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Intercontinental Exchange ICE Free cash flow margin

Free cash flow margin at other companies

Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
24.1%+0.4pp
CME Group logo
CME GroupCME
64.1%+3.2pp
Cboe Global Markets logo
Cboe Global MarketsCBOE
56.8%
Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
6.6%
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
53.8%+5.4pp
S&P Global logo
S&P GlobalSPGI
35.3%-3.0pp

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$75.71B-9.9%
Enterprise value$95.83B-8.0%
P/E19.3×-10.9×
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 trailing twelve months.

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 free cash flow margin?
Intercontinental Exchange (ICE) reported free cash flow margin of 35.7% in Q1 2026.
How has Intercontinental Exchange's free cash flow margin changed year-over-year?
Intercontinental Exchange's free cash flow margin increased by 5.3% year-over-year, from 33.9% to 35.7%.
What is the long-term trend for Intercontinental Exchange's free cash flow margin?
Over 4 years (2021 to 2025), Intercontinental Exchange's free cash flow margin has grown at a 1.5% compound annual growth rate (CAGR), from 131.2% to 139.2%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.