ICE financial statements

The full income statement, balance sheet, and cash-flow statement for Intercontinental Exchange Inc. (ICE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 574.1M2024-09 574.2M2024-12 574.6M2025-03 573.6M2025-06 572.4M2025-09 570.2M2025-12 567.9M2026-03 565.5M2026-06 561.4M-2.2% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	12.6B YoY+7.5%	11.8B YoY+18.8%	9.90B YoY+2.8%	9.64B YoY+5.1%	9.17B YoY+11.2%
	5.00B YoY+0.6%	4.97B YoY+15.7%	4.29B YoY+17.5%	3.65B YoY-1.2%	3.70B YoY+23.1%
Selling, general & administrative	293M YoY-4.6%	307M YoY+15.4%	266M YoY+17.7%	226M YoY+5.1%	215M YoY+16.2%
Amortization of intangibles	994M YoY-1.8%	1.01B YoY+35.1%	749M YoY+22.8%	610M YoY-1.9%	622M YoY+60.3%
Provision for credit losses	9.00M YoY-47.1%	17.0M YoY+0.0%	17.0M YoY+54.5%	11.0M YoY-15.4%	13.0M YoY-18.8%
Operating income	4.93B YoY+14.4%	4.31B YoY+16.6%	3.69B YoY+1.5%	3.64B YoY+5.5%	3.45B YoY+13.7%
Interest expense	803M YoY-11.8%	910M YoY+12.6%	808M YoY+31.2%	616M YoY+45.6%	423M YoY+18.5%
Other non-operating income	101M YoY+14.8%	88.0M YoY+128.3%	-311M YoY+76.5%	-1.32B YoY-149.5%	2.67B YoY+3238.8%
Equity-method income	79.0M YoY+227.4%	-62.0M YoY+49.2%	-122M YoY+90.9%	-1.34B YoY-4041.2%	34.0M YoY-38.2%
Gain (loss) on equity securities	2.00M	—	—	—	—
Pre-tax income	4.35B YoY+19.8%	3.63B YoY+25.4%	2.89B YoY+60.1%	1.81B YoY-68.3%	5.70B YoY+106.0%
Income tax	976M YoY+18.2%	826M YoY+81.1%	456M YoY+47.1%	310M YoY-81.0%	1.63B YoY+147.6%
	3.31B YoY+20.4%	2.75B YoY+16.3%	2.37B YoY+63.8%	1.45B YoY-64.4%	4.06B YoY+94.3%
Net income to non-controlling interest	—	—	70.0M YoY+34.6%	52.0M YoY+372.7%	11.0M YoY-42.1%
	$5.77 YoY+20.7%	$4.78 YoY+14.1%	$4.19 YoY+62.4%	$2.58 YoY-64.1%	$7.18 YoY+90.5%
EPS (basic)	$5.79 YoY+20.6%	$4.80 YoY+14.3%	$4.20 YoY+62.2%	$2.59 YoY-64.1%	$7.22 YoY+90.5%
	572M YoY-0.2%	573M YoY+1.6%	564M YoY+0.9%	559M YoY-0.5%	562M YoY+1.8%
	575M YoY-0.2%	576M YoY+1.9%	565M YoY+0.7%	561M YoY-0.7%	565M YoY+1.8%
Dividends per share	$1.92 YoY+6.7%	$1.80 YoY+7.1%	$1.68 YoY+10.5%	$1.52 YoY+15.2%	$1.32 YoY+10.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	85.8B YoY-3.7%	89.1B YoY+4.9%	85.0B YoY-45.9%	157B YoY+1.7%	154B YoY+76.9%
Cash & equivalents	837M YoY-0.8%	844M YoY-6.1%	899M YoY-50.0%	1.80B YoY+196.4%	607M YoY+4.1%
Accounts receivable	1.55B YoY+4.2%	1.49B YoY+9.1%	1.37B YoY+16.9%	1.17B YoY-3.2%	1.21B YoY-1.8%
Prepaid expenses	786M YoY+10.2%	713M YoY+1.4%	703M YoY+53.5%	458M YoY-55.1%	1.02B YoY+216.1%
	137B YoY-1.8%	139B YoY+2.5%	136B YoY-30.0%	194B YoY+0.4%	194B YoY+53.3%
Operating lease right-of-use	578M YoY+95.9%	295M YoY-3.3%	305M YoY+9.7%	278M YoY+0.0%	278M YoY-18.0%
Goodwill	30.6B YoY+0.2%	30.6B YoY+0.1%	30.6B YoY+44.7%	21.1B YoY-0.1%	21.1B YoY-0.8%
