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.

	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
EBITDA margin	53%+1.6pp	51.3%+0.8pp	50.5%+0.7pp	49.8%+0.5pp	49.3%-0.4pp
Free cash flow margin	35.7%+1.8pp	33.9%-1.9pp	35.9%+0.3pp	35.5%+1.6pp	33.9%-1.8pp
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 assets	2.4%0.0pp	2.4%+0.1pp	2.3%+0.2pp	2.1%+0.1pp	2%0.0pp
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×
Quick ratio	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Cash ratio	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Leverage
Debt-to-equity	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Net debt / EBITDA	2.9×-0.1×	3×+0.1×	2.9×0.0×	3×-0.3×	3.3×-0.1×
Interest coverage	6.7×+0.6×	6.1×+0.3×	5.9×+0.3×	5.6×+0.5×	5.1×+0.4×
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%
Enterprise value	$109.44B-2.1%	$111.83B-2.8%	$115.1B-6.0%	$122.4B+2.9%	$118.95B+12.8%
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×
EV / sales	8.4×-0.5×	8.8×-0.3×	9.2×-0.6×	9.8×0.0×	9.8×+0.8×
Free cash flow yield	5.2%+0.6pp	4.6%0.0pp	4.7%+0.4pp	4.3%+0.1pp	4.2%-0.7pp
Earnings yield	4.4%+0.8pp	3.6%+0.3pp	3.3%+0.4pp	2.9%+0.1pp	2.8%-0.4pp
Dividend yield	1.3%+0.1pp	1.2%+0.1pp	1.1%+0.1pp	1%0.0pp	1.1%-0.1pp
PEG ratio	0.6×-0.8×	1.4×+0.4×	1×-0.1×	1.2×-1.7×	2.9×+1.0×

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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.