$30.23	$29.03	$26.46	$124.44	$109.38
Revenue / Share	$21.98	·	·	·	$16.23	$14.85	·	·	$9.82	$9.95	$41.80	$36.70
Cash Flow / Share	$8.11	·	·	·	$5.53	$5.19	$4.71	$4.37	$3.51	$3.59	$11.71	$12.72
Cash / Share	$1.48	·	·	·	·	·	·	·	$2.69	$0.69	$5.27	$5.77
Dividend / Share	$2	$2	$2	$2	$1	$1	$1	$1	$1	$1	$1	$1
EPS (TTM)	$5.77	$4.78	$4.19	$2.58	$7.18	$3.77	$3.42	$3.43	$4.25	$2.39	$2.28	$1.71

Growth Rates 10

Annual Growth Rates data for ICE
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	7.5%	18.8%	2.8%	5.1%	11.2%	·	·	·	·	·	·	·
Revenue CAGR 3Y	9.5%	8.7%	6.3%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	8.9%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	20.7%	14.1%	62.4%	-64.1%	90.5%	·	·	·	·	·	·	·
EPS CAGR 3Y	30.8%	-12.7%	3.6%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	8.9%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	20.4%	16.3%	63.8%	-64.4%	94.3%	·	·	·	·	·	·	·
Net Income CAGR 3Y	31.9%	-12.1%	4.3%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	9.7%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	10.6%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 16

Annual Valuation (TTM) data for ICE
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$12.64B	$11.76B	$9.90B	$9.64B	$9.17B	$8.24B	$6.55B	$6.28B	$5.84B	$5.97B	$4.68B	$4.35B
Net Income TTM	$3.31B	$2.75B	$2.37B	$1.45B	$4.06B	$2.09B	$1.93B	$1.99B	$2.53B	$1.43B	$1.27B	$981M
Market Cap	$91.83B	·	·	·	$76.73B	$64.68B	$51.27B	$42.86B	$41.14B	$33.51B	$6.10B	$4.96B
Enterprise Value	$111.67B	·	·	·	·	·	·	·	$47.49B	$41.94B	$15.34B	$9.43B
P/E	28.1	31.2	30.7	39.8	19.0	30.6	27.1	22.0	16.6	23.6	22.5	25.6
P/S	7.3	·	·	·	8.4	7.8	7.8	6.8	7.0	5.6	1.3	1.1
P/B	3.2	·	·	·	3.4	3.3	3.0	2.5	2.4	2.1	0.4	0.4
P / Cash Flow	19.7	·	·	·	24.6	22.4	19.3	16.9	19.7	15.6	4.7	3.4
P / FCF	21.4	·	·	·	26.1	24.2	20.5	17.9	22.1	17.6	5.4	3.8
EV / EBITDA	22.7	·	·	·	·	·	·	·	20.0	19.4	8.8	6.5
EV / FCF	26.0	·	·	·	·	·	·	·	25.5	22.1	13.7	7.3
EV / Revenue	8.8	·	·	·	·	·	·	·	8.1	7.0	3.3	2.2
Dividend Yield	1.2%	·	·	·	0.97%	1.0%	1.2%	1.3%	1.2%	1.2%	5.4%	6.0%
Earnings Yield	3.6%	3.2%	3.3%	2.5%	5.2%	3.3%	3.7%	4.5%	6.0%	4.2%	4.5%	3.9%
Payout Ratio	33.3%	·	·	·	18.4%	32.0%	32.1%	27.9%	18.9%	28.8%	26.0%	30.5%
Annual Payout	$1.10B	$1.04B	$955M	$853M	$747M	$669M	$621M	$555M	$476M	$409M	$331M	$299M

