20-quarter listed-company comparison

Financial Data & Stock Exchanges Stocks

Financial Data & Stock Exchanges: Cboe Global Markets, Inc. owns the largest revenue base AND the fastest current growth.

01 · the industry itself · before any single company

How has Financial Data & Stock Exchanges moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 35% behind S&P 500. Earnings across its companies grew 18% on average over the last four reported quarters.

BASING · +1 joined✓Fundamentals up, price down3 of 14 companies ahead of S&P 500 by 5% or more over three months5 are 20% or more behind over a year while earnings grew 20% or more

RS — · 7/14 >200d (+3) · 3/14 lead (+1) · EPS 11/13↑

Financial Data & Stock Exchanges, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 14 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

02 · sector relative strength, before individual stocks

Is Financial Data & Stock Exchanges outperforming S&P 500?

Financial Data & Stock Exchanges has underperformed S&P 500 by 25.4% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 5.6%. 1 of 14 covered companies currently beats the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. MarketWise, Inc. is the strongest against the sector itself at +26.5%.

-5.6%Sector vs S&P 500 · 13 weeks

-25.4%Sector vs S&P 500 · 52 weeks

1/14Stocks leading S&P 500

8/14Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Financial Data & Stock Exchanges has underperformed S&P 500 by 25.4% over 52 weeks and 5.6% over 13 weeks. 1 of 14 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 14 beat the sector itself. Cboe Global Markets, Inc. leads with income of $4,793 million, based on 4 of 14 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

$582.2B

S&P Global Inc.

Revenue growing

2/4

positive TTM year-on-year growth

Beating S&P 500

1/14

positive Mansfield relative strength

Comparing 4 of 14

03 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Cboe Global Markets, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 76% evidence confidence.

