Companies · ICE
Intercontinental Exchange
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Updated Aug 21, 2026
ICE secures $3.9B revolving facility and $2.0B term loan for MarketAxess acquisition financing
Intercontinental Exchange amended its revolving credit agreement on August 20, 2026, extending the maturity date for $3.67 billion of commitments to August 2031 and establishing a new $1.5 billion MarketAxess-specific revolving commitment class. Simultaneously, ICE entered into a $2.0 billion delayed-draw term loan facility maturing 24 months post-funding. Together with $3.73 billion in senior unsecured notes issued the same day, these facilities replace a $6.2 billion bridge commitment, providing full funding certainty for the MarketAxess acquisition announced July 29, 2026.
Tone: neutralRevenue
$12.6B
ICE 10-K · FY 2025
Employees
12,844
Revenue FY2024
$11.8B
Founded
2000
Profile
ICE 10-K Item 1 · Feb 5, 2026Intercontinental Exchange (ICE) is a leading global provider of technology and data spanning exchange trading and clearing, fixed income data and analytics, and U.S. residential mortgage technology. The company operates 13 regulated exchanges, six clearing houses, and a comprehensive end-to-end mortgage platform serving financial institutions, corporations, and government entities worldwide. Its business model blends high-margin recurring data and listings revenues with transaction-based exchange and mortgage revenues.
Read filing description ↓ Collapse description ↑
Intercontinental Exchange, Inc. is a leading global provider of technology and data to a broad range of customers including financial institutions, corporations and government entities. Our products, which span major asset classes including futures, equities, fixed income and U.S. residential mortgages, provide our customers with access to mission critical tools that are designed to increase asset class transparency and workflow efficiency. Although we report our results in three reportable business segments, we operate as one business, leveraging the collective expertise, particularly in data services and technology, that exists across our platforms to inform and enhance our operations. Our segments are as follows: Exchanges, which operates regulated marketplace technology for the listing, trading and clearing of a broad array of derivatives contracts and financial securities as well as data and connectivity services related to our exchanges and clearing houses; Fixed Income and Data Services, which provides fixed income pricing, reference data, indices, analytics and execution services as well as global credit default swaps, or CDS, clearing and multi-asset class data delivery technology; and Mortgage Technology, which provides a technology platform that offers customers comprehensive, digital workflow tools that aim to address inefficiencies and mitigate risks that exist in the U.S. residential mortgage market life cycle, from application through closing, servicing and the secondary market. In 2000, ICE was founded with the idea of transforming energy markets by creating a network that removed barriers and provided greater transparency, efficiency and access. Today, we are a Fortune 500 company, providing our customers with an array of technology solutions and data services that span a diverse set of asset classes.
Primary products
- Energy Futures and Options
- Agricultural & Metals Futures and Options
- Financial Futures and Options
- Cash Equities and Equity Options
- OTC and Other
- Data and Connectivity Services
Business segments
End markets
Geographies
Named competitors
“We believe that we compete favorably based on numerous factors, and that our deep, liquid markets, technology offerings, breadth of product offerings, new product development, highly differentiated proprietary data, customer relationships, efficient, secure settlement, clearing and other support services and our reputation distinguish us from our competitors.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues increased from $11.761 billion in 2024 to $12.640 billion in 2025, driven primarily by growth in the Exchanges segment on higher energy, financial futures, and cash equities volumes, with more modest gains in Fixed Income and Data Services and Mortgage Technology.
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