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Stock research / United States / ICE · Security & Commodity Brokers, Dealers, Exchanges & Services · NYSE

Intercontinental Exchange, Inc. (ICE)

Intercontinental Exchange provides technology and data to financial institutions, corporations and government entities, with products spanning futures, equities, fixed income and U.S. residential mortgages. It reports three segments, Exchanges, Fixed Income and Data Services, and Mortgage Technology. ICE was founded in 2000 around energy markets, and the majority of its identifiable assets are in the U.S. and the U.K.

Intercontinental Exchange, Inc.

Intercontinental Exchange provides technology and data to financial institutions, corporations and government entities, with products spanning futures, equities, fixed income and U.S. residential mortgages. It reports three segments, Exchanges, Fixed Income and Data Services, and Mortgage Technology. ICE was founded in 2000 around energy markets, and the majority of its identifiable assets are in the U.S. and the U.K.

Exchanges

This segment runs regulated marketplaces for the listing, trading and clearing of derivatives contracts and financial securities, covering commodities, interest rates, foreign exchange, equities, and corporate and exchange-traded funds. It operates 13 regulated exchanges and six clearing houses, positioned in the U.S., U.K., European Union, Canada, Asia Pacific and the Middle East. The segment accounted for 55% of consolidated revenues, less transaction-based expenses, in 2025.

Energy futures and options are built around the Brent crude oil contract, which the company describes as the cornerstone of a global oil network that today includes over 800 related crude and refined oil products. Natural gas benchmarks span North America, Europe and Asia, and the environmental markets have for over two decades carried risk management tools for carbon cap and trade programmes and renewable fuel standards. Agricultural and metals markets cover coffee, cocoa, cotton and sugar, plus precious metals. Financial futures and options include equity contracts on ICE's own indices and on indices from MSCI and FTSE, among them the MSCI Emerging Market Index and the NYSE FAANG+ Index, alongside an interest rate complex whose key products include Euribor, Gilts and the Sterling Overnight Index Average.

Cash equities and equity options trade on five registered securities exchanges including the New York Stock Exchange, across five cash equity and two options markets. Approximately 70% of S&P 500 companies were listed on the NYSE as of 31 December 2025, and the NYSE held 75%, or roughly $10.1 trillion, of exchange-traded fund assets under management at that date, which is client money rather than ICE's own.

Clearing

The six clearing houses each act as a central counterparty, becoming the buyer to every seller and the seller to every buyer for their clearing members, which limits counterparty credit risk for the duration of a position. Guaranty funds give partial protection if a clearing member defaults, and every clearing house other than ICE NGX Canada requires each clearing member to deposit into the relevant fund. ICE has contributed $381 million of its own cash to those funds, which is at risk in a member default, with ICE Clear Europe holding $297 million of it.

Fixed Income and Data Services

ICE Bonds provides electronic fixed income markets supporting click-to-trade, request for quotation and auctions including portfolio trading. ICE Clear Credit clears credit default swaps, supporting single-name CDS on over 700 reference entities and over 180 index CDS instruments. The data business runs end-of-day and continuous evaluated pricing on over three million fixed income securities spanning approximately 150 countries and 80 currencies, covering sovereign, corporate and municipal bonds, mortgage and asset-backed securities and leveraged loans, with a reference data offering alongside and the ICE Data Indices complex built on both. The ICE Global Network offers connectivity reaching over 150 trading venues and over 750 data sources. The segment accounted for 24% of consolidated revenues, less transaction-based expenses, in 2025.

Mortgage Technology

Built over the last nine years around the U.S. residential mortgage market, from application through closing, servicing and the secondary market, this segment accounted for 21% of consolidated revenues, less transaction-based expenses, in 2025. Origination technology is the system of record for a mortgage transaction, automating the gathering, reviewing and verifying of mortgage-related information and enforcing rules so a completed loan adheres to secondary market standards, and it is sold on recurring software-as-a-service subscription fees with transaction-based pricing once a lender exceeds the loans included in its monthly base subscription. Closing solutions digitise the closing and recording process for lenders, title and settlement agents and county recorders, and include the MERS database, the system of record for servicing rights and beneficial ownership interests in loans secured by U.S. residential real estate. Servicing software supports first lien mortgages, home equity loans and lines of credit on a single platform.

