Intercontinental Exchange (ICE) FY2024 results: revenue $11.8 billion, up 18.8% on the year
Intercontinental Exchange, Inc. (ICE) reported revenue of $11.8 billion for fiscal 2024, the year ended 31 December 2024, up 18.8% on the year before. Net income was $2.8 billion, up 16.3%, and diluted earnings per share $4.78. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2025.
Revenue
$11.8 billion
+18.8% on the year
FY2017FY2024
Operating margin
36.6%
37.3% a year earlier
FY2017FY2024
Net income
$2.8 billion
+16.3% on the year
FY2017FY2024
Diluted EPS
$4.78
+14.1% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,609
3,542
3,554
+30.1%
Capital expenditure
406
190
225
+113.7%
Free cash flow
4,203
3,352
3,329
+25.4%
Free cash flow margin
35.7%
33.8%
34.5%
Cash from investing
-921
-8,797
677
Cash from financing
79.0
-64,345
-1,841
Depreciation and amortisation
1,537
1,215
1,031
+26.5%
Share-based compensation
231
257
155
-10.1%
Buybacks
0.0
0.0
632
Dividends paid
1,039
955
853
+8.8%
Dividend per share
$1.80
$1.68
$1.52
+7.1%
Diluted shares, weighted
576m
565m
561m
+1.9%
Shares outstanding at period end
574m
573m
559m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
27,647
25,717
22,706
+7.5%
Non-controlling interest
51.0
69.0
55.0
-26.1%
Redeemable equity
22.0
0.0
0.0
Debt
20,368
22,613
18,122
-9.9%
Operating lease liabilities
335
299
254
+12.0%
Other liabilities
91,005
87,386
153,201
+4.1%
Total liabilities and equity
139,428
136,084
194,338
+2.5%
Goodwill
30,595
30,553
21,111
+0.1%
Intangible assets
16,306
17,317
13,090
-5.8%
Cash and equivalents
844
899
1,799
-6.1%
Receivables
1,490
1,366
1,169
+9.1%
Other assets
90,193
85,949
157,169
+4.9%
Total assets
139,428
136,084
194,338
+2.5%
10-K for the year ended 31 December 2024, filed 6 February 2025: the filing.