Intangible assets	15.4B YoY-5.8%	16.3B YoY-5.8%	17.3B YoY+32.3%	13.1B YoY-4.7%	13.7B YoY-4.7%
Other non-current assets	48.4B YoY+0.5%	48.2B YoY-2.0%	49.2B YoY+38.1%	35.6B YoY-5.0%	37.5B YoY+0.6%
	84.1B YoY-6.1%	89.6B YoY+5.8%	84.6B YoY-43.3%	149B YoY-2.8%	153B YoY+74.3%
Accrued liabilities	1.08B YoY+2.6%	1.05B YoY+4.8%	1.00B YoY+15.8%	866M YoY+23.2%	703M YoY+10.0%
Deferred revenue	204M YoY-13.6%	236M YoY+18.0%	200M YoY+17.6%	170M YoY-12.4%	194M YoY+22.8%
Short-term & current debt	1.03B YoY-65.8%	3.03B YoY+54.9%	1.95B YoY-51.1%	4.00B YoY+163.0%	1.52B YoY-36.9%
Current lease liability	37.0M YoY+0.0%	37.0M YoY-38.3%	60.0M YoY-7.7%	65.0M YoY-9.7%	72.0M YoY+4.3%
Other current liabilities	118M YoY-31.8%	173M YoY+26.3%	137M YoY-25.5%	184M YoY+20.3%	153M YoY-1.3%
	108B YoY-3.4%	112B YoY+1.3%	110B YoY-35.7%	172B YoY+0.5%	171B YoY+60.2%
Long-term debt	18.6B YoY+7.3%	17.3B YoY-16.1%	20.7B YoY+14.0%	18.1B YoY+46.1%	12.4B YoY-12.2%
Deferred revenue (non-current)	88.0M YoY-9.3%	97.0M YoY-9.3%	107M YoY+27.4%	84.0M YoY-6.7%	90.0M YoY-10.9%
Non-current lease liability	635M YoY+89.6%	335M YoY+12.0%	299M YoY+17.7%	254M YoY+0.0%	254M YoY-20.6%
Operating lease liability (total)	672M YoY+80.6%	372M YoY+3.6%	359M YoY+12.5%	319M YoY-1.5%	324M YoY-16.7%
Deferred tax liabilities	4.00B YoY+2.4%	3.90B YoY-4.3%	4.08B YoY+16.8%	3.49B YoY-14.8%	4.10B YoY+15.1%
Other non-current liabilities	364M YoY-10.1%	405M YoY-8.2%	441M YoY+15.7%	381M YoY-3.3%	394M YoY+9.7%
Total non-current liabilities	23.8B YoY+7.3%	22.2B YoY-13.7%	25.7B YoY+14.6%	22.4B YoY+29.2%	17.3B YoY-6.6%
	28.9B YoY+4.6%	27.6B YoY+7.5%	25.7B YoY+13.3%	22.7B YoY-0.0%	22.7B YoY+16.5%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	7.00M YoY+0.0%	7.00M YoY+16.7%	6.00M YoY+0.0%	6.00M YoY+0.0%	6.00M YoY+0.0%
Additional paid-in capital	16.6B YoY+2.2%	16.3B YoY+2.1%	16.0B YoY+11.5%	14.3B YoY+1.7%	14.1B YoY+1.6%
Retained earnings	20.3B YoY+12.2%	18.1B YoY+10.5%	16.4B YoY+9.5%	14.9B YoY+4.1%	14.3B YoY+30.0%
Treasury stock	7.79B YoY+22.0%	6.38B YoY+1.3%	6.30B YoY+1.3%	6.22B YoY+12.8%	5.52B YoY+6.2%
Accumulated other comprehensive income	-224M YoY+33.7%	-338M YoY-15.0%	-294M YoY+11.2%	-331M YoY-68.9%	-196M YoY-2.1%
Non-controlling interest	54.0M YoY+5.9%	51.0M YoY-26.1%	69.0M YoY+25.5%	55.0M YoY+41.0%	39.0M YoY+8.3%
Total equity incl. non-controlling	29.0B YoY+4.6%	27.7B YoY+7.4%	25.8B YoY+13.3%	22.8B YoY+0.1%	22.7B YoY+16.5%
Total liabilities & equity	137B YoY-1.8%	139B YoY+2.5%	136B YoY-30.0%	194B YoY+0.4%	194B YoY+53.3%
	653M YoY+0.3%	651M YoY+0.3%	649M YoY+2.4%	634M YoY+0.5%	631M YoY+0.3%
	567M YoY-1.2%	574M YoY+0.2%	573M YoY+2.5%	559M YoY-0.4%	561M YoY+0.0%
	568M YoY-1.2%	575M YoY+0.3%	573M YoY+2.5%	559M YoY-0.5%	562M YoY+0.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.66B YoY+1.1%	4.61B YoY+30.1%	3.54B YoY-0.3%	3.55B YoY+13.8%	3.12B YoY+8.4%
