Intercontinental Exchange, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Intercontinental Exchange, Inc. reported revenue of $12.6B (+7.5% year on year) and net income of $3.4B (+20.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $12.6B | $11.8B | $9.9B | $9.6B |
| Section 31 fees | $412.0M | $679.0M | $293.0M | $499.0M |
| Cash liquidity payments, routing and clearing | $2.3B | $1.8B | $1.6B | $1.8B |
| Total revenues, less transaction-based expenses | $9.9B | $9.3B | $8.0B | $7.3B |
| Compensation and benefits | $2.0B | $1.9B | $1.6B | $1.4B |
| Professional services | $158.0M | $154.0M | $123.0M | $131.0M |
| Acquisition-related transaction and integration costs | $70.0M | $104.0M | $269.0M | $93.0M |
| Technology and communication | $870.0M | $848.0M | $734.0M | $683.0M |
| Rent and occupancy | $88.0M | $111.0M | $92.0M | $83.0M |
| Selling, general and administrative | $293.0M | $307.0M | $266.0M | $226.0M |
| Depreciation and amortization | $1.6B | $1.5B | $1.2B | $1.0B |
| Total operating expenses | $5.0B | $5.0B | $4.3B | $3.7B |
| Operating income | $4.9B | $4.3B | $3.7B | $3.6B |
| Interest income | $119.0M | $141.0M | $319.0M | $108.0M |
| Interest expense | ($803.0M) | ($910.0M) | ($808.0M) | ($616.0M) |
| Other income/(expense), net | $101.0M | $88.0M | ($311.0M) | ($1.3B) |
| Total other income/(expense), net | ($583.0M) | ($681.0M) | ($800.0M) | ($1.8B) |
| Income before income tax expense | $4.3B | $3.6B | $2.9B | $1.8B |
| Income tax expense | $976.0M | $826.0M | $456.0M | $310.0M |
| Net income | $3.4B | $2.8B | $2.4B | $1.5B |
| Net income attributable to non-controlling interests | ($55.0M) | ($48.0M) | — | — |
| Net income attributable to Intercontinental Exchange, Inc. | $3.3B | $2.8B | $2.4B | $1.4B |
| Basic (in dollars per share) | $5.79 | $4.80 | $4.20 | $2.59 |
| Diluted (in dollars per share) | $5.77 | $4.78 | $4.19 | $2.58 |
| Basic (in shares) | 572.0M | 573.0M | 564.0M | 559.0M |
| Diluted (in shares) | 575.0M | 576.0M | 565.0M | 561.0M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenues | $3.6B | $3.7B | $3.0B | $3.3B |
| Section 31 fees | $288.0M | $0 | $0 | $150.0M |
| Cash liquidity payments, routing and clearing | $657.0M | $689.0M | $596.0M | $569.0M |
| Total revenues, less transaction-based expenses | $2.7B | $3.0B | $2.4B | $2.5B |
| Compensation and benefits | $509.0M | $505.0M | $483.0M | $499.0M |
| Professional services | $37.0M | $35.0M | $39.0M | $41.0M |
| Acquisition-related transaction and integration costs | $12.0M | $41.0M | $9.0M | $10.0M |
| Technology and communication | $242.0M | $238.0M | $219.0M | $215.0M |
| Rent and occupancy | $23.0M | $24.0M | $23.0M | $20.0M |
| Selling, general and administrative | $63.0M | $85.0M | $77.0M | $66.0M |
| Depreciation and amortization | $389.0M | $384.0M | $387.0M | $395.0M |
| Total operating expenses | $1.3B | $1.3B | $1.2B | $1.2B |
| Operating income/(loss) | $1.4B | $1.7B | $1.2B | $1.3B |
| Interest income | $27.0M | $24.0M | $28.0M | $31.0M |
| Interest expense | ($205.0M) | ($203.0M) | ($192.0M) | ($201.0M) |
| Other income, net | $74.0M | $411.0M | $71.0M | $5.0M |
| Total other income/(expense), net | ($104.0M) | $232.0M | ($93.0M) | ($165.0M) |
| Income before income tax expense | $1.3B | $1.9B | $1.1B | $1.1B |
| Income tax expense | $312.0M | $465.0M | $250.0M | $267.0M |
| Net income | $975.0M | $1.4B | $831.0M | $865.0M |
| Net income attributable to non-controlling interests | ($17.0M) | ($19.0M) | ($15.0M) | ($14.0M) |
| Net income attributable to Intercontinental Exchange, Inc. | $958.0M | $1.4B | $816.0M | $851.0M |
