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Intercontinental Exchange Valuation Multiples
Discover revenue and EBITDA valuation multiples for Intercontinental Exchange and similar public comparables like Moody's, CME Group, HKEX, London Stock Exchange Group and more.
Intercontinental Exchange Overview
About Intercontinental Exchange
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data-services segment (24% of net revenue).
Founded
2000
HQ
Employees
12.8K
Website
Financials (LTM)
EV
$110B
Intercontinental Exchange Financials
Intercontinental Exchange reported last 12-month revenue of $10B and EBITDA of $7B.
In the same LTM period, Intercontinental Exchange generated $7B in EBITDA and $4B in net income.
Revenue (LTM)
Intercontinental Exchange P&L
In the most recent fiscal year, Intercontinental Exchange reported revenue of $13B and EBITDA of $7B.
Intercontinental Exchange expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $10B | XXX | $13B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $7B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 56% | XXX | XXX | XXX |
| EBITDA | $7B | XXX | $7B | XXX | XXX | XXX |
| EBITDA Margin | 67% | XXX | 53% | XXX | XXX | XXX |
| EBIT Margin | 61% | XXX | 47% | XXX | XXX | XXX |
| Net Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Net Margin | 40% | XXX | 32% | XXX | XXX | XXX |
| Net Debt | — | — | $19B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Intercontinental Exchange Stock Performance
Intercontinental Exchange has current market cap of $94B, and enterprise value of $110B.
Market Cap Evolution
Intercontinental Exchange's stock price is $164.78.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $110B | $94B | 0.0% | XXX | XXX | XXX | $7.03 |
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Start Free TrialIntercontinental Exchange Valuation Multiples
Intercontinental Exchange trades at 10.9x EV/Revenue multiple, and 16.5x EV/EBITDA.
EV / Revenue (LTM)
Intercontinental Exchange Financial Valuation Multiples
As of March 16, 2026, Intercontinental Exchange has market cap of $94B and EV of $110B.
Equity research analysts estimate Intercontinental Exchange's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Intercontinental Exchange has a P/E ratio of 23.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $94B | XXX | $94B | XXX | XXX | XXX |
| EV (current) | $110B | XXX | $110B | XXX | XXX | XXX |
| EV/Revenue | 10.9x | XXX | 8.7x | XXX | XXX | XXX |
| EV/EBITDA | 16.5x | XXX | 16.4x | XXX | XXX | XXX |
| EV/EBIT | 18.1x | XXX | 18.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 15.5x | XXX | XXX | XXX |
| P/E | 23.0x | XXX | 23.4x | XXX | XXX | XXX |
| EV/FCF | 26.6x | XXX | 27.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Intercontinental Exchange Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Intercontinental Exchange Margins & Growth Rates
Intercontinental Exchange's revenue in the last 12 month grew by 7%.
Intercontinental Exchange's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.4M for the same period.
Intercontinental Exchange's rule of 40 is 74% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Intercontinental Exchange's rule of X is 84% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Intercontinental Exchange Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | (16%) | XXX | XXX | XXX |
| EBITDA Margin | 67% | XXX | 53% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 74% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 84% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | 48% | XXX | 17% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Intercontinental Exchange Public Comps
See public comps and valuation multiples for other Financial Data & Information and Stock Exchanges comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Moody's | XXX | XXX | XXX | XXX | XXX | XXX |
| CME Group | XXX | XXX | XXX | XXX | XXX | XXX |
| HKEX | XXX | XXX | XXX | XXX | XXX | XXX |
| London Stock Exchange Group | XXX | XXX | XXX | XXX | XXX | XXX |
| S&P Global | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Intercontinental Exchange M&A Activity
Intercontinental Exchange acquired XXX companies to date.
Last acquisition by Intercontinental Exchange was on XXXXXXXX, XXXXX. Intercontinental Exchange acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Intercontinental Exchange
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIntercontinental Exchange Investment Activity
Intercontinental Exchange invested in XXX companies to date.
Intercontinental Exchange made its latest investment on XXXXXXXX, XXXXX. Intercontinental Exchange invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Intercontinental Exchange
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Intercontinental Exchange
| When was Intercontinental Exchange founded? | Intercontinental Exchange was founded in 2000. |
| Where is Intercontinental Exchange headquartered? | Intercontinental Exchange is headquartered in United States. |
| How many employees does Intercontinental Exchange have? | As of today, Intercontinental Exchange has over 12K employees. |
| Who is the CEO of Intercontinental Exchange? | Intercontinental Exchange's CEO is Jeffrey C. Sprecher. |
| Is Intercontinental Exchange publicly listed? | Yes, Intercontinental Exchange is a public company listed on NYSE. |
| What is the stock symbol of Intercontinental Exchange? | Intercontinental Exchange trades under ICE ticker. |
| When did Intercontinental Exchange go public? | Intercontinental Exchange went public in 2005. |
| Who are competitors of Intercontinental Exchange? | Intercontinental Exchange main competitors are Moody's, CME Group, HKEX, London Stock Exchange Group. |
| What is the current market cap of Intercontinental Exchange? | Intercontinental Exchange's current market cap is $94B. |
| What is the current revenue of Intercontinental Exchange? | Intercontinental Exchange's last 12 months revenue is $10B. |
| What is the current revenue growth of Intercontinental Exchange? | Intercontinental Exchange revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Intercontinental Exchange? | Current revenue multiple of Intercontinental Exchange is 10.9x. |
| Is Intercontinental Exchange profitable? | Yes, Intercontinental Exchange is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Intercontinental Exchange? | Intercontinental Exchange's last 12 months EBITDA is $7B. |
| What is Intercontinental Exchange's EBITDA margin? | Intercontinental Exchange's last 12 months EBITDA margin is 67%. |
| What is the current EV/EBITDA multiple of Intercontinental Exchange? | Current EBITDA multiple of Intercontinental Exchange is 16.5x. |
| What is the current FCF of Intercontinental Exchange? | Intercontinental Exchange's last 12 months FCF is $4B. |
| What is Intercontinental Exchange's FCF margin? | Intercontinental Exchange's last 12 months FCF margin is 41%. |
| What is the current EV/FCF multiple of Intercontinental Exchange? | Current FCF multiple of Intercontinental Exchange is 26.6x. |
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