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

Expedia Group is the larger business by last-quarter revenue ($3.5B vs $2.1B, roughly 1.7× Nasdaq, Inc.). Nasdaq, Inc. runs the higher net margin — 24.3% vs 5.8%, a 18.5% gap on every dollar of revenue. On growth, Expedia Group posted the faster year-over-year revenue change (18.7% vs 2.0%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs -0.2%).

Expedia Inc. is an online travel agency owned by Expedia Group, based in Seattle. The website and mobile app can be used to book airline tickets, hotel reservations, car rentals, cruise ships, activities and vacation rentals. Expedia.com was launched on October 22, 1996 by Microsoft.

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.

EXPE vs NDAQ — Head-to-Head

Bigger by revenue
EXPE
EXPE
1.7× larger
EXPE
$3.5B
$2.1B
NDAQ
Growing faster (revenue YoY)
EXPE
EXPE
+16.8% gap
EXPE
18.7%
2.0%
NDAQ
Higher net margin
NDAQ
NDAQ
18.5% more per $
NDAQ
24.3%
5.8%
EXPE
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
-0.2%
EXPE

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EXPE
EXPE
NDAQ
NDAQ
Revenue
$3.5B
$2.1B
Net Profit
$205.0M
$519.0M
Gross Margin
Operating Margin
11.8%
30.7%
Net Margin
5.8%
24.3%
Revenue YoY
18.7%
2.0%
Net Profit YoY
202.5%
31.4%
EPS (diluted)
$1.56
$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
EXPE
EXPE
NDAQ
NDAQ
Q1 26
$3.5B
$2.1B
Q4 25
$3.5B
$2.1B
Q3 25
$4.4B
$2.0B
Q2 25
$3.8B
$2.1B
Q1 25
$3.0B
$2.1B
Q4 24
$3.2B
$2.0B
Q3 24
$4.1B
$1.9B
Q2 24
$3.6B
$1.8B
Net Profit
EXPE
EXPE
NDAQ
NDAQ
Q1 26
$205.0M
$519.0M
Q4 25
$205.0M
$518.0M
Q3 25
$959.0M
$423.0M
Q2 25
$330.0M
$452.0M
Q1 25
$-200.0M
$395.0M
Q4 24
$299.0M
$355.0M
Q3 24
$684.0M
$306.0M
Q2 24
$386.0M
$222.0M
Gross Margin
EXPE
EXPE
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
EXPE
EXPE
NDAQ
NDAQ
Q1 26
11.8%
30.7%
Q4 25
11.8%
29.7%
Q3 25
23.5%
29.9%
Q2 25
12.8%
27.2%
Q1 25
-2.3%
26.2%
Q4 24
6.8%
25.4%
Q3 24
18.8%
23.6%
Q2 24
12.7%
23.6%
Net Margin
EXPE
EXPE
NDAQ
NDAQ
Q1 26
5.8%
24.3%
Q4 25
5.8%
24.4%
Q3 25
21.7%
21.6%
Q2 25
8.7%
21.6%
Q1 25
-6.7%
18.9%
Q4 24
9.4%
17.5%
Q3 24
16.8%
16.1%
Q2 24
10.8%
12.4%
EPS (diluted)
EXPE
EXPE
NDAQ
NDAQ
Q1 26
$1.56
$0.91
Q4 25
$1.56
$0.90
Q3 25
$7.33
$0.73
Q2 25
$2.48
$0.78
Q1 25
$-1.56
$0.68
Q4 24
$2.10
$0.62
Q3 24
$5.04
$0.53
Q2 24
$2.80
$0.38

Balance Sheet & Financial Strength

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

Metric
EXPE
EXPE
NDAQ
NDAQ
Cash + ST InvestmentsLiquidity on hand
$5.7B
$515.0M
Total DebtLower is stronger
$6.2B
$9.0B
Stockholders' EquityBook value
$1.3B
$12.0B
Total Assets
$24.5B
$27.3B
Debt / EquityLower = less leverage
4.80×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPE
EXPE
NDAQ
NDAQ
Q1 26
$5.7B
$515.0M
Q4 25
$5.7B
$604.0M
Q3 25
$6.2B
$470.0M
Q2 25
$6.7B
$732.0M
Q1 25
$6.1B
$690.0M
Q4 24
$4.5B
$592.0M
Q3 24
$4.9B
$266.0M
Q2 24
$6.3B
$416.0M
Total Debt
EXPE
EXPE
NDAQ
NDAQ
Q1 26
$6.2B
$9.0B
Q4 25
$6.2B
$8.6B
Q3 25
$6.2B
$8.7B
Q2 25
$6.2B
$8.7B
Q1 25
$6.2B
$8.9B
Q4 24
$6.3B
$9.1B
Q3 24
$6.3B
$9.4B
Q2 24
$6.3B
$9.2B
Stockholders' Equity
EXPE
EXPE
NDAQ
NDAQ
Q1 26
$1.3B
$12.0B
Q4 25
$1.3B
$12.2B
Q3 25
$1.3B
$12.0B
Q2 25
$836.0M
$11.8B
Q1 25
$1.1B
$11.5B
Q4 24
$1.6B
$11.2B
Q3 24
$1.3B
$11.1B
Q2 24
$889.0M
$10.9B
Total Assets
EXPE
EXPE
NDAQ
NDAQ
Q1 26
$24.5B
$27.3B
Q4 25
$24.5B
$31.1B
Q3 25
$25.1B
$30.7B
Q2 25
$27.0B
$30.4B
Q1 25
$26.1B
$30.6B
Q4 24
$22.4B
$30.4B
Q3 24
$23.4B
$30.6B
Q2 24
$25.9B
$30.2B
Debt / Equity
EXPE
EXPE
NDAQ
NDAQ
Q1 26
4.80×
0.74×
Q4 25
4.80×
0.70×
Q3 25
4.65×
0.72×
Q2 25
7.43×
0.73×
Q1 25
5.79×
0.77×
Q4 24
4.02×
0.81×
Q3 24
4.74×
0.85×
Q2 24
7.04×
0.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPE
EXPE

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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