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Side-by-side financial comparison of Genpact LTD (G) 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 1.6× Genpact LTD). Nasdaq, Inc. runs the higher net margin — 24.3% vs 10.8%, a 13.4% gap on every dollar of revenue. On growth, Genpact LTD posted the faster year-over-year revenue change (5.6% vs 2.0%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs 8.0%).

Genpact Ltd. is an American information technology services, consulting, and outsourcing company headquartered in New York City, New York. Founded in Gurgaon, India, and legally domiciled in Bermuda, Genpact employs more than 125,000 people and provides services to clients in over 30 countries worldwide. Genpact is listed on the NYSE and generated revenues of US$4.48 billion in 2023.

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.

G vs NDAQ — Head-to-Head

Bigger by revenue
NDAQ
NDAQ
1.6× larger
NDAQ
$2.1B
$1.3B
G
Growing faster (revenue YoY)
G
G
+3.7% gap
G
5.6%
2.0%
NDAQ
Higher net margin
NDAQ
NDAQ
13.4% more per $
NDAQ
24.3%
10.8%
G
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
8.0%
G

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
G
G
NDAQ
NDAQ
Revenue
$1.3B
$2.1B
Net Profit
$143.1M
$519.0M
Gross Margin
36.6%
Operating Margin
14.8%
30.7%
Net Margin
10.8%
24.3%
Revenue YoY
5.6%
2.0%
Net Profit YoY
0.8%
31.4%
EPS (diluted)
$0.82
$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
G
G
NDAQ
NDAQ
Q1 26
$2.1B
Q4 25
$1.3B
$2.1B
Q3 25
$1.3B
$2.0B
Q2 25
$1.3B
$2.1B
Q1 25
$1.2B
$2.1B
Q4 24
$1.2B
$2.0B
Q3 24
$1.2B
$1.9B
Q2 24
$1.2B
$1.8B
Net Profit
G
G
NDAQ
NDAQ
Q1 26
$519.0M
Q4 25
$143.1M
$518.0M
Q3 25
$145.8M
$423.0M
Q2 25
$132.7M
$452.0M
Q1 25
$130.9M
$395.0M
Q4 24
$141.9M
$355.0M
Q3 24
$132.8M
$306.0M
Q2 24
$122.0M
$222.0M
Gross Margin
G
G
NDAQ
NDAQ
Q1 26
Q4 25
36.6%
65.5%
Q3 25
36.4%
67.2%
Q2 25
35.9%
62.5%
Q1 25
35.3%
59.2%
Q4 24
35.7%
60.4%
Q3 24
35.6%
60.3%
Q2 24
35.4%
64.7%
Operating Margin
G
G
NDAQ
NDAQ
Q1 26
30.7%
Q4 25
14.8%
29.7%
Q3 25
14.8%
29.9%
Q2 25
14.3%
27.2%
Q1 25
15.1%
26.2%
Q4 24
15.2%
25.4%
Q3 24
15.0%
23.6%
Q2 24
14.5%
23.6%
Net Margin
G
G
NDAQ
NDAQ
Q1 26
24.3%
Q4 25
10.8%
24.4%
Q3 25
11.3%
21.6%
Q2 25
10.6%
21.6%
Q1 25
10.8%
18.9%
Q4 24
11.4%
17.5%
Q3 24
11.0%
16.1%
Q2 24
10.4%
12.4%
EPS (diluted)
G
G
NDAQ
NDAQ
Q1 26
$0.91
Q4 25
$0.82
$0.90
Q3 25
$0.83
$0.73
Q2 25
$0.75
$0.78
Q1 25
$0.73
$0.68
Q4 24
$0.80
$0.62
Q3 24
$0.74
$0.53
Q2 24
$0.67
$0.38

