What is the 13F Pro Quality Score for ICE?

13F Pro ranks Intercontinental Exchange, Inc. (ICE) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View ICE's current score at https://13fpro.ai/company/ICE (free sign-up required for the full ranking).

Which hedge funds own the most ICE stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of ICE include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/ICE as soon as new 13F filings post.

Where does 13F Pro source ICE data?

All Intercontinental Exchange, Inc. fundamentals and ownership data come directly from SEC EDGAR. Intercontinental Exchange, Inc. files with the SEC under CIK 1571949. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is ICE in?

Intercontinental Exchange, Inc. (ICE) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives ICE's revenue?

Per Intercontinental Exchange, Inc.'s latest 10-Q filed with the SEC on 2026-07-30, the biggest revenue drivers are: Exchanges ($2,409M, +13% YoY); Fixed Income and Data Services ($645M, +8% YoY); Mortgage Technology ($557M, +5% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/ICE.

What are ICE's largest expenses?

Intercontinental Exchange, Inc.'s latest 10-Q reports these as the largest expense items: Compensation and benefits ($509M, +2% YoY); Depreciation and amortization ($389M, -1% YoY); Technology and communication ($242M, +13% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is ICE research updated on 13F Pro?

ICE's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Intercontinental Exchange, Inc.(ICE)Stock Analysis

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SEC EDGAR: CIK 1571949 ICE stock profile & AI dashboard →

13F Pro Quality Score

73.7/100

Rank #132 of 2,961 stocksTOP 5%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

67.8/100

Profitability

92.2/100

Balance Sheet

56.1/100

Earnings Quality

62.4/100

Free Cash Flow

89.8/100

Institutional Flow

65.4/100

Revenue Scale

89.1/100

Dilution Risk

41.1/100

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Why ICE Scores 74/100

exact factor attribution · 2026-09-11

ICE's composite is driven by profitability and scale. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Profitability

+8.4 pts

92th pct

Scale

+7.8 pts

89th pct

Free cash flow

+6.0 pts

90th pct

Revenue growth

+4.8 pts

68th pct

Earnings growth

+1.4 pts

72th pct

Earnings quality

+1.2 pts

62th pct

Institutional flow

+1.0 pts

65th pct

Capital efficiency

+0.8 pts

56th pct

Shareholder dilution

-0.6 pts

41th pct

Latest change (2026-07-30): 74 → 70 · ↓ Revenue growth 74→54

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

ICE Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Intercontinental Exchange, Inc. (ICE), a Financials sector company. 13F Pro's AI-powered ranking engine scores ICE at 73.7/100 on a 32-signal composite quality model, placing it at rank #132 of 2,961 stocks — the top 5% of the AI-ranked universe. ICE scores in the top quartile across profitability (92.2), free cash flow (89.8), revenue scale (89.1). Shareholder dilution risk is elevated at 41.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Intercontinental Exchange, Inc. reports quarterly revenue of $3.6B, net income of $958.0M, an operating margin of 38.5%. Top institutional holders of ICE by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. ICE trades on the NYSE exchange and files with the SEC under CIK 1571949. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ICE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Intercontinental Exchange, Inc. directly from SEC EDGAR. Intercontinental Exchange, Inc.'s 13F Pro composite quality score has ranged between 59 and 77 since 2021, currently 73.7 — a stable long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about Intercontinental Exchange, Inc.

Quirks, history, and lore behind ICE — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial infrastructure company · large-cap · listed on the NYSE · headquartered in Atlanta, Georgia.
2
The Numbers
Annual revenue around $7–8 billion, spread across exchanges, clearing houses, and data services — it makes money whether markets go up, down, or sideways.
3
The History
Founded in 2000 as an electronic energy trading platform, it pivoted hard into financial exchanges and spent the next two decades on a global acquisition spree.
4
The Secret
It owns and operates mortgage technology infrastructure through its Encompass platform, making it a quiet giant in the U.S. home-loan pipeline — not just Wall Street.
5
The Lore
In 2013 it pulled off one of finance's great reversals: a scrappy upstart founded 13 years earlier bought the New York Stock Exchange, the world's oldest and most storied exchange.
6
The Giveaway
It runs the NYSE, operates 13+ exchanges globally, and its three-letter ticker is hiding in plain sight — it's literally frozen water.

