Intercontinental Exchange (ICE) FCF Margin (2013 - 2026)
Intercontinental Exchange (ICE) reported FCF Margin of 51.34% for Q2 2026, up 7.01 percentage points from 44.33% a year earlier and up 16.92 percentage points from the prior quarter.
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Analysis
Intercontinental Exchange (ICE) FCF Margin (2013 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Intercontinental Exchange's FCF Margin came in at 37.82%, up 2.31 percentage points year-over-year; for FY2025, it came in at 33.93%, down 1.80 percentage points from FY2024.
- FCF Margin has a five-year change of +1.50 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 35.74% in FY2024 (+1.89 pp), 33.85% in FY2023 (-0.70 pp), 34.55% in FY2022 (+2.44 pp) and 32.11% in FY2021 (-0.32 pp).
- The Q2 2026 figure ranks as the highest quarterly FCF Margin since Q4 2020.
- Year over year, FCF Margin gained in five of the last eight quarters, with an average year-over-year change of +1.73 percentage points.
- The high point for year-over-year FCF Margin in five years was Q4 2024 (a gain of 10.18 percentage points); the low point was Q4 2021 (a drop of 18.24 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 34.42% (Q1 2026), 35.30% (Q4 2025) and 28.37% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.44 Bn | 94.53 Bn | - | 54.13% |
| 2 | Robinhood Markets | 88.69 Bn | 69.72 Bn | - | 54.13% |
| 3 | Intercontinental Exchange | 88.52 Bn | 82.26 Bn | - | 51.34% |
| 4 | Nasdaq | 53.23 Bn | 50.66 Bn | 1.50 Bn | 25.04% |
| 5 | Interactive Brokers | 36.83 Bn | 13.95 Bn | - | 326.90% |
| 6 | Cboe Global Markets | 32.90 Bn | 24.56 Bn | 731.60 Mn | -37.17% |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - | 3.90% |
| 8 | Tradeweb Markets | 25.20 Bn | 17.21 Bn | - | 69.02% |
| 9 | Circle Internet | 21.37 Bn | 15.25 Bn | 288.85 Mn | 73.63% |
| 10 | Xp | 16.68 Bn | -5.15 Bn | 105.39 Mn | -59.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.34% |
| Mar 31, 2026 | 34.42% |
| Dec 31, 2025 | 35.30% |
| Sep 30, 2025 | 28.37% |
| Jun 30, 2025 | 44.33% |
| Mar 31, 2025 | 27.28% |
| Dec 31, 2024 | 43.30% |
| Sep 30, 2024 | 27.00% |
| Jun 30, 2024 | 38.70% |
| Mar 31, 2024 | 33.95% |
| Dec 31, 2023 | 33.12% |
| Sep 30, 2023 | 29.85% |
| Jun 30, 2023 | 47.60% |
| Mar 31, 2023 | 25.57% |
| Dec 31, 2022 | 41.73% |
| Sep 30, 2022 | 28.57% |
| Jun 30, 2022 | 38.75% |
| Mar 31, 2022 | 29.28% |
| Dec 31, 2021 | 39.99% |
| Sep 30, 2021 | 22.00% |
API Access
Intercontinental Exchange FCF Margin 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=fcf-margin&ticker=ICE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=ICE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();