How does Intercontinental Exchange (ICE) make money?

Intercontinental Exchange (ICE) primarily makes money through Fixed Income And Data Services Segment, which accounts for 51.1% of total revenue. For TTM through Q4 2025, Intercontinental Exchange generated $12.64B in total revenue with a net profit margin of 26.1%.

What is Intercontinental Exchange (ICE) gross profit margin?

Intercontinental Exchange (ICE) reported a gross profit margin of 61.9% for TTM through Q4 2025, equivalent to $7.82B in gross profit. This means Intercontinental Exchange retains 61.9% of each revenue unit after direct costs of production.

What is Intercontinental Exchange (ICE) operating profit margin?

Intercontinental Exchange (ICE) reported an operating profit margin of 38.7% for TTM through Q4 2025, equivalent to $4.90B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Intercontinental Exchange (ICE) net profit margin?

Intercontinental Exchange (ICE) reported a net profit margin of 26.1% for TTM through Q4 2025, equivalent to $3.30B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Intercontinental Exchange (ICE) spend on capital expenditures?

Intercontinental Exchange (ICE) spent $373.00M on capital expenditures in TTM through Q4 2025 (3.0% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Intercontinental Exchange (ICE) free cash flow?

Intercontinental Exchange (ICE) generated $4.29B in free cash flow for TTM through Q4 2025 (33.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Intercontinental Exchange (ICE) effective tax rate?

Intercontinental Exchange (ICE) had an effective tax rate of 22.8% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How Intercontinental Exchange (ICE) Makes Money: A Visual Guide

Intercontinental Exchange (ICE) generated $12.64B in revenue, earning $3.30B in net profit (26.1% margin). Its largest revenue source is Fixed Income And Data Services Segment (51.1% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Intercontinental Exchange (ICE) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 5, 2026).

Frequently asked questions

How does Intercontinental Exchange (ICE) make money?: Intercontinental Exchange (ICE) primarily makes money through Fixed Income And Data Services Segment, which accounts for 51.1% of total revenue. For TTM through Q4 2025, Intercontinental Exchange generated $12.64B in total revenue with a net profit margin of 26.1%.
What is Intercontinental Exchange (ICE) gross profit margin?: Intercontinental Exchange (ICE) reported a gross profit margin of 61.9% for TTM through Q4 2025, equivalent to $7.82B in gross profit. This means Intercontinental Exchange retains 61.9% of each revenue unit after direct costs of production.
What is Intercontinental Exchange (ICE) operating profit margin?: Intercontinental Exchange (ICE) reported an operating profit margin of 38.7% for TTM through Q4 2025, equivalent to $4.90B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Intercontinental Exchange (ICE) net profit margin?: Intercontinental Exchange (ICE) reported a net profit margin of 26.1% for TTM through Q4 2025, equivalent to $3.30B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Intercontinental Exchange (ICE) spend on capital expenditures?: Intercontinental Exchange (ICE) spent $373.00M on capital expenditures in TTM through Q4 2025 (3.0% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Intercontinental Exchange (ICE) free cash flow?: Intercontinental Exchange (ICE) generated $4.29B in free cash flow for TTM through Q4 2025 (33.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Intercontinental Exchange (ICE) effective tax rate?: Intercontinental Exchange (ICE) had an effective tax rate of 22.8% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.