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

Nasdaq, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.5B, roughly 1.4× PARSONS CORP). Nasdaq, Inc. runs the higher net margin — 24.3% vs 3.5%, a 20.7% gap on every dollar of revenue. On growth, PARSONS CORP posted the faster year-over-year revenue change (3.0% vs 2.0%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs -5.5%).

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.

Parsons Corporation is an American multinational technology-focused defense, intelligence, and infrastructure engineering firm. Founded in 1944, Parsons is headquartered in Chantilly, Virginia, and serves both government and private sector organizations in more than 30 countries.

NDAQ vs PSN — Head-to-Head

Bigger by revenue
NDAQ
NDAQ
1.4× larger
NDAQ
$2.1B
$1.5B
PSN
Growing faster (revenue YoY)
PSN
PSN
+1.0% gap
PSN
3.0%
2.0%
NDAQ
Higher net margin
NDAQ
NDAQ
20.7% more per $
NDAQ
24.3%
3.5%
PSN
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
-5.5%
PSN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NDAQ
NDAQ
PSN
PSN
Revenue
$2.1B
$1.5B
Net Profit
$519.0M
$52.9M
Gross Margin
Operating Margin
30.7%
6.4%
Net Margin
24.3%
3.5%
Revenue YoY
2.0%
3.0%
Net Profit YoY
31.4%
-20.1%
EPS (diluted)
$0.91
$0.49

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
PSN
PSN
Q1 26
$2.1B
$1.5B
Q4 25
$2.1B
$1.6B
Q3 25
$2.0B
$1.6B
Q2 25
$2.1B
$1.6B
Q1 25
$2.1B
$1.6B
Q4 24
$2.0B
$1.7B
Q3 24
$1.9B
$1.8B
Q2 24
$1.8B
$1.7B
Net Profit
NDAQ
NDAQ
PSN
PSN
Q1 26
$519.0M
$52.9M
Q4 25
$518.0M
$55.6M
Q3 25
$423.0M
$64.1M
Q2 25
$452.0M
$55.2M
Q1 25
$395.0M
$66.2M
Q4 24
$355.0M
$201.3M
Q3 24
$306.0M
$72.0M
Q2 24
$222.0M
$69.2M
Gross Margin
NDAQ
NDAQ
PSN
PSN
Q1 26
Q4 25
65.5%
23.0%
Q3 25
67.2%
22.2%
Q2 25
62.5%
22.0%
Q1 25
59.2%
22.8%
Q4 24
60.4%
21.3%
Q3 24
60.3%
19.9%
Q2 24
64.7%
21.0%
Operating Margin
NDAQ
NDAQ
PSN
PSN
Q1 26
30.7%
6.4%
Q4 25
29.7%
6.6%
Q3 25
29.9%
6.7%
Q2 25
27.2%
6.0%
Q1 25
26.2%
7.0%
Q4 24
25.4%
5.8%
Q3 24
23.6%
6.4%
Q2 24
23.6%
6.7%
Net Margin
NDAQ
NDAQ
PSN
PSN
Q1 26
24.3%
3.5%
Q4 25
24.4%
3.5%
Q3 25
21.6%
4.0%
Q2 25
21.6%
3.5%
Q1 25
18.9%
4.3%
Q4 24
17.5%
11.6%
Q3 24
16.1%
4.0%
Q2 24
12.4%
4.1%
EPS (diluted)
NDAQ
NDAQ
PSN
PSN
Q1 26
$0.91
$0.49
Q4 25
$0.90
$0.51
Q3 25
$0.73
$0.59
Q2 25
$0.78
$0.50
Q1 25
$0.68
$0.60
Q4 24
$0.62
$1.85
Q3 24
$0.53
$0.65
Q2 24
$0.38
$0.63

Balance Sheet & Financial Strength

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

Metric
NDAQ
NDAQ
PSN
PSN
Cash + ST InvestmentsLiquidity on hand
$515.0M
Total DebtLower is stronger
$9.0B
$1.5B
Stockholders' EquityBook value
$12.0B
$2.8B
Total Assets
$27.3B
$6.0B
Debt / EquityLower = less leverage
0.74×
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NDAQ
NDAQ
PSN
PSN
Q1 26
$515.0M
Q4 25
$604.0M
$466.4M
Q3 25
$470.0M
$422.6M
Q2 25
$732.0M
$411.3M
Q1 25
$690.0M
$269.7M
Q4 24
$592.0M
$453.5M
Q3 24
$266.0M
$558.8M
Q2 24
$416.0M
$528.5M
Total Debt
NDAQ
NDAQ
PSN
PSN
Q1 26
$9.0B
$1.5B
Q4 25
$8.6B
$1.2B
Q3 25
$8.7B
$1.2B
Q2 25
$8.7B
$1.2B
Q1 25
$8.9B
$785.2M
Q4 24
$9.1B
$784.1M
Q3 24
$9.4B
$1.1B
Q2 24
$9.2B
$1.2B
Stockholders' Equity
NDAQ
NDAQ
PSN
PSN
Q1 26
$12.0B
$2.8B
Q4 25
$12.2B
$2.6B
Q3 25
$12.0B
$2.6B
Q2 25
$11.8B
$2.5B
Q1 25
$11.5B
$2.5B
Q4 24
$11.2B
$2.4B
Q3 24
$11.1B
$2.3B
Q2 24
$10.9B
$2.2B
Total Assets
NDAQ
NDAQ
PSN
PSN
Q1 26
$27.3B
$6.0B
Q4 25
$31.1B
$5.8B
Q3 25
$30.7B
$5.7B
Q2 25
$30.4B
$5.7B
Q1 25
$30.6B
$5.4B
Q4 24
$30.4B
$5.5B
Q3 24
$30.6B
$5.4B
Q2 24
$30.2B
$5.2B
Debt / Equity
NDAQ
NDAQ
PSN
PSN
Q1 26
0.74×
0.55×
Q4 25
0.70×
0.47×
Q3 25
0.72×
0.48×
Q2 25
0.73×
0.49×
Q1 25
0.77×
0.32×
Q4 24
0.81×
0.32×
Q3 24
0.85×
0.49×
Q2 24
0.85×
0.56×

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%

PSN
PSN

Segment breakdown not available.

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