SuperworthIntercontinental Exchange ICE
- Market cap
- $91.4B
- PE
- 23.0×
- 9y median 25.9×
- Forward PE
- 19.6×
- 10y median 21.5×
- Price to sales
- 6.8×
- EV/EBIT
- 20.4×
- Revenue, 12 months
- $13.4B
- +7% on a year ago
- Net margin
- 30.1%
- Free cash flow yield
- 5.6%
Intercontinental Exchange trades at 23.0× trailing earnings, cheaper than 72% of the last ten years. Revenue was $13.4B over the last twelve months, up 7% on a year earlier with a 30% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.4B+2% | $2.7B+12% | $2.8B+13% | $2.9B+24% | $3B+25% | $3B+14% | $3.2B+15% | $3.3B+13% | $3B−1% | $3.1B+4% | $3.7B+14% | $3.6B+11% | |
| Cost of revenue | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Gross profit | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| SG&A | $59M+9% | $70M+17% | $78M+5% | $100M+59% | $54M−9% | $75M+7% | $76M−3% | $66M−34% | $77M+43% | $74M−1% | $85M+12% | $63M−5% |
| $845M−7% | $925M+7% | $1.1B+10% | $1.1B+12% | $1.1B+31% | $1.1B+16% | $1.2B+15% | $1.3B+22% | $1.2B+6% | $1.2B+15% | $1.7B+36% | $1.4B+7% | |
| Interest expense | $206M+17% | $251M+43% | $241M+37% | $233M+33% | $223M+8% | $213M−15% | $206M−15% | $201M−14% | $192M−14% | $204M−4% | $203M−2% | $205M+2% |
| Pre-tax income | $682M | $516M−9% | $964M+14% | $861M+2% | $898M+32% | $905M+75% | $1.1B+11% | $1.1B+32% | $1.1B+20% | $1.1B+18% | $1.9B+78% | $1.3B+14% |
| $123M | $126M+2% | $181M+3% | $222M+594% | $227M+85% | $196M+56% | $255M+41% | $267M+20% | $250M+10% | $204M+4% | $465M+82% | $312M+17% | |
| Net income | $541M | $373M−12% | $767M+17% | $632M−21% | $657M+21% | $698M+87% | $797M+4% | $851M+35% | $816M+24% | $851M+22% | $1.4B+77% | $958M+13% |
| $0.96 | $0.65−15% | $1.33+14% | $1.10−23% | $1.14+19% | $1.21+86% | $1.38+4% | $1.48+35% | $1.42+25% | $1.49+23% | $2.48+80% | $1.69+14% | |
| 565M+1% | 574M+2% | 575M+3% | 575M+3% | 577M+2% | 576M+0% | 577M+0% | 575M+0% | 574M−1% | 572M−1% | 570M−1% | 566M−2% |
EPS, diluted: 13 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 16 periods, Q4 FY08 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY13: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY14: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $2.7B | $2.7B to $2.8B | $1.97 | $1.94 to $1.99 | 10 |
| Q4 FY26 | $2.7B | $2.7B to $2.8B | $1.97 | $1.91 to $2.04 | 9 |
| Q1 FY27 | $2.9B | $2.9B to $3B | $2.23 | $2.17 to $2.30 | 6 |
| Q2 FY27 | $2.9B | $2.8B to $3B | $2.15 | $2.10 to $2.22 | 3 |
| Q3 FY27 | $3B | $2.9B to $3.1B | $2.23 | $2.18 to $2.30 | 3 |
| Q4 FY27 | $3B | $2.9B to $3B | $2.23 | $2.18 to $2.30 | 6 |
| Q1 FY28 | $3.2B | $3.2B to $3.3B | $2.54 | $2.48 to $2.62 | 8 |
| Q2 FY28 | $3B | $3B to $3.1B | $2.40 | $2.34 to $2.47 | 4 |
Peers
Companies in Financial - Data & Stock Exchanges nearest Intercontinental Exchange's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| ICEIntercontinental Exchange | $91.4B | 23.0× | 25.9× | 19.6× | 6.8× | +7% | 30.1% |
| MCOMoody's | $83.7B | 30.7× | 34.4× | 27.2× | 10.3× | +12% | 34.3% |
| CMECME | $109.9B | 25.9× | 26.2× | 24.5× | 16.2× | +5% | 63.9% |
| SPGIS&P Global | $132.8B | 27.4× | 32.8× | 23.9× | 8.2× | +10% | 30.5% |
| NDAQNasdaq | $57.3B | 29.9× | 27.9× | 23.5× | 6.6× | +8% | 22.5% |
| MSCIMSCI | $44.8B | 33.7× | 40.1× | 29.2× | 13.4× | +12% | 40.7% |
| COINCoinbase Global | $43.4B | n/m | 34.6× | 217× | 6.9× | −10% | −15.7% |
| CBOECboe Global Markets | $35.6B | 26.5× | 28.5× | 23.8× | 7.0× | +12% | 26.7% |
| TRUTransUnion | $15.6B | 21.5× | 45.7× | n/m | 3.2× | +12% | 15.1% |
| Peer median | $51B | 27.4× | 33.6× | 24.5× | 7.6× | +11% | 28.6% |
Investors who own it
Investors we follow who held Intercontinental Exchange at the end of Jun 30, 2026, from their 13F filings.
- Ruane, Cunniff & GoldfarbRuane, Cunniff & Goldfarb (Sequoia Fund)4.9% of portfoliotrimmed
- Bill NygrenHarris Associates (Oakmark)3.0% of portfolioadded
- Andreas HalvorsenViking Global Investors1.0% of portfoliotrimmed
- Reinhart PartnersReinhart Partners0.1% of portfolioadded
- Tom GaynerMarkel Group0.0% of portfolio
More on Intercontinental Exchange
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 11Financial data and exchange stocks with the lowest EV/EBIT
- #3of 10Financial data and exchange stocks with the lowest PE ratio
- #5of 11Financial data and exchange stocks with the highest profit margins
- #5of 11Financial data and exchange stocks with the lowest price to sales ratio
- #5of 10Financial data and exchange stocks with the fastest earnings growth
- #9of 11Financial data and exchange stocks with the fastest revenue growth
Its groups
About
- Industry
- Financial - Data & Stock Exchanges
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .