ICEIntercontinental Exchange, Inc.
Security & Commodity Brokers, Dealers, Exchanges & Services
- Revenue
- $12.6B
- 7.5% YoY
- Operating margin
- 39.0%
- 6.4% YoY
- EBITDA
- $6.5B
- 11% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.4×
- $22.4B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear141% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear51% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear17% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $9.2B | $9.6B | $9.9B | $11.8B | $12.6B | 7.5% |
| Operating income | $3.4B | $3.6B | $3.7B | $4.3B | $4.9B | 14% |
| Net income | $4.1B | $1.4B | $2.4B | $2.8B | $3.3B | 20% |
| Operating cash flow | $3.1B | $3.6B | $3.5B | $4.6B | $4.7B | 1.1% |
| Capex | $179M | $225M | $190M | $406M | $373M | 8.1% |
| Stock-based comp | $188M | $155M | $257M | $231M | $238M | 3.0% |
| Buybacks | $250M | $632M | $0 | $0 | $1.3B | |
| Dividends | $747M | $853M | $955M | $1.0B | $1.1B | 6.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 5
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.