Intercontinental Exchange
Intercontinental Exchange returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 8.57% | 10.47% | 58.27% | 13.93% | 2.54% | 0.9 pp |
| FY 2026 Q1 | Mar 31, 2026 | 8.18% | 10.37% | 223.26% | 13.68% | 2.44% | 0.5 pp |
| FY 2025 Q4 | Dec 31, 2025 | 7.72% | 9.6% | — | 11.72% | 2.4% | 0 pp |
| FY 2025 Q3 | Sep 30, 2025 | 7.42% | 9.37% | — | 11.32% | 2.29% | -0.3 pp |
| FY 2025 Q2 | Jun 30, 2025 | 7.22% | 9.31% | — | 10.89% | 2.13% | -0.5 pp |
| FY 2025 Q1 | Mar 31, 2025 | 6.79% | 8.8% | 16.27% | 10.27% | 2.03% | -0.9 pp |
| FY 2024 Q4 | Dec 31, 2024 | 6.68% | 8.5% | 27.17% | 10.32% | 2% | -1 pp |
| FY 2024 Q3 | Sep 30, 2024 | 6.34% | 8.12% | 107.89% | 9.22% | 1.78% | -1.4 pp |
| FY 2024 Q2 | Jun 30, 2024 | 6.79% | 8.1% | -2.55% | 9.16% | 1.69% | -0.9 pp |
| FY 2024 Q1 | Mar 31, 2024 | 7.24% | 7.82% | 2.24% | 10.04% | 1.75% | -0.5 pp |
| FY 2023 Q4 | Dec 31, 2023 | 7.03% | 7.65% | 0.94% | 9.78% | 1.43% | -0.7 pp |
| FY 2023 Q3 | Sep 30, 2023 | 6.86% | 7.51% | 2.33% | 10.12% | 1.39% | -0.8 pp |
| FY 2023 Q2 | Jun 30, 2023 | 8.47% | 8.06% | — | 7.24% | 0.96% | 0.8 pp |
| FY 2023 Q1 | Mar 31, 2023 | 7.71% | 8.45% | 35% | 6.3% | 0.8% | 0 pp |
| FY 2022 Q4 | Dec 31, 2022 | 7.86% | 8.53% | 36.56% | 6.37% | 0.75% | 0.2 pp |
| FY 2022 Q3 | Sep 30, 2022 | 7.38% | 8.74% | 17.52% | 11.6% | 1.41% | -0.3 pp |
| FY 2022 Q2 | Jun 30, 2022 | 7.24% | 8.44% | 11.42% | 15.36% | 1.93% | -0.5 pp |
| FY 2022 Q1 | Mar 31, 2022 | 6.72% | 9.02% | 72.46% | 19.09% | 2.42% | -1 pp |
| FY 2021 Q4 | Dec 31, 2021 | 6.53% | 8.81% | — | 19.23% | 2.54% | -1.2 pp |
| FY 2021 Q3 | Sep 30, 2021 | 6.4% | 8.7% | — | 15.07% | 2.19% | -1.3 pp |
| FY 2021 Q2 | Jun 30, 2021 | 7.19% | 9.14% | -1.72% | 14.8% | 2.18% | -0.5 pp |
| FY 2021 Q1 | Mar 31, 2021 | 7.06% | 9.51% | 0.3% | 11.3% | 1.56% | -0.6 pp |
| FY 2020 Q4 | Dec 31, 2020 | 7.14% | 9.5% | 1.81% | 11.37% | 1.89% | -0.6 pp |
| FY 2020 Q3 | Sep 30, 2020 | 6.83% | 8.82% | -0.17% | 11.12% | 1.8% | -0.9 pp |
| FY 2020 Q2 | Jun 30, 2020 | 9.28% | 10.81% | — | 12.62% | 2% | 1.6 pp |
| FY 2020 Q1 | Mar 31, 2020 | 8.66% | 11.07% | 6.78% | 12.33% | 1.8% | 1 pp |
| FY 2019 Q4 | Dec 31, 2019 | 8.16% | 10.21% | 2.13% | 11.22% | 2.06% | 0.5 pp |
| FY 2019 Q3 | Sep 30, 2019 | 8.65% | 10.29% | — | 12.33% | 2.3% | 1 pp |
| FY 2019 Q2 | Jun 30, 2019 | 8.25% | 10.34% | — | 11.94% | 2.33% | 0.6 pp |
| FY 2019 Q1 | Mar 31, 2019 | 8.21% | 10.2% | — | 11.78% | 2.28% | 0.5 pp |
| FY 2018 Q4 | Dec 31, 2018 | 8.59% | 10.17% | — | 11.65% | 2.32% | 0.9 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 9.86% | — | 15.85% | 3.13% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 10.51% | — | 15.37% | 3.08% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 10.29% | — | 15.13% | 3.07% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 10.02% | — | 15.4% | 3.14% | — |
| FY 2017 Q3 | Sep 30, 2017 | 7.19% | 9.68% | — | 10.42% | 2.11% | -0.5 pp |
| FY 2017 Q2 | Jun 30, 2017 | 6.92% | 9.4% | 57.9% | 10.36% | 2.08% | -0.8 pp |
| FY 2017 Q1 | Mar 31, 2017 | 6.52% | 9.22% | 17.12% | 10.1% | 1.96% | -1.2 pp |
| FY 2016 Q4 | Dec 31, 2016 | 6.41% | 9.29% | 191.91% | 9.32% | 1.78% | -1.3 pp |
| FY 2016 Q3 | Sep 30, 2016 | 7.96% | 9.81% | 4.75% | 10.34% | 2.03% | 0.3 pp |
| FY 2016 Q2 | Jun 30, 2016 | 7.71% | 9.65% | 4.78% | 10.12% | 2.03% | 0 pp |
| FY 2016 Q1 | Mar 31, 2016 | 7.01% | 9.1% | 6.14% | 9.71% | 1.82% | -0.7 pp |
| FY 2015 Q4 | Dec 31, 2015 | 6.5% | 8.54% | 5.57% | 9.38% | 1.74% | -1.2 pp |
| FY 2015 Q3 | Sep 30, 2015 | 7.3% | 9.8% | — | 9.55% | 1.79% | -0.4 pp |
| FY 2015 Q2 | Jun 30, 2015 | 7.12% | 8.93% | — | 8.51% | 1.66% | -0.6 pp |
| FY 2015 Q1 | Mar 31, 2015 | 6.08% | 7.96% | — | 8.21% | 1.56% | -1.6 pp |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | — | — | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | — | — | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | — | — | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · ICE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.