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

173.13 0.87 −0.50%
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) Operating margin

Alert me on Operating margin

Intercontinental Exchange Inc.'s operating margin over the twelve months to 30 September 2026 was 52.3%, up 2.6 percentage points from fiscal 2025 (49.6%). Over the past ten years it has ranged from 46.2% (fiscal 2023) to 52.4% (fiscal 2015); the current reading is higher than 45% of that period. That is above the Financial Data & Stock Exchanges industry median of 29.1% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 49.6% 3.19
FY2024 46.4% 0.20
FY2023 46.2% (3.65)
FY2022 49.9% 1.63
FY2021 48.3% (1.99)
FY2020 50.3% (1.13)
FY2019 51.4% (0.50)
FY2018 51.9% 0.59
FY2017 51.3% 3.15
FY2016 48.1% (4.29)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 51.0% (1.19)
Jun 2026 52.2% (3.75)
Mar 2026 55.9% 6.53
Dec 2025 49.4% 0.71
43 more quarters

Against its own ten years

Low 46.2% High 52.4%
Ten-year median 49.9%
Current reading's percentile 91

Operating margin against peers

Company Operating margin
CME CME Group Inc. compare 65.7%
MSCI MSCI Inc compare 55.7%
ICE Intercontinental Exchange Inc. 52.3%
SPGI S&P Global Inc. compare 46.2%
MCO Moody's Corporation compare 44.6%
CBOE Cboe Global Markets, Inc. compare 36.4%
NDAQ Nasdaq, Inc. compare 29.9%
TRU TransUnion compare 19.3%
COIN Coinbase Global, Inc. compare 3.56%
Financial Data & Stock Exchanges industry median 29.1%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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