Intercontinental Exchange (ICE) EV to CFO (2013 - 2026)
Intercontinental Exchange's EV to CFO was 12.18 in Q2 2026, down 42.8% from 21.30 a year earlier and down 29.9% from the prior quarter.
Intercontinental Exchange (ICE) EV to CFO (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Intercontinental Exchange's EV to CFO was 11.40 through Jun 30, 2026, down 44.3% year-over-year; for FY2025, it was 19.39, up 6.3% from FY2024.
- In earlier years, EV to CFO was 18.25 in FY2024 (-10.2%), 20.33 in FY2023 (+30.1%), 15.63 in FY2022 (-35.9%) and 24.37 in FY2021 (+9.4%).
- The Q2 2026 figure marks the lowest quarterly EV to CFO in data going back to Q4 2013.
- Compared with a year earlier, EV to CFO was higher in four of the last eight quarters, with an average decline of 3.7%.
- The best year-over-year quarter for EV to CFO over five years was Q3 2024 (growth of 33.3%); the worst was Q2 2026 (a decline of 42.8%).
- Per Business Quant data, ICE's EV to CFO in the three quarters before Q2 2026 was 17.38 (Q1 2026), 19.39 (Q4 2025) and 19.41 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.66 Bn | - |
| 2 | Intercontinental Exchange | 89.45 Bn | 83.19 Bn | - |
| 3 | Robinhood Markets | 88.18 Bn | 69.22 Bn | - |
| 4 | Nasdaq | 53.47 Bn | 50.90 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 37.14 Bn | 14.26 Bn | - |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - |
| 8 | Tradeweb Markets | 25.33 Bn | 17.34 Bn | - |
| 9 | Circle Internet | 21.30 Bn | 15.18 Bn | 288.85 Mn |
| 10 | Xp | 16.54 Bn | -5.29 Bn | 105.39 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.18 |
| Mar 31, 2026 | 17.38 |
| Dec 31, 2025 | 19.39 |
| Sep 30, 2025 | 19.41 |
| Jun 30, 2025 | 21.30 |
| Mar 31, 2025 | 21.38 |
| Dec 31, 2024 | 18.25 |
| Sep 30, 2024 | 22.35 |
| Jun 30, 2024 | 19.55 |
| Mar 31, 2024 | 19.98 |
| Dec 31, 2023 | 20.33 |
| Sep 30, 2023 | 16.76 |
| Jun 30, 2023 | 16.45 |
| Mar 31, 2023 | 16.31 |
| Dec 31, 2022 | 15.63 |
| Sep 30, 2022 | 14.29 |
| Jun 30, 2022 | 15.95 |
| Mar 31, 2022 | 23.29 |
| Dec 31, 2021 | 24.37 |
| Sep 30, 2021 | 20.02 |
Intercontinental Exchange EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=ICE&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "ICE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=ICE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();