FINHUB Insights

ICE · Q3 FY25 · Jul 1 – Sep 30, 2025

Intercontinental Exchange Q3 FY25: where the revenue came from and where it went

Intercontinental Exchange Q3 FY25: revenue $3.0B (−1% year over year). Net profit $0.8B. Largest cohort Cash equity $0.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 30, 2025 10-Q
Sankey diagram of Intercontinental Exchange's income statement for Q3 FY25: revenue of $3.01 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$3.01B −1% year over year
Gross profit$1.25B 42% margin
Operating profit$1.17B 39% margin
Net profit$0.82B 27% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 3.01 100% −1%
Cash equity 0.70 23% −11%
Other 0.66 22%
Energy futures & options 0.48 16% +2%
Fixed income data 0.31 10% +5%
Exchange data 0.26 9% +9%
Servicing software 0.22 7% +3%
Origination technology 0.19 6% +3%
Other data & network 0.18 6% +11%
Cost of revenue−1.7658%
Gross profit1.2542% margin+3pp
SG&A−0.083%+1pp
Operating profit1.1739% margin+3pp
Tax−0.25
Interest & other costs−0.11
Net profit0.8227%+5pp
Filing on EDGAR More quarters of ICE

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.