Analyse produit facultative
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Intercontinental Exchange, Inc.'s published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $86.6B | |
|---|---|---|
| Revenue (ttm) | 10.6B | |
| Net income (ttm) | 4B | |
| EPS (ttm) | $7.08 | |
| Shares out | 561.4M | |
| P/E (trailing) | 22.0x | |
| P/E (forward) | 18.1x | |
| Dividend | $2.08 (1.35%) | |
| Volume | 2,488,612 | |
| Beta | 0.94 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $9.17B | $9.64B | $9.90B | $11.76B | $12.64B | +8.4% |
| Gross profit | $5.02B | $5.20B | $5.66B | $6.52B | $7.82B | +11.7% |
| Operating income | $3.45B | $3.64B | $3.69B | $4.31B | $4.93B | +9.3% |
| Net income | $4.06B | $1.45B | $2.37B | $2.75B | $3.32B | -4.9% |
| EPS (diluted) | $7.18 | $2.58 | $4.19 | $4.78 | $5.77 | -5.3% |
| EBITDA | $7.13B | $3.46B | $4.92B | $6.08B | $6.64B | -1.8% |
| R&D | $1 | $0 | $0 | — | — | -26.8% |
| SG&A | $215.0M | $226.0M | $266.0M | $307.0M | $293.0M | +8.0% |
Recent company headlines from major financial publishers.
The base case establishes Fair value at $133.03 with an estimated probability of 65.0%, reflecting an expected return of -13.8% against $154.31. Under this modal path, recurring exchange data and listings expand in line with management guidance, Fixed Income & Data Services sustains steady mid-single-digit compounding, and Mortgage Technology experiences a gradual multi-year stabilization rather than an immediate cyclical surge. Operating cash flows comfortably cover guided infrastructure investments and scheduled debt principal maturities while maintaining baseline share repurchases. This path would be disconfirmed if core exchange trading volumes suffer broad-based contraction or if operating expense inflation exceeds guidance through the forecast horizon.
The upside case projects a target of $152.64 with an estimated probability of 15.0%, representing a return of -1.1% relative to $154.31. This outcome requires a decisive recovery in domestic mortgage origination activity flowing through Encompass and Black Knight platforms at high incremental margins, accelerating Fixed Income & Data Services recurring subscription demand, and sustained commodities derivatives volatility. Elevated operating cash flow would facilitate accelerated balance sheet deleveraging and an increase in quarterly share repurchases beyond baseline levels, aligning valuation multiples with premier exchange peers toward $152.64. Disconfirmation would occur if mortgage software adoption remains flat or if elevated corporate debt service delays capital return through FY2027.
| Ke ↓ / g → | 2.5% | 2.8% | 3.0% | 3.3% | 3.5% |
|---|---|---|---|---|---|
| 8.1% | $136 | $136 | $136 | $136 | $136 |
| 8.6% | $134 | $134 | $134 | $134 | $134 |
| 9.1% | $133 | $133 | $133 | $133 | $133 |
| 9.6% | $132 | $132 | $132 | $132 | $132 |
| 10.1% | $130 | $130 | $130 | $130 | $130 |
Upcoming earnings date and setup when available.
La notation portée par l'édition de recherche publiée chaque mois. Une notation compare le cours à la date d'analyse à la juste valeur ; elle n'indique pas si l'appréciation s'est révélée juste.
| Année | janv. | févr. | mars | avr. | mai | juin | juil. | août | sept. | oct. | nov. | déc. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
