Business Description

Intercontinental Exchange, Inc. (ICE) is a leading global operator of regulated financial exchanges, clearing houses, and data services. Headquartered in Atlanta, Georgia, the company is best known for owning the New York Stock Exchange (NYSE) and operating major commodity and derivatives markets. ICE also provides comprehensive fixed income data, analytics, and end-to-end mortgage technology solutions.

Everything on Intercontinental Exchange, Inc.

Revenue (FY2025) $12.64B
YoY growth +7.5%
Operating margin 39.0%
Direction Expanding
Gross margin 63.0%
Net margin 26.2%

Earnings Transcripts

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Leadership & board

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Sharon Y. Bowen — Independent Director View full profile ↗ Shantella E. Cooper — Independent Director View full profile ↗ Duriya M. Farooqui — Independent Director View full profile ↗ Lord Hague of Richmond — Independent Director View full profile ↗ Lord Hill of Oareford — Non-Independent Director View full profile ↗ Mark F. Mulhern — Independent Director View full profile ↗ Thomas E. Noonan — Independent Director View full profile ↗ Daniel E. Pinto — Independent Director View full profile ↗ Caroline L. Silver — Independent Director View full profile ↗ Jeffrey C. Sprecher — Chair and Chief Executive Officer View full profile ↗ Martha A. Tirinnanzi — Independent Director View full profile ↗ A. Warren Gardiner — Chief Financial Officer View full profile ↗ Benjamin R. Jackson — President, Intercontinental Exchange View full profile ↗ Lynn C. Martin — President, NYSE Group View full profile ↗ Christopher S. Edmonds — President, Fixed Income & Data Services View full profile ↗

Acquisitions

Intercontinental Exchange, acquires Black Knight, Inc. — Acquisition · 2022 View full deal ↗ Intercontinental Exchange, acquires Ellie Mae — Acquisition · 2020 View full deal ↗ Intercontinental Exchange, acquires NYSE Euronext — Acquisition · 2012 View full deal ↗ Intercontinental Exchange, acquires Interactive Data Corporation — Acquisition · 2015 View full deal ↗ Intercontinental Exchange, acquires TMC Bonds LLC — Acquisition · 2018 View full deal ↗ Intercontinental Exchange, acquires Trayport — Acquisition · 2015 View full deal ↗ Intercontinental Exchange, acquires Creditex Group Inc. — Acquisition · 2008 View full deal ↗ Intercontinental Exchange, acquires Virtu BondPoint — Acquisition · 2017 View full deal ↗ Intercontinental Exchange, acquires Climate Exchange plc — Acquisition · 2010 View full deal ↗ Intercontinental Exchange, acquires SuperDerivatives — Acquisition · 2014 View full deal ↗ Intercontinental Exchange, acquires Simplifile, LC — Acquisition · 2019 View full deal ↗ Intercontinental Exchange, acquires Standard & Poor's Securities Evaluations (SPSE) and Credit Market Analysis (CMA) — Acquisition · 2016 View full deal ↗

Share Repurchase Program

Total authorized
$3.0 billion approved by the Board in December 2025, effective January 1, 2026, with no fixed expiration date; this replaced the prior $3.2 billion program approved in December 2021.
Remaining (as of December 31, 2025 (new authorization effective January 1, 2026))
$1.2 billion remained available under the prior $3.2 billion program as of December 31, 2025 (superseded on January 1, 2026 by the new $3.0 billion authorization).
Latest FY repurchased
$1.3 billion (7.7 million shares repurchased during FY2025; no share repurchases were made in 2023 or 2024)

Named Competitors

Nasdaq, Inc.Cboe Global Markets, Inc.

Customer Concentration

No customer accounted for more than 10% of ICE's consolidated revenues, less transaction-based expenses, in any year presented (2025, 2024 or 2023), and no individual accounts receivable balance exceeded 10% of total consolidated accounts receivable as of December 31, 2025 or 2024 (10-K, Note 19).

Recent SEC Filings

2026-07-30 Entered a material agreement (+1 more) View filing ↗
2026-07-30 Reported quarterly results View filing ↗
2026-05-19 Shareholder vote results View filing ↗
2026-04-30 Reported quarterly results View filing ↗
2026-02-05 Reported quarterly results View filing ↗
2025-11-17 Other event View filing ↗
2025-10-30 Reported quarterly results View filing ↗
2025-10-07 Other event View filing ↗
2025-09-18 Leadership change (directors/officers) (+1 more) View filing ↗
2025-08-20 Amended charter/bylaws View filing ↗
2025-07-31 Reported quarterly results View filing ↗
2025-05-21 Shareholder vote results View filing ↗

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