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Side-by-side financial comparison of AMDOCS LTD (DOX) and Nasdaq, Inc. (NDAQ). Click either name above to swap in a different company.

Nasdaq, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.3B, roughly 1.7× AMDOCS LTD). Nasdaq, Inc. runs the higher net margin — 24.3% vs 11.2%, a 13.1% gap on every dollar of revenue. On growth, Nasdaq, Inc. posted the faster year-over-year revenue change (2.0% vs 1.1%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs 4.5%).

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.

DOX vs NDAQ — Head-to-Head

Bigger by revenue
NDAQ
NDAQ
1.7× larger
NDAQ
$2.1B
$1.3B
DOX
Growing faster (revenue YoY)
NDAQ
NDAQ
+0.8% gap
NDAQ
2.0%
1.1%
DOX
Higher net margin
NDAQ
NDAQ
13.1% more per $
NDAQ
24.3%
11.2%
DOX
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
4.5%
DOX

Income Statement — Q3 FY2024 vs Q1 FY2026

Metric
DOX
DOX
NDAQ
NDAQ
Revenue
$1.3B
$2.1B
Net Profit
$140.3M
$519.0M
Gross Margin
Operating Margin
14.1%
30.7%
Net Margin
11.2%
24.3%
Revenue YoY
1.1%
2.0%
Net Profit YoY
-12.0%
31.4%
EPS (diluted)
$1.21
$0.91

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOX
DOX
NDAQ
NDAQ
Q1 26
$2.1B
Q4 25
$2.1B
Q3 25
$2.0B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.3B
$1.8B
Net Profit
DOX
DOX
NDAQ
NDAQ
Q1 26
$519.0M
Q4 25
$518.0M
Q3 25
$423.0M
Q2 25
$452.0M
Q1 25
$395.0M
Q4 24
$355.0M
Q3 24
$306.0M
Q2 24
$140.3M
$222.0M
Gross Margin
DOX
DOX
NDAQ
NDAQ
Q1 26
Q4 25
65.5%
Q3 25
67.2%
Q2 25
62.5%
Q1 25
59.2%
Q4 24
60.4%
Q3 24
60.3%
Q2 24
64.7%
Operating Margin
DOX
DOX
NDAQ
NDAQ
Q1 26
30.7%
Q4 25
29.7%
Q3 25
29.9%
Q2 25
27.2%
Q1 25
26.2%
Q4 24
25.4%
Q3 24
23.6%
Q2 24
14.1%
23.6%
Net Margin
DOX
DOX
NDAQ
NDAQ
Q1 26
24.3%
Q4 25
24.4%
Q3 25
21.6%
Q2 25
21.6%
Q1 25
18.9%
Q4 24
17.5%
Q3 24
16.1%
Q2 24
11.2%
12.4%
EPS (diluted)
DOX
DOX
NDAQ
NDAQ
Q1 26
$0.91
Q4 25
$0.90
Q3 25
$0.73
Q2 25
$0.78
Q1 25
$0.68
Q4 24
$0.62
Q3 24
$0.53
Q2 24
$1.21
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOX
DOX
NDAQ
NDAQ
Cash + ST InvestmentsLiquidity on hand
$515.0M
Total DebtLower is stronger
$9.0B
Stockholders' EquityBook value
$12.0B
Total Assets
$27.3B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOX
DOX
NDAQ
NDAQ
Q1 26
$515.0M
Q4 25
$604.0M
Q3 25
$470.0M
Q2 25
$732.0M
Q1 25
$690.0M
Q4 24
$592.0M
Q3 24
$266.0M
Q2 24
$416.0M
Total Debt
DOX
DOX
NDAQ
NDAQ
Q1 26
$9.0B
Q4 25
$8.6B
Q3 25
$8.7B
Q2 25
$8.7B
Q1 25
$8.9B
Q4 24
$9.1B
Q3 24
$9.4B
Q2 24
$9.2B
Stockholders' Equity
DOX
DOX
NDAQ
NDAQ
Q1 26
$12.0B
Q4 25
$12.2B
Q3 25
$12.0B
Q2 25
$11.8B
Q1 25
$11.5B
Q4 24
$11.2B
Q3 24
$11.1B
Q2 24
$10.9B
Total Assets
DOX
DOX
NDAQ
NDAQ
Q1 26
$27.3B
Q4 25
$31.1B
Q3 25
$30.7B
Q2 25
$30.4B
Q1 25
$30.6B
Q4 24
$30.4B
Q3 24
$30.6B
Q2 24
$30.2B
Debt / Equity
DOX
DOX
NDAQ
NDAQ
Q1 26
0.74×
Q4 25
0.70×
Q3 25
0.72×
Q2 25
0.73×
Q1 25
0.77×
Q4 24
0.81×
Q3 24
0.85×
Q2 24
0.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOX
DOX

Segment breakdown not available.

NDAQ
NDAQ

Market Services$1.0B49%
Capital Access Platforms$565.0M26%
Financial Technology$517.0M24%
Other Revenues$8.0M0%

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