Nasdaq NDAQ Peer Comparison

NASDAQ NDAQ
$94.22 -0.82 (-0.86%)
As of: Sep 9, 2026 · 3:59 PM EDT
Peer Comparison

132 Comparable Companies

Industry Exchanges

Nasdaq, Inc. (NDAQ) is the 14th largest of 132 Exchanges companies by market capitalisation, at 53.21 Bn, behind Nebius Group N.V. at 58.34 Bn. It trades on a P/E of 27.05, 8% above the peer median of 24.96. The table below compares all 132 on 8 financial metrics.

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# Ticker Company match industry_code industry_group industry_group_code Market Capitalization P/E P/S Enterprise Value
1 CME Cme Group Inc. primary F-20 Capital Markets FG-05 99.04 Bn 23.17 14.62 99.04 Bn
2 ICE Intercontinental Exchange, Inc. primary F-20 Capital Markets FG-05 88.45 Bn 21.57 6.59 86.50 Bn
3 NDAQ Nasdaq, Inc. primary F-20 Capital Markets FG-05 53.21 Bn 27.05 6.08 52.49 Bn
4 CBOE Cboe Global Markets, Inc. primary F-20 Capital Markets FG-05 30.51 Bn 22.65 6.03 28.12 Bn
5 TW Tradeweb Markets Inc. primary F-20 Capital Markets FG-05 21.83 Bn 21.46 9.90 19.78 Bn
6 MKTX Marketaxess Holdings Inc primary F-20 Capital Markets FG-05 5.75 Bn 18.74 6.61 5.46 Bn
7 MIAX Miami International Holdings, Inc. primary F-20 Capital Markets FG-05 4.08 Bn 28.69 2.78 3.41 Bn
8 MA Mastercard Inc secondary F-25 Payments FG-07 501.67 Bn 30.86 14.30 488.19 Bn
9 STX Seagate Technology Holdings plc secondary T-12 Computer Hardware TG-02 194.27 Bn 61.01 15.93 192.57 Bn
10 NOW ServiceNow, Inc. secondary T-20 Business Applications TG-03 135.65 Bn 81.23 9.21 130.99 Bn
11 SPGI S&P Global Inc. secondary F-23 Financial Data FG-06 124.03 Bn 23.33 7.69 119.89 Bn
12 ADP Automatic Data Processing Inc secondary T-21 Business Applications TG-03 106.70 Bn 24.18 4.86 102.47 Bn
13 EQIX Equinix Inc secondary T-44 Cloud Computing TG-07 102.92 Bn 67.27 10.50 100.69 Bn
14 SLB Slb Limited/Nv secondary E-10 Oilfield Services and Equipment EG-04 85.07 Bn 28.95 3.03 81.00 Bn
15 MCO Moodys Corp /De/ secondary F-23 Financial Data FG-06 82.83 Bn 29.60 10.15 81.34 Bn
16 DLR Digital Realty Trust, Inc. secondary R-11 Infrastructure REITs RG-02 67.23 Bn 367.80 9.93 65.36 Bn
17 RLXXF Relx Plc secondary T-23 Business Applications TG-03 62.58 Bn — — 62.21 Bn
18 NBIS Nebius Group N.V. secondary T-43 Cloud Computing TG-07 58.34 Bn -227.89 43.05 50.29 Bn
19 MSCI MSCI Inc. secondary F-23 Financial Data FG-06 40.50 Bn 29.82 12.15 40.15 Bn
20 CHT Chunghwa Telecom Co Ltd secondary C-01 Telecommunications CG-01 34.46 Bn 25.73 4.36 31.88 Bn
21 IRM Iron Mountain Inc secondary I-27 Business Services IG-06 34.33 Bn 82.01 4.54 34.13 Bn
