Stock · ICE · Financial Services

Intercontinental Exchange Inc

United States · Large Cap · listed since 2005 · Revenue 12 mo. $12.5B

Price as of 11/06/2026

StockScorer score
4.5
of 10 5 of 11 points Not rated To the score
Price
$172.27
1 Y +7.2%
Market cap
$94.4B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue +9.5% a year (3 years)EBIT margin 38.7%Payout 53.8% of operating cash flow

Intercontinental Exchange, Inc., together with its subsidiaries, provides technology and data to financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Canada, Asia Pacific, and the Middle East.

moreless

Intercontinental Exchange, Inc., together with its subsidiaries, provides technology and data to financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Canada, Asia Pacific, and the Middle East. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment operates regulated marketplace technology for the listing, trading, and clearing of an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange and equities, and corporate and exchange-traded funds, as well as data and connectivity services related to its exchanges and clearing houses. The Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics, and execution services, as well as global CDS clearing and multi-asset class data delivery technology. The Mortgage Technology segment offers a technology platform that provides customers comprehensive and digital workflow tools to address inefficiencies and mitigate risks that exist in the U.S. residential mortgage market life cycle from application through closing, servicing, and the secondary market. The company was founded in 2000 and is headquartered in Atlanta, Georgia.

Original text from the data provider

Summary

Intercontinental Exchange Inc is around the middle of the Financial Services sector overall

55.7 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 9.6% FCF growth a year, less than achieved over the last 5 and 10 years.

If free cash flow stays at €3.8B (2025), it supports €42.8B. The remaining €41.9B of the market value assume it grows 9.6% a year for 10 years and not at all afterwards.

Required FCF growth per year

9.6%

no growth afterwards

Market value breakdown€84.7B market value, price as of 11/06/2026

€42.8B without growth
€41.9B priced-in growth
  • 5 yrs achieved 13.0%
  • 10 yrs achieved 12.7%
  • priced in 9.6%

Valuation against its own history

Price to operating cash flow 17.7×, within its usual range.

Middle half of 20 quarters: 17.0× to 20.8×, median 19.8×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

4 signs support the expectation, none speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 9.6%, achieved at least 12.7%
  • High, stable gross margin median 55.9%, range 9.7 pp (10 years)
  • Low capital needs capex median 4.8% of revenue (10 years)
1 more
  • Steady FCF margin at least 29.1%, range 6.8 pp (10 years)

What speaks against it

with respect to the priced-in expectation

No anomaly in the stored figures.

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 4 of 4 changes for the better.

  • FCF, 12 mo.$4.6B → $4.8B+6.4%better
  • Gross margin69.0% → 79.0%+10.0 ppbetter
  • EBIT margin40.8% → 43.6%+2.7 ppbetter
  • FCF margin34.9% → 38.9%+4.0 ppbetter

4 more unchanged: Revenue, 12 mo., Net debt, Shares outstanding, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability59.7around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity11.43%12.46%Rank 42
Return on capital (Greenblatt)112.47%59.04%Rank 62
EBIT margin38.74%23.06%Rank 81
FCF margin33.94%19.82%Rank 70
Gross margin61.88%65.53%Rank 44
Growth57.7around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year7.46%7.39%Rank 51
Earnings growth, 3 years per year30.93%15.20%Rank 76
Earnings growth, 5 years per year8.98%15.17%Rank 29
Sustainable growth (ROE × retained earnings)2.95%1.25%Rank 75
Valuation23.3below the middleValued higher than the sector: Earnings yield 3.36%, sector 6.47%.
MetricStockSector medianPosition in sector
Earnings yield3.36%6.47%Rank 14
FCF yield4.55%7.16%Rank 33
EV/saleslower is better8.782.82Rank 17
EV/EBITlower is better22.6814.24Rank 29
Momentum73.8above the middleShare price doing better than the sector: Share price, 3 months 19.75%, sector 0.45%.
MetricStockSector medianPosition in sector
Share price, 1 year7.17%7.80%Rank 49
Share price, 6 months11.04%8.71%Rank 60
Share price, 3 months19.75%0.45%Rank 95
Distance from 52-week high−1.62%−10.68%Rank 92
Quality66.2above the middleQuality above the sector: Price reaction to results, market-adjusted 4.59%, sector 0.00%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better2.09%1.23%Rank 40
Change in share countlower is better−0.84%−0.60%Rank 53
Dividend streak in years125Rank 77
Price reaction to results, market-adjusted4.59%0.00%Rank 94
Balance sheet & risk53.7around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio21.12%9.21%Rank 72
Net debt/EBITDAlower is better2.510.12Rank 30
Debt to equitylower is better0.700.90Rank 59
Volatility, 1 yearlower is better25.73%25.95%Rank 53

Ten years in figures

Revenue from $6.0B (2016) to $12.6B (2025), 8.7% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $BSharesNet debt, $B
20166.036.4%1.8599M6.0
20175.840.7%1.7594M5.6
20186.341.2%2.3579M6.7
20196.540.8%2.4565M7.3
20208.236.8%2.5555M16.3
20219.237.6%2.7565M13.6
20229.637.8%3.1561M16.6
20239.937.3%3.4565M22.0
202411.836.6%4.2576M19.9
202512.638.7%4.3571M19.4
4.5 / 10Not ratedStockScorer score5 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

Intercontinental Exchange Inc mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 50%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Intercontinental Exchange Inc's score is built

This is how the StockScorer Score strategy, the flagship rule set, calculates the points for Intercontinental Exchange Inc. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

5 of 11 points

The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksapplies

Detail data

How does Intercontinental Exchange Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Growth Momentum (CAN SLIM principle)
  • Magic Formula: Value + Quality
  • Moat Quality
  • Dividend Aristocrats & Continuity
  • Levermann Strategy (13 Criteria)
  • Altman Z-Score: Stress Test
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Earnings Quality: Accrual Check (Sloan)
  • Balanced GARP
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check

Intercontinental Exchange Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Intercontinental Exchange Inc.

MetricStockSector
P/E ratio29.815.2
P/B ratio3.41.8
Return on equity (ROE)11.4%12.5%
Equity ratio21.1%9.2%
Debt-to-equity (D/E)0.700.90
Dividend yield1.2%3.3%

Similar stocks in Financial Services

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
ICEIntercontinental Exchange Incthis page
MCOMoodys CorporationLow5.5
CMECME Group IncLow5.5
NDAQNasdaq IncLow4.5
SPGIS&P Global Inclocked
MSCIMSCI Inclocked

Frequently asked questions about Intercontinental Exchange Inc stock

How does Intercontinental Exchange Inc stock (ICE) score in the StockScorer model?
Intercontinental Exchange Inc stock reaches a StockScorer score of 4.5 out of 10, but is not rated (exclusion rule: Exclusion: financial and real estate stocks).
What is Intercontinental Exchange Inc's P/E ratio?
Intercontinental Exchange Inc's P/E ratio is 29.8. The Financial Services sector median is 15.2.
What sector is Intercontinental Exchange Inc in?
Intercontinental Exchange Inc is assigned to the Financial Services sector. Its rank within the sector is 55.7 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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