Intercontinental Exchange, Inc. - Understand $ice stock

$ICE Market Cap: $89.63 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$11.40B

TTM

Gross Margin

80.44%

TTM

Net Earnings

$2.429B

TTM

Current Assets

$84.70B

Q3 2024

Current Liabilities

$84.56B

Q3 2024

Current Ratio

100.16%

Q3 2024

Total Assets

$135.2B

Q3 2024

Total Liabilities

$107.9B

Q3 2024

Book Value

$27.27B

Q3 2024

Cash

$755.0M

Q3 2024

P/E

36.90

Nov 29, 2024 EST

Free Cash Flow

$3.520B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$9.903B	$9.636B	$9.168B	$8.244B	$6.547B	$6.276B	$5.843B	$5.971B	$4.682B	$4.352B	$1.730B	$1.363B	$1.327B	$1.150B	$994.8M	$813.1M	$574.3M	$313.8M	$155.9M	$108.4M	$93.70M	$125.5M
YoY Change	2.77%	5.1%	11.21%	25.92%	4.32%	7.41%	-2.14%	27.53%	7.58%	151.56%	26.93%	2.71%	15.4%	15.59%	22.35%	41.58%	83.01%	101.28%	43.82%	15.69%	-25.34%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$9.903B	$9.636B	$9.168B	$8.244B	$6.547B	$6.276B	$5.843B	$5.971B	$4.682B	$4.352B	$1.730B	$1.363B	$1.327B	$1.150B	$994.8M	$813.1M	$574.3M	$313.8M	$155.9M	$108.4M	$93.70M	$125.5M
Cost Of Revenue	$1.915B	$2.344B	$2.022B	$2.208B	$1.345B	$1.297B	$1.205B	$1.459B	$1.344B	$1.129B	$118.0M											$4.000M
Gross Profit	$7.988B	$7.292B	$7.146B	$6.036B	$5.202B	$4.979B	$4.638B	$4.512B	$3.338B	$3.092B	$1.598B											$121.5M
Gross Profit Margin	80.66%	75.67%	77.95%	73.22%	79.46%	79.33%	79.38%	75.57%	71.29%	71.05%	92.37%											96.81%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Selling, General & Admin	$266.0M	$226.0M	$215.0M	$185.0M	$161.0M	$151.0M	$155.0M	$116.0M	$116.0M	$143.0M	$51.00M	$37.00M	$34.00M	$367.0M	$364.7M	$257.3M	$176.9M	$95.50M	$64.80M	$59.00M	$55.50M	$56.20M
YoY Change	17.7%	5.12%	16.22%	14.91%	6.62%	-2.58%	33.62%	0.0%	-18.88%	180.39%	37.84%	8.82%	-90.74%	0.63%	41.74%	45.45%	85.24%	47.38%	9.83%	6.31%	-1.25%
% of Gross Profit	3.33%	3.1%	3.01%	3.06%	3.09%	3.03%	3.34%	2.57%	3.48%	4.62%	3.19%											46.26%
Research & Development	$734.0M	$683.0M	$666.0M	$549.0M	$469.0M	$432.0M	$397.0M	$374.0M
YoY Change	7.47%	2.55%	21.31%	17.06%	8.56%	8.82%	6.15%
% of Gross Profit	9.19%	9.37%	9.32%	9.1%	9.02%	8.68%	8.56%	8.29%
Depreciation & Amortization	$182.0M	$174.0M	$174.0M	$173.0M	$145.0M	$133.0M	$122.0M	$142.0M	$124.0M	$100.0M	$40.00M	$24.00M	$23.00M	$121.2M	$111.4M	$62.20M	$32.70M	$13.70M	$15.10M	$17.00M	$19.30M	$14.40M
YoY Change	4.6%	0.0%	0.58%	19.31%	9.02%	9.02%	-14.08%	14.52%	24.0%	150.0%	66.67%	4.35%	-81.02%	8.8%	79.1%	90.21%	138.69%	-9.27%	-11.18%	-11.92%	34.03%
% of Gross Profit	2.28%	2.39%	2.43%	2.87%	2.79%	2.67%	2.63%	3.15%	3.71%	3.23%	2.5%											11.85%