Income Statement 14

Quarterly Income Statement data for ICE
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$3.67B	$3.14B	$3.01B	$3.26B	$3.23B	$3.03B	$3.03B	$2.90B	$2.80B	$2.67B	$2.43B	$2.34B	$2.47B	$2.38B	$2.39B	$2.41B
SG&A Expense	$85M	$74M	$77M	$66M	$76M	$75M	$54M	$100M	$78M	$70M	$59M	$63M	$74M	$60M	$54M	$57M
Operating Expenses	$1.31B	$1.27B	$1.24B	$1.25B	$1.25B	$1.25B	$1.25B	$1.25B	$1.23B	$1.28B	$1.16B	$933M	$927M	$904M	$898M	$945M
Operating Income	$1.67B	$1.24B	$1.17B	$1.30B	$1.22B	$1.08B	$1.10B	$1.07B	$1.06B	$925M	$845M	$955M	$969M	$864M	$913M	$869M
Interest Expense	·	·	·	·	·	·	·	·	$241M	·	$206M	$175M	$176M	·	$176M	$161M
Other Non-op	$411M	$6M	$71M	$5M	$19M	$5M	$-21M	$-8M	$112M	$-190M	$-51M	$-35M	$-35M	$-190M	$-1.10B	$23M
Pretax Income	$1.90B	$1.07B	$1.08B	$1.13B	$1.07B	$905M	$898M	$861M	$964M	$516M	$682M	$847M	$849M	$564M	$-327M	$739M
Income Tax	$465M	$204M	$250M	$267M	$255M	$196M	$227M	$222M	$181M	$126M	$123M	$32M	$175M	$124M	$-152M	$173M
Net Income	$1.41B	$851M	$816M	$851M	$797M	$698M	$657M	$632M	$767M	$373M	$541M	$799M	$655M	$425M	$-191M	$555M
EPS (Basic)	$2.49	$1.48	$1.43	$1.49	$1.39	$1.21	$1.15	$1.10	$1.34	$0.64	$0.96	$1.43	$1.17	$0.77	$-0.34	$0.99
EPS (Diluted)	$2.48	$1.49	$1.42	$1.48	$1.38	$1.21	$1.14	$1.10	$1.33	$0.64	$0.96	$1.42	$1.17	$0.77	$-0.34	$0.99
Shares (Basic)	567,000,000	-1,147,000,000	572,000,000	573,000,000	574,000,000	-1,147,000,000	574,000,000	573,000,000	573,000,000	-1,118,000,000	563,000,000	560,000,000	559,000,000	-1,118,000,000	558,000,000	558,000,000
Shares (Diluted)	570,000,000	-1,151,000,000	574,000,000	575,000,000	577,000,000	-1,151,000,000	577,000,000	575,000,000	575,000,000	-1,122,000,000	565,000,000	561,000,000	561,000,000	-1,123,000,000	560,000,000	560,000,000
EBITDA	$1.67B	·	$1.17B	$1.30B	$1.22B	·	$1.10B	$1.07B	$1.06B	·	$845M	$955M	$969M	·	$913M	$869M