From Intercontinental Exchange's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Intercontinental Exchange became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 29 October 2026
Revenue
$3.6 billion
+20.7% on the year · +0.5% on the quarter
Q4 FY2024Q3 FY2026
Net income
$940 million
+15.2% on the year · -1.9% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.67
+17.6% on the year · -1.2% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 5 February 2026
Revenue
$12.6 billion
+7.5% on the year
FY2018FY2025
Net income
$3.3 billion
+20.4% on the year
FY2018FY2025
Diluted EPS
$5.77
+20.7% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsIntercontinental Exchange (ICE) reported revenue of $12.6 billion for fiscal 2025, the year ended 31 December 2025, up 7.5% on the year before. Net income was $3.3 billion and diluted earnings per share $5.77. Revenue was $11.8 billion in fiscal 2024, $9.9 billion in fiscal 2023, $9.6 billion in fiscal 2022 and $9.2 billion in fiscal 2021. Net income in the same years was $2.8 billion, $2.4 billion, $1.4 billion and $4.1 billion. Over the twelve months to 30 September 2026, Intercontinental Exchange reported revenue of $14.0 billion and net income of $4.2 billion. Revenue grew 8.9% a year, compounded, over the five years to fiscal 2025. Intercontinental Exchange declared $2.04 a share in dividends over the last four quarters and had 558 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Intercontinental Exchange was $96.1 billion, 23.5 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE13.9%
ROCE10.7%
Operating margin40.6%
Net margin29.6%
FCF margin37.6%
Interest cover6.8x
Debt to equity0.78x
Cash conversion1.38x
Share count, last 12 months-2.1%
Sales CAGR, 3 years9.5%
Profit CAGR, 3 years31.9%
EPS, TTM$7.33

At the close of 6 November 2026

Price$172.29
Market cap$96.1 billion
Stock P/E23.5x
Price to book3.2x
EV / EBITDA16.3x
Dividend yield1.2%
Market cap / sales6.8x
52-week high$175.10
52-week low$122.91
Price, 1 year16.8%
Price CAGR, 3 years16.8%
Price CAGR, 5 years4.8%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the total debt Intercontinental Exchange, Inc. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ICEgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2,3282,4592,4132,3872,3772,4722,3362,4292,6662,8012,8973,0333,0303,2293,2623,0073,1423,6663,6113,630
SG&A52.055.057.054.060.074.063.059.070.078.010054.075.076.066.077.074.085.063.074.0
Operating income8809928699138649699558459251,0631,0661,1031,0771,2211,2971,1741,2371,6651,3911,410
Operating margin38%40%36%38%36%39%41%35%35%38%37%36%36%38%40%39%39%45%39%39%
Interest expense102103161176176176175206251241233223213206201192204203205222
Pre-tax income2,109832739-3275648498476825169648618989051,0671,1321,0811,0661,8971,2871,242
Tax rate28%20%23%n/a22%21%4%18%24%19%26%25%22%24%24%23%19%25%24%23%
Net income1,527657555-1914256557995413737676326576987978518168511,413958940
Net margin66%27%23%-8%18%26%34%22%14%27%22%22%23%25%26%27%27%39%27%26%
Diluted EPS$2.70$1.16$0.99-$0.34$0.76$1.17$1.42$0.96$0.65$1.33$1.10$1.14$1.21$1.38$1.48$1.42$1.49$2.48$1.69$1.67
Operating cash flow9937569697371,0926531,1527689691,0091,1968981,5069661,5069151,2751,3261,9981,162
Capital expenditure62.036.034.055.010021.040.043.086.058.075.079.019485.060.062.016664.0144110
Free cash flow9317209356829926321,1127258839511,1218191,3128811,4468531,1091,2621,8541,052
Buybacks2504751570.00.00.00.00.00.00.00.00.00.0241255398400551651400
Dividends paid186214213213213236236241242258261261259278277276274297294293
Shares outstanding561m559m558m559m559m559m560m572m573m573m573m574m574m574m572m570m567m566m561m558m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,3271,3631,7304,3524,6825,9715,8346,2766,5478,2449,1689,6369,90311,76112,64014,049
Selling, general and administrative34.037.051.0143116116155151161185215226266307293296
Operating income7938277901,4481,7502,1722,3792,5832,6733,0333,4493,6383,6944,3094,9295,703
Operating margin59.8%60.7%45.7%33.3%37.4%36.4%40.8%41.2%40.8%36.8%37.6%37.8%37.3%36.6%39.0%40.6%
Interest expense35.039.056.096.097.0178187244285357423616808910803834
Pre-tax income7607905041,4071,6532,0432,5262,5202,4812,7665,6981,8082,8943,6284,3465,492
Income tax238228184402358586-28.05005216581,6293104568269761,267
Effective tax rate31.3%28.9%36.5%28.6%21.7%28.7%-1.1%19.8%21.0%23.8%28.6%17.1%15.8%22.8%22.5%23.1%
Net income5105522549811,2741,4302,5261,9881,9332,0894,0581,4462,3682,7543,3154,162
Net margin38.4%40.5%14.7%22.5%27.2%23.9%43.3%31.7%29.5%25.3%44.3%15.0%23.9%23.4%26.2%29.6%
Diluted EPS$1.38$1.50$0.64$1.71$2.28$2.39$4.25$3.43$3.42$3.77$7.18$2.58$4.19$4.78$5.77$7.33
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Exchangesn/an/a4,5734,6525,8395,8786,4156,3557,4418,12064.2%
Fixed Income and Data Servicesn/an/a1,6811,7561,8101,8832,0922,2312,2982,41919.1%
Mortgage Technologyn/an/a221395951,4071,1291,3172,0222,10116.6%
Data and Listings Segment2,4102,510n/an/an/an/an/an/an/an/an/a
Trading and Clearing Segment3,5613,333n/an/an/an/an/an/an/an/an/a
Exchanges FY2018 to FY2025Fixed Income and Data Services FY2018 to FY2025Mortgage Technology FY2018 to FY2025Trading and Clearing Segment FY2016 to FY2017Data and Listings Segment FY2016 to FY2017
5.8FY20176.5FY20199.2FY20219.9FY202312.6FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2016 to FY2025

The operating profit each segment reports. Costs Intercontinental Exchange does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Exchangesn/an/a2,1622,1672,3892,5232,8623,1593,6363,98249.0%
Fixed Income and Data Servicesn/an/a41643949252971981184393338.6%
Mortgage Technologyn/an/a56715239757-276-170140.7%
Data and Listings Segment8961,032n/an/an/an/an/an/an/an/an/a
Trading and Clearing Segment1,2761,347n/an/an/an/an/an/an/an/an/a
Exchanges FY2018 to FY2025Trading and Clearing Segment FY2016 to FY2017Fixed Income and Data Services FY2018 to FY2025Data and Listings Segment FY2016 to FY2017Mortgage Technology FY2018 to FY2025
2,379FY20172,673FY20193,449FY20213,694FY20234,929FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Exchanges64%81%
Fixed Income and Data Services19%19%
Mortgage Technology17%under 1%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Cash flow

FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow7137337141,4631,3112,1492,0852,5332,6592,8813,1233,5543,5424,6094,6625,761
Capital expenditure57.032.0134172190250220134153207179225190406373484
Free cash flow6567015801,2911,1211,8991,8652,3992,5062,6742,9443,3293,3524,2034,2895,277
Free cash flow margin49.4%51.4%33.5%29.7%23.9%31.8%32.0%38.2%38.3%32.4%32.1%34.5%33.8%35.7%33.9%37.6%
Cash from investing-615-118-2,52336.0-3,004-86092.0-1,755-1,740-10,361-786677-8,797-921-4,249-4,278
Cash from financing1051721,119-1,6731,976-1,462-1,971-463-42426,00062,026-1,841-64,34579.0-6,33431,405
Depreciation and amortisation1321311563333746105355866627511,0091,0311,2151,5371,5601,561
Share-based compensation53.052.064.097.0111124135130139139188155257231238441
Buybacks17553.00.064566050.09491,1981,4601,2472506320.00.01,2942,002
Dividends paid0.00.075.02993314094765556216697478539551,0391,1051,158
Dividend per share$0.00$0.00$0.13$0.52$0.58$0.68$0.80$0.96$1.10$1.20$1.32$1.52$1.68$1.80$1.92$2.04
Diluted shares, weighted370m365m395m575m560m599m594m579m565m555m565m561m565m576m575m563m
Shares outstanding at period endn/a365m575m565m595m594m583m569m554m561m561m559m573m574m567m558m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity3,1623,64412,34912,36014,80815,71716,92417,20117,25519,49822,70922,70625,71727,64728,91529,899
Non-controlling interestn/a33.032.032.032.037.028.030.031.036.039.055.069.051.054.048.0
Redeemable equityn/a0.032216535.036.00.071.078.093.00.00.00.022.022.030.0
Short-term borrowingsn/a163n/an/a2,5912,4931,833n/an/an/an/an/an/an/an/an/a
Debtn/a1,1325,0584,2897,3086,3646,1007,4417,81916,53713,91818,12222,61320,36819,64423,304
Operating lease liabilitiesn/an/an/an/an/an/an/a0.0281320252254299335635685
Other liabilitiesn/a32,24346,66151,43353,21357,35653,37968,04869,02989,716156,584153,20187,38691,00587,617123,064
Total liabilities and equityn/a37,21564,42268,27977,98782,00378,26492,79194,493126,200193,502194,338136,084139,428136,887177,030
Owned
Fixed assetsn/a1448898741,0371,1291,2461,2411,536n/an/an/an/an/an/an/a
Goodwill1,9031,9389,1898,53512,07912,29112,21613,08513,34221,29121,12321,11130,55330,59530,64630,664
Intangible assets8547999,3237,78010,75810,42010,26910,46210,25814,40813,73613,09017,31716,30615,35314,656
Investmentsn/a3913981,57932845516.0n/an/an/an/an/an/an/an/an/a
Cash and equivalents8239619611,2781,5471,3501,5687248415836071,799899844837936
Receivablesn/a1275465087007779039539881,2301,2081,1691,3661,4901,5521,879
Other assetsn/a32,85543,11647,72551,53855,58152,04666,32667,52888,688156,828157,16985,94990,19388,499128,895
Total assetsn/a37,21564,42268,27977,98782,00378,26492,79194,493126,200193,502194,338136,084139,428136,887177,030
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.4%8.9%9.5%12.1%
Profit growth, compounded10.0%9.7%31.9%31.6%
Return on equity, average11.2%11.0%10.2%11.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Intercontinental Exchange's revenue in fiscal 2025?

Intercontinental Exchange (ICE) reported revenue of $12.6 billion for fiscal 2025, the year ended 31 December 2025, up 7.5% on the year before.

How much did Intercontinental Exchange earn in fiscal 2025?

Net income was $3.3 billion for fiscal 2025, and diluted earnings per share $5.77.

What is Intercontinental Exchange's P/E ratio?

At the close of 6 November 2026, Intercontinental Exchange traded at 23.5 times its earnings over the twelve months to 30 September 2026.

What is Intercontinental Exchange's market cap?

The market cap of Intercontinental Exchange was $96.1 billion at the close of 6 November 2026.

Does Intercontinental Exchange pay a dividend?

Yes. Intercontinental Exchange declared $2.04 a share in dividends over the four quarters to 30 September 2026.

Peers: Trading

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
CME Group Inc. CME$109.7 billion25.1016.8%65.7%9.0%0.133.7%
Equinix Inc. EQIX$100.2 billion60.7911.3%22.5%11.1%1.572.0%
Intercontinental Exchange, Inc. ICE$96.1 billion23.5013.9%40.6%12.1%0.781.2%
Blackstone Inc. BX$90.8 billion26.5640.2%47.9%22.1%1.533.9%
American Tower Corp. AMT$87.7 billion26.6394.2%44.8%5.3%10.693.7%
KKR & Co. Inc. KKR$86.6 billion30.7210.2%n/a31.1%1.720.8%
Nasdaq, Inc. NDAQ$59.8 billion29.2717.4%29.7%11.9%0.731.1%
Cboe Global Markets, Inc. CBOE$36.8 billion25.1125.0%36.4%14.3%0.240.9%
Tradeweb Markets Inc. TW$29.7 billion29.9913.7%44.1%14.4%0.000.4%
LPL Financial Holdings Inc. LPLA$23.0 billion16.9524.0%9.2%31.0%1.340.4%
StoneX Group Inc. SNEX$6.5 billion9.3918.5%n/a48.7%6.97n/a
BGC Group, Inc. BGC$5.0 billion25.5718.0%4.7%27.6%1.600.8%
All 181 in Trading
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Morgan Stanley MS$284.0 billion14.4017.5%n/a16.2%3.322.3%
Goldman Sachs Group Inc. GS$249.8 billion12.4417.7%n/a18.7%3.562.1%
BlackRock, Inc. BLK$182.3 billion26.8111.9%32.5%24.7%0.221.9%
Welltower Inc. WELL$179.3 billion106.063.4%-1.9%39.2%0.401.3%
Charles Schwab Corp. SCHW$157.9 billion15.6120.7%n/a18.1%0.461.3%
Prologis, Inc. PLD$120.7 billion28.037.6%54.8%7.2%0.663.3%
CME Group Inc. CME$109.7 billion25.1016.8%65.7%9.0%0.133.7%
Equinix Inc. EQIX$100.2 billion60.7911.3%22.5%11.1%1.572.0%
Intercontinental Exchange, Inc. ICE$96.1 billion23.5013.9%40.6%12.1%0.781.2%
Blackstone Inc. BX$90.8 billion26.5640.2%47.9%22.1%1.533.9%
American Tower Corp. AMT$87.7 billion26.6394.2%44.8%5.3%10.693.7%
KKR & Co. Inc. KKR$86.6 billion30.7210.2%n/a31.1%1.720.8%
Brookfield Asset Management Ltd. BAM$84.6 billionn/an/a58.6%31.9%0.38n/a
Simon Property Group Inc. SPG$73.9 billion16.48110.4%45.9%16.2%6.963.9%
Robinhood Markets, Inc. HOOD$72.9 billion37.2919.7%45.7%20.9%0.26n/a
Apollo Global Management, Inc. APO$69.0 billionn/a-5.8%9.8%12.2%0.921.8%
Digital Realty Trust, Inc. DLR$65.3 billion72.893.3%16.2%20.0%0.69n/a
Public Storage PSA$63.1 billion35.3413.1%34.5%5.2%0.843.6%
Nasdaq, Inc. NDAQ$59.8 billion29.2717.4%29.7%11.9%0.731.1%
Realty Income Corp. O$56.2 billion40.723.4%20.5%10.8%0.795.5%
Ventas, Inc. VTR$46.9 billion167.461.7%3.2%22.1%0.792.3%
Ameriprise Financial Inc. AMP$43.6 billion11.2981.4%26.8%10.0%1.17n/a
Ares Management Corp. ARES$42.0 billionn/a11.3%17.7%7.6%2.033.9%
Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
Cboe Global Markets, Inc. CBOE$36.8 billion25.1125.0%36.4%14.3%0.240.9%
Interactive Brokers Group, Inc. IBKR$34.4 billion29.1618.9%n/a19.7%n/a0.4%
Extra Space Storage Inc. EXR$33.2 billion32.358.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$31.7 billion69.58n/a19.5%17.5%n/a3.2%
Raymond James Financial Inc. RJF$31.3 billion14.1918.2%n/a10.5%0.071.3%
Tradeweb Markets Inc. TW$29.7 billion29.9913.7%44.1%14.4%0.000.4%
Nomura Holdings Inc. NMR *$27.3 billion12.459.8%n/a14.0%n/a4.4%
Vici Properties Inc. VICI$27.3 billion11.378.1%n/a4.7%0.587.3%
Vivmark Residential VMRK$24.6 billion28.488.3%28.2%2.8%0.794.3%
T. Rowe Price Group, Inc. TROW$23.1 billion10.9619.2%32.0%6.9%0.004.8%
LPL Financial Holdings Inc. LPLA$23.0 billion16.9524.0%9.2%31.0%1.340.4%
Royal Gold Inc. RGLD$22.5 billion26.7910.8%62.0%105.2%0.020.7%
Pershing Square Inc. PS$20.6 billionn/a-9.0%0.2%n/a0.21n/a
SBA Communications Corp. SBAC$19.8 billion20.45n/a47.7%2.3%n/a2.6%
Texas Pacific Land Corp. TPL$18.8 billion32.0032.6%75.5%25.3%0.000.9%
TPG Inc. TPG$17.9 billion59.186.8%n/a18.8%0.574.8%
Essex Property Trust, Inc. ESS$17.5 billion50.556.6%29.5%4.5%1.253.8%
Franklin Templeton Inc. BEN$17.1 billion22.976.9%9.7%7.9%0.203.9%
Kimco Realty Corp. KIM$17.0 billion23.847.4%40.1%3.5%0.834.2%
Host Hotels & Resorts, Inc. HST$16.9 billion17.9814.8%14.8%5.0%0.806.1%
Lamar Advertising Co. LAMR$15.8 billion27.5155.8%32.1%5.1%3.394.3%
Blue OWL Capital Inc. OWL$15.4 billion70.144.9%-105.8%119.9%1.898.7%
Weyerhaeuser Co. WY$15.1 billion33.294.8%11.7%-1.1%0.574.0%
W. P. Carey Inc. WPC$15.0 billion22.437.4%43.8%9.0%1.005.7%
Annaly Capital Management Inc. NLY$14.7 billion13.117.1%n/a28.4%2.4314.9%
Omega Healthcare Investors Inc. OHI$14.6 billion19.3613.8%73.4%14.0%0.735.6%
Sun Communities Inc. SUI$14.4 billionn/a-14.7%4.2%2.9%0.723.7%
Carlyle Group Inc. CG$14.0 billion42.225.4%16.6%-7.6%0.463.5%
Healthpeak Properties, Inc. DOC$14.0 billion37.564.8%4.0%9.4%1.196.0%
Mid-America Apartment Communities, Inc. MAA$13.8 billion36.057.3%n/a1.0%1.105.1%
Regency Centers Corp. REG$13.7 billion26.747.7%72.0%8.4%0.724.0%
American Healthcare REIT, Inc. AHR$13.4 billion118.201.7%20.2%21.5%0.251.7%
SEI Investments Co. SEIC$12.5 billion18.3128.3%29.4%12.8%0.011.0%
Equity Lifestyle Properties Inc. ELS$12.2 billion31.0123.1%26.1%3.2%1.893.4%
Invesco Ltd. IVZ$11.9 billionn/a-2.5%-4.5%13.7%0.103.1%
Udr, Inc. UDR$11.7 billion17.2522.3%52.2%0.6%1.844.7%
American Homes 4 Rent AMH$11.7 billion26.916.7%15.2%3.5%0.773.9%
Stifel Financial Corp. SF$11.4 billion12.2816.1%n/a10.9%0.101.8%
Gaming & Leisure Properties, Inc. GLPI$11.3 billion11.8918.9%79.1%7.3%1.638.2%
Freedom Holding Corp. FRHC$11.0 billionn/an/an/an/an/an/a
Jefferies Financial Group Inc. JEF$10.9 billionn/a8.3%n/a17.7%1.723.4%
Evercore Inc. EVR$10.8 billion15.6339.2%21.3%36.6%0.281.2%
Eastgroup Properties Inc. EGP$10.4 billion32.848.9%40.8%10.4%0.513.3%
Bxp, Inc. BXP$10.4 billion19.4710.3%29.2%2.7%3.204.3%
Houlihan Lokey, Inc. HLI$10.1 billion24.4617.5%20.3%-0.4%0.001.8%
CubeSmart CUBE$10.1 billion29.8114.0%40.8%3.3%1.434.7%
Camden Property Trust CPT$10.0 billion9.2824.6%n/a-1.0%0.934.2%
Janus Living, Inc. JAN$9.9 billionn/a0.2%n/an/a0.00n/a
CareTrust REIT, Inc. CTRE$9.8 billion24.046.8%54.6%43.6%0.393.9%
Federal Realty Investment Trust FRT$9.7 billion22.5313.6%47.7%7.8%1.504.0%
Affiliated Managers Group, Inc. AMG$9.4 billion12.5628.2%15.1%11.8%0.990.0%
Brixmor Property Group Inc. BRX$9.2 billion21.9114.1%n/a5.7%1.764.1%
Ryman Hospitality Properties, Inc. RHP$9.1 billion31.8920.2%19.6%12.9%3.403.6%
Agree Realty Corp. ADC$9.1 billion36.033.5%48.9%17.7%0.543.8%
Morningstar, Inc. MORN$9.1 billion21.3343.4%24.5%9.4%1.640.8%
Lineage, Inc. LINE$8.9 billionn/a-2.1%3.6%1.0%0.795.4%
Virtu Financial, Inc. VIRT$8.4 billion7.9231.1%32.4%26.1%2.381.8%
Rexford Industrial Realty, Inc. REXR$8.1 billionn/a-6.4%39.8%-2.0%0.394.6%
NNN REIT, Inc. NNN$8.0 billion19.598.7%62.9%7.3%1.105.9%
Alexandria Real Estate Equities, Inc. ARE$7.8 billionn/a-9.7%-85.8%-9.9%0.876.4%
Victory Capital Holdings, Inc. VCTR$7.4 billion21.9218.8%40.4%36.9%0.401.6%
InterDigital, Inc. IDCC$7.4 billion31.4625.2%45.1%-12.0%0.251.0%
First Industrial Realty Trust Inc. FR$7.1 billion19.9912.9%41.6%8.5%0.963.6%
Stag Industrial, Inc. STAG$7.1 billion25.967.4%37.7%9.3%0.944.2%
Macerich Co. MAC$7.1 billionn/a-3.6%-12.0%-1.3%1.902.7%
Vornado Realty Trust VNO$6.7 billionn/a0.2%n/a1.6%1.272.1%
Healthcare Realty Trust Inc. HR$6.5 billionn/a-1.1%n/a-5.8%1.045.0%
StoneX Group Inc. SNEX$6.5 billion9.3918.5%n/a48.7%6.97n/a
Rayonier Inc. RYN$6.4 billion37.143.0%12.0%24.1%0.354.9%
Essential Properties Realty Trust, Inc. EPRT$6.2 billion22.745.8%60.6%20.4%0.664.5%
Dolby Laboratories, Inc. DLB$6.1 billion27.598.8%17.7%0.6%0.002.2%
Marketaxess Holdings Inc. MKTX$5.8 billion20.2722.9%39.1%3.9%0.071.9%
StepStone Group Inc. STEP$5.7 billionn/an/a-58.2%48.5%n/a3.1%
SSR Mining Inc. SSRM$5.7 billion24.067.7%40.9%39.4%0.00n/a
Sabra Health Care REIT, Inc. SBRA$5.5 billion75.042.5%n/a23.4%0.865.7%
Outfront Media Inc. OUT$5.4 billion21.0936.6%20.7%9.1%3.594.0%
Galaxy Digital Inc. GLXY$5.3 billionn/a-18.5%-2.3%66.0%1.55n/a
Phillips Edison & Company, Inc. PECO$5.2 billion28.157.5%n/a7.0%1.055.6%
Rithm Capital Corp. RITM$5.2 billionn/an/an/an/a3.5010.8%
Kite Realty Group Trust KRG$5.0 billion15.7112.4%17.4%-7.3%1.024.6%
Hamilton Lane Inc. HLNE$5.0 billion13.2628.2%43.7%18.9%0.27n/a
BGC Group, Inc. BGC$5.0 billion25.5718.0%4.7%27.6%1.600.8%
HA Sustainable Infrastructure Capital, Inc. HASI$5.0 billion40.525.5%n/a22.6%2.364.4%
Cousins Properties Inc. CUZ$4.9 billion328.830.3%68.3%8.5%0.804.3%
Federated Hermes, Inc. FHI$4.7 billion11.5732.5%27.8%13.2%0.272.2%
Howard Hughes Holdings Inc. HHH$4.6 billion30.714.3%18.1%42.8%1.44n/a
Americold Realty Trust COLD$4.6 billion19.307.9%15.1%1.3%1.035.7%
EPR Properties EPR$4.6 billion16.8112.7%59.0%7.3%1.436.1%
Apple Hospitality REIT, Inc. APLE$4.5 billion23.905.9%18.3%3.2%0.475.1%
Tanger Inc. SKT$4.4 billionn/an/an/an/a2.44n/a
Piper Sandler Companies PIPR$4.4 billion15.5321.9%n/a21.1%n/a3.0%
Starwood Property Trust, Inc. STWD$4.4 billionn/a-4.0%-12.7%14.4%3.4015.9%
Lazard, Inc. LAZ$4.2 billion23.2219.5%8.1%9.2%1.785.2%
Kilroy Realty Corp. KRC$4.2 billion149.250.6%n/a-3.6%0.846.0%
Cohen & Steers, Inc. CNS$3.8 billion22.4627.8%32.4%8.6%0.003.6%
Copt Defense Properties CDP$3.7 billion22.2111.0%30.2%7.2%1.673.8%
PJT Partners Inc. PJT$3.7 billion21.2552.5%20.5%10.2%0.000.7%
LXP Industrial Trust LXP$3.6 billion31.545.9%n/a-3.5%0.664.5%
SL Green Realty Corp. SLG$3.6 billionn/a-3.7%61.7%9.7%1.255.2%
Independence Realty Trust, Inc. IRT$3.5 billion57.651.8%16.6%3.1%0.724.7%
Highwoods Properties, Inc. HIW$3.5 billion18.747.8%67.2%5.4%1.486.4%
Miami International Holdings, Inc. MIAX$3.4 billion12.7724.3%10.9%n/a0.00n/a
National Health Investors Inc. NHI$3.4 billion20.5910.6%n/a23.9%0.815.2%
Broadstone Net Lease, Inc. BNL$3.4 billion23.045.1%46.0%8.0%1.016.7%
Acadian Asset Management Inc. AAMI$3.2 billion26.66n/a25.5%27.9%n/a0.3%
Artisan Partners Asset Management Inc. APAM$3.2 billion9.1669.7%33.4%8.7%0.438.1%
WisdomTree, Inc. WT$2.9 billion27.4424.8%39.9%45.2%2.380.6%
DiamondRock Hospitality Co. DRH$2.9 billion17.7710.7%16.6%2.1%0.712.9%
Acadia Realty Trust AKR$2.7 billion70.732.0%53.3%-0.3%0.784.0%
Four Corners Property Trust, Inc. FCPT$2.6 billion21.497.3%n/a10.2%0.966.3%
CoreCivic, Inc. CXW$2.5 billion1.8563.5%9.9%26.9%0.28n/a
InvenTrust Properties Corp. IVT$2.5 billion85.221.6%-7.7%12.6%0.583.1%
LTC Properties Inc. LTC$2.5 billion4.7030.8%58.5%70.4%0.605.1%
Netstreit Corp. NTST$2.4 billion85.411.1%32.5%27.1%0.604.7%
Pebblebrook Hotel Trust PEB$2.4 billionn/a-2.9%3.1%2.8%0.890.2%
SmartStop Self Storage REIT, Inc. SMA$2.2 billion67.122.9%22.9%20.7%1.00n/a
RLJ Lodging Trust RLJ$1.9 billion121.901.7%10.0%4.1%1.034.8%
Douglas Emmett Inc. DEI$1.7 billionn/a-1.1%18.8%1.8%3.147.5%
Diversified Healthcare Trust DHC$1.7 billionn/a-9.9%-2.3%-3.8%1.600.6%
Global Net Lease, Inc. GNL$1.5 billionn/a-3.4%37.9%-21.8%1.7811.0%
CBL & Associates Properties Inc. CBL$1.5 billion6.8150.8%27.2%9.0%4.76n/a
American Assets Trust, Inc. AAT$1.3 billion61.541.9%23.6%1.1%1.526.3%
Alexanders Inc. ALX$1.3 billion6.7883.9%n/a8.2%3.677.1%
UMH Properties, Inc. UMH$1.3 billion298.400.5%n/a8.5%0.976.0%
Digital Turbine, Inc. APPS$1.3 billionn/a-18.3%10.3%19.2%1.85n/a
Medical Properties Trust Inc. MPT$1.1 billion4.405.4%3.7%10.5%2.0019.9%
Easterly Government Properties, Inc. DEA$1.1 billion77.521.1%23.9%11.4%1.288.0%
Ridgepost Capital, Inc. RPC$1.1 billion31.326.8%27.2%8.2%0.921.5%
Oppenheimer Holdings Inc. OPY$974 million12.238.7%7.2%13.9%n/a0.8%
Centerspace CSR$964 million10.7311.5%56.1%-6.0%1.025.4%
Orchid Island Capital, Inc. ORC$960 million98.60-0.5%95.7%74.8%9.2126.8%
Empire State Realty Trust, Inc. ESRT$918 million265.250.3%-4.4%2.0%2.142.6%
Abacus Global Management, Inc. ABX$852 million32.526.5%31.8%65.3%0.76n/a
Virtus Investment Partners, Inc. VRTS$846 million7.2812.7%15.7%-7.2%0.447.5%
CTO Realty Growth, Inc. CTO$783 million17.726.5%37.5%15.9%1.05n/a
Summit Hotel Properties, Inc. INN$755 millionn/a-2.5%9.9%2.4%1.654.6%
Safehold Inc. SAFE$749 million6.584.7%24.9%16.5%1.956.7%
Postal Realty Trust, Inc. PSTL$742 million38.904.7%38.2%22.3%0.944.4%
JBG Smith Properties JBGS$739 millionn/a-20.4%0.8%3.0%2.545.6%
Chatham Lodging Trust CLDT$722 million96.882.2%13.4%3.8%0.562.5%
Saul Centers, Inc. BFS$709 million31.0411.6%66.7%9.2%5.588.3%
PennyMac Mortgage Investment Trust PMT$685 million17.094.6%22.3%-11.5%1.7920.4%
Service Properties Trust SVC$674 million14.03-65.1%-6.1%-15.6%6.352.9%
Chimera Investment Corp. CIM$613 millionn/a-7.9%n/a12.4%4.0923.5%
Brandywine Realty Trust BDN$553 millionn/a-21.5%19.0%3.5%3.739.8%
Universal Health Realty Income Trust UHT$544 million26.9914.5%35.9%-0.0%2.847.6%
TPG RE Finance Trust, Inc. TRTX$512 million17.314.4%n/a-2.4%4.1014.2%
Franklin BSP Realty Trust, Inc. FBRT$470 millionn/a1.4%n/a16.4%2.9215.4%
One Liberty Properties Inc. OLP$446 million18.668.6%48.3%10.7%1.838.5%
BrightSpire Capital, Inc. BRSP$416 million23.862.2%27.0%2.5%2.9819.2%
NexPoint Residential Trust, Inc. NXRT$415 millionn/a-16.6%10.6%0.7%7.2413.0%
Industrial Logistics Properties Trust ILPT$397 millionn/a-14.9%33.7%3.5%9.854.2%
Farmland Partners Inc. FPI$369 million55.002.3%12.4%-5.6%0.5615.8%
Arbor Realty Trust Inc. ABR$299 millionn/a-4.2%n/a-12.9%4.4158.6%
Apollo Commercial Real Estate Finance, Inc. ARI$297 million2.9010.5%35.1%-14.7%n/a43.1%
Mesabi Trust MSB$226 million34.8836.9%n/a-87.6%0.00n/a
North European Oil Royalty Trust NRT$65 millionn/an/an/an/an/an/a
7 companies share its SEC industry code (Security & Commodity Brokers, Dealers, Exchanges & Services); the rest are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on ICE

Dividends$2.04 a share over the four quarters to 30 September 2026, a 1.18% yield
Filings19 in twelve months: 10 current reports (8-K), about 4 results of operations; 2 material agreement; 2 other events; 1 charter or bylaw amendment, or fiscal year change; 1 new financial obligation
Planned insider sales36 Form 144 notices in twelve months, $95.1 million; latest 4 November 2026
Options tapeput/call 0.69 by open interest at the 6 November 2026 close; the straddle prices a 3.2% move to 13 November 2026
13F holders1,673 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading69 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest5.9 million shares short, 2.18 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202629 October 2026EDGAR
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 20255 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K/A31 December 202420 March 2025EDGAR
10-K31 December 20246 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR

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