FactSet Research Systems Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Cboe Global Markets, Inc.CBOE	60.6/100Mixed-positive evidence76% evidence	ASLEEP	25.4/35 Income 10.6% · PAT 53.2% 71% evidence	16.6/25 ROA 3.8% · ROE 7.9% · GNPA — 68% evidence	7.0/20 P/BV 5.48× · P/BV÷ROE 0.69 70% evidence	11.6/20 RS sector 6% · RS bench -4.9% · 1Y 14.2%1 of 12 weeks ahead 100% evidence
Exact sum: 25.4 + 16.6 + 7 + 11.6 = 60.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Moody's CorporationMCO	58.1/100Mixed-positive evidence60% evidence	TURNING	21.6/35 Income — · PAT — 26% evidence	20.3/25 ROA 5.2% · ROE 24.2% · GNPA — 68% evidence	3.5/20 P/BV 25.93× · P/BV÷ROE 1.07 70% evidence	12.7/20 RS sector 2.2% · RS bench -9% · 1Y -6.1%1 of 12 weeks ahead 100% evidence
Exact sum: 21.6 + 20.3 + 3.5 + 12.7 = 58.1 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
3Morningstar, Inc.MORN	53.6/100Mixed-positive evidence60% evidence	TURNING	19.3/35 Income — · PAT — 26% evidence	15.8/25 ROA 3.1% · ROE 8.2% · GNPA — 68% evidence	5.8/20 P/BV 6.24× · P/BV÷ROE 0.76 70% evidence	12.7/20 RS sector 1.9% · RS bench -10.1% · 1Y -22.7%2 of 12 weeks ahead 100% evidence
Exact sum: 19.3 + 15.8 + 5.8 + 12.7 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Nasdaq, Inc.NDAQ	53.0/100Mixed-positive evidence60% evidence	TURNING	18.9/35 Income — · PAT — 26% evidence	14.2/25 ROA 1.9% · ROE 4.3% · GNPA — 68% evidence	5.4/20 P/BV 3.7× · P/BV÷ROE 0.86 70% evidence	14.5/20 RS sector 4.9% · RS bench -6.5% · 1Y -3.4%0 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 14.2 + 5.4 + 14.5 = 53 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5TransUnionTRU	50.2/100Mixed-positive evidence60% evidence	TURNING	19.3/35 Income — · PAT — 26% evidence	11.4/25 ROA 1.6% · ROE 3% · GNPA — 68% evidence	4.9/20 P/BV 2.85× · P/BV÷ROE 0.95 70% evidence	14.6/20 RS sector 4.9% · RS bench -6.9% · 1Y -9.4%2 of 12 weeks ahead 100% evidence
Exact sum: 19.3 + 11.4 + 4.9 + 14.6 = 50.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6FactSet Research Systems Inc.FDS	49.2/100Mixed-negative evidence80% evidence	BREAKING OUT	9.8/35 Income 6.6% · PAT 6.4% 81% evidence	16.1/25 ROA 3.2% · ROE 6.1% · GNPA — 68% evidence	6.7/20 P/BV 4.32× · P/BV÷ROE 0.71 70% evidence	16.6/20 RS sector 5.4% · RS bench -6.9% · 1Y -28.2%7 of 12 weeks ahead 100% evidence
Exact sum: 9.8 + 16.1 + 6.7 + 16.6 = 49.2 · Decision use: Price leads the evidence: RS versus the benchmark is -6.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
7MarketWise, Inc.MKTW	40.8/100Thin evidence · provisional58% evidence	ASLEEP	8.0/35 Income -16.2% · PAT -47.1% 71% evidence	6.0/25 ROA -0.6% · ROE 0.2% · GNPA — 68% evidence	9.8/20 P/BV -3.87× · P/BV÷ROE — 10% evidence	17.0/20 RS sector 26.5% · RS bench 13.2% · 1Y 16.5%7 of 12 weeks ahead 70% evidence
Exact sum: 8 + 6 + 9.8 + 17 = 40.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8S&P Global Inc.SPGI	40.2/100Mixed-negative evidence60% evidence	BASING	18.0/35 Income — · PAT — 26% evidence	13.9/25 ROA 2.2% · ROE 3.5% · GNPA — 68% evidence	3.6/20 P/BV 3.81× · P/BV÷ROE 1.09 70% evidence	4.7/20 RS sector -10.9% · RS bench -21.1% · 1Y -25.9%0 of 12 weeks ahead 100% evidence
Exact sum: 18 + 13.9 + 3.6 + 4.7 = 40.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Intercontinental Exchange, Inc.ICE	39.3/100Mixed-negative evidence60% evidence	BASING	16.7/35 Income — · PAT — 26% evidence	9.2/25 ROA 0.7% · ROE 3.4% · GNPA — 68% evidence	8.1/20 P/BV 2.34× · P/BV÷ROE 0.69 70% evidence	5.3/20 RS sector -4.5% · RS bench -15.2% · 1Y -20%0 of 12 weeks ahead 100% evidence
Exact sum: 16.7 + 9.2 + 8.1 + 5.3 = 39.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10CME Group Inc.CME	34.3/100Adverse evidence60% evidence	BASING	15.7/35 Income — · PAT — 26% evidence	9.4/25 ROA 0.5% · ROE 3.8% · GNPA — 68% evidence	5.9/20 P/BV 3.02× · P/BV÷ROE 0.79 70% evidence	3.3/20 RS sector -4.5% · RS bench -14.9% · 1Y -6.9%0 of 12 weeks ahead 100% evidence
Exact sum: 15.7 + 9.4 + 5.9 + 3.3 = 34.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Value Line, Inc.VALU	32.7/100Adverse evidence70% evidence	ASLEEP	7.1/35 Income -5.6% · PAT 0% 71% evidence	10.1/25 ROA 0.5% · ROE 5.7% · GNPA — 68% evidence	8.6/20 P/BV 3.27× · P/BV÷ROE 0.57 70% evidence	6.9/20 RS sector -3.7% · RS bench -14.2% · 1Y -6.4%1 of 12 weeks ahead 70% evidence
Exact sum: 7.1 + 10.1 + 8.6 + 6.9 = 32.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12MSCI Inc.MSCI	52.9/100Thin evidence · provisional48% evidence	ASLEEP	21.5/35 Income — · PAT — 26% evidence	14.4/25 ROA 7.3% · ROE -19.1% · GNPA — 68% evidence	9.8/20 P/BV -15.14× · P/BV÷ROE — 10% evidence	7.2/20 RS sector 0.7% · RS bench -10.1% · 1Y 4.5%1 of 12 weeks ahead 100% evidence
Exact sum: 21.5 + 14.4 + 9.8 + 7.2 = 52.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Securitize Corp.SECZ	36.6/100Thin evidence · provisional36% evidence	ASLEEP	18.2/35 Income — · PAT — 15% evidence	4.9/25 ROA -1.4% · ROE -86.7% · GNPA — 61% evidence	9.8/20 P/BV -8.19× · P/BV÷ROE — 10% evidence	3.7/20 RS sector -32% · RS bench -39.4% · 1Y -29.9%2 of 12 weeks ahead 70% evidence
Exact sum: 18.2 + 4.9 + 9.8 + 3.7 = 36.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14Coinbase Global, Inc.COIN	29.4/100Thin evidence · provisional48% evidence	ASLEEP	13.7/35 Income — · PAT — 26% evidence	5.5/25 ROA -0.4% · ROE -2.9% · GNPA — 68% evidence	9.8/20 P/BV 2.95× · P/BV÷ROE — 10% evidence	0.4/20 RS sector -33.4% · RS bench -41.7% · 1Y -51.5%0 of 12 weeks ahead 100% evidence
Exact sum: 13.7 + 5.5 + 9.8 + 0.4 = 29.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Showing 10 of 14 companies

04 · what price has already done

Market action

MarketWise, Inc. has the strongest one-year price move in Financial Data & Stock Exchanges at +16.5%. It also leads on Mansfield relative strength against the S&P 500 at +13.2%. 1 of 14 covered companies is above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Income Scale & Growth Durability

Cboe Global Markets, Inc. has the highest Income among the 14 Financial Data & Stock Exchanges companies compared here, at $4,793 million. FactSet Research Systems Inc. is next at $2,439 million. The same company also holds the highest Income growth, at 10.6%. 4 of 14 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Cboe Global Markets, Inc. is the scale leader at $4,793 million, 96.5% ahead of FactSet Research Systems Inc.. Cboe Global Markets, Inc.'s growth is 10.6% from a $4,793 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderCboe Global Markets, Inc. · $4,793 million

Gap96.5% versus #2 · FactSet Research Systems Inc.

