BGC vs Nasdaq: revenue, profit, margins and growth compared
BGC brought in $2.9B of revenue in fiscal 2025, Nasdaq $8.3B in fiscal 2025. Revenue changed by +30.0% at BGC and +11.6% at Nasdaq on the year before, so BGC grew faster. BGC kept 5.3% of its revenue as net profit, Nasdaq 21.6%. Free cash flow was $372.9M at BGC and $2B at Nasdaq.
Fiscal years as each company reports them; the two may end in different months.
Questions about BGC and Nasdaq
Which is bigger by revenue, BGC or Nasdaq?
Nasdaq is bigger by revenue: $8.3B in fiscal 2025, against $2.9B for BGC in fiscal 2025.
Which keeps more of its revenue as profit, BGC or Nasdaq?
BGC had a net margin of 5.3% in fiscal 2025; Nasdaq had 21.6% in fiscal 2025.
Which grew revenue faster, BGC or Nasdaq?
In their latest fiscal years revenue changed by +30.0% at BGC and +11.6% at Nasdaq.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.