Intercontinental Exchange (ICE) Research & Development (2013 - 2026)
Intercontinental Exchange posted quarterly Research & Development of $238.0 million for Q1 2026, up 11.74% year-on-year from $213.0 million in Q1 2025, and up 6.73% on a QoQ basis from $223.0 million in Q4 2025.
Intercontinental Exchange (ICE) has 14 years of Research & Development data on file, last reported 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.
- Across five years, Research & Development topped out at $238.0 million in Q1 2026 and bottomed at $169.0 million in Q2 2022.
- The 5-year median for Research & Development is $205.0 million (2023), against an average of $198.4 million.
- The widest annual swing landed in 2023, when Research & Development decreased 1.71%; it then increased 23.7% in 2024.
- A 5-year view of Research & Development shows it stood at $170.0 million in 2022, then rose by 20.59% to $205.0 million in 2023, then grew by 5.85% to $217.0 million in 2024, then gained by 2.76% to $223.0 million in 2025, then advanced 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 | 126.06 Bn | 129.16 Bn | 2.94 Bn | - |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 76.60 Mn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 238.00 Mn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | - |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 84.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 195.86 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 49.60 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 27.60 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | - |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 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 |
| Mar 31, 2021 | 162.00 Mn |
| Dec 31, 2020 | 161.00 Mn |
| Sep 30, 2020 | 131.00 Mn |
| Jun 30, 2020 | 126.00 Mn |
| Mar 31, 2020 | 131.00 Mn |
| Dec 31, 2019 | 123.00 Mn |
| Sep 30, 2019 | 126.00 Mn |
| Jun 30, 2019 | 113.00 Mn |
| Mar 31, 2019 | 107.00 Mn |
| Dec 31, 2018 | 112.00 Mn |
| Sep 30, 2018 | 107.00 Mn |
| Jun 30, 2018 | 108.00 Mn |
| Mar 31, 2018 | 105.00 Mn |
| Dec 31, 2017 | 103.00 Mn |
| Sep 30, 2017 | 99.00 Mn |
| Jun 30, 2017 | 97.00 Mn |
| Mar 31, 2017 | 98.00 Mn |
| Dec 31, 2016 | 97.00 Mn |
| Sep 30, 2016 | 93.00 Mn |
| Jun 30, 2016 | 92.00 Mn |
| Mar 31, 2016 | 92.00 Mn |
| Dec 31, 2015 | 56.00 Mn |
| Sep 30, 2015 | 49.00 Mn |
| Jun 30, 2015 | 47.00 Mn |
| Mar 31, 2015 | 51.00 Mn |
| Dec 31, 2014 | 53.00 Mn |
| Sep 30, 2014 | 45.00 Mn |
| Jun 30, 2014 | 43.00 Mn |
| Mar 31, 2014 | 47.00 Mn |
| Dec 31, 2013 | 27.00 Mn |
| Sep 30, 2013 | 13.00 Mn |
| Jun 30, 2013 | 12.00 Mn |
| Mar 31, 2013 | 11.00 Mn |