Balance Sheet 25

Quarterly Balance Sheet data for ICE
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$863M	$837M	$850M	$1.00B	$783M	$844M	$755M	$885M	$863M	$899M	$837M	$2.88B	$2.07B	$1.80B	$1.18B	$830M
Receivables	$2.38B	$1.55B	$1.54B	$1.65B	$1.88B	$1.49B	$1.56B	$1.55B	$1.65B	·	$1.42B	$1.31B	$1.65B	·	$1.25B	$1.37B
Prepaid Expense	$679M	$786M	$840M	$771M	$735M	$713M	$739M	$677M	$628M	·	$741M	$555M	$503M	·	$558M	$457M
Current Assets	$127.06B	$85.78B	$90.85B	$93.97B	$92.64B	$89.09B	$84.69B	$86.99B	$80.54B	·	$85.40B	$99.22B	$114.34B	·	$173.71B	$176.38B
Goodwill	$30.63B	$30.65B	$30.64B	$30.65B	$30.62B	$30.59B	$30.60B	$30.55B	$30.55B	$30.55B	$30.46B	$21.13B	$21.12B	$21.11B	$21.07B	$21.11B
Intangibles	$15.11B	$15.35B	$15.59B	$15.85B	$16.07B	$16.31B	$16.57B	$16.80B	$17.06B	$17.32B	$17.59B	$12.81B	$12.95B	$13.09B	$13.21B	$13.40B
Other Non-current Assets	$49.41B	$48.42B	$47.64B	$47.84B	$48.01B	$48.18B	$48.48B	$48.70B	$48.90B	·	$49.71B	$35.34B	$35.49B	·	$35.86B	$37.13B
Total Assets	$179.18B	$136.89B	$140.90B	$144.18B	$142.87B	$139.43B	$135.20B	$137.68B	$131.40B	·	$137.02B	$136.28B	$151.55B	·	$211.29B	$215.21B
Accounts Payable	$1.31B	$1.08B	$1.04B	$1.07B	$1.06B	$1.05B	$1.04B	$1.01B	$967M	·	$964M	$919M	$949M	·	$788M	$719M
Short-term Debt	$1.75B	$1.03B	$1.67B	$1.85B	$2.93B	$3.03B	$2.62B	$3.23B	$1.92B	·	$2.26B	$0	$0	·	$7M	$4M
Current Liabilities	$125.69B	$84.12B	$89.78B	$93.44B	$92.72B	$89.55B	$84.56B	$87.46B	$80.05B	·	$85.28B	$90.20B	$106.01B	·	$166.32B	$169.42B
Capital Leases	$615M	$635M	$476M	$458M	$340M	$335M	$318M	$323M	$325M	$299M	$306M	$218M	$233M	·	$267M	$267M
Deferred Tax	$4.14B	$4.00B	$4.00B	$3.81B	$3.85B	$3.90B	$3.85B	$3.95B	$4.03B	·	$4.21B	$3.26B	$3.41B	·	$3.56B	$3.94B
Other Non-current Liabilities	$383M	$364M	$403M	$415M	$403M	$405M	$434M	$449M	$454M	·	$493M	$432M	$411M	·	$417M	$412M
Total Liabilities	$149.62B	$107.90B	$112.19B	$115.65B	$114.83B	$111.71B	$107.93B	$110.94B	$105.11B	·	$111.51B	$112.39B	$128.34B	·	$188.87B	$192.35B
Long-term Debt	$20.37B	$19.64B	$19.03B	$19.21B	$20.28B	$20.37B	$21.20B	$21.81B	$21.98B	·	$23.30B	$18.13B	$18.12B	·	$18.12B	$18.11B
Total Debt	$22.12B	·	$20.70B	$21.06B	$23.21B	·	$23.82B	$25.04B	$23.90B	·	$25.56B	$18.13B	$18.12B	·	$18.13B	$18.12B
Common Stock	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M	·	$6M	$6M	$6M	·	$6M	$6M
Paid-in Capital	$16.77B	$16.64B	$16.57B	$16.47B	$16.40B	$16.29B	$16.23B	$16.13B	$16.05B	·	$15.84B	$14.45B	$14.39B	·	$14.27B	$14.20B
Retained Earnings	$21.40B	$20.28B	$19.70B	$19.16B	$18.59B	$18.07B	$17.63B	$17.24B	$16.86B	·	$16.23B	$15.93B	$15.36B	·	$14.73B	$15.13B
Treasury Stock	$8.44B	$7.79B	$7.39B	$6.98B	$6.72B	$6.38B	$6.38B	$6.38B	$6.38B	·	$6.28B	$6.28B	$6.27B	·	$6.22B	$6.22B
AOCI	$-251M	$-224M	$-247M	$-218M	$-303M	$-338M	$-251M	$-309M	$-305M	·	$-331M	$-284M	$-315M	·	$-403M	$-305M
Stockholders' Equity	$29.48B	$28.91B	$28.64B	$28.44B	$27.97B	$27.65B	$27.23B	$26.69B	$26.24B	·	$25.46B	$23.82B	$23.17B	·	$22.38B	$22.81B
Liabilities + Equity	$179.18B	$136.89B	$140.90B	$144.18B	$142.87B	$139.43B	$135.20B	$137.68B	$131.40B	·	$137.02B	$136.28B	$151.55B	·	$211.29B	$215.21B
Shares Outstanding	566,000,000	567,000,000	570,000,000	572,000,000	574,000,000	574,000,000	574,000,000	573,000,000	573,000,000	649,000,000	572,000,000	560,000,000	559,000,000	634,000,000	559,000,000	558,000,000

Cash Flow 14

Quarterly Cash Flow data for ICE
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$384M	$389M	$387M	$395M	$389M	$389M	$386M	$381M	$381M	$379M	$309M	$267M	$260M	$263M	$258M	$256M
Stock-based Comp	$78M	$225M	$4M	$4M	$57M	$217M	$4M	$4M	$6M	$93M	$79M	$45M	$40M	$39M	$40M	$38M
Deferred Tax	$140M	$-6M	$197M	$-49M	$-60M	$57M	$-83M	$-66M	$-50M	$-82M	$-8M	$-156M	$-83M	$-78M	$-368M	$-61M
Amort. of Intangibles	$237M	$238M	$250M	$253M	$253M	$253M	$253M	$252M	$254M	·	$191M	$151M	$150M	·	$153M	$153M
Operating Cash Flow	$1.33B	$1.27B	$915M	$1.51B	$966M	$1.51B	$898M	$1.20B	$1.01B	$969M	$768M	$1.15B	$653M	$1.09B	$737M	$969M
CapEx	$64M	$166M	$62M	$60M	$85M	$194M	$79M	$75M	$58M	$86M	$43M	$40M	$21M	$100M	$55M	$34M
Investing Cash Flow	$-1.42B	$-3.08B	$-82M	$1.07B	$-2.15B	$-920M	$-73M	$-187M	$259M	$606M	$-10.55B	$-901M	$2.04B	$3.04B	$-5.20B	$1.96B
Stock Repurchased	$551M	$400M	$398M	$255M	$241M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$157M
Net Stock Activity	$-551M	·	·	·	$-241M	·	·	·	·	·	·	·	$0	·	·	·
Dividends Paid	$297M	$274M	$276M	$277M	$278M	$259M	$261M	$261M	$258M	$242M	$241M	$236M	$236M	$213M	$213M	$213M
Financing Cash Flow	$40.92B	$-5.40B	$-3.79B	$572M	$2.28B	$2.80B	$-2.33B	$5.14B	$-5.52B	$-1.63B	$-4.83B	$-15.54B	$-42.35B	$-18.21B	$-2.87B	$5.56B
Net Change in Cash	$40.82B	$-7.21B	$-2.96B	$3.17B	$1.11B	$3.36B	$-1.49B	$6.14B	$-4.26B	$-45M	$-14.62B	$-15.28B	$-39.65B	$-14.07B	$-7.35B	$8.47B
Free Cash Flow	$1.26B	·	·	·	$881M	·	·	·	$951M	·	·	·	$632M	·	·	·
Levered FCF	·	·	·	·	·	·	·	·	$755M	·	·	·	$492M	·	·	·

