| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 2,508 | 1,677 | 812 | 2,093 |
| Depreciation and amortization | 1,171 | 784 | 389 | 1,148 |
| Stock-based compensation | 169 | 115 | 57 | 171 |
| Deferred taxes | 88 | -109 | -60 | -199 |
| Loss on investments | - | - | 0 | -1 |
| (gain)/loss on investments | 35 | 2 | - | - |
| Net (income)/losses from unconsolidated investees | 75 | 35 | 29 | -63 |
| Other | -41 | -27 | -14 | -48 |
| Customer accounts receivable | 52 | 156 | 387 | 210 |
| Other current and non-current assets | -20 | -24 | 38 | 84 |
| Section 31 fees payable | -316 | 93 | -56 | -4 |
| Deferred revenue | 112 | 264 | 370 | 167 |
| Other current and non-current liabilities | -244 | -210 | -106 | -91 |
| Total adjustments | 879 | 795 | 154 | 1,010 |
| Net cash provided by operating activities | 3,387 | 2,472 | 966 | 3,103 |
| Capital expenditures | 207 | 145 | 85 | 212 |
| Capitalized software development costs | 318 | 211 | 104 | 264 |
| Purchases of invested margin deposits | 4,317 | 3,342 | 2,344 | 858 |
| Proceeds from invested margin deposits | 3,490 | 2,232 | 481 | 1,088 |
| Cash paid for acquisitions, net of cash acquired | 19 | 13 | 11 | 8 |
| Proceeds from sale of promissory note | 0 | 0 | 0 | 75 |
| (purchases of)/proceeds from sale of equity and equity method investments | - | - | - | 24 |
| Purchases of equity and equity method investments | 15 | 14 | - | - |
| Purchases of restricted investments | 693 | 314 | 183 | 654 |
| Proceeds from restricted investments | - | 722 | 100 | 856 |
| Other | - | - | 7 | - |
| Proceeds from restricted investments | 912 | - | - | - |
| Net cash used in investing activities | -1,167 | -1,085 | -2,153 | -1 |
| Proceeds from debt issuances | 0 | 0 | - | 739 |
| Repayments of debt | 1,250 | 1,250 | 0 | 1,600 |
| Redemption of commercial paper, net | -112 | 72 | -96 | -583 |
| Capital contributions from non-controlling interests | - | - | - | 0 |
| Repurchases of common stock | 894 | 496 | 241 | - |
| Dividends paid to stockholders | 831 | 555 | 278 | 780 |
| Change in cash and cash equivalent margin deposits and guaranty funds liability | -2,284 | -5,181 | -2,999 | 436 |
| Payments relating to treasury shares received for restricted stock tax payments and stock option exercises | 103 | 98 | 95 | 77 |
| Other | -26 | 1 | -6 | 20 |
| Net cash used in financing activities | -932 | 2,855 | 2,283 | -2,717 |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds | 30 | 35 | 10 | 7 |
| Net increase in cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds | 1,318 | 4,277 | 1,106 | 392 |
| Cash and cash equivalents at beginning of period | 84,503 | 84,503 | 84,503 | 80,750 |
| Cash and cash equivalents at end of period | 85,821 | 88,780 | 85,609 | 81,142 |
Intercontinental Exchange, Inc. (ICE)
Intercontinental Exchange, Inc. (ICE)