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Intercontinental Exchange, Inc.

ICE

$150.31 ▲ +0.57 (+0.38%) at close

16 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

Intercontinental Exchange, Inc. shows strong fundamentals with top-quartile Profit Margin (%) and Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $86.0B

Dividend Yield 1.28%

Revenue Growth 7.5% ↘

Op. Margin 39.0% ↗

ROIC 8.0% ↗

FCF / Share $7.50 ↗

Trailing P/E 26.0x

Price / Book 3.0x

FCF Yield 5.0%

Debt / Equity 0.68

info Valuation on last close. End-of-day price, Aug 7, 2026.

16-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$12.64B

↑ +7.5% —

Net Income Profit after all expenses

$3.31B

↑ +20.4% —

Operating Margin Operating profit as % of sales

39.0%

↑ +6.4% 93th

FCF / Share Free cash flow per share

$7.50

↑ +2.2% —

Long-Term Debt Long-term obligations

$18.61B

↑ +7.3% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability →

Returns ↓

Financial Health ↓

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$1.92 Latest / share

+6.7% YoY

+12.6% 12-yr CAGR

$0.52

FY 2014

$0.58

FY 2015

$0.68

FY 2016

$0.80

FY 2017

$0.96

FY 2018

$1.10

FY 2019

$1.20

FY 2020

$1.32

FY 2021

$1.52

FY 2022

$1.68

FY 2023

$1.80

FY 2024

$1.92

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Revenue Growth YoY (%)	7.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+25%)	18.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+213%)	2.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-54%)	5.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-15%)	11.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+87%)	25.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+332%)	4.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-28%)	7.6% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+26%)	-2.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-135%)	27.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+354%)	10.9% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+82%)	146.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2333%)	25.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+332%)	2.7% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-55%)	—	—
EPS Growth YoY (%)	20.6% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	14.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	62.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-64.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	90.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	10.2% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-0.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-19.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	78.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	4.4% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	33.1% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	165.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-57.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	8.9% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	20.4% Good ↑ Good Improving Year-over-year change in net income	16.3% Good ↓ Good Declining Year-over-year change in net income	63.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-64.4% Weak ↓ Weak Declining Year-over-year change in net income	94.3% Excellent ↑ Excellent Improving Year-over-year change in net income	8.1% Fair ↓ Fair Declining Year-over-year change in net income	-2.8% Weak ↓ Weak Declining Year-over-year change in net income	-20.9% Weak ↓ Weak Declining Year-over-year change in net income	76.8% Excellent ↓ Excellent Declining Year-over-year change in net income	11.6% Fair ↓ Fair Declining Year-over-year change in net income	29.9% Excellent ↓ Excellent Declining Year-over-year change in net income	286.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-54.0% Weak Weak Year-over-year change in net income	8.2% Fair Fair Year-over-year change in net income	—	—
FCF Growth YoY (%)	2.2% Caution ↓ Caution Declining Year-over-year change in free cash flow	23.4% Good ↑ Good Improving Year-over-year change in free cash flow	-0.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	13.7% Fair ↑ Fair Improving Year-over-year change in free cash flow	8.1% Fair ↓ Fair Declining Year-over-year change in free cash flow	8.4% Fair ↓ Fair Declining Year-over-year change in free cash flow	7.1% Fair ↓ Fair Declining Year-over-year change in free cash flow	31.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-0.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	58.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-10.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	52.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-22.6% Weak Weak Year-over-year change in free cash flow	6.9% Fair Fair Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	9.5% Fair → Fair Stable Compound annual revenue growth over 3 years	8.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	6.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	13.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	13.5% Good ↑ Good Improving Compound annual revenue growth over 3 years	12.2% Good ↑ Good Improving Compound annual revenue growth over 3 years	3.2% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	10.3% Good ↓ Good Declining Compound annual revenue growth over 3 years	11.4% Good ↓ Good Declining Compound annual revenue growth over 3 years	51.4% Excellent → Excellent Stable Compound annual revenue growth over 3 years	50.9% Excellent Excellent Compound annual revenue growth over 3 years	47.1% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	8.9% Good ↓ Good Declining Compound annual revenue growth over 5 years	12.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	9.6% Good ↓ Good Declining Compound annual revenue growth over 5 years	10.6% Good ↑ Good Improving Compound annual revenue growth over 5 years	9.0% Good ↓ Good Declining Compound annual revenue growth over 5 years	12.0% Good ↓ Good Declining Compound annual revenue growth over 5 years	9.2% Good ↓ Good Declining Compound annual revenue growth over 5 years	29.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	33.8% Excellent Excellent Compound annual revenue growth over 5 years	35.0% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	30.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-12.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	3.5% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	-9.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	27.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-3.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	12.9% Good ↓ Good Declining Compound annual EPS growth over 3 years	14.7% Good ↓ Good Declining Compound annual EPS growth over 3 years	35.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	54.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	14.7% Good Good Compound annual EPS growth over 3 years	7.3% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Operating Margin (%) (%)	39.0% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+56%)	36.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+47%)	37.3% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+49%)	37.8% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+51%)	37.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+50%)	36.8% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+47%)	40.8% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+63%)	41.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+65%)	40.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+63%)	36.4% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+45%)	37.4% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+50%)	34.3% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+37%)	46.0% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+84%)	60.7% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+143%)	59.8% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+139%)	—
Effective Tax Rate (%) (%)	22.5% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.8% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.8% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.1% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.6% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.8% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	28.6% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.5% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	26.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	23.4% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	23.9% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	15.0% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	44.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+101%)	25.3% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+15%)	29.5% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	31.7% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+44%)	43.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+96%)	23.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	27.2% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+24%)	23.2% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	14.8% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	40.5% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+84%)	38.4% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+75%)	—
