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Intercontinental Exchange, Inc. (ICE) operating KPIs

ICENYSESecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 19/303% below fair value
$168.85+5.81 (+3.56%)

Close on Oct 30, 2026Market cap $94.79BP/E 23.0Yield 1.14%

KPIs

Operating metrics that drive Intercontinental Exchange's business · fiscal year ends December 31

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Q2 2026
2026-06-30
Q1 2026
2026-03-31
Q4 2025
2025-12-31
Q3 2025
2025-09-30
Q2 2025
2025-06-30
Q1 2025
2025-03-31
Q4 2024
2024-12-31
Q3 2024
2024-09-30
Q2 2024
2024-06-30
Q1 2024
2024-03-31
Q4 2023
2023-12-31
Q3 2023
2023-09-30
Total Futures & Options Volume (Contracts Traded, Millions)(M)3
624895584518627615544517506499438397
Energy Futures & Options Volume (Millions of Contracts)(M)
271437311271342331282276275266243221
Agricultural & Metals Futures & Options Volume (Millions of Contracts)(M)
323724-10-11292611332817
Financials Futures & Options Volume (Interest Rates & Equity Indices, Millions)(M)
4442124920282552362821200167-5
Total Futures & Options Average Daily Volume (ADV, k contracts/day)3
9,99914,4658,00110,0589,9687,9877,9748,0986,245
Energy Futures & Options ADV (k contracts/day)
4,3807,1634,2395,5195,4314,3104,3544,3683,510
Agricultural & Metals Futures & Options ADV (k contracts/day)
32608-9-104700154317
Financials Futures & Options ADV (k contracts/day)
436,69420294,06727213,187-4
Total Futures & Options Open Interest (k contracts, Period-End)3
118,080120,163102,652102,11598,61298,44587,46388,75390,35388,65378,79176,207
Energy Futures & Options Open Interest (k contracts)
67,60368,80062,77663,69563,98564,23658,97358,72561,67457,75151,55648,720
Agricultural & Metals Open Interest (k contracts)
4,2744,1963,4703,3802,9963,4373,5033,9083,7854,6964,8554,607
Financials Open Interest (k contracts)
46,20347,16736,40635,04031,63130,77224,98726,12024,89426,20622,38022,880
Energy Futures & Options Rate Per Contract (RPC, $)($)3
1.9068,8001.781.7464,2361.711.711.711.74
Agricultural & Metals Rate Per Contract (RPC, $)($)
2.254,1962.122.263,4372.252.312.172.31
Financials Rate Per Contract (RPC, $)($)
0.6147,1670.620.6130,7720.650.650.670.74
Total Futures & Options Blended Rate Per Contract (RPC, $)($)
120,16398,44588,653
NYSE Cash Equities Handled ADV (Millions of Shares/Day)(M)6
4,0984,0843,3953,6542,9352,2912,4892,4382,071
NYSE Cash Equities Matched Market Share (%)(%)
19.9%20.1%18.9%19.5%18.3%19.6%20.8%20.4%19.5%
NYSE Cash Equities Net RPC ($ per 100 Shares)($)
0.040.030.030.040.050.050.050.050.05
NYSE Equity Options ADV (k contracts/day)
14,11312,42110,6829,82910,0809,7579,4059,3257,397
Total U.S. Industry Equity Options ADV (k contracts/day)
66,51562,64755,84052,45253,60444,45142,05943,31139,622
NYSE Equity Options Market Share (%)(%)
21.2%19.8%19.1%18.7%18.8%22.0%22.4%21.5%18.7%
NYSE Equity Options Net RPC ($ per contract)($)
0.040.050.050.060.060.050.050.050.06
NYSE Group Total Consolidated Short Interest (Millions of Shares)(M)5
23,038,647,12319,370,618,38818,815,060,93318,716,659,23917,894,968,57116,173,271,36716,275,211,74616,224,730,57516,103,333,60115,278,069,81315,935,615,244
New York Stock Exchange (NYSE) Short Interest (Millions of Shares)(M)2
19,688,798,73016,337,125,24415,710,997,94715,821,341,81115,055,130,56813,660,491,68713,687,376,54413,835,633,61713,595,250,62712,985,517,01713,379,284,333
NYSE Total Listed Issues Covered
2,9052,8672,8682,8632,8622,8702,9142,9332,9642,9903,091
NYSE Issues with Short Position >= 5,000 Shares
2,6702,5302,5782,6222,6082,6512,6382,6012,6092,5682,637
NYSE Arca Short Interest (Millions of Shares)(M)2
2,286,821,4882,206,681,8632,253,321,9552,126,994,8082,139,929,9391,864,656,5081,890,763,6741,707,414,7041,789,301,0381,671,295,2121,935,452,722
NYSE Arca Total Listed Issues Covered
2,6412,5122,4342,3482,2832,2162,1582,1122,0642,0291,973
NYSE Arca Issues with Short Position >= 5,000 Shares
1,8741,7371,6571,5621,4781,4811,4171,3141,3031,2661,338
NYSE American Short Interest (Millions of Shares)(M)2
1,063,026,905826,811,281850,741,031768,322,620699,908,064648,123,172697,071,528681,682,254718,781,936621,257,584620,878,189
NYSE American Total Listed Issues Covered
307302297307310312328336335343353
NYSE American Issues with Short Position >= 5,000 Shares
260247249252254259261258243253258
NYSE Group Combined Listed Issues Covered
5,8535,6815,5995,5185,4555,3985,4005,3815,3635,3625,417