Operating Expenses	$4.294B	$3.654B	$3.697B	$3.003B	$2.529B	$2.396B	$2.259B	$2.340B	$1.588B	$1.644B	$808.0M	$536.0M	$534.0M	$488.2M	$476.1M	$319.5M	$209.6M	$109.2M	$79.90M	$76.00M	$74.80M	$70.50M
YoY Change	17.52%	-1.16%	23.11%	18.74%	5.55%	6.06%	-3.46%	47.36%	-3.41%	103.47%	50.75%	0.37%	9.38%	2.54%	49.01%	52.43%	91.94%	36.67%	5.13%	1.6%	6.1%
Operating Profit	$3.694B	$3.638B	$3.449B	$3.033B	$2.673B	$2.583B	$2.379B	$2.172B	$1.750B	$1.448B	$790.0M	$827.0M	$793.0M									$51.00M
YoY Change	1.54%	5.48%	13.72%	13.47%	3.48%	8.58%	9.53%	24.11%	20.86%	83.29%	-4.47%	4.29%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Interest Expense	$808.0M	$616.0M	$423.0M	$357.0M	$285.0M	$244.0M	$187.0M	$178.0M	$97.00M	$96.00M	$56.00M	$39.00M	$35.00M	-$28.40M	-$21.00M	-$8.000M	-$6.800M	$8.300M	$2.500M	$2.700M	$1.600M	$1.600M
YoY Change	31.17%	45.63%	18.49%	25.26%	16.8%	30.48%	5.06%	83.51%	1.04%	71.43%	43.59%	11.43%	-223.24%	35.24%	162.5%	17.65%	-181.93%	232.0%	-7.41%	68.75%	0.0%
% of Operating Profit	21.87%	16.93%	12.26%	11.77%	10.66%	9.45%	7.86%	8.2%	5.54%	6.63%	7.09%	4.72%	4.41%									3.14%
Other Income/Expense, Net	-$800.0M	-$1.830B	$2.249B	-$267.0M	-$192.0M	-$63.00M	$147.0M	-$129.0M	-$97.00M	-$41.00M	-$286.0M	-$37.00M	-$33.00M	-$14.50M	$2.000M	-$12.00M	$11.60M	-$400.0K	$1.300M	-$1.400M	-$700.0K	-$100.0K
YoY Change	-56.28%	-181.37%	-942.32%	39.06%	204.76%	-142.86%	-213.95%	32.99%	136.59%	-85.66%	672.97%	12.12%	127.59%	-825.0%	-116.67%	-203.45%	-3000.0%	-130.77%	-192.86%	100.0%	600.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Pretax Income	$2.894B	$1.808B	$5.698B	$2.766B	$2.481B	$1.371B	$1.308B	$1.057B	$824.0M	$1.407B	$504.0M	$790.0M	$299.0M	$608.9M	$493.7M	$473.5M	$358.4M	$212.5M	$60.00M	$33.70M	$19.90M	$52.40M
YoY Change	60.07%	-68.27%	106.0%	11.49%	80.96%	4.82%	23.75%	28.28%	-41.44%	179.17%	-36.2%	164.21%	-50.9%	23.33%	4.27%	32.11%	68.66%	254.17%	78.04%	69.35%	-62.02%
Income Tax	$456.0M	$310.0M	$1.629B	$658.0M	$521.0M	$500.0M	-$28.00M	$586.0M	$358.0M	$402.0M	$184.0M	$228.0M	$238.0M	$201.7M	$179.6M	$172.5M	$117.8M	$69.30M	$19.60M	$11.80M	$6.500M	$17.70M
% Of Pretax Income	15.76%	17.15%	28.59%	23.79%	21.0%	36.47%	-2.14%	55.44%	43.45%	28.57%	36.51%	28.86%	79.6%	33.13%	36.38%	36.43%	32.87%	32.61%	32.67%	35.01%	32.66%	33.78%
Net Earnings	$2.368B	$1.446B	$4.058B	$2.089B	$1.933B	$1.988B	$2.526B	$1.430B	$1.274B	$981.0M	$254.0M	$552.0M	$510.0M	$397.7M	$316.0M	$301.0M	$240.6M	$143.3M	$40.40M	$21.90M	$13.40M	$34.70M
YoY Change	63.76%	-64.37%	94.26%	8.07%	-2.77%	-21.3%	76.64%	12.24%	29.87%	286.22%	-53.99%	8.24%	28.24%	25.85%	4.98%	25.1%	67.9%	254.7%	84.47%	63.43%	-61.38%
Net Earnings / Revenue	23.91%	15.01%	44.26%	25.34%	29.52%	31.68%	43.23%	23.95%	27.21%	22.54%	14.68%	40.5%	38.43%	34.59%	31.77%	37.02%	41.89%	45.67%	25.91%	20.2%	14.3%	27.65%
