Intercontinental Exchange (ICE) Operating Expenses (2013 - 2026)
Intercontinental Exchange's (ICE) quarterly Operating Expenses came in at $1.3 billion in Q2 2026, up 2.33% YoY from $1.2 billion in Q2 2025, and down 2.82% on a QoQ basis from $1.3 billion in Q1 2026.
Intercontinental Exchange (ICE) Operating Expenses (2013 - 2026) Analysis & Trends
Intercontinental Exchange (ICE) has 14 years of Operating Expenses data on file, last reported at $1.3 billion in Q2 2026.
- Quarterly Operating Expenses rose 2.33% year-over-year to $1.3 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $5.1 billion (up 2.02% YoY) and the FY2025 annual result came in at $5.0 billion, up 0.64% from the prior year.
- Operating Expenses retreated to $1.3 billion in Q2 2026, from $1.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q1 2026 to a low of $898.0 million in Q3 2022.
- A 5-year average of $1.1 billion and a median of $1.2 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses fell 5.83% — and 2023, when it soared 41.15%.
- Tracing ICE's Operating Expenses over 5 years: stood at $904.0 million in 2022, then soared by 41.15% to $1.3 billion in 2023, then declined by 2.35% to $1.2 billion in 2024, then advanced by 1.69% to $1.3 billion in 2025, then climbed by 0.63% to $1.3 billion in 2026.
- The last three Operating Expenses figures came in at $1.3 billion (Q2 2026), $1.3 billion (Q1 2026), and $1.3 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.61 Bn | 123.47 Bn | 2.98 Bn | 2.35 Bn |
| 2 | Cme | 97.52 Bn | 97.52 Bn | 1.65 Bn | 599.10 Mn |
| 3 | Intercontinental Exchange | 89.57 Bn | 87.62 Bn | - | 1.28 Bn |
| 4 | Moodys | 86.76 Bn | 85.26 Bn | 1.67 Bn | 1.14 Bn |
| 5 | Nasdaq | 54.95 Bn | 54.24 Bn | 1.50 Bn | 788.00 Mn |
| 6 | Coinbase Global | 45.29 Bn | 36.50 Bn | 1.16 Bn | 1.33 Bn |
| 7 | Msci | 41.31 Bn | 40.96 Bn | 717.10 Mn | 379.50 Mn |
| 8 | Cboe Global Markets | 30.95 Bn | 28.56 Bn | 731.60 Mn | 255.60 Mn |
| 9 | TransUnion | 16.34 Bn | 15.50 Bn | 765.00 Mn | 1.05 Bn |
| 10 | Factset Research Systems | 10.81 Bn | 10.51 Bn | 310.73 Mn | 456.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.28 Bn |
| Mar 31, 2026 | 1.31 Bn |
| Dec 31, 2025 | 1.27 Bn |
| Sep 30, 2025 | 1.24 Bn |
| Jun 30, 2025 | 1.25 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Dec 31, 2024 | 1.25 Bn |
| Sep 30, 2024 | 1.25 Bn |
| Jun 30, 2024 | 1.25 Bn |
| Mar 31, 2024 | 1.23 Bn |
| Dec 31, 2023 | 1.28 Bn |
| Sep 30, 2023 | 1.16 Bn |
| Jun 30, 2023 | 933.00 Mn |
| Mar 31, 2023 | 927.00 Mn |
| Dec 31, 2022 | 904.00 Mn |
| Sep 30, 2022 | 898.00 Mn |
| Jun 30, 2022 | 945.00 Mn |
| Mar 31, 2022 | 907.00 Mn |
| Dec 31, 2021 | 960.00 Mn |
| Sep 30, 2021 | 924.00 Mn |