# ICE · Intercontinental Exchange, Inc.

Snapshot 2026-10-26 · CIK 0001571949 · NYSE · 

Price 162.74 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 91.36 B

Machine-readable: https://theclaudetrader.com/s/ICE.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 40.0 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2013–2025 · price 2026-10-23 · verification {'verified': 14, 'mismatch': 0, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 12.64 revenue $B · threshold >= 1 · points 5.0/5
- 2a Current ratio: 1.01  · threshold >= 2.0 · points 0.2/15
- 2b Long-term debt vs working capital: 12.52 LTD / WC · threshold <= 1.0 · points 0.0/15
- 3 Positive earnings each of 10 years: 10 of 10  · threshold 10 of 10 · points 15.0/15
- 4 Dividends every year for 20 years: 13 of 20  · threshold 20 of 20 · points 9.75/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: 2.13 -> 4.91 (+131%)  · threshold >= +33% · points 10.0/10
- 6 P/E on 3-year average EPS: 33.1  · threshold <= 15 · points 0.0/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 3.09, product 102.4  · threshold <= 1.5 or <= 22.5 · points 0.0/10

Inputs:
  - Price (close, per traded unit): 162.74 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 12640000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - current_assets: 122064000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - current_liabilities: 120576000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - lt_debt: 18628000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - equity: 29551000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - Net income FY2016: 1430000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194919000003/ · unverified
  - Net income FY2017: 2526000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194920000003/ · unverified
  - Net income FY2018: 1988000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194921000003/ · unverified
  - Net income FY2019: 1933000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194922000006/ · unverified
  - Net income FY2020: 2089000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/ · unverified
  - Net income FY2021: 4058000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ · unverified
  - Net income FY2022: 1446000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ · unverified
  - Net income FY2023: 2368000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Net income FY2024: 2754000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Net income FY2025: 3315000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Dividend years (Yahoo): [2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/ICE/history?filter=div · verified (partly: XBRL covers 13 of 20 years)
  - Dividends per share FY2013 (XBRL): 0.65 · 2013-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194916000020/ · verified
  - Dividends per share FY2014 (XBRL): 0.52 · 2014-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194917000003/ · verified
  - Dividends per share FY2015 (XBRL): 0.58 · 2015-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194918000003/ · verified
  - Dividends per share FY2016 (XBRL): 0.68 · 2016-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194919000003/ · verified
  - Dividends per share FY2017 (XBRL): 0.8 · 2017-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194920000003/ · verified
  - Dividends per share FY2018 (XBRL): 0.96 · 2018-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194921000003/ · verified
  - Dividends per share FY2019 (XBRL): 1.1 · 2019-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194922000006/ · verified
  - Dividends per share FY2020 (XBRL): 1.2 · 2020-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/ · verified
  - Dividends per share FY2021 (XBRL): 1.32 · 2021-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ · verified
  - Dividends per share FY2022 (XBRL): 1.52 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ · verified
  - Dividends per share FY2023 (XBRL): 1.68 · 2023-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · verified
  - Dividends per share FY2024 (XBRL): 1.8 · 2024-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · verified
  - Dividends per share FY2025 (XBRL): 1.92 · 2025-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · verified
  - EPS diluted FY2014: 1.71 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1571949/000157194917000003/ · unverified
  - EPS diluted FY2015: 2.28 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1571949/000157194918000003/ · unverified
  - EPS diluted FY2016: 2.39 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1571949/000157194919000003/ · unverified
  - EPS diluted FY2023: 4.19 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - EPS diluted FY2024: 4.78 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - EPS diluted FY2025: 5.77 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Shares outstanding: 561394487.0 · 2026-07-27 · SEC cover page 10-Q 0001571949-26-000011 (561,394,487 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/R1.htm

### Magic Formula: — (insufficient data (no fresh property, plant and equipment (PropertyPlantAndEquipmentNet) reported)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula

### Momentum: 57.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: 0.6 % · threshold  · points 21.0/50
-  6 month return: 4.1 % · threshold  · points 10.3/20
-  Price / 52-week high: 0.939  · threshold  · points 14.1/15
-  Volatility penalty (60d annualised): 21.4 % · threshold  · points 11.6/15

Inputs:
  - Adjusted close series (14 months): 162.74 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.12 bp · threshold  · points -2.7/0

Inputs:
  - Form 4 S Foley Douglas 2026-08-05: 1086824.0 · 2026-08-05 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1571949/000119312526340345/
  - excluded 2026-09-14 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-01 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-26 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-26 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-26 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-20 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-19 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-13 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-12 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-12 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-12 S: 10b5-1 plan ·  · rule · 

