Intercontinental Exchange (ICE) Research & Development (2013 - 2026)
Intercontinental Exchange (ICE) reported Research & Development of $238.0 million for Q1 2026, up 11.74% on a YoY basis from $213.0 million in Q1 2025, and up 6.73% quarter-over-quarter from $223.0 million in Q4 2025.
Intercontinental Exchange (ICE) Research & Development (2013 - 2026) Analysis & Trends
Intercontinental Exchange has reported Research & Development for 14 years, with the latest figure at $238.0 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 11.74% year-over-year to $238.0 million; the trailing twelve-month figure through Mar 2026 stood at $895.0 million (up 4.56% YoY), and the FY2025 full-year result was $870.0 million, up 2.59% from the prior year.
- Research & Development for Q1 2026 stood at $238.0 million, up from $223.0 million in the prior quarter.
- The five-year high for Research & Development was $238.0 million in Q1 2026, with the low at $169.0 million in Q2 2022.
- Historically, Research & Development has averaged $198.4 million across 5 years, with a median of $205.0 million in 2023.
- Annual changes were most pronounced in 2023 — Research & Development decreased 1.71% — and 2024, when it increased 23.7%.
- Intercontinental Exchange's Research & Development stood at $170.0 million in 2022, then increased by 20.59% to $205.0 million in 2023, then climbed by 5.85% to $217.0 million in 2024, then rose by 2.76% to $223.0 million in 2025, then gained by 6.73% to $238.0 million in 2026.
- The last three Research & Development figures came in at $238.0 million (Q1 2026), $223.0 million (Q4 2025), and $219.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | - |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 76.60 Mn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | - |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 238.00 Mn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 84.00 Mn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | 195.86 Mn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 49.60 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 27.60 Mn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | - |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 238.00 Mn |
| Dec 31, 2025 | 223.00 Mn |
| Sep 30, 2025 | 219.00 Mn |
| Jun 30, 2025 | 215.00 Mn |
| Mar 31, 2025 | 213.00 Mn |
| Dec 31, 2024 | 217.00 Mn |
| Sep 30, 2024 | 212.00 Mn |
| Jun 30, 2024 | 214.00 Mn |
| Mar 31, 2024 | 205.00 Mn |
| Dec 31, 2023 | 205.00 Mn |
| Sep 30, 2023 | 184.00 Mn |
| Jun 30, 2023 | 173.00 Mn |
| Mar 31, 2023 | 172.00 Mn |
| Dec 31, 2022 | 170.00 Mn |
| Sep 30, 2022 | 169.00 Mn |
| Jun 30, 2022 | 169.00 Mn |
| Mar 31, 2022 | 175.00 Mn |
| Dec 31, 2021 | 171.00 Mn |
| Sep 30, 2021 | 168.00 Mn |
| Jun 30, 2021 | 165.00 Mn |