| Basic (in dollars per share) | $1.70 | $2.49 | $1.43 | $1.49 |
| Diluted (in dollars per share) | $1.69 | $2.48 | $1.42 | $1.48 |
| Basic (in shares) | 564.0M | 567.0M | 572.0M | 573.0M |
| Diluted (in shares) | 566.0M | 570.0M | 574.0M | 575.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $837.0M | $844.0M | $899.0M | $1.8B |
| Short-term restricted cash and cash equivalents | $748.0M | $1.1B | $531.0M | $6.1B |
| Short-term restricted investments | $629.0M | $594.0M | $680.0M | — |
| Cash and cash equivalent margin deposits and guaranty funds | $76.8B | $82.1B | $79.0B | $142.0B |
| Invested deposits, delivery contracts receivable and unsettled variation margin | $4.4B | $2.2B | $1.8B | $5.4B |
| Customer accounts receivable, net of allowance for doubtful accounts of $21 at both December 31, 2025 and 2024 | $1.6B | $1.5B | $1.4B | $1.2B |
| Prepaid expenses and other current assets | $786.0M | $713.0M | $703.0M | $458.0M |
| Total current assets | $85.8B | $89.1B | $85.0B | $156.9B |
| Property and equipment, net | $2.7B | $2.2B | $1.9B | $1.8B |
| Goodwill | $30.6B | $30.6B | $30.6B | $21.1B |
| Other intangible assets, net | $15.4B | $16.3B | $17.3B | $13.1B |
| Long-term restricted cash and cash equivalents | $240.0M | $368.0M | $340.0M | $405.0M |
| Long-term restricted investments | $141.0M | — | — | — |
| Other non-current assets | $2.0B | $911.0M | $978.0M | $1.0B |
| Total other non-current assets | $48.4B | $48.2B | $49.2B | $35.6B |
| Total assets | $136.9B | $139.4B | $136.1B | $194.3B |
| Accounts payable and accrued liabilities | $1.1B | $1.1B | $1.0B | $866.0M |
| Section 31 fees payable | $0 | $316.0M | $79.0M | $223.0M |
| Accrued salaries and benefits | $455.0M | $438.0M | $459.0M | $352.0M |
| Deferred revenue | $204.0M | $236.0M | $200.0M | $170.0M |
| Short-term debt | $1.0B | $3.0B | $2.0B | $4.0M |
| Margin deposits and guaranty funds | $76.8B | $82.1B | $79.0B | $142.0B |
| Invested deposits, delivery contracts payable and unsettled variation margin | $4.4B | $2.2B | $1.8B | $5.4B |
| Other current liabilities | $118.0M | $173.0M | $137.0M | $184.0M |
| Total current liabilities | $84.1B | $89.6B | $84.6B | $149.2B |
| Non-current deferred tax liability, net | $4.0B | $3.9B | $4.1B | $3.5B |
| Long-term debt | $18.6B | $17.3B | $20.7B | $18.1B |
| Accrued employee benefits | $174.0M | $170.0M | $193.0M | $160.0M |
| Non-current operating lease liability | $635.0M | $335.0M | $299.0M | $254.0M |
| Other non-current liabilities | $364.0M | $405.0M | $441.0M | $381.0M |
| Total non-current liabilities | $23.8B | $22.2B | $25.7B | $22.4B |
| Total liabilities | $107.9B | $111.7B | $110.3B | $171.6B |
| Redeemable non-controlling interest in consolidated subsidiaries | $22.0M | $22.0M | — | — |
| Preferred stock, $0.01 par value; 100 shares authorized; none issued or outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value; 1,500 authorized; 653 and 567 shares issued and outstanding at December 31, 2025, respectively, and 651 and 574 shares issued and outstanding at December 31, 2024, respectively | 7.0M | 7.0M | 6.0M | 6.0M |
| Treasury stock, at cost; 86 and 77 shares at December 31, 2025 and December 31, 2024, respectively | -7.8B | -6.4B | -6.3B | — |
| Additional paid-in capital | $16.6B | $16.3B | $16.0B | $14.3B |
| Retained earnings | $20.3B | $18.1B | $16.4B | $14.9B |
| Accumulated other comprehensive loss | ($224.0M) | ($338.0M) | ($294.0M) | ($331.0M) |
| Total Intercontinental Exchange, Inc. stockholders’ equity | $28.9B | $27.6B | $25.7B | $22.7B |
| Non-controlling interests in consolidated subsidiaries | $54.0M | $51.0M | $69.0M | $55.0M |
