Income StatementBalance SheetCash FlowSegments
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Intercontinental Exchange Cash Flow Statement

Operating, investing, and financing cash movements

Intercontinental Exchange generated $5.0B in operating cash flow over the trailing twelve months. After $352.0M in capital expenditures, free cash flow was $4.7B. Free cash flow increased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$5.0BNet Cash From Investing (TTM)-$3.3BNet Cash From Financing (TTM)$32.3BCapital Expenditures (TTM)$352.0MDepreciation And Amortization Cf (TTM)$1.6BNet Change In Cash (TTM)$33.8B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$86.5B
P/E Ratio22.01
ROE13.68%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$7.0M-$14.0M-$13.0M-$14.0M-$9.0M-$12.0M
Share of Profits (Losses) of Related Party$0.0$29.0M$6.0M$40.0M$4.0M$26.0M
Change in accounts payable$145.0M-$106.0M-$104.0M-$34.0M—$203.0M
Change in accounts receivable—$387.0M——$10.0M$833.0M
Change in deferred revenue—$370.0M——-$156.0M$435.0M
Change in other assets$22.0M$38.0M-$62.0M$0.0-$26.0M$110.0M
Other working capital changes-$7.0M-$14.0M-$13.0M-$14.0M-$9.0M-$12.0M
Deferred income taxes—-$60.0M-$49.0M$197.0M$0.0$140.0M
Depreciation and amortization$389.0M$389.0M$395.0M$387.0M$389.0M$384.0M
Equity in income of investees$0.0$29.0M$6.0M$40.0M$4.0M$26.0M
Gain (loss) on sale of assets-$250.0K$0.0$2.0M$33.0M$20.0M$389.0M
Other operating reconciliation adjustments$797.0M$154.0M$641.0M$84.0M$413.0M-$106.0M
Other Non-Cash Income (Expense)-$7.0M-$14.0M-$13.0M-$14.0M-$9.0M-$12.0M
Other Non-cash Income (Expense)-$7.0M-$14.0M-$13.0M-$14.0M-$9.0M-$12.0M
Income (Loss) from Equity Method Investments$0.0$29.0M$6.0M$40.0M$4.0M$26.0M
Other Non-cash Income (Expense)-$7.0M-$14.0M-$13.0M-$14.0M-$9.0M-$12.0M
Income (Loss) from Equity Method Investments$0.0$29.0M$6.0M$40.0M$4.0M$26.0M
Income (Loss) from Equity Method Investments$0.0$29.0M$6.0M$40.0M$4.0M$26.0M
Net cash from operating activities$1.5B$966.0M$1.5B$915.0M$1.3B$1.3B
Net income$709.0M$812.0M$865.0M$831.0M$862.0M$1.4B
Other non-cash income (expense)-$7.0M-$14.0M-$13.0M-$14.0M-$9.0M-$12.0M
Gain (Loss) on Sale of Investments-$250.0K$0.0$2.0M$33.0M$20.0M$389.0M
Equity in earnings (losses) of equity method investees$0.0$29.0M$6.0M$40.0M$4.0M$26.0M
Increase (Decrease) in Prepaid Expense and Other Assets$22.0M$38.0M-$62.0M$0.0-$26.0M$110.0M
Increase (Decrease) In Section 31 Fees Payable-$233.0M-$56.0M$149.0M-$409.0M$632.0M$0.0
Other Noncash Income (Expense)-$7.0M-$14.0M-$13.0M-$14.0M-$9.0M-$12.0M
Other Non-cash Income and Expense-$7.0M-$14.0M-$13.0M-$14.0M-$9.0M-$12.0M
Other Non-Cash Adjustments-$7.0M-$14.0M-$13.0M-$14.0M-$9.0M-$12.0M
Other Non-Cash Income and Expense-$7.0M-$14.0M-$13.0M-$14.0M-$9.0M-$12.0M
Income (Loss) from Equity Method Investments$0.0$29.0M$6.0M$40.0M$4.0M$26.0M
Stock-based compensation$60.0M$57.0M$58.0M$54.0M$69.0M$78.0M
Adjustments to Reconcile Net Income to Operating Cash Flow$797.0M$154.0M$641.0M$84.0M$413.0M-$106.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$30.0M$11.0M$2.0M$6.0M$0.0$0.0
Capital expenditures$194.0M$85.0M$60.0M$62.0M$166.0M$64.0M
Payments for (Proceeds from) Equity Method Investments, Investing Activities—$0.0$14.0M$1.0M—$802.0M
Payment for (Proceeds from) Other Investing Activity—$7.0M———-$34.0M
Payments to Develop Software$82.0M$104.0M$107.0M$107.0M$100.0M$112.0M
Proceeds from invested margin deposits$9.0M$481.0M$1.8B$1.3B$1.1B$1.4B
Proceeds from restricted investments—$100.0M———$572.0M
Purchases Of Investments From Margin Deposits$533.0M$2.3B$998.0M$975.0M$2.6B$1.7B
Net cash from investing activities-$920.0M-$2.2B—-$82.0M-$3.1B-$1.4B
Other investing activities—$7.0M———-$34.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating lease payments$22.5M$18.0M$18.0M$18.0M$18.0M—
ROU assets obtained - operating leases$22.0M$83.5M$83.5M$83.5M$83.5M—
Income taxes paid$181.0M$166.0M$524.0M$179.0M$199.0M$66.0M
Interest paid$211.0M$194.0M$199.0M$190.0M$181.0M$209.0M
ROU Asset Obtained for Lease Liability$22.0M$83.5M$83.5M$83.5M$83.5M—
Cash Paid for Lease Liabilities$22.5M$18.0M$18.0M$18.0M$18.0M—
Operating lease payments$22.5M$18.0M$18.0M$18.0M$18.0M—
Operating Lease Payments$22.5M$18.0M$18.0M$18.0M$18.0M—

