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MARKETS / NYSE / Financials / Brokerage and capital markets / ICE
NYSE · SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES · LARGE CAP

Intercontinental Exchange, Inc. ICE

15 fiscal years on record · USD · FY2025 reported · SEC filings only
9 YEARS OF DIVIDEND GROWTH
$12.6B
▲ 7.5% YoY
$3.3B
▲ 20.4% YoY
$4.3B
▲ 2.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Intercontinental Exchange, Inc. provides technology and data to a broad range of customers, including financial institutions, corporations, and government entities. As of December 31, 2025, the company had a total of 12,844 employees. ICE conducts its business through three reportable segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. Its Exchanges segment operates regulated marketplaces for the listing, trading, and clearing of derivatives contracts and financial securities such as commodities, interest rates, foreign exchange, equities, and exchange-traded funds. The segment operates multiple trading venues, including 13 regulated exchanges and six clearing houses positioned in market centers including the U.S., U.K., European Union, Canada, Asia Pacific, and the Middle East. Its Fixed Income and Data Services segment includes fixed income execution through ICE Bonds, CDS clearing, fixed income data and analytics offerings, and other multi-asset class data and network services. Within its Mortgage Technology segment, its origination technology acts as a system of record for the mortgage transaction, automating the gathering, reviewing, and verifying of mortgage-related information. ICE was founded in 2000.

Written from the business description in Intercontinental Exchange, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 5 February 2026. Every sentence was checked against that document before publication.

Growth

USD 12.6B
Revenue, FY2025 · full 15-year series below
Revenue $B Net income $B
FY2025 · Revenue 12.6 · Net income 3.3
5B10B
201120142017202020232025
Compound annual growth
+9.5%
+8.9%
+10.4%
+31.9%
+9.7%
+10.0%
+30.8%
+8.9%
+8.1%
+9.9%
+17.3%
+4.6%
+9.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.9% a year over the five years to FY2025 — but profit grew faster: net income at +9.7%, earnings per share at +8.9%.

The share count rose from 0.56B to 0.57B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

27 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 39.0% · Net 26.7%
20%40%60%
201120182025
ROE
FY2025 · ROE 11.7%
5%10%15%
201120182025
Three returns, three denominators.
Gross margin·
Operating margin39.0%
Net margin26.7%
EBITDAUSD 5.1B

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders

USD 2.4B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 4.3
2B4B
201120182025
Net buybacks $B Dividends $B
FY2025 · Dividends 1.1 · Net buybacks 1.3
1B2BDividendsNet buybacks
20112013201520172019202120232025
Dividends paidUSD 1.1B
Net buybacksUSD 1.3B
Share of profit72.4%
Consecutive raises9 years (since the 2016 share-count change)

USD 1.1B in dividends and USD 1.3B in buybacks — 72% of the year's profit went back to shareholders.

Total assetsUSD 136.9B
EquityUSD 28.9B
CashUSD 837.0M
Gross debtUSD 19.6B
Net debtUSD 18.8B
Current ratio1.02×

Net debt stands at 65% of equity.

The 15-year record

15 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ICE, 15-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011
Revenue $B12.611.89.99.69.28.26.56.35.86.04.74.41.71.41.3
Operating income $B4.94.33.73.63.43.02.72.62.42.21.81.40.80.80.8
EBITDA $B5.14.53.93.83.63.22.82.72.52.31.91.50.80.90.8
Income tax $B1.00.80.50.31.60.70.50.5−0.00.60.40.40.20.20.2
Net income $B3.32.82.41.44.12.11.92.02.51.41.31.00.30.60.5
Free cash flow $B4.34.23.43.32.92.72.52.41.91.91.11.30.60.70.7
EPS, diluted $5.774.784.192.587.183.773.423.434.252.392.281.713.217.526.90
Dividend / sh $1.921.801.681.521.321.201.100.960.800.680.580.520.650.000.00
Payout %3338405918323228192926303000
ROE %11.710.39.86.419.211.411.211.615.59.49.47.93.216.216.1
Shares out B0.570.570.570.560.560.560.550.570.580.590.120.110.120.07◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 58 reconciliationsAUDITED

Reconciled in 15 of the 15 fiscal years we could check. 10 checks were skipped: the balance sheet is not tagged before 2012. Four checks were skipped: EPS is not tagged before 2011.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySecurity & Commodity Brokers, Dealers, Exchanges & Services
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2011

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