Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Intercontinental Exchange, Inc.

ICE · NYSE · Financial

Fundamental quality

ATTRACTIVE

75

out of 100

Intercontinental Exchange, Inc. runs like a cash machine: it converts about 37.8% of revenue into free cash flow and holds a 30.1% net margin, though it grows at a measured pace. On fundamental quality it scores 75 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its growth (revenue +9.3%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Intercontinental Exchange owns the New York Stock Exchange (NYSE) and major energy futures markets, plus a growing financial-data and mortgage-technology business. It charges per transaction and via data subscriptions: a toll booth on markets.

What will shape its future

  • Trading volumes, especially in energy: volatility is its friend.
  • The growing share of recurring revenue (data, mortgage tech), which stabilizes the business.
  • The U.S. mortgage cycle, on which its mortgage-technology division depends.

Breakdown by area

I.Growth
62

EPS growth: 12.2% · Revenue growth: 9.3%

II.Profitability
82

Net margin: 30.1% · ROE: 13.7%

III.Financial health
76

Net debt/EBITDA: 2.68x · FCF: 37.8%

Source: SEC EDGAR · TTM through 30/06/2026

The score includes +2 for dividend strength: 11 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 71 Financial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 86%
ROEbeats 48%
Growthbeats 55%
Cash generationbeats 88%
Less debtbeats 41%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Intercontinental Exchange, Inc. strengths

  • Excellent free-cash-flow generation (FCF margin of 37.8%): profit turns into real cash.
  • Exceptional net margin (30.1%): the business is clearly profitable.
  • Revenue rising without interruption since 2020.
  • Growing earnings per share (12.2% annualized).

Intercontinental Exchange, Inc. risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Intercontinental Exchange, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20208,2442,0892,67415,954
20219,1684,0582,94413,311
20229,6361,4463,32916,323
20239,9032,3683,35221,714
202411,7612,7544,20319,524
202512,6403,3154,28918,807

Between 2020 and 2025, revenue went from $8,244M to $12,640M (+53%) and net income went from $2,089M to $3,315M (+59%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+12.1%
  • Net income+43.9%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • FCF margin35.7%37.8%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$1.92

per share, yearly

33.3% of earnings

Payout

11 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Intercontinental Exchange, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Intercontinental Exchange, Inc. a good company to invest in?

In terms of business quality, Intercontinental Exchange, Inc. scores 75 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Intercontinental Exchange, Inc. a profitable company?

Very. Intercontinental Exchange, Inc. shows a net margin of 30.1% and an ROE of 13.7%, typical of a highly profitable business.

Does Intercontinental Exchange, Inc. have a lot of debt?

A moderate level: its net debt is 2.68 times its EBITDA.

Is Intercontinental Exchange, Inc. growing?

Its revenue has grown 9.3% annualized in recent years and its earnings per share 12.2%, and without interruption since 2020.

Does Intercontinental Exchange, Inc. generate cash?

Yes. It converts about 37.8% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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