Exchanges was Intercontinental Exchange’s largest revenue line in fiscal 2025, bringing in $3.33B of $6.91B (48%).
| Timing of Transfer of Good or Service | FY 2014 | FY 2015 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Trading & Clearing | — | — | — | — | ||||||
| Exchanges | $2.31B | $1.86B | $3.03B | $3.33B | ||||||
| Fixed Income & Data Services | $1.72B | $1.78B | $1.87B | $1.99B | ||||||
| Data & Listings | — | — | — | — | ||||||
| Data & Listings Segments | — | — | — | — | ||||||
| Mortgage Technology | $674.00M | $976.00M | $1.57B | $1.59B | ||||||
| Total | $4.70B | $4.62B | $6.47B | $6.91B |
Intercontinental Exchange brought in $6.91B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 6.7% from $6.47B in fiscal 2024. Exchanges was the largest at $3.33B (48.2%), ahead of Fixed Income & Data Services at $1.99B (28.8%) and Mortgage Technology at $1.59B (23.0%).
Compared with fiscal 2024, Exchanges grew fastest, up 9.8% to $3.33B. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $4.70B to $6.91B, a compound annual growth rate of 13.7%. Exchanges' share of the total fell from 49.1% to 48.2%.
Cash Equities & Equity Options was Intercontinental Exchange’s largest product and service line in fiscal 2017, bringing in $1.49B of $5.84B (26%).
| Product and Service | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|
| Total Revenues | $5.96B | — | — |
| Cash Equities & Equity Options | — | $1.78B | $1.49B |
| Transaction-Based Expenses | $1.34B | — | — |
| Pricing & Analytics | — | — | $970.00M |
| Energy Futures & Options Contracts | — | — | $909.00M |
| Data Services | $871.00M | — | — |
| Exchange Data & Feeds | — | $602.00M | $632.00M |
| Desktops & Connectivity | — | $518.00M | $482.00M |
| Listings | $405.00M | $432.00M | $426.00M |
| Financial Futures & Options Contracts | — | $318.00M | $326.00M |
| Agricultural & Metals Futures And Options Contracts | — | $228.00M | $216.00M |
| Transaction & Clearing, Net | $3.23B | $219.00M | — |
| Other Revenues | $178.00M | $177.00M | $202.00M |
| Fixed Income & Credit | — | $143.00M | $139.00M |
| Otc & Other Transactions | — | $50.00M | $50.00M |
| Total | $11.98B | $4.47B | $5.84B |
Intercontinental Exchange brought in $5.84B from its 11 product and service lines in fiscal 2017, the year ended December 31, 2017. Intercontinental Exchange regrouped these lines after fiscal 2016, so the total does not compare directly with that year's $4.47B. Cash Equities & Equity Options was the largest at $1.49B (25.5%), ahead of Pricing & Analytics at $970.00M (16.6%) and Energy Futures & Options Contracts at $909.00M (15.6%). The other eight lines brought in $2.47B combined.
Compared with fiscal 2016, Other Revenues grew fastest, up 14.1% to $202.00M, while Cash Equities & Equity Options fell the most, down 16.2% to $1.49B.
Intercontinental Exchange began breaking out Cash Equities & Equity Options in fiscal 2016, Pricing & Analytics in fiscal 2017, Energy Futures & Options Contracts in fiscal 2017 and Exchange Data & Feeds in fiscal 2016. Intercontinental Exchange stopped reporting Total Revenues ($5.96B in fiscal 2015), Transaction-Based Expenses ($1.34B in fiscal 2015), Data Services ($871.00M in fiscal 2015) and one other as separate lines.
United States was Intercontinental Exchange’s largest region in fiscal 2023, bringing in $5.25B of $7.99B (66%).
| Geography | FY 2011 | FY 2012 | FY 2014 | FY 2015 | FY 2016 | FY 2019 | FY 2020 | FY 2021 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|
| United States | $3.93B | $4.83B | $5.25B | ||||||
| United States | — | — | — | ||||||
| Foreign Countries | $2.10B | $2.31B | $2.74B | ||||||
| United Kingdom, Continental Europe, & Canada | — | — | — | ||||||
| Total | $6.04B | $7.15B | $7.99B |
Intercontinental Exchange brought in $7.99B from its two regions in fiscal 2023, the year ended December 31, 2023. That was up 11.8% from $7.15B in fiscal 2021, the previous year with figures. United States was the largest at $5.25B (65.7%), ahead of Foreign Countries at $2.74B (34.3%).
Compared with fiscal 2021, the previous year with figures, Foreign Countries grew 18.5% to $2.74B and United States grew 8.6% to $5.25B. From fiscal 2020 to 2023, combined revenue from these regions grew from $6.04B to $7.99B, a compound annual growth rate of 9.8%. United States' share of the total rose from 65.2% to 65.7%.
Intercontinental Exchange (ICE) reports its revenue by timing of transfer of good or service, by product and service and by geography. In fiscal 2025, Exchanges was its largest revenue line, bringing in $3.33B (48.2% of the total), followed by Fixed Income & Data Services at $1.99B (28.8%).
Exchanges was Intercontinental Exchange's largest revenue line in fiscal 2025, bringing in $3.33B, or 48.2% of the $6.91B total across its three revenue lines.
Cash Equities & Equity Options was Intercontinental Exchange's largest product and service line in fiscal 2017, bringing in $1.49B, or 25.5% of the $5.84B total across its 11 product and service lines.
United States was Intercontinental Exchange's largest region in fiscal 2023, bringing in $5.25B, or 65.7% of the $7.99B total across its two regions.
Among Intercontinental Exchange's revenue lines that make up at least 2% of revenue, Exchanges grew fastest in fiscal 2025, up 9.8% from $3.03B to $3.33B.
Every figure comes from Intercontinental Exchange's annual financial filings, as reported. Each line keeps the name Intercontinental Exchange gives it, and years follow its fiscal calendar.
Intercontinental Exchange's revenue by timing of transfer of good or service goes back to fiscal 2014, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.