Persistence8/8 recent comparable periods

Coverage4/14 companies · 248 observations

Investor read: Cboe Global Markets, Inc. is the scale benchmark; Cboe Global Markets, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Cboe Global Markets, Inc.'s growth falls below Cboe Global Markets, Inc.'s for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

Incomelargest

1Cboe Global Markets, Inc. CBOE$4.8B

2FactSet Research Systems Inc. FDS$2.4B

3MarketWise, Inc. MKTW$321M

4Value Line, Inc. VALU$34M

Income growthfastest growers

1Cboe Global Markets, Inc. CBOE11%

2FactSet Research Systems Inc. FDS6.6%

3Value Line, Inc. VALU-5.6%

4MarketWise, Inc. MKTW-16%

Income · company comparison

4/14 level · 4/14 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Income	Income growth	Reported
S&P Global Inc. SPGI	$4.2B	10%	Jun 2026
Intercontinental Exchange, Inc. ICE	$3.7B	14%	Jun 2026
Nasdaq, Inc. NDAQ	$2.1B	2.0%	Jun 2026
Moody's Corporation MCO	$2.1B	8.1%	Jun 2026
CME Group Inc. CME	$1.9B	14%	Jun 2026
Coinbase Global, Inc. COIN	$1.4B	-31%	Jun 2026
Cboe Global Markets, Inc. CBOE	$1.3B	6.5%	Mar 2026
TransUnion TRU	$1.2B	14%	Jun 2026
MSCI Inc. MSCI	$851M	14%	Jun 2026
Morningstar, Inc. MORN	$645M	11%	Jun 2026
FactSet Research Systems Inc. FDS	$623M	6.3%	Jun 2026
MarketWise, Inc. MKTW	$77M	-8.3%	Mar 2026
Value Line, Inc. VALU	$8M	-11%	Mar 2026

Full 20-quarter history · every available company

Income · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cboe Global Markets, Inc. · CBOE