Basic Earnings Per Share	$4.20	$2.59	$7.22	$3.79	$3.44	$3.46	$4.29	$2.40	$2.29	$1.72	$3.24	$7.59	$6.97
Diluted Earnings Per Share	$4.19	$2.58	$7.18	$3.77	$3.42	$3.43	$4.25	$2.39	$2.28	$1.71	$3.21	$7.52	$6.90	$1.068M	$852.9K	$834.3K	$677.9K	$480.9K	$151.8K	$82.55K	$49.05K	$126.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Cash & Short-Term Investments	$899.0M	$1.799B	$607.0M	$583.0M	$841.0M	$724.0M	$535.0M	$430.0M	$656.0M	$1.852B	$1.035B	$1.612B	$823.0M	$624.0M	$554.0M	$287.0M	$261.0M	$282.0M	$131.0M	$67.00M	$81.00M
YoY Change	-50.03%	196.38%	4.12%	-30.68%	16.16%	35.33%	24.42%	-34.45%	-64.58%	78.94%	-35.79%	95.87%	31.89%	12.64%	93.03%	9.96%	-7.45%	115.27%	95.52%	-17.28%
Cash & Equivalents	$899.0M	$1.799B	$607.0M	$583.0M	$841.0M	$724.0M	$535.0M	$407.0M	$627.0M	$652.0M	$961.0M	$1.612B	$823.0M	$622.0M	$552.0M	$284.0M	$120.0M	$204.0M	$20.00M	$61.00M	$45.00M
Short-Term Investments								$23.00M	$29.00M	$1.200B	$74.00M			$2.000M	$2.000M	$3.000M	$141.0M	$77.00M	$111.0M	$6.000M	$36.00M
Other Short-Term Assets	$82.71B	$154.0B	$152.5B	$85.41B	$66.15B	$65.02B	$52.12B	$55.93B	$51.96B	$47.87B	$42.69B	$32.01B	$31.65B	$22.84B	$18.80B	$12.19B	$830.0M	$27.00M	$18.00M	$24.00M	$17.00M
YoY Change	-46.29%	0.98%	78.54%	29.11%	1.75%	24.73%	-6.8%	7.64%	8.53%	12.14%	33.36%	1.15%	38.57%	21.5%	54.26%	1368.07%	2974.07%	50.0%	-25.0%	41.18%
Inventory
Prepaid Expenses
Receivables	$1.366B	$1.169B	$1.208B	$1.230B	$988.0M	$953.0M	$903.0M	$777.0M	$700.0M	$508.0M	$546.0M	$127.0M	$136.0M	$114.0M	$109.0M	$81.00M	$52.00M	$32.00M	$15.00M	$10.00M	$8.000M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$84.97B	$156.9B	$154.3B	$87.22B	$67.98B	$66.69B	$53.56B	$57.13B	$53.31B	$50.23B	$44.27B	$33.75B	$32.61B	$23.58B	$19.46B	$12.55B	$1.142B	$341.0M	$164.0M	$100.0M	$106.0M
YoY Change	-45.86%	1.72%	76.91%	28.3%	1.93%	24.51%	-6.25%	7.17%	6.13%	13.47%	31.17%	3.51%	38.3%	21.15%	55.02%	999.21%	234.9%	107.93%	64.0%	-5.66%
Property, Plant & Equipment	$1.923B	$1.767B	$1.699B	$1.713B	$1.536B	$1.241B	$1.246B	$1.129B	$1.037B	$874.0M	$889.0M	$143.0M	$131.0M	$95.00M	$92.00M	$89.00M	$64.00M	$26.00M	$20.00M	$19.00M	$26.00M
YoY Change	8.83%	4.0%	-0.82%	11.52%	23.77%	-0.4%	10.36%	8.87%	18.65%	-1.69%	521.68%	9.16%	37.89%	3.26%	3.37%	39.06%	146.15%	30.0%	5.26%	-26.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$73.00M	$208.0M	$1.600B	$71.00M				$640.0M	$415.0M	$432.0M	$496.0M	$391.0M	$451.0M	$0.00	$31.00M	$36.00M	$39.00M	$39.00M	$4.000M	$0.00
YoY Change	-64.9%	-87.0%	2153.52%					54.22%	-3.94%	-12.9%	26.85%	-13.3%		-100.0%	-13.89%	-7.69%	0.0%	875.0%
Other Assets	$1.245B	$1.215B	$1.044B	$1.498B	$1.378B	$1.311B	$971.0M	$390.0M	$385.0M	$401.0M	$256.0M	$193.0M	$203.0M	$165.0M	$134.0M	$119.0M	$5.000M	$6.000M	$1.000M	$2.000M	$2.000M
