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NDAQ vs SPGI
Which Stock Would AI Choose? Nasdaq (NDAQ) vs. S&P Global (SPGI) Stock Comparison
1) Key Takeaways
- NDAQ posted record 2025 results, surpassing $5 billion in annual net revenue with 12% growth and double-digit earnings growth, along with credit-rating upgrades.
- SPGI grew full-year revenue 8% to $15.3 billion and extended its dividend-increase streak to 53 consecutive years, but its shares have pulled back in recent months.
- The two companies occupy adjacent but distinct roles: Nasdaq is a market-infrastructure and financial-technology operator, while S&P Global is a ratings, benchmarks, and data provider.
- Estimate-revision trends and relative momentum have recently favored NDAQ over SPGI, even though SPGI retains a larger and more diversified revenue base.
- Key near-term variables include SPGI's planned Mobility spin-off and Nasdaq's AI, listings, and index initiatives.
2) Introduction
Nasdaq, Inc. (NDAQ) and S&P Global Inc. (SPGI) are two of the most prominent names in financial data, market infrastructure, and analytics. Although neither is a pure "stock exchange" play in the traditional sense, both generate a large share of revenue from the machinery that underpins global capital markets. This stock comparison is most relevant to investors weighing two high-quality, information-driven franchises with different growth engines and risk exposures. Traders monitoring relative performance and market positioning may also find the contrast useful, since the two stocks have diverged in momentum and sentiment in recent periods despite operating in overlapping sectors.
2) NDAQ Overview and Recent Performance
Nasdaq, Inc. (NDAQ) operates across capital access platforms, financial technology, and market services. In recent quarters, the company has emphasized a "One Nasdaq" strategy that bundles listings, data and analytics, indices, and anti-financial-crime technology. This approach produced record results: annual net revenue exceeded $5 billion for the first time, growing 12%, while solutions revenue surpassed $4 billion. Annual recurring revenue (ARR), a measure of contracted recurring income, rose 10% to $3.1 billion.
Recent market activity has been supported by several catalysts. The index franchise recorded roughly $99 billion in net inflows over a 12-month span, pushing exchange-traded product (ETP) assets under management (AUM) to an all-time high of about $882 billion. Listings momentum remained strong, and the company launched an "Agentic AI workforce" within its Verafin financial-crime platform. Management also guided toward regulatory-dependent initiatives such as extended trading hours. Moody's and S&P both upgraded Nasdaq's senior unsecured debt ratings during the year, reinforcing a strengthening balance-sheet narrative.
3) SPGI Overview and Recent Performance
S&P Global Inc. (SPGI) is a leading provider of credit ratings, market benchmarks (including the S&P 500 and Dow Jones Indices), and data and analytics through divisions such as Market Intelligence, Commodity Insights, and Mobility. In its latest full-year results, revenue rose 8% to $15.3 billion, with net income increasing to $4.47 billion. The Ratings and Indices segments were particularly strong, with Indices revenue up 14% year over year.
Despite solid fundamentals, sentiment has cooled in recent months. The company's 2026 adjusted earnings guidance came in below some market expectations, and shares have pulled back notably from prior levels. A key structural event is the planned spin-off of the Mobility business, to be named "Mobility Global," which management has framed as a way to sharpen focus on core ratings, benchmarks, and data. S&P Global also extended its dividend-increase streak to 53 consecutive years and returned about $6.2 billion to shareholders in 2025 through dividends and buybacks, underscoring consistent capital-return discipline even amid the share-price softness.
4) Trending AI Robots
For traders who prefer a systematic approach to this type of stock comparison, Tickeron's Trending AI Robots page curates a focused selection from a much larger universe. Tickeron hosts hundreds of AI trading bots that collectively monitor and trade thousands of different tickers, but only the strategies best suited to current market conditions earn a place in this curated section. These bots vary widely in trading style, strategy, timeframe, performance statistics, and the sets of tickers they follow, so investors can compare options ranging from short-term momentum models to longer-horizon trend-following approaches. Because the selection is refreshed to reflect prevailing conditions, the page serves as a practical starting point for screening data-driven strategies across names such as NDAQ and SPGI. Visit Trending AI Robots to explore the current lineup.
5) Head-to-Head Comparison
The two companies differ in both business model and growth profile. Nasdaq is more exposed to trading volumes, listings activity, and market-structure innovation, which gives it cyclical sensitivity to capital-markets activity but also positions it to benefit from trends such as tokenized securities and AI-driven compliance tools. S&P Global is anchored by more defensive, subscription-like revenue streams in ratings and data, yet its growth is tied to debt and equity issuance and to benchmark-linked asset fees.