FCF Margin (%) (%)	33.9% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	35.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	33.8% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	34.5% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	32.1% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	32.4% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	38.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	38.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	32.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	31.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	23.9% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	30.6% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	33.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	51.4% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	49.4% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.29x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.53x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	1.42x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	2.30x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.73x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.28x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.30x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.21x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.74x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.34x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	0.88x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.32x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	2.28x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.27x Good Good Free cash flow relative to reported net income Optimal: > 1x	1.29x Good Good Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Return on Invested Capital (%)	8.0% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.4% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	7.4% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	8.4% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	8.3% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	8.2% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	8.7% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.1% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	3.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	14.2% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	3.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.8% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	2.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	2.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	11.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	9.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	6.4% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-47%)	17.9% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+49%)	10.7% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-11%)	11.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	11.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	14.9% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+24%)	9.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	8.6% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-28%)	7.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-34%)	2.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-83%)	15.1% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+26%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Debt to Equity (x)	0.68x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-43%)	0.74x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	0.88x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-27%)	0.80x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-33%)	0.68x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-43%)	0.85x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-29%)	0.60x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-50%)	0.49x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-59%)	0.47x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-61%)	0.40x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-66%)	0.67x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	0.35x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-71%)	0.41x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-66%)	0.31x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-74%)	—	—
Interest Coverage (x)	6.45x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.95x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.57x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	5.91x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	8.15x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	8.50x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	9.38x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	10.59x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	12.72x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	12.17x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	18.04x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	15.08x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	14.11x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	21.21x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	22.66x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$18.81B	$19.52B	$21.71B	$16.32B	$15.44B	$16.54B	$10.39B	$8.39B	$6.37B	$5.01B	$9.27B	$3.64B	$4.10B	$-480.00M	$-823.00M	$-961.00M
Debt / EBITDA (x)	3.83x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.52x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.83x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.75x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.26x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.16x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.69x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.09x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.17x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.76x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.28x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.70x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.09x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.33x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Revenue per Share (USD)	$22.10	$20.53	$17.56	$17.24	$16.31	$14.93	$11.67	$10.91	$9.90	$10.01	$8.44	$7.41	$4.40	$3.73	$3.64	—
Basic EPS, GAAP (USD)	$5.79	$4.80	$4.20	$2.59	$7.22	$3.79	$3.44	$3.46	$4.27	$2.39	$2.29	$1.72	$0.65	$1.52	$1.39	—
Free Cash Flow per Share (USD)	$7.50	$7.34	$5.94	$5.96	$5.24	$4.84	$4.47	$4.17	$3.17	$3.19	$2.02	$2.26	$1.49	$1.92	$1.80	—
Dividend per Share (USD)	$1.92	$1.80	$1.68	$1.52	$1.32	$1.20	$1.10	$0.96	$0.80	$0.68	$0.58	$0.52	$0.13	$0.00	$0.00	—
Book Value per Share (USD)	$51.00	$48.17	$44.88	$40.62	$40.48	$34.76	$31.15	$30.23	$29.03	$26.42	$24.89	$21.88	$21.48	$9.98	—	—
Tangible Book Value per Share (USD)	$-30.13	$-33.54	$-38.66	$-20.56	$-21.66	$-28.88	$-11.45	$-11.15	$-9.54	$8.38	$-13.49	$-7.00	$-10.72	$2.48	—	—
Basic Weighted Avg Shares (shares)	572.00M	573.00M	564.00M	559.00M	562.00M	552.00M	561.00M	575.00M	589.00M	595.00M	555.00M	570.00M	390.00M	365.00M	365.00M	—
Dividend Payout Ratio (%)	33.2% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	37.5% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	40.0% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	58.7% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	18.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	31.7% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	32.0% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	27.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	18.7% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	28.5% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	25.3% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	30.2% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	20.1% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Working Capital (USD)	$1.66B	$-458.00M	$347.00M	$7.78B	$889.00M	$-780.00M	$-837.00M	$584.00M	$-609.00M	$-1.48B	$-1.43B	$-294.00M	$-52.00M	$1.50B	—	—
LT Debt (USD)	$18.61B	$17.34B	$20.66B	$18.12B	$13.92B	$14.13B	$7.82B	$7.44B	$6.10B	$3.87B	$7.31B	$2.25B	$3.92B	$969.00M	—	—
Total Equity (USD)	$28.91B	$27.65B	$25.72B	$22.71B	$22.71B	$19.50B	$17.25B	$17.20B	$16.92B	$15.72B	$14.81B	$12.36B	$12.35B	$3.64B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Sales/Revenue/Turnover (USD)	$12.64B	$11.76B	$9.90B	$9.64B	$9.17B	$8.24B	$6.55B	$6.28B	$5.83B	$5.96B	$4.68B	$4.22B	$1.72B	$1.36B	$1.33B	—
Depreciation Expense (USD)	$198.00M	$201.00M	$182.00M	$174.00M	$174.00M	$173.00M	$145.00M	$133.00M	$122.00M	$142.00M	$124.00M	$138.00M	$40.00M	$24.00M	$23.00M	—
Net Income, GAAP (USD)	$3.31B	$2.75B	$2.37B	$1.45B	$4.06B	$2.09B	$1.93B	$1.99B	$2.51B	$1.42B	$1.27B	$981.00M	$254.00M	$552.00M	$510.00M	—
Operating Cash Flow (USD)	$4.66B	$4.61B	$3.54B	$3.55B	$3.12B	$2.88B	$2.66B	$2.53B	$2.08B	$2.15B	$1.31B	$1.46B	$714.00M	$733.00M	$713.00M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 16 years · 57 quarters

Intercontinental Exchange, Inc.

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