CBOE vs NDAQ
Cboe Global Markets and Nasdaq, Inc., both Financial Services
Nasdaq, Inc. is the larger company at $47B against $26B. On trailing earnings CBOE is the cheaper of the two at a P/E of 26.7 against 29.0, a gap that is only a bargain if the two are growing at similar rates. Over the past year CBOE returned +27% against +4.3% for NDAQ. Ryufin's sector-relative Smart Score puts CBOE ahead, 8/10 against 4/10.
| Figure | CBOE | NDAQ |
|---|---|---|
| Last close | $313 | $99.45 |
| Market cap | $26B | $47B |
| Trailing P/Elower is cheaper for the same earnings, not automatically better | 26.7 | 29.0 |
| Dividend yield | 0.9% | 1.1% |
| 1-year return | +27% | +4.3% |
| 5-year return | +180% | +71% |
| Ryufin Smart Scoresector-relative, 1–10 | 8/10 | 4/10 |
Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.
Cboe Global Markets
Revenue of $1.3B in Q1 2026, net income $386M. Its largest reported line is Derivatives Markets, 47% of the disclosed total.
Nasdaq, Inc.
Revenue of $2.5B in Q2 2026, net income $507M. Its largest reported line is Market Services, 49% of the disclosed total.
Open these two in the interactive comparison to add more names, change the period or read the correlation.