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Arphra AIPlain-English read on Intercontinental Exchange, Inc.’s valuationEnterprise value
$95.2B
Market cap
$75.71B
Net debt
$19.49B
Total debt
$20.99B
Cash & ST inv.
$2.38B
Capital structure
· balance sheet · 2026-03-31Enterprise-value bridge
Equity 80%
Net debt 20%
Share of enterprise value funded by equity vs net debt.
Market capitalisation$75.71B
+ Total debt+$20.99B
− Cash & short-term investments−$2.38B
= Enterprise value$95.2B
Valuation
· key metrics · TTMEV multiples
EV / EBITDA14.4×
EV / Sales7.3×
EV / FCF20.9×
Net debt / EBITDA2.9×
Debt / Equity—
History
· 3y · net debt held constant