ICE Intercontinental Exchange margins

Relative Growth: Rel. Growth: 89

Relative Strength: Rel. Strength: 77

Relative Valuation: Rel. Valuation: 48

Relative Profitability: Rel. Profitability: 91

Gross margin

63.2%

Operating margin

40.6%

EBITDA margin

55.7%

Net margin

29.6%

For the latest period, Intercontinental Exchange has a gross margin of 63.2%, an operating margin of 40.6%, an EBITDA margin of 55.7%, and a net margin of 29.6%. Each available margin advanced from the same period last year. Net margin recorded the strongest gain, gaining by 4.4 percentage points.

ICE margin history

Gross, operating, EBITDA and net margin trends

Intercontinental Exchange's margins averaged 63.43% gross, 38.08% operating, 52.03% EBITDA, and 25.18% net during the last 3 years. Against the three-year averages, operating, EBITDA, and net margins are above their three-year averages and gross margin is below its three-year average.

ICE margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by net margin with an increase of 4.4 percentage points.

Gross margin expansion

0.9pp

Operating margin expansion

2.5pp

EBITDA margin expansion

3.8pp

Net margin expansion

4.4pp

ICE Gross margin

Across the last 3 years, Intercontinental Exchange recorded an average gross margin of 63.43%. Intercontinental Exchange's current gross margin is 63.2% and is 0.2 percentage points below its three-year average. The highest gross margin for Intercontinental Exchange was 65.3% in Mar 2024, while the lowest was 61.6% in Jun 2025.

ICE Operating margin

The average operating margin for Intercontinental Exchange was 38.08% over the last 3 years. Currently, Intercontinental Exchange's current operating margin is 40.6%, which is 2.5 percentage points above its three-year average. The operating margin for Intercontinental Exchange moved between 36.1% in Jun 2024 and 41.1% in Mar 2026.

ICE EBITDA margin

Intercontinental Exchange recorded an average EBITDA margin of 52.03% across the last 3 years. At present, the current EBITDA margin for Intercontinental Exchange is 55.7%, 3.7 percentage points above its three-year average. The EBITDA margin for Intercontinental Exchange moved between 48.9% in Dec 2023 and 57.1% in Mar 2026.

ICE Net margin

Across the last 3 years, Intercontinental Exchange's net margin came to 25.18%. The current net margin stands at 29.6%, 4.4 percentage points above its three-year average. Net margin was highest at 30.1% in Jun 2026 and lowest at 21.3% in Sep 2024.

ICE margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 63.2%, ICE stands lower than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 83.5%, Intercontinental Exchange's gross margin is 24% lower.

ICE margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Intercontinental Exchange's gross margin?

As of Sep 30, 2026, ICE has a gross margin of 63.2%.

What is Intercontinental Exchange's operating margin?

The current operating margin for ICE is 40.6% as of Sep 30, 2026.

What is Intercontinental Exchange's EBITDA margin?

As of Sep 30, 2026, ICE has an EBITDA margin of 55.7%.

What is Intercontinental Exchange's net margin?

As of Sep 30, 2026, ICE has a net margin of 29.6%.

What are the average margins of ICE?

Over the past 3 years, ICE reported average margins of 63.4% gross, 38.1% operating, 52.0% EBITDA, and 25.2% net.

What are the highest historical margins of ICE?

Over the last 5 years, Intercontinental Exchange's highest margins were 65.3% gross in Mar 2024, 41.1% operating in Mar 2026, 77.7% EBITDA in Dec 2021, and 44.3% net in Dec 2021.

What are the lowest historical margins of ICE?

Across the 5-year period, ICE posted its lowest margins at 61% gross in Mar 2023, 36.1% operating in Jun 2024, 35.3% EBITDA in Dec 2022, and 15% net in Dec 2022.