Intercontinental Exchange (ICE) Financials

$176.21 -0.54 (-0.31%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for Intercontinental Exchange

This table shows Intercontinental Exchange's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,754	2,368	1,446	4,058	2,089	1,933	1,988	2,526	1,430	1,274
Consolidated Net Income / (Loss)	2,802	2,438	1,498	4,069	2,108	1,960	2,020	2,554	1,457	1,295
Net Income / (Loss) Continuing Operations	2,802	2,438	1,498	4,069	2,108	1,960	2,020	2,554	1,457	1,295
Total Pre-Tax Income	3,628	2,894	1,808	5,698	2,766	2,481	2,520	2,526	2,043	1,653
Total Operating Income	4,309	3,694	3,638	3,449	3,033	2,673	2,583	2,379	2,172	1,750
Total Gross Profit	9,279	7,988	7,292	7,146	6,036	5,202	4,979	4,638	4,512	3,338
Total Revenue	9,279	7,988	7,292	7,146	6,036	5,202	4,979	4,638	4,512	3,338
Operating Revenue	9,279	7,988	7,292	7,146	6,036	5,202	4,979	4,638	4,512	3,338
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	4,970	4,294	3,654	3,697	3,003	2,529	2,396	2,259	2,340	1,588
Selling, General & Admin Expense	3,218	2,718	2,447	2,502	2,066	1,797	1,708	1,619	1,580	866
Depreciation Expense	1,537	1,215	1,031	1,009	751	662	586	535	610	374
Other Operating Expenses / (Income)	111	92	83	84	81	68	68	69	70	260
Restructuring Charge	104	269	93	102	105	2.00	34	36	80	88
Total Other Income / (Expense), net	-681	-800	-1,830	2,249	-267	-192	-63	147	-129	-97
Interest Expense	910	808	616	423	357	285	244	187	178	97
Interest & Investment Income	141	319	108	1.00	10	35	22	8.00	3.00	-
Other Income / (Expense), net	88	-311	-1,322	2,671	80	58	159	326	46	0.00
Income Tax Expense	826	456	310	1,629	658	521	500	-28	586	358
Net Income / (Loss) Attributable to Noncontrolling Interest	48	70	52	11	19	27	32	28	27	21
Basic Earnings per Share	$4.80	$4.20	$2.59	$7.22	$3.79	$3.44	$3.46	$4.29	$2.40	$2.29
Weighted Average Basic Shares Outstanding	573M	564M	559M	562M	552M	561M	575M	589M	595M	556M
Diluted Earnings per Share	$4.78	$4.19	$2.58	$7.18	$3.77	$3.42	$3.43	$4.25	$2.39	$2.28
Weighted Average Diluted Shares Outstanding	576M	565M	561M	565M	555M	565M	579M	594M	599M	559M
Weighted Average Basic & Diluted Shares Outstanding	574.56M	572.62M	558.85M	561.85M	561.71M	553.45M	568.50M	589M	595M	556M
Cash Dividends to Common per Share	$1.80	$1.68	$1.52	$1.32	$1.20	$1.10	$0.96	$0.80	$0.68	$0.58

This table shows Intercontinental Exchange's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	797	698	657	632	767	373	541	799	655	425	-191
Consolidated Net Income / (Loss)	812	709	671	639	783	390	559	815	674	440	-175
Net Income / (Loss) Continuing Operations	812	709	671	639	783	390	559	815	674	440	-175
Total Pre-Tax Income	1,067	905	898	861	964	516	682	847	849	564	-327
Total Operating Income	1,221	1,077	1,103	1,066	1,063	925	845	955	969	864	913
Total Gross Profit	2,473	2,810	1,862	2,317	2,290	2,601	1,603	1,888	1,896	2,127	1,811
Total Revenue	2,473	2,323	2,349	2,317	2,290	2,201	2,003	1,888	1,896	1,768	1,811
Operating Revenue	2,473	2,323	2,349	2,317	2,290	2,201	2,003	1,888	1,896	1,768	1,811
Total Cost of Revenue	0.00	-487	487	0.00	0.00	-400	400	0.00	0.00	-359	0.00
Total Operating Expenses	1,252	1,733	759	1,251	1,227	1,676	758	933	927	1,263	898
Selling, General & Admin Expense	810	1,306	306	825	781	1,202	274	616	626	968	599
Depreciation Expense	389	389	386	381	381	379	309	267	260	263	258
Other Operating Expenses / (Income)	21	22	30	30	29	27	20	25	20	20	22
Restructuring Charge	32	16	37	15	36	68	155	25	21	12	19
Total Other Income / (Expense), net	-154	-172	-205	-205	-99	-409	-163	-108	-120	-300	-1,240
Interest Expense	206	213	223	233	241	251	206	175	176	176	176
Interest & Investment Income	33	36	39	36	30	32	94	102	91	66	33
Other Income / (Expense), net	19	5.00	-21	-8.00	112	-190	-51	-35	-35	-190	-1,097
Income Tax Expense	255	196	227	222	181	126	123	32	175	124	-152
Net Income / (Loss) Attributable to Noncontrolling Interest	15	11	14	7.00	16	17	18	16	19	15	16
Basic Earnings per Share	$1.39	$1.21	$1.15	$1.10	$1.34	$0.64	$0.96	$1.43	$1.17	$0.77	($0.34)
Weighted Average Basic Shares Outstanding	574M	573M	574M	573M	573M	564M	563M	560M	559M	559M	558M
Diluted Earnings per Share	$1.38	$1.21	$1.14	$1.10	$1.33	$0.64	$0.96	$1.42	$1.17	$0.77	($0.34)
Weighted Average Diluted Shares Outstanding	577M	576M	577M	575M	575M	565M	565M	561M	561M	561M	560M
Weighted Average Basic & Diluted Shares Outstanding	573.63M	574.56M	574.18M	574.14M	573.58M	572.62M	572.36M	560.30M	559.87M	558.85M	558.55M

