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Cme vs Intercontinental Exchange: revenue, profit, margins and growth compared

Cme brought in $6.5B of revenue in fiscal 2025, Intercontinental Exchange $12.6B in fiscal 2025. Revenue changed by +6.4% at Cme and +7.5% at Intercontinental Exchange on the year before, so Intercontinental Exchange grew faster. Cme kept 62.5% of its revenue as net profit, Intercontinental Exchange 26.2%. Free cash flow was $4.2B at Cme and $4.3B at Intercontinental Exchange.

Side by side, latest fiscal year

CMEICE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.5B$12.6B
Revenue growth+6.4%+7.5%
Net income$4.1B$3.3B
Net margin62.5%26.2%
Free cash flow$4.2B$4.3B
Free cash flow margin64.3%33.9%
Earnings per share (diluted)$11.16$5.77
Cash$4.4B$837M
Debtn/a$19.6B
Price to earnings23.726.7
Market value$95.1B$86.6B
Dividend yield1.89%1.24%
Rank by revenue in sector#84 of 444 · Finance#55 of 444 · Finance

Over the years

Revenue
CME FY2018: $4.3BCME FY2019: $4.9BCME FY2020: $4.9BCME FY2021: $4.7BCME FY2022: $5BCME FY2023: $5.6BCME FY2024: $6.1BCME FY2025: $6.5BICE FY2018: $6.3BICE FY2019: $6.5BICE FY2020: $8.2BICE FY2021: $9.2BICE FY2022: $9.6BICE FY2023: $9.9BICE FY2024: $11.8BICE FY2025: $12.6BFY18FY19FY20FY21FY22FY23FY24FY25
CME $6.5BICE $12.6B
Net income
CME FY2018: $2BCME FY2019: $2.1BCME FY2020: $2.1BCME FY2021: $2.6BCME FY2022: $2.7BCME FY2023: $3.2BCME FY2024: $3.5BCME FY2025: $4.1BICE FY2018: $2BICE FY2019: $1.9BICE FY2020: $2.1BICE FY2021: $4.1BICE FY2022: $1.4BICE FY2023: $2.4BICE FY2024: $2.8BICE FY2025: $3.3BFY18FY19FY20FY21FY22FY23FY24FY25
CME $4.1BICE $3.3B
Net margin
CME FY2018: 45.5%CME FY2019: 43.5%CME FY2020: 43.1%CME FY2021: 56.2%CME FY2022: 53.6%CME FY2023: 57.8%CME FY2024: 57.5%CME FY2025: 62.5%ICE FY2018: 31.7%ICE FY2019: 29.5%ICE FY2020: 25.3%ICE FY2021: 44.3%ICE FY2022: 15.0%ICE FY2023: 23.9%ICE FY2024: 23.4%ICE FY2025: 26.2%FY18FY19FY20FY21FY22FY23FY24FY25
CME 62.5%ICE 26.2%
Revenue growth
CME FY2019: +13.0%CME FY2020: +0.3%CME FY2021: -4.0%CME FY2022: +7.0%CME FY2023: +11.1%CME FY2024: +9.9%CME FY2025: +6.4%ICE FY2019: +4.3%ICE FY2020: +25.9%ICE FY2021: +11.2%ICE FY2022: +5.1%ICE FY2023: +2.8%ICE FY2024: +18.8%ICE FY2025: +7.5%FY19FY20FY21FY22FY23FY24FY25
CME +6.4%ICE +7.5%
Free cash flow
CME FY2018: $2.3BCME FY2019: $2.4BCME FY2020: $2.5BCME FY2021: $2.3BCME FY2022: $3BCME FY2023: $3.4BCME FY2024: $3.6BCME FY2025: $4.2BICE FY2018: $2.4BICE FY2019: $2.5BICE FY2020: $2.7BICE FY2021: $2.9BICE FY2022: $3.3BICE FY2023: $3.4BICE FY2024: $4.2BICE FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
CME $4.2BICE $4.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cme and Intercontinental Exchange

Which is bigger by revenue, Cme or Intercontinental Exchange?

Intercontinental Exchange is bigger by revenue: $12.6B in fiscal 2025, against $6.5B for Cme in fiscal 2025.

Which keeps more of its revenue as profit, Cme or Intercontinental Exchange?

Cme had a net margin of 62.5% in fiscal 2025; Intercontinental Exchange had 26.2% in fiscal 2025.

Which grew revenue faster, Cme or Intercontinental Exchange?

In their latest fiscal years revenue changed by +6.4% at Cme and +7.5% at Intercontinental Exchange.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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