Intercontinental Exchange (ICE)
NYSEFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-10-30
$168.85+3.56%
Close 2026-10-30 · 1-day change
NYSEFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-10-30
Research Workspace
Put ICE beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Financials is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Operating expenses within guided range: Comparison needs review.
View ThesisRevenue growth is accelerating — up about 12% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — what the market is pricing in runs ahead of what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskICE’s recurring exchange, fixed-income, and mortgage technology revenue is the core growth claim. Revenue growth accelerated from 5% to 15%; Q3 2026 earnings beat consensus. ICE trades at 20× P/E versus a 12× peer median, near its 20× history. The market prices in more growth than forecast, leaving that premium to be earned. Our model puts the next-quarter miss probability near 19%. Operating expenses within guided range require review; the comparison is unverified. Peer multiples imply a price about 23% below where it trades; the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-30. ICE is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 17 analysts currently covering ICE (as of Oct 2026).
Based on 7 Wall Street analysts offering 12-month price targets for ICE in the last 4 months.
Continue this research
Compare ICE with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| ICE Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Financial Exchanges & Data — fair value, gap to price, and forward P/E.
Compare the value case
Put ICE next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Grow recurring revenue in exchange, fixed income, and mortgage technology
Higher profit and revenue confirm broad operating strength, supporting recurring growth objectives.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $168.85
The last 12 months of price, then the range of analyst 12-month targets from today’s $168.85.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Complete acquisition of MarketAxess to build fixed income ecosystem
Early antitrust clearance advances the MarketAxess deal, though completion remains outstanding.
Advances: Grow recurring revenue in exchange, fixed income, and mortgage technology
Longer options hours expand exchange access and potential trading activity incrementally.
Advances: Grow recurring revenue in exchange, fixed income, and mortgage technology
Extended NYSE American options hours offer a modest exchange product expansion.
Advances: Grow recurring revenue in exchange, fixed income, and mortgage technology
NYSE announces extended options hours, modestly expanding exchange offerings and access.
Advances: Grow recurring revenue in exchange, fixed income, and mortgage technology
London gold futures launch expands ICE’s exchange product reach in a major market.
Advances: Grow recurring revenue in exchange, fixed income, and mortgage technology
New London gold futures broaden ICE’s product offering and trading opportunities.
Threatens: Complete acquisition of MarketAxess to build fixed income ecosystem
Reset HSR waiting period delays MarketAxess merger clearance and completion.