Market Summary
USD105.16+0.05
Market Closed0.05%
ICE Alerts
ICE Stock Price
ICE RSI Chart
ICE Valuation
ICE Price/Sales (Trailing)
ICE Profitability
ICE Fundamentals
ICE Revenue
ICE Earnings
Price Action
52 Week Range
88.60113.07
(Low)(High)
Last 7 days
-2.7%
Last 30 days
0.5%
Last 90 days
2.6%
Trailing 12 Months
6.1%
ICE Financial Health
ICE Investor Care
Peers (Alternatives to Intercontinental Exchange)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CME | 68.9B | 5.1B | -4.47% | -5.86% | 25.61 | 13.73 | 6.93% | 2.07% |
ICE | 58.8B | 9.6B | 0.53% | 6.07% | 40.71 | 6.09 | 4.90% | -64.51% |
NDAQ | 26.6B | 6.2B | 0.17% | -63.94% | 23.22 | 4.27 | 7.85% | -2.39% |
TROW | 24.5B | 6.2B | -1.68% | -15.58% | 12.06 | 3.54 | -20.05% | -51.35% |
CBOE | 14.1B | 4.0B | -2.83% | 24.30% | 60.1 | 3.56 | 14.85% | -55.58% |
| MID-CAP | ||||||||
IBKR | 8.5B | 3.5B | 1.77% | 31.69% | 4.63 | 3.18 | 133.79% | 12.59% |
SEIC | 7.7B | 1.9B | 0.40% | 0.87% | 19.52 | 4.07 | -8.09% | -35.44% |
SF | 6.6B | 4.7B | -0.28% | -9.28% | 9.92 | 1.43 | -0.66% | -21.72% |
SNEX | 1.7B | 64.5B | -14.01% | 12.32% | 7.79 | 0.03 | 22.22% | 49.25% |
| SMALL-CAP | ||||||||
VIRT | 1.7B | 2.3B | -9.75% | -32.03% | 6.34 | 0.76 | -8.65% | -30.67% |
BGCP | 1.6B | 1.8B | - | 37.01% | 33.6 | 0.91 | -6.78% | -61.11% |
COWN | 1.1B | 1.5B | 0.39% | 32.10% | 14.3 | 0.71 | -27.22% | -74.14% |
AC | 879.5M | 16.9M | 6.91% | 2.30% | -58.76 | 52.07 | -24.32% | -161.15% |
WETF | 742.8M | 305.0M | 9.41% | -21.41% | 14.66 | 2.47 | -2.06% | 216.45% |
OPY | 410.9M | 1.2B | -2.60% | 5.15% | 10.91 | 0.35 | -9.34% | -70.93% |
Financials for Intercontinental Exchange
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 0.1% | 9,649 | 9,636 | 9,587 | 9,477 | 9,198 |
| Operating Expenses | 0.5% | 3,674 | 3,654 | 3,710 | 3,736 | 3,699 |
| S&GA Expenses | 8.4% | 245 | 226 | 218 | 216 | 219 |
| EBITDA | -29.7% | 3,455 | 4,913 | 5,991 | 7,124 | - |
| EBITDA Margin | -30.0% | 0.36* | 0.51* | 0.63* | 0.77* | - |
| Earnings Before Taxes | 0.9% | 1,825 | 1,808 | 3,353 | 4,504 | 5,697 |
| EBT Margin | -46.4% | 0.19* | 0.35* | 0.48* | 0.62* | - |
| Interest Expenses | 11.9% | 689 | 616 | 542 | 474 | 419 |
| Net Income | -0.1% | 1,444 | 1,446 | 2,548 | 3,372 | 4,069 |
| Net Income Margin | -43.5% | 0.15* | 0.27* | 0.36* | 0.44* | - |
| Free Cahsflow | 1.9% | 3,329 | 3,268 | 3,087 | 2,970 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | -22.0% | 151,550 | 194,338 | 211,292 | 215,207 | 208,488 |
| Current Assets | -27.1% | 114,336 | 156,947 | 173,712 | 176,375 | 169,378 |
| Cash Equivalents | -26.4% | 110,691 | 150,343 | 1,183 | 830 | 638 |
| Goodwill | 0.0% | 21,120 | 21,111 | 21,075 | 21,106 | 21,141 |
| Liabilities | -25.2% | 128,339 | 171,577 | 188,872 | 192,346 | 185,785 |
| Current Liabilities | -28.9% | 106,006 | 149,171 | 166,321 | 169,422 | 168,479 |
| . Short Term Borrowings | -99.8% | 4.00 | 1,777 | - | - | - |
| LT Debt, Current | -100.0% | - | 4.00 | 7.00 | 4.00 | 1,777 |
| LT Debt, Non Current | 0.0% | 18,123 | 18,118 | 18,113 | 18,109 | 12,401 |
