The Company in a Nutshell
| Date Reviewed | 08/19/2025 |
| Company Name | Intercontinental Exchange Inc |
| Symbol | ICE |
| Sector | Financials |
| Industry | Financial Data & Stock Exchanges |
| Beta | 1.08 |
| PRO Rating | 3 |
| Dividend Safety | 3 |
Business Model
Intercontinental Exchange, Inc. provides financial technology and data services across major asset classes, helping its customers access workflow tools that increase transparency and efficiency. Its Exchanges segment operates regulated marketplace technology for the listing, trading and clearing of an array of derivatives contracts and financial securities as well as data and connectivity services related to its exchanges and clearing houses. Its 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. Its Mortgage Technology segment provides a technology platform that offers customers comprehensive, digital workflow tools that aim to address inefficiencies and mitigate risks that exist in the United States residential mortgage market life cycle, from application through closing, servicing and the secondary market.
| Current price | 157.8 |
| ROE | 10.30 % |
| ROIC | 6.85 % |
| Shareholder Yield | 0.20 % |
| 5-Yr Total Return | 69.60 % |
| 1-Yr Total Return | -4.60 % |
| Next Earnings Date | 10-30-25 |
Latest Quarter Information
What the CEO said:
We are pleased to report our second quarter results, which were highlighted by another quarter of record revenues and double-digit earnings per share growth. Amidst a backdrop of continued volatility and uncertainty, our strong second quarter performance reflects the 'all-weather' nature of our business model and the value of our markets, technology, and data services. As we look to the second half of the year and beyond, ICE's diverse platform is well positioned to continue to serve our customers, generate growth and create value for our stockholders.
What we say:
2025-08-18, ICE reported good results for 2Q'25, with net revenue of $2.5B, representing a 10% increase YoY, and adjusted DEPS of $1.81, a 19% increase YoY. Q2 consolidated adjusted operating income was $1.6B, with a 61% operating margin. Q2 Segment net revenues - Exchanges: $1.4B, Fixed Income and Data Services: $597M, and Mortgage Technology: $531M. The company's CFO stated that the strong performance in the first half of the year allowed for reinvestment in the business and the return of over $1B to stockholders, including $496M in share repurchases. ICE also updated its financial guidance, projecting full-year 2025 Exchanges recurring revenue growth to be between 4% and 5%.
Investment Thesis
Dividend Triangle
| 5-Yr Rev. Growth | 10.35 % |
| 5-Yr EPS Growth | 7.50 % |
| 5-Yr Div Growth | 10.30 % |
Potential Risks
| Debt/Equity | 0.75 |
| Financial Debt to EBITDA (TTM) | 3.00 |
| Current Ratio (Quarterly) | 1.00 |
| Credit Score | 80 |
Dividend Growth Perspective
| Dividend ($) | 1.92 |
| Dividend Yield Fwd | 1.20 % |
| Dividend Frequency | Quarterly |
| Average 5-Yr Yield | 1.25 % |
| Payout Ratio (%) | 37.75 |
| Cash Payout Ratio (%) | 26.35 |
| DGR 1-Yr | 6.90 |
| DGR 3-Yr | 8.15 |
| DGR 5-Yr | 10.30 |
| DGR Streak | 10 |
| Chowder Score | 11.50 |
| Next DVD PMT | 12-31-25 |
Valuation
(Data for `ddm_growth_rate_years` field are missing to build DDM tables)
Video Tutorial: How to Read the Stock Cards DDM Valuation
| Market Cap | 90 B |
| PE Ratio | 30.10 |
| Fwd PE | 21.10 |
| Price to Book Ratio | 3.15 |
| DDM Valuation | 0 |
| Average 5-Yr PE | 30.21 |
| Value Score | 34 |