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What's Driving ICE's Business? Latest 10-Q Breakdown

✓ 36/36 datapoints verified

AI-extracted from Intercontinental Exchange, Inc.'s 10-Q filed 2026-07-30 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue rose to $3,611M as Exchanges revenue grew 13% to $2,409M on record cash equities and financial futures activity, while ICE agreed to acquire MarketAxess for ~$6.0B.

Biggest Revenue Drivers

Exchanges$2,409M+13% YoY

Higher transaction and clearing revenues; Section 31 fees reinstated in April 2026

Fixed Income and Data Services$645M+8% YoY

Strength in fixed income data and analytics and data and network technology

Biggest Revenue Drivers

Total revenue: $3,611M

Exchanges$2,409M+13% YoY

Higher transaction and clearing revenues; Section 31 fees reinstated in April 2026

Within Exchanges

Cash equities and equity options$1,085M+29% YoY

Higher industry volumes driven by geopolitical risks and higher retail participation

Energy futures and options$518M-13% YoY

Oil volumes fell 25% on a confluence of prior period geopolitical risks and macroeconomic uncertainty

Fixed Income and Data Services$645M+8% YoY

Strength in fixed income data and analytics and data and network technology

Mortgage Technology$557M+5% YoY

Higher origination volumes, new client implementations and renewal expansions

Largest Expense Items

Compensation and benefits$509M+2% YoY

Merit-related pay increases, partially offset by higher capitalized labor and lower headcount

Depreciation and amortization$389M-1% YoY

Certain intangibles from 2015 and 2020 acquisitions became fully amortized in 2025

Technology and communication$242M+13% YoY

Increases in data center space, hardware and software maintenance price increases, higher revenue share license expense

Selling, general and administrative$63M-5% YoY

Driven by a $10 million reversal of a previously recorded regulatory matter accrual

Margins: Operating margin rose to 52% from 51%, with adjusted operating margin flat at 61%. Fixed Income margin improved to 42% from 37%; Exchanges margin slipped to 74% from 75%.

Watch Items from the Filing

Agreed July 29, 2026 to acquire MarketAxess for ~$6.0B all cash, backed by a $6.2B 364-day bridge facility; closing expected first half of 2027.
Energy futures and options revenue fell 13% YoY to $518M with volume down 21%, as oil volumes declined 25% versus the prior-year period.
Total debt of $19.8B, including $1.2B commercial paper at a 4.0% weighted average rate, before roughly $6B of new acquisition financing.
Equity investments without readily determinable fair values reached $2,386M, including ~$2.0B in Polymarket, marked up $389M on a Series E observable price change.
No customer accounted for more than 10% of consolidated revenues, less transaction-based expenses, in the six or three months ended June 30, 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$3.6B

Net Income

Q2 2026

$958.0M

Free Cash Flow

Q2 2026

$1.9B

Operating Margin

Q2 2026

38.5%

ROIC

Q2 2026

11.3%

D/E Ratio

Q2 2026

0.67

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+7.5% YoY

$12.64BFY 2025

FY22 $9.64BFY23 $9.90BFY24 $11.76BFY25 $12.64B

Net Income

+20.4% YoY

$3.31BFY 2025

FY22 $1.45BFY23 $2.37BFY24 $2.75BFY25 $3.31B

Operating Income

+14.4% YoY

$4.93BFY 2025

FY22 $3.64BFY23 $3.69BFY24 $4.31BFY25 $4.93B

EPS (Diluted)

