Intercontinental Exchange ICE Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 155.6%+9.7pp | 151.1%+4.9pp | 148.8%+1.9pp | 147.2%-1.1pp | 145.9%-4.9pp | |
| Net margin | 105.4%+16.4pp | 98.2%+7.8pp | 95.4%+4.5pp | 91.5%-3.3pp | 89%-2.0pp | |
| Returns | ||||||
| Return on equity | 47.6%+8.6pp | 44.2%+5.5pp | 42.8%+4.6pp | 40.7%+1.6pp | 39%+1.8pp | |
| Return on invested capital | 31.7%+4.0pp | 30.3%+2.3pp | 29.3%+1.2pp | 28.3%-0.3pp | 27.7%-2.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.4×0.0× | 0.4×0.0× | 0.4×+0.1× | 0.3×+0.1× | 0.3×+0.1× | |
| Liquidity | ||||||
| Current ratio | 4×+0.1× | 4×0.0× | 4×0.0× | 4×0.0× | 4×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 2.8×-0.3× | 2.8×-0.4× | 2.9×-0.5× | 3×-0.5× | 3.1×-0.3× | |
| Net debt / EBITDA | 11.8×-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 / earnings | 115.6×-22.8× | 128.5×-5.7× | 131.7×-2.0× | 139.1×+17.6× | 138.5×+13.2× | |
| Price / sales | 30.1×-0.7× | 31.4×+1.2× | 31.4×+1.1× | 31.7×+3.1× | 30.7×+2.7× | |
| Price / book | 13.2×+0.3× | 13.8×+1.4× | 13.7×+1.6× | 13.7×+2.5× | 13×+2.1× | |
| EV / EBITDA | 70.8×-5.5× | 74.8×-1.1× | 75.6×-1.5× | 77.2×+2.1× | 76.3×+3.1× | |
| Dividend yield | 4.6%0.0pp | 4.4%-0.4pp | 4.4%-0.5pp | 4.4%-0.9pp | 4.7%-0.8pp |
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.
