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Stocks Comparison

Marex vs Nasdaq: revenue, profit, margins and growth compared

Marex brought in $2B of revenue in fiscal 2025, Nasdaq $8.3B in fiscal 2025. Revenue changed by +26.9% at Marex and +11.6% at Nasdaq on the year before, so Marex grew faster. Marex kept 14.5% of its revenue as net profit, Nasdaq 21.6%. Free cash flow was $654.4M at Marex and $2B at Nasdaq.

Side by side, latest fiscal year

MRXNDAQ
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2B$8.3B
Revenue growth+26.9%+11.6%
Net income$293.9M$1.8B
Net margin14.5%21.6%
Free cash flow$654.4M$2B
Free cash flow margin32.3%24.1%
Earnings per share (diluted)$3.86$3.09
Cash$2.9B$604M
Debt$200M$8.6B
Price to earningsn/a30.3
Market value$5.3B$52.3B
Dividend yieldn/a1.12%
Rank by revenue in sector#144 of 444 · Finance#65 of 444 · Finance

Over the years

Revenue
MRX FY2022: $711.1MMRX FY2024: $1.2BMRX FY2024: $1.6BMRX FY2025: $2BNDAQ FY2018: $4.3BNDAQ FY2019: $4.3BNDAQ FY2020: $5.6BNDAQ FY2021: $5.9BNDAQ FY2022: $6.2BNDAQ FY2023: $6.1BNDAQ FY2024: $7.4BNDAQ FY2025: $8.3BFY18FY19FY20FY21FY22FY23FY24FY25
MRX $2BNDAQ $8.3B
Net income
MRX FY2022: $91.6MMRX FY2024: $128MMRX FY2024: $204.7MMRX FY2025: $293.9MNDAQ FY2018: $458MNDAQ FY2019: $774MNDAQ FY2020: $933MNDAQ FY2021: $1.2BNDAQ FY2022: $1.1BNDAQ FY2023: $1.1BNDAQ FY2024: $1.1BNDAQ FY2025: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
MRX $293.9MNDAQ $1.8B
Net margin
MRX FY2022: 12.9%MRX FY2024: 10.3%MRX FY2024: 12.8%MRX FY2025: 14.5%NDAQ FY2018: 10.7%NDAQ FY2019: 18.2%NDAQ FY2020: 16.6%NDAQ FY2021: 20.2%NDAQ FY2022: 18.1%NDAQ FY2023: 17.5%NDAQ FY2024: 15.1%NDAQ FY2025: 21.6%FY18FY19FY20FY21FY22FY23FY24FY25
MRX 14.5%NDAQ 21.6%
Revenue growth
MRX FY2024: +75.0%MRX FY2024: +28.1%MRX FY2025: +26.9%NDAQ FY2019: -0.4%NDAQ FY2020: +32.1%NDAQ FY2021: +4.6%NDAQ FY2022: +5.8%NDAQ FY2023: -2.6%NDAQ FY2024: +22.0%NDAQ FY2025: +11.6%FY19FY20FY21FY22FY23FY24FY25
MRX +26.9%NDAQ +11.6%
Free cash flow
MRX FY2022: $222MMRX FY2024: $726MMRX FY2024: $1.2BMRX FY2025: $654.4MNDAQ FY2018: $917MNDAQ FY2019: $836MNDAQ FY2020: $1.1BNDAQ FY2021: $920MNDAQ FY2022: $1.6BNDAQ FY2023: $1.5BNDAQ FY2024: $1.7BNDAQ FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25
MRX $654.4MNDAQ $2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Marex and Nasdaq

Which is bigger by revenue, Marex or Nasdaq?

Nasdaq is bigger by revenue: $8.3B in fiscal 2025, against $2B for Marex in fiscal 2025.

Which keeps more of its revenue as profit, Marex or Nasdaq?

Marex had a net margin of 14.5% in fiscal 2025; Nasdaq had 21.6% in fiscal 2025.

Which grew revenue faster, Marex or Nasdaq?

In their latest fiscal years revenue changed by +26.9% at Marex 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.

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