Intercontinental Exchange PP&E (Net) increased by 11.5% to $2.69B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 25.0%, from $2.15B to $2.69B. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 9.5% CAGR.
An increase indicates ongoing capital investment in infrastructure, while a decrease suggests depreciation is outpacing new capital expenditures.
This represents the net book value of long-term physical assets, including office buildings, data centers, and technolog...
Standard for capital-intensive businesses; peers in the exchange space require significant investment in technology and data center infrastructure.
non_current_assets_property_plant_and_equipment_and_oper_c7e095| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.75B | $1.72B | $1.70B | $1.73B | $1.70B | $1.72B | $1.77B | $1.73B | $1.72B | $1.92B | $1.92B | $1.96B | $1.99B | $2.03B | $2.15B | $2.22B | $2.37B | $2.41B | $2.69B |
| QoQ Change | — | -1.3% | -1.4% | +2.0% | -1.7% | +1.0% | +2.7% | -2.3% | -0.5% | +11.6% | +0.3% | +1.9% | +1.6% | +1.9% | +6.1% | +3.0% | +6.8% | +1.9% | +11.5% |
| YoY Change | — | — | — | — | -2.4% | -0.2% | +4.0% | -0.3% | +0.9% | +11.5% | +8.8% | +13.5% | +15.9% | +5.8% | +12.0% | +13.2% | +18.9% | +18.9% | +25.0% |
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| Foreign Countries | $205.00M | $169.00M | $235.00M | $288.00M | $332.00M |
| Total | $1.70B | $1.77B | $1.92B | $2.15B | $2.69B |