NYSE Group Combined Issues with Short Position >= 5,000 Shares
4,8044,5144,4844,4364,3404,3914,3164,1734,1554,0874,233
ICE Monthly Statistics — Total Futures & Options ADV YoY Growth (%)(%)24
45.0%26.0%23.0%28.0%32.0%16.0%8.0%
Total Clearing House Cash & Invested Margin, Guaranty Fund & Delivery Deposits ($M)($M)9
116,912121,62681,22686,24389,16887,39684,31279,89382,12976,17980,79481,196
Cash & Invested Original Margin Deposits — All CCPs ($M)($M)5
71,68471,68476,34376,34376,34376,34373,22173,22173,22173,221136,666136,666
ICE Clear Europe — Cash Original Margin ($M)($M)
40,62740,62745,42745,42745,42745,42740,17040,17040,17040,170101,243101,243
ICE Clear Credit — Cash Original Margin ($M)($M)
23,96523,96523,84323,84323,84323,84328,35328,35328,35328,35331,27731,277
ICE Clear U.S. — Cash Original Margin ($M)($M)
7,0887,0887,0697,0697,0697,0694,6934,6934,6934,6934,1414,141
ICE NGX — Cash Original Margin ($M)($M)
000000000000
Other Clearing Houses (ICE Clear Netherlands & Singapore) — Cash Original Margin ($M)($M)
444444555555
Cash & Invested Guaranty Fund Deposits — All CCPs ($M)($M)5
9,7259,0587,8848,1417,4427,3306,3306,5856,3886,2825,9897,064
ICE Clear Europe — Cash Guaranty Fund ($M)($M)
4,1383,0453,0752,4502,4892,3202,3532,4412,4742,4932,3583,785
ICE Clear Credit — Cash Guaranty Fund ($M)($M)
4,7995,1993,9864,9004,1864,2083,3123,5133,2883,1933,0172,661
ICE Clear U.S. — Cash Guaranty Fund ($M)($M)
784811817786762797660626621591609613
ICE NGX — Cash Guaranty Fund ($M)($M)
000000000000
Other Clearing Houses (ICE Clear Netherlands & Singapore) — Cash Guaranty Fund ($M)($M)
436555555555
Unsettled Variation Margin Deposits — All CCPs ($M)($M)5
3417407408548761,0359347881,5061,108984785
ICE Clear Europe — Unsettled Variation Margin ($M)($M)
000000000000
ICE Clear Credit — Unsettled Variation Margin ($M)($M)
000000000000
ICE Clear U.S. — Unsettled Variation Margin ($M)($M)
000000000000
ICE NGX — Unsettled Variation Margin ($M)($M)
3417407408548761,0359347881,5061,108984785
Other Clearing Houses (ICE Clear Netherlands & Singapore) — Unsettled Variation Margin ($M)($M)
000000000000
Physical Delivery Contract Collateral — All CCPs ($M)($M)5
416542918431438690705331396412600534
ICE Clear Europe — Delivery Contract Collateral ($M)($M)
000000000000
ICE Clear Credit — Delivery Contract Collateral ($M)($M)
000000000000
ICE Clear U.S. — Delivery Contract Collateral ($M)($M)
000000000000
ICE NGX — Delivery Contract Collateral ($M)($M)
416542918431438690705331396412600534
Other Clearing Houses (ICE Clear Netherlands & Singapore) — Delivery Contract Collateral ($M)($M)
000000000000
ICE Clear Europe — Total Cash Margin, Guaranty Fund & Delivery Deposits ($M)($M)
73,43478,10443,70247,23652,32750,64047,78045,07346,25141,12142,52845,226
ICE Clear Credit — Total Cash Margin, Guaranty Fund & Delivery Deposits ($M)($M)
32,39334,48727,95128,97927,34627,46627,15525,53327,76527,31831,37029,978
ICE Clear U.S. — Total Cash Margin, Guaranty Fund & Delivery Deposits ($M)($M)
10,3198,0907,9058,7338,1727,5567,7298,1596,2016,2115,3024,663
ICE NGX — Total Cash Margin, Guaranty Fund & Delivery Deposits ($M)($M)
7579371,6581,2851,3141,7251,6391,1191,9021,5201,5841,319
Other Clearing Houses (ICE Clear Netherlands & Singapore) — Total Cash Margin, Guaranty Fund & Delivery Deposits ($M)($M)
98101099991091010
Cash Margin & Guaranty Fund Investment Portfolio — Total Cash & Equivalents ($M)($M)11
114,599117,61076,78983,60786,22183,28682,14978,77480,12974,12378,98079,297
ICE Clear Europe — National / Central Bank Account Deposits (BoE / ECB, $M)($M)
5,6094,4775,3684,9206,1905,7574,817
ICE Clear Europe — Reverse Repurchase Agreements ($M)($M)
58,52560,38133,02038,57543,51140,27837,27636,17736,48032,67632,69537,107
ICE Clear Europe — Sovereign Debt Securities ($M)($M)
7,6449,4752,3592,0998402,1624,5152,7533,8882,0803,7451,963
ICE Clear Europe — Total Invested Deposits in Sovereign Debt & Reverse Repo ($M)($M)
1,5563,0792,7791,3511,6332,385524098536230580
ICE Clear Europe — Commercial Bank Demand Deposits ($M)($M)
100692176291153586486464594022
ICE Clear Credit — Federal Reserve Central Bank Account Deposits ($M)($M)
22,99224,10219,42220,31018,70220,42320,36918,08320,15718,88722,75421,690
ICE Clear Credit — Reverse Repurchase Agreements ($M)($M)
5,8826,5274,9654,8075,2453,8944,0894,5934,6875,1015,3815,075
ICE Clear Credit — Commercial Bank Demand Deposits ($M)($M)
3,5193,8583,5643,8623,3993,1492,6972,8572,9213,3303,2353,213
