Intercontinental Exchange (ICE) Operating Margin (2012 - 2026)
Intercontinental Exchange posted quarterly Operating Margin of 55.93% for Q1 2026, up 656.0% year-on-year from 7.4% in Q1 2025, and up 42.06% on a QoQ basis from 39.37% in Q4 2025.
Intercontinental Exchange (ICE) has 15 years of Operating Margin data on file, last reported at 55.93% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 656.0% year-over-year to 55.93%; the trailing twelve-month figure through Mar 2026 stood at 48.52% (up 736.0% YoY), and the FY2025 full-year result was 39.0%, up 236.0% from the prior year.
- Operating Margin for Q1 2026 stood at 55.93%, up from 39.37% in the prior quarter.
- Across five years, Operating Margin topped out at 123.17% in Q4 2023 and bottomed at 34.79% in Q3 2023.
- The 5-year median for Operating Margin is 48.87% (2022), against an average of 49.85%.
- The widest annual swing landed in 2022, when Operating Margin sank 795113 bps; it then soared 7430 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 48.87% in 2022, then jumped by 152 bps to 123.17% in 2023, then plunged by 71 bps to 35.54% in 2024, then advanced by 11 bps to 39.37% in 2025, then soared by 42 bps to 55.93% in 2026.
- The last three Operating Margin figures came in at 55.93% (Q1 2026), 39.37% (Q4 2025), and 48.69% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 48.00% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 69.66% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 55.93% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 44.35% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 30.74% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -1.52% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 53.70% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 39.72% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 19.65% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 30.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 55.93% |
| Dec 31, 2025 | 39.37% |
| Sep 30, 2025 | 48.69% |
| Jun 30, 2025 | 51.00% |
| Mar 31, 2025 | 49.37% |
| Dec 31, 2024 | 35.54% |
| Sep 30, 2024 | 36.37% |
| Jun 30, 2024 | 46.01% |
| Mar 31, 2024 | 37.95% |
| Dec 31, 2023 | 123.17% |
| Sep 30, 2023 | 34.79% |
| Jun 30, 2023 | 50.58% |
| Mar 31, 2023 | 51.11% |
| Dec 31, 2022 | 48.87% |
| Sep 30, 2022 | 50.41% |
| Jun 30, 2022 | 36.01% |
| Mar 31, 2022 | 52.24% |
| Dec 31, 2021 | 8,000.00% |
| Sep 30, 2021 | 38.56% |
| Jun 30, 2021 | 37.44% |
| Mar 31, 2021 | 36.72% |
| Dec 31, 2020 | 46.68% |
| Sep 30, 2020 | 44.44% |
| Jun 30, 2020 | 53.33% |
| Mar 31, 2020 | 41.70% |
| Dec 31, 2019 | 47.92% |
| Sep 30, 2019 | 52.84% |
| Jun 30, 2019 | 52.39% |
| Mar 31, 2019 | 52.36% |
| Dec 31, 2018 | 51.68% |
| Sep 30, 2018 | 50.17% |
| Jun 30, 2018 | 52.57% |
| Mar 31, 2018 | 53.06% |
| Dec 31, 2017 | 51.66% |
| Sep 30, 2017 | 52.01% |
| Jun 30, 2017 | 51.61% |
| Mar 31, 2017 | 49.91% |
| Dec 31, 2016 | 49.03% |
| Sep 30, 2016 | 43.97% |
| Jun 30, 2016 | 48.80% |
| Mar 31, 2016 | 50.61% |
| Dec 31, 2015 | 47.77% |
| Sep 30, 2015 | 43.97% |
| Jun 30, 2015 | 48.80% |
| Mar 31, 2015 | 50.61% |
| Dec 31, 2014 | 50.00% |
| Sep 30, 2014 | 53.92% |
| Jun 30, 2014 | 53.95% |
| Mar 31, 2014 | 54.35% |
| Dec 31, 2013 | 30.41% |
| Sep 30, 2013 | 59.76% |
| Jun 30, 2013 | 60.48% |
| Mar 31, 2013 | 56.82% |
| Dec 31, 2012 | 59.57% |