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	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022
Revenue	3,666	3,007	3,262	3,229	3,033	2,897	2,801	2,429	2,336	2,472	2,387	2,413
Net income	1,413	816	851	797	657	632	767	541	799	655	(191)	555
Diluted EPS	2.48	1.42	1.48	1.38	1.14	1.10	1.33	0.96	1.42	1.17	(0.34)	0.99
Diluted shares	570	574	575	577	577	575	575	565	561	561	560	560
Operating cash flow	1,326	—	—	966	—	—	1,009	—	—	653	—	—
Capital expenditures	64	—	—	85	—	—	58	—	—	21	—	—
Free cash flow	1,262	—	—	881	—	—	951	—	—	632	—	—
Cash & equivalents	863	850	1,003	783	755	885	863	837	2,877	2,069	1,183	830
Total assets	179,177	140,901	144,175	142,870	135,201	137,682	131,397	137,022	136,283	151,550	211,292	215,207
Total liabilities	149,615	112,192	115,648	114,827	107,928	110,938	105,108	111,510	112,394	128,339	188,872	192,346
Shareholders' equity	29,478	28,644	28,444	27,974	27,233	26,687	26,239	25,459	23,820	23,167	22,379	22,814

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. Quarterly view shows as-reported 10-Q periods; Q4 synthesis ships in Phase 1. See methodology.