Intercontinental Exchange (ICE) Stock Analysis

November 11, 2026

This is a peer-relative look at Intercontinental Exchange (ICE): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Financial Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Intercontinental Exchange (ICE)
Profile Item	ICE
Name	Intercontinental Exchange, Inc.
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Financial Services
GICS Industry	Capital Markets
GICS Sub-Industry	Financial Exchanges & Data
Market Capitalization	96.27 billion USD
Currency	USD
Exchange	NYSE
Listing Date	November 16, 2005
Security Type	Common Stock

Price Performance

Cumulative Growth

ICE

GSPC

Intercontinental Exchange (ICE) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Intercontinental Exchange (ICE) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Intercontinental Exchange (ICE) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Intercontinental Exchange (ICE) metric values compared with Financial Services industry-group medians
Metric	Current stock: ICE	Industry group median
Total Return (1Y)	18.71%	1.90%
Total Return (3Y, Annualized)	18.62%	12.71%
Total Return (5Y, Annualized)	6.59%	2.81%

Risk Profile

Drawdown History

ICE

GSPC

Intercontinental Exchange (ICE) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Intercontinental Exchange (ICE) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Intercontinental Exchange (ICE) metric values compared with Financial Services industry-group medians
Metric	Current stock: ICE	Industry group median
Volatility (1Y, Annualized)	25.87%	36.24%
Beta (5Y)	0.82	1.04
Max Drawdown (5Y)	-33.97%	-48.56%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. ICE is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Intercontinental Exchange (ICE) metric values compared with Financial Services industry-group medians
Metric	Current stock: ICE	Industry group median
Sharpe Ratio (1Y)	0.56	-0.09
Sortino Ratio (1Y)	0.80	-0.13

Profitability

ROE (TTM)

Intercontinental Exchange (ICE) posts ROE of 14.40%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

ICE

Financial Services industry group

14.40%

Group distribution

Max: 44.78%
Q3: 21.85%
ICE: 14.40%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

Largest peers

MA: 231.37%
V: 63.51%
MS: 18.04%
GS: 17.71%
ICE: 14.40%
BRK.A: 12.12%
BRK.B: 12.12%

Where Intercontinental Exchange (ICE) stands on ROE within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Intercontinental Exchange (ICE) keeps 38.14% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

ICE

Financial Services industry group

38.14%

Group distribution

Max: 62.84%
ICE: 38.14%
Q3: 28.05%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

Largest peers

V: 51.20%
MA: 46.73%
ICE: 38.14%
GS: 31.21%
MS: 25.63%
BRK.A: 22.30%
BRK.B: 22.30%

Where Intercontinental Exchange (ICE) stands on net margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Intercontinental Exchange (ICE) turns 52.77% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

ICE

Financial Services industry group

52.77%

Group distribution

Max: 107.33%
Q3: 55.90%
ICE: 52.77%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

Largest peers

V: 63.73%
MA: 60.53%
ICE: 52.77%
MS: 39.00%
GS: 38.37%
BRK.A: 32.56%
BRK.B: 32.56%

Where Intercontinental Exchange (ICE) stands on operating margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Intercontinental Exchange (ICE) metric values compared with Financial Services industry-group medians
Metric	Current stock: ICE	Industry group median
ROE (TTM)	14.40%	12.91%
ROA (TTM)	2.28%	3.60%
Net Margin (TTM)	38.14%	15.36%
Operating Margin (TTM)	52.77%	30.09%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Intercontinental Exchange (ICE) grew revenue 7.47%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Intercontinental Exchange (ICE): Revenue Growth across different time periods, set against Financial Services industry-group medians.

EPS Growth

Intercontinental Exchange (ICE) grew earnings per share 20.71%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Intercontinental Exchange (ICE): EPS Growth across different time periods, set against Financial Services industry-group medians.

Growth Metrics

Intercontinental Exchange (ICE) metric values compared with Financial Services industry-group medians
Metric	Current stock: ICE	Industry group median
Revenue Growth (YoY)	7.47%	9.46%
Revenue Growth (3Y CAGR)	9.47%	10.90%
EPS Growth (YoY)	20.71%	7.46%
EPS Growth (3Y CAGR)	30.77%	13.04%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Intercontinental Exchange (ICE) in Financial Services: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Intercontinental Exchange (ICE) in Financial Services: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Intercontinental Exchange (ICE) metric values compared with Financial Services industry-group medians
Metric	Current stock: ICE	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Intercontinental Exchange (ICE) has dividend yield of 1.17%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

ICE

Financial Services industry group

1.17%

Group distribution

Max: 9.77%
Q3: 3.92%
ICE: 1.17%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

Largest peers

MS: 2.40%
GS: 2.07%
ICE: 1.17%
V: 0.66%
MA: 0.53%
BRK.A: 0.00%
BRK.B: 0.00%

Where Intercontinental Exchange (ICE) stands on dividend yield within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Intercontinental Exchange (ICE) has payout ratio of 27.79%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

ICE

Financial Services industry group

27.79%

Group distribution

Max: 241.07%
Q3: 97.36%
ICE: 27.79%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

Largest peers

MS: 32.91%
ICE: 27.79%
GS: 25.88%
V: 21.75%
MA: 17.63%
BRK.A: 0.00%
BRK.B: 0.00%

Where Intercontinental Exchange (ICE) stands on payout ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Intercontinental Exchange (ICE) metric values compared with Financial Services industry-group medians
Metric	Current stock: ICE	Industry group median
Dividend Yield (TTM)	1.17%	1.09%
Dividend Payout Ratio (TTM)	27.79%	25.77%

Valuation

P/E Ratio (TTM)

Intercontinental Exchange (ICE) trades at P/E ratio of 23.47, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

ICE

Financial Services industry group

23.47

Group distribution

Max: 45.85
Q3: 24.64
ICE: 23.47
Median: 15.37
Q1: 9.68
Min: 0.16

Largest peers

V: 34.31
MA: 34.15
ICE: 23.47
MS: 14.39
BRK.A: 14.36
BRK.B: 14.36
GS: 12.45

Where Intercontinental Exchange (ICE) stands on P/E ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Intercontinental Exchange (ICE) trades at 8.82 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

ICE

Financial Services industry group

8.82

Group distribution

Max: 9.23
ICE: 8.82
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

Largest peers

V: 17.18
MA: 15.67
ICE: 8.82
MS: 3.55
GS: 3.52
BRK.A: 3.18
BRK.B: 3.18

Where Intercontinental Exchange (ICE) stands on P/S ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Intercontinental Exchange (ICE) trades at 3.22 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

ICE

Financial Services industry group

3.22

Group distribution

Max: 7.79
Q3: 3.63
ICE: 3.22
Median: 1.57
Q1: 0.81
Min: -0.39

Largest peers

MA: 84.30
V: 22.05
ICE: 3.22
MS: 2.65
GS: 2.36
BRK.A: 1.72
BRK.B: 0.00

Where Intercontinental Exchange (ICE) stands on P/B ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Intercontinental Exchange (ICE) metric values compared with Financial Services industry-group medians
Metric	Current stock: ICE	Industry group median
P/E Ratio (TTM)	23.47	15.37
P/S Ratio (TTM)	8.82	2.72
P/B Ratio (MRQ)	3.22	1.57
Free Cash Flow Yield (TTM)	--	--