Sep 2021$817M

Dec 2021$866M

Mar 2022$975M

Jun 2022$986M

Sep 2022$994M

Dec 2022$1.0B

Mar 2023$988M

Jun 2023$908M

Sep 2023$909M

Dec 2023$969M

Mar 2024$957M

Jun 2024$974M

Sep 2024$1.1B

Dec 2024$1.1B

Mar 2025$1.2B

Jun 2025$1.2B

Sep 2025$1.1B

Dec 2025$1.2B

Mar 2026$1.3B

Jun 2026—

CME Group Inc. · CME

Sep 2021$1.1B

Dec 2021$1.1B

Mar 2022$1.3B

Jun 2022$1.2B

Sep 2022$1.2B

Dec 2022$1.2B

Mar 2023$1.4B

Jun 2023$1.4B

Sep 2023$1.3B

Dec 2023$1.4B

Mar 2024$1.5B

Jun 2024$1.5B

Sep 2024$1.6B

Dec 2024$1.5B

Mar 2025$1.6B

Jun 2025$1.7B

Sep 2025$1.5B

Dec 2025$1.6B

Mar 2026$1.9B

Jun 2026—

Coinbase Global, Inc. · COIN

Sep 2021$1.3B

Dec 2021$2.5B

Mar 2022$1.2B

Jun 2022$808M

Sep 2022$590M

Dec 2022$629M

Mar 2023$773M

Jun 2023$708M

Sep 2023$674M

Dec 2023$954M

Mar 2024$1.6B

Jun 2024$1.5B

Sep 2024$1.2B

Dec 2024$2.3B

Mar 2025$2.0B

Jun 2025$1.5B

Sep 2025$1.9B

Dec 2025$1.8B

Mar 2026$1.4B

Jun 2026—

FactSet Research Systems Inc. · FDS

Sep 2021$412M

Dec 2021$425M

Mar 2022$431M

Jun 2022$489M

Sep 2022$499M

Dec 2022$505M

Mar 2023$515M

Jun 2023$530M

Sep 2023$536M

Dec 2023$542M

Mar 2024$546M

Jun 2024$553M

Sep 2024$562M

Dec 2024$569M

Mar 2025$571M

Jun 2025$586M

Sep 2025$597M

Dec 2025$608M

Mar 2026$611M

Jun 2026$623M

Intercontinental Exchange, Inc. · ICE

Sep 2021$2.3B

Dec 2021$2.3B

Mar 2022$2.5B

Jun 2022$2.4B

Sep 2022$2.4B

Dec 2022$2.4B

Mar 2023$2.5B

Jun 2023$2.3B

Sep 2023$2.4B

Dec 2023$2.7B

Mar 2024$2.8B

Jun 2024$2.9B

Sep 2024$3.0B

Dec 2024$3.0B

Mar 2025$3.2B

Jun 2025$3.3B

Sep 2025$3.0B

Dec 2025$3.1B

Mar 2026$3.7B

Jun 2026—

MarketWise, Inc. · MKTW

Sep 2021$141M

Dec 2021$147M

Mar 2022$137M

Jun 2022$128M

Sep 2022$120M

Dec 2022$128M

Mar 2023$126M

Jun 2023$104M

Sep 2023$106M

Dec 2023$112M

Mar 2024$109M

Jun 2024$105M

Sep 2024$97M

Dec 2024$97M

Mar 2025$84M

Jun 2025$80M

Sep 2025$81M

Dec 2025$83M

Mar 2026$77M

Jun 2026—

Moody's Corporation · MCO

Sep 2021$1.5B

Dec 2021$1.5B

Mar 2022$1.5B

Jun 2022$1.4B

Sep 2022$1.3B

Dec 2022$1.3B

Mar 2023$1.5B

Jun 2023$1.5B

Sep 2023$1.5B

Dec 2023$1.5B

Mar 2024$1.8B

Jun 2024$1.8B

Sep 2024$1.8B

Dec 2024$1.7B

Mar 2025$1.9B

Jun 2025$1.9B

Sep 2025$2.0B

Dec 2025$1.9B

Mar 2026$2.1B

Jun 2026—

Morningstar, Inc. · MORN

Sep 2021$429M

Dec 2021$462M

Mar 2022$457M

Jun 2022$470M

Sep 2022$468M

Dec 2022$475M

Mar 2023$480M

Jun 2023$505M

Sep 2023$516M

Dec 2023$539M

Mar 2024$543M

Jun 2024$572M

Sep 2024$569M

Dec 2024$591M

Mar 2025$582M

Jun 2025$605M

Sep 2025$617M

Dec 2025$641M

Mar 2026$645M

Jun 2026—

MSCI Inc. · MSCI

Sep 2021$517M

Dec 2021$550M

Mar 2022$560M

Jun 2022$552M

Sep 2022$561M

Dec 2022$576M

Mar 2023$592M

Jun 2023$621M

Sep 2023$625M

Dec 2023$690M

Mar 2024$680M

Jun 2024$708M

Sep 2024$725M

Dec 2024$744M

Mar 2025$746M

Jun 2025$773M

Sep 2025$793M

Dec 2025$823M

Mar 2026$851M

Jun 2026—

Nasdaq, Inc. · NDAQ

Sep 2021$1.4B

Dec 2021$1.5B

Mar 2022$1.5B

Jun 2022$1.6B

Sep 2022$1.6B

Dec 2022$1.6B

Mar 2023$1.5B

Jun 2023$1.4B

Sep 2023$1.5B

Dec 2023$1.6B

Mar 2024$1.7B

Jun 2024$1.8B

Sep 2024$1.9B

Dec 2024$2.0B

Mar 2025$2.1B

Jun 2025$2.1B

Sep 2025$2.0B

Dec 2025$2.1B

Mar 2026$2.1B

Jun 2026—

S&P Global Inc. · SPGI

Sep 2021$2.1B

Dec 2021$2.1B

Mar 2022$2.4B

Jun 2022$3.0B

Sep 2022$2.9B

Dec 2022$2.9B

Mar 2023$3.2B

Jun 2023$3.1B

Sep 2023$3.1B

Dec 2023$3.2B

Mar 2024$3.5B

Jun 2024$3.5B

Sep 2024$3.6B

Dec 2024$3.6B

Mar 2025$3.8B

Jun 2025$3.8B

Sep 2025$3.9B

Dec 2025$3.9B

Mar 2026$4.2B

Jun 2026—

TransUnion · TRU

Sep 2021$743M

Dec 2021$790M

Mar 2022$921M

Jun 2022$948M

Sep 2022$938M

Dec 2022$902M

Mar 2023$940M

Jun 2023$968M

Sep 2023$969M

Dec 2023$954M

Mar 2024$1.0B

Jun 2024$1.0B

Sep 2024$1.1B

Dec 2024$1.0B

Mar 2025$1.1B

Jun 2025$1.1B

Sep 2025$1.2B

Dec 2025$1.2B

Mar 2026$1.2B

Jun 2026—

Income growth · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cboe Global Markets, Inc. · CBOE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202223%

Sep 202222%

Dec 202216%

Mar 20231.3%

Jun 2023-7.9%

Sep 2023-8.6%

Dec 2023-3.6%

Mar 2024-3.1%

Jun 20247.3%

Sep 202416%

Dec 202414%

Mar 202525%

Jun 202521%

Sep 20258.1%

Dec 20258.7%

Mar 20266.5%

Jun 2026—

CME Group Inc. · CME

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20224.9%

Sep 202211%

Dec 20225.3%

Mar 20237.1%

Jun 20239.9%

Sep 20239.0%

Dec 202319%

Mar 20243.2%

Jun 202413%

Sep 202418%

Dec 20246.0%

Mar 202510%

Jun 202510%

Sep 2025-2.9%

Dec 20258.1%

Mar 202614%

Jun 2026—

Coinbase Global, Inc. · COIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-64%

Sep 2022-55%

Dec 2022-75%

Mar 2023-34%

Jun 2023-12%

Sep 202314%

Dec 202352%

Mar 2024112%

Jun 2024105%

Sep 202479%

Dec 2024138%

Mar 202524%

Jun 20253.2%

Sep 202555%

Dec 2025-22%

Mar 2026-31%

Jun 2026—

FactSet Research Systems Inc. · FDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202221%

Dec 202219%

Mar 202319%

Jun 20238.4%

Sep 20237.4%

Dec 20237.3%

Mar 20246.0%

Jun 20244.3%

Sep 20244.9%

Dec 20245.0%

Mar 20254.6%

Jun 20256.0%

Sep 20256.2%

Dec 20256.9%

Mar 20267.0%

Jun 20266.3%

Intercontinental Exchange, Inc. · ICE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202213%

Sep 20224.8%

Dec 20222.1%

Mar 20230.5%

Jun 2023-3.2%

Sep 20231.8%

Dec 202312%

Mar 202413%

Jun 202424%

Sep 202425%

Dec 202414%

Mar 202515%

Jun 202513%

Sep 2025-0.9%

Dec 20253.7%

Mar 202614%

Jun 2026—

MarketWise, Inc. · MKTW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-9.9%

Sep 2022-15%

Dec 2022-13%

Mar 2023-8.0%

Jun 2023-19%

Sep 2023-12%

Dec 2023-13%

Mar 2024-13%

Jun 20241.0%

Sep 2024-8.5%

Dec 2024-13%

Mar 2025-23%

Jun 2025-24%

Sep 2025-16%

Dec 2025-14%

Mar 2026-8.3%

Jun 2026—

Moody's Corporation · MCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-11%

Sep 2022-16%

Dec 2022-16%

Mar 2023-3.4%

Jun 20238.2%

Sep 202315%

Dec 202315%

Mar 202422%

Jun 202422%

Sep 202423%

Dec 202413%

Mar 20257.7%

Jun 20254.5%

Sep 202511%

Dec 202513%

Mar 20268.1%

Jun 2026—

Morningstar, Inc. · MORN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202213%

