Intercontinental Exchange (ICE) Investor presentation summary

Business overview and strategy

• Operates global digital networks across asset classes, serving financial institutions, corporations, and governments.

• Expanded from U.S. power industry roots to a diversified platform in futures, equities, fixed income, and mortgages.

• Focuses on transparency, efficiency, and compounding growth through technology and data services.

• Maintains an innovative, entrepreneurial culture and mission-critical networks.

• Strategic M&A targets deepen moats, expand technology, and accelerate growth, with rigorous financial criteria and synergy realization.

Key segments and product offerings

• Exchanges: Operates major global futures and equities exchanges, including NYSE, with a diverse energy and commodity suite.

• Fixed Income & Data Services: Provides pricing, analytics, indices, and electronic execution for fixed income markets.

• Mortgage Technology: Offers end-to-end digital mortgage solutions, including origination, closing, servicing, and analytics.

• Proprietary data and network technology underpin all segments, supporting workflow automation and customer connectivity.

Financial performance and growth

• Achieved $10.4 billion in total revenues and $4.5 billion in adjusted free cash flow (TTM).

• Maintained 20 consecutive years of adjusted EPS growth, with a 15% CAGR from 2006–2025.

• Recurring revenues represent ~49% of total, with balanced and diversified transaction-based income.

• Operating margins remain strong, with a 62% adjusted margin and consistent value creation.