Intercontinental Exchange, Inc. logo ICE - Intercontinental Exchange, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 32
HOLD 3
SELL 0
STRONG
SELL 0
| PRICE TARGET: $196.43 DETAILS
HIGH: $211.00
LOW: $180.00
MEDIAN: $193.00
CONSENSUS: $196.43
UPSIDE: 28.41%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue
Revenue 12,638 11,761 9,903 9,636 9,168 8,244 6,547 6,276 5,843 5,971 4,682 4,352 1,730 1,363 1,327 1,149.9 994.8 813.1 574.3 313.8
Cost of Revenue 4,817 5,239 4,244 4,434 4,150 3,945 2,856 2,723 2,548 2,786 2,158 2,040 497 297 298 281.2 274.0 29.7 126.1 70.2
Gross Profit 7,821 6,522 5,659 5,202 5,018 4,299 3,691 3,553 3,295 3,185 2,524 2,312 1,233 1,066 1,029 868.8 720.8 783.4 448.1 243.6
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 1,703 572 481 440 458 410 354 350 345 323 312 402 144 89 88 85.3 90.7 227.6 50.8 95.5
Other Expenses 1,222 1,641 1,484 1,124 1,111 856 664 620 571 690 462 462 299 150 148 131.2 117.5 62.2 43.8 (56.5)
Operating Expenses 2,925 2,213 1,965 1,564 1,569 1,266 1,018 970 916 1,013 774 864 443 239 236 216.5 208.2 289.8 94.6 39.0
Operating Income
Operating Income 4,896 4,309 3,694 3,638 3,449 3,033 2,673 2,583 2,379 2,172 1,750 1,448 790 827 793 652.3 512.6 493.5 353.6 204.6
Interest Expense 781 910 808 616 423 357 285 244 187 178 97 96 56 39 35 30.5 22.9 19.6 0 0
Interest Income 140 141 319 108 1 10 35 22 8 3 0 0 3 1.6 3 2.2 2.0 11.5 0 0
Profitability
EBITDA 6,643 6,075 4,917 3,455 7,130 3,874 3,428 3,350 3,248 2,831 2,124 1,836 716 960 927 761.2 628.0 555.3 398.1 218.5
EBIT 5,083 4,538 3,702 2,424 6,121 3,123 2,766 2,764 2,713 2,221 1,750 1,503 560 829 795 640.0 516.6 493.1 364.7 204.6
Income Before Tax 4,350 3,628 2,894 1,808 5,698 2,766 2,481 2,520 2,526 2,043 1,653 1,407 504 790 760 609.5 493.7 473.5 358.4 212.5
Income Tax Expense 991 826 456 310 1,629 658 521 500 (28) 586 358 402 184 228 238 201.7 179.6 172.5 117.8 69.3
Net Income 3,304 2,754 2,368 1,446 4,058 2,089 1,933 1,988 2,526 1,430 1,274 981 254 552 510 398.3 316.0 301.0 240.6 143.3
Per Share Data
EPS (Basic) 5.80 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 1.08 0.87 0.85 0.70 0.51
EPS (Diluted) 5.77 4.78 4.19 2.58 7.18 3.77 3.42 3.43 4.23 2.37 2.28 1.71 0.64 1.50 1.38 1.07 0.85 0.83 0.68 0.48
Shares Outstanding 571.1 573 564 559 562 552 561 575 589 595 556 570 390 365 365 368.1 364.9 355.9 344.9 282.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008
Current Assets
Cash & Cash Equivalents 837 844 899 1,799 607 583 841 724 535 407 552.5 283.5
Short-Term Investments 2,779 524 230 6,149 0 0 0 0 0 23 2.0 3.4
Net Receivables 3,210 3,129 2,950 3,935 1,208 1,230 988 953 903 777 109.1 81.2
Inventory 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 78,952 84,598 80,894 142,448 149,321 83,631 65,930 64,773 51,991 55,829 18,772.2 12,148.5