Sep 20229.1%

Dec 20222.8%

Mar 20235.0%

Jun 20237.5%

Sep 202310%

Dec 202313%

Mar 202413%

Jun 202413%

Sep 202410%

Dec 20249.7%

Mar 20257.2%

Jun 20255.8%

Sep 20258.4%

Dec 20258.5%

Mar 202611%

Jun 2026—

MSCI Inc. · MSCI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202211%

Sep 20228.5%

Dec 20224.7%

Mar 20235.7%

Jun 202313%

Sep 202311%

Dec 202320%

Mar 202415%

Jun 202414%

Sep 202416%

Dec 20247.8%

Mar 20259.7%

Jun 20259.2%

Sep 20259.4%

Dec 202511%

Mar 202614%

Jun 2026—

Nasdaq, Inc. · NDAQ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20229.9%

Sep 202215%

Dec 20227.8%

Mar 2023-0.1%

Jun 2023-7.7%

Sep 2023-6.8%

Dec 20234.1%

Mar 20249.2%

Jun 202425%

Sep 202431%

Dec 202423%

Mar 202525%

Jun 202517%

Sep 20252.9%

Dec 20254.6%

Mar 20262.0%

Jun 2026—

S&P Global Inc. · SPGI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202242%

Sep 202237%

Dec 202241%

Mar 202332%

Jun 20233.6%

Sep 20237.8%

Dec 20237.3%

Mar 202410%

Jun 202414%

Sep 202416%

Dec 202414%

Mar 20258.2%

Jun 20255.8%

Sep 20258.8%

Dec 20259.0%

Mar 202610%

Jun 2026—

TransUnion · TRU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202230%

Sep 202226%

Dec 202214%

Mar 20232.1%

Jun 20232.1%

Sep 20233.3%

Dec 20235.8%

Mar 20248.6%

Jun 20247.5%

Sep 202412%

Dec 20248.7%

Mar 20257.4%

Jun 20259.5%

Sep 20257.8%

Dec 202513%

Mar 202614%

Jun 2026—

06 · compare level, then change

Profit Scale & Acceleration

Cboe Global Markets, Inc. has the highest Net profit among the 14 Financial Data & Stock Exchanges companies compared here, at $1,236 million. FactSet Research Systems Inc. is next at $567 million. The same company also holds the highest Profit growth, at 53.2%. 4 of 14 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Cboe Global Markets, Inc. leads with $1,236 million of TTM profit, 118% above FactSet Research Systems Inc.. Cboe Global Markets, Inc. shows 53.2% growth from a $1,236 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCboe Global Markets, Inc. · $1,236 million

Gap118% versus #2 · FactSet Research Systems Inc.

Persistence6/8 recent comparable periods

Coverage4/14 companies · 248 observations

Investor read: Cboe Global Markets, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

Net profitlargest

1Cboe Global Markets, Inc. CBOE$1.2B

2FactSet Research Systems Inc. FDS$567M

3MarketWise, Inc. MKTW$46M

4Value Line, Inc. VALU$22M

Profit growthfastest growers

1Cboe Global Markets, Inc. CBOE53%

2FactSet Research Systems Inc. FDS6.4%

3Value Line, Inc. VALU0.0%

4MarketWise, Inc. MKTW-47%

Net profit · company comparison

4/14 level · 4/14 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
S&P Global Inc. SPGI	$1.5B	28%	Jun 2026
Intercontinental Exchange, Inc. ICE	$1.4B	76%	Jun 2026
CME Group Inc. CME	$1.2B	21%	Jun 2026
Moody's Corporation MCO	$661M	5.8%	Jun 2026
Nasdaq, Inc. NDAQ	$519M	31%	Jun 2026
MSCI Inc. MSCI	$406M	40%	Jun 2026
TransUnion TRU	$401M	162%	Jun 2026
Cboe Global Markets, Inc. CBOE	$386M	54%	Mar 2026
FactSet Research Systems Inc. FDS	$127M	-15%	Jun 2026
Morningstar, Inc. MORN	$107M	35%	Jun 2026
Value Line, Inc. VALU	$6M	20%	Mar 2026
MarketWise, Inc. MKTW	$-1M	-106%	Mar 2026
Coinbase Global, Inc. COIN	$-394M	-697%	Jun 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cboe Global Markets, Inc. · CBOE

Sep 2021$120M

Dec 2021$166M

Mar 2022$110M

Jun 2022$-185M

Sep 2022$150M

Dec 2022$160M

Mar 2023$173M

Jun 2023$168M

Sep 2023$208M

Dec 2023$212M

Mar 2024$210M

Jun 2024$140M

Sep 2024$219M

Dec 2024$197M

Mar 2025$251M

Jun 2025$235M

Sep 2025$301M

Dec 2025$314M

Mar 2026$386M

Jun 2026—

CME Group Inc. · CME

Sep 2021$926M

Dec 2021$625M

Mar 2022$711M

Jun 2022$663M

Sep 2022$680M

Dec 2022$638M

Mar 2023$884M

Jun 2023$778M

Sep 2023$750M

Dec 2023$815M

Mar 2024$855M

Jun 2024$883M

Sep 2024$913M

Dec 2024$875M

Mar 2025$956M

Jun 2025$1.0B

Sep 2025$908M

Dec 2025$1.2B

Mar 2026$1.2B

Jun 2026—

Coinbase Global, Inc. · COIN

Sep 2021$406M

Dec 2021$840M

Mar 2022$-430M

Jun 2022$-1.1B

Sep 2022$-545M

Dec 2022$-557M

Mar 2023$-79M

Jun 2023$-97M

Sep 2023$-2M

Dec 2023$273M

Mar 2024$1.2B

Jun 2024$36M

Sep 2024$75M

Dec 2024$1.3B

Mar 2025$66M

Jun 2025$1.4B

Sep 2025$433M

Dec 2025$-667M

Mar 2026$-394M

Jun 2026—

FactSet Research Systems Inc. · FDS

Sep 2021$101M

Dec 2021$108M

Mar 2022$110M

Jun 2022$75M

Sep 2022$104M

Dec 2022$137M

Mar 2023$132M

Jun 2023$135M

Sep 2023$65M

Dec 2023$149M

Mar 2024$141M

Jun 2024$158M

Sep 2024$89M

Dec 2024$150M

Mar 2025$145M

Jun 2025$149M

Sep 2025$154M

Dec 2025$153M

Mar 2026$133M

Jun 2026$127M

Intercontinental Exchange, Inc. · ICE

Sep 2021$637M

Dec 2021$1.5B

Mar 2022$667M

Jun 2022$566M

Sep 2022$-175M

Dec 2022$440M

Mar 2023$674M

Jun 2023$815M

Sep 2023$559M

Dec 2023$390M

Mar 2024$783M

Jun 2024$639M

Sep 2024$671M

Dec 2024$709M

Mar 2025$812M

Jun 2025$865M

Sep 2025$831M

Dec 2025$862M

Mar 2026$1.4B

Jun 2026—

MarketWise, Inc. · MKTW

Sep 2021$-366M

Dec 2021$36M

Mar 2022$23M

Jun 2022$34M

Sep 2022$17M

Dec 2022$28M

Mar 2023$31M

Jun 2023$10M

Sep 2023$12M

Dec 2023$2M

Mar 2024$23M

Jun 2024$21M

Sep 2024$23M

Dec 2024$26M

Mar 2025$17M

Jun 2025$15M

Sep 2025$18M

Dec 2025$14M

Mar 2026$-1M

Jun 2026—

Moody's Corporation · MCO

Sep 2021$474M

Dec 2021$427M

Mar 2022$498M

Jun 2022$327M

Sep 2022$303M

Dec 2022$246M

Mar 2023$501M

Jun 2023$377M

Sep 2023$390M

Dec 2023$340M

Mar 2024$577M

Jun 2024$553M

Sep 2024$534M

Dec 2024$395M

Mar 2025$625M

Jun 2025$579M

Sep 2025$647M

Dec 2025$611M

Mar 2026$661M

Jun 2026—

Morningstar, Inc. · MORN

Sep 2021$49M

Dec 2021$57M

Mar 2022$46M

Jun 2022$30M

Sep 2022$-9M

Dec 2022$3M

Mar 2023$-8M

Jun 2023$36M

Sep 2023$39M

Dec 2023$74M

Mar 2024$64M

Jun 2024$69M

Sep 2024$120M

Dec 2024$117M

Mar 2025$79M

Jun 2025$89M

Sep 2025$92M

Dec 2025$115M

Mar 2026$107M

Jun 2026—

MSCI Inc. · MSCI

Sep 2021$170M

Dec 2021$194M

Mar 2022$228M

Jun 2022$211M

Sep 2022$217M

Dec 2022$215M

Mar 2023$239M

Jun 2023$247M

Sep 2023$260M

Dec 2023$403M

Mar 2024$256M

Jun 2024$267M

Sep 2024$281M

Dec 2024$306M

Mar 2025$289M

Jun 2025$304M

Sep 2025$325M

Dec 2025$285M

Mar 2026$406M

Jun 2026—

Nasdaq, Inc. · NDAQ

Sep 2021$288M

Dec 2021$259M

Mar 2022$283M

Jun 2022$307M

Sep 2022$294M

Dec 2022$240M

Mar 2023$301M

Jun 2023$267M

Sep 2023$294M

Dec 2023$196M

Mar 2024$233M

Jun 2024$222M

Sep 2024$305M

Dec 2024$355M

Mar 2025$395M

Jun 2025$452M

Sep 2025$423M

Dec 2025$518M

Mar 2026$519M

Jun 2026—

S&P Global Inc. · SPGI

Sep 2021$861M

Dec 2021$736M

Mar 2022$1.3B

Jun 2022$1.1B

Sep 2022$678M

Dec 2022$494M

Mar 2023$860M

Jun 2023$575M

Sep 2023$814M

Dec 2023$644M

Mar 2024$1.1B

Jun 2024$1.1B

Sep 2024$1.0B

Dec 2024$967M

Mar 2025$1.2B

Jun 2025$1.2B

Sep 2025$1.3B

Dec 2025$1.2B

Mar 2026$1.5B

Jun 2026—

TransUnion · TRU

Sep 2021$97M

Dec 2021$38M

Mar 2022$52M

Jun 2022$99M

Sep 2022$80M

Dec 2022$32M

Mar 2023$57M

Jun 2023$57M

Sep 2023$-314M

Dec 2023$10M

Mar 2024$70M

Jun 2024$90M

Sep 2024$72M

Dec 2024$71M

Mar 2025$153M

Jun 2025$112M

Sep 2025$100M

Dec 2025$105M

Mar 2026$401M

Jun 2026—

Profit growth · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cboe Global Markets, Inc. · CBOE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-275%

