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Intercontinental Exchange, Inc.

NYSE: ICE

Stock price

161.78 USD

(+0%) TODAY

Financial - Data & Stock ExchangesInvestable Universe

Financial Performance

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5Y price score: 53

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 215.2%

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    121.7

    52-week range

    179.2

    161.78

    Your model inputs

    Required return / cost of capital
    %
    FCFF terminal growth rate
    %

    Your fair value & Margin of safety

    To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

    Forecast:

    Valuation

    Free Cash Flow Yield

    Help
    FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

    5.3 %

    Dividend Yield TTM

    1.2 %

    Market cap $

    $ 90,823

    Price / Earnings TTM

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    P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

    22.9

    Price / Book TTM

    3.1

    PEG TTM

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    Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

    1.6

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    (8.6) %

    44.9 %

    215.2 %

    Free cash flow per share growth

    22 %

    68.7 %

    306 %

    Earnings per share growth

    14.2 %

    53.1 %

    153.1 %

    Founded: 2,000

    Employees: 12,842

    Business Summary:Intercontinental Exchange, Inc., together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The company operates marketplaces for listing, trading, and clearing an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange, and equities, as well as corporate and exchange-traded funds; trading venues, including 13 regulated exchanges and 6 clearing houses; and offers futures and options products for energy, agricultural and metals, financial, cash equities and equity, over-the-counter, and other markets, as well as listings and data and connectivity services. It also provides fixed income data and analytic, fixed income execution, CDS clearing, and other multi-asset class data and network services. In addition, the company offers proprietary and comprehensive mortgage origination platform, which serves residential mortgage loans; closing solutions that provides customers connectivity to the mortgage supply chain and facilitates the secure exchange of information; data and analytics services; and Data as a Service for lenders to access data and origination information. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q2 (Jul 30, 2026)

    1) Strategic Acquisition of MarketAxess
    - ICE announced its agreement to acquire MarketAxess for $167 per share, totaling an enterprise value of $5.7 billion, representing a 33% premium. - The acquisition aims to enhance ICE's fixed income capabilities by merging retail and institutional liquidity pools, creating a comprehensive fixed income network. - The deal is expected to be immediately accretive to ICE's adjusted earnings per share in the first year, with anticipated annualized expense synergies of approximately $100 million.

    2) Record Financial Performance
    - ICE reported Q2 2026 adjusted earnings per share of $1.90, a record for the quarter, with net revenues of $2.7 billion, up 5% YoY. - Recurring revenues reached a record $1.4 billion, up 8%, indicating strong operational resilience despite a moderation in market volatility. - The Exchange segment generated $1.5 billion in net revenue, with a 24% growth in the rates business, while Fixed Income and Data Services saw revenues of $645 million, up 8%.

    3) Operational Efficiency and Investment
    - Adjusted operating expenses for Q2 were $1.038 billion, with an increase in performance-related compensation and technology investments. - ICE plans to increase capital expenditures to approximately $850 million for 2026, reflecting confidence in future growth. - The company returned $945 million to shareholders in Q2, including $651 million in stock repurchases.

    4) Market Trends and Growth Opportunities
    - The fixed income market is evolving, with ICE aiming to leverage its data and analytics capabilities to enhance price discovery and efficiency. - The company is also focusing on expanding its presence in private credit through partnerships, notably with Apollo. - ICE's mortgage technology segment is integrating AI-driven solutions to improve operational efficiency and client service.

    5) Guidance and Future Outlook
    - ICE anticipates continued growth in recurring revenues, particularly in Fixed Income and Data Services, with guidance raised to 7%-8% for the full year. - The integration of MarketAxess is expected to enhance ICE's competitive position in the fixed income market, although specific revenue synergies remain challenging to quantify. - The call lacked detailed projections for MarketAxess's integration timeline and specific operational changes post-acquisition.

    Bottom line: ICE's strategic acquisition of MarketAxess positions the company to deepen its fixed income capabilities and enhance shareholder value through operational efficiencies and expanded market reach, while maintaining a strong financial performance and commitment to returning capital to shareholders.

    Annual Reports, Presentations And IR Contacts

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    Annual report links (10K)
    2025202420232022202120202019201820172016

    Intercontinental Exchange, Inc. — Financial Overview, Stock Price, Market Cap

    Intercontinental Exchange, Inc. is a company. Founded in 2000. As of August 26, 2026, the company's market capitalization is $90822483100 with a current stock price of $161.78.