22 VRSK Verisk Analytics, Inc. secondary F-23 Financial Data FG-06 23.26 Bn 26.27 7.42 22.71 Bn
23 RCIAF Rogers Communications Inc secondary C-01 Telecommunications CG-01 20.60 Bn 4.60 1.14 23.90 Bn
24 TRU TransUnion secondary F-24 Financial Data FG-06 14.89 Bn 19.80 3.04 14.05 Bn
25 ULS UL Solutions Inc. secondary I-26 Business Services IG-06 14.72 Bn 27.88 4.68 14.29 Bn
26 IREN IREN Ltd secondary T-59 Fintech TG-09 14.36 Bn -20.43 20.30 6.79 Bn
27 DOCU Docusign, Inc. secondary T-22 Business Applications TG-03 12.30 Bn 37.30 3.66 11.53 Bn
28 JKHY Jack Henry & Associates Inc secondary T-57 Fintech TG-09 11.38 Bn 22.64 4.47 11.37 Bn
29 HUT Hut 8 Corp. secondary T-59 Fintech TG-09 11.34 Bn -17.20 35.68 4.55 Bn
30 FROG JFrog Ltd secondary T-34 Infrastructure Software TG-06 10.55 Bn -196.36 17.59 9.73 Bn
31 FDS Factset Research Systems Inc secondary F-23 Financial Data FG-06 10.11 Bn 17.87 4.15 9.81 Bn
32 SAIL SailPoint, Inc. secondary T-39 Infrastructure Software TG-06 9.98 Bn -63.41 8.90 9.59 Bn
33 GPUS-PD Hyperscale Data, Inc. secondary T-59 Fintech TG-09 8.84 Bn -86.90 67.91 8.77 Bn
34 WULF Terawulf Inc. secondary T-44 Cloud Computing TG-07 8.33 Bn -4.33 50.41 5.57 Bn
35 PCOR Procore Technologies, Inc. secondary T-30 Vertical Software TG-05 8.18 Bn -210.80 5.75 7.52 Bn
36 RIOT Riot Platforms, Inc. secondary T-59 Fintech TG-09 7.64 Bn -6.45 11.33 7.10 Bn
37 MORN Morningstar, Inc. secondary F-23 Financial Data FG-06 7.50 Bn 17.76 2.92 6.97 Bn
38 APLD Applied Digital Corp. secondary T-44 Cloud Computing TG-07 7.46 Bn -29.83 12.95 3.49 Bn
39 CWAN Clearwater Analytics Holdings, Inc. secondary T-18 Business Applications TG-03 7.30 Bn -144.94 8.84 7.22 Bn
40 CIFR Cipher Digital Inc. secondary T-44 Cloud Computing TG-07 6.94 Bn -6.20 36.31 2.92 Bn
41 LUMN Lumen Technologies, Inc. secondary C-02 Telecommunications CG-01 6.88 Bn -6.72 0.58 5.01 Bn
42 DSGX Descartes Systems Group Inc secondary T-32 Vertical Software TG-05 6.31 Bn 29.60 8.37 5.93 Bn
43 GDS GDS Holdings Ltd secondary T-44 Cloud Computing TG-07 6.17 Bn 11.38 3.49 3.98 Bn
44 NCSYF NICE Ltd. secondary T-26 Workplace Software TG-04 5.99 Bn 6.47 1.01 5.63 Bn
45 QLYS Qualys, Inc. secondary T-38 Infrastructure Software TG-06 5.93 Bn 28.71 8.43 5.50 Bn
46 CORZ Core Scientific, Inc./tx secondary T-44 Cloud Computing TG-07 5.88 Bn -4.11 13.34 3.94 Bn
47 BGC BGC Group, Inc. secondary F-18 Capital Markets FG-05 5.79 Bn 30.35 1.76 5.01 Bn
48 VIRT Virtu Financial, Inc. secondary F-18 Capital Markets FG-05 5.50 Bn 5.18 1.35 4.43 Bn
49 MRX Marex Group Ltd secondary F-18 Capital Markets FG-05 5.40 Bn 8.46 2.21 5.40 Bn