YoY Change	2.47%	16.38%	-30.31%	8.71%	5.11%	35.02%	148.97%	1.3%	-3.99%	56.64%	32.64%	-4.93%	23.03%	23.13%	12.61%	2280.0%	-16.67%	500.0%	-50.0%	0.0%
Total Long-Term Assets	$51.11B	$37.39B	$39.20B	$38.98B	$26.51B	$26.10B	$24.70B	$24.87B	$24.67B	$18.02B	$20.15B	$3.465B	$3.543B	$3.066B	$2.425B	$2.407B	$1.654B	$152.0M	$102.0M	$108.0M	$109.0M
YoY Change	36.69%	-4.62%	0.57%	47.02%	1.59%	5.66%	-0.68%	0.79%	36.91%	-10.57%	481.62%	-2.2%	15.56%	26.43%	0.75%	45.53%	988.16%	49.02%	-5.56%	-0.92%
Total Assets	$136.1B	$194.3B	$193.5B	$126.2B	$94.49B	$92.79B	$78.26B	$82.00B	$77.99B	$68.25B	$64.42B	$37.22B	$36.15B	$26.64B	$21.89B	$14.96B	$2.796B	$493.0M	$266.0M	$208.0M	$215.0M
YoY Change
Accounts Payable	$1.003B	$866.0M	$703.0M	$639.0M	$505.0M	$521.0M	$462.0M	$388.0M	$398.0M	$409.0M	$392.0M	$70.00M	$66.00M	$65.00M	$57.00M	$50.00M	$28.00M	$13.00M	$2.000M	$1.000M	$1.000M
YoY Change	15.82%	23.19%	10.02%	26.53%	-3.07%	12.77%	19.07%	-2.51%	-2.69%	4.34%	460.0%	6.06%	1.54%	14.04%	14.0%	78.57%	115.38%	550.0%	100.0%	0.0%
Accrued Expenses	$519.0M	$417.0M	$426.0M	$346.0M	$344.0M	$280.0M	$227.0M	$230.0M	$215.0M	$205.0M	$304.0M	$55.00M	$58.00M	$54.00M	$52.00M	$41.00M	$24.00M	$18.00M	$14.00M	$14.00M	$9.000M
YoY Change	24.46%	-2.11%	23.12%	0.58%	22.86%	23.35%	-1.3%	6.98%	4.88%	-32.57%	452.73%	-5.17%	7.41%	3.85%	26.83%	70.83%	33.33%	28.57%	0.0%	55.56%
Deferred Revenue
YoY Change
Short-Term Debt	$1.954B	$4.000M	$1.022B	$2.411B	$1.321B	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$12.00M	$0.00
YoY Change	48750.0%	-99.61%	-57.61%	82.51%															-100.0%
Long-Term Debt Due		$0.00	$499.0M	$0.00	$1.248B	$951.0M	$1.833B	$2.493B	$2.591B	$2.042B	$1.135B	$163.0M	$50.00M	$253.0M	$99.00M	$47.00M	$39.00M	$0.00	$0.00	$0.00	$2.000M
YoY Change		-100.0%		-100.0%	31.23%	-48.12%	-26.47%	-3.78%	26.89%	79.91%	596.32%	226.0%	-80.24%	155.56%	110.64%	20.51%				-100.0%
Total Short-Term Liabilities	$84.63B	$149.2B	$153.4B	$88.00B	$68.82B	$66.11B	$54.18B	$58.62B	$54.74B	$50.44B	$44.32B	$32.25B	$31.80B	$23.13B	$18.97B	$12.31B	$911.0M	$38.00M	$26.00M	$34.00M	$18.00M
YoY Change	-43.27%	-2.76%	74.33%	27.88%	4.1%	22.03%	-7.58%	7.08%	8.54%	13.8%	37.45%	1.4%	37.5%	21.93%	54.06%	1251.48%	2297.37%	46.15%	-23.53%	88.89%
Long-Term Debt	$20.66B	$18.12B	$12.40B	$14.13B	$5.250B	$6.490B	$4.267B	$3.871B	$4.717B	$2.235B	$3.923B	$970.0M	$838.0M	$326.0M	$209.0M	$333.0M	$184.0M	$0.00	$0.00	$13.00M	$0.00
YoY Change	14.02%	46.15%	-12.24%	169.07%	-19.11%	52.1%	10.23%	-17.94%	111.05%	-43.03%	304.43%	15.75%	157.06%	55.98%	-37.24%	80.98%			-100.0%
Other Long-Term Liabilities	$933.0M	$795.0M	$846.0M	$885.0M	$749.0M	$554.0M	$539.0M	$767.0M	$815.0M	$998.0M	$881.0M	$107.0M	$112.0M	$104.0M	$94.00M	$108.0M	$115.0M	$1.000M	$1.000M	$1.000M	$1.000M