On recent momentum, NDAQ has shown steadier relative performance, aided by record inflows, credit upgrades, and positive earnings surprises. SPGI has faced downward estimate revisions and a share-price pullback, with the upcoming Mobility spin-off adding execution uncertainty. From a risk perspective, Nasdaq's leverage is moderate and improving, while S&P Global carries a larger debt load offset by stronger free-cash-flow generation and a longer dividend record. Sector exposure also differs: NDAQ skews toward exchanges and financial technology, whereas SPGI spans ratings, benchmarks, energy data, and mobility — a broader but more segmented footprint.
6) Tickeron AI Verdict
Based on observable trend consistency, estimate-revision momentum, and the relative strength of near-term catalysts, Tickeron's AI would likely tilt toward NDAQ in the current environment. The combination of record revenue, improving credit profile, and a clearer near-term growth narrative tends to align with models that favor stable, upward-trending positioning. SPGI retains structural quality and a longer capital-return track record, but softer guidance reception, negative estimate revisions, and spin-off-related uncertainty make its setup comparatively less favorable for trend-based signals. This assessment is probabilistic rather than definitive, and the optimal choice depends on the specific strategy and timeframe each investor or bot employs.
7) Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is NDAQ is a Hold and SPGI is a StrongBuy.
NDAQ in upward trend: price rose above 50-day moving average on October 20, 2026
NDAQ moved above its 50-day moving average on October 20, 2026 date and that indicates a change from a downward trend to an upward trend. In 25 of 32 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 78%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 15, 2026. You may want to consider a long position or call options on NDAQ as a result. In 49 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 61%.
The Moving Average Convergence Divergence (MACD) for NDAQ just turned positive on October 09, 2026. Looking at past instances where NDAQ's MACD turned positive, the stock continued to rise in 27 of 45 cases over the following month. The odds of a continued upward trend are 60%.
The 10-day moving average for NDAQ crossed bullishly above the 50-day moving average on October 22, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 10 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 67%.
Following a +8.97% 3-day Advance, the price is estimated to grow further. Considering data from situations where NDAQ advanced for three days, in 224 of 356 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NDAQ declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 51%.
NDAQ broke above its upper Bollinger Band on October 21, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for NDAQ entered a downward trend on September 25, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 23 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 33 (best 1 - 100 worst), indicating outstanding price growth. NDAQ’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 47 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 52 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 89 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.817) is normal, around the industry mean (4.019). P/E Ratio (29.855) is within average values for comparable stocks, (17.786). Projected Growth (PEG Ratio) (1.712) is also within normal values, averaging (1.780). Dividend Yield (0.012) settles around the average of (0.019) among similar stocks. P/S Ratio (5.831) is also within normal values, averaging (7.166).
SPGI sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for SPGI moved above the 200-day moving average on October 22, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 09, 2026. You may want to consider a long position or call options on SPGI as a result. In 48 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 57%.
The Moving Average Convergence Divergence (MACD) for SPGI just turned positive on October 08, 2026. Looking at past instances where SPGI's MACD turned positive, the stock continued to rise in 28 of 39 cases over the following month. The odds of a continued upward trend are 72%.
SPGI moved above its 50-day moving average on October 15, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SPGI crossed bullishly above the 50-day moving average on October 21, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 79%.
Following a +3.42% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPGI advanced for three days, in 191 of 350 cases, the price rose further within the following month. The odds of a continued upward trend are 55%.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPGI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.
SPGI broke above its upper Bollinger Band on October 15, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SPGI entered a downward trend on October 13, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 44 (best 1 - 100 worst), indicating fairly steady price growth. SPGI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 56 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 74 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 82 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SPGI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock worse than average.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 92 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.147) is normal, around the industry mean (4.019). P/E Ratio (26.956) is within average values for comparable stocks, (17.786). Projected Growth (PEG Ratio) (1.893) is also within normal values, averaging (1.780). Dividend Yield (0.009) settles around the average of (0.019) among similar stocks. P/S Ratio (7.570) is also within normal values, averaging (7.166).
NDAQ | SPGI | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 33 | 24 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 89 Overvalued | 92 Overvalued | |
PROFIT vs RISK RATING 1..100 | 23 | 82 | |
SMR RATING 1..100 | 52 | 56 | |
PRICE GROWTH RATING 1..100 | 33 | 44 | |
P/E GROWTH RATING 1..100 | 47 | 74 | |
SEASONALITY SCORE 1..100 | 85 | 85 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
NDAQ's Valuation (89) in the Investment Banks Or Brokers industry is in the same range as SPGI (92) in the Financial Publishing Or Services industry. This means that NDAQ’s stock grew similarly to SPGI’s over the last 12 months.
