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ICE vs SPGI
Which Stock Would AI Choose? Intercontinental Exchange (ICE) vs. S&P Global (SPGI) Stock Comparison
Key Takeaways
- ICE (Intercontinental Exchange) is a diversified market-infrastructure operator spanning exchanges, clearing, data, and mortgage technology, while SPGI (S&P Global) anchors itself in credit ratings, benchmarks, indices, and financial data.
- Both companies delivered record results in their most recent quarter, but SPGI showed stronger top-line growth (roughly 9% year over year) than ICE (about 3%), reflecting different business drivers.
- ICE leans on transaction and recurring revenue from its exchange and clearing franchises, whereas SPGI derives much of its momentum from credit issuance, indices, and subscription-based analytics.
- SPGI has underperformed the broader market over the past year, while ICE has traded closer to its historical range, making relative positioning a key contrast for investors.
- Each name carries distinct risk factors: ICE faces exposure to trading-volume cycles and mortgage markets, while SPGI is sensitive to bond issuance, leadership transitions, and a premium valuation.
- For additional context, readers can track ICE Major News and ICE Today's Price Move, as well as SPGI Major News and SPGI Today's Price Move.
- Investors seeking data-driven signals may also want to explore Trending AI Robots to see how automated strategies are currently positioned across the market.
Introduction
Intercontinental Exchange and S&P Global are two of the most important financial-data and market-infrastructure companies in the world, yet they serve investors in notably different ways. ICE operates exchanges, clearing houses, and mortgage-technology platforms, while SPGI is best known for credit ratings, the S&P indices, and data analytics. This stock comparison is relevant for investors evaluating how two capital-markets franchises with recurring revenue, wide competitive moats, and steady capital returns stack up on growth, momentum, and market positioning. By examining recent performance, business drivers, and risk profiles, traders and longer-term investors can better assess which profile may suit the current environment.
ICE Overview and Recent Performance
Intercontinental Exchange is a global operator of financial exchanges and clearing houses, including the New York Stock Exchange, alongside fixed-income data services and a sizable mortgage-technology segment. In its most recent quarter, ICE posted record net revenues of roughly $2.4 billion, up about 3% year over year, with adjusted earnings per share (EPS) of $1.71 and an adjusted operating margin near 59%. Growth was led by fixed-income and data services and recurring revenue, while transaction-based revenue was roughly flat as trading volumes normalized.
Recent market activity has highlighted ICE's diversification: its data and connectivity offerings and mortgage-technology division have provided stability even as some exchange volumes cooled. The company also announced a strategic investment in Polymarket, a prediction-market platform, signaling an effort to expand into emerging data-driven markets. Broader sentiment has been supported by consistent shareholder returns, with the company repurchasing stock and paying dividends through the period. Key sensitivities include energy and interest-rate trading volumes and conditions in the U.S. mortgage market.
SPGI Overview and Recent Performance
S&P Global is a leading provider of credit ratings, benchmarks, indices, and market intelligence across capital, commodity, and automotive markets. In its latest quarter, SPGI reported revenue of about $3.89 billion, up roughly 9% year over year, with adjusted EPS of $4.73 and an operating margin that expanded to about 52%. The Ratings segment grew around 12%, and Indices about 11%, while Market Intelligence, Commodity Insights, and Mobility all delivered positive growth.
Recent weeks have seen SPGI raise its full-year guidance, announce a $2.5 billion share repurchase plan, and pursue portfolio reshaping through the planned acquisition of private-markets data provider With Intelligence, the completion of the OSTTRA divestiture, and a planned separation of its Mobility division. These moves underscore a focus on private-markets data and streamlined operations. At the same time, the stock has lagged the broader market over the trailing year, and investors continue to weigh a premium valuation alongside recent executive transitions.
Trending AI Robots
Tickeron operates hundreds of AI Trading Bots that collectively trade thousands of different tickers, each with its own trading style, strategy, timeframe, performance history, statistics, and target set of securities. Because conditions in the market are always shifting, not every bot is equally suited to the present environment. The Trending AI Robots page curates only the strategies that Tickeron's platform identifies as the most relevant and best-positioned for current market conditions, giving traders a focused view of where automated signals are clustering right now. Many of these bots track momentum, trend consistency, and volatility-based setups across thousands of instruments. If you want to see how AI-driven strategies are currently reading names like those covered in this comparison, exploring the Trending AI Robots section is a practical next step.
Head-to-Head Comparison
The core contrast between these two stocks is business model. ICE is an infrastructure owner that monetizes both transaction volume and recurring data, giving it a mix of cyclical and subscription revenue. SPGI is primarily an information and analytics business, with ratings and indices tied to issuance activity and market levels, plus a large recurring subscription base.
