ICE vs NDAQ
Intercontinental Exchange (ICE) and Nasdaq (NDAQ) compared side by side. Intercontinental Exchange (ICE) is larger, with a market cap of $91.4B versus $57.3B for Nasdaq, about 1.6 times the size. On trailing earnings, ICE is cheaper at 23.0x versus 28.0x for NDAQ.
Head to head
| Metric | ICE | NDAQ |
|---|---|---|
| Market cap | $91.4B | $57.3B |
| P/E (TTM) | 23.0x | 28.0x |
| Forward P/E | 18.3x | 21.6x |
| Revenue (TTM) | $10.6B | $5.8B |
| Revenue growth | 4.8% | 12.6% |
| Gross margin | 100.0% | 100.0% |
| Operating margin | 52.6% | 50.6% |
| Free cash flow | $4.6B | $2.0B |
| Dividend yield | 1.28% | 1.13% |
| 1-year return | +4.7% | +17.0% |
| 5-year return (annual) | +5.7% | +10.3% |
| Max drawdown | -74% | -68% |
| FI Handbook grade | C+ | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
ICE vs NDAQ FAQ
Which is bigger, ICE or NDAQ?
Intercontinental Exchange (ICE) is larger, with a market cap of $91.4B versus $57.3B for Nasdaq, about 1.6 times the size.
Is ICE or NDAQ cheaper?
On trailing earnings, ICE is cheaper at 23.0x versus 28.0x for NDAQ. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, ICE or NDAQ?
NDAQ returned +17.0% over the past year including dividends, versus +4.7% for ICE, through October 23, 2026.
Which pays a higher dividend, ICE or NDAQ?
ICE yields 1.28% versus 1.13% for NDAQ.
Full pages: Intercontinental Exchange · Nasdaq