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net change in commercial paper-$841.0M-$96.0M$168.0M-$184.0M$618.0M$716.0M
Dividends paid$259.0M$278.0M$277.0M$276.0M$274.0M$297.0M
Increase (Decrease) Margin Deposits And Guaranty Funds-$3.9B-$3.0B-$2.2B$2.9B$5.4B-$41.1B
Other, net$1.0M-$6.0M$7.0M-$27.0M$60.0M$24.0M
Proceeds from (repayments of) short-term borrowings, net-$841.0M-$96.0M$168.0M-$184.0M$618.0M$716.0M
Payment of Deferred Purchase Consideration$1.0M-$6.0M$7.0M-$27.0M$60.0M$24.0M
Noncontrolling interest transactions and other$1.0M-$6.0M$7.0M-$27.0M$60.0M$24.0M
Net cash from financing activities$2.8B$2.3B$572.0M-$3.8B-$5.4B$40.9B
Other financing activities$1.0M-$6.0M$7.0M-$27.0M$60.0M$24.0M
Noncontrolling Interests Activity and Other$1.0M-$6.0M$7.0M-$27.0M$60.0M$24.0M
Repurchases of common stock$0.0$241.0M$255.0M$398.0M$400.0M$551.0M
Taxes paid for net share settlement$4.0M$95.0M$3.0M$5.0M$0.0$95.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.3B$881.0M$1.4B$853.0M$1.1B$1.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$21.0M$10.0M$25.0M—$2.0M-$8.0M
Net increase (decrease) in cash$3.4B$1.1B$3.2B-$3.0B-$7.2B$40.8B
Fair Value Option Changes In Fair Value Gain Loss1$0.0$0.0$0.0$0.0$0.0—
Payments To Acquire Restricted Investments$98.0M$183.0M$131.0M$379.0M$762.0M$748.0M
Leased assets obtained in exchange for operating lease liabilities$22.0M$83.5M$83.5M$83.5M$83.5M—