50 PIPR Piper Sandler Companies secondary F-17 Capital Markets FG-05 5.22 Bn 14.35 2.46 4.92 Bn
51 TMSOF Thomson Reuters Corp /Can/ secondary T-22 Business Applications TG-03 5.12 Bn 3.11 0.65 4.08 Bn
52 GLXY Galaxy Digital Inc. secondary F-22 Capital Markets FG-05 4.86 Bn -17.45 0.08 3.30 Bn
53 BOX Box Inc secondary T-24 Workplace Software TG-04 4.72 Bn 48.86 3.86 4.28 Bn
54 MARA MARA Holdings, Inc. secondary T-59 Fintech TG-09 4.53 Bn -1.31 5.64 4.10 Bn
55 JG Aurora Mobile Ltd secondary T-34 Infrastructure Software TG-06 4.15 Bn 3,477.27 73.78 4.13 Bn
56 HLNE Hamilton Lane INC secondary F-11 Asset and Wealth Management FG-03 4.12 Bn 9.45 4.80 3.78 Bn
57 WK Workiva Inc secondary T-22 Business Applications TG-03 4.05 Bn 86.12 4.20 3.24 Bn
58 STEP StepStone Group Inc. secondary F-11 Asset and Wealth Management FG-03 4.01 Bn — — 3.10 Bn
59 QTWO Q2 Holdings, Inc. secondary T-57 Fintech TG-09 3.71 Bn 40.30 4.38 3.60 Bn
60 WT WisdomTree, Inc. secondary F-09 Asset and Wealth Management FG-03 3.59 Bn 44.79 5.89 3.30 Bn
61 CLSK Cleanspark, Inc. secondary T-59 Fintech TG-09 3.57 Bn -3.47 — 3.37 Bn
62 INTA Intapp, Inc. secondary T-16 Business Applications TG-03 3.08 Bn -74.64 5.34 2.92 Bn
63 CLBT Cellebrite DI Ltd. secondary T-38 Infrastructure Software TG-06 2.77 Bn 47.08 5.38 2.48 Bn
64 AVPT AvePoint, Inc. secondary T-37 Infrastructure Software TG-06 2.72 Bn 29.34 5.84 2.31 Bn
65 BTDR Bitdeer Technologies Group secondary T-59 Fintech TG-09 2.52 Bn -5.42 3.10 2.06 Bn
66 VERX Vertex, Inc. secondary T-22 Business Applications TG-03 2.00 Bn 1,221.42 2.54 1.77 Bn
67 PRCH Porch Group, Inc. secondary F-13 Insurance FG-04 1.82 Bn -204.46 3.49 1.62 Bn
68 VNET VNET Group, Inc. secondary T-44 Cloud Computing TG-07 1.75 Bn -5.09 1.13 0.76 Bn
69 TFIN Triumph Financial, Inc. secondary F-01 Banking FG-01 1.57 Bn 44.41 27.59 0.67 Bn
70 SIFY Sify Technologies Ltd secondary T-44 Cloud Computing TG-07 1.55 Bn 548.93 4.04 1.55 Bn
71 CLVT Clarivate Plc secondary T-22 Business Applications TG-03 1.22 Bn -3.67 0.51 1.01 Bn
72 DFIN Donnelley Financial Solutions, Inc. secondary T-22 Business Applications TG-03 1.22 Bn 48.46 1.57 1.20 Bn
73 SHAZ SharonAI Holdings Inc. secondary T-43 Cloud Computing TG-07 1.06 Bn -2.34 363.19 -0.80 Bn
74 RDVT Red Violet, Inc. secondary T-39 Infrastructure Software TG-06 1.05 Bn 71.52 10.63 1.00 Bn
75 LZ Legalzoom.Com, Inc. secondary T-22 Business Applications TG-03 0.98 Bn 58.57 1.24 0.82 Bn
76 HSTM Healthstream Inc secondary T-27 Vertical Software TG-05 0.84 Bn 39.63 2.62 0.77 Bn
77 HIVE HIVE Digital Technologies Ltd. secondary T-59 Fintech TG-09 0.82 Bn -2.51 2.49 0.59 Bn
