Intercontinental Exchange (ICE) Net Margin (2012 - 2026)
Intercontinental Exchange's (ICE) quarterly Net Margin came in at 27.0% in Q2 2026, up 48.0% on a YoY basis from 18.24% in Q2 2025, and down 30.88% quarter-over-quarter from 39.06% in Q1 2026.
Analysis
Intercontinental Exchange (ICE) Net Margin (2012 - 2026) Analysis & Trends
Intercontinental Exchange (ICE) has reported Net Margin for 15 consecutive years, with 27.0% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 48.0% year-over-year to 27.0%; the trailing twelve-month figure through Jun 2026 stood at 30.54% (up 619.0% YoY), and the FY2025 full-year result was 26.66%, up 284.0% from the prior year.
- Net Margin fell to 27.0% in Q2 2026 per ICE's latest filing, from 39.06% in the prior quarter.
- Across five years, Net Margin topped out at 39.06% in Q1 2026 and bottomed at 7.33% in Q3 2022.
- Historically, Net Margin has averaged 23.88% across 5 years, with a median of 25.83% in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin slumped 1388149 bps in 2022, then surged 3034 bps in 2023.
- Over 5 years, Net Margin stood at 18.51% in 2022, then declined by 21 bps to 14.63% in 2023, then surged by 60 bps to 23.4% in 2024, then grew by 17 bps to 27.43% in 2025, then slipped by 2 bps to 27.0% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 27.0%, 39.06%, and 27.43% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 101.06 Bn | 101.06 Bn | 1.65 Bn | 61.06% |
| 2 | Intercontinental Exchange | 90.48 Bn | 88.60 Bn | - | 27.00% |
| 3 | Nasdaq | 54.45 Bn | 53.73 Bn | 1.50 Bn | 20.02% |
| 4 | Cboe Global Markets | 31.27 Bn | 28.88 Bn | 731.60 Mn | 24.38% |
| 5 | Tradeweb Markets | 24.86 Bn | 23.51 Bn | - | 36.98% |
| 6 | Marketaxess Holdings | 5.75 Bn | 5.47 Bn | - | 31.28% |
| 7 | Miami International Holdings | 4.18 Bn | 3.51 Bn | 141.11 Mn | 11.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.00% |
| Mar 31, 2026 | 39.06% |
| Dec 31, 2025 | 27.43% |
| Sep 30, 2025 | 27.64% |
| Jun 30, 2025 | 26.52% |
| Mar 31, 2025 | 25.15% |
| Dec 31, 2024 | 23.40% |
| Sep 30, 2024 | 22.12% |
| Jun 30, 2024 | 22.06% |
| Mar 31, 2024 | 27.95% |
| Dec 31, 2023 | 14.63% |
| Sep 30, 2023 | 23.01% |
| Jun 30, 2023 | 34.89% |
| Mar 31, 2023 | 27.27% |
| Dec 31, 2022 | 18.51% |
| Sep 30, 2022 | -7.33% |
| Jun 30, 2022 | 23.46% |
| Mar 31, 2022 | 27.12% |
| Dec 31, 2021 | 13,900.00% |
| Sep 30, 2021 | 27.98% |