Intercontinental Exchange Inc.

ICE Financial Financial Data & Stock Exchanges

Intercontinental Exchange Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.9 billion, up 7.03% from fiscal 2024.

Revenue
+14.7%
EPS
+19.2%
Free cash flow
+25.5%
Total debt
+17.2%

Quarter to September 2026, against a year earlier

172.68 1.32 −0.76%
Market cap
$97.2B
P/E
23.6×
Fwd P/E
22.7×
Dividend yield
1.17%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Intercontinental Exchange Inc. (ICE) Gross margin

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Intercontinental Exchange Inc.'s gross margin over the twelve months to 30 September 2026 was 98.7%, up 0.2 percentage points from fiscal 2025 (98.4%). Over the past ten years it has ranged from 95.8% (fiscal 2015) to 98.5% (fiscal 2023); the current reading is higher than 91% of that period. That is above the Financial Data & Stock Exchanges industry median of 72.8% and above the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 98.4% 0.07
FY2024 98.3% (0.12)
FY2023 98.5% 0.26
FY2022 98.2% 0.43
FY2021 97.8% 0.16
FY2020 97.6% 0.01
FY2019 97.6% 0.23
FY2018 97.4% (0.02)
FY2017 97.4% 0.43
FY2016 97.0% 1.12

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 98.7% 0.05
Jun 2026 98.6% (0.21)
Mar 2026 98.8% 0.34
Dec 2025 98.5% 0.10
43 more quarters

Against its own ten years

Low 95.8% High 98.5%
Ten-year median 97.6%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
CME CME Group Inc. compare 100.0%
ICE Intercontinental Exchange Inc. 98.7%
COIN Coinbase Global, Inc. compare 85.8%
MSCI MSCI Inc compare 82.9%
MCO Moody's Corporation compare 74.6%
SPGI S&P Global Inc. compare 71.0%
NDAQ Nasdaq, Inc. compare 63.2%
TRU TransUnion compare 58.8%
CBOE Cboe Global Markets, Inc. compare 53.9%
Financial Data & Stock Exchanges industry median 72.8%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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