INTERCONTINENTAL EXCHANGE, INC.
At today's price, INTERCONTINENTAL EXCHANGE, INC. (ICE) is priced for +1.4% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Intercontinental Exchange owns the rails of global trading, and the economics are extraordinary: its Exchanges segment posted an 80% adjusted operating margin in the first quarter of 2026, the kind of profitability that comes only from an entrenched network position. • The defining risk is regulatory and competitive pressure on data fees, since ICE's own filing warns that regulatory developments or court rulings could reduce the revenue it earns from exchange market-data and connectivity fees
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1,667 institutional managers reported holding ICE in 13F filings for the quarter ended 2026-03-31. Together they hold about 88% of the company; the top 10 hold 38%. 119 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 10.4M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ICE's share count grew 0.7% over the past five years even with $2.74B spent on repurchases. It pays a dividend, and has paid one every year in our records (13 and counting), raised 9 years straight; the current rate is $1.92 a share annually. Cash returned over the past three years: $2.92B in dividends and $1.86B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ICE over the trailing three years. Absence is a fact about the company, not a signal. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ICE's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -0.9% | -2.7% |
| 2023-11-03 | -0.3% | +16.6% |
| 2024-02-09 | +5.8% | -1.4% |
| 2024-05-03 | +1.4% | +7.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ICE's latest 8-K filings: 2026-05-19 (items 5.07); 2026-04-30 (items 2.02, 9.01); 2026-02-05 (items 2.02, 9.01); 2025-11-17 (items 8.01, 9.01); 2025-10-30 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.