This table details how cash moves in and out of Intercontinental Exchange's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	3,753	-69,593	2,367	64,357	18,528	499	304	218	-197	269
Net Cash From Operating Activities	4,609	3,542	3,554	3,123	2,881	2,659	2,533	-2,085	2,149	1,311
Net Cash From Continuing Operating Activities	4,609	3,542	3,554	3,123	2,881	2,659	2,533	2,085	2,149	1,311
Net Income / (Loss) Continuing Operations	2,802	2,438	1,498	4,069	2,108	1,960	2,020	2,554	1,457	1,295
Consolidated Net Income / (Loss)	2,802	2,438	1,498	4,069	2,108	1,960	2,020	2,554	1,457	1,295
Depreciation Expense	1,537	1,215	1,031	1,009	751	662	586	535	610	374
Non-Cash Adjustments To Reconcile Net Income	586	462	1,661	-2,555	151	66	23	-651	238	-14
Changes in Operating Assets and Liabilities, net	-316	-573	-636	600	-129	-29	-96	-239	-156	-321
Net Cash From Investing Activities	-921	-8,797	677	-786	-10,361	-1,740	-1,755	92	-860	-3,004
Net Cash From Continuing Investing Activities	-921	-8,797	677	-786	-10,361	-1,740	-1,755	92	-860	-3,004
Purchase of Property, Plant & Equipment	-752	-489	-482	-452	-410	-305	-280	-357	-365	-277
Acquisitions	-67	-10,206	-132	-183	-9,446	-352	-1,246	-423	-425	-3,751
Purchase of Investments	-752	-1,312	0.00	0.00	-	-	-306	-327	-70	-60
Divestitures	0.00	187	741	1,237	0.00	0.00	-	1,199	0.00	0.00
Sale and/or Maturity of Investments	855	637	2.00	1.00	4.00	69	77	0.00	0.00	1,089
Other Investing Activities, net	-205	2,386	548	-1,389	-509	-1,152	0.00	0.00	-	-5.00
Net Cash From Financing Activities	79	-64,345	-1,841	62,026	26,000	-424	-463	-1,971	-1,462	1,976
Net Cash From Continuing Financing Activities	79	-64,345	-1,841	62,026	26,000	-424	-463	-1,971	-1,462	1,976
Repayment of Debt	-1,579	-2,270	-2,669	-2,604	-872	383	-879	-859	0.00	668
Repurchase of Common Equity	0.00	0.00	-632	-250	-1,247	-1,460	-1,198	-949	-50	-660
Payment of Dividends	-1,039	-955	-853	-747	-669	-621	-590	-650	-409	-331
Issuance of Debt	-685	4,354	6,879	0.00	9,606	10	2,213	575	-949	2,472
Other Financing Activities, net	3,382	-65,474	-4,566	65,627	19,182	1,264	-9.00	-88	-54	-173
Effect of Exchange Rate Changes	-14	7.00	-23	-6.00	8.00	4.00	-11	-	-	-14
Cash Interest Paid	870	727	550	406	298	280	202	171	170	123
Cash Income Taxes Paid	957	909	882	1,057	642	557	-533	594	460	542

This table details how cash moves in and out of Intercontinental Exchange's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1,106	3,361	-1,494	6,145	-4,259	-45	-14,617	-15,279	-39,652	-14,066	-7,354
Net Cash From Operating Activities	966	1,506	898	1,196	1,009	969	768	1,152	653	1,092	737
Net Cash From Continuing Operating Activities	966	1,506	898	1,196	1,009	969	768	1,152	653	1,092	737
Net Income / (Loss) Continuing Operations	812	709	671	639	783	390	559	815	674	440	-175
Consolidated Net Income / (Loss)	812	709	671	639	783	390	559	815	674	440	-175
Depreciation Expense	389	389	386	381	381	379	309	267	260	263	258
Non-Cash Adjustments To Reconcile Net Income	-14	307	-38	214	103	350	-14	124	2.00	402	1,293
Changes in Operating Assets and Liabilities, net	-221	101	-121	-38	-258	-150	-86	-54	-283	-13	-639
Net Cash From Investing Activities	-2,153	-920	-73	-187	259	606	-10,547	-901	2,045	3,038	-5,204
Net Cash From Continuing Investing Activities	-2,153	-920	-73	-187	259	606	-10,547	-901	2,045	3,038	-5,204
Purchase of Property, Plant & Equipment	-189	-276	-166	-165	-145	-163	-123	-118	-85	-157	-121
Acquisitions	-11	-35	-6.00	-	-	41	-10,236	-	-	-75	22
Purchase of Investments	-183	-98	1.00	-591	-64	-356	-7.00	-949	0.00	-	-
Sale and/or Maturity of Investments	100	-1.00	-	154	702	637	-3,078	3,078	0.00	-	-
Other Investing Activities, net	-1,870	-510	98	441	-234	350	2,807	-2,901	2,130	3,199	-5,036
Net Cash From Financing Activities	2,283	2,796	-2,331	5,136	-5,522	-1,634	-4,825	-15,535	-42,351	-18,214	-2,865
Net Cash From Continuing Financing Activities	2,283	2,796	-2,331	5,136	-5,522	-1,634	-4,825	-15,535	-42,351	-18,214	-2,865
Repayment of Debt	-6.00	1.00	3.00	-941	-642	-388	-1,889	14	-7.00	-7,895	5,195
Repurchase of Common Equity	-241	-	-	-	-	-	-	-	-	-	-
Payment of Dividends	-278	-259	-261	-261	-258	-242	-241	-236	-236	-213	-213
Issuance of Debt	-96	-841	-616	-	-	-303	4,657	-	0.00	7,891	-5,186
Other Financing Activities, net	2,904	3,895	-1,457	5,566	-4,622	-692	-7,352	-15,322	-42,108	-17,997	-2,661
Effect of Exchange Rate Changes	10	-21	12	-	-5.00	14	-13	5.00	1.00	-	-
Cash Interest Paid	194	211	209	228	222	203	183	174	167	182	142
Cash Income Taxes Paid	166	181	260	374	142	251	122	387	149	172	186

This table presents Intercontinental Exchange's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	139,428	136,084	194,338	193,502	126,200	94,493	92,791	78,264	82,003	77,987
Total Current Assets	89,095	84,973	156,947	154,300	87,219	67,979	66,692	53,562	57,133	53,313
Cash & Equivalents	82,993	79,879	1,799	607	583	841	724	535	407	627
Restricted Cash	1,142	531	6,149	1,035	1,000	943	818	769	679	657
Accounts Receivable	1,490	1,366	1,169	1,208	1,230	988	953	903	777	700
Prepaid Expenses	713	703	458	1,021	323	220	242	133	97	131
Other Current Assets	2,163	1,814	147,372	150,429	84,083	64,987	63,955	51,222	55,150	51,169
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	1,241	1,246	1,129	1,037
Total Noncurrent Assets	50,333	51,111	37,391	39,202	38,981	26,514	24,858	23,456	23,741	23,637
Goodwill	30,595	30,553	21,111	21,123	21,291	13,342	13,085	12,216	12,291	12,079
Intangible Assets	16,306	17,317	13,090	13,736	14,408	10,258	10,462	10,269	10,420	10,758
Other Noncurrent Operating Assets	3,064	2,901	2,785	3,945	2,874	2,510	981	707	334	238
Other Noncurrent Nonoperating Assets	368	340	405	398	408	404	330	264	264	263
Total Liabilities & Shareholders' Equity	139,428	136,084	194,338	193,502	126,200	94,493	92,791	78,264	82,003	77,987
Total Liabilities	111,708	110,298	171,577	170,754	106,573	77,129	75,489	61,279	66,213	63,112
Total Current Liabilities	89,553	84,626	149,171	153,411	87,999	68,816	66,108	54,175	58,617	54,743
Short-Term Debt	3,027	1,954	4.00	1,521	2,411	2,569	951	1,833	2,493	2,591
Accounts Payable	1,051	1,003	866	703	639	505	521	462	388	398
Customer Deposits	82,149	78,980	141,990	145,936	81,628	64,987	63,955	51,222	55,150	51,169
Current Deferred Revenue	236	200	170	194	158	129	135	125	114	98
Current Employee Benefit Liabilities	438	459	352	354	346	291	280	227	230	215
Other Current Liabilities	2,652	2,030	5,789	4,703	2,817	335	266	306	242	272
Total Noncurrent Liabilities	22,155	25,672	22,406	17,343	18,574	8,313	9,381	7,104	7,596	8,369
Long-Term Debt	17,341	20,659	18,118	12,397	14,126	5,250	6,490	4,267	3,871	4,717
Noncurrent Deferred & Payable Income Tax Liabilities	3,904	4,080	3,493	4,100	3,563	2,314	2,337	2,298	2,958	2,837
Noncurrent Employee Benefit Liabilities	170	193	160	200	206	198	204	243	430	478
Other Noncurrent Operating Liabilities	740	740	635	646	679	551	350	296	337	337
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	22	0.00	-	-	93	78	71	0.00	36	35
Total Equity & Noncontrolling Interests	27,698	25,786	22,761	22,748	19,534	17,286	17,231	16,985	15,754	14,840
Total Preferred & Common Equity	27,647	25,717	22,706	22,709	19,498	17,255	17,201	16,957	15,717	14,808
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	27,647	25,717	22,706	22,709	19,498	17,255	17,201	16,957	15,717	14,808
Common Stock	16,299	15,959	14,319	14,075	13,851	11,748	11,553	11,398	11,312	12,296
Retained Earnings	18,071	16,356	14,943	14,350	11,039	9,629	8,317	6,858	4,789	4,148
Treasury Stock	-6,385	-6,304	-6,225	-5,520	-5,200	-3,879	-2,354	-1,076	-40	-1,448
Accumulated Other Comprehensive Income / (Loss)	-338	-294	-331	-196	-192	-243	-315	-223	-344	-188
Noncontrolling Interest	51	69	55	39	36	31	30	28	37	32

