Is Intercontinental Exchange (ICE) overvalued or fairly valued?

MarketChacha shows Intercontinental Exchange's valuation in context — a trailing P/E of about 21.3, a forward P/E of about 17.1, a price-to-book of about 2.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Intercontinental Exchange's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.52×) from reported figures — education, not a rating.

What is Intercontinental Exchange's revenue?

Intercontinental Exchange reported revenue of $12.6B for FY2025, with net profit of $3.3B, per official filings.

What is the share price of Intercontinental Exchange (ICE)?

Intercontinental Exchange last traded at $150.54 (+0.2% on the day), as of 8/10/2026 — a delayed quote shown for education, not investment advice.

Intercontinental Exchange

ICE · NYSE · Financials · United States

Snapshot

TickerICE

ExchangeNYSE

SectorFinancials

IndustryFinancial Data & Stock Exchanges

CountryUnited States

Employees12,725

HeadquartersAtlanta, United States

Websitewww.ice.com

Filings tracked16

About Intercontinental Exchange

Intercontinental Exchange, Inc., together with its subsidiaries, provides technology and data to financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Canada, Asia Pacific, and the Middle East. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment operates regulated marketplace technology for the listing, trading, and clearing of an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange and equities, and corporate and exchange-traded funds, as well as data and connectivity services related to its exchanges and clearing houses. The Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics, and execution services, as well as global CDS clearing and multi-asset class data delivery technology. The Mortgage Technology segment offers a technology platform that provides customers comprehensive and digital workflow tools to address inefficiencies and mitigate risks that exist in the U.S. residential mortgage market life cycle from application through closing, servicing, and the secondary market. The company was founded in 2000 and is headquartered in Atlanta, Georgia.

Who owns it

Insiders0.8%
Institutions95.6%
Public & other3.5%

2,260 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.04%
Vanguard Capital Management LLC6.57%
State Street Corporation4.63%
Harris Associates L.P.2.91%
Morgan Stanley2.58%
Geode Capital Management, LLC2.28%
Vanguard Portfolio Management LLC2.10%
Price (T.Rowe) Associates Inc1.92%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.52×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend23.9% → 26.2%

Margin has expanded by about 2.3 points — the business is getting more profitable.

Growth qualityrev 13% · PAT 18%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.7B · EPS 1.97

Est. earnings growth +15.5%

Next fiscal year

Rev $11.6B · EPS 8.81

Est. earnings growth +8.0%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$12.6B

Net margin

26.2%

ROE

11.5%

Revenue CAGR (2y)

+13.0%

Profit CAGR (2y)

+18.3%

EPS (FY2025)

5.77

Net profit (FY2025)

$3.3B

Ask MarketChacha about ICE

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$12.6B	$3.3B	5.77	26.2%	11.5%
FY2024	$11.8B	$2.8B	4.78	23.4%	10.0%
FY2023	$9.9B	$2.4B	4.19	23.9%	9.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$3.6B	$958.0M	1.69	26.5%
2026Q1	$3.7B	$1.4B	2.48	38.5%
2025Q3	$3.0B	$816.0M	1.42	27.1%
2025Q2	$3.3B	$851.0M	1.48	26.1%
2025Q1	$3.2B	$797.0M	1.38	24.7%
2024Q3	$3.0B	$657.0M	1.14	21.7%
2024Q2	$2.9B	$632.0M	1.10	21.8%
2024Q1	$2.8B	$767.0M	1.33	27.4%
2023Q3	$2.4B	$541.0M	0.96	22.3%
2023Q2	$2.3B	$799.0M	1.42	34.2%
2023Q1	$2.5B	$655.0M	1.17	26.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC7/30/2026material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC7/30/2026material
10-Q filing
SEC7/30/2026
8-K — Shareholder vote results
SEC5/19/2026material
8-K — Results of operations, Exhibits
SEC4/30/2026material
10-Q filing
SEC4/30/2026
8-K — Results of operations, Exhibits
SEC2/5/2026material
10-K filing
SEC2/5/2026

2025

8-K — Other events, Exhibits
SEC11/17/2025material
8-K — Results of operations, Exhibits
SEC10/30/2025material
10-Q filing
SEC10/30/2025
8-K — Other events, Exhibits
SEC10/7/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC9/18/2025material
8-K — Bylaw/charter change, Exhibits
SEC8/20/2025material
8-K — Results of operations, Exhibits
SEC7/31/2025material
10-Q filing
SEC7/31/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.