ICE
Intercontinental Exchange
$131.34
▼ 1.9%Updated Today 6:01 PM ET
▼ Down 25.5% over the last 12 months
Market Cap
$75.71B
P/E
19.13x
Forward P/E (est.)
13.66x
ROE
13.6%
Revenue Growth
7.3%
EPS Growth
42.2%
Profit Margin
30.1%
FCF Yield
4.5%
Debt / Equity
0.68x
ROIC
8.0%
Interest Coverage
6.1x
Current Ratio
1.01x
Dividend Yield
1.5%
Implied Growth (rev. DCF)
3.2%
Rating Score
72/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what ICE's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. ICE trades near $131.34, below its 50-day average ($152.54) and 200-day average ($159.28). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 28 it is oversold — selling has been heavy and a bounce is possible.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. ICE's is $4.56 (~3.5% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month ICE found buyers near $133.73 (support) and sellers near $153.74 (resistance); its 52-week range is $133.73–$189.35. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.4× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Intercontinental Exchange (ICE) is a large-cap company in the Financial Exchanges & Data industry, part of the Financials sector of the S&P 500, with a market value around $75.71B.
In its latest reported year it generated about $12.64B in revenue and $3.31B in net profit.
Our model rates ICE Strong (72/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
8.4%
Revenue moved from $9.17B in 2021 to $12.64B in 2025, a 8.4% compound annual growth rate. The most recent year grew a steady 7.3% year over year. Slower, mature growth is common for established businesses.
Gross Margin
79.8%
Operating Margin
39.0%
Net Margin
26.2%
ROE
13.6%
Intercontinental Exchange keeps about 30.1% of each sales dollar as net profit, with a 79.8% gross margin and 39.0% operating margin. Return on equity is 13.6% and return on invested capital about 8.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$18.12B
Net Debt
$17.26B
Net Debt / EBITDA
3.5x
Debt / Equity
0.68x
Leverage: debt-to-equity is 0.7x, and operating profit covers interest about 6.1x, with a current ratio of 1.0x. That is a moderate, manageable debt load for most businesses. It carries roughly $18.12B of total debt against $863.00M of cash.
Operating CF
$4.66B
Free Cash Flow
$4.29B
FCF Margin
33.9%
In the latest year Intercontinental Exchange produced about $4.66B of operating cash flow and $4.29B of free cash flow after capital spending. That is a free-cash-flow yield of about 4.5% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
19.13x
P/S
6.28x
P/B
3.03x
EV / EBITDA
14.97x
ICE trades at 19.1x trailing earnings (about 13.7x on estimated forward earnings), 6.3x sales, and 3.0x book value. Reverse-engineering today's price implies the market expects roughly 3.2% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How ICE stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
In the Financials sector (76 S&P 500 companies), ICE ranks #16 of 76 by our overall rating. It trades at a premium versus the sector on earnings (19.1x P/E vs. 15.2x median) with a lower return on equity (13.6% vs. 15.3%) and slower revenue growth (7.3% vs. 9.1%).
P/E vs sector
19.1x
median 15.2x
ROE vs sector
13.6%
median 15.3%
Growth vs sector
7.3%
median 9.1%
Sector rank
#16
of 76 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size. Sector median is across all 76 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$89.66 – $154.86
vs. $131.34 today · expected CAGR -7% – 3%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $13.52B | $14.47B | $15.48B | $16.57B | $17.73B |
| Net income | $3.52B | $3.76B | $4.03B | $4.31B | $4.61B |
| EPS | $6.22 | $6.65 | $7.12 | $7.62 | $8.15 |
| Share price (low) | $68.40 | $73.19 | $78.31 | $83.79 | $89.66 |
| Share price (high) | $118.15 | $126.42 | $135.26 | $144.73 | $154.86 |
| CAGR (low–high) | -48% / -10% | -25% / -2% | -16% / 1% | -11% / 2% | -7% / 3% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for ICE:
- High net margins (30.1%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~4.5%) funds buybacks and dividends.
- Our model's overall read is Strong (72/100).
The case against ICE:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Intercontinental Exchange is a large-cap financials business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 19.1x earnings, which our model scores Strong (72/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.