This table presents Intercontinental Exchange's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	142,870	139,428	135,201	137,682	131,397	136,084	137,022	136,283	151,550	194,338	211,292
Total Current Assets	92,644	89,095	84,695	86,991	80,542	84,973	85,397	99,222	114,336	156,947	173,712
Cash & Equivalents	84,069	82,993	79,529	885	863	79,879	837	2,877	2,069	1,799	1,183
Restricted Cash	1,235	1,142	1,743	1,252	1,227	531	471	5,413	6,145	6,149	6,032
Accounts Receivable	1,878	1,490	1,565	1,548	1,645	1,366	1,422	1,313	1,650	1,169	1,248
Prepaid Expenses	735	713	739	677	628	703	741	555	503	458	558
Other Current Assets	4,110	2,163	1,119	82,129	76,179	1,814	81,196	88,329	103,969	147,372	164,691
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	50,226	50,333	50,506	50,691	50,855	51,111	51,625	37,061	37,214	37,391	37,580
Long-Term Investments	66	-	-	-	62	-	199	199	-	-	-
Goodwill	30,617	30,595	30,598	30,553	30,549	30,553	30,463	21,134	21,120	21,111	21,075
Intangible Assets	16,067	16,306	16,573	16,805	17,056	17,317	17,595	12,814	12,946	13,090	13,210
Other Noncurrent Operating Assets	3,171	3,064	2,965	2,963	2,910	2,901	3,178	2,709	2,743	2,785	2,890
Other Noncurrent Nonoperating Assets	305	368	370	370	278	340	190	205	405	405	405
Total Liabilities & Shareholders' Equity	142,870	139,428	135,201	137,682	131,397	136,084	137,022	136,283	151,550	194,338	211,292
Total Liabilities	114,827	111,708	107,928	110,938	105,108	110,298	111,510	112,394	128,339	171,577	188,872
Total Current Liabilities	92,720	89,553	84,562	87,464	80,048	84,626	85,282	90,204	106,006	149,171	166,321
Short-Term Debt	2,932	3,027	2,619	3,234	1,916	1,954	2,257	0.00	0.00	4.00	7.00
Accounts Payable	1,056	1,051	1,045	1,008	967	1,003	964	919	949	866	788
Customer Deposits	83,286	82,149	78,774	80,129	74,123	78,980	79,297	86,917	102,072	141,990	156,789
Current Deferred Revenue	612	236	375	497	590	200	334	437	562	170	315
Current Employee Benefit Liabilities	152	438	353	263	180	459	377	226	146	352	274
Other Current Liabilities	4,682	2,652	1,396	2,333	2,272	2,030	2,053	1,705	2,277	5,789	8,148
Total Noncurrent Liabilities	22,107	22,155	23,366	23,474	25,060	25,672	26,228	22,190	22,333	22,406	22,551
Long-Term Debt	17,349	17,341	18,581	18,573	20,068	20,659	21,042	18,128	18,123	18,118	18,113
Noncurrent Deferred & Payable Income Tax Liabilities	3,848	3,904	3,855	3,950	4,030	4,080	4,210	3,256	3,409	3,493	3,565
Noncurrent Employee Benefit Liabilities	167	170	178	179	183	193	177	156	157	160	189
Other Noncurrent Operating Liabilities	743	740	752	772	779	740	799	650	644	635	684
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	22	22	-	-	-	0.00	-	-	-	-	-
Total Equity & Noncontrolling Interests	28,021	27,698	27,273	26,744	26,289	25,786	25,512	23,889	23,211	22,761	22,420
Total Preferred & Common Equity	27,974	27,647	27,233	26,687	26,239	25,717	25,459	23,820	23,167	22,706	22,379
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	27,974	27,647	27,233	26,687	26,239	25,717	25,459	23,820	23,167	22,706	22,379
Common Stock	16,408	16,299	16,233	16,137	16,054	15,959	15,843	14,455	14,394	14,319	14,275
Retained Earnings	18,590	18,071	17,632	17,236	16,865	16,356	16,225	15,925	15,362	14,943	14,731
Treasury Stock	-6,721	-6,385	-6,381	-6,377	-6,375	-6,304	-6,278	-6,276	-6,274	-6,225	-6,224
Accumulated Other Comprehensive Income / (Loss)	-303	-338	-251	-309	-305	-294	-331	-284	-315	-331	-403
Noncontrolling Interest	47	51	40	57	50	69	53	69	44	55	41