Profitability 7

Quarterly Profitability data for ICE
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	45.4%	·	39.0%	39.8%	37.8%	·	36.4%	36.8%	38.0%	·	34.8%	40.9%	39.2%	·	38.2%	36.0%
Net Margin	38.5%	·	27.1%	26.1%	24.7%	·	21.7%	21.8%	27.4%	·	22.3%	34.2%	26.5%	·	-8.0%	23.0%
Pretax Margin	51.7%	·	35.9%	34.7%	33.0%	·	29.6%	29.7%	34.4%	·	28.1%	36.3%	34.3%	·	-13.7%	30.6%
EBITDA Margin	45.4%	·	39.0%	39.8%	37.8%	·	36.4%	36.8%	38.0%	·	34.8%	40.9%	39.2%	·	38.2%	36.0%
ROA	0.88%	·	0.59%	0.60%	0.58%	·	0.48%	0.46%	0.54%	·	0.31%	0.45%	0.36%	·	-0.11%	0.32%
ROE	4.9%	·	2.9%	3.1%	2.9%	·	2.5%	2.5%	3.1%	·	2.3%	3.4%	2.9%	·	-0.87%	2.5%
ROIC	2.4%	·	1.8%	2.0%	1.8%	·	1.6%	1.5%	1.7%	·	1.4%	2.2%	1.9%	·	1.2%	1.6%

Liquidity & Solvency 5

Quarterly Liquidity & Solvency data for ICE
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	1.0	·	1.0	1.0	1.0	·	1.0	1.0	1.0	·	1.0	1.1	1.1	·	1.0	1.0
Quick Ratio	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0
Debt / Equity	0.8	·	0.7	0.7	0.8	·	0.9	0.9	0.9	·	1.0	0.8	0.8	·	0.8	0.8
LT Debt / Equity	0.6	·	0.6	0.6	0.6	·	0.7	0.7	0.8	·	0.8	0.8	0.8	·	0.8	0.8
Interest Coverage	·	·	·	·	·	·	·	·	4.4	·	4.1	5.5	5.5	·	5.2	5.4

Efficiency 2

Quarterly Efficiency data for ICE
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover		0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0
Receivables Turnover		1.7	·	1.9	2.0	1.8	·	2.0	2.0	1.7	·	1.8	1.7	1.5	·	1.9	1.8

Per Share 7

Quarterly Per Share data for ICE
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	$52.08	·	$50.25	$49.73	$48.74	·	$47.44	$46.57	$45.79	·	$44.51	$42.54	$41.44	·	$40.03	$40.89
Revenue / Share	$6.43	·	$5.24	$5.67	$5.60	·	$5.26	$5.04	$4.87	·	$4.30	$4.16	$4.41	·	$4.26	$4.31
Cash Flow / Share	$2.33	·	·	·	$1.67	·	·	·	$1.75	·	·	·	$1.16	·	·	·
Cash / Share	$1.52	·	$1.49	$1.75	$1.36	·	$1.32	$1.54	$1.51	·	$1.46	$5.14	$3.70	·	$2.12	$1.49
Dividend / Share	$1	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Dividend Paid / Share	·	·	·	·	·	·	·	$0	$0	·	$0	$0	$0	·	$0	$0
EPS (TTM)	$6.76	·	$5.42	$5.10	$4.95	·	$4.53	$4.81	$4.88	·	$3.21	$3.24	$2.98	·	$2.93	$5.49