On recent momentum, SPGI delivered faster revenue growth and stronger margin expansion, driven by robust debt issuance and equity-market activity. ICE posted steadier, more moderate growth with higher overall adjusted margins. In terms of risk, ICE is exposed to trading-volume cycles and mortgage-market conditions, while SPGI is sensitive to bond issuance volumes, energy-sector consolidation, and execution risk around its portfolio changes. From a valuation standpoint, SPGI typically trades at a premium multiple given its ratings and indices franchises, whereas ICE offers a more balanced growth-and-infrastructure profile. Sector exposure also differs: ICE is a market-infrastructure play, while SPGI is closer to an information-services and data-analytics compounder.
Tickeron AI Verdict
Based on observable factors such as trend consistency, earnings momentum, and relative positioning, Tickeron's AI would likely lean toward SPGI for near-term relative strength, given its accelerating revenue growth, expanding margins, and raised guidance. However, ICE may present a more stable trend profile with higher operating margins and diversified recurring revenue. The AI's preference would depend on the specific strategy employed: momentum-oriented models may favor SPGI's catalyst-rich setup, while stability-focused models may favor ICE's consistency. As always, the assessment is probabilistic rather than definitive and reflects current market conditions rather than any long-term forecast.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is ICE is a Buy and SPGI is a StrongBuy.
ICE in upward trend: price rose above 50-day moving average on October 29, 2026
ICE moved above its 50-day moving average on October 29, 2026 date and that indicates a change from a downward trend to an upward trend. In 18 of 30 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 60%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 28, 2026. You may want to consider a long position or call options on ICE as a result. In 35 of 71 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 49%.
The Moving Average Convergence Divergence (MACD) for ICE just turned positive on October 29, 2026. Looking at past instances where ICE's MACD turned positive, the stock continued to rise in 21 of 44 cases over the following month. The odds of a continued upward trend are 48%.
The 10-day moving average for ICE crossed bullishly above the 50-day moving average on October 19, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 7 of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 58%.
Following a +3.77% 3-day Advance, the price is estimated to grow further. Considering data from situations where ICE advanced for three days, in 185 of 344 cases, the price rose further within the following month. The odds of a continued upward trend are 54%.
The Aroon Indicator entered an Uptrend today. In 158 of 333 cases where ICE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 47%.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ICE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 52%.
ICE broke above its upper Bollinger Band on October 30, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 22 (best 1 - 100 worst), indicating outstanding price growth. ICE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 46 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is 59 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 59 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 87 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.273) is normal, around the industry mean (4.143). P/E Ratio (24.229) is within average values for comparable stocks, (19.659). Projected Growth (PEG Ratio) (2.071) is also within normal values, averaging (1.780). Dividend Yield (0.012) settles around the average of (0.017) among similar stocks. P/S Ratio (6.553) is also within normal values, averaging (7.166).
SPGI in upward trend: price rose above 50-day moving average on October 15, 2026
SPGI moved above its 50-day moving average on October 15, 2026 date and that indicates a change from a downward trend to an upward trend. In 22 of 36 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 61%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 09, 2026. You may want to consider a long position or call options on SPGI as a result. In 50 of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 61%.
The Moving Average Convergence Divergence (MACD) for SPGI just turned positive on October 08, 2026. Looking at past instances where SPGI's MACD turned positive, the stock continued to rise in 22 of 39 cases over the following month. The odds of a continued upward trend are 56%.
The 10-day moving average for SPGI crossed bullishly above the 50-day moving average on October 21, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 8 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 57%.
The 50-day moving average for SPGI moved above the 200-day moving average on October 22, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +0.85% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPGI advanced for three days, in 194 of 351 cases, the price rose further within the following month. The odds of a continued upward trend are 55%.
The Aroon Indicator entered an Uptrend today. In 147 of 300 cases where SPGI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 49%.
Bearish Trend Analysis
The 10-day RSI Indicator for SPGI moved out of overbought territory on November 05, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In 27 of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at 66%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 33 of 58 cases where SPGI's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 57%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPGI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 55%.
SPGI broke above its upper Bollinger Band on October 15, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 20 (best 1 - 100 worst), indicating outstanding price growth. SPGI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 56 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 70 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SPGI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 72 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 92 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.378) is normal, around the industry mean (4.143). P/E Ratio (28.455) is within average values for comparable stocks, (19.659). Projected Growth (PEG Ratio) (1.893) is also within normal values, averaging (1.780). Dividend Yield (0.008) settles around the average of (0.017) among similar stocks. P/S Ratio (7.570) is also within normal values, averaging (7.166).