| Shareholder's Equity | 2.2% | 23,211 | 22,706 | 22,379 | 22,861 | 22,703 |
| Retained Earnings | 2.8% | 15,362 | 14,943 | 14,731 | 15,135 | 14,793 |
| Additional Paid-In Capital | 0.5% | 14,388 | 14,313 | 14,269 | 14,201 | 14,153 |
| Shares Outstanding | 0% | 559 | 559 | 559 | 558 | 559 |
| Minority Interest | -20.0% | 44.00 | 55.00 | 41.00 | 47.00 | 36.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -2.9% | 3,451 | 3,554 | 3,455 | 3,241 | 3,145 |
| Share Based Compensation | 1.3% | 157 | 155 | 192 | 191 | 190 |
| Cashflow From Investing | 171.8% | 1,840 | 677 | -4,472 | 513 | -348 |
| Cashflow From Financing | -3043.4% | -57,870 | -1,841 | 57,233 | 76,002 | 74,816 |
| Dividend Payments | 2.6% | 875 | 853 | 826 | 800 | 774 |
| Buy Backs | -75.2% | 157 | 632 | 882 | 882 | 725 |
Risks for ICE
What is the probability of a big loss on ICE?
38.9%
Probability that Intercontinental Exchange stock will be more than 20% underwater in next one year
16.1%
Probability that Intercontinental Exchange stock will be more than 30% underwater in next one year.
0%
Probability that Intercontinental Exchange stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ICE drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Intercontinental Exchange was unfortunately bought at previous high price.
Drawdowns
Returns for ICE
Cumulative Returns on ICE
13.2%
10-Year Cumulative Returns
11.2%
7-Year Cumulative Returns
9.4%
5-Year Cumulative Returns
4.7%
3-Year Cumulative Returns
What are the long-term rolling returns for ICE?
FIve years rolling returns for Intercontinental Exchange.
Annualized Returns
Which funds bought or sold ICE recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-24 | Old North State Trust, LLC | unchanged | - | - | 40,000 | 0.03% |
2023-05-23 | Capital Impact Advisors, LLC | sold off | -100 | -154,808 | - | -% |
2023-05-23 | Seaport Global Advisors, LLC | added | 13.04 | 27,807 | 214,316 | 0.68% |
2023-05-23 | Toroso Investments, LLC | added | 108 | 5,555,000 | 10,510,000 | 0.18% |
2023-05-23 | Brookfield Corp /ON/ | reduced | -44.62 | -1,666,760 | 2,147,020 | 0.01% |
2023-05-23 | Front Row Advisors LLC | added | 0.3 | 2,000 | 71,000 | 0.03% |
2023-05-22 | AMERIPRISE FINANCIAL INC | added | 4.31 | 25,944,900 | 455,729,000 | 0.15% |
2023-05-22 | FDx Advisors, Inc. | unchanged | - | - | 1,988,000 | 0.09% |
2023-05-22 | UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGMENT CO | sold off | -100 | -271,000 | - | -% |
2023-05-22 | PUTNAM INVESTMENTS LLC | reduced | -1.81 | -6,004 | 3,225,270 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
ICE Alerts
Intercontinental Exchange News
Schedule 13G FIlings of Intercontinental Exchange
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 8.13% | 45,388,511 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 7.4% | 41,053,701 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 8.3% | 46,929,022 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 2.6% | 15,133,169 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 7.65% | 42,921,518 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 6.5% | 36,684,959 | SC 13G/A | |
| Feb 14, 2020 | price t rowe associates inc /md/ | 5.0% | 28,162,140 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 7.73% | 43,089,526 | SC 13G/A | |
| Feb 05, 2020 | blackrock inc. | 7.0% | 39,062,660 | SC 13G/A |
ICE Fair Value
Intercontinental Exchange fair value in different scenarios
The table shows the Fair Value estimates for Intercontinental Exchange for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 67.64 -35.68% | 84.38 -19.76% | 114.98 9.34% | 163.02 55.02% | 191.31 81.92% |
| Current Inflation | 61.80 -41.23% | 75.94 -27.79% | 101.39 -3.59% | 141.49 34.55% | 164.80 56.71% |
| Very High Inflation | 54.63 -48.05% | 65.81 -37.42% | 85.49 -18.70% | 116.73 11.00% | 134.58 27.98% |
Historical Intercontinental Exchange Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Intercontinental Exchange
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 25, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 144 | Notice of Insider Sale Intent | |
| May 23, 2023 | 144 | Notice of Insider Sale Intent | |
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for ICE
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-23 | Foley Douglas | sold | -173,568 | 108 | -1,600 | svp, hr & administration |
2023-05-19 | Silver Caroline Louise | acquired | - | - | 2,267 | - |
2023-05-19 | NOONAN THOMAS E | acquired | - | - | 2,036 | - |
2023-05-19 | Hague William Jefferson | acquired | - | - | 2,267 | - |
2023-05-19 | Bowen Sharon | acquired | - | - | 2,036 | - |
2023-05-19 | Mulhern Mark F | acquired | - | - | 2,036 | - |
2023-05-19 | Farooqui Duriya M | acquired | - | - | 2,036 | - |
2023-05-19 | Cooper Shantella E. | acquired | - | - | 2,036 | - |
2023-05-19 | Tirinnanzi Martha A | acquired | - | - | 2,036 | - |
2023-05-19 | SPRIESER JUDITH A | acquired | - | - | 2,267 | - |
Intercontinental Exchange, Inc., together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The company operates marketplaces for listing, trading, and clearing an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange, and equities, as well as corporate and exchange-traded funds; trading venues, including 13 regulated exchanges and 6 clearing houses; and offers futures and options products for energy, agricultural and metals, financial, cash equities and equity, over-the-counter, and other markets, as well as listings and data and connectivity services. It also provides fixed income data and analytic, fixed income execution, CDS clearing, and other multi-asset class data and network services. In addition, the company offers proprietary and comprehensive mortgage origination platform, which serves residential mortgage loans; closing solutions that provides customers connectivity to the mortgage supply chain and facilitates the secure exchange of information; data and analytics services; and Data as a Service for lenders to access data and origination information. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.
ICE Income Statement
2023-03-31Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Revenues: | ||
| Total revenues | $ 2,472 | $ 2,459 |
| Transaction-based expenses: | ||
| Section 31 fees | 119 | 51 |
| Cash liquidity payments, routing and clearing | 457 | 509 |
| Total revenues, less transaction-based expenses | 1,896 | 1,899 |
| Operating expenses: | ||
| Compensation and benefits | 352 | 359 |
| Professional services | 28 | 34 |
| Acquisition-related transaction and integration costs | 21 | 9 |
| Technology and communication | 172 | 175 |
| Rent and occupancy | 20 | 21 |
| Selling, general and administrative | 74 | 55 |
| Depreciation and amortization | 260 | 254 |
| Total operating expenses | 927 | 907 |
| Operating income | 969 | 992 |
| Other income/(expense): | ||
| Interest income | 91 | 1 |
| Interest expense | (176) | (103) |
| Other expense, net | (35) | (58) |
| Total other income/(expense), net | (120) | (160) |
| Income before income tax expense | 849 | 832 |
| Income tax expense | 175 | 165 |
| Net income | 674 | 667 |
| Net income attributable to non-controlling interest | (19) | (10) |
| Net income attributable to Intercontinental Exchange, Inc. | $ 655 | $ 657 |
| Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders: | ||
| Basic (in dollars per share) | $ 1.17 | $ 1.17 |
| Diluted (in dollars per share) | $ 1.17 | $ 1.16 |
| Weighted average common shares outstanding: | ||
| Basic (in shares) | 559 | 561 |
| Diluted (in shares) | 561 | 564 |
| Exchanges | ||
| Revenues: | ||
| Total revenues | $ 1,673 | $ 1,643 |
| Fixed income and data services | ||
| Revenues: | ||
| Total revenues | 563 | 509 |
| Mortgage technology | ||
| Revenues: | ||
| Total revenues | $ 236 | $ 307 |
ICE Balance Sheet
2023-03-31Consolidated Balance Sheets - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 2,069 | $ 1,799 |
| Short-term restricted cash and cash equivalents | 6,145 | 6,149 |
| Cash and cash equivalent margin deposits and guaranty funds | 102,072 | 141,990 |
| Invested deposits, delivery contracts receivable and unsettled variation margin | 1,897 | 5,382 |
| Customer accounts receivable, net of allowance for doubtful accounts of $21 and $22 at March 31, 2023 and December 31, 2022, respectively | 1,650 | 1,169 |
| Prepaid expenses and other current assets | 503 | 458 |
| Total current assets | 114,336 | 156,947 |
| Property and equipment, net | 1,727 | 1,767 |
| Other non-current assets: | ||
| Goodwill | 21,120 | 21,111 |
| Other intangible assets, net | 12,946 | 13,090 |
| Long-term restricted cash and cash equivalents | 405 | 405 |
| Other non-current assets | 1,016 | 1,018 |
| Total other non-current assets | 35,487 | 35,624 |
| Total assets | 151,550 | 194,338 |
| Current liabilities: | ||
| Accounts payable and accrued liabilities | 949 | 866 |
| Section 31 fees payable | 118 | 223 |
| Accrued salaries and benefits | 146 | 352 |
| Deferred revenue | 562 | 170 |
| Short-term debt | 0 | 4 |
| Margin deposits and guaranty funds | 102,072 | 141,990 |
| Invested deposits, delivery contracts payable and unsettled variation margin | 1,897 | 5,382 |
| Other current liabilities | 262 | 184 |
| Total current liabilities | 106,006 | 149,171 |
| Non-current liabilities: | ||
| Non-current deferred tax liability, net | 3,409 | 3,493 |
| Long-term debt | 18,123 | 18,118 |
| Accrued employee benefits | 157 | 160 |
| Non-current operating lease liability | 233 | 254 |
| Other non-current liabilities | 411 | 381 |
| Total non-current liabilities | 22,333 | 22,406 |
| Total liabilities | 128,339 | 171,577 |
| Commitments and contingencies | ||
| Intercontinental Exchange, Inc. stockholders’ equity: | ||
| Preferred stock, $0.01 par value; 100 shares authorized; none issued or outstanding | 0 | 0 |
| Common stock, $0.01 par value; 1,500 shares authorized; 635 and 634 issued at March 31, 2023 and December 31, 2022, respectively, and 559 shares outstanding for both March 31, 2023 and December 31, 2022 | 6 | 6 |
| Treasury stock, at cost; 76 and 75 shares at March 31, 2023 and December 31, 2022, respectively | (6,274) | (6,225) |
| Additional paid-in capital | 14,388 | 14,313 |
| Retained earnings | 15,362 | 14,943 |
| Accumulated other comprehensive loss | (315) | (331) |
| Total Intercontinental Exchange, Inc. stockholders’ equity | 23,167 | 22,706 |
| Non-controlling interest in consolidated subsidiaries | 44 | 55 |
| Total equity | 23,211 | 22,761 |
| Total liabilities and equity | $ 151,550 | $ 194,338 |