I
ICE
ICEUnverified3 segments tracked|8 years of data|Annual (10-K)
Total Revenue
$12.6B7.5%
FY2025
Operating Segments
3Active segments
Blended Margin
39.0%Operating margin
Highest Margin
49.0%Exchanges Segment
Segment Shift
Exchanges Segment has grown from 72.9% to 64.2% of total revenue since FY2018, with 49.0% operating margins.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2025
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Exchanges Segment | $8.1B | $4.0B | 49.0% | 64.2% | +9.1% |
| Fixed Income And Data Services Segment | $2.4B | $933M | 38.6% | 19.1% | +5.3% |
| Mortgage Technology Segment | $2.1B | $14M | 0.7% | 16.6% | +3.9% |
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