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Intercontinental Exchange ICE Data and connectivity services — Revenues, less transaction-based expenses:

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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+43.2%

Valuation

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Market cap$80.99B-23.1%
Enterprise value$101.11B-18.4%
P/E20.6×-14.5×
P/S6.2×-2.2×

Profitability

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Operating margin41.1%+4.4pp
Net margin30.1%+7.2pp
FCF margin35.7%+1.8pp

Returns & leverage

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

Where this comes from

Reported directly by Intercontinental Exchange in its filing.

Tagged under the XBRL concept ice:RevenuesLessTransactionBasedExpenses.

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 data and connectivity services — revenues, less transaction-based expenses:?
Intercontinental Exchange (ICE) reported data and connectivity services — revenues, less transaction-based expenses: of $277M in Q1 2026.
How has Intercontinental Exchange's data and connectivity services — revenues, less transaction-based expenses: changed year-over-year?
Intercontinental Exchange's data and connectivity services — revenues, less transaction-based expenses: increased by 12.6% year-over-year, from $246M to $277M.
What is the long-term trend for Intercontinental Exchange's data and connectivity services — revenues, less transaction-based expenses:?
Over 4 years (2021 to 2025), Intercontinental Exchange's data and connectivity services — revenues, less transaction-based expenses: has grown at a 4.8% compound annual growth rate (CAGR), from $2.48B to $2.99B.
What does data and connectivity services — revenues, less transaction-based expenses: mean?
This metric measures the net revenue generated by the data and connectivity segment after subtracting direct costs associated with transaction-based activities. By isolating the net contribution of data and connectivity services, it provides a clearer view of the underlying profitability and recurring nature of these information-based products. It effectively strips away the volatility associated with trading volumes to highlight the core value of the firm's data distribution business.