NDAQ's Profit vs Risk Rating (23) in the Investment Banks Or Brokers industry is somewhat better than the same rating for SPGI (82) in the Financial Publishing Or Services industry. This means that NDAQ’s stock grew somewhat faster than SPGI’s over the last 12 months.
NDAQ's SMR Rating (52) in the Investment Banks Or Brokers industry is in the same range as SPGI (56) in the Financial Publishing Or Services industry. This means that NDAQ’s stock grew similarly to SPGI’s over the last 12 months.
NDAQ's Price Growth Rating (33) in the Investment Banks Or Brokers industry is in the same range as SPGI (44) in the Financial Publishing Or Services industry. This means that NDAQ’s stock grew similarly to SPGI’s over the last 12 months.
NDAQ's P/E Growth Rating (47) in the Investment Banks Or Brokers industry is in the same range as SPGI (74) in the Financial Publishing Or Services industry. This means that NDAQ’s stock grew similarly to SPGI’s over the last 12 months.
| NDAQ | SPGI | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 56% | 1 day ago 56% |
| Stochastic ODDS (%) | 1 day ago 59% | 1 day ago 51% |
| Momentum ODDS (%) | 1 day ago 61% | 1 day ago 57% |
| MACD ODDS (%) | 1 day ago 60% | 1 day ago 72% |
| TrendWeek ODDS (%) | 1 day ago 63% | 1 day ago 56% |
| TrendMonth ODDS (%) | 1 day ago 62% | 1 day ago 52% |
| Advances ODDS (%) | 1 day ago 63% | 1 day ago 55% |
| Declines ODDS (%) | 9 days ago 51% | 9 days ago 54% |
| BollingerBands ODDS (%) | 1 day ago 53% | 1 day ago 51% |
| Aroon ODDS (%) | 1 day ago 52% | 1 day ago 56% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
NDAQ’s FA Score shows that 2 FA rating(s) are green while SPGI’s FA Score has 0 green FA rating(s).
- NDAQ’s FA Score: 2 green, 3 red.
- SPGI’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
NDAQ’s TA Score shows that 5 TA indicator(s) are bullish while SPGI’s TA Score has 5 bullish TA indicator(s).
- NDAQ’s TA Score: 5 bullish, 5 bearish.
- SPGI’s TA Score: 5 bullish, 5 bearish.
Price Growth
NDAQ (@Financial Publishing/Services) experienced а +4.52% price change this week, while SPGI (@Financial Publishing/Services) price change was +8.47% for the same time period.
The average weekly price growth across all stocks in the @Financial Publishing/Services industry was +2.74%. For the same industry, the average monthly price growth was +6.15%, and the average quarterly price growth was +8.53%.
Reported Earning Dates
NDAQ is expected to report earnings on Oct 22, 2026.
SPGI is expected to report earnings on Oct 27, 2026.
Industries' Descriptions
@Financial Publishing/Services (+2.74% weekly)The financial publishing /services sector includes companies that provide informational products and services that are of value to investors, financial/analytics professionals and other interested readers. The products include real-time stock quotes, financial news and analyses. Think S&P Global, Inc., Moody`s Corporation, Thomson-Reuters Corp and IHS Markit Ltd. Information is critical in making financial or investment decisions, and what makes this industry’s output relevant at all times, across various economic conditions.
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NDAQ and
Correlation & Price change
A.I.dvisor indicates that over the last year, NDAQ has been closely correlated with JEF. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if NDAQ jumps, then JEF could also see price increases.
| Ticker / NAME | Correlation To NDAQ | 1D Price Change % | ||
|---|---|---|---|---|
| NDAQ | 100% | +7.47% | ||
| JEF - NDAQ | 71% Closely correlated | +1.35% | ||
| MS - NDAQ | 71% Closely correlated | -1.63% | ||
| GS - NDAQ | 70% Closely correlated | -1.48% | ||
| RJF - NDAQ | 69% Closely correlated | +2.25% | ||
| SF - NDAQ | 66% Closely correlated | +2.17% | ||
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SPGI and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPGI has been closely correlated with MCO. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPGI jumps, then MCO could also see price increases.
| Ticker / NAME | Correlation To SPGI | 1D Price Change % | ||
|---|---|---|---|---|
| SPGI | 100% | +2.24% | ||
| MCO - SPGI | 88% Closely correlated | +2.08% | ||
| MSCI - SPGI | 71% Closely correlated | +2.61% | ||
| NDAQ - SPGI | 65% Loosely correlated | +7.47% | ||
| MORN - SPGI | 62% Loosely correlated | +4.46% | ||
| TRU - SPGI | 62% Loosely correlated | +5.74% | ||
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