Cash Flow Statement

Operating Cash Flow

+31%

+62%

10Y

Currency: USD

	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	31	21	30	40	51	82	109	143	179	202	225	241	277	308	317	301	281	268	280	314	345	376	389	408	434	456	493	522	541	562	559	562	549	562	573	270	407	484	552	1 016	1 065	1 119	1 216	1 295	1 349	1 423	1 463	1 449	1 583	1 647	1 674	2 542	2 505	2 540	2 628	2 020	2 038	2 054	2 126	1 960	2 126	2 176	2 033	2 108	2 100	2 825	3 068	4 069	4 086	3 399	2 587	1 498	1 505	1 754	2 488	2 438	2 547	2 371	2 483	2 802	2 831	3 057	3 217	3 370
Depreciation & Amortization	21	17	16	15	14	14	13	14	17	21	27	33	37	40	46	62	79	95	109	111	112	113	116	121	126	131	132	132	131	130	130	131	131	132	134	156	204	252	300	333	342	354	365	374	428	481	568	610	601	597	544	535	539	540	560	586	606	620	630	662	661	661	683	751	849	943	1 016	1 009	1 008	1 013	1 018	1 031	1 037	1 048	1 099	1 215	1 336	1 450	1 527	1 537	1 545	1 559	1 560	1 560
Change in Deffered Taxes	(1)	(2)	(2)	(2)	(2)	0	(2)	(5)	(9)	(6)	(2)	(3)	2	(6)	(12)	(17)	(32)	(30)	(23)	(12)	(4)	(9)	(19)	(23)	(19)	(21)	(10)	(3)	(5)	(5)	(16)	(24)	(28)	(30)	(38)	(35)	(41)	(44)	(58)	21	12	11	15	(108)	(54)	(21)	(25)	114	112	54	152	(651)	(685)	(647)	(711)	27	5	(8)	(23)	(33)	(8)	7	86	92	73	248	159	537	473	236	(112)	(593)	(590)	(685)	(325)	(329)	(296)	(206)	(281)	(142)	(152)	(135)	145	82
Stock-Based Compensation	0	0	0	0	0	0	0	9	4	8	13	24	28	34	36	36	38	40	47	53	55	58	56	49	51	50	51	53	54	54	52	52	53	54	54	64	69	83	95	97	101	95	103	111	116	124	122	124	129	132	136	135	130	128	126	130	130	133	137	139	151	148	144	139	134	139	146	188	190	191	192	155	157	164	203	257	274	286	264	231	231	232	229	238
Other Non-Cash Items	0	2	2	2	2	(9)	(19)	(32)	(70)	(65)	(57)	(47)	(33)	(27)	(18)	10	44	61	67	51	53	60	60	61	63	50	54	57	56	57	51	48	49	48	51	369	321	424	376	36	68	(39)	29	71	106	128	123	118	(57)	1	1	(111)	62	(1)	(4)	(4)	(26)	(23)	(20)	99	121	124	90	59	55	(1 168)	(1 153)	(2 405)	(2 342)	(1 128)	8	1 495	1 491	1 558	554	446	477	463	412	349	275	261	166	154
Cash Taxes Paid	0	5	11	1	3	11	17	38	45	51	50	54	55	81	102	130	150	165	181	165	170	194	212	244	228	222	180	194	201	213	242	232	233	208	205	198	215	320	320	338	343	356	492	542	547	584	485	460	469	614	609	594	673	511	507	533	467	483	566	557	606	736	658	642	646	581	893	1 057	1 016	1 167	958	882	941	894	830	909	902	889	1 027	957	981	1 131	1 050	1 068
Cash Interest Paid	12	11	6	19	19	19	19	0	0	7	11	15	18	12	10	11	11	13	14	13	13	11	12	14	16	17	17	17	16	24	22	29	28	28	29	32	35	120	122	140	136	128	123	123	129	122	122	170	170	169	180	171	191	188	208	202	254	243	280	280	270	284	275	298	357	360	418	406	395	421	445	550	600	665	706	727	782	836	862	870	842	813	794	764
