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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 $9.6B
LTM EBITDA $6.3B
$121B
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 (LTM) of $9.6B and a last 12-month EBITDA of $6.3B.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $9.6B | XXX | $11.8B | XXX | XXX | XXX |
| Gross Profit | $9.6B | XXX | $6.5B | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 55% | XXX | XXX | XXX |
| EBITDA | $6.3B | XXX | $6.1B | XXX | XXX | XXX |
| EBITDA Margin | 66% | XXX | 52% | XXX | XXX | XXX |
| EBIT | $5.7B | XXX | $4.4B | XXX | XXX | XXX |
| EBIT Margin | 60% | XXX | 38% | XXX | XXX | XXX |
| Net Profit | $3.7B | XXX | $2.8B | XXX | XXX | XXX |
| Net Margin | 39% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $19.5B | XXX | XXX | XXX |
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As of May 30, 2025, Intercontinental Exchange's stock price is $180.
Intercontinental Exchange has current market cap of $103B, and EV of $121B.
See Intercontinental Exchange trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $121B | $103B | XXX | XXX | XXX | XXX | $6.42 |
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Start Free TrialAs of May 30, 2025, Intercontinental Exchange has market cap of $103B and EV of $121B.
Intercontinental Exchange's trades at 10.3x EV/Revenue multiple, and 19.9x EV/EBITDA.
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 28.0x.
See valuation multiples for Intercontinental Exchange and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $103B | XXX | $103B | XXX | XXX | XXX |
| EV (current) | $121B | XXX | $121B | XXX | XXX | XXX |
| EV/Revenue | 12.6x | XXX | 10.3x | XXX | XXX | XXX |
| EV/EBITDA | 19.1x | XXX | 19.9x | XXX | XXX | XXX |
| EV/EBIT | 21.2x | XXX | 27.3x | XXX | XXX | XXX |
| EV/Gross Profit | 12.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 28.0x | XXX | 37.5x | XXX | XXX | XXX |
| EV/FCF | 31.3x | XXX | 31.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialIntercontinental Exchange's last 12 month revenue growth is 7%
Intercontinental Exchange's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.2M for the same period.
Intercontinental Exchange's rule of 40 is 56% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Intercontinental Exchange's rule of X is 82% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Intercontinental Exchange and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | -5% | XXX | XXX | XXX |
| EBITDA Margin | 66% | XXX | 52% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | 56% | XXX | 58% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 82% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 18% | 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 |
Valuation data powered by FactSet, Inc.
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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Start Free Trial| 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 $103B |
| What is the current revenue of Intercontinental Exchange? | Intercontinental Exchange's last 12 months revenue is $9.6B. |
| 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 12.6x. |
| 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 $6.3B. |
| What is Intercontinental Exchange's EBITDA margin? | Intercontinental Exchange's last 12 months EBITDA margin is 66%. |
| What is the current EV/EBITDA multiple of Intercontinental Exchange? | Current EBITDA multiple of Intercontinental Exchange is 19.1x. |
| What is the current FCF of Intercontinental Exchange? | Intercontinental Exchange's last 12 months FCF is $3.9B. |
| What is Intercontinental Exchange's FCF margin? | Intercontinental Exchange's last 12 months FCF margin is 40%. |
| What is the current EV/FCF multiple of Intercontinental Exchange? | Current FCF multiple of Intercontinental Exchange is 31.3x. |
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