Intercontinental Exchange, Inc.
Intercontinental Exchange, Inc. is classified under Technology / Software and appears profitable on the latest normalized snapshot.
Business. Intercontinental Exchange, Inc. is classified under Technology / Software and appears profitable on the latest normalized snapshot.
Analyst recommendations
15 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
4Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Peers
- EarningsQ2 2026 earnings (expected)2026-08-28 · estimated · Salesforce (CRM)
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · ServiceNow (NOW)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
- Congressional trades
- CongressJosh Gottheimer — Intercontinental Exchange Inc.2026-01-26 · Democrat · NJ · Purchase · $1,001 - $15,000
- CongressMarkwayne Mullin — Intercontinental Exchange Inc. Common Stock2025-12-29 · Purchase · $15,001 - $50,000
- CongressJosh Gottheimer — Intercontinental Exchange Inc.2025-10-16 · Democrat · NJ · Sale · $1,001 - $15,000
- CongressRob Bresnahan — Intercontinental Exchange Inc.2025-01-13 · Republican · PA · Sale · $1,001 - $15,000
- CongressJosh Gottheimer — Intercontinental Exchange Inc.2024-03-18 · Democrat · NJ · Purchase · $1,001 - $15,000
- CongressJohn Curtis — Intercontinental Exchange Inc.2023-12-04 · Republican · UT · Sale · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Intercontinental Exchange, Inc. is classified under Technology / Software and appears profitable on the latest normalized snapshot.
Intercontinental Exchange, Inc. (ICE) is currently classified as Application Software within Software (Technology). Classification confidence: 0.81 (rule-based classification). Capital structure on the latest snapshot: total assets 174,247,000,000 USD, total equity 29,551,000,000, short-term debt 1,218,000,000, long-term debt 18,628,000,000. Net cash position is approximately -18,779,000,000 USD. Self-calculated market cap is 86,608,640,000 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 7,277,000,000, gross profit 0, operating income 3,056,000,000, net income 2,371,000,000. Return on equity ~11.2%. Return on assets ~1.9%. Operating-cash-flow to net-income ratio is 1.41. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Current ratio is close to the minimum comfort range.; Net cash is negative after subtracting total debt.; Filings reference going-concern or substantial-doubt language.; Source documents mention dilution or offering risk.. Recent news context: [TRIGGER] 8-K: 8-K (sec_8k_material) on ICE — filing_type=8-K; max_severity=medium; ignored_items=['9.01']; material_items=['2.02']; all_items_found=['2.02', '9.01']; severity_per_code={'2.02': 'medium'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001104659-26-088462). Additional context: 8-K: filing_type=8-K; max_severity=medium; ignored_items=['9.01']; material_items=['2.02']; all_items_found=['2.02', '9.01']; severity_per_code={'2.02': 'medium'}; contributing_watchers=sec_8k_material. Management commentary signal: ses, helping its customers access workflow tools that increase transparency and efficiency.. Comparable peers identified within the same class: Microsoft, Salesforce, ServiceNow, MSFT.O, CRM.O.
- Observed GAAP P/E is about 26.13x.
- Return on equity is about 11.2%.
- Debt to equity is about 0.67x.
- [TRIGGER] 8-K: 8-K (sec_8k_material) on ICE — filing_type=8-K; max_severity=medium; ignored_items=['9.01']; material_items=['2.02']; all_items_found=['2.02', '9.01']; severity_per_code={'2.02': 'medium'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001104659-26-088462)
- Likely peers from the same classification include Microsoft, Salesforce, ServiceNow.
- Management signal detected: ses, helping its customers access workflow tools that increase transparency and efficiency.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue $7.28B; Operating income $3.06B.
- ▍Revenue $7.28B
- ▍Operating income $3.06B
- ▍Net margin 32.6%
Revenue $3.67B; Operating income $1.67B.
- ▍Revenue $3.67B
- ▍Operating income $1.67B
- ▍Net margin 38.5%
Revenue $12.64B; Operating income $4.93B.
- ▍Revenue $12.64B
- ▍Operating income $4.93B
- ▍Net margin 26.2%
Revenue $11.76B; Operating income $4.31B.
- ▍Revenue $11.76B
- ▍Operating income $4.31B
- ▍Net margin 23.4%
Revenue $11.76B; Operating income $4.31B.
- ▍Revenue $11.76B
- ▍Operating income $4.31B
- ▍Net margin 23.4%
Revenue $9.90B; Operating income $3.69B.
- ▍Revenue $9.90B
- ▍Operating income $3.69B
- ▍Net margin 23.9%
Revenue $9.90B; Operating income $3.69B.
- ▍Revenue $9.90B
- ▍Operating income $3.69B
- ▍Net margin 23.9%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 8,03 |
| Revenue | —no estimate | —no estimate | 10,9B USD |
| Operating income | —no estimate | —no estimate | 6,8B USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Current ratio is close to the minimum comfort range.
- Net cash is negative after subtracting total debt.
- Filings reference going-concern or substantial-doubt language.
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- President, NYSE Group · Employee Stock Option (right to buy) Holding → Common StockDisposed 15 882 @ $57,31exercise · 2026-07-16
- General Counsel · Employee Stock Option (right to buy) Holding → Common StockDisposed 2 065 @ $57,31exercise · 2026-05-26
- Chief Technology Officer · Employee Stock Option (right to buy) Holding → Common StockDisposed 4 271 @ $67,00exercise · 2026-05-14
- President · Employee Stock Option (right to buy) Holding → Common StockDisposed 1 079 @ $92,63exercise · 2026-03-10
- President · Employee Stock Option (right to buy) Holding → Common StockDisposed 875 @ $114,19exercise · 2026-03-10
- President · Employee Stock Option (right to buy) Holding → Common StockDisposed 770 @ $129,76exercise · 2026-03-10
- General Counsel · Employee Stock Option (right to buy) Holding → Common StockDisposed 2 065 @ $57,31exercise · 2026-02-26
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Ev To Revenueenterprise_value / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- Intercontinental Exchange, Inc. company facts · 2026-08-01
- Intercontinental Exchange, Inc. 10-Q 2026-07-30 · 2026-08-01
- Intercontinental Exchange, Inc. 10-Q 2026-04-30 · 2026-08-01
- Intercontinental Exchange, Inc. 10-K 2026-02-05 · 2026-08-01
- Intercontinental Exchange, Inc. 10-Q 2025-10-30 · 2026-08-01
- 8-K (sec_8k_material) on ICE · 2026-08-01
- Intercontinental Exchange Inc Market data — analyst estimates · 2026-08-01
- Intercontinental Exchange Inc Market data — ESG · 2026-08-01
- Intercontinental Exchange, Inc. HA canonical relationships · 2026-08-01
- Intercontinental Exchange Inc — company reference export (2026-07-05) · 2026-08-01
Ownership & reference
Top holders
- Institutional Investor · as of 2026-03-310,49 %$988M
- Investment Managers · as of 2026-03-310,31 %$483M
- Investment Managers · as of 2026-03-310,30 %$1 601M
- Investment Managers · as of 2026-03-310,20 %$2M
- Investment Managers · as of 2024-12-310,16 %$557M
- Investment Managers · as of 2026-03-310,15 %$284M
- Institutional Investor · as of 2022-09-300,15 %$0M
- Investment Managers · as of 2026-03-310,14 %$1 090M
- Investment Managers · as of 2026-03-310,14 %$4 019M
- Investment Managers · as of 2026-03-310,14 %$2 279M
- Investment Managers · as of 2024-06-300,13 %$5 955M
- Brokerage Firms · as of 2026-03-310,13 %$433M
- Investment Managers · as of 2026-03-310,13 %$949M
- Investment Managers · as of 2025-12-310,13 %$8 771M
- Investment Managers · as of 2026-03-310,12 %$2 000M
- Investment Managers · as of 2026-03-310,12 %$696M
- Institutional Investor · as of 2026-03-310,12 %$251M
- Investment Managers · as of 2026-03-310,10 %$788M
- Institutional Investor · as of 2026-03-310,09 %$506M
- Brokerage Firms · as of 2026-03-310,09 %$441M
- Investment Managers · as of 2026-03-310,08 %$541M
- Institutional Investor · as of 2026-03-310,08 %$338M
- Investment Managers · as of 2026-03-310,07 %$355M
- Investment Managers · as of 2026-03-310,07 %$291M
