How do Nasdaq, Inc. and Atlassian Corp compare by revenue?

Nasdaq, Inc. reported revenue of $2.1B in Q1 FY2026, while Atlassian Corp reported $1.8B in Q3 FY2026. Nasdaq, Inc. is 1.2× larger by last-quarter revenue.

Which is growing revenue faster, Nasdaq, Inc. or Atlassian Corp?

Nasdaq, Inc.'s latest revenue grew 2.0% year-over-year, versus 31.7% for Atlassian Corp. Atlassian Corp is growing faster on a YoY basis.

Which has a higher net margin, Nasdaq, Inc. or Atlassian Corp?

Nasdaq, Inc.'s net margin is 24.3% vs Atlassian Corp's -5.5%. Nasdaq, Inc. has the higher bottom-line margin.

What is the 2-year revenue CAGR for Nasdaq, Inc. vs Atlassian Corp?

Over the trailing 8 quarters, Nasdaq, Inc. compounded revenue at roughly 9.2% per year, versus 22.6% for Atlassian Corp. Atlassian Corp has the faster medium-term growth trajectory.

Where does this NDAQ vs TEAM data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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

Nasdaq, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.8B, roughly 1.2× Atlassian Corp). Nasdaq, Inc. runs the higher net margin — 24.3% vs -5.5%, a 29.8% gap on every dollar of revenue. On growth, Atlassian Corp posted the faster year-over-year revenue change (31.7% vs 2.0%). Over the past eight quarters, Atlassian Corp's revenue compounded faster (22.6% CAGR vs 9.2%).

Nasdaq, Inc.NDAQEarnings & Financial Report

Nasdaq · Financials · Financial Exchanges & Data

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.

Atlassian CorpTEAMEarnings & Financial Report

Nasdaq · Information Technology · Services-Prepackaged Software

The Dragoneer Investment Group (Dragoneer) is an American investment firm based in San Francisco, California. The firm focuses on technology investments in both public and private markets globally.

NDAQ vs TEAM — Head-to-Head

Bigger by revenue

NDAQ

1.2× larger

$2.1B

$1.8B

Growing faster (revenue YoY)

TEAM

+29.8% gap

31.7%

2.0%

Higher net margin

NDAQ

29.8% more per $

24.3%

-5.5%

Faster 2-yr revenue CAGR

TEAM

Annualised

22.6%

9.2%

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric	NDAQ	TEAM
Revenue	$2.1B	$1.8B
Net Profit	$519.0M	$-98.4M
Gross Margin	—	85.3%
Operating Margin	30.7%	11.6%
Net Margin	24.3%	-5.5%
Revenue YoY	2.0%	31.7%
Net Profit YoY	31.4%	-39.0%
EPS (diluted)	$0.91	$-0.38

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

TEAM

Q1 26	$2.1B	$1.8B
Q4 25	$2.1B	$1.6B
Q3 25	$2.0B	$1.4B
Q2 25	$2.1B	$1.4B
Q1 25	$2.1B	$1.4B
Q4 24	$2.0B	$1.3B
Q3 24	$1.9B	$1.2B
Q2 24	$1.8B	—

Net Profit

NDAQ

TEAM

Q1 26	$519.0M	$-98.4M
Q4 25	$518.0M	$-42.6M
Q3 25	$423.0M	$-51.9M
Q2 25	$452.0M	$-23.9M
Q1 25	$395.0M	$-70.8M
Q4 24	$355.0M	$-38.2M
Q3 24	$306.0M	$-123.8M
Q2 24	$222.0M	—

Gross Margin

NDAQ

TEAM

Q1 26	—	85.3%
Q4 25	65.5%	85.0%
Q3 25	67.2%	82.0%
Q2 25	62.5%	83.1%
Q1 25	59.2%	83.8%
Q4 24	60.4%	82.7%
Q3 24	60.3%	81.7%
Q2 24	64.7%	—

Operating Margin

NDAQ

TEAM

Q1 26	30.7%	11.6%
Q4 25	29.7%	-3.0%
Q3 25	29.9%	-6.7%
Q2 25	27.2%	-2.1%
Q1 25	26.2%	-0.9%
Q4 24	25.4%	-4.5%
Q3 24	23.6%	-2.7%
Q2 24	23.6%	—

Net Margin

NDAQ

TEAM

Q1 26	24.3%	-5.5%
Q4 25	24.4%	-2.7%
Q3 25	21.6%	-3.6%
Q2 25	21.6%	-1.7%
Q1 25	18.9%	-5.2%
Q4 24	17.5%	-3.0%
Q3 24	16.1%	-10.4%
Q2 24	12.4%	—

EPS (diluted)

NDAQ

TEAM

Q1 26	$0.91	$-0.38
Q4 25	$0.90	$-0.16
Q3 25	$0.73	$-0.20
Q2 25	$0.78	$-0.08
Q1 25	$0.68	$-0.27
Q4 24	$0.62	$-0.15
Q3 24	$0.53	$-0.48
Q2 24	$0.38	—

Balance Sheet & Financial Strength

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

Metric	NDAQ	TEAM
Cash + ST InvestmentsLiquidity on hand	$515.0M	$1.1B
Total DebtLower is stronger	$9.0B	$989.1M
Stockholders' EquityBook value	$12.0B	$879.0M
Total Assets	$27.3B	$5.7B
Debt / EquityLower = less leverage	0.74×	1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

NDAQ

TEAM

Q1 26	$515.0M	$1.1B
Q4 25	$604.0M	$1.6B
Q3 25	$470.0M	$2.8B
Q2 25	$732.0M	$2.9B
Q1 25	$690.0M	$3.0B
Q4 24	$592.0M	$2.5B
Q3 24	$266.0M	$2.2B
Q2 24	$416.0M	—

Total Debt

NDAQ

TEAM

Q1 26	$9.0B	$989.1M
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

TEAM

Q1 26	$12.0B	$879.0M
Q4 25	$12.2B	$1.6B
Q3 25	$12.0B	$1.4B
Q2 25	$11.8B	$1.3B
Q1 25	$11.5B	$1.4B
Q4 24	$11.2B	$1.2B
Q3 24	$11.1B	$1.0B
Q2 24	$10.9B	—

Total Assets

NDAQ

TEAM

Q1 26	$27.3B	$5.7B
Q4 25	$31.1B	$6.2B
Q3 25	$30.7B	$5.7B
Q2 25	$30.4B	$6.0B
Q1 25	$30.6B	$5.9B
Q4 24	$30.4B	$5.4B
Q3 24	$30.6B	$5.0B
Q2 24	$30.2B	—

Debt / Equity

NDAQ

TEAM

Q1 26	0.74×	1.13×
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	TEAM
Operating Cash FlowLast quarter	—	$567.5M
Free Cash FlowOCF − Capex	—	$561.3M
FCF MarginFCF / Revenue	—	31.4%
Capex IntensityCapex / Revenue	—	0.3%
Cash ConversionOCF / Net Profit	—	—
TTM Free Cash FlowTrailing 4 quarters	—	$1.2B