Intercontinental Exchange, Inc. ICE NYSE

Intercontinental Exchange, Inc. (ICE) generated $1.28B in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $166M, free cash flow was $1.11B.

Free cash flow margin was 35.3% of revenue. Cash conversion ratio was 1.48x, indicating earnings are backed by cash.

The company returned $274M in dividends and $400M in share buybacks to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (84/100, Pass) — $1.11B (35.3% margin) supports a durable competitive advantage
• INCOME (85/100) — Cash conversion ratio was 1.48x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 76/100 with 5/7 criteria passed.