Intercontinental Exchange Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Jeff Sprecher
Chief executive officer
US$22.1m
Total compensation
| CEO salary percentage | 6.31% |
| CEO tenure | 26yrs |
| CEO ownership | 0.5% |
| Management average tenure | 9.9yrs |
| Board average tenure | 7.2yrs |
Recent management updates
Recent updates
Narrative Update • May 13
ICE: Expanding Digital Assets And Clearing Services Will Support Future Repricing
Analysts have lifted the blended price target for Intercontinental Exchange by about $2 to roughly $201, citing recent target increases from several major firms along with one reduction. Together, these changes reflect reassessments of growth, margins, and the stock's future P/E expectations.Analysis Article • May 02
Intercontinental Exchange, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Intercontinental Exchange, Inc. ( NYSE:ICE ) shareholders are probably feeling a little disappointed, since its shares...Narrative Update • Apr 26
ICE: Expanding Digital Assets And Clearing Services Will Support Future Upside
The updated analyst price target for Intercontinental Exchange moves slightly higher to $198.80, with analysts pointing to recent target adjustments across several firms and modest tweaks to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions as key drivers of the change. Analyst Commentary Recent Street research on Intercontinental Exchange has been active, with a mix of target hikes, one target cut, and a rating upgrade that collectively shape a balanced view on valuation and execution risk.Narrative Update • Apr 11
ICE: Digital Asset Expansion And New Clearing Services Will Drive Future Upside
Intercontinental Exchange's fair value estimate has increased slightly to about $197.87 per share from $197.21, as analysts factor in slightly stronger revenue growth and profit margin assumptions, along with a modestly lower future P/E expectation and discount rate, following a mix of recent price target raises and trims. Analyst Commentary Recent Street research on Intercontinental Exchange has been active, with several firms adjusting price targets and one upgrade in rating.Seeking Alpha • Apr 08
Intercontinental Exchange: Heading For A Challenge Of The High (Upgrade)
Summary Intercontinental Exchange, Inc. is rated a Buy, with strong trading volume growth driven by geopolitical volatility and energy market focus. ICE posted record Q1 average daily volumes across energy, agriculture, metals, financials, and equities, directly boosting revenues and profits. Despite an F rating for valuation, ICE’s non-GAAP P/E of just under 24 is lower than CME’s, supporting potential market cap catch-up. I expect ICE’s Q1 and Q2 2026 earnings to beat consensus, with momentum likely to drive shares to new all-time highs. Read the full article on Seeking AlphaNarrative Update • Mar 27
ICE: Expanding Digital Assets Push Will Shape Future Return Potential
Analysts have nudged the fair value estimate for Intercontinental Exchange higher to $197.21 from $196.57, reflecting slightly updated assumptions on revenue growth, profit margins, and future P/E following a series of recent target changes and one upgrade to Buy. Analyst Commentary Recent Street research on Intercontinental Exchange has been active, with several firms adjusting price targets and at least one upgrading the rating.Narrative Update • Mar 12
ICE: Expanding Digital Assets And Futures Access Will Shape Returns
The updated analyst price target for Intercontinental Exchange edges higher to about $196.57, with analysts pointing to a series of recent target hikes and one upgrade to Buy as support for a slightly richer P/E assumption and modestly refined fair value inputs. Analyst Commentary Recent Street research on Intercontinental Exchange points to a cluster of target changes and one fresh upgrade.Narrative Update • Feb 26
ICE: Expanding Futures And Data Services Will Shape Returns
The analyst price target for Intercontinental Exchange has edged up from $195.57 to $196.00, with analysts citing updated assumptions around discount rates, revenue growth, profit margins and future P/E after a fresh round of Street research that included both target increases and trims. Analyst Commentary Recent Street research around Intercontinental Exchange includes a mix of price target increases and trims, which provides a snapshot of how sentiment is evolving on both the upside and the downside.Narrative Update • Feb 11
ICE: Trading Volumes And New Clearing Services Will Shape Future Returns
Analysts have raised their blended fair value estimate for Intercontinental Exchange by about $3.71 to $195.57, reflecting updated targets from several firms and recent changes to growth, margin and P/E assumptions. Analyst Commentary Recent Street research on Intercontinental Exchange shows a mix of higher and lower price targets, with most adjustments clustered ahead of and around quarterly reporting updates.Analysis Article • Feb 08