ICE | SPGI | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 36 | 38 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 87 Overvalued | 92 Overvalued | |
PROFIT vs RISK RATING 1..100 | 46 | 70 | |
SMR RATING 1..100 | 59 | 56 | |
PRICE GROWTH RATING 1..100 | 22 | 20 | |
P/E GROWTH RATING 1..100 | 59 | 72 | |
SEASONALITY SCORE 1..100 | 75 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
ICE's Valuation (87) in the Investment Banks Or Brokers industry is in the same range as SPGI (92) in the Financial Publishing Or Services industry. This means that ICE’s stock grew similarly to SPGI’s over the last 12 months.
ICE's Profit vs Risk Rating (46) in the Investment Banks Or Brokers industry is in the same range as SPGI (70) in the Financial Publishing Or Services industry. This means that ICE’s stock grew similarly to SPGI’s over the last 12 months.
SPGI's SMR Rating (56) in the Financial Publishing Or Services industry is in the same range as ICE (59) in the Investment Banks Or Brokers industry. This means that SPGI’s stock grew similarly to ICE’s over the last 12 months.
SPGI's Price Growth Rating (20) in the Financial Publishing Or Services industry is in the same range as ICE (22) in the Investment Banks Or Brokers industry. This means that SPGI’s stock grew similarly to ICE’s over the last 12 months.
ICE's P/E Growth Rating (59) in the Investment Banks Or Brokers industry is in the same range as SPGI (72) in the Financial Publishing Or Services industry. This means that ICE’s stock grew similarly to SPGI’s over the last 12 months.
| ICE | SPGI | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 35% | 1 day ago 66% |
| Stochastic ODDS (%) | 1 day ago 43% | 1 day ago 57% |
| Momentum ODDS (%) | 1 day ago 49% | 2 days ago 61% |
| MACD ODDS (%) | 1 day ago 48% | 3 days ago 56% |
| TrendWeek ODDS (%) | 1 day ago 52% | 1 day ago 53% |
| TrendMonth ODDS (%) | 1 day ago 48% | 1 day ago 52% |
| Advances ODDS (%) | 1 day ago 54% | 1 day ago 55% |
| Declines ODDS (%) | 6 days ago 52% | 6 days ago 55% |
| BollingerBands ODDS (%) | 1 day ago 52% | 1 day ago 57% |
| Aroon ODDS (%) | 1 day ago 47% | 1 day ago 49% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
ICE’s FA Score shows that 1 FA rating(s) are green while SPGI’s FA Score has 1 green FA rating(s).
- ICE’s FA Score: 1 green, 4 red.
- SPGI’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
ICE’s TA Score shows that 6 TA indicator(s) are bullish while SPGI’s TA Score has 7 bullish TA indicator(s).
- ICE’s TA Score: 6 bullish, 4 bearish.
- SPGI’s TA Score: 7 bullish, 4 bearish.
Price Growth
ICE (@Financial Publishing/Services) experienced а +3.18% price change this week, while SPGI (@Financial Publishing/Services) price change was -1.37% for the same time period.
The average weekly price growth across all stocks in the @Financial Publishing/Services industry was -0.02%. For the same industry, the average monthly price growth was +8.92%, and the average quarterly price growth was +15.85%.
Reported Earning Dates
ICE is expected to report earnings on Feb 11, 2027.
SPGI is expected to report earnings on Feb 09, 2027.
Industries' Descriptions
@Financial Publishing/Services (-0.02% weekly)The financial publishing /services sector includes companies that provide informational products and services that are of value to investors, financial/analytics professionals and other interested readers. The products include real-time stock quotes, financial news and analyses. Think S&P Global, Inc., Moody`s Corporation, Thomson-Reuters Corp and IHS Markit Ltd. Information is critical in making financial or investment decisions, and what makes this industry’s output relevant at all times, across various economic conditions.
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ICE and
Correlation & Price change
A.I.dvisor indicates that over the last year, ICE has been loosely correlated with SPGI. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if ICE jumps, then SPGI could also see price increases.
| Ticker / NAME | Correlation To ICE | 1D Price Change % | ||
|---|---|---|---|---|
| ICE | 100% | +2.40% | ||
| SPGI - ICE | 59% Loosely correlated | +0.37% | ||
| TRU - ICE | 53% Loosely correlated | -0.06% | ||
| MSCI - ICE | 53% Loosely correlated | +0.71% | ||
| TW - ICE | 52% Loosely correlated | +0.75% | ||
| MCO - ICE | 51% Loosely correlated | +0.83% | ||
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