Intercontinental Exchange, Inc. logo

Intercontinental Exchange, Inc.

ICE

NYSEFinancial ServicesFinancial - Data & Stock Exchanges

Previous close

$161.25

+$2.64 · +1.66%

Aug 21, 4:00 PM ET

Pre-market

$161.82

+$0.57 · +0.35%

Aug 24, 6:30 AM ET

ICE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

85

Deep Value

Momentum

31

Weakening

Sentiment

75

Bullish

Risk resilience

64

Moderate Risk

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Company profile

Company website

Intercontinental Exchange, Inc. (ICE) manages a global network of regulated financial venues, encompassing exchanges, clearing houses, and listing platforms. These operations serve diverse markets, including commodities, financial instruments, fixed income products, and equities, with a geographical footprint spanning key financial centers such as the United States, United Kingdom, European Union, Singapore, Israel, and Canada. The company's business is segmented into three core areas: Exchanges, Fixed Income and Data Services, and Mortgage Technology. Within its Exchanges segment, ICE oversees a robust network comprising 13 regulated exchanges and 6 clearing houses. These extensive marketplaces enable the listing, trading, and clearing of a wide spectrum of derivatives contracts and financial securities. This includes futures and options across diverse sectors such as energy, agriculture, metals, financials, and equities, in addition to providing critical listing, market data, and connectivity solutions. The Fixed Income and Data Services division provides comprehensive analytics and execution services for fixed income products, manages Credit Default Swap (CDS) clearing, and offers multi-asset class data and network solutions. Furthermore, its Mortgage Technology segment delivers an advanced, proprietary platform designed for residential mortgage origination. This division also provides closing solutions that streamline connections across the mortgage supply chain and facilitate secure information exchange, alongside data analytics and "Data as a Service" offerings for lenders to access vital origination insights. Intercontinental Exchange, Inc. was established in 2000 and maintains its headquarters in Atlanta, Georgia.

Industry
Financial - Data & Stock Exchanges
Sector
Financial Services
Headquarters
US
CEO
Jeffrey C. Sprecher
Listed since
Nov 16, 2005
Employees
12,725

Market position

Day range

Current $161.25

52-week range

Current $161.25

Open
$160
Previous close
$158.61
Volume
2.68M
0.65× average
Average volume
4.15M
Average daily volume
Market cap
90.52B USD
Beta
0.93
Market reference 1
50-day average
$142.62
+13.06% above average
200-day average
$154.66
+4.26% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
111.94B USD
P/E (TTM)
22.68×
P/B (TTM)
3.08×
P/S (TTM)
6.74×
EV / EBITDA
16.85×
Earnings yield
3.57%
Free cash flow yield
4.64%
Dividend yield
1.24%

Profitability & efficiency

Gross margin
73.42%
Operating margin
44.92%
Net margin
30.00%
Return on equity
11.43%
Return on assets
2.41%
Return on invested capital
7.03%

Financial health

Debt / equity
0.69×
Current ratio
1.02×
Altman Z-score
0.74
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends67%48%29%10%Gross margin, FY2021: 54.73%Gross margin, FY2022: 53.99%Gross margin, FY2023: 57.14%Gross margin, FY2024: 55.45%Gross margin, FY2025: 61.88%Operating margin, FY2021: 37.62%Operating margin, FY2022: 37.75%Operating margin, FY2023: 37.30%Operating margin, FY2024: 36.64%Operating margin, FY2025: 38.74%Net margin, FY2021: 44.26%Net margin, FY2022: 15.01%Net margin, FY2023: 23.91%Net margin, FY2024: 23.42%Net margin, FY2025: 26.14%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 54.73%. Gross margin FY2022 53.99%. Gross margin FY2023 57.14%. Gross margin FY2024 55.45%. Gross margin FY2025 61.88%. Operating margin FY2021 37.62%. Operating margin FY2022 37.75%. Operating margin FY2023 37.30%. Operating margin FY2024 36.64%. Operating margin FY2025 38.74%. Net margin FY2021 44.26%. Net margin FY2022 15.01%. Net margin FY2023 23.91%. Net margin FY2024 23.42%. Net margin FY2025 26.14%.

