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ICE Intercontinental Exchange, Inc.

NYSEFinancialsSecurity & Commodity Brokers, Dealers, Exchanges & ServicesAtlanta, GAFY ends December 31

New 8-K: Filed an 8-K current report in the last 7 days.Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 5, 2026 (SEC EDGAR)

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$12.6BYoYup 7.47%ended Dec 31, 2025
Net income
$3.32B26.2% margin
Diluted EPS
$5.77YoYup 20.71%
Free cash flow
$4.29B33.9% margin
Cash
$837M
Total debt
—Not meaningful for financial companies
About Intercontinental Exchange, Inc.

Overview

Intercontinental Exchange, Inc. (ICE) is listed on NYSE; the SEC classifies it under "Security & Commodity Brokers, Dealers, Exchanges & Services".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $12.64B, up 7.5% from fiscal 2024.

Net income was $3.32B, a net margin of 26.2%.

At fiscal year end it had total assets of $136.89B and stockholders' equity of $28.92B (21.1% of assets).

Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Feb 5, 2026
Latest filing
10-QOct 29, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016$5.96B$1.42B23.9%
FY2017$5.83B$2.51B43.1%
FY2018$6.28B$1.99B31.7%
FY2019$6.55B$1.93B29.5%
FY2020$8.24B$2.09B25.3%
FY2021$9.17B$4.06B44.3%
FY2022$9.64B$1.45B15.0%
FY2023$9.9B$2.37B23.9%
FY2024$11.8B$2.75B23.4%
FY2025$12.6B$3.32B26.2%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2016 to FY2025.
PeriodOperating marginNet margin
FY201636.4%23.9%
FY201740.8%43.1%
FY201841.2%31.7%
FY201940.8%29.5%
FY202036.8%25.3%
FY202137.6%44.3%
FY202237.8%15.0%
FY202337.3%23.9%
FY202436.6%23.4%
FY202539.0%26.2%

Gross margin: Not meaningful for financial companies

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016$2.37
FY2017$4.23
FY2018$3.43
FY2019$3.42
FY2020$3.77
FY2021$7.18
FY2022$2.58
FY2023$4.19
FY2024$4.78
FY2025$5.77

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2016 to FY2025.
PeriodFree cash flowNet income
FY2016$1.9B$1.42B
FY2017$1.87B$2.51B
FY2018$2.4B$1.99B
FY2019$2.51B$1.93B
FY2020$2.67B$2.09B
FY2021$2.94B$4.06B
FY2022$3.33B$1.45B
FY2023$3.35B$2.37B
FY2024$4.2B$2.75B
FY2025$4.29B$3.32B

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY2016599M
FY2017594M
FY2018579M
FY2019565M
FY2020555M
FY2021565M
FY2022561M
FY2023565M
FY2024576M
FY2025575M

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalents
FY2016$407M
FY2017$1.57B
FY2018$1.87B
FY2019$2.19B
FY2020$1.99B
FY2021$148B
FY2022$150B
FY2023$899M
FY2024$844M
FY2025$837M

Total debt: Not meaningful for financial companies

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Gross marginNot meaningful for financial companies
—
Operating margin
39.0%
Net margin
26.2%
FCF margin
33.9%
Return on equity
11.7%
Return on assets
2.4%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 7.47%up 9.47%up 8.92%—
EPS (diluted)up 20.71%up 30.77%up 8.88%up 10.39%
Free cash flowup 2.05%up 8.81%up 9.91%up 9.47%
Change in share count
-0.17%

Financial strength

Current ratioNot meaningful for financial companies
—
Debt / equityNot meaningful for financial companies
—
Liabilities / assets
78.8%
Net debtNot meaningful for financial companies
—
Interest coverageNot meaningful for financial companies
—
Equity / assets
21.1%

Shareholder returns

Dividends per share
$1.92
Dividends paid
$1.11B
Buybacks
$1.29B
Payout ratio
33.3%
Stock comp. / revenue
1.9%

Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.

Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

Not meaningful for financial companies.

Altman Z''-Score

Not meaningful for financial companies.

Screening heuristic, not a recommendation. Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Revenue12,64011,7619,9039,6369,1688,2446,5476,2765,8345,958
YoY (Revenue)+7.47%+18.76%+2.77%+5.10%+11.21%+25.92%+4.32%—-2.08%—
Selling, general & admin.293307266226215185161151155116
Operating income4,9294,3093,6943,6383,4493,0332,6732,5832,3792,167
Interest expense803910808616423357285244187178
Pretax income4,3463,6282,8941,8085,6982,7662,4812,5202,5172,029
Income tax9768264563101,629658521500-25580
Net income3,3152,7542,3681,4464,0582,0891,9331,9882,5141,422
YoY (Net income)+20.37%+16.30%+63.76%-64.37%+94.26%+8.07%-2.77%-20.92%+76.79%—
EPS (basic)5.794.804.202.597.223.793.443.464.272.39
EPS (diluted)5.774.784.192.587.183.773.423.434.232.37
YoY (EPS (diluted))+20.71%+14.08%+62.40%-64.07%+90.45%+10.23%-0.29%-18.91%+78.48%—
Diluted shares (weighted)575576565561565555565579594599