This table displays calculated financial ratios and metrics derived from Intercontinental Exchange's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.16%	9.54%	2.04%	18.39%	16.03%	4.48%	7.35%	2.79%	35.17%	7.96%
EBITDA Growth	29.06%	37.38%	-53.05%	84.50%	13.88%	1.95%	6.46%	10.54%	34.60%	17.97%
EBIT Growth	29.97%	46.07%	-62.16%	96.59%	13.99%	-0.40%	1.37%	21.96%	26.74%	16.43%
NOPAT Growth	6.94%	3.24%	22.38%	6.55%	9.46%	1.99%	-13.92%	55.29%	12.98%	32.55%
Net Income Growth	14.93%	62.75%	-63.19%	93.03%	7.55%	-2.97%	-20.91%	75.29%	12.51%	27.46%
EPS Growth	14.08%	62.40%	-64.07%	90.45%	10.23%	-0.29%	-19.29%	77.82%	4.82%	27.46%
Operating Cash Flow Growth	30.12%	-0.34%	13.80%	8.40%	8.35%	4.97%	221.49%	-197.02%	63.92%	-13.41%
Free Cash Flow Firm Growth	-89.36%	1,243.83%	154.24%	122.67%	-546.07%	177.42%	-42.10%	-17.95%	130.48%	-264.42%
Invested Capital Growth	-12.04%	-201.54%	-6.05%	1.33%	48.61%	0.54%	6.29%	5.74%	0.20%	45.17%
Revenue Q/Q Growth	1.33%	5.73%	-0.98%	2.42%	13.12%	-6.08%	3.36%	-0.11%	10.56%	-2.34%
EBITDA Q/Q Growth	6.40%	4.00%	-31.27%	24.83%	5.54%	-3.42%	3.58%	3.96%	8.23%	-0.10%
EBIT Q/Q Growth	8.57%	1.84%	-39.88%	30.35%	4.53%	-5.27%	3.35%	4.97%	8.46%	-1.35%
NOPAT Q/Q Growth	4.43%	1.29%	6.92%	2.19%	5.95%	-4.13%	-23.02%	45.99%	-1.28%	8.97%
Net Income Q/Q Growth	12.85%	-2.01%	-42.10%	32.63%	3.69%	-7.81%	-23.48%	51.84%	-0.41%	6.50%
EPS Q/Q Growth	13.54%	-3.01%	-42.79%	32.47%	4.14%	-8.80%	-24.78%	51.25%	21.94%	6.50%
Operating Cash Flow Q/Q Growth	13.19%	-3.36%	2.87%	-2.28%	11.15%	-0.78%	243.92%	-201.66%	11.40%	-8.39%
Free Cash Flow Firm Q/Q Growth	-91.17%	760.85%	36.56%	-66.88%	3.54%	0.00%	66.05%	10.32%	136.00%	-634.27%
Invested Capital Q/Q Growth	-11.58%	-171.21%	-1.18%	2.31%	-0.85%	-0.42%	-0.03%	4.35%	1.27%	41.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	63.95%	57.56%	45.90%	99.76%	64.02%	65.22%	66.84%	67.40%	62.68%	62.94%
Operating Margin	46.44%	46.24%	49.89%	48.26%	50.25%	51.38%	51.88%	51.29%	48.14%	52.43%
EBIT Margin	47.39%	42.35%	31.76%	85.64%	51.57%	52.50%	55.07%	58.32%	49.16%	52.43%
Profit (Net Income) Margin	30.20%	30.52%	20.54%	56.94%	34.92%	37.68%	40.57%	55.07%	32.29%	38.80%
Tax Burden Percent	77.23%	84.24%	82.85%	71.41%	76.21%	79.00%	80.16%	101.11%	71.32%	78.34%
Interest Burden Percent	82.51%	85.55%	78.07%	93.10%	88.85%	90.85%	91.90%	93.38%	92.11%	94.46%
Effective Tax Rate	22.77%	15.76%	17.15%	28.59%	23.79%	21.00%	19.84%	-1.11%	28.68%	21.66%
Return on Invested Capital (ROIC)	0.00%	0.00%	8.98%	7.16%	8.09%	9.21%	9.33%	11.49%	7.62%	7.99%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-5.03%	19.32%	6.07%	6.50%	8.33%	14.76%	5.78%	5.78%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-2.39%	12.04%	3.31%	2.10%	2.45%	4.09%	1.88%	1.45%
Return on Equity (ROE)	10.47%	10.04%	6.58%	19.20%	11.40%	11.31%	11.78%	15.59%	9.50%	9.44%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	15.22%	5.84%	-31.02%	8.67%	3.23%	5.91%	7.42%	-28.85%
Operating Return on Assets (OROA)	3.19%	2.05%	1.19%	3.83%	2.82%	2.92%	3.21%	3.38%	2.77%	2.39%
Return on Assets (ROA)	2.03%	1.48%	0.77%	2.55%	1.91%	2.09%	2.36%	3.19%	1.82%	1.77%
Return on Common Equity (ROCE)	10.45%	10.02%	6.57%	19.13%	11.32%	11.24%	11.74%	15.54%	9.46%	9.35%
Return on Equity Simple (ROE_SIMPLE)	10.13%	9.48%	6.60%	17.92%	10.81%	11.36%	11.74%	15.06%	9.27%	8.75%
Net Operating Profit after Tax (NOPAT)	3,328	3,112	3,014	2,463	2,311	2,112	2,071	2,405	1,549	1,371
NOPAT Margin	35.87%	38.96%	41.34%	34.47%	38.30%	40.59%	41.58%	51.86%	34.33%	41.07%
Net Nonoperating Expense Percent (NNEP)	-0.85%	-2.75%	14.01%	-12.16%	2.02%	2.71%	1.00%	-3.27%	1.84%	2.21%
Return On Investment Capital (ROIC_SIMPLE)	6.92%	6.43%	7.37%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	34.68%	34.03%	33.56%	35.01%	34.23%	34.54%	34.30%	34.91%	35.02%	25.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	53.56%	53.76%	50.11%	51.74%	49.75%	48.62%	48.12%	48.71%	51.86%	47.57%
Earnings before Interest and Taxes (EBIT)	4,397	3,383	2,316	6,120	3,113	2,731	2,742	2,705	2,218	1,750
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5,934	4,598	3,347	7,129	3,864	3,393	3,328	3,126	2,828	2,101
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.09	2.82	2.45	3.27	3.17	2.81	2.32	2.24	1.94	1.70
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	9.22	9.09	7.64	10.40	10.23	9.33	8.01	8.17	6.76	7.54
Price to Earnings (P/E)	31.07	30.66	38.55	18.31	29.55	25.11	20.07	15.00	21.32	19.77
Dividend Yield	1.21%	1.32%	1.52%	1.00%	1.09%	1.26%	1.37%	1.23%	1.33%	1.26%
Earnings Yield	3.22%	3.26%	2.59%	5.46%	3.38%	3.98%	4.98%	6.66%	4.69%	5.06%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	2.03	2.50	2.25	2.38	2.01	1.99	1.74	1.52
Enterprise Value to Revenue (EV/Rev)	2.36	1.86	9.05	12.12	12.73	10.51	9.22	9.21	7.84	9.27
Enterprise Value to EBITDA (EV/EBITDA)	3.68	3.24	19.71	12.15	19.88	16.12	13.79	13.67	12.51	14.73
Enterprise Value to EBIT (EV/EBIT)	4.97	4.40	28.48	14.16	24.67	20.03	16.74	15.80	15.95	17.68
Enterprise Value to NOPAT (EV/NOPAT)	6.57	4.78	21.89	35.17	33.23	25.90	22.17	17.76	22.84	22.57
Enterprise Value to Operating Cash Flow (EV/OCF)	4.74	4.20	18.56	27.74	26.66	20.57	18.12	0.00	16.46	23.61
Enterprise Value to Free Cash Flow (EV/FCFF)	2.99	0.22	12.91	43.10	0.00	27.51	64.05	34.53	23.46	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.88	0.80	0.61	0.84	0.45	0.43	0.36	0.40	0.49
Long-Term Debt to Equity	0.63	0.80	0.80	0.55	0.72	0.30	0.38	0.25	0.25	0.32
Financial Leverage	-2.31	-1.01	0.48	0.62	0.55	0.32	0.29	0.28	0.33	0.25
Leverage Ratio	5.15	6.81	8.52	7.54	5.97	5.40	4.99	4.89	5.22	5.33
Compound Leverage Factor	4.25	5.82	6.65	7.02	5.30	4.91	4.59	4.57	4.81	5.04
