Intercontinental Exchange (ICE) revenue breakdown
By segment, Exchanges is the largest at 64% of fiscal 2025 revenue; Mortgage Technology grew fastest, 92% a year over 7 years.
By product, Cash equities and equity options is the largest at 25% of fiscal 2025 revenue; Servicing software grew fastest, 74% a year over 2 years.
Revenue by segment
Fiscal years, as Intercontinental Exchange reports them in its 10-K filings; fiscal 2025 total $12.6B.
| Segments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Exchanges | $4.6B | $4.7B | $5.8B | $5.9B | $6.4B | $6.4B | $7.4B | $8.1B | 64% |
| Fixed Income and Data Services | $1.7B | $1.8B | $1.8B | $1.9B | $2.1B | $2.2B | $2.3B | $2.4B | 19% |
| Mortgage Technology | $22M | $139M | $595M | $1.4B | $1.1B | $1.3B | $2.0B | $2.1B | 17% |
Revenue by product
Fiscal years, as Intercontinental Exchange reports them in its 10-K filings; fiscal 2025 total $12.6B.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Cash equities and equity options | $1.6B | $1.6B | $2.6B | $2.4B | $2.7B | $2.3B | $2.9B | $3.2B | 25% |
| Energy futures and options | $965M | $992M | $1.1B | $1.2B | $1.2B | $1.5B | $1.9B | $2.2B | 17% |
| Fixed income data and analytics | $931M | $969M | $1.0B | $1.1B | $1.1B | $1.1B | $1.2B | $1.2B | 10% |
| Data and connectivity services | $708M | $752M | $790M | $838M | $877M | $933M | $947M | $1.0B | 8% |
| Servicing software | — | — | — | — | — | $288M | $848M | $871M | 7% |
| Origination technology | — | — | $316M | $1.0B | $798M | $694M | $713M | $738M | 6% |
| Data and network technology | $476M | $490M | $514M | $557M | $588M | $629M | $661M | $722M | 6% |
| Financial futures and options | $354M | $332M | $357M | $394M | $475M | $460M | $559M | $608M | 5% |
| Listings | $444M | $449M | $446M | $479M | $515M | $497M | $489M | $495M | 4% |
| OTC and other | $227M | $233M | $296M | $326M | $429M | $398M | $400M | $395M | 3% |
| CDS clearing | $211M | $214M | $208M | $192M | $305M | $360M | $343M | $338M | 3% |
| Data and analytics | — | — | $22M | $76M | $92M | $156M | $259M | $269M | 2% |
| Agricultural and metals futures and options | $251M | $251M | $245M | $228M | $235M | $271M | $257M | $233M | 2% |
| Closing solutions | — | $135M | $238M | $319M | $239M | $179M | $202M | $223M | 2% |
| Fixed income execution | $63M | $83M | $70M | $52M | $101M | $124M | $117M | $125M | 1% |
| Registrations and other | $22M | — | — | — | — | — | — | — | — |
| Other | — | $4M | $19M | — | — | — | — | — | — |
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Where does Intercontinental Exchange make its money?
In fiscal 2025, by segment: Exchanges $8.1B, Fixed Income and Data Services $2.4B, Mortgage Technology $2.1B.
From Intercontinental Exchange's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.