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TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Operating margin155.6%+9.7pp151.1%+4.9pp148.8%+1.9pp147.2%-1.1pp145.9%-4.9pp
Net margin105.4%+16.4pp98.2%+7.8pp95.4%+4.5pp91.5%-3.3pp89%-2.0pp
Returns
Return on equity47.6%+8.6pp44.2%+5.5pp42.8%+4.6pp40.7%+1.6pp39%+1.8pp
Return on invested capital31.7%+4.0pp30.3%+2.3pp29.3%+1.2pp28.3%-0.3pp27.7%-2.2pp
Efficiency
Asset turnover0.4×0.0×0.4×0.0×0.4×+0.1×0.3×+0.1×0.3×+0.1×
Liquidity
Current ratio+0.1×0.0×0.0×0.0×-0.1×
Leverage
Debt-to-equity2.8×-0.3×2.8×-0.4×2.9×-0.5×-0.5×3.1×-0.3×
Net debt / EBITDA11.8×-2.5×12.2×-3.0×12.6×-3.7×13.3×-4.1×14.3×-2.4×
Per Share
Book value per share$201.37+5.9%$198.14+5.8%$195.85+6.0%$193.15+5.8%$190.09+6.4%
Valuation
Market capitalization$381.85B+7.5%$391.64B+17.4%$384.85B+20.0%$380.46B+30.9%$355.16B+28.8%
Price / earnings115.6×-22.8×128.5×-5.7×131.7×-2.0×139.1×+17.6×138.5×+13.2×
Price / sales30.1×-0.7×31.4×+1.2×31.4×+1.1×31.7×+3.1×30.7×+2.7×
Price / book13.2×+0.3×13.8×+1.4×13.7×+1.6×13.7×+2.5×13×+2.1×
EV / EBITDA70.8×-5.5×74.8×-1.1×75.6×-1.5×77.2×+2.1×76.3×+3.1×
Dividend yield4.6%0.0pp4.4%-0.4pp4.4%-0.5pp4.4%-0.9pp4.7%-0.8pp

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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.