Intercontinental Exchange Inc. (ICE) Stock Analysis
Financial Services · Financial Data & Stock Exchanges
Hold if already holding. Not a fresh buy at $141.28, but acceptable to hold if already in. Reasons: Concentration risk — Product: Exchanges segment (55.0%); Below 200-MA, MA slope -3.0%/30d (confirmed downtrend).
Intercontinental Exchange operates 13 regulated exchanges and 6 clearing houses globally, spanning energy, agricultural, financial derivatives, equities, and mortgage technology across the U.S., UK, EU, Canada, and Asia Pacific. The three operating segments — Exchanges (55%),... Read more
Hold if already holding. Not a fresh buy at $141.28, but acceptable to hold if already in. Reasons: Concentration risk — Product: Exchanges segment (55.0%); Below 200-MA, MA slope -3.0%/30d (confirmed downtrend). Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Score 6.7/10, moderate confidence.
Passes 8/10 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 43d clear, semi cycle peak clear, materials cycle peak clear). Suitability: moderate.
About Intercontinental Exchange Inc.
About Intercontinental Exchange Inc.
Intercontinental Exchange generated approximately $9.9 billion in consolidated revenues, less transaction-based expenses in 2025, divided across three segments: Exchanges contributed $5.4 billion (55%), Fixed Income and Data Services contributed $2.4 billion (24%), and Mortgage Technology contributed $2.1 billion (21%). ICE operates 13 regulated exchanges and 6 clearing houses in the U.S., UK, EU, Canada, Asia Pacific, and the Middle East, employing 12,844 people globally — including 3,512 in India and 799 in the UK — as of December 31, 2025.
The Exchanges segment earns transaction fees from derivatives trading across energy, agricultural, metals, and financial products, listing fees from the NYSE — where approximately 70% of S&P 500 companies were listed and ICE held roughly $10.1 trillion of ETF assets under management as of December 31, 2025 — and recurring data and connectivity fees. The Fixed Income and Data Services segment provides pricing and reference data for over 3 million fixed income securities across 150 countries and 80 currencies, with revenues that are largely recurring in nature. Mortgage Technology earns a mix of SaaS subscription fees and transaction-based fees from lenders, servicers, and title agents across the U.S. residential mortgage lifecycle. ICE's cost structure is described in the 10-K as largely fixed, meaning that revenue declines — such as the sustained mortgage-volume reduction triggered by Federal Reserve rate increases beginning in 2022 — have a disproportionate impact on net income.
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ICE's Mortgage Technology revenues are directly tied to residential mortgage origination volumes, which have remained depressed since the Federal Reserve began raising rates in 2022. The 10-K describes mortgage lending volume as having 'decreased substantially' from that point, with the trend only 'stalled or partially reversed at times in 2023, 2024 and 2025.' Transaction-based mortgage fees, which fluctuate with loan closings, represent the most cyclically exposed component of ICE's revenue base; if interest rates remain elevated in 2026, this segment's transactional revenues could weigh on overall group performance even if Exchanges and Fixed Income recurring fee streams remain stable.
See also: Financial Services · Financial Data & Stock Exchanges
From Intercontinental Exchange Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-06-17Recent Developments — Intercontinental Exchange Inc.
Latest news
- NEWS Fund Update: 346,099 INTERCONTINENTAL EXCHANGE (ICE) shares added to MEITAV INVESTMENT HOUSE LTD portfolio - Quiver Quan — Quiver Quantitative neutral
- NEWS Intercontinental Exchange (ICE) Q1 Earnings: What To Expect - StockStory — StockStory neutral
- NEWS ICE Coffee Warehouse Stocks Down 13,660 Bags at 1,864,372 Bags… - stonex.com — stonex.com neutral
- NEWS Intercontinental Exchange, Inc. (ICE) - Q1 2026 Earnings Preview: Diversified Financial Infrastructure Positioned for Gr — UBND thành phố Hải Phòng positive
- NEWS Intercontinental Exchange Inc. (ICE) - Signals Point to Extended Earnings Beat Streak Ahead of Q1 2026 Results - Crowd R — Cổng thông tin điện tử tỉnh Lào Cai positive
Generated 2026-06-17T08:26:48Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductExchanges segment55%10-K Item 1: 'Our Exchanges segment generated revenues, less transaction-based expenses of $5.4 billion and accounted for 55% of our consolidated revenues'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Analyst Consensus
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $141.28, but acceptable to hold if already in. Reasons: Concentration risk — Product: Exchanges segment (55.0%); Below 200-MA, MA slope -3.0%/30d (confirmed downtrend). Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Target $177.90 (+25.9%), stop $132.92 (−6.3%), A.R:R 4.4:1. Score 6.7/10, moderate confidence.
Take-profit target: $177.90 (+25.9% upside). Target $177.90 (+25.9%), stop $132.92 (−6.3%), A.R:R 4.4:1. Stop-loss: $132.92.
Concentration risk — Product: Exchanges segment (55.0%); Below 200-MA, MA slope -3.0%/30d (confirmed downtrend).
Intercontinental Exchange Inc. trades at a P/E of 20.4 (forward 15.9). TrendMatrix value score: 6.1/10. Verdict: Hold.
21 analysts cover ICE with a consensus score of 4.1/5. Average price target: $198.
What does Intercontinental Exchange Inc. do?Intercontinental Exchange operates 13 regulated exchanges and 6 clearing houses globally, spanning energy,...
Intercontinental Exchange operates 13 regulated exchanges and 6 clearing houses globally, spanning energy, agricultural, financial derivatives, equities, and mortgage technology across the U.S., UK, EU, Canada, and Asia Pacific. The three operating segments — Exchanges (55%), Fixed Income and Data Services (24%), and Mortgage Technology (21%) — generated a combined ~$9.9 billion in consolidated revenues less transaction-based expenses in 2025.