Intercontinental Exchange

ICE · Financials · Market cap $85.0B

Q4 FY25 Dec 31, 2025 reported Feb 5, 2026

Revenue$3.1B +4% year over year

Gross profit–

Operating profit$1.2B

Net profit$0.9B 27% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.1	100%	+4%
Mortgage Technology	2.1	68%
Exchanges Segment	1	32%
SG&A	−0.1	2%	+0pp
Other	−1.8	58%	+0pp
Operating profit	1.2	39% margin	+4pp
Tax	−0.1
Interest & other costs	−0.2
Net profit	0.9	27%	+4pp

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Dec 31, 2024).
Item	Value	Share of revenue	Year over year
Revenue	3	100%	+14%
Cash Equity and Equity Options	0.8	27%	+46%
Other	0.6	20%
Energy Futures and Options	0.5	17%	+15%
Fixed Income Data and Analytics	0.3	10%	+5%
Exchange Data	0.2	7%	−2%
Servicing Software	0.2	7%	−3%
Origination Technology	0.2	7%	+4%
Other Data and Network	0.2	7%	+6%
SG&A	−0.1	2%	+0pp
Other	−1.9	62%	+0pp
Operating profit	1.1	36% margin	+1pp
Tax	−0.2
Interest & other costs	−0.2
Net profit	0.7	23%	+9pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q4 FY25	Dec 31, 2025	Feb 5, 2026	$3.1B	+4%	39%	$0.9B	27%
Q4 FY24	Oct 1 – Dec 31, 2024	Feb 6, 2025	$3B	+14%	37%	$0.7B	23%