ICE · 10-Q · 2026Q3 · Full report
Free Cash Flow Trends
Intercontinental Exchange, Inc. · 2026-10-29 · Importance 64 · Surprise 56 · From source text
For the nine months ended September 30, 2026, operating cash flow increased 32.5% to $4.486 billion from $3.387 billion. Free cash flow rose 33.5% to $3.822 billion from $2.862 billion, while adjusted free cash flow increased 17.3% to $3.728 billion from $3.178 billion. Capital expenditures were $318 million, up from $207 million, and capitalized software development costs were $346 million, compared with $318 million; net Section 31 fees reduced free cash flow by $94 million in 2026.
Key facts
- For the nine months ended September 30, 2026, free cash flow was $3,822 million, compared with $2,862 million in 2025. source
- For the nine months ended September 30, 2026, adjusted free cash flow was $3,728 million, compared with $3,178 million in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +0.5% | For the nine months ended September 30, 2026, free cash flow was $3,822 million, compared with $2,862 million in 2025. |
| cash | positive | realized | +0.3% | For the nine months ended September 30, 2026, adjusted free cash flow was $3,728 million, compared with $3,178 million in 2025. |