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

KOHLS Corp is the larger business by last-quarter revenue ($3.6B vs $2.1B, roughly 1.7× Nasdaq, Inc.). Nasdaq, Inc. runs the higher net margin — 24.3% vs 0.2%, a 24.1% gap on every dollar of revenue. On growth, Nasdaq, Inc. posted the faster year-over-year revenue change (2.0% vs -3.6%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs -22.5%).

Kohl's Corporation is an American department store retail chain. It currently has 1,174 locations, operating stores in every U.S. state except Hawaii. The company was founded by Polish immigrant Maxwell Kohl, who opened a corner grocery store in Milwaukee, Wisconsin, in 1927. It went on to become a successful chain in the local area, and in 1962 the company branched out by opening its first department store. British American Tobacco Company took a controlling interest in the company in 1972 w...

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.

KSS vs NDAQ — Head-to-Head

Bigger by revenue
KSS
KSS
1.7× larger
KSS
$3.6B
$2.1B
NDAQ
Growing faster (revenue YoY)
NDAQ
NDAQ
+5.6% gap
NDAQ
2.0%
-3.6%
KSS
Higher net margin
NDAQ
NDAQ
24.1% more per $
NDAQ
24.3%
0.2%
KSS
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
-22.5%
KSS

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
KSS
KSS
NDAQ
NDAQ
Revenue
$3.6B
$2.1B
Net Profit
$8.0M
$519.0M
Gross Margin
42.4%
Operating Margin
2.0%
30.7%
Net Margin
0.2%
24.3%
Revenue YoY
-3.6%
2.0%
Net Profit YoY
-63.6%
31.4%
EPS (diluted)
$0.07
$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
KSS
KSS
NDAQ
NDAQ
Q1 26
$2.1B
Q4 25
$3.6B
$2.1B
Q3 25
$3.5B
$2.0B
Q2 25
$3.2B
$2.1B
Q1 25
$5.4B
$2.1B
Q4 24
$3.7B
$2.0B
Q3 24
$3.7B
$1.9B
Q2 24
$3.4B
$1.8B
Net Profit
KSS
KSS
NDAQ
NDAQ
Q1 26
$519.0M
Q4 25
$8.0M
$518.0M
Q3 25
$153.0M
$423.0M
Q2 25
$-15.0M
$452.0M
Q1 25
$48.0M
$395.0M
Q4 24
$22.0M
$355.0M
Q3 24
$66.0M
$306.0M
Q2 24
$-27.0M
$222.0M
Gross Margin
KSS
KSS
NDAQ
NDAQ
Q1 26
Q4 25
42.4%
65.5%
Q3 25
43.3%
67.2%
Q2 25
43.3%
62.5%
Q1 25
35.6%
59.2%
Q4 24
42.4%
60.4%
Q3 24
43.0%
60.3%
Q2 24
43.1%
64.7%
Operating Margin
KSS
KSS
NDAQ
NDAQ
Q1 26
30.7%
Q4 25
2.0%
29.7%
Q3 25
7.9%
29.9%
Q2 25
1.9%
27.2%
Q1 25
2.3%
26.2%
Q4 24
2.6%
25.4%
Q3 24
4.4%
23.6%
Q2 24
1.3%
23.6%
Net Margin
KSS
KSS
NDAQ
NDAQ
Q1 26
24.3%
Q4 25
0.2%
24.4%
Q3 25
4.3%
21.6%
Q2 25
-0.5%
21.6%
Q1 25
0.9%
18.9%
Q4 24
0.6%
17.5%
Q3 24
1.8%
16.1%
Q2 24
-0.8%
12.4%
EPS (diluted)
KSS
KSS
NDAQ
NDAQ
Q1 26
$0.91
Q4 25
$0.07
$0.90
Q3 25
$1.35
$0.73
Q2 25
$-0.13
$0.78
Q1 25
$0.43
$0.68
Q4 24
$0.20
$0.62
Q3 24
$0.59
$0.53
Q2 24
$-0.24
$0.38

