ICE

Intercontinental ExchangeNYSE · Financial Exchanges & Data · Financials

Previous close

154.10

Change

−2.80 / −1.78%

FinDog View

Neutral

52-Week Range

121.79 – 176.05

P/E (TTM)

21.5

Forward P/E

18.6

Based on consensus earnings for the next 12 months

Market Cap

$86.5B

−0.14%

S&P 500 −2.41% over same period

Volume / Avg Volume

2.9M / 3.3M

0.88× average

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 22.21M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-07-30	$3.6B	1.90 / 1.86	−2.43%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-04-30	$3.7B	2.35 / 2.28	−2.11%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-05	—	— / —	+0.42%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-30	—	— / —	−1.50%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-31	—	— / —	−0.12%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-05-01	—	— / —	+1.53%	Pending

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 5 of its 5-year rangeCheap

5-year range 21.5 – 39.8 · Median 32.7

Last 4 quarters: $2.0B in buybacks + $1.1B in dividends, 3.63% of market cap combined

P/E (TTM)

21.5

P/B

2.9

P/S

6.5

Dividend Yield

1.47%

Earnings Reaction

Over the last 6 reports, the stock moved ±1.4% on average on the first trading day after, rising 2 times

Most recent −2.43%

Volatility & Correlation

1-year beta 0.27 · Correlation with S&P 500 0.14Low beta

Annualized volatility 25% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 11 · $8.7MNet selling $8.7M

09-14Foley DouglasSVP, HR & AdministrationSell$0.26M1,600 shares · Avg price 160.00
09-01Jackson BenjaminPresidentSell$2.1M12,862 shares · 3 trades · Avg price 160.09
09-01Edmonds Christopher ScottPresident, Fixed Income & DataSell$0.80M5,000 shares · Avg price 160.59
08-26Surdykowski Andrew JGeneral CounselSell$0.74M4,574 shares · 2 trades · Avg price 161.77
08-26Tirinnanzi Martha ADirectorSell$0.22M1,340 shares · Avg price 161.16
08-20Foley DouglasSVP, HR & AdministrationSell$0.26M1,600 shares · Avg price 160.00
08-19Gardiner WarrenChief Financial OfficerSell$0.39M2,491 shares · Avg price 156.30
08-13Tirinnanzi Martha ADirectorSell$0.02M141 shares · Avg price 155.00

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q2	3.61	+10.7%	—	1.39	0.96	1.85	1.69
FY2026 Q1	3.67	+13.5%	—	1.67	1.41	1.26	2.48
FY2025 Q4	3.14	+3.7%	—	1.24	0.85	1.11	1.49
FY2025 Q3	3.01	−0.9%	—	1.17	0.82	0.85	1.42
FY2025 Q2	3.26	+12.6%	—	1.30	0.85	1.45	1.48
FY2025 Q1	3.23	+15.3%	—	1.22	0.80	0.88	1.38
FY2024 Q4	3.03	+13.7%	—	1.08	0.70	1.31	1.21
FY2024 Q3	3.03	+24.9%	—	1.10	0.66	0.82	1.14
FY2024 Q2	2.90	+24.0%	—	1.07	0.63	1.12	1.10
FY2024 Q1	2.80	+13.3%	—	1.06	0.77	0.95	1.33
FY2023 Q4	2.67	+12.2%	—	0.93	0.37	0.88	0.64
FY2023 Q3	2.43	+1.8%	—	0.85	0.54	0.73	0.96

Peers

Largest by market cap in the sector · Latest quarterView Financials sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
ICE	Intercontinental Exchange	$86.5B	21.5	+10.7%	—	−0.14%	Neutral
BRK.B	Berkshire Hathaway	$1.00T	11.6	+14.2%	—	+4.33%	Neutral	Compare
JPM	JPMorgan Chase	$927B	14.4	+27.7%	—	−3.34%	Neutral	Compare
V	Visa Inc.	$693B	30.7	+17.1%	—	+3.37%	Neutral	Compare
MA	Mastercard	$497B	30.8	+14.1%	—	+0.98%	Neutral	Compare
BAC	Bank of America	$405B	12.0	+15.0%	—	−9.38%	Neutral	Compare
MS	Morgan Stanley	$318B	15.8	+27.1%	—	−7.24%	Bearish	Compare
GS	Goldman Sachs	$273B	13.6	+39.5%	—	−10.78%	Neutral	Compare
WFC	Wells Fargo	$258B	12.1	+8.6%	—	−0.56%	Neutral	Compare

The View in One Line

FY2026 Q2 revenue of $3.61 billion, no YoY or gross margin data, stock fell 0.14% over the month, news is about data services and dividend analysis, impact Neutral.

Updated 2026-09-16

Notable Institutional Holders

Citadel Advisors · Ken Griffin$373MAdded +77%
ARK Invest · Cathie Wood$4.6M

As of 2026-06-30

Key Events

08-28Governance
ICE Eighth Amended Bylaws Take Effect
Intercontinental Exchange (ICE) saw its eighth amended bylaws take effect on August 28, 2026, extending shareholder voting and ownership limits to SBSEF and expanding SEC review requirements.Source ↗
08-21Capital Actions
ICE Amends Revolving Credit Agreement, Extends Maturity
On August 20, 2026, ICE amended its $3.9 billion revolving credit agreement, with consenting lenders extending the maturity of $3.67 billion of commitments to August 20, 2031, and established a $1.5 billion MarketAxess acquisition loan tranche.Source ↗
08-20Capital Actions
ICE Issues $3.75 Billion Multi-Tranche Senior Notes
On August 20, 2026, ICE completed a $3.75 billion senior notes offering, with net proceeds of about $3.71 billion to fund its acquisition of MarketAxess.Source ↗
07-30M&A / Contracts
ICE to Acquire MarketAxess for $167 per Share
On July 29, 2026, ICE signed a merger agreement to acquire MarketAxess, with shareholders receiving $167 in cash per share, backed by a $6.25 billion bridge financing commitment.Source ↗
05-19Governance
ICE Annual Shareholder Meeting Elects 11 Directors and Approves Executive Compensation
On May 15, 2026, ICE shareholders elected 11 directors, approved executive compensation, charter amendments, and the reappointment of Ernst & Young as auditor, and rejected the independent chairman proposal.Source ↗

Key Financial Trends

Quarterly Revenue ($B)3.6

Free Cash Flow ($B)1.9