Rankings
▼
Calendar
ICE (Intercontinental Exchange, Inc.) Stock Financials & Earnings | Market Cap Arena
ICE
Intercontinental Exchange, Inc.
Mkt Cap
$92B
Financial Services
·
Financial - Data & Stock Exchanges
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$12.6B
Net Income (TTM)
$3.3B
EPS (TTM)
$5.77
Free Cash Flow (TTM)
$4.3B
Gross Margin
61.9%
Op. Margin
38.7%
Net Margin
26.1%
FCF Margin
33.9%
P/S Ratio (TTM)
7.3x
P/E Ratio (TTM)
27.9x
YoY Rev Growth
+7.5%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$2.5B
$1.4B
$969M
Q2 23
$2.3B
$1.4B
$955M
Q3 23
$2.4B
$1.4B
$845M
Q4 23
$2.7B
$1.5B
$925M
Q1 24
$2.8B
$1.6B
$1.1B
Q2 24
$2.9B
$1.6B
$1.1B
Q3 24
$3.0B
$1.6B
$1.1B
Q4 24
$3.0B
$1.6B
$1.1B
Q1 25
$3.2B
$1.8B
$1.2B
Q2 25
$3.3B
$1.8B
$1.3B
Q3 25
$3.0B
$1.7B
$1.2B
Q4 25
$3.1B
$2.5B
$1.2B
marketcaparena.com
Revenue Breakdown
ICE
Intercontinental Exchange, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
9.5x
63.8x
Q2 23
9.6x
54.6x
Q3 23
9.6x
38.1x
Q4 23
9.3x
38.9x
Q1 24
9.0x
37.1x
Q2 24
8.5x
39.8x
Q3 24
8.1x
37.9x
Q4 24
7.8x
33.4x
Q1 25
7.6x
33.1x
Q2 25
7.3x
30.7x
Q3 25
7.4x
29.1x
Q4 25
7.3x
27.9x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$653M
$568M
Q2 23
$1.2B
$1.0B
Q3 23
$768M
$645M
Q4 23
$969M
$806M
Q1 24
$1.0B
$864M
Q2 24
$1.2B
$1.0B
Q3 24
$898M
$819M
Q4 24
$1.5B
$1.2B
Q1 25
$966M
$881M
Q2 25
$1.5B
$1.4B
Q3 25
$915M
$853M
Q4 25
$1.3B
$1.1B
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$85M
Q2 23
$118M
Q3 23
$123M
Q4 23
$163M
Q1 24
$145M
Q2 24
$165M
Q3 24
$79M
Q4 24
$276M
Q1 25
$85M
Q2 25
$60M
Q3 25
$62M
Q4 25
$166M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+0.5%
+2.5%
Q2 23
-3.2%
-10.6%
Q3 23
+1.8%
+7.5%
Q4 23
+12.2%
+15.1%
Q1 24
+13.3%
+15.6%
Q2 24
+24.0%
+32.6%
Q3 24
+24.9%
+21.8%
Q4 24
+13.7%
+12.2%
Q1 25
+15.3%
+15.5%
Q2 25
+12.6%
+7.3%
Q3 25
-0.9%
-5.0%
Q4 25
+3.6%
-0.9%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$40M
1.6%
Q2 23
$45M
1.9%
Q3 23
$79M
3.3%
Q4 23
$93M
3.5%
Q1 24
$57M
2.0%
Q2 24
$57M
2.0%
Q3 24
$57M
1.9%
Q4 24
$60M
2.0%
Q1 25
$57M
1.8%
Q2 25
$58M
1.8%
Q3 25
$54M
1.8%
Q4 25
$69M
2.2%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$122M
Q2 23
$117M
Q3 23
$110M
Q4 23
$132M
Q1 24
$143M
Q2 24
$168M
Q3 24
$124M
Q4 24
$137M
Q1 25
$137M
Q2 25
$127M
Q3 25
$139M
Q4 25
$1.3B
marketcaparena.com
Revenue Segments
Exchanges Segment
Fixed Income And Data Services Segment
Mortgage Technology Segment
Quarter
Exchanges Segment
Fixed Income And Data Services Segment
Mortgage Technology Segment
Q1 23
$1.7B
$563M
$236M
Q2 23
$1.5B
$546M
$249M
Q3 23
$1.5B
$559M
$330M
Q4 23
$1.6B
$563M
$502M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$2.1B
$0
$2.1B
Q2 23
$2.9B
$0
$2.9B
Q3 23
$837M
$0
$837M
Q4 23
$899M
$230M
$1.1B
Q1 24
$863M
$0
$863M
Q2 24
$885M
$98M
$983M
Q3 24
$755M
$500M
$1.3B
Q4 24
$844M
$524M
$1.4B
Q1 25
$783M
$2.4B
$3.2B
Q2 25
$1.0B
$1.6B
$2.6B
Q3 25
$850M
$1.4B
$2.2B
Q4 25
$837M
$2.8B
$3.6B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
561M
+0.2%
Q2 23
561M
+0.0%
Q3 23
565M
+0.7%
Q4 23
565M
+0.0%
Q1 24
575M
+1.8%
Q2 24
575M
+0.0%
Q3 24
577M
+0.3%
Q4 24
577M
+0.0%
Q1 25
577M
+0.0%
Q2 25
575M
-0.3%
Q3 25
574M
-0.2%
Q4 25
571M
-0.5%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$1M
3K
FY 15
$844K
6K
FY 16
$1M
6K
FY 17
$1M
5K
FY 18
$1M
5K
FY 19
$1M
6K
FY 20
$927K
9K
FY 21
$1M
9K
FY 22
$1M
9K
FY 23
$749K
13K
FY 24
$910K
13K
FY 25
$984K
13K
marketcaparena.com