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%+4.4pp	39%+2.4pp	38.1%+1.6pp	37.4%+1.3pp	36.6%-0.4pp
Net margin	30.1%+7.2pp	26.2%+2.8pp	25.2%+3.9pp	23.9%+2.5pp	22.8%-1.4pp
EBITDA margin	53%+3.7pp	51.3%+1.6pp	50.5%+0.6pp	49.8%+0.3pp	49.3%-0.8pp
Free cash flow margin	35.7%+1.8pp	33.9%-1.8pp	35.9%+2.7pp	35.5%+1.4pp	33.9%-2.0pp
Returns
Return on equity	13.7%+3.4pp	11.7%+1.4pp	11.3%+2.1pp	10.9%+1.7pp	10.3%+0.2pp
Return on assets	2.4%+0.4pp	2.4%+0.4pp	2.3%+0.5pp	2.1%+0.4pp	2%+0.3pp
Return on invested capital	8.5%+1.4pp	8%+1.0pp	7.7%+1.1pp	7.6%+0.5pp	7.1%-0.3pp
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×-0.1×	0.7×-0.1×	0.7×-0.1×
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×-0.4×	3×-0.4×	2.9×-0.7×	3×-1.0×	3.3×-0.9×
Interest coverage	6.7×+1.6×	6.1×+1.4×	5.9×+1.5×	5.6×+1.4×	5.1×+0.8×
Per Share
Book value per share	$51.72+6.7%	$50.29+4.8%	$49.90+5.7%	$49.47+6.6%	$48.48+6.2%
Valuation
Market capitalization	$89.32B-9.9%	$92.35B+7.9%	$96.44B+4.8%	$103.74B+32.3%	$99.11B+27.6%
Enterprise value	$109.44B-8.0%	$111.83B+6.0%	$115.1B+2.0%	$122.4B+22.8%	$118.95B+20.0%
Price / earnings	22.7×-12.9×	27.9×-3.2×	30.5×-7.4×	34.5×+0.6×	35.6×+4.3×
Price / sales	6.8×-1.3×	7.3×0.0×	7.7×-0.4×	8.3×+1.0×	8.1×+0.5×
Price / book	3×-0.5×	3.2×+0.1×	3.4×0.0×	3.6×+0.7×	3.5×+0.6×
EV / EBITDA	15.8×-4.0×	17.2×-0.8×	18.2×-1.7×	19.6×+0.9×	19.8×+0.4×
EV / sales	8.4×-1.4×	8.8×-0.1×	9.2×-0.7×	9.8×+0.5×	9.8×+0.1×
Free cash flow yield	5.2%+1.1pp	4.6%-0.3pp	4.7%+0.6pp	4.3%-0.4pp	4.2%-0.6pp
Earnings yield	4.4%+1.6pp	3.6%+0.4pp	3.3%+0.6pp	2.9%-0.1pp	2.8%-0.4pp
Dividend yield	1.3%+0.2pp	1.2%0.0pp	1.1%0.0pp	1%-0.2pp	1.1%-0.2pp
PEG ratio	0.6×-2.4×	1.4×-0.5×	1×-101×	1.2×+0.2×	2.9×+2.5×

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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.