Debt to Total Capital	42.36%	46.72%	44.33%	37.96%	45.73%	31.05%	30.07%	26.42%	28.73%	32.94%
Short-Term Debt to Total Capital	6.29%	4.04%	0.01%	4.15%	6.67%	10.20%	3.84%	7.94%	11.25%	11.68%
Long-Term Debt to Total Capital	36.06%	42.68%	44.32%	33.81%	39.06%	20.85%	26.23%	18.48%	17.47%	21.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.15%	0.14%	0.13%	0.11%	0.36%	0.43%	0.41%	0.12%	0.33%	0.30%
Common Equity to Total Capital	57.49%	53.14%	55.54%	61.93%	53.92%	68.52%	69.52%	73.45%	70.94%	66.75%
Debt to EBITDA	3.43	4.92	5.41	1.95	4.28	2.30	2.24	1.95	2.25	3.48
Net Debt to EBITDA	-10.75	-12.57	3.04	1.72	3.87	1.78	1.77	1.53	1.71	2.71
Long-Term Debt to EBITDA	2.92	4.49	5.41	1.74	3.66	1.55	1.95	1.37	1.37	2.25
Debt to NOPAT	6.12	7.27	6.01	5.65	7.15	3.70	3.59	2.54	4.11	5.33
Net Debt to NOPAT	-19.16	-18.57	3.38	4.98	6.47	2.86	2.85	1.99	3.11	4.15
Long-Term Debt to NOPAT	5.21	6.64	6.01	5.03	6.11	2.49	3.13	1.77	2.50	3.44
Altman Z-Score	0.81	0.71	0.43	0.51	0.59	0.66	0.60	0.66	0.48	0.41
Noncontrolling Interest Sharing Ratio	0.27%	0.26%	0.21%	0.40%	0.64%	0.61%	0.38%	0.31%	0.46%	0.96%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.99	1.00	1.05	1.01	0.99	0.99	1.01	0.99	0.97	0.97
Quick Ratio	0.94	0.96	0.02	0.01	0.02	0.03	0.03	0.03	0.02	0.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	7,306	68,673	5,110	2,010	-8,867	1,988	717	1,237	1,508	-4,948
Operating Cash Flow to CapEx	612.90%	724.34%	737.34%	690.93%	702.68%	871.80%	904.64%	-584.03%	588.77%	473.29%
Free Cash Flow to Firm to Interest Expense	8.03	84.99	8.30	4.75	-24.84	6.97	2.94	6.62	8.47	-51.01
Operating Cash Flow to Interest Expense	5.06	4.38	5.77	7.38	8.07	9.33	10.38	-11.15	12.07	13.52
Operating Cash Flow Less CapEx to Interest Expense	4.24	3.78	4.99	6.31	6.92	8.26	9.23	-13.06	10.02	10.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.05	0.04	0.04	0.05	0.06	0.06	0.06	0.06	0.05
Accounts Receivable Turnover	6.50	6.30	6.14	5.86	5.44	5.36	5.37	5.52	6.11	5.83
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	4.00	3.91	4.17	3.49
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	56.17	57.92	59.49	62.26	67.06	68.10	68.03	66.11	59.74	62.60
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	56.17	57.92	59.49	62.26	67.06	68.10	68.03	66.11	59.74	62.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-37,009	-33,031	32,530	34,626	34,173	22,995	22,871	21,517	20,349	20,308
Invested Capital Turnover	-0.27	-31.89	0.22	0.21	0.21	0.23	0.22	0.22	0.22	0.19
Increase / (Decrease) in Invested Capital	-3,978	-65,561	-2,096	453	11,178	124	1,354	1,168	41	6,319
Enterprise Value (EV)	21,864	14,883	65,969	86,633	76,812	54,690	45,894	42,726	35,378	30,947
Market Capitalization	85,558	72,611	55,740	74,318	61,729	48,546	39,894	37,902	30,482	25,184
Book Value per Share	$48.15	$44.93	$40.65	$40.31	$34.74	$30.99	$30.20	$28.99	$131.93	$134.93
Tangible Book Value per Share	($33.53)	($38.70)	($20.58)	($21.57)	($28.86)	($11.39)	($11.14)	($9.45)	($58.71)	($73.16)
Total Capital	48,088	48,399	40,883	36,666	36,164	25,183	24,743	23,085	22,154	22,183
Total Debt	20,368	22,613	18,122	13,918	16,537	7,819	7,441	6,100	6,364	7,308
Total Long-Term Debt	17,341	20,659	18,118	12,397	14,126	5,250	6,490	4,267	3,871	4,717
Net Debt	-63,767	-57,797	10,174	12,276	14,954	6,035	5,899	4,796	4,823	5,696
Capital Expenditures (CapEx)	752	489	482	452	410	305	280	357	365	277
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-81,566	-78,109	-168	768	48	-52	-7.00	-84	-100	-152
Debt-free Net Working Capital (DFNWC)	2,569	2,301	7,780	2,410	1,631	1,732	1,535	1,220	1,009	1,161
Net Working Capital (NWC)	-458	347	7,776	889	-780	-837	584	-613	-1,484	-1,430
Net Nonoperating Expense (NNE)	526	674	1,516	-1,606	203	152	51	-149	92	76
Net Nonoperating Obligations (NNO)	-64,729	-58,817	9,769	11,878	14,546	5,631	5,569	4,532	4,559	5,433
Total Depreciation and Amortization (D&A)	1,537	1,215	1,031	1,009	751	662	586	421	610	351
Debt-free, Cash-free Net Working Capital to Revenue	-879.04%	-977.83%	-2.30%	10.75%	0.80%	-1.00%	-0.14%	-1.81%	-2.22%	-4.55%
Debt-free Net Working Capital to Revenue	27.69%	28.81%	106.69%	33.73%	27.02%	33.29%	30.83%	26.30%	22.36%	34.78%
Net Working Capital to Revenue	-4.94%	4.34%	106.64%	12.44%	-12.92%	-16.09%	11.73%	-13.22%	-32.89%	-42.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.80	$4.20	$2.59	$7.22	$3.79	$3.44	$3.46	$4.27	$2.39	$0.00
Adjusted Weighted Average Basic Shares Outstanding	573M	564M	559M	562M	552M	561M	575M	589M	595M	0.00
Adjusted Diluted Earnings per Share	$4.78	$4.19	$2.58	$7.18	$3.77	$3.42	$3.43	$4.23	$2.37	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	576M	565M	561M	565M	555M	565M	579M	594M	599M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	574.56M	572.62M	558.85M	561.85M	561.71M	553.45M	568.50M	582.29M	595.34M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	3,408	3,339	3,091	2,536	2,392	2,113	2,098	1,691	1,606	1,440
Normalized NOPAT Margin	36.73%	41.79%	42.39%	35.49%	39.62%	40.62%	42.13%	36.45%	35.60%	43.14%
Pre Tax Income Margin	39.10%	36.23%	24.79%	79.74%	45.83%	47.69%	50.61%	54.46%	45.28%	49.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.83	4.19	3.76	14.47	8.72	9.58	11.24	14.47	12.46	18.04
NOPAT to Interest Expense	3.66	3.85	4.89	5.82	6.47	7.41	8.49	12.86	8.70	14.13
EBIT Less CapEx to Interest Expense	4.01	3.58	2.98	13.40	7.57	8.51	10.09	12.56	10.41	15.19
NOPAT Less CapEx to Interest Expense	2.83	3.25	4.11	4.75	5.33	6.34	7.34	10.95	6.65	11.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.08%	39.17%	56.94%	18.36%	31.74%	31.68%	29.21%	25.45%	28.07%	25.56%
Augmented Payout Ratio	37.08%	39.17%	99.13%	24.50%	90.89%	106.17%	88.51%	62.61%	31.50%	76.53%

