Intercontinental Exchange, Inc.

ICE · Large cap · Calculated market cap · $85.3B · as of 2026-09-30

Company Stats

Market Cap: $85.3B; as of Sep 30, 2026
Enterprise Value: $104.2B
Shares Outstanding: 561.4M
Free Float: 99.4%

Income Statement

Revenue: $12.6B
Operating Income: $4.9B
Net Income: $3.3B
EBITDA: $5.1B
Revenue Growth, 3Y: 9.5%
FCF Margin, 3Y Avg: 34.5%
FCF Margin, Worst Year: 33.8%

Cash Flow

Free Cash Flow: $4.3B
FCF Yield: 5.0%
Owner FCF Yield: 4.7%

Balance Sheet

Cash & Equivalents: $837.0M
Total Debt: $19.6B
Net Debt: $18.8B
Net Debt / EBITDA: 3.67x
EV / EBITDA: 20.32x
Net Debt / EBIT: 3.82x

Returns & Capital

Dividends Paid: $1.1B
Dividend Yield: 1.3%
Dividend Payout, 3Y Avg: 37.1%
Share Repurchases: $1.3B
Buyback Yield, 3Y Avg: 0.5%
SBC, 3Y Avg: $242.0M

Cash Flow by Year

Year	Revenue	FCF	Margin
FY2025	$12.6B	$4.3B	33.9%
FY2024	$11.8B	$4.2B	35.7%
FY2023	$9.9B	$3.4B	33.8%
FY2022	$9.6B	$3.3B	34.5%
FY2021	$9.2B	$2.9B	32.1%

Annual filing data through FY ended December 31, 2025; shares and float as of October 12, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Company RSS

Earnings

Oct 29, 2026ICE's Third-Quarter Revenue Growth Reaccelerates Jul 30, 2026ICE Revenues Decelerate as Exchange Transaction Growth Cools

Other Coverage

October 23, 2026 Deal Scrutiny

MarketAxess deal gets early end to HSR waiting period October 2, 2026 Deal Scrutiny

ICE deal gets more review time after antitrust refiling September 28, 2026 QBook

Stronger demand supports expansion as pricing diverges August 14, 2026 Industry Earnings Roundup

Financial Services Earnings: Demand Strong, Costs Bite Back July 30, 2026 Deals

ICE to Buy MarketAxess in $5.7 Billion All-Cash Deal

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