Change in Working Capital	(3)	5	(2)	(5)	(4)	(11)	11	31	45	50	52	64	53	68	69	19	(8)	(27)	(54)	22	14	23	16	(33)	(17)	(20)	27	5	20	13	19	17	(3)	38	4	(25)	215	129	(24)	108	(28)	(52)	(194)	(321)	(386)	(367)	(200)	(142)	(76)	(154)	(320)	(230)	(374)	(210)	(63)	(96)	(9)	36	(33)	(29)	(375)	(313)	(300)	(129)	18	262	106	(87)	(80)	(279)	(46)	123	8	(41)	(151)	(228)	(166)	(136)	(69)	63	67	134	(195)	(504)
Cash from Operating Activities	48 N/A	41 -15%	45 +9%	50 +10%	61 +22%	76 +25%	112 +46%	151 +35%	162 +8%	203 +25%	245 +21%	288 +18%	336 +17%	385 +14%	402 +4%	375 -7%	363 -3%	367 +1%	379 +3%	487 +28%	520 +7%	563 +8%	562 0%	534 -5%	588 +10%	596 +1%	696 +17%	713 +2%	743 +4%	757 +2%	745 -2%	733 -2%	698 -5%	749 +7%	722 -4%	735 +2%	1 105 +50%	1 244 +13%	1 146 -8%	1 514 +32%	1 459 -4%	1 393 -5%	1 431 +3%	1 311 -8%	1 443 +10%	1 644 +14%	1 929 +17%	2 149 +11%	2 163 +1%	2 145 -1%	2 051 -4%	2 085 +2%	2 047 -2%	2 222 +9%	2 410 +8%	2 533 +5%	2 614 +3%	2 679 +2%	2 680 +0%	2 659 -1%	2 525 -5%	2 655 +5%	2 592 -2%	2 881 +11%	3 095 +7%	3 110 +0%	3 196 +3%	3 123 -2%	3 145 +1%	3 241 +3%	3 455 +7%	3 554 +3%	3 451 -3%	3 634 +5%	3 665 +1%	3 542 -3%	3 898 +10%	3 942 +1%	4 072 +3%	4 609 +13%	4 566 -1%	4 876 +7%	4 893 +0%	4 662 -5%
Investing Cash Flow
Capital Expenditures	(8)	(7)	(11)	(14)	(15)	(18)	(18)	(20)	(38)	(46)	(100)	(104)	(90)	(86)	(41)	(49)	(50)	(52)	(48)	(45)	(48)	(51)	(53)	(48)	(49)	(53)	(53)	(88)	(90)	(91)	(95)	(68)	(77)	(85)	(122)	(179)	(199)	(227)	(236)	(250)	(265)	(288)	(281)	(277)	(273)	(298)	(339)	(365)	(375)	(358)	(351)	(357)	(342)	(315)	(278)	(280)	(294)	(306)	(322)	(305)	(299)	(315)	(370)	(410)	(467)	(506)	(470)	(452)	(439)	(416)	(449)	(482)	(464)	(481)	(483)	(489)	(549)	(596)	(639)	(752)	(796)	(798)	(801)	(791)
Other Items	(5)	17	(36)	(103)	(125)	(134)	(141)	(8)	(345)	(398)	(407)	(533)	(129)	(38)	(82)	(21)	(157)	(220)	(118)	(98)	(0)	(634)	(566)	(585)	(590)	62	(512)	(527)	(523)	(554)	(65)	(50)	(141)	(154)	(159)	(2 344)	(2 456)	(967)	(2 043)	(218)	(40)	(428)	674	(2 727)	(2 998)	(4 201)	(4 111)	(495)	(470)	98	4	449	(277)	(709)	(1 454)	(1 475)	(746)	(1 033)	(328)	(1 435)	(1 703)	(1 415)	(10 560)	(9 951)	(9 708)	(7 919)	1 136	(334)	651	929	(4 023)	1 159	2 304	(541)	(5 882)	(8 308)	(10 034)	(9 273)	1 244	(169)	(2 537)	(1 280)	(1 286)	(3 458)
Cash from Investing Activities	(13) N/A	10 N/A	(47) N/A	(117) -149%	(141) -20%	(152) -8%	(159) -5%	(28) +83%	(382) -1 284%	(443) -16%	(507) -14%	(637) -26%	(218) +66%	(124) +43%	(123) +0%	(70) +43%	(208) -198%	(272) -31%	(166) +39%	(142) +14%	(48) +66%	(684) -1 327%	(619) +9%	(633) -2%	(640) -1%	9 N/A	(565) N/A	(615) -9%	(613) +0%	(645) -5%	(160) +75%	(118) +26%	(218) -85%	(238) -9%	(281) -18%	(2 523) -798%	(2 656) -5%	(1 194) +55%	(2 279) -91%	(468) +79%	(305) +35%	(716) -135%	393 N/A	(3 004) N/A	(3 271) -9%	(4 499) -38%	(4 450) +1%	(860) +81%	(845) +2%	(260) +69%	(347) -33%	92 N/A	(619) N/A	(1 024) -65%	(1 732) -69%	(1 755) -1%	(1 040) +41%	(1 339) -29%	(650) +51%	(1 740) -168%	(2 002) -15%	(1 730) +14%	(10 930) -532%	(10 361) +5%	(10 175) +2%	(8 425) +17%	666 N/A	(786) N/A	212 N/A	513 +142%	(4 472) N/A	677 N/A	1 840 +172%	(1 022) N/A	(6 365) -523%	(8 797) -38%	(10 583) -20%	(9 869) +7%	605 N/A	(921) N/A	(3 333) -262%	(2 078) +38%	(2 087) 0%	(4 249) -104%