This table displays calculated financial ratios and metrics derived from Intercontinental Exchange's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.99%	5.54%	17.27%	22.72%	20.78%	24.49%	10.60%	4.08%	-0.16%	-3.91%	0.50%
EBITDA Growth	4.69%	32.05%	33.09%	21.23%	30.32%	18.89%	1,390.54%	3.40%	0.51%	-61.91%	-93.76%
EBIT Growth	5.53%	47.21%	36.27%	15.00%	25.80%	9.05%	531.52%	3.14%	0.00%	-69.50%	-119.74%
NOPAT Growth	7.62%	20.69%	19.00%	-13.91%	12.24%	3.72%	8.37%	38.07%	-3.27%	5.65%	-5.84%
Net Income Growth	3.70%	81.79%	20.04%	-21.60%	16.17%	-11.36%	419.43%	43.99%	1.05%	-71.22%	-127.47%
EPS Growth	3.76%	89.06%	18.75%	-22.54%	13.68%	-16.88%	382.35%	43.43%	0.86%	-71.48%	-130.36%
Operating Cash Flow Growth	-4.26%	55.42%	16.93%	3.82%	54.52%	-11.26%	4.21%	18.89%	-13.62%	9.97%	40.92%
Free Cash Flow Firm Growth	790.93%	-92.72%	729.35%	-700.76%	-539.39%	2,292.03%	-917.58%	-94.08%	779.78%	1,397.40%	-40.05%
Invested Capital Growth	-182.82%	-12.04%	-171.51%	39.76%	40.13%	-201.54%	40.90%	-3.28%	-5.82%	-6.05%	-2.73%
Revenue Q/Q Growth	6.46%	-1.11%	1.38%	1.18%	4.04%	9.89%	6.09%	-0.42%	7.24%	-2.37%	-0.17%
EBITDA Q/Q Growth	10.74%	0.20%	2.02%	-7.52%	39.68%	1.00%	-7.08%	-0.59%	27.43%	1,166.22%	-93.55%
EBIT Q/Q Growth	14.60%	0.00%	2.27%	-9.96%	59.86%	-7.43%	-13.70%	-1.50%	38.58%	466.30%	-120.63%
NOPAT Q/Q Growth	10.13%	2.37%	4.18%	-8.37%	23.50%	0.94%	-24.63%	19.45%	14.13%	5.47%	-3.98%
Net Income Q/Q Growth	14.53%	5.66%	5.01%	-18.39%	100.77%	-30.23%	-31.41%	20.92%	53.18%	351.43%	-130.92%
EPS Q/Q Growth	14.05%	6.14%	3.64%	-17.29%	107.81%	-33.33%	-32.39%	21.37%	51.95%	326.47%	-134.34%
Operating Cash Flow Q/Q Growth	-35.86%	67.71%	-24.92%	18.53%	4.13%	26.17%	-33.33%	76.42%	-40.20%	48.17%	-23.94%
Free Cash Flow Firm Q/Q Growth	1,657.46%	-94.00%	760.73%	0.81%	3.58%	618.82%	-730.71%	-27.46%	0.77%	77.33%	-95.43%
Invested Capital Q/Q Growth	-2.59%	-11.58%	-172.83%	-0.65%	-0.23%	-171.21%	42.33%	-0.39%	0.57%	-1.18%	-2.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	120.96%	79.27%	100.00%	100.00%	118.17%	80.03%	100.00%	100.00%	120.31%	100.00%
EBITDA Margin	65.87%	63.32%	62.49%	62.11%	67.95%	50.61%	55.07%	62.87%	62.97%	53.00%	4.09%
Operating Margin	49.37%	46.36%	46.96%	46.01%	46.42%	42.03%	42.19%	50.58%	51.11%	48.87%	50.41%
EBIT Margin	50.14%	46.58%	46.06%	45.66%	51.31%	33.39%	39.64%	48.73%	49.26%	38.12%	-10.16%
Profit (Net Income) Margin	32.83%	30.52%	28.57%	27.58%	34.19%	17.72%	27.91%	43.17%	35.55%	24.89%	-9.66%
Tax Burden Percent	76.10%	78.34%	74.72%	74.22%	81.22%	75.58%	81.96%	96.22%	79.39%	78.01%	53.52%
Interest Burden Percent	86.05%	83.64%	82.99%	81.38%	82.04%	70.20%	85.89%	92.07%	90.90%	83.68%	177.72%
Effective Tax Rate	23.90%	21.66%	25.28%	25.78%	18.78%	24.42%	18.04%	3.78%	20.61%	21.99%	0.00%
Return on Invested Capital (ROIC)	90.29%	0.00%	48.62%	7.70%	8.05%	0.00%	6.59%	10.81%	8.77%	8.28%	7.79%
ROIC Less NNEP Spread (ROIC-NNEP)	90.80%	0.00%	49.40%	6.59%	7.49%	0.00%	5.74%	9.75%	7.88%	6.12%	0.60%
Return on Net Nonoperating Assets (RNNOA)	-77.64%	0.00%	-37.03%	3.58%	4.40%	0.00%	3.75%	4.07%	3.70%	2.91%	0.31%
Return on Equity (ROE)	12.66%	10.47%	11.59%	11.28%	12.44%	10.04%	10.34%	14.89%	12.47%	11.19%	8.09%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-25.34%	-25.26%	0.00%	-26.21%	13.47%	14.83%	15.22%	11.21%
Operating Return on Assets (OROA)	3.46%	3.14%	3.10%	2.94%	3.04%	1.61%	1.72%	2.04%	1.99%	1.43%	-0.41%
Return on Assets (ROA)	2.27%	2.06%	1.92%	1.77%	2.03%	0.86%	1.21%	1.81%	1.44%	0.94%	-0.39%
Return on Common Equity (ROCE)	12.63%	10.45%	11.57%	11.25%	12.42%	10.02%	10.32%	14.85%	12.45%	11.17%	8.06%
Return on Equity Simple (ROE_SIMPLE)	10.12%	0.00%	9.12%	8.88%	9.71%	0.00%	9.77%	7.36%	6.50%	0.00%	11.56%
Net Operating Profit after Tax (NOPAT)	929	844	824	791	863	699	693	919	769	674	639
NOPAT Margin	37.57%	36.32%	35.09%	34.15%	37.70%	31.76%	34.58%	48.67%	40.57%	38.12%	35.29%
Net Nonoperating Expense Percent (NNEP)	-0.50%	-0.22%	-0.77%	1.11%	0.55%	-1.26%	0.85%	1.06%	0.88%	2.16%	7.18%
Return On Investment Capital (ROIC_SIMPLE)	1.92%	1.76%	-	-	-	1.44%	-	-	-	1.65%	-
Cost of Revenue to Revenue	0.00%	-20.96%	20.73%	0.00%	0.00%	-18.17%	19.97%	0.00%	0.00%	-20.31%	0.00%
SG&A Expenses to Revenue	32.75%	56.22%	13.03%	35.61%	34.10%	54.61%	13.68%	32.63%	33.02%	54.75%	33.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	50.63%	74.60%	32.31%	53.99%	53.58%	76.15%	37.84%	49.42%	48.89%	71.44%	49.59%
Earnings before Interest and Taxes (EBIT)	1,240	1,082	1,082	1,058	1,175	735	794	920	934	674	-184
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,629	1,471	1,468	1,439	1,556	1,114	1,103	1,187	1,194	937	74
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.54	3.09	3.39	2.94	0.00	2.82	2.39	2.62	0.00	2.45	2.20
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	10.47	9.22	10.07	8.91	0.00	9.09	8.05	8.48	0.00	7.64	6.68
Price to Earnings (P/E)	35.60	31.07	37.97	33.95	0.00	30.66	25.15	36.99	0.00	38.55	19.30
Dividend Yield	1.06%	1.21%	1.10%	1.27%	1.25%	1.32%	1.51%	1.43%	1.52%	1.52%	1.67%
Earnings Yield	2.81%	3.22%	2.63%	2.95%	0.00%	3.26%	3.98%	2.70%	0.00%	2.59%	5.18%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	2.16	0.00	0.00	1.78	2.21	0.00	2.03	1.83
Enterprise Value to Revenue (EV/Rev)	3.60	2.36	3.52	11.15	0.00	1.86	10.95	9.80	0.00	9.05	8.17
Enterprise Value to EBITDA (EV/EBITDA)	5.68	3.68	5.77	18.85	0.00	3.24	18.71	21.27	0.00	19.71	12.35
Enterprise Value to EBIT (EV/EBIT)	7.64	4.97	7.95	26.12	0.00	4.40	24.89	30.78	0.00	28.48	15.61
Enterprise Value to NOPAT (EV/NOPAT)	10.06	6.57	10.10	32.13	0.00	4.78	26.92	21.48	0.00	21.89	21.33
Enterprise Value to Operating Cash Flow (EV/OCF)	7.47	4.74	7.91	24.92	0.00	4.20	22.56	19.85	0.00	18.56	17.40
Enterprise Value to Free Cash Flow (EV/FCFF)	0.39	2.99	0.39	0.00	0.00	0.22	0.00	16.16	0.00	12.91	16.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.72	0.73	0.78	0.82	0.84	0.88	0.91	0.76	0.78	0.80	0.81
Long-Term Debt to Equity	0.62	0.63	0.68	0.69	0.76	0.80	0.82	0.76	0.78	0.80	0.81
Financial Leverage	-0.86	-2.31	-0.75	0.54	0.59	-1.01	0.65	0.42	0.47	0.48	0.51
Leverage Ratio	5.05	5.15	5.16	5.41	5.72	6.81	7.27	7.52	7.84	8.52	8.21
Compound Leverage Factor	4.34	4.31	4.28	4.40	4.69	4.78	6.24	6.92	7.13	7.13	14.59
