Intercontinental Exchange (ICE) EV to CFO (2013 - 2026)
Intercontinental Exchange's (ICE) quarterly EV to CFO came in at 33.62 in Q2 2026, down 51.12% on a YoY basis from 68.79 in Q2 2025, and down 48.93% quarter-over-quarter from 65.84 in Q1 2026.
Analysis
Intercontinental Exchange (ICE) EV to CFO (2013 - 2026) Analysis & Trends
Intercontinental Exchange (ICE) has reported EV to CFO for 14 consecutive years, with 33.62 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to CFO fell 51.12% year-over-year to 33.62; the trailing twelve-month figure through Jun 2026 stood at 12.18 (down 42.65% YoY), and the FY2025 full-year result was 19.39, up 6.65% from the prior year.
- EV to CFO retreated to 33.62 in Q2 2026 per ICE's latest filing, from 65.84 in the prior quarter.
- Across five years, EV to CFO topped out at 103.5 in Q3 2025 and bottomed at 152.34 in Q3 2022.
- Historically, EV to CFO has averaged 4.28 across 5 years, with a median of 18.5 in 2026.
- The sharpest annual moves came in 2022 and 2025: EV to CFO slumped 340.87% in 2022, then surged 2895.33% in 2025.
- Over 5 years, EV to CFO stood at 83.14 in 2022, then surged by 189.38% to 74.32 in 2023, then slipped by 25.11% to 55.66 in 2024, then climbed by 27.42% to 70.92 in 2025, then plunged by 52.59% to 33.62 in 2026.
- According to Business Quant data, EV to CFO over the past three periods registered 33.62, 65.84, and 70.92 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 101.06 Bn | 101.06 Bn | 1.65 Bn |
| 2 | Intercontinental Exchange | 90.48 Bn | 88.60 Bn | - |
| 3 | Nasdaq | 54.45 Bn | 53.73 Bn | 1.50 Bn |
| 4 | Cboe Global Markets | 31.27 Bn | 28.88 Bn | 731.60 Mn |
| 5 | Tradeweb Markets | 24.86 Bn | 23.51 Bn | - |
| 6 | Marketaxess Holdings | 5.75 Bn | 5.47 Bn | - |
| 7 | Miami International Holdings | 4.18 Bn | 3.51 Bn | 141.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.62 |
| Mar 31, 2026 | 65.84 |
| Dec 31, 2025 | 70.92 |
| Sep 30, 2025 | 103.50 |
| Jun 30, 2025 | 68.79 |
| Mar 31, 2025 | 100.61 |
| Dec 31, 2024 | 55.66 |
| Sep 30, 2024 | 100.78 |
| Jun 30, 2024 | -2.46 |
| Mar 31, 2024 | 3.37 |
| Dec 31, 2023 | 74.32 |
| Sep 30, 2023 | -22.33 |
| Jun 30, 2023 | -25.12 |
| Mar 31, 2023 | -76.38 |
| Dec 31, 2022 | -83.14 |
| Sep 30, 2022 | -152.34 |
| Jun 30, 2022 | -121.78 |
| Mar 31, 2022 | -116.87 |
| Dec 31, 2021 | -70.74 |
| Sep 30, 2021 | -81.46 |