Total Current Assets 85,778 89,095 84,973 156,947 154,300 87,219 67,979 66,692 53,562 57,133 19,459.9 12,552.6
Non-Current Assets
Property, Plant & Equipment 2,691 2,153 1,923 1,767 1,699 1,713 1,536 1,241 1,246 1,129 91.7 89.0
Goodwill 30,646 30,595 30,553 21,111 21,123 21,291 13,342 13,085 12,216 12,291 1,465.8 1,434.8
Intangible Assets 15,353 16,306 17,317 13,090 13,736 14,408 10,258 10,462 10,269 10,420 702.5 728.9
Long-Term Investments 0 0 0 0 0 0 0 0 0 432 147.3 141.5
Other Non-Current Assets 2,419 1,279 1,318 1,423 2,644 1,569 1,378 1,311 971 598 17.7 12.8
Total Non-Current Assets 51,109 50,333 51,111 37,391 39,202 38,981 26,514 26,099 24,702 24,870 2,425.0 2,407.0
Total Assets 136,887 139,428 136,084 194,338 193,502 126,200 94,493 92,791 78,264 82,003 21,884.9 14,959.6
Current Liabilities
Account Payables 1,078 1,051 1,003 866 703 639 505 521 462 388 57.3 49.7
Short-Term Debt 1,035 3,027 1,954 4 1,521 2,411 2,569 951 1,833 2,493 18,804.5 46.9
Deferred Revenue 204 236 200 170 194 158 129 135 121 114 75.5 41.1
Other Current Liabilities 76,907 82,322 79,117 142,174 146,089 81,783 65,184 64,116 51,631 55,261 30.6 12,156.3
Total Current Liabilities 84,116 89,553 84,626 149,171 153,411 87,999 68,816 66,108 54,171 58,617 18,967.8 12,311.6
Non-Current Liabilities
Long-Term Debt 18,609 17,341 20,659 18,118 12,397 14,126 5,250 6,490 4,267 3,871 281.9 332.5
Deferred Tax Liabilities 3,998 3,904 4,080 3,493 4,100 3,563 2,314 2,337 2,298 2,958 181.1 194.3
Other Non-Current Liabilities 538 575 634 541 594 565 468 554 539 767 93.8 26.0
Total Non-Current Liabilities 23,780 22,155 25,672 22,406 17,343 18,574 8,313 9,381 7,141 7,596 483.4 635.8
Total Liabilities 107,896 111,708 110,298 171,577 170,754 106,573 77,129 75,489 61,312 66,213 19,451.2 12,947.4
Stockholders' Equity
Common Stock 7 7 6 6 6 6 6 6 6 6 0.8 0.8
Retained Earnings 20,281 18,071 16,356 14,943 14,350 11,039 9,629 8,317 6,825 4,789 1,049.1 732.8
Accumulated Other Comprehensive Income (224) (338) (294) (331) (196) (192) (243) (315) (223) (344) 24.6 19.9
Total Stockholders' Equity 28,915 27,647 25,717 22,706 22,709 19,498 17,255 17,201 16,924 15,717 2,399.7 2,006.2
Total Liabilities & Equity 136,887 139,428 136,084 194,338 193,502 126,200 94,493 92,791 78,264 82,003 21,884.9 14,959.6
Debt Metrics
Total Debt 20,279 20,703 22,912 18,376 14,170 16,857 8,100 7,441 6,100 6,364 19,086.4 379.4
Net Debt 19,442 19,859 22,013 16,577 13,563 16,274 7,259 6,717 5,565 5,957 (245.0) 191.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income 3,370 2,802 2,438 1,498 4,069 2,108 1,960 2,020 2,542 1,449
Depreciation & Amortization 1,560 1,537 1,215 1,031 1,009 751 662 586 535 610
Stock-Based Compensation 238 231 257 155 188 139 139 130 135 124
Change in Working Capital (504) 63 (388) 123 (87) (129) (29) (96) (230) (142)
