Morningstar (MORN) vs Nasdaq (NDAQ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Nasdaq (NDAQ) has outperformed Morningstar (MORN) over the past year, gaining 2.5% versus a loss of 9.9%. Over five years, NDAQ leads with a +38.4% price change compared with -25.5% for MORN. Nasdaq is the larger company by market cap ($52.35 billion vs $7.67 billion), about 6.8 times the size.
On valuation, Morningstar trades at a lower forward P/E (14.6x vs 20.0x for Nasdaq). Nasdaq offers the higher dividend yield (1.20% vs 0.96%). Nasdaq converts more of its revenue into profit, with a net margin of 21.6% versus 15.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MORN | NDAQ |
|---|---|---|
| Share price | $204.45 | $93.65 |
| Market cap | $7.67B | $52.35B |
| 1-day change | +0.84% | +1.39% |
| YTD return | -5.92% | -3.58% |
| 1-year return | -9.89% | +2.46% |
| 5-year return | -25.50% | +38.39% |
| P/E ratio (TTM) | 19.29 | 27.30 |
| Forward P/E | 14.60 | 20.04 |
| EPS (TTM) | $10.60 | $3.43 |
| Dividend yield | 0.96% | 1.20% |
| Annual dividend | $1.96 | $1.12 |
| Revenue (latest FY) | $2.45B | $8.26B |
| Revenue growth (YoY) | +7.49% | +11.65% |
| Net income (latest FY) | $374.20M | $1.79B |
| Gross margin | 61.03% | 63.53% |
| Operating margin | 21.53% | 28.21% |
| Net margin | 15.30% | 21.64% |
| 52-week high | $227.51 | $101.79 |
| 52-week low | $141.49 | $76.55 |
| Distance from 52-week high | -10.14% | -8.00% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +15.76% | +16.45% |
| Average volume | 335.45K | 3.27M |
| Shares outstanding | 37.51M | 558.98M |
| Employees | 10,973 | 9,630 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Bankers/Brokers/Service |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Nasdaq is about 6.8 times larger than Morningstar by market value ($52.35B vs $7.67B).
- NDAQ has outperformed MORN by 12.4 percentage points over the past year.
- Nasdaq trades at a higher earnings multiple (27.3x vs 19.3x trailing P/E).
- Nasdaq is more profitable, keeping 21.6 cents of every revenue dollar as net income versus 15.3 cents for Morningstar.
About Morningstar
MORN stock →Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally.
Finance · Investment Managers · 10,973 employees
About Nasdaq
NDAQ stock →Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally.
Finance · Investment Bankers/Brokers/Service · 9,630 employees
MORN vs NDAQ FAQ
Which is bigger, Morningstar or Nasdaq?
Nasdaq (NDAQ) is larger, with a market capitalization of $52.35B compared with $7.67B for Morningstar (MORN).
Which stock has performed better over the past year, MORN or NDAQ?
NDAQ returned +2.46% over the past 12 months, compared with -9.89% for MORN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MORN or NDAQ?
MORN has the lower trailing P/E at 19.3, versus 27.3 for NDAQ. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Morningstar or Nasdaq?
Nasdaq has the higher yield at 1.20%, compared with 0.96% for Morningstar.
Are Morningstar and Nasdaq in the same industry?
Both are in the Finance sector, but in different industries: Investment Managers for Morningstar and Investment Bankers/Brokers/Service for Nasdaq.