Intercontinental Exchange ICE Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 41.1%+2.1pp | 39%+0.9pp | 38.1%+0.6pp | 37.4%+0.8pp | 36.6%0.0pp | |
| Net margin | 30.1%+3.8pp | 26.2%+1.0pp | 25.2%+1.3pp | 23.9%+1.1pp | 22.8%-0.6pp | |
| Returns | ||||||
| Return on equity | 13.7%+2.0pp | 11.7%+0.4pp | 11.3%+0.4pp | 10.9%+0.6pp | 10.3%-0.1pp | |
| Return on invested capital | 8.5%+0.5pp | 8%+0.3pp | 7.7%+0.1pp | 7.6%+0.5pp | 7.1%+0.1pp | |
| Efficiency | ||||||
| Asset turnover | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Liquidity | ||||||
| Current ratio | 1×0.0× | 1×0.0× | 1×0.0× | 1×0.0× | 1×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | |
| Net debt / EBITDA | 2.9×-0.1× | 3×+0.1× | 2.9×0.0× | 3×-0.3× | 3.3×-0.1× | |
| Per Share | ||||||
| Book value per share | $51.72+2.8% | $50.29+0.8% | $49.90+0.9% | $49.47+2.0% | $48.48+1.0% | |
| Valuation | ||||||
| Market capitalization | $89.32B-3.3% | $92.35B-4.2% | $96.44B-7.0% | $103.74B+4.7% | $99.11B+15.8% | |
| Price / earnings | 22.7×-5.1× | 27.9×-2.6× | 30.5×-4.0× | 34.5×-1.1× | 35.6×+4.5× | |
| Price / sales | 6.8×-0.5× | 7.3×-0.4× | 7.7×-0.6× | 8.3×+0.1× | 8.1×+0.9× | |
| Price / book | 3×-0.2× | 3.2×-0.2× | 3.4×-0.3× | 3.6×+0.1× | 3.5×+0.4× | |
| EV / EBITDA | 15.8×-1.4× | 17.2×-1.0× | 18.2×-1.4× | 19.6×-0.2× | 19.8×+1.7× | |
| Dividend yield | 1.3%+0.1pp | 1.2%+0.1pp | 1.1%+0.1pp | 1%0.0pp | 1.1%-0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Intercontinental Exchange's ratios come from?
- Every ratio is computed from Intercontinental Exchange's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
