Intercontinental Exchange reported $3.60B of remaining performance obligations at 30 Sep 2026, up 6% from a year earlier and up 6% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.05.
Net new backlog added in the latest quarter: $200M.
Over the last twelve months it turned about 413% of its opening backlog into revenue (12-month conversion).
The company reports 10% of the backlog due within the first 3 months.
Customer prepayments (contract liabilities) cover 13.8% of the backlog.
Twelve-month book-to-bill: 1.01, i.e. 1.01 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -6 points — revenue is catching up with orders.
By backlog size it ranks 140th among US filers the cockpit tracks.
Intercontinental Exchange backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$3.60B
$14.0B
0.3 yrs
$497M
30 Jun 2026
$3.40B
$13.4B
0.3 yrs
$653M
31 Mar 2026
$3.50B
$13.1B
0.3 yrs
$726M
30 Sep 2025
$3.40B
$12.5B
0.3 yrs
$447M
30 Jun 2025
$3.30B
$12.6B
0.3 yrs
$601M
31 Mar 2025
$3.50B
$12.2B
0.3 yrs
$703M
31 Dec 2024
$3.50B
$11.8B
0.3 yrs
$333M
30 Sep 2024
$3.70B
$11.4B
0.3 yrs
$475M
30 Jun 2024
$3.80B
$10.8B
0.4 yrs
$602M
31 Mar 2024
$4.10B
$10.2B
0.4 yrs
$700M
31 Dec 2023
$4.00B
$9.90B
0.4 yrs
$307M
Questions
What is Intercontinental Exchange's backlog?
Intercontinental Exchange reported $3.60B of remaining performance obligations at 30 Sep 2026, up 6% from a year earlier and up 6% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.05.
How fast does Intercontinental Exchange's backlog turn into revenue?
Over the last twelve months Intercontinental Exchange recognised revenue equal to about 413% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.