| Total equity | $29.0B | $27.7B | $25.8B | $22.8B |
| Total liabilities and equity | $136.9B | $139.4B | $136.1B | $194.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1B | $863.0M | $850.0M | $1.0B |
| Short-term restricted cash and cash equivalents | $627.0M | $631.0M | $1.1B | $1.3B |
| Short-term restricted investments | $886.0M | $884.0M | $247.0M | $124.0M |
| Cash and cash equivalent margin deposits and guaranty funds | $114.6B | $117.6B | $83.6B | $86.2B |
| Invested deposits, delivery contracts receivable and unsettled variation margin | $2.3B | $4.0B | $2.6B | $2.9B |
| Customer accounts receivable, net of allowance for doubtful accounts of $18 and $21 at June 30, 2026 and December 31, 2025, respectively | $1.9B | $2.4B | $1.5B | $1.7B |
| Prepaid expenses and other current assets | $703.0M | $679.0M | $840.0M | $771.0M |
| Total current assets | $122.1B | $127.1B | $90.8B | $94.0B |
| Property and equipment, net | $2.9B | $2.7B | $2.4B | $2.4B |
| Goodwill | $30.6B | $30.6B | $30.6B | $30.7B |
| Other intangible assets, net | $14.9B | $15.1B | $15.6B | $15.8B |
| Long-term restricted cash and cash equivalents | $260.0M | $326.0M | $241.0M | $304.0M |
| Long-term restricted investments | $136.0M | $70.0M | $129.0M | $66.0M |
| Other non-current assets | $3.4B | $3.3B | $1.0B | $971.0M |
| Total other non-current assets | $49.3B | $49.4B | $47.6B | $47.8B |
| Total assets | $174.2B | $179.2B | $140.9B | $144.2B |
| Accounts payable and accrued liabilities | $1.2B | $1.3B | $1.0B | $1.1B |
| Section 31 fees payable | $286.0M | — | $0 | $409.0M |
| Accrued salaries and benefits | $280.0M | $161.0M | $342.0M | $267.0M |
| Deferred revenue | $567.0M | $640.0M | $361.0M | $509.0M |
| Short-term debt | $1.2B | $1.8B | $1.7B | $1.9B |
| Margin deposits and guaranty funds | $114.6B | $117.6B | $83.6B | $86.2B |
| Invested deposits, delivery contracts payable and unsettled variation margin | $2.3B | $4.0B | $2.6B | $2.9B |
| Other current liabilities | $154.0M | $200.0M | $125.0M | $173.0M |
| Total current liabilities | $120.6B | $125.7B | $89.8B | $93.4B |
| Non-current deferred tax liability, net | $4.1B | $4.1B | $4.0B | $3.8B |
| Long-term debt | $18.6B | $18.6B | $17.4B | $17.4B |
| Accrued employee benefits | $179.0M | $173.0M | $167.0M | $169.0M |
| Non-current operating lease liability | $681.0M | $615.0M | $476.0M | $458.0M |
| Other non-current liabilities | $406.0M | $383.0M | $403.0M | $415.0M |
| Total non-current liabilities | $24.0B | $23.9B | $22.4B | $22.2B |
| Total liabilities | $144.6B | $149.6B | $112.2B | $115.6B |
| Redeemable non-controlling interests in consolidated subsidiaries | $32.0M | $32.0M | $22.0M | $22.0M |
| Preferred stock, $0.01 par value; 100 shares authorized; none issued or outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value; 1,500 shares authorized; 655 and 561 shares issued and outstanding at June 30, 2026, respectively, and 653 and 567 shares issued and outstanding at December 31, 2025, respectively | 7.0M | 7.0M | 7.0M | 7.0M |
| Treasury stock, at cost; 94 and 86 shares at June 30, 2026 and December 31, 2025, respectively | -9.1B | -8.4B | -7.4B | -7.0B |
| Additional paid-in capital | $16.8B | $16.8B | $16.6B | $16.5B |
| Retained earnings | $22.1B | $21.4B | $19.7B | $19.2B |
| Accumulated other comprehensive loss | ($257.0M) | ($251.0M) | ($247.0M) | ($218.0M) |
| Total Intercontinental Exchange, Inc. stockholders’ equity | $29.6B | $29.5B | $28.6B | $28.4B |
| Non-controlling interests in consolidated subsidiaries | $69.0M | $52.0M | $43.0M | $61.0M |
| Total equity | $29.6B | $29.5B | $28.7B | $28.5B |
| Total liabilities and equity | $174.2B | $179.2B | $140.9B | $144.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $3.4B | $2.8B | $2.4B | $1.5B |
| Depreciation and amortization | $1.6B | $1.5B | $1.2B | $1.0B |
| Stock-based compensation | $238.0M | $231.0M | $257.0M | $155.0M |
| Deferred taxes | $82.0M | ($142.0M) | ($329.0M) | ($593.0M) |
| Fair value loss on Promissory Note | $0 | $0 | $160.0M | — |
| (Gain)/Loss on investments | ($55.0M) | ($1.0M) | — | — |
| Net (income)/losses from unconsolidated investees | ($79.0M) | $62.0M | — | — |
| Other | $50.0M | $55.0M | $63.0M | $41.0M |
| Customer accounts receivable | ($62.0M) | ($149.0M) | ($71.0M) | $20.0M |
| Other current and non-current assets | $46.0M | ($106.0M) | ($41.0M) | ($196.0M) |
| Section 31 fees payable | ($316.0M) | $237.0M | ($144.0M) | $166.0M |
| Deferred revenue | ($44.0M) | $27.0M | ($16.0M) | ($27.0M) |
| Other current and non-current liabilities | ($128.0M) | $54.0M | ($116.0M) | $160.0M |
| Total adjustments | $1.3B | $1.8B | $1.1B | $2.1B |
| Net cash provided by operating activities | $4.7B | $4.6B | $3.5B | $3.6B |
| Capital expenditures | ($373.0M) | ($406.0M) | ($190.0M) | ($225.0M) |
| Capitalized software development costs | ($418.0M) | ($346.0M) | ($299.0M) | ($257.0M) |
| Cash paid for acquisitions, net of cash acquired | ($19.0M) | ($38.0M) | ($10.2B) | ($59.0M) |
| Proceeds from sale of Promissory Note | $0 | $75.0M | — | — |
| Purchases of invested margin deposits | ($6.9B) | ($1.4B) | ($1.6B) | ($6.9B) |
| Proceeds from invested margin deposits | $4.6B | $1.1B | — | — |
| Purchases of equity and equity method investments | ($1.0B) | ($29.0M) | ($8.0M) | ($73.0M) |
| Proceeds from the sale of equity investments | $0 | $0 | $187.0M | $741.0M |
| Purchases of restricted investments | ($1.5B) | ($752.0M) | ($1.3B) | — |
| Proceeds from restricted investments | $1.3B | $855.0M | $641.0M | — |
| Other investing activities | $14.0M | $14.0M | — | $0 |
| Net cash used in investing activities | ($4.2B) | ($921.0M) | ($8.8B) | $677.0M |
| Proceeds from debt issuances | $1.2B | $739.0M | $2.4B | $7.9B |
| Repayments of debt | ($2.5B) | ($1.6B) | ($2.3B) | ($2.7B) |
| Proceeds from/(redemption of) commercial paper, net | $506.0M | ($1.4B) | $2.0B | ($1.0B) |
| Repurchases of common stock | ($1.3B) | $0 | $0 | ($632.0M) |
| Dividends paid to stockholders | ($1.1B) | ($1.0B) | ($955.0M) | ($853.0M) |
| Change in cash and cash equivalent margin deposits and guaranty funds liability | ($3.1B) | $3.5B | ($65.4B) | ($4.5B) |
| Payments relating to treasury shares received for restricted stock tax payments and stock option exercises | -103.0M | -81.0M | -78.0M | -73.0M |
| Other financing activities | $34.0M | $21.0M | $16.0M | $36.0M |
| Net cash provided by/(used in) financing activities | ($6.3B) | $79.0M | ($64.3B) | ($1.8B) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds | $32.0M | ($14.0M) | $7.0M | ($23.0M) |
| Net increase/(decrease) in cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds | ($5.9B) | $3.8B | ($69.6B) | $2.4B |
| Cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds at beginning of period | $84.5B | $80.8B | $150.3B | $148.0B |
| Cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds at end of period | $78.6B | $84.5B | — | — |
| Cash paid for interest | $764.0M | $870.0M | $727.0M | $550.0M |
| Cash paid for income taxes | $1.1B | $957.0M | $909.0M | $882.0M |
| Cash paid for amounts included in the measurement of operating lease liability | $72.0M | — | — | — |
| Lease liabilities arising from obtaining right-of-use assets | $334.0M | — | — | — |