Debt to Total Capital	41.97%	42.36%	43.74%	44.92%	45.54%	46.72%	47.73%	43.14%	43.85%	44.33%	44.70%
Short-Term Debt to Total Capital	6.07%	6.29%	5.40%	6.66%	3.97%	4.04%	4.62%	0.00%	0.00%	0.01%	0.02%
Long-Term Debt to Total Capital	35.90%	36.06%	38.33%	38.25%	41.57%	42.68%	43.11%	43.14%	43.85%	44.32%	44.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.14%	0.15%	0.08%	0.12%	0.10%	0.14%	0.11%	0.16%	0.11%	0.13%	0.10%
Common Equity to Total Capital	57.89%	57.49%	56.18%	54.97%	54.36%	53.14%	52.16%	56.69%	56.05%	55.54%	55.20%
Debt to EBITDA	3.38	3.43	3.80	4.18	4.43	4.92	5.27	5.34	5.41	5.41	3.72
Net Debt to EBITDA	-10.84	-10.75	-10.77	3.77	4.00	-12.57	4.93	2.84	2.96	3.04	2.24
Long-Term Debt to EBITDA	2.89	2.92	3.33	3.56	4.05	4.49	4.76	5.34	5.41	5.41	3.72
Debt to NOPAT	5.98	6.12	6.65	7.13	6.86	7.27	7.58	5.40	6.08	6.01	6.43
Net Debt to NOPAT	-19.20	-19.16	-18.85	6.43	6.19	-18.57	7.09	2.87	3.32	3.38	3.87
Long-Term Debt to NOPAT	5.12	5.21	5.83	6.07	6.26	6.64	6.85	5.40	6.08	6.01	6.42
Altman Z-Score	0.79	0.73	0.79	0.69	0.00	0.64	0.57	0.65	0.00	0.40	0.33
Noncontrolling Interest Sharing Ratio	0.22%	0.27%	0.18%	0.25%	0.19%	0.26%	0.20%	0.25%	0.17%	0.21%	0.37%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.00	0.99	1.00	0.99	1.01	1.00	1.00	1.10	1.08	1.05	1.04
Quick Ratio	0.93	0.94	0.96	0.03	0.03	0.96	0.03	0.05	0.04	0.02	0.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	84,740	4,822	80,377	-12,165	-12,265	66,260	-12,771	2,025	2,791	2,770	1,562
Operating Cash Flow to CapEx	511.11%	545.65%	540.96%	724.85%	695.86%	594.48%	624.39%	976.27%	768.24%	695.54%	609.09%
Free Cash Flow to Firm to Interest Expense	411.36	22.64	360.44	-52.21	-50.89	263.98	-62.00	11.57	15.86	15.74	8.88
Operating Cash Flow to Interest Expense	4.69	7.07	4.03	5.13	4.19	3.86	3.73	6.58	3.71	6.20	4.19
Operating Cash Flow Less CapEx to Interest Expense	3.77	5.77	3.28	4.42	3.59	3.21	3.13	5.91	3.23	5.31	3.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.07	0.07	0.06	0.06	0.05	0.04	0.04	0.04	0.04	0.04
Accounts Receivable Turnover	5.37	6.50	6.13	6.16	5.09	6.30	5.66	5.49	4.36	6.14	5.72
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.09	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.48
Days Sales Outstanding (DSO)	67.95	56.17	59.53	59.26	71.74	57.92	64.50	66.53	83.78	59.49	63.82
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	4,214.28	0.00	0.00	0.00	7,798.54	0.00	0.00	0.00	754.40
Cash Conversion Cycle (CCC)	67.95	56.17	-4,154.75	59.26	71.74	57.92	-7,734.04	66.53	83.78	59.49	-690.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-37,968	-37,009	-33,169	45,544	45,843	-33,031	46,384	32,588	32,715	32,530	32,920
Invested Capital Turnover	2.40	-0.27	1.39	0.23	0.21	-31.89	0.19	0.22	0.22	0.22	0.22
Increase / (Decrease) in Invested Capital	-83,811	-3,978	-79,553	12,956	13,128	-65,561	13,464	-1,106	-2,022	-2,096	-923
Enterprise Value (EV)	34,092	21,864	32,198	98,245	0.00	14,883	82,696	72,152	0.00	65,969	60,131
Market Capitalization	99,112	85,558	92,230	78,518	0.00	72,611	60,851	62,444	0.00	55,740	49,185
Book Value per Share	$48.74	$48.15	$47.43	$46.53	$45.79	$44.93	$45.44	$42.55	$41.44	$40.65	$40.07
Tangible Book Value per Share	($32.60)	($33.53)	($34.73)	($36.04)	($37.29)	($38.70)	($40.33)	($18.09)	($19.50)	($20.58)	($21.32)
Total Capital	48,324	48,088	48,473	48,551	48,273	48,399	48,811	42,017	41,334	40,883	40,540
Total Debt	20,281	20,368	21,200	21,807	21,984	22,613	23,299	18,128	18,123	18,122	18,120
Total Long-Term Debt	17,349	17,341	18,581	18,573	20,068	20,659	21,042	18,128	18,123	18,118	18,113
Net Debt	-65,089	-63,767	-60,072	19,670	19,832	-57,797	21,792	9,639	9,909	10,174	10,905
Capital Expenditures (CapEx)	189	276	166	165	145	163	123	118	85	157	121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-82,448	-81,566	-78,520	624	320	-78,109	1,064	728	116	-168	183
Debt-free Net Working Capital (DFNWC)	2,856	2,569	2,752	2,761	2,410	2,301	2,372	9,018	8,330	7,780	7,398
Net Working Capital (NWC)	-76	-458	133	-473	494	347	115	9,018	8,330	7,776	7,391
Net Nonoperating Expense (NNE)	117	135	153	152	80	309	134	104	95	234	814
Net Nonoperating Obligations (NNO)	-66,011	-64,729	-60,442	18,800	19,554	-58,817	20,872	8,699	9,504	9,769	10,500
Total Depreciation and Amortization (D&A)	389	389	386	381	381	379	309	267	260	263	258
Debt-free, Cash-free Net Working Capital to Revenue	-871.36%	-879.04%	-857.49%	7.08%	3.82%	-977.83%	14.08%	9.89%	1.59%	-2.30%	2.49%
Debt-free Net Working Capital to Revenue	30.18%	27.69%	30.05%	31.34%	28.75%	28.81%	31.40%	122.48%	114.28%	106.69%	100.46%
Net Working Capital to Revenue	-0.80%	-4.94%	1.45%	-5.37%	5.89%	4.34%	1.52%	122.48%	114.28%	106.64%	100.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.39	$1.21	$1.15	$1.10	$1.34	$0.64	$0.96	$1.43	$1.17	$0.77	($0.34)
Adjusted Weighted Average Basic Shares Outstanding	574M	573M	574M	573M	573M	564M	563M	560M	559M	559M	558M
Adjusted Diluted Earnings per Share	$1.38	$1.21	$1.14	$1.10	$1.33	$0.64	$0.96	$1.42	$1.17	$0.77	($0.34)
Adjusted Weighted Average Diluted Shares Outstanding	577M	576M	577M	575M	575M	565M	565M	561M	561M	561M	560M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	573.63M	574.56M	574.18M	574.14M	573.58M	572.62M	572.36M	560.30M	559.87M	558.85M	558.55M
Normalized Net Operating Profit after Tax (NOPAT)	954	856	852	802	893	751	820	943	786	683	652
Normalized NOPAT Margin	38.56%	36.86%	36.26%	34.63%	38.98%	34.10%	40.92%	49.95%	41.45%	38.65%	36.02%
Pre Tax Income Margin	43.15%	38.96%	38.23%	37.16%	42.10%	23.44%	34.05%	44.86%	44.78%	31.90%	-18.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.02	5.08	4.85	4.54	4.88	2.93	3.85	5.26	5.31	3.83	-1.05
NOPAT to Interest Expense	4.51	3.96	3.70	3.40	3.58	2.79	3.36	5.25	4.37	3.83	3.63
EBIT Less CapEx to Interest Expense	5.10	3.78	4.11	3.83	4.27	2.28	3.26	4.58	4.82	2.94	-1.73
NOPAT Less CapEx to Interest Expense	3.59	2.67	2.95	2.69	2.98	2.14	2.77	4.58	3.89	2.94	2.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.41%	37.08%	41.16%	42.26%	38.36%	39.17%	37.22%	51.20%	58.14%	56.94%	31.93%
Augmented Payout Ratio	45.92%	37.08%	41.16%	42.26%	38.36%	39.17%	37.22%	51.20%	58.14%	99.13%	66.02%