Balance Sheet & Financial Strength

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

Metric
KSS
KSS
NDAQ
NDAQ
Cash + ST InvestmentsLiquidity on hand
$144.0M
$515.0M
Total DebtLower is stronger
$9.0B
Stockholders' EquityBook value
$3.9B
$12.0B
Total Assets
$14.1B
$27.3B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KSS
KSS
NDAQ
NDAQ
Q1 26
$515.0M
Q4 25
$144.0M
$604.0M
Q3 25
$174.0M
$470.0M
Q2 25
$153.0M
$732.0M
Q1 25
$134.0M
$690.0M
Q4 24
$174.0M
$592.0M
Q3 24
$231.0M
$266.0M
Q2 24
$228.0M
$416.0M
Total Debt
KSS
KSS
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
KSS
KSS
NDAQ
NDAQ
Q1 26
$12.0B
Q4 25
$3.9B
$12.2B
Q3 25
$3.9B
$12.0B
Q2 25
$3.8B
$11.8B
Q1 25
$3.8B
$11.5B
Q4 24
$3.8B
$11.2B
Q3 24
$3.8B
$11.1B
Q2 24
$3.8B
$10.9B
Total Assets
KSS
KSS
NDAQ
NDAQ
Q1 26
$27.3B
Q4 25
$14.1B
$31.1B
Q3 25
$13.4B
$30.7B
Q2 25
$13.6B
$30.4B
Q1 25
$13.6B
$30.6B
Q4 24
$15.1B
$30.4B
Q3 24
$14.2B
$30.6B
Q2 24
$14.3B
$30.2B
Debt / Equity
KSS
KSS
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×

Cash Flow & Capital Efficiency

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

Metric
KSS
KSS
NDAQ
NDAQ
Operating Cash FlowLast quarter
$124.0M
Free Cash FlowOCF − Capex
$16.0M
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
15.50×
TTM Free Cash FlowTrailing 4 quarters
$819.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KSS
KSS
NDAQ
NDAQ
Q1 26
Q4 25
$124.0M
$625.0M
Q3 25
$598.0M
$221.0M
Q2 25
$-92.0M
$746.0M
Q1 25
$596.0M
$663.0M
Q4 24
$-195.0M
$705.0M
Q3 24
$254.0M
$244.0M
Q2 24
$-7.0M
$460.0M
Free Cash Flow
KSS
KSS
NDAQ
NDAQ
Q1 26
Q4 25
$16.0M
$536.0M
Q3 25
$508.0M
$152.0M
Q2 25
$-202.0M
$687.0M
Q1 25
$497.0M
$614.0M
Q4 24
$-323.0M
$645.0M
Q3 24
$141.0M
$188.0M
Q2 24
$-133.0M
$408.0M
FCF Margin
KSS
KSS
NDAQ
NDAQ
Q1 26
Q4 25
0.4%
25.2%
Q3 25
14.3%
7.8%
Q2 25
-6.2%
32.9%
Q1 25
9.2%
29.4%
Q4 24
-8.7%
31.7%
Q3 24
3.8%
9.9%
Q2 24
-3.9%
22.8%
Capex Intensity
KSS
KSS
NDAQ
NDAQ
Q1 26
Q4 25
3.0%
4.2%
Q3 25
2.5%
3.5%
Q2 25
3.4%
2.8%
Q1 25
1.8%
2.3%
Q4 24
3.5%
3.0%
Q3 24
3.0%
2.9%
Q2 24
3.7%
2.9%
Cash Conversion
KSS
KSS
NDAQ
NDAQ
Q1 26
Q4 25
15.50×
1.21×
Q3 25
3.91×
0.52×
Q2 25
1.65×
Q1 25
12.42×
1.68×
Q4 24
-8.86×
1.99×
Q3 24
3.85×
0.80×
Q2 24
2.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KSS
KSS

Products$3.4B95%
Other$168.0M5%
Gift Card$17.0M0%

NDAQ
NDAQ

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

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