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Cash & equivalents837844899150,343147,9761,9912,1881,8721,568407
Receivables1,5521,4901,3661,1691,2081,230988953903777
Current assets85,77889,09584,973156,947154,30087,21967,97966,69253,56257,133
Goodwill30,64630,59530,55321,11121,12321,29113,34213,08512,21612,291
Intangible assets15,35316,30617,31713,09013,73614,40810,25810,46210,26910,420
Total assets136,887139,428136,084194,338193,502126,20094,49392,79178,26482,003
Current liabilities84,11689,55384,626149,171153,41187,99968,81666,10854,17158,617
Short-term debt2,0706,0543,90883,0424,8225,1381,9023,6664,986
Long-term debt18,60917,34120,65918,11812,39714,1265,2506,4904,2673,871
Total liabilities107,896111,708110,298171,577170,754106,57377,12975,48961,31266,213
Retained earnings20,28118,07116,35614,94314,35011,0399,6298,3176,8254,789
Stockholders' equity28,91527,64725,71722,70622,70919,49817,25517,20116,92415,717
Shares outstanding567574573559561561554569583594

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Operating cash flow4,6624,6093,5423,5543,1232,8812,6592,5332,0852,149
Capital expenditures373406190225179207153134220250
Free cash flow4,2894,2033,3523,3292,9442,6742,5062,3991,8651,899
YoY (Free cash flow)+2.05%+25.39%+0.69%+13.08%+10.10%+6.70%+4.46%+28.63%-1.79%—
Depreciation & amortization1,5601,5371,2151,0311,009751662586535610
Stock-based compensation238231257155188139139130135124
Share repurchases1,294006322501,2471,4601,19894950
Dividends paid1,1051,039955853747669621555476409
Dividends per share1.921.801.681.521.321.201.100.960.800.68
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$5.77
Revenue per share
$21.98
FCF per share
$7.46
Book value per share
$50.29
Tangible book per share
-$29.71
Cash per share
$1.46
Dividends per share
$1.92
Public floatas of Jun 30, 2025
$104B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-QNew
    Quarterly report· Sep 30, 2026(SEC EDGAR)
  2. 8-KNew
    Current report· Oct 29, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  3. 8-K
    Current report· Aug 28, 2026(SEC EDGAR)
    • 5.03Bylaws or fiscal year change
    • 9.01Financial statements and exhibits
  4. 8-K
    Current report· Aug 20, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 2.03New financial obligation
    • 9.01Financial statements and exhibits
  5. 8-K
    Current report· Aug 20, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  6. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  7. 8-K
    Current report· Jul 29, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  8. 8-K
    Current report· Jul 30, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  9. 8-K
    Current report· May 15, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
  10. 10-Q
    Quarterly report· Mar 31, 2026(SEC EDGAR)
All filings on SEC EDGAR
SIC 6200 · Security & Commodity Brokers, Dealers, Exchanges & Services

Peers (same SIC code)

Peers (same SIC code)
TickerRevenue (FY)YoYNet marginROEF-Score5y revenue
ICEIntercontinental Exchange, Inc. (This company)$12.6Bup 7.47%26.2%11.7%—
CMECME GROUP INC.$6.52Bup 6.37%62.5%14.8%—
Peer median$6.52Bup 6.37%62.5%14.8%——

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does Intercontinental Exchange, Inc. do?

The SEC classifies Intercontinental Exchange, Inc. under Standard Industrial Classification (SIC) code 6200, "Security & Commodity Brokers, Dealers, Exchanges & Services". It is headquartered in Atlanta, GA. It is incorporated in DE. In fiscal 2025 it reported revenue of $12.64B and net income of $3.32B in its annual 10-K report.

What was Intercontinental Exchange, Inc.'s revenue in 2025?

Intercontinental Exchange, Inc. reported revenue of $12.64B for fiscal 2025, which ended Dec 31, 2025, up 7.5% from $11.76B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 5, 2026.

What was Intercontinental Exchange, Inc.'s net income in 2025?

Intercontinental Exchange, Inc. reported net income of $3.32B for fiscal 2025, a net margin of 26.2% of revenue.

Where is Intercontinental Exchange, Inc. listed?

According to the SEC, Intercontinental Exchange, Inc.'s ticker ICE is listed on NYSE.

When does Intercontinental Exchange, Inc.'s fiscal year end?

According to the SEC, Intercontinental Exchange, Inc.'s fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.