Depreciation & amortization	1.56B YoY+1.5%	1.54B YoY+26.5%	1.22B YoY+17.8%	1.03B YoY+2.2%	1.01B YoY+34.4%
Intangible amortization	994M YoY-1.8%	1.01B YoY+35.1%	749M YoY+22.8%	610M YoY-1.9%	622M YoY+60.3%
Share-based compensation	238M YoY+3.0%	231M YoY-10.1%	257M YoY+65.8%	155M YoY-17.6%	188M YoY+35.3%
Deferred income taxes	82.0M YoY+157.7%	-142M YoY+56.8%	-329M YoY+44.5%	-593M YoY-210.4%	537M YoY+483.7%
Change in receivables	62.0M YoY-58.4%	149M YoY+109.9%	71.0M YoY+455.0%	-20.0M YoY-500.0%	5.00M YoY-96.6%
	-4.25B YoY-361.3%	-921M YoY+89.5%	-8.80B YoY-1399.4%	677M YoY+186.1%	-786M YoY+92.4%
Capital expenditure	373M YoY-8.1%	406M YoY+113.7%	190M YoY-15.6%	225M YoY+25.7%	179M YoY-13.5%
Free cash flow	4.29B YoY+2.0%	4.20B YoY+25.4%	3.35B YoY+0.7%	3.33B YoY+13.1%	2.94B YoY+10.1%
Acquisitions	19.0M YoY-50.0%	38.0M YoY-99.6%	10.2B YoY+17184.7%	59.0M YoY-10.6%	66.0M YoY-99.3%
Sales/maturities of investments	—	—	—	2.00M YoY+100.0%	1.00M YoY-75.0%
Other investing activities	-14.0M YoY+0.0%	-14.0M	0.00	0.00	0.00 YoY+100.0%
	-6.33B YoY-8117.7%	79.0M YoY+100.1%	-64.3B YoY-3395.1%	-1.84B YoY-103.0%	62.0B YoY+138.6%
Long-term debt issued	1.23B YoY+67.0%	739M YoY-69.2%	2.40B YoY-69.6%	7.89B	0.00 YoY-100.0%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	1.29B	0.00	0.00 YoY-100.0%	632M YoY+152.8%	250M YoY-80.0%
Dividends paid	1.10B YoY+6.4%	1.04B YoY+8.8%	955M YoY+12.0%	853M YoY+14.2%	747M YoY+11.7%
Other financing activities	34.0M YoY+61.9%	21.0M YoY+31.3%	16.0M YoY-55.6%	36.0M YoY+2.9%	35.0M YoY-7.9%
FX effect on cash	32.0M YoY+328.6%	-14.0M YoY-300.0%	7.00M YoY+130.4%	-23.0M YoY-283.3%	-6.00M YoY-175.0%
Net change in cash	-5.89B YoY-256.9%	3.75B YoY+105.4%	-69.6B YoY-3040.1%	2.37B YoY-96.3%	64.4B YoY+247.3%
Interest paid	764M YoY-12.2%	870M YoY+19.7%	727M YoY+32.2%	550M YoY+35.5%	406M YoY+36.2%
Income taxes paid	1.10B YoY+14.9%	957M YoY+5.3%	909M YoY+3.1%	882M YoY-16.6%	1.06B YoY+64.6%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	92.0B YoY+7.4%	85.6B YoY+16.5%	73.5B YoY+28.3%	57.3B YoY-25.4%	76.8B YoY+18.7%
P/E	27.7× YoY-10.8%	31.1× YoY+2.3%	30.4× YoY+35.1%	22.5× YoY+18.8%	18.9× YoY-38.9%
P/S	7.3× YoY-0.0%	7.3× YoY-4.8%	7.6× YoY+27.9%	6.0× YoY-28.7%	8.4× YoY+6.7%
P/B	3.2× YoY+2.7%	3.1× YoY+7.3%	2.9× YoY+12.8%	2.6× YoY-24.3%	3.4× YoY+1.9%
P/FCF	21.4× YoY+5.3%	20.4× YoY-4.1%	21.2× YoY+21.1%	17.5× YoY-32.8%	26.1× YoY+7.8%
	3.6% YoY+12.0%	3.2% YoY-2.3%	3.3% YoY-26.0%	4.4% YoY-15.8%	5.3% YoY+63.7%
	4.7% YoY-5.0%	4.9% YoY+4.3%	4.7% YoY-17.4%	5.7% YoY+48.9%	3.8% YoY-7.2%
	1.2% YoY-1.9%	1.2% YoY-7.7%	1.3% YoY-11.7%	1.5% YoY+53.5%	0.97% YoY-7.3%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: ICE's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ICE filings on SEC EDGAR → Not investment advice.