- Investment Managers · as of 2026-03-310,07 %$148M
- Funds · as of 2026-03-310,07 %$429M
- Institutional Investor · as of 2026-03-310,05 %$1 036M
- Investment Managers · as of 2026-03-310,05 %$100M
- Investment Managers · as of 2026-03-310,04 %$60M
- Investment Managers · as of 2026-03-310,04 %$123M
- Investment Managers · as of 2026-03-310,02 %$30M
- Investment Managers · as of 2026-03-310,02 %$61M
- Investment Managers · as of 2026-03-310,01 %$28M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Jeffrey C. SprecherChairman of the Board, Chief Executive Officer
Insider activity
- President, NYSE Group · Common StockSold 200 @ $142,30$28K · 2026-07-16
- President, NYSE Group · Common StockSold 9 482 @ $141,65$1,3M · 2026-07-16
- President, NYSE Group · Common StockSold 3 200 @ $140,90$451K · 2026-07-16
- President, NYSE Group · Common StockSold 3 000 @ $139,75$419K · 2026-07-16
- President, NYSE Group · Common StockOther 15 882 @ $57,31$910K · 2026-07-16
- Director · Common StockSold 1 333 @ $139,46$186K · 2026-06-12
- Director · Common StockSold 91 @ $138,50$13K · 2026-06-09
- General Counsel · Common StockOther 2 065 @ $57,31$118K · 2026-05-26
- General Counsel · Common StockSold 1 965 @ $150,97$297K · 2026-05-26
- General Counsel · Common StockSold 2 608 @ $152,00$396K · 2026-05-26
- Director · Common StockSold 667 @ $151,28$101K · 2026-05-22
- Chief Financial Officer · Common StockSold 2 490 @ $156,64$390K · 2026-05-19
- Director · Common StockOther 1 538 · 2026-05-18
- Director · Common StockOther 1 698 · 2026-05-18
- Director · Common StockOther 1 698 · 2026-05-18
- Director · Common StockOther 27 · 2026-05-18
- Director · Common StockOther 1 538 · 2026-05-18
- Director · Common StockOther 1 538 · 2026-05-18
- Director · Common StockOther 1 538 · 2026-05-18
- Director · Common StockOther 1 538 · 2026-05-18
- Director · Common StockOther 1 538 · 2026-05-18
- Director · Common StockOther 50 · 2026-05-18
- Director · Common StockOther 1 538 · 2026-05-18
- Director · Common StockOther 1 698 · 2026-05-18
- Director · Common StockOther 64 · 2026-05-18
Short positioning
Geographic breakdown
Intel & risk
no material change vs prior analysis (walked 17 fields; 4 schema-expansion field(s) excluded)
- Narrative— → —medium
- Conclusion— → —medium
- Key takeaways— → —medium
- Company share pct— → —medium
Evidence & claims
From filings & derived data- Debt-to-equity (FY 2025-12-31): 3.73xDerived (calculated)
- Current ratio (FY 2025-12-31): 1.02xDerived (calculated)
- Return on assets (FY 2025-12-31): 2.4%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 20.7%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 20.6%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 7.3%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 20.4%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 1.1%Derived (calculated)
- Net margin (FY 2025-12-31): 26.2%Derived (calculated)
- Return on equity (FY 2025-12-31): 11.5%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -0.8%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 4.6%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -3.4%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -1.8%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 14.4%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -8.1%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 7.5%Derived (calculated)
- Current assets (annual): USD 85.78BSEC XBRL filing
- Current liabilities (annual): USD 84.12BSEC XBRL filing
- Total assets (annual): USD 136.89BSEC XBRL filing
- Shares outstanding (annual): 567MSEC XBRL filing
- Net income (annual): USD 3.31BSEC XBRL filing
- Total operating expenses (annual): USD 5BSEC XBRL filing
- Shareholders' equity (annual): USD 28.91BSEC XBRL filing