Intercontinental Exchange

Financials Financial Exchanges & Data Atlanta, Georgia Last filing Feb 5, 2026 · FY2025

                    Revenue
                    FY2025
                
$12.8B
                    3y CAGR +9.4%
                    
                    P26
                    
                    +7.2%
                    
                    Net income
                    FY2025
                
$3.3B
                    Net margin +26.0%
                    
                    P62
                    
                    +20.4%
                    
                    Total assets
                    FY2025
                
$136.9B
                    ROA +2.4%
                    
                    P49
                    
                    -1.8%
                    
                    Operating cash flow
                    FY2025
                
$4.7B
                    FCF margin +30.3%
                    
                    P53
                    
                    +1.1%

15 yrs · FY2011–FY2025 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

20 accounts · 10 years

Total assets $136.9B

Total liabilities $107.9B

Shareholders equity $28.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	0.6%	0.6%	0.7%	0.9%	—	—	—	—	—	—
Cash Segregated	56.1%	58.9%	58.0%	73.1%	75.4%	64.7%	68.8%	68.9%	65.4%	67.3%
Brokerage Receivables	4.4%	2.6%	2.3%	0.6%	0.6%	1.0%	1.0%	1.0%	1.2%	0.9%
Other Assets	38.9%	37.9%	39.0%	25.4%	24.0%	34.3%	30.2%	30.0%	33.4%	31.8%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Brokerage Payables	4.0%	2.3%	2.1%	3.2%	2.7%	2.5%	0.5%	0.6%	0.6%	0.5%
Short Term Borrowings	0.8%	2.2%	1.4%	0.0%	0.8%	1.9%	2.7%	1.0%	2.3%	3.0%
Long Term Debt	13.6%	12.4%	15.2%	9.3%	6.4%	11.2%	5.6%	7.0%	5.5%	4.7%
Other Liabilities	60.4%	63.2%	62.4%	75.7%	78.4%	68.9%	72.8%	72.8%	69.9%	72.5%
Total Liabilities	78.8%	80.1%	81.1%	88.3%	88.2%	84.4%	81.6%	81.4%	78.3%	80.7%
Equity
Total Stockholders Equity	21.1%	19.8%	18.9%	11.7%	11.7%	15.5%	18.3%	18.5%	21.7%	19.2%
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	12.2%	11.7%	11.7%	7.4%	7.3%	11.0%	12.4%	12.4%	14.6%	13.8%
Retained Earnings	14.8%	13.0%	12.0%	7.7%	7.4%	8.7%	10.2%	9.0%	8.8%	5.8%
Treasury Stock	5.7%	4.6%	4.6%	3.2%	2.9%	4.1%	4.1%	2.5%	1.4%	0.0%
Accumulated Other Comprehensive Income	-0.2%	-0.2%	-0.2%	-0.2%	-0.1%	-0.2%	-0.3%	-0.3%	-0.3%	-0.4%
Noncontrolling Interest	0.0%	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Temporary Equity and Other	0.0%	0.0%	0.0%	—	—	0.1%	0.1%	0.1%	0.0%	0.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

10 accounts · 10 years

Revenue $12.8B

Operating income Not reported

Net income $3.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	9.3%	8.5%	7.5%	5.0%	4.7%	6.5%	7.0%	6.8%	7.5%	7.3%
Expenses Compensation	1.4%	1.4%	1.2%	0.7%	0.8%	0.9%	1.1%	1.1%	1.2%	1.2%
Expenses Operating Expenses	4.7%	4.6%	4.2%	3.4%	1.0%	3.4%	3.2%	3.0%	3.0%	3.6%
Other Income Expense Income Before Tax	3.2%	2.6%	2.1%	0.9%	2.9%	2.2%	2.6%	2.7%	3.2%	2.5%
Income Tax Income Tax Expense	0.7%	0.6%	0.3%	0.2%	0.8%	0.5%	0.6%	0.5%	-0.0%	0.7%
net Income Other Items Below Tax	-0.0%	-0.0%	-0.1%	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	0.1%
net Income net Income	2.4%	2.0%	1.7%	0.7%	2.1%	1.7%	2.0%	2.1%	3.2%	1.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	0.4%	0.4%	0.4%	0.3%	0.3%	0.4%	0.6%	0.6%	0.8%	0.7%

