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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).
2000
12.9K+
LTM Revenue $9.4B
LTM EBITDA $6.2B
$118B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Intercontinental Exchange has a last 12-month revenue of $9.4B and a last 12-month EBITDA of $6.2B.
In the most recent fiscal year, Intercontinental Exchange achieved revenue of $11.8B and an EBITDA of $6.1B.
Intercontinental Exchange expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Intercontinental Exchange valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $9.9B | $11.8B | XXX | XXX | XXX |
| Gross Profit | $5.2B | $5.7B | XXX | XXX | XXX |
| Gross Margin | 53% | 48% | XXX | XXX | XXX |
| EBITDA | $4.9B | $6.1B | XXX | XXX | XXX |
| EBITDA Margin | 50% | 52% | XXX | XXX | XXX |
| Net Profit | $1.4B | $2.4B | XXX | XXX | XXX |
| Net Margin | 15% | 20% | XXX | XXX | XXX |
| Net Debt | $16.3B | $21.7B | XXX | XXX | XXX |
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As of March 14, 2025, Intercontinental Exchange's stock price is $171.
Intercontinental Exchange has current market cap of $98.3B, and EV of $118B.
See Intercontinental Exchange trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $118B | $98.3B | XXX | XXX | XXX | XXX | $6.21 |
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Sign UpAs of March 14, 2025, Intercontinental Exchange has market cap of $98.3B and EV of $118B.
Intercontinental Exchange's trades at 12.5x LTM EV/Revenue multiple, and 19.1x LTM EBITDA.
Analysts estimate Intercontinental Exchange's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Intercontinental Exchange and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $118B | XXX | XXX | XXX |
| EV/Revenue | 10.0x | XXX | XXX | XXX |
| EV/EBITDA | 19.4x | XXX | XXX | XXX |
| P/E | 35.7x | XXX | XXX | XXX |
| P/E/Growth | 1.5x | XXX | XXX | XXX |
| EV/FCF | 30.5x | XXX | XXX | XXX |
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Sign UpIntercontinental Exchange's NTM/LTM revenue growth is 6%
Intercontinental Exchange's revenue per employee for the last fiscal year averaged $0.9M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Intercontinental Exchange's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Intercontinental Exchange's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Intercontinental Exchange and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 52% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 57% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.9M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 18% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ASX | XXX | XXX | XXX | XXX | XXX | XXX |
| Euroxx Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Athens Exchange Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Cboe Global Markets | XXX | XXX | XXX | XXX | XXX | XXX |
| Indian Energy Exchange | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Intercontinental Exchange acquired XXX companies to date.
Last acquisition by Intercontinental Exchange was XXXXXXXX, XXXXX XXXXX XXXXXX . Intercontinental Exchange acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Intercontinental Exchange founded? | Intercontinental Exchange was founded in 2000. |
| Where is Intercontinental Exchange headquartered? | Intercontinental Exchange is headquartered in United States of America. |
| How many employees does Intercontinental Exchange have? | As of today, Intercontinental Exchange has 12.9K+ employees. |
| Who is the CEO of Intercontinental Exchange? | Intercontinental Exchange's CEO is Mr. Jeffrey C. Sprecher. |
| Is Intercontinental Exchange publicy listed? | Yes, Intercontinental Exchange is a public company listed on NYS. |
| 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? | Similar companies to Intercontinental Exchange include e.g. ASX, Euroxx Securities, Athens Exchange Group, Cboe Global Markets. |
| What is the current market cap of Intercontinental Exchange? | Intercontinental Exchange's current market cap is $98.3B |
| What is the current revenue of Intercontinental Exchange? | Intercontinental Exchange's last 12-month revenue is $9.4B. |
| What is the current EBITDA of Intercontinental Exchange? | Intercontinental Exchange's last 12-month EBITDA is $6.2B. |
| What is the current EV/Revenue multiple of Intercontinental Exchange? | Current revenue multiple of Intercontinental Exchange is 12.5x. |
| What is the current EV/EBITDA multiple of Intercontinental Exchange? | Current EBITDA multiple of Intercontinental Exchange is 19.1x. |
| What is the current revenue growth of Intercontinental Exchange? | Intercontinental Exchange revenue growth between 2023 and 2024 was 19%. |
| Is Intercontinental Exchange profitable? | Yes, Intercontinental Exchange is EBITDA-positive (as of the last 12 months). |
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