Nasdaq Inc vs Spotify Technology — how do they compare? Nasdaq Inc trades at $94.38 (market cap $53.13B), while Spotify Technology trades at $523.4 (market cap $108.68B). The key difference: Spotify Technology is far larger — about 2× Nasdaq Inc's market cap, and Nasdaq Inc pays a 1.22% dividend while Spotify Technology pays none. Which is the better fit depends on your goals.
| NDAQ | SPOT | |
|---|---|---|
Market Cap | $53.13B | $108.68B |
Sector | Financials | Media |
52-Week High | $100.98 | $738.53 |
52-Week Low | $76.85 | $412.75 |
Enterprise Value | $59.58B | $98.31B |
Dividend Yield | 1.22% | — |
Signals from Pluang's Aura AI — not financial advice
Nasdaq (NDAQ) trades at $95.04, down 1.9% today, with a bullish technical signal from moving averages but bearish oscillators. The company reported strong earnings beats in recent quarters, with Q2 2026 EPS of $1.07 exceeding the $0.984 estimate. Revenue grew to $8.26B in 2025, up from $7.4B in 2024, and net income margin improved to 22.52%. Recent news highlights Nasdaq's acquisition of Dasseti to enhance AI capabilities in investment technology.
The outlook for NDAQ is positive, supported by consistent earnings outperformance, revenue growth, and strategic acquisitions. Risks include market volatility and competitive pressures. Analysts maintain a bullish consensus with a $109.20 price target, implying 15% upside from current levels.
Spotify (SPOT) trades at $528.64, down 2.54% on the day, but maintains a bullish technical outlook with strong fundamental momentum. The company reported record profitability with net income reaching $2.21 billion in 2025, representing a 12.87% margin, while revenue grew to $17.19 billion. Recent news highlights a $1.5 billion share repurchase authorization and ongoing subscriber growth, though Q2 2026 earnings missed expectations.
The stock presents a compelling growth story with expanding margins and positive cash flow generation, but faces valuation risks with a P/E of 28.61. Analyst consensus remains bullish with a $590.29 price target, representing 11.7% upside potential. Key risks include execution pressure to justify premium valuation and competitive threats in the audio streaming space.
Trailing returns across standard periods
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.
Read more on NDAQ →Spotify Technology S.A. provides music streaming services. The Company offers commercial-free music and ad-supported services to subscribers. Spotify Technology serves clients worldwide.
Read more on SPOT →