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Side-by-side financial comparison of Nasdaq, Inc. (NDAQ) and PERRIGO Co plc (PRGO). Click either name above to swap in a different company.

Nasdaq, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.9× PERRIGO Co plc). Nasdaq, Inc. runs the higher net margin — 24.3% vs -127.8%, a 152.1% gap on every dollar of revenue. On growth, Nasdaq, Inc. posted the faster year-over-year revenue change (2.0% vs -2.5%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs 1.3%).

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.

Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters ...

NDAQ vs PRGO — Head-to-Head

Bigger by revenue
NDAQ
NDAQ
1.9× larger
NDAQ
$2.1B
$1.1B
PRGO
Growing faster (revenue YoY)
NDAQ
NDAQ
+4.5% gap
NDAQ
2.0%
-2.5%
PRGO
Higher net margin
NDAQ
NDAQ
152.1% more per $
NDAQ
24.3%
-127.8%
PRGO
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
1.3%
PRGO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NDAQ
NDAQ
PRGO
PRGO
Revenue
$2.1B
$1.1B
Net Profit
$519.0M
$-1.4B
Gross Margin
32.6%
Operating Margin
30.7%
-116.0%
Net Margin
24.3%
-127.8%
Revenue YoY
2.0%
-2.5%
Net Profit YoY
31.4%
-3093.9%
EPS (diluted)
$0.91
$-10.23

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
NDAQ
NDAQ
PRGO
PRGO
Q1 26
$2.1B
Q4 25
$2.1B
$1.1B
Q3 25
$2.0B
$1.0B
Q2 25
$2.1B
$1.1B
Q1 25
$2.1B
$1.0B
Q4 24
$2.0B
$1.1B
Q3 24
$1.9B
$1.1B
Q2 24
$1.8B
$1.1B
Net Profit
NDAQ
NDAQ
PRGO
PRGO
Q1 26
$519.0M
Q4 25
$518.0M
$-1.4B
Q3 25
$423.0M
$7.5M
Q2 25
$452.0M
$-8.4M
Q1 25
$395.0M
$-6.4M
Q4 24
$355.0M
$-44.4M
Q3 24
$306.0M
$-21.0M
Q2 24
$222.0M
$-108.4M
Gross Margin
NDAQ
NDAQ
PRGO
PRGO
Q1 26
Q4 25
65.5%
32.6%
Q3 25
67.2%
36.1%
Q2 25
62.5%
34.4%
Q1 25
59.2%
37.6%
Q4 24
60.4%
33.9%
Q3 24
60.3%
37.2%
Q2 24
64.7%
37.0%
Operating Margin
NDAQ
NDAQ
PRGO
PRGO
Q1 26
30.7%
Q4 25
29.7%
-116.0%
Q3 25
29.9%
7.0%
Q2 25
27.2%
4.3%
Q1 25
26.2%
4.5%
Q4 24
25.4%
10.0%
Q3 24
23.6%
7.4%
Q2 24
23.6%
-2.5%
Net Margin
NDAQ
NDAQ
PRGO
PRGO
Q1 26
24.3%
Q4 25
24.4%
-127.8%
Q3 25
21.6%
0.7%
Q2 25
21.6%
-0.8%
Q1 25
18.9%
-0.6%
Q4 24
17.5%
-3.9%
Q3 24
16.1%
-1.9%
Q2 24
12.4%
-10.2%
EPS (diluted)
NDAQ
NDAQ
PRGO
PRGO
Q1 26
$0.91
Q4 25
$0.90
$-10.23
Q3 25
$0.73
$0.05
Q2 25
$0.78
$-0.06
Q1 25
$0.68
$-0.05
Q4 24
$0.62
$-0.32
Q3 24
$0.53
$-0.15
Q2 24
$0.38
$-0.79

