Intercontinental Exchange, Inc.
Intercontinental Exchange, Inc. (ICE) is listed on NYSE and classified in Financial Data & Stock Exchanges, part of the Financial Services sector. It is headquartered in Atlanta, United States and has 12,725 employees. The company is worth $91.98B and trades at 22.2x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $12.64B in fiscal 2025, up 7.5% from the year before. Net income was $3.32B. The share price is 6.9% below its 52-week high of $176.05. It pays a dividend yielding 1.27%, and has raised its annual dividend for 11 years in a row in our records. 10 of the 38 superinvestors we track held it at the end of Q3 2026. The largest position belongs to Israel Englander (Millennium Management), at $512.94M. In that quarter, 8 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +23.6% over 5Y.
today you would have $1,246.24▲ +24.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 15 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $161.96 | $149.01 | $128.43 | $102.59 | $136.77 | $115.29 | $92.55 | $75.33 | $70.56 | $56.42 | $51.25 | $43.86 | $44.98 | $24.76 | $24.11 | |
| P/E | 25.6x | 28.1x | 31.2x | 30.7x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 8.9% a year plus a 1.3% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 25.6 across this company’s own years on record.
Cash flow growing 8.9% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 12.4x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| INGING Groep NV | $32.44 | 12.5x | 1.6x | 4.07% | 17.12% | $92.16B |
| USBUS Bancorp \de\ | $60.02 | 11.5x | 1.6x | 3.60% | 12.84% | $93.51B |
| PNCPNC Financial Services Group Inc | $225.53 | 12.0x | 1.4x | 3.55% | 13.10% | $89.97B |
| MRSHMarsh & Mclennan Companies Inc |
| 39.8x |
| 19.0x |
| 30.6x |
| 27.1x |
| 22.0x |
| 16.6x |
| 23.6x |
| 22.5x |
| 25.6x |
| 70.1x |
| 16.5x |
| 17.5x |
| P/S | 7.0x | 7.3x | 7.3x | 7.4x | 5.9x | 8.4x | 7.9x | 7.8x | 6.8x | 7.0x | 5.6x | 6.5x | 5.6x | 14.9x | 6.6x | 6.7x |
| P/B | 2.5x | 3.2x | 3.1x | 2.9x | 2.5x | 3.4x | 3.3x | 3.0x | 2.5x | 2.4x | 2.1x | 2.1x | 2.0x | 2.1x | 2.5x | 2.8x |
| 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 | $0.64 | $1.50 | $1.38 |
| Dividend yield | 1.19% | 1.19% | 1.21% | 1.31% | 1.48% | 0.97% | 1.04% | 1.19% | 1.27% | 1.13% | 1.21% | 1.13% | 1.19% | 0.29% | — | — |
| Payout | 30.41% | 33.28% | 37.66% | 40.10% | 58.91% | 18.38% | 31.83% | 32.16% | 27.99% | 18.82% | 28.45% | 25.44% | 30.41% | 20.25% | — | — |
| Profit margin | 26.23% | 26.23% | 23.42% | 23.91% | 15.01% | 44.26% | 25.34% | 29.52% | 31.68% | 43.23% | 23.95% | 27.21% | 22.54% | 14.68% | 40.50% | 38.43% |
| ROE | 10.71% | 11.46% | 9.96% | 9.21% | 6.37% | 17.87% | 10.71% | 11.20% | 11.56% | 14.90% | 9.10% | 8.60% | 7.94% | 2.06% | 15.15% | 16.13% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-28.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $199.27 |
| 23.8x |
| 6.5x |
| 1.99% |
| 27.24% |
| $95.09B |
| HOODRobinhood Markets, Inc. | $96.58 | 44.9x | 9.2x | 0.00% | 23.62% | $86.83B |
| KKRKKR & Co. Inc. | $93.09 | 29.7x | 2.9x | 0.84% | 7.28% | $85.98B |