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Intercontinental Exchange, Inc.

Intercontinental Exchange, Inc.

NYSE•ICE
CEO: Mr. Jeffrey C. Sprecher
Sector: Financial Services
Industry: Financial - Data & Stock Exchanges
Listing Date: 2005-11-16
Intercontinental Exchange, Inc., together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The company operates regulated 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; and trading venues, including regulated exchanges and clearing houses. It also offers energy, agricultural and metals, and financial futures and options; and cash equities and equity options, and over-the-counter and other markets, as well as listings and data and connectivity services. In addition, the company provides fixed income data and analytic, fixed income execution, CDS clearing, and other multi-asset class data and network services. Further, it 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.
Contact Information
5660 New Northside Drive, 3rd Floor, Atlanta, GA, 30328, United States
770-857-4700
www.ice.com
Market Cap
$93.52B
P/E (TTM)
28.9
34.2
Dividend Yield
1.2%
52W High
$189.35
52W Low
$142.29
52W Range
44%
Rank35Top 21.9%
5.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$2.48B-18.17%
4-Quarter Trend

EPS

$1.43+24.35%
4-Quarter Trend

FCF

$853.00M+4.15%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Less Expenses Growth Revenues less transaction expenses reached $7.43B USD, showing 7% growth for nine months ended September 30, 2025.
Net Income Attributable Growth Net income attributable to ICE totaled $2.46B USD, marking a strong 20% increase year-over-year comparison.
Mortgage Tech Returns Profitability Mortgage Technology segment income turned positive at $6M USD, recovering from prior year's $(134)M loss.
Operating Cash Flow Increased Operating cash flow provided $3.39B USD, reflecting a 9% increase over the comparable nine-month period.

Risk Factors

Macro Conditions Impact Revenue Interest rate volatility and geopolitical events create ongoing uncertainty impacting global economy and business operations.
Tax Law Changes Uncertainty New OBBBA tax law provisions introduce complexity, requiring evaluation of elections impacting current tax expenses.
Operating Expenses FX Impact Operating expenses incurred $9M USD unfavorable foreign exchange effects during the nine months ended September 30, 2025.
Debt Refinancing Rollover Risk Exposure to rollover risk exists if commercial paper cannot be reissued, mitigated by Credit Facility availability.

Outlook

Polymarket Investment Announced Agreement signed October 7, 2025, to purchase $1.0B USD preferred stock in Blockratize (Polymarket).
Continued Share Repurchase Activity Resumed share repurchases, spending $894M USD in nine months; $1.6B USD remains authorized for future buybacks.
Expected Capital Expenditures Expect capital expenditures and software development costs to aggregate between $730M USD and $780M USD in 2025.
Quarterly Dividend Declaration Board adopted quarterly dividend policy, announcing $0.48 per share for Q4 2025, payable December 31, 2025.

Peer Comparison

Revenue (TTM)

Bank of MontrealBMO
$55.80B
-0.5%
The Bank of Nova ScotiaBNS
$52.25B
+12.4%
The Bank of New York Mellon CorporationBK
$40.41B
+19.2%

Gross Margin (Latest Quarter)

Coinbase Global, Inc.COIN
86.4%
+15.4pp
CME Group Inc.CME
84.5%
-1.6pp
Nasdaq, Inc.NDAQ
80.3%
+41.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CME$98.64B26.213.7%1.8%
BMO$95.09B14.810.0%28.1%
ICE$93.52B28.911.5%13.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-6.4%
Growth Under Pressure
4Q Net Income CAGR
8.3%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 5, 2026
|
EPS:$1.65
|
Revenue:$2.50B
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $2.48B-18.2%
    |
    EPS: $1.43+24.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $3.26B+12.6%
    |
    EPS: $1.49+35.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $3.23B+15.3%
    |
    EPS: $1.39+3.7%
    Miss
  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 20, 2025|
    Revenue: $11.76B+18.8%
    |
    EPS: $4.80+14.3%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 6, 2025|Refer to amended data
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $3.03B+24.9%
    |
    EPS: $1.15+19.8%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $2.90B+24.0%
    |
    EPS: $1.10-23.1%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $2.80B+13.3%
    |
    EPS: $1.34+14.5%
    Miss