Balance Sheet & Financial Strength

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

Metric
NDAQ
NDAQ
PRGO
PRGO
Cash + ST InvestmentsLiquidity on hand
$515.0M
Total DebtLower is stronger
$9.0B
Stockholders' EquityBook value
$12.0B
$2.9B
Total Assets
$27.3B
$8.5B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NDAQ
NDAQ
PRGO
PRGO
Q1 26
$515.0M
Q4 25
$604.0M
Q3 25
$470.0M
$432.1M
Q2 25
$732.0M
$454.2M
Q1 25
$690.0M
$409.9M
Q4 24
$592.0M
$558.8M
Q3 24
$266.0M
$1.5B
Q2 24
$416.0M
$542.8M
Total Debt
NDAQ
NDAQ
PRGO
PRGO
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
NDAQ
NDAQ
PRGO
PRGO
Q1 26
$12.0B
Q4 25
$12.2B
$2.9B
Q3 25
$12.0B
$4.4B
Q2 25
$11.8B
$4.5B
Q1 25
$11.5B
$4.4B
Q4 24
$11.2B
$4.3B
Q3 24
$11.1B
$4.6B
Q2 24
$10.9B
$4.5B
Total Assets
NDAQ
NDAQ
PRGO
PRGO
Q1 26
$27.3B
Q4 25
$31.1B
$8.5B
Q3 25
$30.7B
$10.1B
Q2 25
$30.4B
$10.1B
Q1 25
$30.6B
$9.8B
Q4 24
$30.4B
$9.6B
Q3 24
$30.6B
$11.2B
Q2 24
$30.2B
$10.4B
Debt / Equity
NDAQ
NDAQ
PRGO
PRGO
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
NDAQ
NDAQ
PRGO
PRGO
Operating Cash FlowLast quarter
$175.4M
Free Cash FlowOCF − Capex
$148.6M
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$145.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NDAQ
NDAQ
PRGO
PRGO
Q1 26
Q4 25
$625.0M
$175.4M
Q3 25
$221.0M
$51.7M
Q2 25
$746.0M
$75.9M
Q1 25
$663.0M
$-64.5M
Q4 24
$705.0M
$312.6M
Q3 24
$244.0M
$42.2M
Q2 24
$460.0M
$9.5M
Free Cash Flow
NDAQ
NDAQ
PRGO
PRGO
Q1 26
Q4 25
$536.0M
$148.6M
Q3 25
$152.0M
$29.8M
Q2 25
$687.0M
$56.7M
Q1 25
$614.0M
$-90.0M
Q4 24
$645.0M
$274.9M
Q3 24
$188.0M
$15.1M
Q2 24
$408.0M
$-18.9M
FCF Margin
NDAQ
NDAQ
PRGO
PRGO
Q1 26
Q4 25
25.2%
13.4%
Q3 25
7.8%
2.9%
Q2 25
32.9%
5.4%
Q1 25
29.4%
-8.6%
Q4 24
31.7%
24.2%
Q3 24
9.9%
1.4%
Q2 24
22.8%
-1.8%
Capex Intensity
NDAQ
NDAQ
PRGO
PRGO
Q1 26
Q4 25
4.2%
2.4%
Q3 25
3.5%
2.1%
Q2 25
2.8%
1.8%
Q1 25
2.3%
2.4%
Q4 24
3.0%
3.3%
Q3 24
2.9%
2.5%
Q2 24
2.9%
2.7%
Cash Conversion
NDAQ
NDAQ
PRGO
PRGO
Q1 26
Q4 25
1.21×
Q3 25
0.52×
6.89×
Q2 25
1.65×
Q1 25
1.68×
Q4 24
1.99×
Q3 24
0.80×
Q2 24
2.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NDAQ
NDAQ

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

PRGO
PRGO

Consumer Self Care Americas$697.0M63%
Digestive Health$123.9M11%
Nutrition$108.3M10%
Healthy Lifestyle$94.8M9%
Pain And Sleep Aids$87.1M8%

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