78 WYFI WhiteFiber, Inc. secondary T-44 Cloud Computing TG-07 0.75 Bn -82.17 8.17 0.69 Bn
79 GLTKD GlobalTech Corp secondary C-02 Telecommunications CG-01 0.71 Bn -162.00 21.17 0.71 Bn
80 CCSI Consensus Cloud Solutions, Inc. secondary T-26 Workplace Software TG-04 0.67 Bn 7.07 1.89 0.57 Bn
81 OSPN OneSpan Inc. secondary T-39 Infrastructure Software TG-06 0.60 Bn 8.75 2.43 0.56 Bn
82 BTBT Bit Digital, Inc secondary T-59 Fintech TG-09 0.58 Bn -2.29 4.69 0.48 Bn
83 XMAX XMax Inc. secondary D-07 Household Durables DG-02 0.52 Bn 17.52 32.55 0.49 Bn
84 HKHC Horizon Kinetics Holding Corp secondary F-09 Asset and Wealth Management FG-03 0.49 Bn 11.53 6.83 0.35 Bn
85 CCOI Cogent Communications Holdings, Inc. secondary C-02 Telecommunications CG-01 0.45 Bn -9.59 0.47 0.08 Bn
86 GREEL Vulcan Infrastructure & Power Inc. secondary T-44 Cloud Computing TG-07 0.45 Bn 869.12 8.75 0.44 Bn
87 TLS Telos Corp secondary T-22 Business Applications TG-03 0.34 Bn -21.89 1.78 0.29 Bn
88 BSAI Blusky Ai Inc. secondary T-44 Cloud Computing TG-07 0.34 Bn -24.56 — 0.34 Bn
89 DGXX Digi Power X Inc. secondary T-44 Cloud Computing TG-07 0.33 Bn -8.29 10.76 0.20 Bn
90 DUOT Duos Technologies Group, Inc. secondary T-44 Cloud Computing TG-07 0.27 Bn 6.64 10.56 0.15 Bn
91 LAW CS Disco, Inc. secondary T-22 Business Applications TG-03 0.26 Bn -6.48 1.57 0.16 Bn
92 AGPU Axe Compute Inc. secondary T-44 Cloud Computing TG-07 0.22 Bn -8.68 — 0.19 Bn
93 FUFU Bitfufu Inc. secondary T-59 Fintech TG-09 0.22 Bn -1.85 0.54 0.19 Bn
94 BGIN BGIN BLOCKCHAIN Ltd secondary T-01 Semiconductors TG-01 0.22 Bn -1.25 3.39 0.19 Bn
95 DEFT Defi Technologies, Inc. secondary F-09 Asset and Wealth Management FG-03 0.21 Bn 8.76 3.42 0.13 Bn
96 SLNH Soluna Holdings, Inc secondary T-44 Cloud Computing TG-07 0.16 Bn -1.96 3.84 0.16 Bn
97 TRAK ReposiTrak, Inc. secondary T-32 Vertical Software TG-05 0.15 Bn 20.71 6.17 0.12 Bn
98 AEYE Audioeye Inc secondary T-22 Business Applications TG-03 0.10 Bn -21.19 2.31 0.09 Bn
99 USDW Made In Usa Inc. secondary T-22 Business Applications TG-03 0.09 Bn 92,305.45 3,513.82 0.09 Bn
100 EGG Enigmatig Ltd secondary I-26 Business Services IG-06 0.07 Bn — — 0.06 Bn
101 AIB AIB Data Centers Inc. secondary T-44 Cloud Computing TG-07 0.06 Bn -15.64 3.73 0.01 Bn
102 VRM Vroom, Inc. secondary F-04 Lending and Credit FG-02 0.06 Bn -1.19 0.27 -0.08 Bn
103 MFI mF International Ltd secondary T-40 Infrastructure Software TG-06 0.05 Bn — 12.47 0.02 Bn
104 VDTA Vertical Data Inc. secondary T-64 Technology Services TG-11 0.05 Bn -7.56 7.89 0.05 Bn
105 MKTW Marketwise, Inc. secondary T-23 Business Applications TG-03 0.05 Bn 1.70 0.15 0.02 Bn
