Filing Flows

Filing Flows › Companies › Intercontinental Exchange › Cash flow

Intercontinental Exchange cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$1.1B in Q3 2026 · $5.3B over twelve months

Operating cash flow$1.2B
Capital spending−$110M
Free cash flow+$1.1B
Cash / net income1.2×

Analysis

In Q3 2026, Intercontinental Exchange generated $1.2B of operating cash flow and spent $110M on capital projects, leaving free cash flow of $1.1B. That is $199M more than in Q3 2025 ($853M).

Over the twelve months to Sep 30, 2026, operating cash flow was $5.8B; the largest uses were other investing ($3.7B), buybacks ($2.0B), dividends ($1.2B); besides operations, cash came from other financing ($30.4B), net borrowing (+) / repaid (−) ($4.2B); the cash balance rose by $32.9B.

Operating cash flow was $1.2B against net income of $956M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$399M, deferred revenue −$156M, payables +$99.0M.

Free cash flow

Intercontinental Exchange: free cash flow by quarterIntercontinental Exchange: free cash flow by quarter$1.3BQ4 2024$881MQ1 2025$1.4BQ2 2025$853MQ3 2025$1.1BQ4 2025$1.3BQ1 2026$1.9BQ2 2026$1.1BQ3 2026
Operating cash flow less capital spending.
Intercontinental Exchange: operating cash flow against capital spendingIntercontinental Exchange: operating cash flow against capital spendingOperating cash flowCapital spending$1.5B$194MQ4 2024$966M$85.0MQ1 2025$1.5B$60.0MQ2 2025$915M$62.0MQ3 2025$1.3B$166MQ4 2025$1.3B$64.0MQ1 2026$2.0B$144MQ2 2026$1.2B$110MQ3 2026
Latest (Q3 2026): Operating cash flow $1.2B, Capital spending $110M.

Capital allocation, year by year

Intercontinental Exchange: where the cash came from (up) and went (down), by fiscal yearIntercontinental Exchange: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $3.1BFY2021: Net borrowing −$2.6BFY2021: Capital spending −$179MFY2021: Acquisitions −$66.0MFY2021: Buybacks −$250MFY2021: Dividends −$747M$3.1BFY2021FY2022: Operating cash flow $3.6BFY2022: Net borrowing $3.2BFY2022: Capital spending −$225MFY2022: Acquisitions −$59.0MFY2022: Buybacks −$632MFY2022: Dividends −$853M$6.7BFY2022FY2023: Operating cash flow $3.5BFY2023: Net borrowing $4.0BFY2023: Capital spending −$190MFY2023: Acquisitions −$10.2BFY2023: Dividends −$955M$7.6BFY2023FY2024: Operating cash flow $4.6BFY2024: Net borrowing −$2.3BFY2024: Capital spending −$406MFY2024: Acquisitions −$38.0MFY2024: Dividends −$1.0B$4.6BFY2024FY2025: Operating cash flow $4.7BFY2025: Net borrowing −$760MFY2025: Capital spending −$373MFY2025: Acquisitions −$19.0MFY2025: Buybacks −$1.3BFY2025: Dividends −$1.1B$4.7BFY2025
Over these 5 years operating cash flow totalled $19.5B; the largest uses were acquisitions ($10.4B) and net borrowing ($5.7B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$936M
Debt$26.3B
Net debt$25.3B
Due within a year$1.0B

Intercontinental Exchange funds itself: free cash flow was $5.3B over the last twelve months, and $936M of cash and investments stands against $26.3B of debt ($1.0B due within a year, 0.9× covered by cash).

Intercontinental Exchange: debt maturities by year (FY2025)Intercontinental Exchange: debt maturities by year (FY2025)$1.0BYear 1$2.0BYear 2$2.2BYear 3$1.2BYear 4$1.2BYear 5$12.2BAfter year 5
Principal due in each year as disclosed in the annual report, against $936M of cash and investments now.

Where the cash came from and went

Intercontinental Exchange: sources (+) and uses (−) of cash, Q3 2026Intercontinental Exchange: sources (+) and uses (−) of cash, Q3 2026Other financing$2.9BCash drawn (+) / kept (−)−$2.1BOperating cash flow$1.2BOther investing−$742MBuybacks−$400MDividends−$293MNet borrowing (+) / repaid (−)−$256MCapital spending−$110MAcquisitions−$65.0MExchange rates−$3.0MTaxes on employees’ shares−$1.0M
Intercontinental Exchange: sources (+) and uses (−) of cash, TTM to Q3 2026Intercontinental Exchange: sources (+) and uses (−) of cash, TTM to Q3 2026Cash drawn (+) / kept (−)−$32.9BOther financing$30.4BOperating cash flow$5.8BNet borrowing (+) / repaid (−)$4.2BOther investing−$3.7BBuybacks−$2.0BDividends−$1.2BCapital spending−$484MTaxes on employees’ shares−$97.0MAcquisitions−$65.0MExchange rates−$13.0M

From profit to cash

Intercontinental Exchange: net income to operating cash flow, Q3 2026Intercontinental Exchange: net income to operating cash flow, Q3 2026Net income$956MDepreciation & amortization$399MStock-based pay$71.0MDeferred taxes$14.0MOther non-cash$17.0MReceivables−$12.0MPayables$99.0MDeferred revenue−$156MPrepaid and other assets−$18.0MOperating cash flow$1.2B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$1.2B−$110M−$65.0M−$400M−$293M−$256M−$2.1B$1.1B
Q2 2026$2.0B−$144M—−$651M−$294M−$533M$2.9B$1.9B
Q1 2026$1.3B−$64.0M—−$551M−$297M$716M−$40.8B$1.3B
Q4 2025$1.3B−$166M—−$400M−$274M$602M$7.2B$1.1B
Q3 2025$915M−$62.0M−$6.0M−$398M−$276M−$184M$3.0B$853M
Q2 2025$1.5B−$60.0M−$2.0M−$255M−$277M−$1.1B−$3.2B$1.4B
Q1 2025$966M−$85.0M−$11.0M−$241M−$278M−$96.0M−$1.1B$881M
Q4 2024$1.5B−$194M−$30.0M—−$259M−$841M−$3.4B$1.3B

Intercontinental Exchange: income statement and cash flow

Intercontinental Exchange, Q3 2026: revenue $3.6B (+21% year over year), operating margin 38.8%. The chart follows the revenue to costs, profit and cash.

Intercontinental Exchange: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.