+20.7% YoY

$5.77FY 2025

FY22 $2.58FY23 $4.19FY24 $4.78FY25 $5.77

Total Assets

-1.8% YoY

$136.89BFY 2025

FY22 $194.34BFY23 $136.08BFY24 $139.43BFY25 $136.89B

Total Debt

-3.6% YoY

$19.64BFY 2025

FY22 $18.12BFY23 $22.61BFY24 $20.37BFY25 $19.64B

Op. Cash Flow

+1.1% YoY

$4.66BFY 2025

FY22 $3.55BFY23 $3.54BFY24 $4.61BFY25 $4.66B

Free Cash Flow

+2.0% YoY

$4.29BFY 2025

FY22 $3.33BFY23 $3.35BFY24 $4.20BFY25 $4.29B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$12.64B +7.5%	$11.76B +18.8%	$9.90B +2.8%	$9.64B +5.1%	$9.17B +11.2%	$8.24B
Net Income	$3.31B +20.4%	$2.75B +16.3%	$2.37B +63.8%	$1.45B -64.4%	$4.06B +94.3%	$2.09B
Operating Income	$4.93B +14.4%	$4.31B +16.6%	$3.69B +1.5%	$3.64B +5.5%	$3.45B +13.7%	$3.03B
EPS (Diluted)	$5.77 +20.7%	$4.78 +14.1%	$4.19 +62.4%	$2.58 -64.1%	$7.18 +90.5%	$3.77
Total Assets	$136.89B -1.8%	$139.43B +2.5%	$136.08B -30.0%	$194.34B +0.4%	$193.50B +53.3%	$126.20B
Total Debt	$19.64B -3.6%	$20.37B -9.9%	$22.61B +24.8%	$18.12B +30.2%	$13.92B -15.8%	$16.54B
Operating Cash Flow	$4.66B +1.1%	$4.61B +30.1%	$3.54B -0.3%	$3.55B +13.8%	$3.12B +8.4%	$2.88B
Free Cash Flow	$4.29B +2.0%	$4.20B +25.4%	$3.35B +0.7%	$3.33B +13.1%	$2.94B +10.1%	$2.67B

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Available Research

13F Pro tracks comprehensive data for Intercontinental Exchange, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of ICE

BlackRock, Inc.
$6.2B50,727,686 sh
VANGUARD CAPITAL MANAGEMENT LLC
$4.5B36,936,565 sh
STATE STREET CORP
$3.2B25,966,680 sh
HARRIS ASSOCIATES L P
$2.2B18,050,700 sh
MORGAN STANLEY
$1.6B13,117,904 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.6B12,823,626 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.5B12,540,053 sh
WELLINGTON MANAGEMENT GROUP LLP
$1.5B11,812,273 sh
PRICE T ROWE ASSOCIATES INC /MD/
$1.3B10,932,954 sh
NORGES BANK
$1.1B9,161,733 sh

Fund	Value	Shares
BlackRock, Inc.	$6.2B	50,727,686
VANGUARD CAPITAL MANAGEMENT LLC	$4.5B	36,936,565
STATE STREET CORP	$3.2B	25,966,680
HARRIS ASSOCIATES L P	$2.2B	18,050,700
MORGAN STANLEY	$1.6B	13,117,904
GEODE CAPITAL MANAGEMENT, LLC	$1.6B	12,823,626
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.5B	12,540,053
WELLINGTON MANAGEMENT GROUP LLP	$1.5B	11,812,273
PRICE T ROWE ASSOCIATES INC /MD/	$1.3B	10,932,954
NORGES BANK	$1.1B	9,161,733

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Is ICE a good stock to buy?

13F Pro's AI-powered analysis of Intercontinental Exchange, Inc. (ICE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ICE are available on the ICE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. ICE is classified as a large company.

Which hedge funds own ICE?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ICE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Intercontinental Exchange, Inc.'s investment landscape.