Earnings Per Common Share

12 Months Ended

Dec. 31, 2025

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations in 2025, 2024 and 2023 (in millions, except per share amounts):


	Year Ended December 31,
	2025		2024		2023
Basic:
Net income attributable to Intercontinental Exchange, Inc.	$	3,315	$	2,754	$	2,368
Weighted average common shares outstanding	572		573		564
Basic earnings per common share	$	5.79	$	4.80	$	4.20
Diluted:
Weighted average common shares outstanding	572		573		564
Effect of dilutive securities - stock options and restricted stock	3		3		1
Diluted weighted average common shares outstanding	575		576		565
Diluted earnings per common share	$	5.77	$	4.78	$	4.19

Basic earnings per common share is calculated using the weighted average common shares outstanding during the periods.

Common equivalent shares from stock options and restricted stock awards, calculated using the treasury stock method, are included in the diluted per share calculations unless the effect of their inclusion would be antidilutive. As of December 31, 2025, 2024, and 2023, there were 100,000, 188,000 and 791,000, respectively, outstanding stock options and restricted stock awards excluded from the computation of diluted earnings per common share because had they been included, they would have had an antidilutive effect. As of both December 31, 2025 and 2024, there were 5,000 restricted stock units that were vested but have not been issued included in the computation of diluted earnings per share. Certain figures in the table above may not recalculate due to rounding.