ICE Clear U.S. — Reverse Repurchase Agreements ($M)($M)
9,8227,5947,3428,2367,6757,1097,3827,8115,8545,8644,9554,515
ICE Clear U.S. — U.S. Treasury Sovereign Debt Securities ($M)($M)
497496563497497447347347
ICE NGX — Unsettled Variation Margin & Delivery Cash ($M)($M)
7579371,6581,2851,3141,7251,6391,1191,9021,584
Off-Balance-Sheet Non-Cash Original Margin Collateral Pledged — All CCPs ($M)($M)9
114,810108,61885,94494,224100,97191,63586,35996,48794,72395,87292,88194,915
ICE Clear Europe — Total Non-Cash Original Margin Pledged ($M)($M)
48,15744,67528,19636,58242,09437,22134,46942,84844,93644,95446,60246,404
ICE Clear Credit — Total Non-Cash Original Margin Pledged ($M)($M)
41,53542,85438,50438,49038,61935,58931,59033,44030,14330,20926,99230,955
ICE Clear U.S. — Total Non-Cash Original Margin Pledged ($M)($M)
21,53516,97514,33715,15615,33914,60315,18615,61313,58915,11513,06212,224
ICE NGX — Total Non-Cash Original Margin Pledged ($M)($M)
3,5834,1144,9073,9964,9194,2225,1144,5866,0555,5946,2255,332
Government Securities Pledged for Original Margin — All CCPs ($M)($M)4
110,245103,53079,63889,02495,16686,59480,66090,79287,55189,54885,75289,054
ICE Clear Europe — Government Securities for Original Margin ($M)($M)
47,17543,70126,79735,37841,20836,40233,88441,73943,81944,22445,69845,875
ICE Clear Credit — Government Securities for Original Margin ($M)($M)
41,53542,85438,50438,49038,61935,58931,59033,44030,14330,20926,99230,955
ICE Clear U.S. — Government Securities for Original Margin ($M)($M)
21,53516,97514,33715,15615,33914,60315,18615,61313,58915,11513,06212,224
ICE NGX — Government Securities for Original Margin ($M)($M)
000000000000
Government Securities Pledged for Guaranty Fund — All CCPs ($M)($M)4
3,5763,3592,9673,0262,7642,8142,4172,2072,1532,0972,2292,334
ICE Clear Europe — Government Securities for Guaranty Fund ($M)($M)
1,022812736681639702747580589610765962
ICE Clear Credit — Government Securities for Guaranty Fund ($M)($M)
2,2532,2451,9441,9981,8261,8431,3891,3361,2931,1811,1191,082
ICE Clear U.S. — Government Securities for Guaranty Fund ($M)($M)
301302287347299269281291271306345290
ICE NGX — Government Securities for Guaranty Fund ($M)($M)
000000000000
Letters of Credit Pledged for Original Margin — All CCPs ($M)($M)4
3,0283,3493,9603,2624,1423,3604,3915,006
ICE Clear Europe — Letters of Credit Pledged ($M)($M)
00000000
ICE Clear Credit — Letters of Credit Pledged ($M)($M)
00000000
ICE Clear U.S. — Letters of Credit Pledged ($M)($M)
00000000
ICE NGX — Letters of Credit Pledged ($M)($M)
3,0283,3493,9603,2624,1423,3604,3915,006
Emissions Certificates Pledged for Original Margin — All CCPs ($M)($M)4
9829741,3991,2048868195851,1091,117730904
ICE Clear Europe — Emissions Certificates Pledged ($M)($M)
9829741,3991,2048868195851,1091,117730904
ICE Clear Credit — Emissions Certificates Pledged ($M)($M)
00000000000
ICE Clear U.S. — Emissions Certificates Pledged ($M)($M)
00000000000
ICE NGX — Emissions Certificates Pledged ($M)($M)
00000000000
ICE NGX Uninvested Cash Collateral — All CCPs ($M)($M)4
5557659477347778627237371,0361,0601,2191,286
ICE Clear Europe — Uninvested Cash Collateral ($M)($M)
000000000000
ICE Clear Credit — Uninvested Cash Collateral ($M)($M)
000000000000
ICE Clear U.S. — Uninvested Cash Collateral ($M)($M)
000000000000
ICE NGX — Uninvested Cash Collateral ($M)($M)
5557659477347778627237371,0361,0601,2191,286
Total ICE Skin-in-the-Game (SITG) Guaranty Fund Contributions ($M)($M)7
396396381370370370370370370340340390
ICE Clear Europe — SITG Contribution ($M)($M)
208208197197197197197197197197197247
ICE Clear Credit — SITG Contribution ($M)($M)
505050505050505050505050
ICE Clear U.S. — SITG Contribution ($M)($M)
8080757575757575757575
ICE NGX — SITG Contribution ($M)($M)
454545454545454545151515
ICE Clear Netherlands — SITG Contribution ($M)($M)
121213222222222
ICE Clear Singapore — SITG Contribution ($M)($M)
111111111111
Total Clearing House Default Insurance Protection ($M)($M)4
400400400400400400400400400400400400
ICE Clear Europe — Default Insurance Layer ($M)($M)
100100100100100100100100100100100100
ICE Clear Credit — Default Insurance Layer ($M)($M)
757575757575757575757575
ICE Clear U.S. — Default Insurance Layer ($M)($M)
2525252525252525252525
ICE NGX — Default Insurance Layer ($M)($M)
200200200200200200200200200200200200
Clearing House Margin Net Interest Income Included in Revenues ($M)($M)2
665451525551586057625960
Exchanges Segment — Clearing Margin Net Interest Income ($M)($M)
382826242725262723242020
Fixed Income & Data Services (ICE Clear Credit) — Clearing Margin NII ($M)($M)
282625282826323334383940
Fixed Income & Data Services — Annual Subscription Value (ASV, $M)($M)3
2,0802,0361,9901,9551,9271,8831,8381,8311,7951,7861,7521,722
Fixed Income & Data Services — Constant Currency ASV ($M)($M)
2,0802,0361,9901,9551,9271,8831,8381,8311,7951,7861,7521,722
ICE Clear Credit — Gross CDS Notional Cleared ($T ITD in SEC / $B Period Flow in 3Q20 Key Metrics)($M)
6.209.9075.8076.60453.705
Consolidated Remaining Performance Obligations (RPO Contract Backlog, $B)($M)
3.403.503.403.403.303.503.503.703.804.104
U.S. Mortgage Loan Delinquency Rate (30+ DPD, Excl. Foreclosure, %)(%)9
3.6%3.4%3.7%3.4%3.4%3.2%3.7%3.5%3.5%3.2%3.6%
U.S. Mortgage Loan Delinquency Rate — Reported YoY Change (%)(%)
6.0%4.4%-0.9%-1.8%-3.8%0.4%4.0%5.7%11.7%9.4%2.7%
Total U.S. Delinquent Properties (30+ DPD, Excl. Foreclosure, loans)
1,961,0001,844,0002,025,0001,877,0001,834,0001,744,0002,016,0001,880,0001,873,0001,711,0001,908,000
Seriously Delinquent Mortgages (90+ DPD, Not in Foreclosure, loans)
570,000588,000560,000477,000466,000495,000541,000476,000431,000435,000475,000
U.S. Foreclosure Pre-Sale Inventory Rate (% of Active Mortgages)(%)
0.5%0.5%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%
U.S. Foreclosure Pre-Sale Inventory Properties (loans)
292,000273,000239,000222,000208,000213,000192,000188,000186,000205,000212,000
Total Non-Current U.S. Mortgages (Delinquent + Active Foreclosure, loans)
2,253,0002,118,0002,265,0002,098,0002,042,0001,957,0002,208,0002,068,0002,058,0001,916,0002,120,000
Monthly U.S. Foreclosure Starts (loans)
113,000116,000104,000103,00088,000106,00081,00083,00073,00085,000
Monthly U.S. Foreclosure Sales / Completions (loans)
22,20022,50021,50021,10019,80018,00016,10016,50017,50018,400
Monthly U.S. Mortgage Prepayment Activity (Single Monthly Mortality — SMM, %)(%)
0.8%1.1%0.9%0.7%0.7%0.6%0.6%0.6%0.5%0.5%0.4%
Exchanges Segment Revenues, Less Transaction-Based Expenses ($M)($M)5
1,4641,7811,3641,2651,4151,3671,2361,2541,2461,2231,1361,114
Exchanges Gross Revenues (Incl. Section 31 & Liquidity Pass-Through, $M)($M)
2,4092,4702,0021,8612,1342,1231,9431,9381,8261,7341,6011,540
Exchanges Transaction-Based Expenses (Section 31 & Routing/Liquidity Rebates, $M)($M)
945689638596719756707684580511465426
Exchanges Total Transaction & Clearing Revenues, Net ($M)($M)3
1,9932,0651,6111,4721,7561,7551,5901,5741,4641,3771,2461,180
Total Futures & Options Transaction & Clearing Revenues ($M)($M)3
7971,151756672818777682674672664593557
Energy Futures & Options Revenue ($M)($M)
518814548482595557477473469457414384
Agricultural & Metals Futures & Options Revenue ($M)($M)
878153516564546071726361
Financials Futures & Options Revenue ($M)($M)
192256155139158156151141132135116112
NYSE Cash Equities & Equity Options Revenue, Gross/Net ($M)($M)
1,085812758701842875821791691610564519
OTC & Other Exchange Revenue (Incl. Clearing Margin NII, $M)($M)
1111029799961038710910110389104
Exchanges Data & Connectivity Services Revenue ($M)($M)
287277266264255246230242240235234236
NYSE Corporate & ETF Listings Revenue ($M)($M)
129128125125123122123122122122121124
Fixed Income & Data Services Segment Revenues ($M)($M)2
645657608618597596579586565568563559
Total Fixed Income & Credit Revenues ($M)($M)3
447465419434420424409420401407402402
Fixed Income Execution (ICE Bonds) Revenue ($M)($M)
313129333231332830263529
CDS Clearing (ICE Clear Credit) Revenue ($M)($M)
8311272908294759778938194
Fixed Income Data & Analytics (Pricing, Reference Data, Indices) Revenue ($M)($M)
333322318311306299301295293288286279
Other Data & Network Technology Services Revenue ($M)($M)
198192189184177172170166164161161157
Mortgage Technology Segment Revenues (GAAP, $M)($M)5
557539532528531510508509506499502330
Origination Technology (Encompass) Revenue ($M)($M)
197192188188187175177182180174170172
Closing Solutions (Simplifile & MERS) Revenue ($M)($M)
655760585847525452444348
Servicing Software (MSP / Black Knight) Revenue ($M)($M)
22622221421622022121320921221421969
Mortgage Data & Analytics Revenue ($M)($M)
696870666667666462677041
Mortgage Technology — Pro Forma Total Revenues (Incl. Pre-Merger Black Knight, $M)($M)4
557539532528531510508509506499502517
Pro Forma Origination Technology ($M)($M)
197192188188187175177182180174170177
Pro Forma Closing Solutions ($M)($M)
655760585847525452444350
Pro Forma Servicing Software ($M)($M)
226222214216220221213209212214219216
Pro Forma Mortgage Data & Analytics ($M)($M)
696870666667666462677074
Pro Forma Consolidated Recurring Revenues ($M)($M)6
1,3531,3201,2891,2751,2561,2361,2151,2121,2061,1961,1991,192
Exchanges — Pro Forma Recurring Revenues ($M)($M)
416405391389378368353364362357355360
Fixed Income & Data Services — Pro Forma Recurring Revenues ($M)($M)
531514507495483471471461457449447436
Mortgage Technology — Pro Forma Recurring Revenues ($M)($M)
406401391391395397391387387390397396
Pro Forma Consolidated Transaction Revenues, Net ($M)($M)3
1,3131,6571,2151,1361,2871,2371,1081,1371,1111,0941,002998
Exchanges — Pro Forma Transaction Revenues, Net ($M)($M)
1,0481,3769738761,037999883890884866781754
Fixed Income & Data Services — Pro Forma Transaction Revenues ($M)($M)
114143101123114125108125108119116123
Mortgage Technology — Pro Forma Transaction Revenues ($M)($M)
151138141137136113117122119109105121
ASC 606 Point-in-Time Revenues — Consolidated ($M)($M)3
1,1571,4461,0669931,1331,076983994972959885845
Exchanges — Point-in-Time Revenues ($M)($M)
9031,182833748894852769762757742674639
Fixed Income & Data Services — Point-in-Time Revenues ($M)($M)
10512995112106114101114101111110114
Mortgage Technology — Point-in-Time Revenues ($M)($M)
14913513813313311011311811410610192
ASC 606 Over-Time Revenues — Consolidated ($M)($M)11
1,5091,5311,4381,4181,4101,3971,3401,3551,3451,3311,3161,158
Exchanges — Over-Time Revenues ($M)($M)
561599531517521515467492489481462475
Exchanges Over-Time: Data & Connectivity Services ($M)($M)
230242240235234236
Exchanges Over-Time: Open Interest Risk Management Clearing Services ($M)($M)
959494938378
Exchanges Over-Time: Listings Services ($M)($M)
123122122122121124
Exchanges Over-Time: Regulatory, Delivery Permits & Software ($M)($M)
193433312437
Fixed Income & Data Services — Over-Time Revenues ($M)($M)
540528513506491482478472464457453445
FIDS Over-Time: Data & Network Services ($M)($M)
471461457449447436
FIDS Over-Time: CDS Open Interest Risk Management Clearing ($M)($M)
7117869
Mortgage Technology — Over-Time Revenues ($M)($M)
408404394395398400395391392393401238
Mortgage Technology Over-Time: Recurring Software & Data ($M)($M)
391387387390397235
Mortgage Technology Over-Time: Other Services ($M)($M)
445343
Consolidated Adjusted Pro Forma Operating Income ($M)($M)16
1,6281,9421,4931,4301,5601,5091,3501,3891,3701,3601,2491,239
Consolidated Adjusted Pro Forma Operating Margin (%)(%)
61.0%65.0%60.0%59.0%61.0%61.0%58.0%59.0%59.0%59.0%57.0%57.0%
Consolidated Adjusted Pro Forma Operating Expenses ($M)($M)
1,0381,0351,011981983964973960947930952951
Consolidated GAAP Operating Income ($M)($M)
1,3911,6651,2371,1741,2971,2211,0771,1031,0661,063925845
Consolidated GAAP Operating Margin (%)(%)
52.0%56.0%49.0%49.0%51.0%49.0%46.0%47.0%46.0%46.0%42.0%42.0%
Consolidated GAAP Operating Expenses ($M)($M)
1,2751,3121,2671,2371,2461,2521,2461,2461,2511,2271,2761,158
Consolidated Amortization of Acquisition-Related Intangibles ($M)($M)
237237238249253253253252252254256191
Consolidated Acquisition Transaction & Integration Costs ($M)($M)
104018710311437153668155
Exchanges — Adjusted Pro Forma Operating Income ($M)($M)7
1,0941,4191,0159241,0781,033923945935916815821
Exchanges — Adjusted Pro Forma Operating Margin (%)(%)
75.0%80.0%74.0%73.0%76.0%76.0%75.0%75.0%75.0%75.0%72.0%74.0%
Exchanges — Adjusted Pro Forma Operating Expenses ($M)($M)
370362349341337334313309311307321293
Exchanges — GAAP Operating Income ($M)($M)
1,0781,4039999081,0621,013902947890897799801
Exchanges — GAAP Operating Margin (%)(%)
74.0%79.0%73.0%72.0%75.0%74.0%73.0%76.0%71.0%73.0%70.0%72.0%
Exchanges — GAAP Operating Expenses ($M)($M)
386378365357353354334307356326337313
Exchanges — Amortization of Acquisition Intangibles ($M)($M)
161616161616161715191616
Exchanges — Acquisition Transaction & Integration Costs ($M)($M)
000000000000
Fixed Income & Data Services — Adjusted Pro Forma Operating Income ($M)($M)6
295311267282261273250263254259241246
Fixed Income & Data Services — Adjusted Pro Forma Operating Margin (%)(%)
46.0%47.0%44.0%45.0%44.0%46.0%43.0%45.0%45.0%46.0%43.0%44.0%
Fixed Income & Data Services — Adjusted Pro Forma Operating Expenses ($M)($M)
350346341336336323329323311309322313
Fixed Income & Data Services — GAAP Operating Income ($M)($M)
268275230244224235211210208214200201
Fixed Income & Data Services — GAAP Operating Margin (%)(%)
42.0%42.0%38.0%39.0%37.0%39.0%36.0%36.0%37.0%38.0%36.0%36.0%
Fixed Income & Data Services — GAAP Operating Expenses ($M)($M)
377382378374373361368376357354363358
Fixed Income & Data Services — Amortization of Acquisition Intangibles ($M)($M)
373637383738383739384142
Mortgage Technology — Adjusted Pro Forma Operating Income ($M)($M)8
239212211224221203177181181185193172
Mortgage Technology — Adjusted Pro Forma Operating Margin (%)(%)
43.0%39.0%39.0%42.0%42.0%40.0%35.0%35.0%36.0%37.0%39.0%33.0%
Mortgage Technology — Adjusted Pro Forma Operating Expenses ($M)($M)
318327321304310307331328325314309345
Mortgage Technology — GAAP Operating Income (Loss) ($M)($M)
45-1382211-27-36-54-32-48-74-157
Mortgage Technology — GAAP Operating Margin (%)(%)
8.0%-2.0%1.0%4.0%2.0%-5.0%-7.0%-11.0%-6.0%-10.0%-15.0%-48.0%
Mortgage Technology — GAAP Operating Expenses ($M)($M)
512552524506520537544563538547576487
Mortgage Technology — Pre-Merger Black Knight Pro Forma Operating Expenses ($M)($M)
0000000000139
Mortgage Technology — Amortization of Acquisition Intangibles ($M)($M)
184185185195200199199198198197199133
Mortgage Technology — Acquisition Transaction & Integration Costs ($M)($M)
104018710311437153668155
Adjusted EBITDA (Trailing 12 Months, $M)($M)
7,1107,0426,0735,9485,808
Total Gross Debt (Leverage Reconciliation, $M)($M)
19,84620,37020,36821,20021,807
Gross Debt-to-Adjusted EBITDA Leverage Ratio (x)(×)
2.802.903.002.903.003.203.303.503.703.904.104.30
Unrestricted Cash & Short-Term Investments ($M)($M)
1,0678638378501,003783844755885863899837
Adjusted Net Income Attributable to ICE ($M)($M)
1,0741,3389759801,043995875894876852760824
Adjusted Diluted Earnings Per Share ($/sh, 20-Year Track Record FY2006..FY2025)($)
1.902.351.711.711.811.721.521.551.521.481.331.46
Consolidated Net Revenues by Geography — Total ($M)4
NYSE Member Firms Dealing with Public — Total Aggregate Revenue ($M)($M)12
148,789137,448124,523135,484126,612123,868122,446125,419118,654117,520105,912108,823
MarketAxess (MKTX, CIK 0001278021) — Total Fixed Income Trading Volume ($M)($M)11
2,665,7153,046,7002,355,0952,488,4573,030,4332,623,8952,549,9252,595,8882,146,9581,995,410
MarketAxess — Total Credit Trading Volume ($M)($M)5
1,042,0951,142,174958,500932,4261,035,916975,989864,709905,290861,535917,988
U.S. High-Grade Trading Volume ($M)($M)
461,087511,492424,563419,703481,090461,308400,129449,708405,440455,998
U.S. High-Yield Trading Volume ($M)($M)
96,701100,40995,65086,228104,89789,99783,37381,76184,24885,379
Emerging Markets Bond Trading Volume ($M)($M)
278,991311,925247,140243,387249,091240,285214,439213,341210,205221,427
Eurobonds Trading Volume ($M)($M)
164,600178,162154,061142,772160,873147,917128,064122,914128,266128,849
Municipal & Other Credit Trading Volume ($M)($M)
40,71640,18637,08640,33639,96536,48238,70437,56633,37626,335
MarketAxess — Total Rates Trading Volume ($M)($M)2
1,623,6201,904,5261,396,5951,556,0311,994,5171,647,9061,685,2161,690,5981,285,4231,077,422
U.S. Government Bonds Trading Volume ($M)($M)
1,494,7131,800,1501,352,8081,480,3171,906,8921,582,0811,608,9951,619,3371,236,9171,045,796
Agency & Other Government Bonds Trading Volume ($M)($M)
128,907104,37643,78775,71487,62565,82576,22171,26148,50631,626
MarketAxess — Total Credit Fee Capture (Fee Per Million — FPM, $/M)($)
129132140138139149148154
MarketAxess — Total Rates Fee Capture (Fee Per Million — FPM, $/M)($)
4.964.684.214.034.204.154.454.79
MarketAxess — Total Commissions Revenue ($M)($M)7
187203181180192181175180172185
Total Variable Transaction Fees ($M)($M)
153170148146158148142147138152
Credit Variable Transaction Fees ($M)($M)
134150132131143136129135128142
Rates Variable Transaction Fees ($M)($M)
8.058.926.706.558.046.927.267.025.725.17
Other Variable Transaction Fees ($M)($M)
10.310.79.388.597.065.235.244.865.084.85
Total Fixed Distribution Fees ($M)($M)
34.233.532.934.233.733.432.933.733.233.4
Credit Fixed Distribution Fees ($M)($M)
34.133.432.834.133.633.332.933.633.233.3
Rates Fixed Distribution Fees ($M)($M)
0.090.100.100.090.080.090.070.070.060.07
MarketAxess — U.S. Bond Market Trading Days(days)
62616264626162646361
MarketAxess — U.K. Bond Market Trading Days(days)
61636465606364656163
MarketAxess (DB) — Total Revenues ($M)($M)
218233209209220209202207198210197172
MarketAxess (DB) — Operating Income ($M)($M)
89.91017685.691.988.48087.181.392.57766.9
MarketAxess (DB) — Net Income ($M)($M)
68.177.992.268.271.115.165.171.564.972.669.654.9
MarketAxess (DB) — Total Assets ($M)($M)
2,4222,3021,9352,0141,9751,8781,7891,8331,8871,9272,0151,738
Bakkt Holdings (BKKT, CIK 0001820302) — Digital Asset Notional Traded Volume ($M)($M)3
162241
Bakkt (DB) — Total Revenues ($M)($M)
5781,0751,748328510855161205
Bakkt (DB) — Net Income / (Loss) ($M)($M)
80.8-11.7-85.3-14.9-14.77.70-19.2-2.90-16.4-8.20-26.7-17.3
Bakkt (DB) — Total Assets ($M)($M)
4042131632581901762691,1831,2431,576265847
ICE BofA U.S. Investment Grade Corporate Index OAS Spread (%)(%)3
0.8%0.9%0.8%0.8%0.9%1.0%0.8%0.9%1.0%0.9%1.0%
ICE BofA U.S. High Yield Corporate Index OAS Spread (%)(%)
2.8%3.3%2.8%2.8%3.0%3.6%2.9%3.0%3.2%3.2%3.4%
ICE BofA U.S. Investment Grade Corporate Effective Yield (%)(%)
5.2%5.1%4.8%4.8%5.0%5.2%5.4%4.8%5.5%5.4%5.1%
ICE BofA U.S. High Yield Corporate Effective Yield (%)(%)
7.0%7.3%6.5%6.6%6.8%7.5%7.3%6.7%7.7%7.5%7.4%
Europe Brent Crude Spot Price FOB ($/bbl)($)4
10380.2163.6368.9768.0175.8174.6179.8484.658383.7286.66
Cushing, OK WTI Crude Spot Price FOB ($/bbl)($)
95.7571.9859.6465.7464.6371.8470.6976.2481.7177.5678.4182.30
Henry Hub Natural Gas Spot Price ($/MMBtu)($)
2.954.793.753.033.194.152.442.112.092.132.742.59
European TTF Natural Gas Benchmark Price ($/MMBtu)($)
15.5513.6210.2411.1511.8314.4313.4411.3910.028.7112.8010.59
Asian LNG / JKM Benchmark Price ($/MMBtu)($)
17.291410.6111.6912.0713.9913.7912.77119.2814.5911.93
U.S. 30-Year Fixed Rate Mortgage Average (Freddie Mac PMMS, %)(%)14
6.4%6.1%6.2%6.6%6.8%6.8%6.6%6.5%7.0%6.8%7.3%7.0%
Secured Overnight Financing Rate (SOFR, %)(%)
3.7%3.7%3.9%4.2%4.5%4.4%4.5%5.0%5.3%5.3%5.4%5.3%
Effective Federal Funds Rate (%)(%)
3.6%3.6%3.7%4.2%4.3%4.3%4.5%5.1%5.3%5.3%5.3%5.3%
2-Year U.S. Treasury Constant Maturity Yield (%)(%)
4.1%3.8%3.5%3.6%3.7%3.9%4.3%3.7%4.7%4.6%4.2%5.0%
10-Year U.S. Treasury Constant Maturity Yield (%)(%)
4.4%4.3%4.2%4.2%4.2%4.2%4.6%3.8%4.4%4.2%3.9%4.6%
10-Year Minus 2-Year U.S. Treasury Yield Spread (%)(%)
0.3%0.5%0.7%0.6%0.5%0.3%0.3%0.2%-0.4%-0.4%-0.4%-0.4%
U.S. Commercial Paper Outstanding ($B)($M)
1,3971,3621,2881,3781,4691,3921,1481,2321,2901,3501,2711,195
S&P 500 Equity Index
7,4996,5296,8466,6886,2055,6125,8825,7625,4605,2544,7704,288
NASDAQ Composite Index
26,21421,59123,24222,66020,37017,29919,31118,18917,73316,37915,01113,219
CBOE Market Volatility Index (VIX)
162515161722171712131218
U.S. Security Brokers & Dealers — Total Financial Assets (Fed Z.1, $B)($M)
7,2426,6896,2766,1286,0185,7595,2705,5085,1695,1454,8764,757
U.S. Security Brokers & Dealers — Total Liabilities (Fed Z.1, $B)($M)
6,8036,2775,8795,7535,6525,4004,9285,1784,8514,8304,5684,450
U.S. Security Brokers & Dealers — Reverse Repo Assets (Fed Z.1, $B)($M)
2,0772,0721,9901,8571,8561,9311,6901,8321,7091,6601,6261,604
U.S. Security Brokers & Dealers — Customer Margin Loans Receivable (Fed Z.1, $B)($M)
742622610566506477486452451434398402
U.S. Money Market Funds — Total Financial Assets (Fed Z.1, $B)($M)
8,4418,2908,1907,7747,4817,3987,2436,8396,5486,4416,3586,143
Consolidated Revenues, Less Transaction-Based Expenses (DB, $M)($M)13
3,6113,6663,1423,0073,2623,2293,0303,0332,8972,8012,6662,429
Total Operating Expenses (DB, $M)($M)
1,2751,3121,2671,2371,2461,2521,2461,2461,2511,2271,2761,158
Selling, General & Administrative Expenses (DB, $M)($M)
6385747766767554100787059
Consolidated Operating Income (DB, $M)($M)
1,3911,6651,2371,1741,2971,2211,0771,1031,0661,063925845
Interest Expense (DB, $M)($M)
205203204192201206213223233241251206
Pre-Tax Income (DB, $M)($M)
1,2871,8971,0661,0811,1321,067905898861964516682
Income Tax Expense (DB, $M)($M)
312465204250267255196227222181126123
Consolidated Net Income (DB, $M)($M)
9751,432862831865812709671639783390559
Net Income Attributable to ICE (DB, $M)($M)
9581,413851816851797698657632767373541
Basic Earnings Per Share (DB, $/sh)($)
1.702.491.431.491.391.151.101.340.96
Diluted Earnings Per Share (DB, $/sh)($)
1.692.481.421.481.381.141.101.330.96
Dividends Declared Per Share (DB, $/sh)($)
0.520.520.480.480.480.480.450.450.450.450.420.42
Weighted-Average Basic Shares (DB, Millions)(M)
564567572573574574573573563
Weighted-Average Diluted Shares (DB, Millions)(M)
566570574575577577575575565
Total Assets (DB, $M)($M)16
174,247179,177136,887140,901144,175142,870139,428135,201137,682131,397136,084137,022
Operating Cash Flow (DB, $M)($M)8
1,9981,3261,2759151,5069661,5068981,1961,009969768

4 metrics have no data in the last 12 quarters — .

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics
  • Fiscal Calendar & Reporting Scope: Intercontinental Exchange, Inc. (NYSE: ICE, CIK 0001571949, company_id = 193) operates on a calendar fiscal year ending December 31 (Q1 = Jan–Mar, Q2 = Apr–Jun, Q3 = Jul–Sep, Q4 = Oct–Dec). Latest SEC filings covered: Form 10-Q for Q2 2026 (ended June 30, 2026, filed July 30, 2026), Form 10-K for FY2025 (ended December 31, 2025, filed February 6, 2026), Form 8-K filed August 19, 2026 (announced definitive agreement to acquire MarketAxess Holdings Inc., CIK 0001278021), and Monthly IR releases through October 2026.
  • Three-Segment Operational Architecture: ICE operates across (1) Exchanges (Global Energy, Agricultural & Metals, and Financial futures & options across ICE Futures Europe, ICE Futures U.S., ICE Endex, ICE Futures Abu Dhabi, ICE Futures Singapore, and NYSE Cash Equities & Equity Options), (2) Fixed Income and Data Services (ICE Bonds, ICE Clear Credit CDS clearing, ICE BofA fixed income pricing/indices/reference data, and Consolidated Feeds/Connectivity), and (3) Mortgage Technology (Encompass origination platform, MSP servicing software after the September 2023 Black Knight acquisition, Simplifile/MERS closing solutions, and Mortgage Data & Analytics).
  • Subsidiary & Clearing House Granularity: Integrates Note 11 / Note 15 CCP balance sheet and off-balance-sheet disclosures across ICE Clear Europe, ICE Clear Credit, ICE Clear U.S., and ICE NGX ($88.36B cash margin & guaranty funds at Q2 2026, cash margin investment portfolio, non-cash collateral pledged, Skin-in-the-Game SITG & default insurance layers), plus audited UK Companies House statutory filings for ICE Futures Europe (01528617) and ICE Clear Europe Limited (06219884), 28 quarters of NYSE Member Firms Dealing with the Public financial reports (FY2018Q3–FY2026Q2), and SEC filings of MarketAxess (MKTX) and Bakkt (BKKT).
  • Permitted Formulas Only (Step 4 Compliance): All cells contain published figures from SEC filings, IR supplemental spreadsheets/releases, UK Companies House filings, or FRED/Fed Z.1 benchmarks, plus fourth-quarter flow splits (Q4 = FY − 9M, explicitly annotated with formula). Approximate/bound figures from narrative text (e.g., '>1,000 data sources', 'nearly 14,000 securities', 'approximately 9,200 transactions per day') are excluded from table cells and documented in Plan.md.

Data updated 2026-10-28.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

1. Exchanges — Futures & Options Volumes, ADV, Open Interest, RPC, NYSE Market Share & Short Interest

2. Clearing Houses — Cash & Non-Cash Margin Collateral, Investment Portfolio, SITG Waterfall & Margin NII

3. Fixed Income & Data Services (ASV, CDS Cleared, RPO) & ICE Mortgage Monitor / First Look Housing KPIs

4. Segment Revenue Disaggregation, Pro Forma Recurring Mix, ASC 606 Timing & Non-GAAP Profitability

5. Regulated UK Subsidiaries (ICE Futures Europe & ICE Clear Europe), NYSE Member Firms & M&A (MarketAxess & Bakkt)

6. Human Capital by Geography, CEO Pay Ratio & ESG Greenhouse Gas Emissions

7. External Industry & Macro Benchmarks — ICE BofA Credit Indices, Energy Benchmarks, Mortgage Rate & Fed Z.1

8. Financial Statements & Segment Context (PostgreSQL DB)