Intercontinental Exchange (ICE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Intercontinental Exchange

NYSE•Financial Services•Financial Data & Stock Exchanges

$153.30-0.80(-0.01%)After hours

Market Cap

$87.24B

P/E

21.6x

P/S

6.5x

P/B

3.0x

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.

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (17/25).

Profitability20/25

Growth21/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality23/25

Strengths

Strong marginsRising earningsCash-backed earningsConsistent free cash flow

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 21.6x5y range 16.0x – 39.8x

Currently below its 20-quarter median.

P/S · 6.5x5y range 5.3x – 8.4x

Currently near its 20-quarter median.

P/B · 3.0x5y range 2.3x – 3.7x

Price & Volume

Market Cap $87.24B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $13.43B
Q. Revenue: $3.61B
TTM EBITDA: $7.02B
TTM Op. Income: $5.47B
Q. Op. Income: $1.39B
TTM Net Income: $4.04B
Q. Net Income: $958.00M
EPS: $1.7
Shares Out.: $564.00M

$13.43B in TTM revenue grew 6.9% YoY, reaching $3.61B last quarter. TTM EBITDA of $7.02B and TTM operating income of $5.47B show growth is flowing through to the bottom line. TTM net income of $4.04B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 49.3%
Op. Margin: 38.5%
Net Margin: 26.5%

Op. margin of 38.5% is down 1.2% YoY — costs are rising relative to revenue. Net margin at 26.5% Over the past year, operating margin is down 3% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 21.6x
P/S Ratio: 6.5x
P/B Ratio: 3.0x

At 21.6x P/E, the stock trades within typical market levels. P/S of 6.5x and P/B of 3.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 5 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $174.25B
Cash: $1.07B
Long-Term Debt: $18.63B
Book Value: $29.55B
D/E Ratio: 0.6
Debt/EBITDA: 10.5

With $174.25B in assets and $18.63B in long-term debt, D/E is 0.6and book value is $29.55B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.00B
TTM Free Cash Flow: $5.08B
FCF Margin: 37.8%
FCF / Net Income: 1.3

TTM FCF of $5.08B on $2.00B in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.