NasdaqNDAQ

NASDAQ · USA · Segment 5 of 6 in the Banks, payments & capital markets value chain: Exchanges & market data

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.

Exchanges & market data: The exchanges, index owners and ratings agencies that run, and price, the markets.

Key metrics

Market cap

$53.7B

Price

$99.47

Today

+0.7%

Return YTD

+1.6%

Return 1Y

+4.7%

P/E

27.3

P/S

6.1

P/B

4.5

Data as of 2026-08-27 · updates daily after U.S. close

Theme exposure

Exchange operatorIndex & dataFintech softwareListingsIndex & analyticsRegTech software

In the value chain

Products & services

Market services (trading)
Index & data
Financial-crime & RegTech software

Competitors

Risks

IPO-cycle sensitivity in listings
Software integration risk

Supply chain

Supplies →

RobinhoodHOOD Goldman SachsGS

Full supply chain for NDAQ →

Same segment: Exchanges & market data

S&P GlobalSPGI CME GroupCME Intercontinental ExchangeICE Moody’sMCO MSCIMSCI

Compare NDAQ

NDAQ vs SPGI NDAQ vs CME NDAQ vs ICE NDAQ vs MCO NDAQ vs MSCI

See where Nasdaq sits in the full Banks, payments & capital markets map: every segment from upstream suppliers to end markets, with daily metrics.Open the Finance value chain →