Financing Cash Flow
Net Issuance of Common Stock	(43)	(43)	(43)	56	57	61	66	17	35	(2)	(7)	(16)	(40)	(40)	(341)	(341)	(341)	(302)	(1)	1	7	2	(89)	(91)	(98)	(124)	(133)	(181)	(183)	(163)	(64)	(65)	(72)	(64)	(66)	(64)	(82)	(85)	(527)	(677)	(871)	(1 073)	(833)	(705)	(505)	(306)	(104)	(104)	(363)	(606)	(847)	(1 037)	(1 103)	(1 322)	(1 380)	(1 278)	(1 403)	(1 283)	(1 325)	(1 525)	(1 796)	(1 856)	(1 660)	(1 321)	(618)	(217)	(71)	(320)	(799)	(956)	(955)	(705)	(210)	(52)	(54)	(78)	(100)	(101)	(102)	(81)	(346)	(602)	(1 001)	(1 397)
Net Issuance of Debt	11	12	12	(25)	(13)	(13)	(13)	0	250	241	231	222	(38)	(38)	157	157	156	147	(59)	(74)	(87)	125	295	263	232	(29)	(33)	309	352	405	249	245	36	(60)	(60)	1 320	1 381	560	894	(552)	(356)	(380)	(465)	3 130	2 552	3 267	2 805	(949)	(523)	(637)	(253)	(275)	631	1 006	1 613	1 330	595	865	130	370	819	605	9 489	8 696	7 850	6 022	(3 130)	(2 639)	(2 040)	3 627	3 867	4 174	3 914	(4)	2 768	2 068	1 434	1 244	(2 147)	(2 285)	(1 743)	(2 635)	(2 203)	(760)
Cash Paid for Dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(75)	(151)	(226)	(300)	(299)	(296)	(306)	(316)	(331)	(360)	(378)	(396)	(409)	(427)	(443)	(460)	(476)	(496)	(516)	(535)	(555)	(572)	(588)	(605)	(621)	(630)	(639)	(654)	(669)	(690)	(713)	(730)	(747)	(774)	(800)	(826)	(853)	(875)	(898)	(926)	(955)	(977)	(1 002)	(1 022)	(1 039)	(1 059)	(1 075)	(1 090)	(1 105)
Other	(2)	(3)	(3)	(0)	2	16	28	41	39	66	61	58	60	59	54	43	45	(2)	(2)	(2)	(10)	1	(2)	(2)	(1)	(2)	(5)	(23)	(23)	(28)	(25)	(7)	(18)	(12)	(17)	(62)	(44)	277	149	194	188	(264)	(133)	(118)	(140)	(3)	(3)	0	(3)	(66)	(70)	(183)	(182)	(119)	(154)	40	51	62	105	1 352	1 368	1 359	1 361	19 294	19 286	27 059	43 388	65 732	79 900	74 131	55 147	(4 457)	(60 699)	(78 011)	(82 713)	(65 380)	(27 873)	(6 986)	(1 080)	3 484	11 032	7 632	6 158	(3 072)
Cash from Financing Activities	(35) N/A	(35) -1%	(34) +2%	30 N/A	45 +49%	63 +40%	81 +28%	58 -28%	324 +456%	305 -6%	285 -7%	265 -7%	(17) N/A	(19) -10%	(130) -592%	(141) -9%	(141) +0%	(156) -11%	(62) +61%	(75) -22%	(90) -19%	129 N/A	203 +58%	170 -17%	132 -22%	(155) N/A	(171) -10%	105 N/A	146 +39%	214 +46%	159 -26%	172 +8%	(54) N/A	(136) -150%	(143) -5%	1 119 N/A	1 104 -1%	527 -52%	216 -59%	(1 334) N/A	(1 335) 0%	(2 023) -52%	(1 747) +14%	1 976 N/A	1 547 -22%	2 580 +67%	2 302 -11%	(1 462) N/A	(1 316) +10%	(1 752) -33%	(1 630) +7%	(1 971) -21%	(1 150) +42%	(951) +17%	(456) +52%	(463) -2%	(1 329) -187%	(944) +29%	(1 695) -80%	(424) +75%	(239) +44%	(531) -122%	8 536 N/A	26 000 +205%	25 828 -1%	32 151 +24%	39 457 +23%	62 026 +57%	76 287 +23%	76 002 0%	57 233 -25%	(1 841) N/A	(57 870) -3 043%	(78 965) -36%	(80 925) -2%	(64 345) +20%	(27 516) +57%	(6 845) +75%	(4 351) +36%	79 N/A	7 884 +9 880%	3 320 -58%	1 864 -44%	(6 334) N/A