Intercontinental Exchange's (NYSE:ICE) Dividend Will Be Increased To $0.52
Intercontinental Exchange, Inc.'s ( NYSE:ICE ) dividend will be increasing from last year's payment of the same period...Narrative Update • Jan 26
ICE: Steady Trading Activity And Mortgage Technology Uncertainty Will Shape Future Returns
Intercontinental Exchange's updated analyst fair value estimate has edged up to about $191.86, a change of roughly $2.50, as analysts factor in recent shifts in price targets that reflect mixed views on mortgage technology visibility alongside steadier expectations around trading volumes and valuation multiples. Analyst Commentary Recent research on Intercontinental Exchange reflects a mix of optimism and caution, with several firms adjusting price targets in both directions and maintaining a range of ratings from Buy to Equal Weight and Overweight.Narrative Update • Jan 11
ICE: Trading Volumes And Prediction Markets Will Drive Long Term Opportunity
Analysts have trimmed their price targets on Intercontinental Exchange by a few dollars to reflect updated assumptions around fair value and earnings visibility, even as they point to healthy trading volumes and mixed views on mortgage technology. Analyst Commentary Recent Street research paints a mixed picture on Intercontinental Exchange, with several firms trimming price targets by single digits while broadly maintaining constructive views on the core exchange and data franchise.Narrative Update • Dec 21
ICE: Prediction Market Expansion Will Drive Long Term Data And Trading Opportunity
Analysts made a modest upward adjustment of about $0.50 to our Intercontinental Exchange fair value estimate, reflecting slightly lower discount rate assumptions and incremental confidence in long term margin resilience, despite mixed near term commentary on volumes and mortgage technology visibility. Analyst Commentary Recent Street research reflects a nuanced backdrop for Intercontinental Exchange, with modest target price trims offset by continued confidence in the company’s strategic positioning and long term earnings power.Narrative Update • Dec 07
ICE: Prediction Market Expansion Will Drive Future Global Data And Trading Opportunity
Analysts have modestly reduced their blended price target on Intercontinental Exchange by about $2 per share to roughly $190. This reflects slightly higher discount rate assumptions and tempered near term expectations around mortgage technology and trading volumes, despite broadly resilient growth and margins.Narrative Update • Nov 23
ICE: Expanding $2 Billion Prediction Market Bet Will Drive Future Global Data Expansion
Analysts have modestly reduced their average price target for Intercontinental Exchange to $191.93 from $192.38. This change reflects cautious sentiment following mixed outlooks on mortgage technology and recent volume trends.Narrative Update • Nov 08
ICE: Expanding Prediction Market Investment Will Drive Global Data Opportunity
Analysts have lowered their price target for Intercontinental Exchange from $199.25 to $192.38. This reflects moderated expectations due to mixed near-term visibility and softer trends in key business segments.Narrative Update • Oct 25
Event-Driven Expansion And Market Evolution Will Drive Future Momentum
Analysts have slightly reduced their price target for Intercontinental Exchange, now setting fair value at $199.25 from $201.13. They cite softer near-term trading volumes and ongoing recalibrations in revenue growth and profit margin expectations.Narrative Update • Oct 11
Digital Transformation And AI Automation Will Unlock Enduring Market Potential
Analysts have modestly reduced their fair value target for Intercontinental Exchange by $3.25 to $201.13. They cite near-term softness in exchange volumes and have adjusted earnings estimates following lower market volatility.Seeking Alpha • Apr 14
Intercontinental Exchange: Dividend Growth Opportunity With Possible Headwinds
Summary Intercontinental Exchange is a market leader with strong dividend growth, but its current valuation is slightly pricey, and leverage is higher than desired. Revenue and EPS have consistently grown, driven by trading volatility, organic growth, and strategic acquisitions. The firm’s dividend is safe with a conservative payout ratio, but debt and leverage are concerns, possibly impacting future growth and share repurchase programs. Given the current overvaluation, I recommend holding Intercontinental Exchange stock, as it remains a solid fit for dividend growth portfolios despite economic and competitive risks. Read the full article on Seeking AlphaSeeking Alpha • Jan 30
Intercontinental Exchange: Long-Term Growth Prospects And The Deep Moats Make Us Happy Owners
