MARKETS / NYSE / 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

10 YEARS OF DIVIDEND GROWTH

Revenue

$12.6B

▲ 7.5% YoY

Net income

$3.3B

▲ 20.4% YoY

Free cash flow

$4.3B

▲ 2.0% YoY

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

Compound annual growth

Revenue

+9.5%

+8.9%

+14.2%

Net income

+31.9%

+9.7%

+10.0%

EPS, diluted

+30.8%

+8.9%

+9.7%

Dividend / share

+8.1%

+9.9%

+12.7%

Returned to shareholders

+17.3%

+4.6%

+9.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +8.9% a year over five years — 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%

ROE

FY2025 · ROE 11.7%

Gross margin—

Operating margin39.0%

Net margin26.7%

Return on assets2.4%

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

Net buybacks $B Dividends $B

FY2025 · Dividends 1.1 · Net buybacks 1.3

Dividends paidUSD 1.1B

Net buybacksUSD 1.3B

Share of profit72.4%

Consecutive raises10 years (since the 2015 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

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue $B	12.6	11.8	9.9	9.6	9.2	8.2	6.5	6.3	5.8	6.0	3.3	4.4	1.7	1.4	1.3
Operating income $B	4.9	4.3	3.7	3.6	3.4	3.0	2.7	2.6	2.4	2.2	1.8	1.4	0.8	0.8	0.8
EBITDA $B	5.1	4.5	3.9	3.8	3.6	3.2	2.8	2.7	2.5	2.3	1.9	1.5	0.8	0.9	0.8
Income tax $B	1.0	0.8	0.5	0.3	1.6	0.7	0.5	0.5	−0.0	0.6	0.4	0.4	0.2	0.2	0.2
Net income $B	3.3	2.8	2.4	1.4	4.1	2.1	1.9	2.0	2.5	1.4	1.3	1.0	0.3	0.6	0.5
Free cash flow $B	4.3	4.2	3.4	3.3	2.9	2.7	2.5	2.4	1.9	1.9	1.1	1.3	0.6	0.7	0.7
EPS, diluted $	5.77	4.78	4.19	2.58	7.18	3.77	3.42	3.43	4.25	2.39	2.28	1.71	3.21	7.52	6.90
Dividend / sh $	1.92	1.80	1.68	1.52	1.32	1.20	1.10	0.96	0.80	0.68	0.58	0.52	0.65	0.00	0.00
Payout %	33	38	40	59	18	32	32	28	19	29	26	30	30	0	0
ROE %	11.7	10.3	9.8	6.4	19.2	11.4	11.2	11.6	15.5	9.4	9.4	7.9	3.2	15.1	·
Shares out B	0.57	0.57	0.57	0.56	0.56	0.56	0.55	0.57	0.58	0.59	0.59	0.11	0.12	0.07	·

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

Provenance

Company facts, as filed

How we verify · 0 failures in 58 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 18 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivitySecurity & Commodity Brokers, Dealers, Exchanges & Services

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2011