Nasdaqvs.S&P Global
NDAQ vs SPGI · both in Exchanges & market data, part of the Banks, payments & capital markets value chain: The exchanges, index owners and ratings agencies that run, and price, the markets.
S&P Global is about 2.3× larger than Nasdaq by market cap; year to date, Nasdaq leads (+1.6% vs −17.1%).
Side by side
| NDAQ | SPGI | |
|---|---|---|
| Market cap | $53.7B | $123B |
| Price | $99.47 | $436.49 |
| Today | +0.7% | +0.8% |
| Return YTD | +1.6% | −17.1% |
| Return 1Y | +4.7% | −21.5% |
| P/E | 27.3 | 24.9 |
| P/S | 6.1 | 7.6 |
| P/B | 4.5 | 3.9 |
Data as of 2026-08-27 · updates daily after U.S. close
The two companies
NasdaqNDAQ
Running the Nasdaq stock market is now only part of it. Listings, index licensing, analytics and software that banks use to detect financial crime have turned Nasdaq into something closer to a technology and data vendor.
Full NDAQ profile →S&P GlobalSPGI
Credit ratings on the bonds companies issue are one revenue stream. The S&P 500 and Dow Jones index franchises are another. Market and commodity intelligence sold on subscription is the third. Very little of this revenue has to be won again each year.
Full SPGI profile →More NDAQ & SPGI comparisons
Other head-to-heads in the Exchanges & market data segment.