Intercontinental Exchange, Inc. (ICE) Stock Price & Analysis
Intercontinental Exchange, Inc. (ICE) closed at USD 163.84 on Thursday, October 22, 2026, up 3.90% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 157.69; the Oct 22, 2026 session ranged USD 159.42–164.03 on volume of 4,734,872 shares. Market capitalization is $91.98B, with a 52-week range of USD 121.79–176.05 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ICE.md
Key facts (ICE)
- Last four reported quarters (through Jun 30, 2026): revenue $13.4B, net income $4.04B (30.1% margin), free cash flow $5.08B (SEC filings).
- Valuation: P/E 22.8x (avg 30.0x at the last 3 fiscal year-ends), EV/EBITDA 15.8x, net debt $18.8B.
- 7 of 80 tracked superinvestors hold ICE (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 1 new, 1 added, 4 reduced, 1 unchanged.
- Analysts: Buy (mean 1.94 on a 1–5 scale) (16 analysts), mean target USD 187.53 (range 160–243).
- Total return with dividends: 1Y +5.4% vs S&P 500 +14.9%; 5Y +33.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.97, revenue estimate $2.74B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ICE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $9.17B | $9.64B | $9.90B | $11.8B | $12.6B | $13.4B |
| Operating income | $3.45B | $3.64B | $3.69B | $4.31B | $4.93B | $5.47B |
| Net income | $4.06B | $1.45B | $2.37B | $2.75B | $3.31B | $4.04B |
| EPS (diluted) | $7.18 | $2.58 | $4.19 | $4.78 | $5.77 | — |
| Free cash flow | $2.94B | $3.33B | $3.35B | $4.20B | $4.29B | $5.08B |
| Operating margin | 37.6% | 37.8% | 37.3% | 36.6% | 39.0% | 40.7% |
| Net margin | 44.3% | 15.0% | 23.9% | 23.4% | 26.2% | 30.1% |
| Revenue growth | +11.2% | +5.1% | +2.8% | +18.8% | +7.5% | — |
| Cash + short-term investments | $607M | $1.80B | $899M | $844M | $837M | — |
| Total debt | $13.9B | $18.1B | $22.6B | $20.4B | $19.6B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ICE)
P/E 22.8x · P/S 6.8x · EV/EBITDA 15.8x · EV/Sales 8.3x · P/FCF 18.1x · P/B 3.1x · FCF yield 5.52% · Earnings yield 4.39% · Dividend yield (paid, TTM) 1.24% · Buyback yield (TTM) 2.17% · Net debt $18.8B · EV $111B
P/E at fiscal year-ends: Dec 2025 28.1x, Dec 2024 31.2x, Dec 2023 30.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (ICE)
7 of 80 tracked investors hold ICE (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| Ruane Cunniff | Ruane Cunniff LP | 4.90% | $315M | Reduced -3.0% | Q2 2026 |
| Bill Nygren | Oakmark Funds | 2.96% | $2.22B | Added +10.4% | Q2 2026 |
| AKO Capital | 2.88% | $124M | Reduced -46.3% | Q2 2026 | |
| William Von Mueffling | Cantillon Capital Management | 2.51% | $16.7M | Reduced -95.4% | Q2 2026 |
| John Armitage | Egerton Capital | 2.27% | $223M | New position | Q3 2026 |
| Viking Global | Viking Global Investors | 0.97% | $342M | Reduced -42.6% | Q2 2026 |
| Thomas Gayner | Markel Group | 0.03% | $3.6M | Unchanged | Q2 2026 |
Analysts (ICE)
Consensus Buy (mean 1.94 on a 1–5 scale), 16 analysts; mean target USD 187.53 (low 160, high 243).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Wells Fargo | Target raised | Underweight | $159 → $160 |
| 2026-10-12 | TD Cowen | Target raised | Hold | $166 → $167 |
| 2026-10-09 | Morgan Stanley | Target raised | Equal-Weight | $163 → $173 |
| 2026-10-07 | Barclays | Target raised | Overweight | $182 → $189 |
| 2026-10-05 | TD Cowen | Downgrade | Buy → Hold | $177 → $166 |
| 2026-10-02 | Wells Fargo | Initiated | Underweight | $159 |
| 2026-10-02 | Piper Sandler | Target raised | Overweight | $190 → $195 |
| 2026-07-31 | UBS | Target raised | Buy | $190 → $195 |
| 2026-07-31 | TD Cowen | Target raised | Buy | $159 → $177 |
| 2026-07-31 | Barclays | Target raised | Overweight | $180 → $182 |
| 2026-07-15 | Piper Sandler | Target lowered | Overweight | $211 → $190 |
| 2026-07-10 | Morgan Stanley | Target lowered | Equal-Weight | $187 → $163 |
Total return (dividends reinvested) (ICE)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +5.4% | +33.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +5.5% | +5.8% |
| Volatility (annualized) | 25.5% | 22.9% |
| Max drawdown | -29.3% (Jan 2026→Jun 2026) | -34.1% (Oct 2021→Jun 2022) |
Companies that name ICE in their SEC reports
| Relationship to ICE | Company | Filing | Sentence |
|---|---|---|---|
| partner | Bakkt, Inc. (BKKT) | 10-K Mar 19, 2026 | “On March 17, 2025, we entered into an agreement with ICE, a significant stockholder of ours, whereby ICE agreed to purchase all of the outstanding equity interests of Bakkt Trust in exchange for $1.5 million plus the assumption of Bakkt Trust's regulatory capital requirement, which was approximately $3.0 million as of signing, and certain operating” |
ICE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.97 | $1.88 | +4.8% | $2.74B | 13 |
| Next quarter (ends Dec 2026) | $1.97 | $1.94 | +1.4% | $2.73B | 12 |
| Current fiscal year (ends Dec 2026) | $8.18 | $8.03 | +2.0% | $11.08B | 15 |
| Next fiscal year (ends Dec 2027) | $8.88 | $8.72 | +1.9% | $11.72B | 15 |
ICE options: expected move
Options price a move of about ±4.5% (±$7.38) by Oct 30, 2026, which includes earnings on Oct 29, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 37.6% | ±4.5% |
| Nov 6, 2026 | 14 | 31.5% | ±5.2% |
| Nov 13, 2026 | 21 | 29.5% | ±5.8% |
| Nov 20, 2026 | 28 | 28.6% | ±6.5% |
| Nov 27, 2026 | 35 | 28.7% | ±7.2% |
| Dec 4, 2026 | 42 | 27.8% | ±7.6% |
| Dec 18, 2026 | 56 | 27.2% | ±8.6% |
| Jan 15, 2027 | 84 | 26.0% | ±10.0% |
30-day implied volatility 27.5% vs 21.6% realized over the last 30 trading days. Put/call ratio (volume) 0.11. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 163.84 |
|---|---|
| Change | ▲ 3.90% (up) |
| Previous Close | USD 157.69 |
| Open | USD 159.81 |
| Day Range | USD 159.42 – 164.03 |
| 52-Week Range | USD 121.79 – 176.05 |
| Volume | 4,734,872 shares |
| Market Cap | $91.98B |
| Exchange | NYQ |
Technical Analysis (ICE)
Nexqual's technical model rates ICE "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 62.14 (neutral) |
| vs SMA50 | Above (USD 156.97) |
| MACD | 1.43 (positive) |
Analyst Ratings (ICE)
Wall Street analysts rate ICE "Buy" based on 16 analysts, with a mean price target of USD 187.53 (range USD 160–243), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 187.53 |
| High Target | USD 243 |
| Low Target | USD 160 |
| Buy / Hold / Sell | 13 / 2 / 1 |
Earnings (ICE)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 1.97 |
| Revenue Estimate | $2.74B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.9 vs est 1.84 ▲ beat |
| 2026-03-31 | USD 2.35 vs est 2.26 ▲ beat |
| 2025-12-31 | USD 1.71 vs est 1.67 ▲ beat |
| 2025-09-30 | USD 1.71 vs est 1.61 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (ICE)
| Total Revenue | $10.56B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +4.80% |
| Gross Margin | +100.00% |
| Operating Margin | +52.63% |
| Profit Margin | +38.25% |
| ROE | +14.09% |
| Debt / Equity | 0.69 |
| Current Ratio | 1.01 |
| Total Cash | $1.07B |
| Total Debt | $20.53B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $5.08B (37.8% of revenue) |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (ICE)
Nexqual rates Intercontinental Exchange, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Solid — Revenue +7% YoY (annual) |
|---|---|
| Profitability | Strong — Operating margin 53% |
| Balance Sheet | Solid — $1.07B cash and investments vs $19.8B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $5.08B (last 4 quarters to Jun 2026, SEC), 38% margin |
| Efficiency | Mixed — ROE 14%, ROA 2.2% |
Ownership (ICE)
| Insider Ownership | +0.81% |
|---|---|
| Institutional Ownership | +96.75% |
| Shares Outstanding | 561.39M |
| Float | 557.54M |
| Short % of Float | +1.39% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (ICE)
Intercontinental Exchange, Inc. is led by Jeffrey C. Sprecher, Founder, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:26 UTC.
| Founder, Chairman & CEO | Jeffrey C. Sprecher |
|---|---|
| Chair of ICE Mortgage Technology & President | Benjamin R. Jackson |
| Chief Financial Officer | A. Warren Gardiner C.F.A. |
| President of ICE Fixed Income & Data Services | Christopher Scott Edmonds |
| President of NYSE Group and Chair of ICE Fixed Income & Data Services | Lynn C. Martin |
Major Backers & Investors (ICE)
Notable institutional backers of Intercontinental Exchange, Inc. include Harris Associates L.P., Morgan Stanley, Wellington Management, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Harris Associates L.P. | 3.22% |
| Morgan Stanley | 2.34% |
| Wellington Management | 2.1% |
| Price (T.Rowe) Associates Inc | 1.95% |
| NORGES BANK | 1.63% |
| Fidelity | 1.31% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.04% |
| Vanguard Group | 8.81% |
| State Street | 4.63% |
| Geode Capital | 2.28% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MCO | Moody's Corporation | USD 491.05 | ▲ 2.08% |
| CME | CME Group Inc. | USD 305.98 | ▲ 3.45% |
| SPGI | S&P Global Inc. | USD 453.1 | ▲ 2.24% |
| NDAQ | Nasdaq, Inc. | USD 103.3 | ▲ 7.47% |
| COIN | Coinbase Global, Inc. | USD 169.09 | ▼ 4.51% |
| MSCI | MSCI Inc. | USD 620.24 | ▲ 2.61% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt