Intercontinental Exchange (ICE) FY2023 results: revenue $9.9 billion, up 2.8% on the year
Intercontinental Exchange, Inc. (ICE) reported revenue of $9.9 billion for fiscal 2023, the year ended 31 December 2023, up 2.8% on the year before. Net income was $2.4 billion, up 63.8%, and diluted earnings per share $4.19. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2024.
Revenue
$9.9 billion
+2.8% on the year
FY2016FY2023
Operating margin
37.3%
37.8% a year earlier
FY2016FY2023
Net income
$2.4 billion
+63.8% on the year
FY2016FY2023
Diluted EPS
$4.19
+62.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,542
3,554
3,123
-0.3%
Capital expenditure
190
225
179
-15.6%
Free cash flow
3,352
3,329
2,944
+0.7%
Free cash flow margin
33.8%
34.5%
32.1%
Cash from investing
-8,797
677
-786
Cash from financing
-64,345
-1,841
62,026
Depreciation and amortisation
1,215
1,031
1,009
+17.8%
Share-based compensation
257
155
188
+65.8%
Buybacks
0.0
632
250
Dividends paid
955
853
747
+12.0%
Dividend per share
$1.68
$1.52
$1.32
+10.5%
Diluted shares, weighted
565m
561m
565m
+0.7%
Shares outstanding at period end
573m
559m
561m
+2.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
25,717
22,706
22,709
+13.3%
Non-controlling interest
69.0
55.0
39.0
+25.5%
Redeemable equity
0.0
0.0
0.0
Debt
22,613
18,122
13,918
+24.8%
Operating lease liabilities
299
254
252
+17.7%
Other liabilities
87,386
153,201
156,584
-43.0%
Total liabilities and equity
136,084
194,338
193,502
-30.0%
Goodwill
30,553
21,111
21,123
+44.7%
Intangible assets
17,317
13,090
13,736
+32.3%
Cash and equivalents
899
1,799
607
-50.0%
Receivables
1,366
1,169
1,208
+16.9%
Other assets
85,949
157,169
156,828
-45.3%
Total assets
136,084
194,338
193,502
-30.0%
10-K for the year ended 31 December 2023, filed 8 February 2024: the filing.