| Cash and cash equivalents | $837.0M | $844.0M | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $2.4B | $1.4B | $2.5B | $1.7B |
| Depreciation and amortization | $773.0M | $384.0M | $1.2B | $784.0M |
| Stock-based compensation | $145.0M | $78.0M | $169.0M | $115.0M |
| Deferred taxes | $129.0M | $140.0M | $88.0M | ($109.0M) |
| Gain on investments | ($452.0M) | ($389.0M) | ($35.0M) | ($2.0M) |
| Net income from unconsolidated investees | ($43.0M) | ($26.0M) | ($75.0M) | ($35.0M) |
| Other | $24.0M | $12.0M | $41.0M | $27.0M |
| Customer accounts receivable | ($322.0M) | ($833.0M) | ($52.0M) | ($156.0M) |
| Other current and non-current assets | ($111.0M) | ($110.0M) | $20.0M | $24.0M |
| Section 31 fees payable | $286.0M | $0 | ($316.0M) | $93.0M |
| Deferred revenue | $362.0M | $435.0M | $112.0M | $264.0M |
| Other current and non-current liabilities | $126.0M | $203.0M | ($244.0M) | ($210.0M) |
| Total adjustments | $917.0M | ($106.0M) | $879.0M | $795.0M |
| Net cash provided by operating activities | $3.3B | $1.3B | $3.4B | $2.5B |
| Capital expenditures | ($208.0M) | ($64.0M) | ($207.0M) | ($145.0M) |
| Capitalized software development costs | ($230.0M) | ($112.0M) | ($318.0M) | ($211.0M) |
| Purchases of invested margin deposits | ($2.4B) | ($1.7B) | ($4.3B) | ($3.3B) |
| Proceeds from invested margin deposits | $3.6B | $1.4B | $3.5B | $2.2B |
| Cash paid for acquisitions, net of cash acquired | $0 | $0 | ($19.0M) | ($13.0M) |
| Purchases of equity and equity method investments | ($843.0M) | ($802.0M) | ($15.0M) | ($14.0M) |
| Purchases of restricted investments | ($1.4B) | ($748.0M) | ($693.0M) | ($314.0M) |
| Proceeds from restricted investments | $1.1B | $572.0M | $912.0M | $722.0M |
| Other investing activities | $24.0M | $34.0M | — | — |
| Net cash used in investing activities | ($279.0M) | ($1.4B) | ($1.2B) | ($1.1B) |
| Repayments of debt | $0 | — | ($1.3B) | ($1.3B) |
| Proceeds from commercial paper, net | $183.0M | $716.0M | ($112.0M) | $72.0M |
| Repurchases of common stock | ($1.2B) | ($551.0M) | ($894.0M) | ($496.0M) |
| Dividends paid to stockholders | ($591.0M) | ($297.0M) | ($831.0M) | ($555.0M) |
| Change in cash and cash equivalent margin deposits and guaranty fund liability | $36.6B | $41.1B | $2.3B | $5.2B |
| Shares withheld for taxes on employee equity awards | -96.0M | -95.0M | -103.0M | -98.0M |
| Other financing activities | $24.0M | $24.0M | ($26.0M) | $1.0M |
| Net cash provided by financing activities | $34.9B | $40.9B | ($932.0M) | $2.9B |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds | ($12.0M) | ($8.0M) | $30.0M | $35.0M |
| Net increase in cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds | $37.9B | $40.8B | $1.3B | $4.3B |
| Cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds at beginning of period | $78.6B | $78.6B | $84.5B | $84.5B |
| Cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds at end of period | $116.6B | $119.4B | $85.8B | $88.8B |
| Cash paid for interest | $384.0M | $209.0M | $583.0M | $393.0M |
| Cash paid for income taxes | $456.0M | $66.0M | $869.0M | $690.0M |
| Cash and cash equivalents | $1.1B | $863.0M | $850.0M | $1.0B |
| Short-term restricted cash and cash equivalents | $627.0M | $631.0M | $1.1B | $1.3B |
| Long-term restricted cash and cash equivalents | $260.0M | $326.0M | $241.0M | $304.0M |
| Cash and cash equivalent margin deposits and guaranty funds | $114.6B | $117.6B | $83.6B | $86.2B |
| Total | $116.6B | $119.4B | $85.8B | $88.8B |
Intercontinental Exchange, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.