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Upturn AI Summary - About
Intercontinental Exchange Inc(ICE)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ICE
10/19/2026: ICE (1-star) is currently NOT-A-BUY. Pass it for now.
Intercontinental Exchange (ICE) is a global financial infrastructure company that operates key exchanges like the New York Stock Exchange, alongside a growing mortgage technology and data segment. Its primary strength lies in its diversified, recurring revenue model that reduces reliance on volatile trading volumes. The company’s long-term investment story centers on its transformation into a technology-driven workflow automation provider for the financial and mortgage industries. Key risks include intense competition, interest rate sensitivity impacting housing demand, and the execution complexity of its recent acquisitions. With a history of stable margins and dividend payments, it may suit investors seeking exposure to financial market infrastructure and steady income streams.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | ICE offers growth through continuous expansion into high-margin data and technology services. |
| Momentum investor | Mixed fit | Momentum varies based on market volatility cycles and broader macro-economic trends influencing trading volume. |
| Value investor | Mixed fit | The company's premium valuation is often justified by its high-quality, recurring cash flows rather than deep-value metrics. |
| Dividend investor | Strong fit | ICE provides stable, growing dividends supported by a reliable and cash-generative business model. |
| Low-risk investor | Strong fit while signal remains positive | The company's strong market position and diversified income streams provide a level of resilience during market downturns. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | While volatility can boost trading volumes, it also drives stock price fluctuations for the company itself. |
| Valuation risk | Medium | Investors pay a premium for ICE's high-quality business, which leaves little room for earnings disappointment. |
| Competition risk (Exchange and Tech) | Medium / high | ICE faces relentless competition from rivals like CME and Nasdaq in its core trading and data segments. |
| Business quality | Strong | ICE possesses deep economic moats created by high regulatory barriers and entrenched customer networks. |
| Dividend income | Low | Dividends are well-covered, providing a stable but modest income stream for investors. |
| Execution risk | Medium | Success relies heavily on integrating complex technologies and managing large-scale acquisitions. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 20.55% | Avg. Invested days 56 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/19/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 90.70B USD | Price to earnings Ratio 22.79 | 1Y Target Price 187.53 |
Price to earnings Ratio 22.79 | 1Y Target Price 187.53 | ||
Volume (30-day avg) 2.9M shares | Beta 0.94 | 52 Weeks Range 121.39 - 174.25 | Updated Date 10/18/2026 |
52 Weeks Range 121.39 - 174.25 | Updated Date 10/18/2026 | ||
Dividends yield (FY) 1.26% | Basic EPS (TTM) 7.09 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Exchanges | Transaction fees from trading derivatives and equity products. | This is the core, high-visibility business that fluctuates with market volume. |
| Fixed Income & Data | Subscriptions for financial data, indices, and analytics. | Provides reliable, recurring revenue that smooths out trading volatility. |
| Mortgage Technology | Platform fees and services for mortgage loan origination. | A tech-focused growth engine that depends on housing market activity. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 22.79 | Forward PE 18.08 | Enterprise Value 105.68B | Price to Sales(TTM) 8.59 |
Enterprise Value 105.68B | Price to Sales(TTM) 8.59 | ||
Enterprise Value to Revenue 7.87 | Enterprise Value to EBITDA 13.75 | Shares Outstanding 561.39M | Shares Floating 557.54M |
Shares Outstanding 561.39M | Shares Floating 557.54M | ||
Percent Insiders 0.81 | Percent Institutions 96.59 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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