YoY Change	17.36%	-6.03%	-4.41%	18.16%	35.2%	2.78%	-29.73%	-5.89%	-18.34%	13.28%	723.36%	-4.46%	7.69%	10.64%	-12.96%	-6.09%	11400.0%	0.0%	0.0%	0.0%
Total Long-Term Liabilities	$21.59B	$18.91B	$13.24B	$15.01B	$5.999B	$7.044B	$4.806B	$4.638B	$5.532B	$3.233B	$4.804B	$1.077B	$950.0M	$430.0M	$303.0M	$441.0M	$299.0M	$1.000M	$1.000M	$14.00M	$1.000M
YoY Change	14.16%	42.82%	-11.78%	150.23%	-14.84%	46.57%	3.62%	-16.16%	71.11%	-32.7%	346.05%	13.37%	120.93%	41.91%	-31.29%	47.49%	29800.0%	0.0%	-92.86%	1300.0%
Total Liabilities	$110.4B	$171.6B	$170.8B	$106.7B	$77.24B	$75.59B	$61.31B	$66.29B	$63.18B	$55.89B	$52.07B	$33.57B	$33.03B	$23.87B	$19.49B	$12.95B	$1.319B	$39.00M	$33.00M	$58.00M	$29.00M
YoY Change	-35.7%	0.49%	60.07%	38.15%	2.18%	23.3%	-7.51%	4.92%	13.03%	7.34%	55.11%	1.65%	38.39%	22.48%	50.44%	881.96%	3282.05%	18.18%	-43.1%	100.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	564.0M shares	559.0M shares	562.0M shares	552.0M shares	561.0M shares	575.0M shares	589.0M shares	595.0M shares	556.0M shares	570.0M shares	78.00M shares	73.00M shares	73.00M shares
Diluted Shares Outstanding	565.0M shares	561.0M shares	565.0M shares	555.0M shares	565.0M shares	579.0M shares	594.0M shares	599.0M shares	559.0M shares	573.0M shares	79.00M shares	73.00M shares	74.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $89.629 Billion

About Intercontinental Exchange, Inc.

Intercontinental Exchange, Inc. engages in the provision of market infrastructure, data services and technology solutions. The company is headquartered in Atlanta, Georgia and currently employs 12,900 full-time employees. The company went IPO on 2005-11-16. The firm operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment operates regulated marketplace technology for the listing, trading, and clearing of an array of derivatives contracts and financial securities. The Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics, and execution services, as well as global credit default swaps (CDS), clearing and multi-asset class data delivery technology. The Mortgage Technology segment provides a technology platform that offers customers digital workflow tools that aim to address the inefficiencies and mitigate risks that exist in the United States residential mortgage market life cycle, from application through closing, servicing, and the secondary market.

Industry: Security & Commodity Brokers, Dealers, Exchanges & Services Peers: Cboe Global Markets, Inc. CME GROUP INC. Coinbase Global, Inc. MOODYS CORP /DE/ FACTSET RESEARCH SYSTEMS INC S&P Global Inc. NASDAQ, INC. MSCI Inc. Tradeweb Markets Inc.