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

172.50 1.50 −0.86%
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) Price to free cash flow

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As of 5 November 2026, Intercontinental Exchange Inc. (ICE) trades at a price to free cash flow of 20.2×. Over the past ten years it has ranged from 15.0× (June 2026) to 28.8× (March 2022); the current reading is higher than 23% of that period. That is in line with the Financial Data & Stock Exchanges industry median of 20.2× and above the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 23.9× 8.11%
FY2024 22.1× (5.23%)
FY2023 23.4× 24.36%
FY2022 18.8× (34.73%)
FY2021 28.8× 11.74%
FY2020 25.8× 16.77%
FY2019 22.1× 14.72%
FY2018 19.2× (19.25%)
FY2017 23.8× 26.98%
FY2016 18.8× (31.96%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 17.7× 18.00%
Jun 2026 15.0× (28.80%)
Mar 2026 21.0× (12.20%)
Dec 2025 23.9× 1.62%
43 more quarters

Against its own ten years

Low 15.0× High 28.8×
Ten-year median 22.8×
Current reading's percentile 23

Price to free cash flow against peers

Company Price to free cash flow
CBOE Cboe Global Markets, Inc. compare 14.5×
TRU TransUnion compare 17.4×
ICE Intercontinental Exchange Inc. 20.2×
SPGI S&P Global Inc. compare 23.6×
CME CME Group Inc. compare 25.4×
NDAQ Nasdaq, Inc. compare 26.5×
MCO Moody's Corporation compare 29.9×
MSCI MSCI Inc compare 32.6×
COIN Coinbase Global, Inc. compare 46.5×
Financial Data & Stock Exchanges industry median 20.2×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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