Balance Sheet & Financial Strength

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

Metric
G
G
NDAQ
NDAQ
Cash + ST InvestmentsLiquidity on hand
$1.2B
$515.0M
Total DebtLower is stronger
$1.5B
$9.0B
Stockholders' EquityBook value
$2.5B
$12.0B
Total Assets
$5.8B
$27.3B
Debt / EquityLower = less leverage
0.60×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
G
G
NDAQ
NDAQ
Q1 26
$515.0M
Q4 25
$1.2B
$604.0M
Q3 25
$740.8M
$470.0M
Q2 25
$663.3M
$732.0M
Q1 25
$561.6M
$690.0M
Q4 24
$671.6M
$592.0M
Q3 24
$1.0B
$266.0M
Q2 24
$914.2M
$416.0M
Total Debt
G
G
NDAQ
NDAQ
Q1 26
$9.0B
Q4 25
$1.5B
$8.6B
Q3 25
$1.2B
$8.7B
Q2 25
$1.2B
$8.7B
Q1 25
$1.2B
$8.9B
Q4 24
$1.2B
$9.1B
Q3 24
$1.6B
$9.4B
Q2 24
$1.6B
$9.2B
Stockholders' Equity
G
G
NDAQ
NDAQ
Q1 26
$12.0B
Q4 25
$2.5B
$12.2B
Q3 25
$2.5B
$12.0B
Q2 25
$2.6B
$11.8B
Q1 25
$2.5B
$11.5B
Q4 24
$2.4B
$11.2B
Q3 24
$2.4B
$11.1B
Q2 24
$2.3B
$10.9B
Total Assets
G
G
NDAQ
NDAQ
Q1 26
$27.3B
Q4 25
$5.8B
$31.1B
Q3 25
$5.4B
$30.7B
Q2 25
$5.3B
$30.4B
Q1 25
$4.9B
$30.6B
Q4 24
$5.0B
$30.4B
Q3 24
$5.3B
$30.6B
Q2 24
$5.2B
$30.2B
Debt / Equity
G
G
NDAQ
NDAQ
Q1 26
0.74×
Q4 25
0.60×
0.70×
Q3 25
0.47×
0.72×
Q2 25
0.47×
0.73×
Q1 25
0.50×
0.77×
Q4 24
0.51×
0.81×
Q3 24
0.68×
0.85×
Q2 24
0.70×
0.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
G
G
NDAQ
NDAQ
Operating Cash FlowLast quarter
$286.7M
Free Cash FlowOCF − Capex
$269.0M
FCF MarginFCF / Revenue
20.4%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
2.00×
TTM Free Cash FlowTrailing 4 quarters
$734.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
G
G
NDAQ
NDAQ
Q1 26
Q4 25
$286.7M
$625.0M
Q3 25
$308.4M
$221.0M
Q2 25
$177.4M
$746.0M
Q1 25
$40.4M
$663.0M
Q4 24
$203.2M
$705.0M
Q3 24
$228.5M
$244.0M
Q2 24
$209.3M
$460.0M
Free Cash Flow
G
G
NDAQ
NDAQ
Q1 26
Q4 25
$269.0M
$536.0M
Q3 25
$292.0M
$152.0M
Q2 25
$155.1M
$687.0M
Q1 25
$18.5M
$614.0M
Q4 24
$183.5M
$645.0M
Q3 24
$208.7M
$188.0M
Q2 24
$190.0M
$408.0M
FCF Margin
G
G
NDAQ
NDAQ
Q1 26
Q4 25
20.4%
25.2%
Q3 25
22.6%
7.8%
Q2 25
12.4%
32.9%
Q1 25
1.5%
29.4%
Q4 24
14.7%
31.7%
Q3 24
17.2%
9.9%
Q2 24
16.2%
22.8%
Capex Intensity
G
G
NDAQ
NDAQ
Q1 26
Q4 25
1.3%
4.2%
Q3 25
1.3%
3.5%
Q2 25
1.8%
2.8%
Q1 25
1.8%
2.3%
Q4 24
1.6%
3.0%
Q3 24
1.6%
2.9%
Q2 24
1.6%
2.9%
Cash Conversion
G
G
NDAQ
NDAQ
Q1 26
Q4 25
2.00×
1.21×
Q3 25
2.11×
0.52×
Q2 25
1.34×
1.65×
Q1 25
0.31×
1.68×
Q4 24
1.43×
1.99×
Q3 24
1.72×
0.80×
Q2 24
1.72×
2.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

G
G

High Tech And Manufacturing$525.3M40%
Consumer And Healthcare$445.8M34%
Financial Services$348.2M26%

NDAQ
NDAQ

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

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