ICE
Intercontinental Exchange, Inc.Financial Services · $85.4B market cap
Verdict
Share price
$150.15
close of Oct 3, 2026
Fair value
$148.60
Sticker Price
Payback Price
$59.44
buy price
ICE is Fairly Valued: at $150.15 it's within 1% of its fair value of $148.60. Its buy price (Payback Price) is $59.44, 60% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow. Sales grew 9% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.
Business quality
4 of 5 clear the 10% bar. What are the Big Five?
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6 of the investors we track hold ICE. In Q2 2026, 1 added and 3 trimmed. Who we track
Bill Nygren
Oakmark Funds · as of Q2 2026
$2.2B
18,050,700 shares
Viking Global Investors
Viking Global Investors · as of Q2 2026
$341.9M
2,777,138 shares
Ruane Cunniff LP
Ruane Cunniff LP · as of Q2 2026
$315.3M
2,560,747 shares
AKO Capital
AKO Capital · as of Q2 2026
$123.5M
1,003,510 shares
William Von Mueffling
Cantillon Capital Management · as of Q2 2026
$16.7M
135,468 shares
Show all 6 holdersShow fewer
Thomas Gayner
Markel Group · as of Q2 2026
$3.6M
28,870 shares
Moves in Q2 2026
Added: Bill Nygren
Trimmed: Viking Global Investors, William Von Mueffling, AKO Capital
Insider activity
Since Jun 12, 2026: no open-market purchases, 19 sales worth $8.6M and 6 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Edmonds Christopher Scott
President, Fixed Income & Data · 2026-09-01
Sold
$803K
Jackson Benjamin
President · 2026-09-01
Sold
$258K
Jackson Benjamin
President · 2026-09-01
Sold
$1,000K
Jackson Benjamin
President · 2026-09-01
Sold
$802K
Tirinnanzi Martha A
director · 2026-08-26
Sold
$216K
Show all 19 salesShow fewer
Surdykowski Andrew J
General Counsel · 2026-08-26
Sold
$97K
Surdykowski Andrew J
General Counsel · 2026-08-26
Sold
$642K
Foley Douglas
SVP, HR & Administration · 2026-08-20
Sold
$256K
Gardiner Warren
Chief Financial Officer · 2026-08-19
Sold
$389K
Tirinnanzi Martha A
director · 2026-08-13
Sold
$22K
Kapani Mayur
Chief Technology Officer · 2026-08-12
Sold
$15K
Kapani Mayur
Chief Technology Officer · 2026-08-12
Sold
$571K
Kapani Mayur
Chief Technology Officer · 2026-08-12
Sold
$60K
Foley Douglas
SVP, HR & Administration · 2026-08-05
Sold
$1.1M
Martin Lynn C
President, NYSE Group · 2026-07-16
Sold
$28K
Martin Lynn C
President, NYSE Group · 2026-07-16
Sold
$1.3M
Martin Lynn C
President, NYSE Group · 2026-07-16
Sold
$451K
Martin Lynn C
President, NYSE Group · 2026-07-16
Sold
$419K
Hague William Jefferson
director · 2026-06-12
Sold
$186K
Other filings
Edmonds Christopher Scott
President, Fixed Income & Data · 2026-09-01
Option exercise
$287K
Jackson Benjamin
President · 2026-09-01
Option exercise
$369K
Surdykowski Andrew J
General Counsel · 2026-08-26
Option exercise
$118K
Kapani Mayur
Chief Technology Officer · 2026-08-12
Option exercise
$286K
Kapani Mayur
Chief Technology Officer · 2026-08-12
Option exercise
$174K
Show all 6 other filingsShow fewer
Martin Lynn C
President, NYSE Group · 2026-07-16
Option exercise
$910K
About Intercontinental Exchange, Inc.
Intercontinental Exchange, Inc. (ICE) manages a global network of regulated financial venues, encompassing exchanges, clearing houses, and listing platforms. These operations serve diverse markets, including commodities, financial instruments, fixed income products, and equities, with a geographical footprint spanning key financial centers such as the United States, United Kingdom, European Union, Singapore, Israel…
Financial - Data & Stock Exchanges
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works