Intercontinental Exchange (ICE) EV to FCF (2013 - 2026)
Intercontinental Exchange's EV to FCF came in at 13.23 for Q2 2026, down 43.2% from 23.29 a year earlier and down 29.2% from the prior quarter.
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Analysis
Intercontinental Exchange (ICE) EV to FCF (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Intercontinental Exchange reported EV to FCF of 12.38, down 44.7% year-over-year; for FY2025, it was 21.08, up 5.3% from FY2024.
- Going back by year, EV to FCF was 20.01 in FY2024 (-6.8%), 21.48 in FY2023 (+28.7%), 16.69 in FY2022 (-35.5%) and 25.86 in FY2021 (+7.7%).
- The Q2 2026 figure represents the lowest quarterly EV to FCF in data going back to Q4 2013.
- Year-over-year, EV to FCF increased in four of the last eight quarters, with an average decline of 2.4%.
- The fastest year-over-year change in EV to FCF over five years came in Q3 2024 (growth of 35.9%), and the weakest in Q2 2026 (a decline of 43.2%).
- Business Quant data shows ICE's EV to FCF at 18.69 (Q1 2026), 21.08 (Q4 2025) and 21.14 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 106.61 Bn | 94.70 Bn | - |
| 2 | Robinhood Markets | 91.70 Bn | 72.73 Bn | - |
| 3 | Intercontinental Exchange | 88.95 Bn | 82.69 Bn | - |
| 4 | Nasdaq | 54.22 Bn | 51.65 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 38.25 Bn | 15.37 Bn | - |
| 6 | Cboe Global Markets | 33.42 Bn | 25.08 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.64 Bn | 20.96 Bn | - |
| 8 | Tradeweb Markets | 25.45 Bn | 17.47 Bn | - |
| 9 | Circle Internet | 22.26 Bn | 16.14 Bn | 288.85 Mn |
| 10 | Xp | 16.07 Bn | -5.76 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.23 |
| Mar 31, 2026 | 18.69 |
| Dec 31, 2025 | 21.08 |
| Sep 30, 2025 | 21.14 |
| Jun 30, 2025 | 23.29 |
| Mar 31, 2025 | 23.62 |
| Dec 31, 2024 | 20.01 |
| Sep 30, 2024 | 24.11 |
| Jun 30, 2024 | 20.94 |
| Mar 31, 2024 | 21.22 |
| Dec 31, 2023 | 21.48 |
| Sep 30, 2023 | 17.75 |
| Jun 30, 2023 | 17.49 |
| Mar 31, 2023 | 17.36 |
| Dec 31, 2022 | 16.69 |
| Sep 30, 2022 | 15.11 |
| Jun 30, 2022 | 16.74 |
| Mar 31, 2022 | 24.66 |
| Dec 31, 2021 | 25.86 |
| Sep 30, 2021 | 21.43 |
API Access
Intercontinental Exchange EV to FCF 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-fcf&ticker=ICE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=ICE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();