Compare
Nasdaq, Inc. vs CME Group Inc. vs Intercontinental Exchange, Inc. vs Cboe Global Markets, Inc.
| Latest fiscal year | Nasdaq, Inc. NDAQ | CME Group Inc. CME | Intercontinental Exchange, Inc. ICE | Cboe Global Markets, Inc. CBOE |
|---|---|---|---|---|
| Year ended | 2025-12-31 | 2025-12-31 | 2025-12-31 | 2025-12-31 |
| Revenue | $8.26B | $6.52B | $12.64B | $4.71B |
| Revenue growth (YoY) | +11.6% | +6.4% | +7.5% | +15.1% |
| Gross margin | 63.5% | n/a | n/a | 51.5% |
| Operating margin | 28.2% | 64.9% | 39.0% | 31.1% |
| Net margin | 21.6% | 62.5% | 26.2% | 23.3% |
| Net income | $1.79B | $4.07B | $3.31B | $1.10B |
| EPS (Diluted) | $3.09 | $11.16 | $5.77 | $10.42 |
| Operating cash flow | $2.25B | $4.28B | $4.66B | $1.75B |
| Free cash flow | $1.99B | $4.19B | $4.29B | $1.68B |
| Cash & equivalents | $604.00M | $4.42B | $837.00M | $2.22B |
| Total assets | $31.05B | $198.42B | $136.89B | $9.31B |
| Total liabilities | $18.82B | $169.70B | $107.90B | $4.17B |
| Shareholders' equity | $12.23B | $28.73B | $28.97B | $5.14B |
| Return on year-end equity | 14.6% | 14.2% | 11.4% | 21.4% |
| Shares outstanding | 569.89M | n/a | 567.00M | 104.65M |
Revenue, most recent five fiscal years
| Fiscal year | Nasdaq, Inc. | CME Group Inc. | Intercontinental Exchange, Inc. | Cboe Global Markets, Inc. |
|---|---|---|---|---|
| Latest | $8.26B Ended 2025-12-31 | $6.52B Ended 2025-12-31 | $12.64B Ended 2025-12-31 | $4.71B Ended 2025-12-31 |
| 1 year earlier | $7.40B Ended 2024-12-31 | $6.13B Ended 2024-12-31 | $11.76B Ended 2024-12-31 | $4.09B Ended 2024-12-31 |
| 2 years earlier | $6.06B Ended 2023-12-31 | $5.58B Ended 2023-12-31 | $9.90B Ended 2023-12-31 | $3.77B Ended 2023-12-31 |
| 3 years earlier | $6.23B Ended 2022-12-31 | $5.02B Ended 2022-12-31 | $9.64B Ended 2022-12-31 | $3.96B Ended 2022-12-31 |
| 4 years earlier | $5.89B Ended 2021-12-31 | $4.69B Ended 2021-12-31 | $9.17B Ended 2021-12-31 | $3.49B Ended 2021-12-31 |