Cash Flow Statement

Operating, investing, and financing flows

14 accounts · 10 years

Operating cash flow $4.7B

Investing cash flow $-4.2B

Financing cash flow $-6.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Cash From Operating Activities	3.4%	3.3%	2.6%	1.8%	1.6%	2.3%	2.8%	2.7%	2.7%	2.6%
Operating Activities net Income	2.5%	2.0%	1.8%	0.8%	2.1%	1.7%	2.1%	2.2%	3.3%	1.8%
Operating Activities Depreciation and Amortization	1.1%	1.1%	0.9%	0.5%	0.5%	0.6%	0.7%	0.6%	0.7%	0.7%
Operating Activities Stock Based Compensation	0.2%	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%
Operating Activities Other Non Cash Items	-0.4%	0.0%	-0.3%	0.4%	-1.1%	-0.1%	-0.1%	-0.2%	-1.5%	-0.1%
Investing Activities net Cash From Investing Activities	-3.1%	-0.7%	-6.5%	0.3%	-0.4%	-8.2%	-1.8%	-1.9%	0.1%	-1.0%
Investing Activities Capital Expenditures	-0.6%	-0.5%	-0.4%	-0.2%	-0.2%	-0.3%	-0.3%	-0.3%	-0.5%	-0.4%
Investing Activities Other Investing Activities	-2.5%	-0.1%	-6.1%	0.6%	-0.2%	-7.9%	-1.5%	-1.6%	0.6%	-0.6%
Financing Activities net Cash From Financing Activities	-4.6%	0.1%	-47.3%	-0.9%	32.1%	20.6%	-0.4%	-0.5%	-2.5%	-1.8%
Financing Activities Dividends Paid	-0.8%	-0.7%	-0.7%	-0.4%	-0.4%	-0.5%	-0.7%	-0.6%	-0.6%	-0.5%
Financing Activities Repurchase of Common Stock	-0.9%	0.0%	0.0%	-0.3%	-0.1%	-1.0%	-1.5%	-1.3%	-1.2%	-0.1%
Financing Activities Other Financing Activities	-2.9%	0.8%	-46.6%	-0.2%	32.6%	22.1%	1.8%	1.4%	-0.7%	-1.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.0%	0.0%	-0.0%	-0.0%	0.0%	0.0%	-0.0%	0.0%	-0.0%
Cash Reconciliation net Change In Cash	-4.3%	2.7%	-51.1%	1.2%	33.3%	14.7%	0.5%	0.3%	0.3%	-0.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Net margin	+26.0%	+23.1%	+23.2%	+14.8%	+44.3%	+25.3%	+29.4%	+31.6%	+43.1%	+23.9%
FCF margin	+30.3%	+32.4%	+29.9%	+31.5%	+29.1%	+29.9%	+35.8%	+35.8%	+29.6%	+29.9%
Growth
Revenue CAGR (3y)	+9.4%	+9.1%	+7.4%	+14.0%	+13.3%	+12.3%	+3.4%	+10.4%	+10.3%	+51.0%
Returns
ROE	+11.5%	+10.0%	+9.2%	+6.4%	+17.9%	+10.7%	+11.2%	+11.6%	+14.8%	+9.0%
ROA	+2.4%	+2.0%	+1.7%	+0.7%	+2.1%	+1.7%	+2.0%	+2.1%	+3.2%	+1.7%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	3.73x	4.04x	4.29x	7.56x	7.52x	5.47x	4.47x	4.39x	3.61x	4.21x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.09x	0.09x	0.08x	0.05x	0.05x	0.07x	0.07x	0.07x	0.07x	0.07x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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Intercontinental Exchange

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