INTERCONTINENTAL EXCHANGE, INC.

ICE · CIK 0001571949

15 fiscal years · 53 SEC filings · every number carries its receipt

Revenue (FY)

$12.64B7.5%

FY2025

Net income (FY)

$3.31B20.4%

FY2025

Free cash flow (FY)

$4.29B2.0%

FY2025

Diluted EPS (FY)

$5.7720.7%

FY2025

The story, charted

The shape of the business

FY2011–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 9.5× since FY2011 · net margin 38.4% → 26.2%

MarginsNet marginFCF margin

FY2025: net 26.2% · free cash flow 33.9% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $4.66B operating cash − $373.0M capex = $4.29B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 15% (FY2012) → 11% (FY2025) · on assets 2.4%

Balance sheetLiabilitiesEquity

FY2025: $136.89B assets · $107.90B liabilities · $28.91B equity

The receipts

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	12,640	11,761	9,903	9,636	9,168	8,244	6,547	6,276	5,843	5,971	3,338	4,352
Net income	3,315	2,754	2,368	1,446	4,058	2,089	1,933	1,988	2,526	1,430	1,274	981
Diluted EPS	5.77	4.78	4.19	2.58	7.18	3.77	3.42	3.43	4.25	2.39	2.28	1.71
Diluted shares	575	576	565	561	565	555	565	579	594	599	559	573
Operating cash flow	4,662	4,609	3,542	3,554	3,123	2,881	2,659	2,533	2,085	2,149	1,311	1,463
Capital expenditures	373	406	190	225	179	207	153	134	220	250	190	172
Free cash flow	4,289	4,203	3,352	3,329	2,944	2,674	2,506	2,399	1,865	1,899	1,121	1,291
Cash & equivalents	837	844	899	1,799	147,976	83,619	2,188	1,872	1,568	1,350	627	652
Total assets	136,887	139,428	136,084	194,338	193,502	126,200	94,493	92,791	78,264	82,003	77,987	68,254
Total liabilities	107,896	111,708	110,298	171,577	170,754	106,573	77,129	75,489	61,279	66,213	63,112	55,697
Shareholders' equity	28,915	27,647	25,717	22,706	22,709	19,498	17,255	17,201	16,957	15,717	14,808	12,360

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.