Income trends

Revenue

12.64B USD+7.46%

Operating income

4.9B USD+13.62%

Net income

3.3B USD+19.97%
Income trends across reported periods13.76B USD9.28B USD4.8B USD326.8M USDRevenue, FY2021: 9.17B USDRevenue, FY2022: 9.64B USDRevenue, FY2023: 9.9B USDRevenue, FY2024: 11.76B USDRevenue, FY2025: 12.64B USDOperating income, FY2021: 3.45B USDOperating income, FY2022: 3.64B USDOperating income, FY2023: 3.69B USDOperating income, FY2024: 4.31B USDOperating income, FY2025: 4.9B USDNet income, FY2021: 4.06B USDNet income, FY2022: 1.45B USDNet income, FY2023: 2.37B USDNet income, FY2024: 2.75B USDNet income, FY2025: 3.3B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 9.17B USD. Revenue FY2022 9.64B USD. Revenue FY2023 9.9B USD. Revenue FY2024 11.76B USD. Revenue FY2025 12.64B USD. Operating income FY2021 3.45B USD. Operating income FY2022 3.64B USD. Operating income FY2023 3.69B USD. Operating income FY2024 4.31B USD. Operating income FY2025 4.9B USD. Net income FY2021 4.06B USD. Net income FY2022 1.45B USD. Net income FY2023 2.37B USD. Net income FY2024 2.75B USD. Net income FY2025 3.3B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue12.64B USD11.76B USD9.9B USD9.64B USD9.17B USD
Cost of goods sold4.82B USD5.24B USD4.24B USD4.43B USD4.15B USD
Gross profit7.82B USD6.52B USD5.66B USD5.2B USD5.02B USD
Selling, general, and administrative1.7B USD572M USD481M USD440M USD458M USD
Operating expenses2.93B USD2.21B USD1.97B USD1.56B USD1.57B USD
Interest income140M USD141M USD319M USD108M USD1M USD
Interest expense781M USD910M USD808M USD616M USD423M USD
Depreciation and amortization1.56B USD1.54B USD1.22B USD1.03B USD1.01B USD
Operating income4.9B USD4.31B USD3.69B USD3.64B USD3.45B USD
Net income3.3B USD2.75B USD2.37B USD1.45B USD4.06B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 1 miss, 2 met estimates
Average EPS surprise
+2.29%
11 comparable reports
Latest EPS result
1.9
Estimate 1.84 · Beat by 3.26%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.442.11.771.43Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 1.52, estimate 1.53, surprise -0.65%, Miss. Q2 2025, reported May 1, 2025: actual 1.72, estimate 1.7, surprise +1.18%, Beat. Q3 2025, reported Jul 31, 2025: actual 1.81, estimate 1.77, surprise +2.26%, Beat. Q4 2025, reported Oct 30, 2025: actual 1.71, estimate 1.6, surprise +6.87%, Beat. Q1 2026, reported Feb 5, 2026: actual 1.71, estimate 1.68, surprise +1.79%, Beat. Q2 2026, reported Apr 30, 2026: actual 2.35, estimate 2.23, surprise +5.38%, Beat. Q3 2026, reported Jul 30, 2026: actual 1.9, estimate 1.84, surprise +3.26%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 1.9, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.39B2.99B2.6B2.2BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 3.03B USD, estimate 2.33B USD, surprise +30.17%, Beat. Q2 2025, reported May 1, 2025: actual 3.23B USD, estimate 2.46B USD, surprise +31.25%, Beat. Q3 2025, reported Jul 31, 2025: actual 3.26B USD, estimate 2.54B USD, surprise +28.59%, Beat. Q4 2025, reported Oct 30, 2025: actual 3.01B USD, estimate 2.41B USD, surprise +24.60%, Beat. Q1 2026, reported Feb 5, 2026: actual 2.5B USD, estimate 2.47B USD, surprise +1.25%, Beat. Q2 2026, reported Apr 30, 2026: actual 2.98B USD, estimate 2.88B USD, surprise +3.44%, Beat. Q3 2026, reported Jul 30, 2026: actual 2.67B USD, estimate 2.63B USD, surprise +1.33%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 2.69B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$183.25

13.64% upside
Past 12 months12-month forecastHigh $208Average $183.25Low $163

Rating distribution

36 ratings
Strong buy13%
Buy3289%
Hold38%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions

ICE news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.92

2025 complete year+45.5% since 2021

2026 partial: $1.04

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 16, 2026

$0.52

Quarterly

Record Sep 16, 2026 · Payment Sep 30, 2026

DividendUpcoming

Ex-dividend Dec 16, 2026

$0.52

Quarterly

Record Dec 16, 2026 · Payment Dec 31, 2026

Dividend

Ex-dividend Jun 15, 2026

$0.52

Quarterly

Record Jun 15, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Mar 17, 2026

$0.52

Quarterly

Record Mar 17, 2026 · Payment Mar 31, 2026

Dividend

Ex-dividend Dec 16, 2025

$0.48

Quarterly

Record Dec 16, 2025 · Payment Dec 31, 2025

Dividend

Ex-dividend Sep 16, 2025

$0.48

Quarterly

Record Sep 16, 2025 · Payment Sep 30, 2025

ICE peers

ETFs holding ICE

Funds reporting this stock among their holdings, ordered by reported position size.

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