Stocks Comparison
Intercontinental Exchange vs Nasdaq: revenue, profit, margins and growth compared
Intercontinental Exchange brought in $12.6B of revenue in fiscal 2025, Nasdaq $8.3B in fiscal 2025. Revenue changed by +7.5% at Intercontinental Exchange and +11.6% at Nasdaq on the year before, so Nasdaq grew faster. Intercontinental Exchange kept 26.2% of its revenue as net profit, Nasdaq 21.6%. Free cash flow was $4.3B at Intercontinental Exchange and $2B at Nasdaq.
Side by side, latest fiscal year
| ICE | NDAQ | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $12.6B | $8.3B |
| Revenue growth | +7.5% | +11.6% |
| Net income | $3.3B | $1.8B |
| Net margin | 26.2% | 21.6% |
| Free cash flow | $4.3B | $2B |
| Free cash flow margin | 33.9% | 24.1% |
| Earnings per share (diluted) | $5.77 | $3.09 |
| Cash | $837M | $604M |
| Debt | $19.6B | $8.6B |
| Price to earnings | 26.7 | 30.3 |
| Market value | $86.6B | $52.3B |
| Dividend yield | 1.24% | 1.12% |
| Rank by revenue in sector | #55 of 444 · Finance | #65 of 444 · Finance |
Over the years
Questions about Intercontinental Exchange and Nasdaq
Which is bigger by revenue, Intercontinental Exchange or Nasdaq?
Intercontinental Exchange is bigger by revenue: $12.6B in fiscal 2025, against $8.3B for Nasdaq in fiscal 2025.
Which keeps more of its revenue as profit, Intercontinental Exchange or Nasdaq?
Intercontinental Exchange had a net margin of 26.2% in fiscal 2025; Nasdaq had 21.6% in fiscal 2025.
Which grew revenue faster, Intercontinental Exchange or Nasdaq?
In their latest fiscal years revenue changed by +7.5% at Intercontinental Exchange 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.