Summary Intercontinental Exchange shares rose 17% in 2024, driven by solid results despite a challenging mortgage origination market. Strategic acquisitions of Ellie Mae and Black Knight position Intercontinental at the center of the US mortgage ecosystem, supporting long-term growth. Exchange segment revenue grew double-digits in 2024, bolstered by geopolitical shifts and increased demand for energy trading. Fixed Income & Data Services returned to growth with mid-single-digit organic revenue increase, benefiting from a stabilizing interest rate environment. Read the full article on Seeking AlphaSeeking Alpha • Jan 23
Intercontinental Exchange: Why The Rates Market Matters
Summary Interest rate volatility remains high, impacting ICE's Mortgage Technology segment, with intermediate-term Treasury yields above 4.5%, posing challenges for first-time homebuyers needing mortgages. ICE's Q3 results were mixed, with GAAP EPS missing estimates but record net revenue; cautious management outlook and high financial leverage are key concerns. Fair valuation with potential upside; technical analysis shows strong support at $140-$142, suggesting a buying opportunity on pullbacks post-earnings. Hold rating maintained due to sound business fundamentals and solid earnings growth, but valuation aligns with historical averages; monitoring for potential upgrade. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$4b |
| Dec 31 2025 | US$22m | US$1m | US$3b |
| Sep 30 2025 | n/a | n/a | US$3b |
| Jun 30 2025 | n/a | n/a | US$3b |
| Mar 31 2025 | n/a | n/a | US$3b |
| Dec 31 2024 | US$20m | US$1m | US$3b |
| Sep 30 2024 | n/a | n/a | US$2b |
| Jun 30 2024 | n/a | n/a | US$2b |
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | US$28m | US$1m | US$2b |
| Sep 30 2023 | n/a | n/a | US$2b |
| Jun 30 2023 | n/a | n/a | US$2b |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$17m | US$1m | US$1b |
| Sep 30 2022 | n/a | n/a | US$3b |
| Jun 30 2022 | n/a | n/a | US$3b |
| Mar 31 2022 | n/a | n/a | US$4b |
| Dec 31 2021 | US$15m | US$1m | US$4b |
| Sep 30 2021 | n/a | n/a | US$3b |
| Jun 30 2021 | n/a | n/a | US$3b |
| Mar 31 2021 | n/a | n/a | US$2b |
| Dec 31 2020 | US$15m | US$1m | US$2b |
| Sep 30 2020 | n/a | n/a | US$2b |
| Jun 30 2020 | n/a | n/a | US$2b |
| Mar 31 2020 | n/a | n/a | US$2b |
| Dec 31 2019 | US$14m | US$1m | US$2b |
Compensation vs Market: Jeff's total compensation ($USD22.13M) is above average for companies of similar size in the US market ($USD14.80M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
CEO
Jeff Sprecher (70 yo)
26yrs
Tenure
US$22,133,386
Compensation
Mr. Jeffrey C. Sprecher, also known as Jeff, Founded Intercontinental Exchange, Inc. He has been the Chairman of Intercontinental Exchange, Inc. (ICE) since November 2002 and has been its Chief Executive O...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 26yrs | US$22.13m | 0.49% $ 419.9m | |
| President | 8.5yrs | US$8.73m | 0.025% $ 21.6m | |
| Chief Financial Officer | 5yrs | US$5.69m | 0.0027% $ 2.3m | |
| President of ICE Fixed Income & Data Services | 12.5yrs | US$5.71m | 0.00047% $ 403.8k | |
| President of NYSE Group and Chair of ICE Fixed Income & Data Services | 10.8yrs | US$6.22m | 0.0073% $ 6.3m | |
| Chief Operating Officer | 3.8yrs | no data | 0.0027% $ 2.4m | |
| Chief Accounting Officer & Corporate Controller | 8.3yrs | no data | 0.0024% $ 2.0m | |
| Chief Technology Officer | 9.9yrs | no data | 0.0095% $ 8.1m | |
| Senior Vice President of Human Resources & Administration | 12.5yrs | no data | 0.0039% $ 3.3m | |
| Vice President of Investor Relations | no data | no data | no data | |
| General Counsel | 7.6yrs | no data | 0.0072% $ 6.2m | |
| Chief Strategy Officer | 25.2yrs | US$4.73m | no data |
9.9yrs
Average Tenure
53yo
Average Age
Experienced Management: ICE's management team is seasoned and experienced (9.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 26yrs | US$22.13m | 0.49% $ 419.9m | |
| President & Director of ICE Clear Europe | 5.9yrs | no data | no data | |
| Chairman of ICE Futures Singapore & ICE Clear Singapore | 9.5yrs | no data | no data | |
| Lead Independent Director | 9.7yrs | US$434.94k | 0.0038% $ 3.2m | |
| Independent Director | 4.2yrs | US$538.33k | 0.00036% $ 309.3k | |
| Independent Director | 10.7yrs | US$528.01k | 0.0035% $ 3.0m | |
| Independent Director | 5.4yrs | US$434.94k | 0.0019% $ 1.6m | |
| Independent Director | 5.8yrs | US$529.46k | 0.0020% $ 1.7m | |
| Independent Director | 8.4yrs | US$506.19k | 0.0025% $ 2.2m | |
| Independent Director | 9.2yrs | US$504.94k | 0.0025% $ 2.2m | |
| Independent Director | 5.4yrs | US$369.94k | 0.0018% $ 1.6m | |
| Non-Independent Director | less than a year | US$448.17k | 0.00025% $ 214.8k |
7.2yrs
Average Tenure
64yo
Average Age
Experienced Board: ICE's board of directors are considered experienced (7.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 21:58 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Intercontinental Exchange, Inc. is covered by 33 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Roger Freeman | Barclays |
| Benjamin Budish | Barclays |