Intercontinental Exchange (ICE) Financials

$168.09 +1.76 (+1.06%)

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

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

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

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

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

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

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

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

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

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

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.

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%.

Related Companies

This page (NYSE:ICE) was last updated on 4/30/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Intercontinental Exchange (ICE) Financials

Frequently Asked Questions About Intercontinental Exchange's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Intercontinental Exchange (ICE) Financials

Annual Income Statements for Intercontinental Exchange

Quarterly Income Statements for Intercontinental Exchange

Annual Cash Flow Statements for Intercontinental Exchange

Quarterly Cash Flow Statements for Intercontinental Exchange

Annual Balance Sheets for Intercontinental Exchange

Quarterly Balance Sheets for Intercontinental Exchange

Annual Metrics and Ratios for Intercontinental Exchange

Quarterly Metrics and Ratios for Intercontinental Exchange

Frequently Asked Questions About Intercontinental Exchange's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools