INTERCONTINENTAL EXCHANGE, INC.

ICE · CIK 0001571949

15 fiscal years · 53 SEC filings · every number carries its receipt

Revenue (FY)

$12.64B7.5%

FY2025

Net income (FY)

$3.31B20.4%

FY2025

Free cash flow (FY)

$4.29B2.0%

FY2025

Diluted EPS (FY)

$5.7720.7%

FY2025

The story, charted

The shape of the business

FY2011–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 9.5× since FY2011 · net margin 38.4% → 26.2%

MarginsNet marginFCF margin

FY2025: net 26.2% · free cash flow 33.9% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $4.66B operating cash − $373.0M capex = $4.29B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 15% (FY2012) → 11% (FY2025) · on assets 2.4%

Balance sheetLiabilitiesEquity

FY2025: $136.89B assets · $107.90B liabilities · $28.91B equity

The receipts

INTERCONTINENTAL EXCHANGE, INC.

ICE · CIK 0001571949

15 fiscal years · 53 SEC filings · every number carries its receipt

Revenue (FY)

$12.64B7.5%

FY2025

Net income (FY)

$3.31B20.4%

FY2025

Free cash flow (FY)

$4.29B2.0%

FY2025

Diluted EPS (FY)

$5.7720.7%

FY2025

The story, charted

The shape of the business

FY2011–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 9.5× since FY2011 · net margin 38.4% → 26.2%

MarginsNet marginFCF margin

FY2025: net 26.2% · free cash flow 33.9% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $4.66B operating cash − $373.0M capex = $4.29B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 15% (FY2012) → 11% (FY2025) · on assets 2.4%

Balance sheetLiabilitiesEquity

FY2025: $136.89B assets · $107.90B liabilities · $28.91B equity

The receipts