Intercontinental ExchangeSTU:IC2 -1.92%86 Net Margin % is 38.54% as of Mar. 2026, which is 49% above its 10-year median of 25.79. GuruFocus rates STU:IC2 with a GF Score™ of 86/100 and a GF Value™ of €145.99 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 774 Capital Markets companies, Intercontinental Exchange ranks better than 68.86% on this metric.
The historical rank and industry rank for Intercontinental Exchange's Net Margin % or its related term are showing as below:
STU:IC2'
s Net Margin % Range Over the Past 10 Years
Min: 15.01 Med: 25.79 Max: 44.26
Current: 30.06
STU:IC2's Net Margin % is ranked better than 68.86% of 774
companies
in the Capital Markets industry
Industry Median: 14.305
vs STU:IC2: 30.06
Intercontinental Exchange (STU:IC2) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Intercontinental Exchange Net Margin % Related Terms
Intercontinental Exchange Net Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:IC2 vs MCO, CME, NDAQ: Net Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Intercontinental Exchange's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Intercontinental Exchange Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Intercontinental Exchange's Net Margin % distribution charts can be found below:
* The bar in red indicates where Intercontinental Exchange's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Intercontinental Exchange (STU:IC2) has a Net Margin % of 38.54% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Intercontinental Exchange and its competitors. This is 49% above median its historical median of 25.79. Over the past decade, Intercontinental Exchange's Net Margin % has ranged from 15.01 to 44.26. According to the industry distribution chart, Intercontinental Exchange ranks #241 out of 774 companies in the Capital Markets industry, placing it in the top 31.1%.
Is Intercontinental Exchange's Net Margin % too high?
Intercontinental Exchange's current Net Margin % of 38.54% is 49% above median its 10-year median of 25.79. Over the past 10 years, this metric has ranged from a low of 15.01 to a high of 44.26. The Capital Markets industry median Net Margin % is 14.31. Intercontinental Exchange's value of 38.54% is 169.4% above this industry median. Based on the distribution chart, Intercontinental Exchange ranks #241 out of 774 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Intercontinental Exchange has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intercontinental Exchange's Net Margin % compare to MCO and CME?
According to the Capital Markets industry distribution chart, Intercontinental Exchange ranks #241 out of 774 companies for Net Margin %. This puts Intercontinental Exchange in the upper half of its industry. The industry median Net Margin % is 14.31. Intercontinental Exchange's value of 38.54% is 169.4% above this benchmark. Historically, Intercontinental Exchange's own Net Margin % has ranged from 15.01 to 44.26 over the past decade. While the company's 10-year median is 25.79 vs. the industry median of 14.31, Intercontinental Exchange has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Capital Markets company?
The median Net Margin % among Capital Markets companies is 14.31, based on 774 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Intercontinental Exchange's current Net Margin % of 38.54% is 169.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Intercontinental Exchange and its competitors. For the Capital Markets industry, the median Net Margin % is 14.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intercontinental Exchange's current Net Margin % is 38.54%, which is 49% above median its own 10-year median of 25.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercontinental Exchange stock overvalued right now?
Based on GuruFocus' analysis, Intercontinental Exchange (STU:IC2) is currently considered Modestly Undervalued. The stock's GF Value™ is €145.99, compared to a current price of €114.70 — trading 21.4% below its estimated fair value. The current Net Margin % is 38.54%, which is 49% above median its 10-year median of 25.79 and 169.4% above the Capital Markets industry median of 14.31. Intercontinental Exchange's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Intercontinental Exchange (STU:IC2), the current Net Margin % is 38.54% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Intercontinental Exchange (STU:IC2) Overvalued in 2026?
Based on GuruFocus' analysis, Intercontinental Exchange stock appears to be undervalued.
The current stock price of €114.70 is trading 21.4% below its estimated GF Value™ of €145.99.
GuruFocus considers Intercontinental Exchange to be Modestly Undervalued.
Key valuation signals for STU:IC2:
Net Margin %: 38.54% (49% above median its 10-year median of 25.79)
GF Value™: €145.99 vs. price of €114.70 (21.4% below fair value)
Industry Position: 169.4% above the Capital Markets median (#241 of 774)
No single metric tells the full story. See the STU:IC2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data-services segment (24% of net revenue).
86GF Score
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