Change in Cash
Effect of Foreign Exchange Rates	(0)	(3)	(3)	(4)	(3)	1	2	3	3	2	0	0	0	0	0	(0)	(1)	(1)	(1)	(0)	(0)	(1)	1	(1)	2	0	(2)	(2)	(2)	(1)	0	2	(3)	(0)	(2)	18	20	23	18	(21)	(31)	(33)	(28)	(14)	(3)	(13)	(10)	(24)	(23)	(12)	(10)	12	13	2	(2)	(11)	(12)	(5)	(8)	4	(6)	(1)	7	8	16	12	3	(6)	(6)	(25)	(43)	(23)	(21)	2	11	7	1	(4)	21	(14)	1	26	9	32
Net Change in Cash	1 N/A	14 +2 607%	(39) N/A	(41) -6%	(37) +10%	(12) +69%	36 N/A	184 +413%	107 -42%	67 -37%	23 -66%	(85) N/A	101 N/A	242 +140%	149 -38%	164 +10%	14 -92%	(62) N/A	150 N/A	269 +79%	383 +42%	7 -98%	148 +2 119%	69 -53%	82 +18%	450 +448%	(42) N/A	201 N/A	274 +36%	325 +19%	744 +129%	789 +6%	422 -46%	375 -11%	296 -21%	(651) N/A	(427) +34%	600 N/A	(899) N/A	(309) +66%	(212) +31%	(1 379) -550%	49 N/A	269 +449%	(284) N/A	(288) -1%	(229) +20%	(197) +14%	(21) +89%	121 N/A	64 -47%	218 +241%	291 +33%	249 -14%	220 -12%	304 +38%	233 -23%	391 +68%	327 -16%	499 +53%	278 -44%	393 +41%	205 -48%	18 528 +8 938%	18 764 +1%	26 848 +43%	43 322 +61%	64 357 +49%	79 638 +24%	79 731 +0%	56 173 -30%	2 367 -96%	(52 600) N/A	(76 351) -45%	(83 614) -10%	(69 593) +17%	(34 200) +51%	(12 776) +63%	347 N/A	3 753 +982%	9 118 +143%	6 144 -33%	4 679 -24%	(5 889) N/A
Free Cash Flow
Free Cash Flow	40 N/A	35 -15%	34 0%	36 +5%	45 +26%	59 +29%	94 +60%	131 +39%	124 -5%	157 +26%	145 -8%	183 +26%	247 +34%	299 +21%	361 +21%	326 -10%	313 -4%	315 +0%	331 +5%	442 +33%	473 +7%	512 +8%	509 -1%	486 -4%	538 +11%	542 +1%	643 +19%	625 -3%	653 +4%	666 +2%	650 -3%	665 +2%	620 -7%	664 +7%	600 -10%	556 -7%	905 +63%	1 017 +12%	910 -11%	1 264 +39%	1 194 -6%	1 105 -7%	1 150 +4%	1 034 -10%	1 170 +13%	1 346 +15%	1 590 +18%	1 784 +12%	1 788 +0%	1 787 0%	1 700 -5%	1 728 +2%	1 705 -1%	1 907 +12%	2 132 +12%	2 253 +6%	2 320 +3%	2 373 +2%	2 358 -1%	2 354 0%	2 226 -5%	2 340 +5%	2 222 -5%	2 471 +11%	2 628 +6%	2 604 -1%	2 726 +5%	2 671 -2%	2 706 +1%	2 825 +4%	3 006 +6%	3 072 +2%	2 987 -3%	3 153 +6%	3 182 +1%	3 053 -4%	3 349 +10%	3 346 0%	3 433 +3%	3 857 +12%	3 770 -2%	4 078 +8%	4 092 +0%	3 871 -5%

Income Statement Balance Sheet Cash Flow Statement

Intercontinental Exchange Inc
NYSE:ICE

Cash Flow Statement

Cash Flow Statement
Intercontinental Exchange Inc

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Intercontinental Exchange Inc NYSE:ICE

Cash Flow Statement

Cash Flow Statement Intercontinental Exchange Inc

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Intercontinental Exchange Inc
NYSE:ICE

Cash Flow Statement
Intercontinental Exchange Inc