Nasdaq (NDAQ) vs Tradeweb Markets (TW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Nasdaq (NDAQ) has outperformed Tradeweb Markets (TW) over the past year, gaining 2.8% versus a gain of 1.7%. Over five years, NDAQ leads with a +36.5% price change compared with +31.4% for TW. Nasdaq is the larger company by market cap ($51.63 billion vs $23.69 billion), about 2.2 times the size, while Tradeweb Markets is growing revenue faster (+18.9% vs +11.6%).
On valuation, Nasdaq trades at a lower forward P/E (19.7x vs 23.6x for Tradeweb Markets). Nasdaq offers the higher dividend yield (1.21% vs 0.47%). Tradeweb Markets converts more of its revenue into profit, with a net margin of 39.6% versus 21.6%.
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 | NDAQ | TW |
|---|---|---|
| Share price | $92.37 | $109.68 |
| Market cap | $51.63B | $23.69B |
| 1-day change | +0.48% | +2.12% |
| YTD return | -4.90% | +1.99% |
| 1-year return | +2.78% | +1.73% |
| 5-year return | +36.49% | +31.38% |
| P/E ratio (TTM) | 26.93 | 26.24 |
| Forward P/E | 19.74 | 23.60 |
| EPS (TTM) | $3.43 | $4.18 |
| Dividend yield | 1.21% | 0.47% |
| Annual dividend | $1.12 | $0.52 |
| Revenue (latest FY) | $8.26B | $2.05B |
| Revenue growth (YoY) | +11.65% | +18.92% |
| Net income (latest FY) | $1.79B | $812.79M |
| Gross margin | 63.53% | — |
| Operating margin | 28.21% | 40.70% |
| Net margin | 21.64% | 39.60% |
| 52-week high | $101.79 | $127.69 |
| 52-week low | $76.55 | $91.42 |
| Distance from 52-week high | -9.25% | -14.10% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +18.07% | +12.63% |
| Average volume | 3.28M | 1.41M |
| Shares outstanding | 558.98M | 114.04M |
| Employees | 9,630 | 1,613 |
| Sector | Financial Services | Finance |
| Industry | Financial Data & Stock Exchanges | 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 2.2 times larger than Tradeweb Markets by market value ($51.63B vs $23.69B).
- Tradeweb Markets is more profitable, keeping 39.6 cents of every revenue dollar as net income versus 21.6 cents for Nasdaq.
- Tradeweb Markets grew revenue faster in its latest fiscal year (+18.92% vs +11.65%).
- The two companies sit in different sectors: Nasdaq in Financial Services and Tradeweb Markets in Finance.
About Nasdaq
NDAQ stock →Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally.
Financial Services · Financial Data & Stock Exchanges · 9,630 employees
About Tradeweb Markets
TW stock →Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally.
Finance · Investment Bankers/Brokers/Service · 1,613 employees
NDAQ vs TW FAQ
Which is bigger, Nasdaq or Tradeweb Markets?
Nasdaq (NDAQ) is larger, with a market capitalization of $51.63B compared with $23.69B for Tradeweb Markets (TW).
Which stock has performed better over the past year, NDAQ or TW?
NDAQ returned +2.78% over the past 12 months, compared with +1.73% for TW (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NDAQ or TW?
TW has the lower trailing P/E at 26.2, versus 26.9 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, Nasdaq or Tradeweb Markets?
Nasdaq has the higher yield at 1.21%, compared with 0.47% for Tradeweb Markets.
Are Nasdaq and Tradeweb Markets in the same industry?
No. Nasdaq is in the Financial Services sector, while Tradeweb Markets is in Finance.