Valuation (TTM) 16

Quarterly Valuation (TTM) data for ICE
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$13.16B	·	$12.53B	$12.42B	$11.96B	·	$11.16B	$10.46B	$10.04B	·	$9.62B	$9.61B	$9.73B	·	$9.54B	$9.28B
Net Income TTM	$3.88B	·	$3.12B	$2.94B	$2.85B	·	$2.60B	$2.74B	$2.76B	·	$1.80B	$1.82B	$1.68B	·	$1.65B	$3.10B
Market Cap	$89.02B	·	$96.03B	$104.94B	$99.02B	·	$92.21B	$78.44B	$78.75B	·	$62.93B	$63.32B	$58.30B	·	$50.51B	$52.47B
Enterprise Value	$110.28B	·	$115.88B	$125.00B	$121.44B	·	$115.27B	$102.59B	$101.78B	·	$87.65B	$78.58B	$74.35B	·	$67.45B	$69.76B
P/E	23.3	·	31.1	36.0	34.8	·	35.5	28.5	28.2	·	34.3	34.9	35.0	·	30.8	17.1
P/S	6.8	·	7.7	8.4	8.3	·	8.3	7.5	7.8	·	6.5	6.6	6.0	·	5.3	5.7
P/B	3.0	·	3.4	3.7	3.5	·	3.4	2.9	3.0	·	2.5	2.7	2.5	·	2.3	2.3
P / Cash Flow	67.1	·	·	·	102.5	·	·	·	78.0	·	·	·	89.3	·	·	·
P / FCF	70.5	·	·	·	112.4	·	·	·	82.8	·	·	·	92.2	·	·	·
EV / EBITDA	66.2	·	98.7	96.4	99.5	·	104.5	96.2	95.8	·	103.7	82.3	76.7	·	73.9	80.3
EV / FCF	87.4	·	·	·	137.8	·	·	·	107.0	·	·	·	117.6	·	·	·
EV / Revenue	8.4	·	9.2	10.1	10.2	·	10.3	9.8	10.1	·	9.1	8.2	7.6	·	7.1	7.5
Dividend Yield	1.3%	·	1.1%	1.0%	1.1%	·	1.1%	1.3%	1.2%	·	1.5%	1.4%	1.5%	·	1.6%	1.5%
Earnings Yield	4.3%	·	3.2%	2.8%	2.9%	·	2.8%	3.5%	3.5%	·	2.9%	2.9%	2.9%	·	3.2%	5.8%
Payout Ratio	21.0%	·	33.8%	32.6%	34.9%	·	39.7%	41.3%	33.6%	·	44.5%	29.5%	36.0%	·	-111.5%	38.4%
Annual Payout	$1.13B	·	$1.09B	$1.08B	$1.06B	·	$1.02B	$996M	$971M	·	$926M	$898M	$876M	·	$827M	$801M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$12.64B	$11.76B	$9.90B	$9.64B	$9.17B
Operating Margin %	39.0%	—	—	—	37.6%
Net Income	$3.31B	$2.75B	$2.37B	$1.45B	$4.06B
Diluted EPS	$5.77	$4.78	$4.19	$2.58	$7.18

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.7	—	—	—	0.7
Current Ratio	1.0	—	—	—	1.0
Quick Ratio	0.0	—	—	—	0.0

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$4.29B	—	—	—	$2.94B

Latest News Recent headlines mentioning this company

Senate Parliamentarian Rejects White House Ballroom Funding In Reconciliation Bill ZeroHedge · 3 days, 21 hours ago
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The Slide From 'Minnesota Nice' To Assaulting Journalists ZeroHedge · 1 week, 2 days ago
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Global Supply Concerns Boost Sugar Prices Yahoo Finance · 1 week, 2 days ago
Cotton Rallies Back on Friday Yahoo Finance · 1 week, 5 days ago
Sugar Prices Settle Higher on Brazilian Real Strength Yahoo Finance · 1 week, 5 days ago
Who is Louis Mosley, the man tasked with defending Palantir against its critics? The Guardian · 1 week, 6 days ago
Sugar Prices Decline on Concern Brazil Could Boost Sugar Output Yahoo Finance · 1 week, 6 days ago
Sugar Prices Climb on Brazilian Real Strength Yahoo Finance · 2 weeks, 1 day ago

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

BLUECHIP_DIP @ $159.56 RR 4.80 Apr 22

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ICE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

ICE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

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Volume

Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

ICE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer Comparison Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals