Intercontinental Exchange Cash and cash equivalent margin deposits and guaranty funds decreased by 8.2% to $76.79B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.5%, from $82.15B to $76.79B. Over 3 years (FY 2022 to FY 2025), Cash and cash equivalent margin deposits and guaranty funds shows a downward trend with a -18.5% CAGR.
An increase typically correlates with higher trading volumes or increased market volatility, requiring more collateral to mitigate counterparty risk.
This represents the collateral posted by clearing members to secure their obligations in the derivatives clearing proces...
Highly specific to exchange and clearinghouse operators; peers will report this as a major component of their balance sheet.
current_assets_margin_deposits_and_guaranty_funds_current| Q4 '22 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $141.99B | $79.30B | $78.98B | $74.12B | $80.13B | $78.77B | $82.15B | $83.29B | $86.22B | $83.61B | $76.79B |
| QoQ Change | — | -44.2% | -0.4% | -6.1% | +8.1% | -1.7% | +4.3% | +1.4% | +3.5% | -3.0% | -8.2% |
| YoY Change | — | — | -44.4% | — | — | -0.7% | +4.0% | +12.4% | +7.6% | +6.1% | -6.5% |