### Buffett Quality: 57.9 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 49, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 11.0% over 8 yrs  · threshold >= 15% · points 10.9/25
- 2 Profitable every year: 10 of 10  · threshold all years · points 15.0/15
- 3 Net income growth, 3-yr average now vs start of window: +5.1% a year  · threshold >= +10% · points 5.1/10
- 4 Borrowings / 3-yr average earnings (years to repay): 7.5 years · threshold <= 4 · points 1.9/15
- 5 Operating margin, 5-yr average: 37.7%  · threshold >= 20% · points 10.0/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.30  · threshold >= 1.0 · points 10.0/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 4.3%  · threshold >= 7% · points 5.0/15

Inputs:
  - Price (close, per traded unit): 162.74 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2018: 1988000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194921000003/ · unverified
  - Equity at FY2018 end: 17201000000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194920000003/ · unverified
  - Net income FY2019: 1933000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194922000006/ · unverified
  - Equity at FY2019 end: 17255000000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194921000003/ · unverified
  - Net income FY2020: 2089000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/ · unverified
  - Equity at FY2020 end: 19498000000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194922000006/ · unverified
  - Net income FY2021: 4058000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ · unverified
  - Equity at FY2021 end: 22709000000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/ · unverified
  - Net income FY2022: 1446000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ · unverified
  - Equity at FY2022 end: 22706000000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ · unverified
  - Net income FY2023: 2368000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Equity at FY2023 end: 25717000000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ · unverified
  - Net income FY2024: 2754000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Equity at FY2024 end: 27647000000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Net income FY2025: 3315000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Equity at FY2025 end: 28915000000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - Net income FY2016: 1430000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194919000003/ · unverified
  - Net income FY2017: 2526000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194920000003/ · unverified
  - Net income FY2018: 1988000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194921000003/ · unverified
  - Net income FY2019: 1933000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194922000006/ · unverified
  - Net income FY2020: 2089000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/ · unverified
  - Net income FY2021: 4058000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ · unverified
  - Net income FY2022: 1446000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ · unverified
  - Net income FY2023: 2368000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Net income FY2024: 2754000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Net income FY2025: 3315000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - lt_debt: 18628000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - debt_lt_current: 1218000000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - debt_short: 1218000000.0 · 2026-06-30 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - Operating income FY2021: 3449000000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ · unverified
  - Revenue FY2021: 9168000000.0 · 2021-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ · unverified
  - Operating income FY2022: 3638000000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ · unverified
  - Revenue FY2022: 9636000000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ · unverified
  - Operating income FY2023: 3694000000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Revenue FY2023: 9903000000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Operating income FY2024: 4309000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Revenue FY2024: 11761000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Operating income FY2025: 4929000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Revenue FY2025: 12640000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified

### Lynch GARP: 47.4 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 7, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): 3.17  · threshold <= 1.0 · points 0.0/30
- 2 EPS growth, 5-yr compound rate: +8.9% a year  · threshold 12% to 35% a year · points 14.8/20
- 3 P/E on latest annual EPS: 28.2  · threshold <= 25 · points 7.9/10
- 4 Borrowings / equity: 0.71  · threshold <= 0.5 · points 11.8/15
- 5 Years of the last 5 in which EPS rose: 4 of 5  · threshold 5 of 5 · points 12.0/15
- 6 Net cash (cash minus borrowings) / market cap: -21.9%  · threshold >= +10% · points 0.9/10

Inputs:
  - Price (close, per traded unit): 162.74 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 5.77 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - EPS diluted FY2020: 3.77 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/ · unverified
  - lt_debt: 18628000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - debt_lt_current: 1218000000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - debt_short: 1218000000.0 · 2026-06-30 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - equity: 29551000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - cash: 1067000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified

### Graham Enterprising: 35.4 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 13, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 1.01  · threshold >= 1.5 · points 0.4/15
- 2 Borrowings vs working capital: 14.16 x · threshold <= 1.1x · points 0.0/15
- 3 No earnings deficit in the last 5 years: 5 of 5 profitable  · threshold 5 of 5 · points 15.0/15
- 4 Pays a current dividend: yes  · threshold yes · points 10.0/10
- 5 EPS higher than five years earlier: 3.77 -> 5.77  · threshold higher · points 10.0/10
- 6 Price / book value per share: 3.09  · threshold <= 1.2 · points 0.0/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 162.74 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 122064000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - current_liabilities: 120576000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - lt_debt: 18628000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - debt_lt_current: 1218000000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - debt_short: 1218000000.0 · 2026-06-30 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - Net income FY2021: 4058000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/ · unverified
  - Net income FY2022: 1446000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/ · unverified
  - Net income FY2023: 2368000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Net income FY2024: 2754000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Net income FY2025: 3315000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/ICE/history?filter=div
  - EPS diluted FY2025: 5.77 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - EPS diluted FY2020: 3.77 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/ · unverified
  - equity: 29551000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - Shares outstanding: 561394487.0 · 2026-07-27 · SEC cover page 10-Q 0001571949-26-000011 (561,394,487 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/R1.htm