Frequently Asked Questions About Intercontinental Exchange's Financials

When does Intercontinental Exchange's fiscal year end?

According to the most recent income statement we have on file, Intercontinental Exchange's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Intercontinental Exchange's net income changed over the last 9 years?

Intercontinental Exchange's net income appears to be on an upward trend, with a most recent value of $2.80 billion in 2024, rising from $1.30 billion in 2015. The previous period was $2.44 billion in 2023. Find out what analysts predict for Intercontinental Exchange in the coming months.

What is Intercontinental Exchange's operating income?

Intercontinental Exchange's total operating income in 2024 was $4.31 billion, based on the following breakdown:

Total Gross Profit: $9.28 billion
Total Operating Expenses: $4.97 billion

How has Intercontinental Exchange revenue changed over the last 9 years?

Over the last 9 years, Intercontinental Exchange's total revenue changed from $3.34 billion in 2015 to $9.28 billion in 2024, a change of 178.0%.

How much debt does Intercontinental Exchange have?

Intercontinental Exchange's total liabilities were at $111.71 billion at the end of 2024, a 1.3% increase from 2023, and a 77.0% increase since 2015.

How much cash does Intercontinental Exchange have?

In the past 9 years, Intercontinental Exchange's cash and equivalents has ranged from $407 million in 2016 to $82.99 billion in 2024, and is currently $82.99 billion as of their latest financial filing in 2024.

How has Intercontinental Exchange's book value per share changed over the last 9 years?

Over the last 9 years, Intercontinental Exchange's book value per share changed from 134.93 in 2015 to 48.15 in 2024, a change of -64.3%.

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This page (NYSE:ICE) was last updated on 5/21/2025 by MarketBeat.com Staff

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Intercontinental Exchange (ICE) Financials

Frequently Asked Questions About Intercontinental Exchange's Financials

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Intercontinental Exchange (ICE) Financials

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