Other Non-Cash Items 25 118 349 1,340 (2,593) (80) (40) (134) (246) (6)
Operating Cash Flow 4,662 4,609 3,542 3,554 3,123 2,881 2,659 2,533 2,085 2,149
Investing Activities
Capital Expenditure (373) (406) (489) (482) (452) (410) (305) (280) (357) (365)
Acquisitions (19) (38) (10,198) (59) 1,054 (9,446) (292) (1,246) 449 (425)
Purchases of Investments (6,999) (781) (12) (73) (5,050) 410 305 (306) (327) (108)
Sales/Maturities of Investments 5,423 855 191 743 1 4 9 77 547 0
Other Investing Activities (2,074) (551) 1,711 548 3,661 (388) (311) (375) (220) (108)
Investing Cash Flow (4,249) (921) (8,797) 677 (786) (9,830) (594) (1,755) 92 (898)
Financing Activities
Net Debt Issuance (1,994) (2,285) 2,068 4,174 (2,639) 8,696 10 1,330 (275) (949)
Stock Repurchased (1,389) (81) (78) (705) (320) (1,321) (1,525) (1,278) (1,037) (104)
Dividends Paid (1,105) (1,039) (955) (853) (747) (669) (621) (555) (476) (409)
Other Financing Activities (1,846) 3,484 (65,380) (4,457) 65,732 38 383 40 (183) 0
Financing Cash Flow (6,334) 79 (64,345) (1,841) 62,026 6,744 (1,753) (463) (1,971) (1,462)
Cash Position
Net Change in Cash 3,607 3,753 (69,593) 2,367 64,357 (197) 316 304 218 (220)
Cash at Beginning (2,022) 80,750 150,343 147,976 83,619 2,188 1,872 1,568 1,350 627
Cash at End 1,585 84,503 80,750 150,343 147,976 1,991 2,188 1,872 1,568 407
Free Cash Flow 4,289 4,203 3,053 3,072 2,671 2,471 2,354 2,253 1,728 1,784
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Income Statement
Revenue 12,638 11,761 9,903 9,636 9,168 8,244 6,547 6,276 5,843 5,971 4,682 4,352 1,730 1,363 1,327 1,149.9 994.8 813.1 574.3 313.8
Gross Profit 7,821 6,522 5,659 5,202 5,018 4,299 3,691 3,553 3,295 3,185 2,524 2,312 1,233 1,066 1,029 868.8 720.8 783.4 448.1 243.6
Operating Income 4,896 4,309 3,694 3,638 3,449 3,033 2,673 2,583 2,379 2,172 1,750 1,448 790 827 793 652.3 512.6 493.5 353.6 204.6
Net Income 3,304 2,754 2,368 1,446 4,058 2,089 1,933 1,988 2,526 1,430 1,274 981 254 552 510 398.3 316.0 301.0 240.6 143.3
EPS (Diluted) 5.77 4.78 4.19 2.58 7.18 3.77 3.42 3.43 4.23 2.37 2.28 1.71 0.64 1.50 1.38 1.07 0.85 0.83 0.68 0.48
Balance Sheet
Cash & Equivalents 837 844 899 1,799 607 583 841 724 535 407 552.5 283.5
Total Assets 136,887 139,428 136,084 194,338 193,502 126,200 94,493 92,791 78,264 82,003 21,884.9 14,959.6
Total Debt 20,279 20,703 22,912 18,376 14,170 16,857 8,100 7,441 6,100 6,364 19,086.4 379.4
Stockholders' Equity 28,915 27,647 25,717 22,706 22,709 19,498 17,255 17,201 16,924 15,717 2,399.7 2,006.2
Cash Flow
Operating Cash Flow 4,662 4,609 3,542 3,554 3,123 2,881 2,659 2,533 2,085 2,149
Capital Expenditure (373) (406) (489) (482) (452) (410) (305) (280) (357) (365)
Free Cash Flow 4,289 4,203 3,053 3,072 2,671 2,471 2,354 2,253 1,728 1,784