### Piotroski F-Score: 88.9 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 2.4%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 4,662M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: 2.0% -> 2.4%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 4,662M vs 3,315M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: 12.4% -> 13.6%  · threshold pass = 1 · points 0.0/11.11111111111111
- 6 Current ratio improved: 0.99 -> 1.02  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 7 No new shares issued (share count did not rise): 572M -> 561M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 36.6% -> 39.0%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 0.08 -> 0.09  · threshold pass = 1 · points 11.11111111111111/11.11111111111111

Inputs:
  - net_income 2025-12-31: 3315000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - total_assets 2025-12-31: 136887000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - cfo 2025-12-31: 4662000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - net_income 2025-12-31: 3315000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - net_income 2024-12-31: 2754000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - total_assets 2025-12-31: 136887000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - total_assets 2024-12-31: 139428000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - cfo 2025-12-31: 4662000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - net_income 2025-12-31: 3315000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - lt_debt 2025-12-31: 18609000000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - lt_debt 2024-12-31: 17341000000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - total_assets 2025-12-31: 136887000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - total_assets 2024-12-31: 139428000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - current_assets 2025-12-31: 85778000000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - current_assets 2024-12-31: 89095000000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - current_liabilities 2025-12-31: 84116000000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - current_liabilities 2024-12-31: 89553000000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - shares_out 2026-07-27: 561394487.0 · 2026-07-27 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - shares_out 2025-07-28: 572423088.0 · 2025-07-28 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000013/ · unverified
  - operating_income 2025-12-31: 4929000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - operating_income 2024-12-31: 4309000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - revenue 2025-12-31: 12640000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - revenue 2024-12-31: 11761000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - revenue 2025-12-31: 12640000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - revenue 2024-12-31: 11761000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified
  - total_assets 2025-12-31: 136887000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ · unverified
  - total_assets 2024-12-31: 139428000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 162.74 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 561,394,487 underlying shares, period 2026-07-27, SEC cover page 10-Q 0001571949-26-000011 (561,394,487 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/ice-20260630.htm, accession 0001571949-26-000011 · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000011/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 91,361,338,814 USD; 162.74 (price 2026-10-23) / 1 x 561,394,487 (shares at 2026-07-27) = 91,361,338,814

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2013 (ended 2013-12-31): 1730000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194916000020/
- FY2014 (ended 2014-12-31): 4352000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194917000003/
- FY2015 (ended 2015-12-31): 4682000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194918000003/
- FY2016 (ended 2016-12-31): 5971000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194919000003/
- FY2017 (ended 2017-12-31): 5843000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194920000003/
- FY2018 (ended 2018-12-31): 6276000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194921000003/
- FY2019 (ended 2019-12-31): 6547000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194922000006/
- FY2020 (ended 2020-12-31): 8244000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/
- FY2021 (ended 2021-12-31): 9168000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/
- FY2022 (ended 2022-12-31): 9636000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/
- FY2023 (ended 2023-12-31): 9903000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/
- FY2024 (ended 2024-12-31): 11761000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/
- FY2025 (ended 2025-12-31): 12640000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/