106 SAIH SAIHEAT Ltd secondary T-59 Fintech TG-09 0.04 Bn -7.38 10.53 0.04 Bn
107 DGNX Diginex Ltd secondary T-22 Business Applications TG-03 0.04 Bn 0.00 0.00 0.03 Bn
108 MAPS Wm Technology, Inc. secondary T-51 Internet Platforms TG-08 0.04 Bn 12.59 0.23 -0.02 Bn
109 BGDE Big Digital Energy, Inc. secondary T-44 Cloud Computing TG-07 0.04 Bn -2.14 1.34 0.02 Bn
110 MOVE Corvex, Inc. secondary T-44 Cloud Computing TG-07 0.04 Bn -1.28 8.05 0.01 Bn
111 IPM Intelligent Protection Management Corp. secondary T-63 Technology Services TG-11 0.03 Bn -6.73 1.00 0.02 Bn
112 CRMZ Creditriskmonitor Com Inc secondary T-22 Business Applications TG-03 0.02 Bn -56.52 1.14 0.01 Bn
113 TRCK Track Group, Inc. secondary T-11 Computer Hardware TG-02 0.02 Bn 0.81 0.46 0.01 Bn
114 UPYY Upay secondary T-22 Business Applications TG-03 0.02 Bn -11.27 19.76 0.02 Bn
115 QMCI Quotemedia Inc secondary T-23 Business Applications TG-03 0.01 Bn -8.74 0.69 0.01 Bn
116 TRXA T-REX Acquisition Corp. secondary T-59 Fintech TG-09 0.01 Bn -2.35 270.58 0.01 Bn
117 ASFH Asiafin Holdings Corp. secondary T-54 Fintech TG-09 0.01 Bn 15.49 1.82 0.01 Bn
118 CISO CISO Global, Inc. secondary T-38 Infrastructure Software TG-06 0.01 Bn -2.03 0.42 0.01 Bn
119 SLAIY SOLAI Ltd secondary T-59 Fintech TG-09 0.01 Bn -0.29 0.42 0.01 Bn
120 NVNI Nvni Group Ltd secondary T-19 Business Applications TG-03 0.01 Bn -0.44 0.27 0.01 Bn
121 GLE Global Engine Group Holding Ltd secondary T-63 Technology Services TG-11 0.01 Bn — — 0.01 Bn
122 GDLG Glidelogic Corp. secondary T-40 Infrastructure Software TG-06 0.01 Bn -50.40 — 0.01 Bn
123 ESSI Eco Science Solutions, Inc. secondary T-19 Business Applications TG-03 0.00 Bn -3.08 12,559.11 0.00 Bn
124 OVTZ Oculus Inc. secondary T-22 Business Applications TG-03 0.00 Bn — — 0.00 Bn
125 HCTI Healthcare Triangle, Inc. secondary T-38 Infrastructure Software TG-06 0.00 Bn -0.48 0.08 0.00 Bn
126 KSEZ Kinetic Seas Inc. secondary T-40 Infrastructure Software TG-06 0.00 Bn 4.06 78.04 0.00 Bn
127 JTAI Jet.AI Inc. secondary I-18 Transportation IG-05 0.00 Bn 0.31 0.16 -0.01 Bn
128 NOTE FiscalNote Holdings, Inc. secondary T-22 Business Applications TG-03 0.00 Bn -0.01 0.02 -0.02 Bn
129 SHFS SHF Holdings, Inc. secondary F-06 Lending and Credit FG-02 0.00 Bn -0.22 0.14 0.00 Bn
130 MITI Mitesco, Inc. secondary T-44 Cloud Computing TG-07 0.00 Bn -0.13 27.31 0.00 Bn
131 SKYI Sky Century Investment, Inc. secondary C-07 Advertising and Media CG-02 0.00 Bn -6.30 3.12 0.00 Bn
132 HKIT HiTek Global Inc. secondary T-64 Technology Services TG-11 0.00 Bn 1.80 0.17 0.00 Bn