ICE vs NDAQ
Intercontinental Exchange, Inc. (ICE) and Nasdaq, Inc. (NDAQ) are both filed with the SEC under Security & Commodity Brokers, Dealers, Exchanges & Services. ICE is 1.6× NDAQ's size by market cap ($90.5B against $55.5B); NDAQ trades at the higher fiscal-year P/E (32.2× against 27.9×); ICE reports the higher net margin (26.2% against 21.6%); NDAQ grew sales faster over three years (+9.9% against +9.5%); and over the past year NDAQ returned +5.6% against ICE's -7.5%.
| ICE | NDAQ | |
|---|---|---|
| Last close | $162.33 | $99.31 |
| Market cap | $90.5B | $55.5B |
| P/E (FY) | 27.9× | 32.2× |
| P/S | 7.2× | 6.7× |
| EV/EBITDA | 16.8× | 25.8× |
| Gross margin | — | 63.5% |
| Operating margin | 39.0% | 28.2% |
| Net margin | 26.2% | 21.6% |
| Return on equity | 11.7% | 15.3% |
| Sales growth (3y) | +9.5% | +9.9% |
| EPS growth (3y) | +30.8% | +11.0% |
| Dividend yield | 1.2% | 1.1% |
| 1-year return | -7.5% | +5.6% |
Screener snapshot — prices as of 2026-08-28. Each side's last close is the most recent session the snapshot holds for that company, which can be an earlier one, and its 1-year return is measured to that close. Market caps struck on 2026-08-27. Last close, market cap and the 1-year return are price figures; every other row is computed over the company's latest filed fiscal year — FY2025 (ended 2025-12-31) for both. — not published for this company. A ratio goes unpublished for more than one reason: a component the calculation needs is not on file, the filing does not tag the line it is read from, or the calculation is not defined on the filed basis — EV/EBITDA is not printed on non-positive EBITDA, and return on equity is not computed on a zero or negative equity base.
Who holds them, and who has traded them
| ICE | NDAQ | |
|---|---|---|
| Institutional holders (13F) | 1,707 | 1,085 |
| Insider buyers − sellers (180d) | -5 | -5 |
| Congressional trades disclosed (180d) | 3 | 8 |
| Executive-branch officials on file — trades disclosed (180d) | 10 | 2 |
Counts only. The congressional figures count transactions dated in the trailing 180 days and disclosed in STOCK Act periodic transaction reports; amounts are filed as ranges and are never summed. The executive-branch figures count the same window of transactions, and they are scoped to one roster. The officials OGE posts for direct download. Insider buyers − sellers counts distinct people filing open-market Form 4 purchases minus distinct people filing open-market sales over the trailing 180 days, capped at ±5.
ICE vs NDAQ: common questions
- Is ICE bigger than NDAQ?
- ICE carries the larger market cap — $90.5B against $55.5B, both struck on 2026-08-27.
- Which trades at a higher P/E, ICE or NDAQ?
- NDAQ, at a fiscal-year 32.2× against 27.9× for ICE. Both are price ÷ latest full-year diluted earnings per share, not a trailing-twelve-month P/E.
- How have ICE and NDAQ performed over the past year?
- NDAQ returned +5.6% and ICE -7.5%, measured on the trailing calendar year to the last close.
- How many institutions hold ICE and NDAQ?
- 1,707 13F filers report a position in ICE and 1,085 in NDAQ, on the latest quarter in the panel.
- Are ICE and NDAQ in the same industry?
- Both are filed with the SEC under Security & Commodity Brokers, Dealers, Exchanges & Services, which is the classification this pairing is built on.
ICE overview → · NDAQ overview → · ICE institutional ownership → · NDAQ institutional ownership → · Congress and ICE → · Congress and NDAQ → · Executive branch and ICE → · Executive branch and NDAQ →
More in Security & Commodity Brokers, Dealers, Exchanges & Services: CBOE vs CME · CBOE vs ICE · CBOE vs NDAQ · CBOE vs TW
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Source: SPZCO — https://spzco.com/vs/ice-vs-ndaq