## Net income by fiscal year (SEC XBRL)

- FY2013 (ended 2013-12-31): 254000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194916000020/
- FY2014 (ended 2014-12-31): 981000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194917000003/
- FY2015 (ended 2015-12-31): 1274000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194918000003/
- FY2016 (ended 2016-12-31): 1430000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194919000003/
- FY2017 (ended 2017-12-31): 2526000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194920000003/
- FY2018 (ended 2018-12-31): 1988000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194921000003/
- FY2019 (ended 2019-12-31): 1933000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194922000006/
- FY2020 (ended 2020-12-31): 2089000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194923000006/
- FY2021 (ended 2021-12-31): 4058000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194924000007/
- FY2022 (ended 2022-12-31): 1446000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194925000003/
- FY2023 (ended 2023-12-31): 2368000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/
- FY2024 (ended 2024-12-31): 2754000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/
- FY2025 (ended 2025-12-31): 3315000000.0 · https://www.sec.gov/Archives/edgar/data/1571949/000157194926000004/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2013 (ended 2013-12-31): 0.642 [filed 3.21, split factor 5.0]
- FY2014 (ended 2014-12-31): 1.71 [filed 1.71, split factor 1.0]
- FY2015 (ended 2015-12-31): 2.28 [filed 2.28, split factor 1.0]
- FY2016 (ended 2016-12-31): 2.39 [filed 2.39, split factor 1.0]
- FY2017 (ended 2017-12-31): 4.25 [filed 4.25, split factor 1.0]
- FY2018 (ended 2018-12-31): 3.43 [filed 3.43, split factor 1.0]
- FY2019 (ended 2019-12-31): 3.42 [filed 3.42, split factor 1.0]
- FY2020 (ended 2020-12-31): 3.77 [filed 3.77, split factor 1.0]
- FY2021 (ended 2021-12-31): 7.18 [filed 7.18, split factor 1.0]
- FY2022 (ended 2022-12-31): 2.58 [filed 2.58, split factor 1.0]
- FY2023 (ended 2023-12-31): 4.19 [filed 4.19, split factor 1.0]
- FY2024 (ended 2024-12-31): 4.78 [filed 4.78, split factor 1.0]
- FY2025 (ended 2025-12-31): 5.77 [filed 5.77, split factor 1.0]

## Dividend years (Yahoo history)

2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-09-14 S Foley Douglas (officer) 1600 @ 160.00 = 256000 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526393127/
- 2026-09-01 S Jackson Benjamin (Pres) 1600 @ 161.05 = 257680 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526381954/
- 2026-09-01 S Jackson Benjamin (Pres) 6242 @ 160.17 = 999781 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526381954/
- 2026-09-01 S Jackson Benjamin (Pres) 5020 @ 159.68 = 801594 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526381954/
- 2026-09-01 S Edmonds Christopher Scott (Pres) 5000 @ 160.59 = 802950 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526381962/
- 2026-08-26 S Surdykowski Andrew J (officer) 3974 @ 161.67 = 642477 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526374604/
- 2026-08-26 S Surdykowski Andrew J (officer) 600 @ 162.38 = 97428 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526374604/
- 2026-08-26 S Tirinnanzi Martha A (director) 1340 @ 161.16 = 215954 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526374606/
- 2026-08-20 S Foley Douglas (officer) 1600 @ 160.00 = 256000 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526363664/
- 2026-08-19 S Gardiner Warren (CFO) 2491 @ 156.30 = 389343 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526361178/
- 2026-08-13 S Tirinnanzi Martha A (director) 141 @ 155.00 = 21855 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526354149/
- 2026-08-12 S Kapani Mayur (officer) 400 @ 149.83 = 59932 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526352393/
- 2026-08-12 S Kapani Mayur (officer) 100 @ 151.78 = 15178 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526352393/
- 2026-08-12 S Kapani Mayur (officer) 3771 @ 151.33 = 570665 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526352393/
- 2026-08-05 S Foley Douglas (officer) 7300 @ 148.88 = 1086824 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526340345/
- 2026-07-16 S Martin Lynn C (Pres) 3200 @ 140.90 = 450880 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526308983/
- 2026-07-16 S Martin Lynn C (Pres) 200 @ 142.30 = 28460 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526308983/
- 2026-07-16 S Martin Lynn C (Pres) 9482 @ 141.65 = 1343125 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526308983/
- 2026-07-16 S Martin Lynn C (Pres) 3000 @ 139.75 = 419250 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526308983/
- 2026-06-12 S Hague William Jefferson (director) 1333 @ 139.46 = 185900 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526272681/
- 2026-06-09 S Hague William Jefferson (director) 91 @ 138.50 = 12604 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526267913/
- 2026-05-26 S Surdykowski Andrew J (officer) 1965 @ 150.97 = 296656 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526245320/
- 2026-05-26 S Surdykowski Andrew J (officer) 2608 @ 152.00 = 396416 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526245320/
- 2026-05-22 S Bowen Sharon (director) 667 @ 151.28 = 100904 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526241982/
- 2026-05-19 S Gardiner Warren (CFO) 2490 @ 156.64 = 390034 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526232700/
- 2026-05-14 S Kapani Mayur (officer) 1371 @ 155.73 = 213506 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526228986/
- 2026-05-14 S Kapani Mayur (officer) 2900 @ 155.27 = 450283 · https://www.sec.gov/Archives/edgar/data/1571949/000119312526228986/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001571949
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001571949.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001571949&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001571949&type=8-K
- yahoo: https://finance.yahoo.com/quote/ICE
- stooq: https://stooq.com/q/d/?s=ice.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=ICE
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=ICE
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/ice/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/ICE
- openinsider (link only, nothing stored): http://openinsider.com/search?q=ICE
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=ICE+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/ICE; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.