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EV / sales at other companies

Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
6.9×+0.6×
CME Group logo
CME GroupCME
16.1×+0.5×
Cboe Global Markets logo
Cboe Global MarketsCBOE
5.3×+0.1×
Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
6.5×+1.5×
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
10.8×-5.9×
S&P Global logo
S&P GlobalSPGI
8.7×-2.8×

Other financials

Income statement

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Revenue$3.7B+13.5%
Operating income$1.7B+36.4%
Net income$1.4B+77.3%
EPS (diluted)$2.48+79.7%

Balance sheet

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Cash & equivalents$863.0M+10.2%
Total debt$21.0B+1.8%
Total equity$29.5B+5.4%
Total assets$179.18B+25.4%

Cash flow

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Operating cash flow$1.3B+37.3%
CapEx$64.0M-24.7%
Free cash flow$1.3B+43.3%

Valuation

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Market cap$76.11B-9.9%
Enterprise value$96.23B-8.0%
P/E19.4×-11.0×
P/S5.8×-1.1×

Profitability

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Operating margin41.1%+4.4pp
Net margin30.1%+7.2pp

Returns & leverage

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Return on equity13.7%+3.4pp
Debt / equity0.7×0.0×
Current ratio0.0×

Where this comes from

Calculated from Intercontinental Exchange’s reported figures.

Based on the most recent quarter.

The official record: Intercontinental Exchange’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Intercontinental Exchange's EV / sales?
Intercontinental Exchange (ICE) reported EV / sales of 8.4× in Q1 2026.
How has Intercontinental Exchange's EV / sales changed year-over-year?
Intercontinental Exchange's EV / sales decreased by 14.2% year-over-year, from 9.8× to 8.4×.
What is the long-term trend for Intercontinental Exchange's EV / sales?
Over 4 years (2021 to 2025), Intercontinental Exchange's EV / sales has grown at a 0.3% compound annual growth rate (CAGR), from 37.1× to 37.5×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.