Sep 202225%

Dec 2022-3.6%

Mar 202357%

Jun 2023—

Sep 202339%

Dec 202333%

Mar 202421%

Jun 2024-17%

Sep 20245.3%

Dec 2024-7.1%

Mar 202520%

Jun 202568%

Sep 202537%

Dec 202559%

Mar 202654%

Jun 2026—

CME Group Inc. · CME

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202230%

Sep 2022-27%

Dec 20222.1%

Mar 202324%

Jun 202317%

Sep 202310%

Dec 202328%

Mar 2024-3.3%

Jun 202414%

Sep 202422%

Dec 20247.4%

Mar 202512%

Jun 202516%

Sep 2025-0.6%

Dec 202535%

Mar 202621%

Jun 2026—

Coinbase Global, Inc. · COIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-168%

Sep 2022-234%

Dec 2022-166%

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024373%

Mar 2025-94%

Jun 20253,869%

Sep 2025477%

Dec 2025-152%

Mar 2026-697%

Jun 2026—

FactSet Research Systems Inc. · FDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20223.0%

Dec 202227%

Mar 202320%

Jun 202380%

Sep 2023-38%

Dec 20238.8%

Mar 20246.8%

Jun 202417%

Sep 202437%

Dec 20240.7%

Mar 20252.8%

Jun 2025-5.7%

Sep 202573%

Dec 20252.0%

Mar 2026-8.3%

Jun 2026-15%

Intercontinental Exchange, Inc. · ICE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-55%

Sep 2022-127%

Dec 2022-71%

Mar 20231.1%

Jun 202344%

Sep 2023—

Dec 2023-11%

Mar 202416%

Jun 2024-22%

Sep 202420%

Dec 202482%

Mar 20253.7%

Jun 202535%

Sep 202524%

Dec 202522%

Mar 202676%

Jun 2026—

MarketWise, Inc. · MKTW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022-22%

Mar 202335%

Jun 2023-71%

Sep 2023-29%

Dec 2023-93%

Mar 2024-26%

Jun 2024110%

Sep 202492%

Dec 20241,200%

Mar 2025-26%

Jun 2025-29%

Sep 2025-22%

Dec 2025-46%

Mar 2026-106%

Jun 2026—

Moody's Corporation · MCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-43%

Sep 2022-36%

Dec 2022-42%

Mar 20230.6%

Jun 202315%

Sep 202329%

Dec 202338%

Mar 202415%

Jun 202447%

Sep 202437%

Dec 202416%

Mar 20258.3%

Jun 20254.7%

Sep 202521%

Dec 202555%

Mar 20265.8%

Jun 2026—

Morningstar, Inc. · MORN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-9.1%

Sep 2022-118%

Dec 2022-95%

Mar 2023-117%

Jun 202320%

Sep 2023—

Dec 20232,367%

Mar 2024—

Jun 202492%

Sep 2024208%

Dec 202458%

Mar 202523%

Jun 202529%

Sep 2025-23%

Dec 2025-1.7%

Mar 202635%

Jun 2026—

MSCI Inc. · MSCI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202228%

Sep 202228%

Dec 202211%

Mar 20234.8%

Jun 202317%

Sep 202320%

Dec 202387%

Mar 20247.1%

Jun 20248.1%

Sep 20248.1%

Dec 2024-24%

Mar 202513%

Jun 202514%

Sep 202516%

Dec 2025-6.9%

Mar 202640%

Jun 2026—

Nasdaq, Inc. · NDAQ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-10.0%

Sep 20222.1%

Dec 2022-7.3%

Mar 20236.4%

Jun 2023-13%

Sep 20230.0%

Dec 2023-18%

Mar 2024-23%

Jun 2024-17%

Sep 20243.7%

Dec 202481%

Mar 202570%

Jun 2025104%

Sep 202539%

Dec 202546%

Mar 202631%

Jun 2026—

S&P Global Inc. · SPGI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202223%

Sep 2022-21%

Dec 2022-33%

Mar 2023-34%

Jun 2023-45%

Sep 202320%

Dec 202330%

Mar 202424%

Jun 202489%

Sep 202429%

Dec 202450%

Mar 20259.6%

Jun 20256.9%

Sep 202521%

Dec 202527%

Mar 202628%

Jun 2026—

TransUnion · TRU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-19%

Sep 2022-18%

Dec 2022-16%

Mar 20239.6%

Jun 2023-42%

Sep 2023-493%

Dec 2023-69%

Mar 202423%

Jun 202458%

Sep 2024—

Dec 2024610%

Mar 2025119%

Jun 202524%

Sep 202539%

Dec 202548%

Mar 2026162%

Jun 2026—

07 · compare level, then change

Funding Base & Its Composition

No company in this Financial Data & Stock Exchanges comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Intercontinental Exchange, Inc. is highest at $20,527 million, across 14 of 14 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

LeaderNo comparable leader

GapNot enough peers

PersistenceNot enough history

Coverage0/14 companies · 0 observations

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

Depositslargest deposit bases

—Not enough comparable data—

Borrowingslargest borrowings

1Intercontinental Exchange, Inc. ICE$20.5B

2S&P Global Inc. SPGI$15.6B

3Nasdaq, Inc. NDAQ$9.2B

4Moody's Corporation MCO$7.5B

5MSCI Inc. MSCI$6.5B

Funding base · company comparison

0/14 level · 14/14 change

All-company data · latest reported quarter

Company	Deposits	Borrowings	Reported
S&P Global Inc. SPGI	—	$15.6B	Jun 2026
CME Group Inc. CME	—	$3.4B	Jun 2026
Moody's Corporation MCO	—	$7.5B	Jun 2026
Intercontinental Exchange, Inc. ICE	—	$20.5B	Jun 2026
Nasdaq, Inc. NDAQ	—	$9.2B	Jun 2026
MSCI Inc. MSCI	—	$6.5B	Jun 2026
Coinbase Global, Inc. COIN	—	$6.5B	Jun 2026
Cboe Global Markets, Inc. CBOE	—	$1.6B	Mar 2026
TransUnion TRU	—	$5.6B	Jun 2026
FactSet Research Systems Inc. FDS	—	$1.6B	Jun 2026
Morningstar, Inc. MORN	—	$1.9B	Jun 2026
Securitize Corp. SECZ	—	$86M	Mar 2026
MarketWise, Inc. MKTW	—	$6M	Mar 2026
Value Line, Inc. VALU	—	$3M	Mar 2026

Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cboe Global Markets, Inc. · CBOE

Sep 2021$1.4B

Dec 2021$1.4B

Mar 2022$1.7B

Jun 2022$2.1B

Sep 2022$2.0B

Dec 2022$1.9B

Mar 2023$1.9B

Jun 2023$1.7B

Sep 2023$1.6B

Dec 2023$1.6B

Mar 2024$1.6B

Jun 2024$1.6B

Sep 2024$1.6B

Dec 2024$1.6B

Mar 2025$1.6B

Jun 2025$1.6B

Sep 2025$1.6B

Dec 2025$1.6B

Mar 2026$1.6B

Jun 2026—

CME Group Inc. · CME

Sep 2021$3.4B

Dec 2021$3.4B

Mar 2022$3.4B

Jun 2022$3.4B

Sep 2022$3.4B

Dec 2022$3.4B

Mar 2023$3.4B

Jun 2023$3.4B

Sep 2023$3.4B

Dec 2023$3.4B

Mar 2024$3.4B

Jun 2024$3.4B

Sep 2024$3.4B

Dec 2024$3.4B

Mar 2025$3.4B

Jun 2025$3.4B

Sep 2025$3.4B

Dec 2025$3.4B

Mar 2026$3.4B

Jun 2026$3.4B

Coinbase Global, Inc. · COIN

Sep 2021$3.9B

Dec 2021$3.9B

Mar 2022$4.0B

Jun 2022$3.6B

Sep 2022$3.7B

Dec 2022$3.6B

Mar 2023$3.6B

Jun 2023$3.5B

Sep 2023$3.2B

Dec 2023$3.0B

Mar 2024$4.5B

Jun 2024$4.5B

Sep 2024$4.5B

Dec 2024$4.6B

Mar 2025$4.5B

Jun 2025$4.5B

Sep 2025$7.6B

Dec 2025$7.7B

Mar 2026$7.8B

Jun 2026$6.5B

FactSet Research Systems Inc. · FDS

Sep 2021$866M

Dec 2021$856M

Mar 2022$839M

Jun 2022$2.4B

Sep 2022$2.2B

Dec 2022$2.1B

Mar 2023$2.0B

Jun 2023$1.9B

Sep 2023$1.8B

Dec 2023$1.8B

Mar 2024$1.7B

Jun 2024$1.6B

Sep 2024$1.6B

Dec 2024$1.6B

Mar 2025$1.7B

Jun 2025$1.6B

Sep 2025$1.6B

Dec 2025$1.6B

Mar 2026$1.6B

Jun 2026$1.6B

Intercontinental Exchange, Inc. · ICE

Sep 2021$14.5B

Dec 2021$14.2B

Mar 2022$14.5B

Jun 2022$18.4B

Sep 2022$18.4B

Dec 2022$18.4B

Mar 2023$18.4B

Jun 2023$18.3B

Sep 2023$23.6B

Dec 2023$22.9B

Mar 2024$22.3B

Jun 2024$22.1B

Sep 2024$21.5B

Dec 2024$20.7B

Mar 2025$20.6B

Jun 2025$19.7B

Sep 2025$19.5B

Dec 2025$20.3B

Mar 2026$21.0B

Jun 2026$20.5B

Moody's Corporation · MCO

Sep 2021$8.0B

Dec 2021$8.0B

Mar 2022$8.3B

Jun 2022$8.2B

Sep 2022$8.0B

Dec 2022$7.9B

Mar 2023$7.9B

Jun 2023$7.7B

Sep 2023$7.3B

Dec 2023$7.4B

Mar 2024$7.3B

Jun 2024$7.3B

Sep 2024$7.9B

Dec 2024$7.7B

Mar 2025$7.1B

Jun 2025$7.3B

Sep 2025$7.4B

Dec 2025$7.4B

Mar 2026$7.3B

Jun 2026$7.5B

Morningstar, Inc. · MORN

Sep 2021$527M

Dec 2021$532M

Mar 2022$671M

Jun 2022$1.3B

Sep 2022$1.4B

Dec 2022$1.3B

Mar 2023$1.3B

Jun 2023$1.4B

Sep 2023$1.2B

Dec 2023$1.2B

Mar 2024$1.1B

Jun 2024$1.1B

Sep 2024$1.0B

Dec 2024$904M

Mar 2025$1.0B

Jun 2025$1.0B

Sep 2025$1.0B

Dec 2025$1.3B

Mar 2026$1.9B

Jun 2026$1.9B

MSCI Inc. · MSCI

Sep 2021$4.3B

Dec 2021$4.3B

Mar 2022$4.3B

Jun 2022$4.6B

Sep 2022$4.7B

Dec 2022$4.6B

Mar 2023$4.6B

Jun 2023$4.6B

Sep 2023$4.6B

Dec 2023$4.6B

Mar 2024$4.6B

Jun 2024$4.6B

Sep 2024$4.6B

Dec 2024$4.6B

Mar 2025$4.7B

Jun 2025$4.6B

Sep 2025$5.6B

Dec 2025$6.3B

Mar 2026$6.5B

Jun 2026$6.5B

Nasdaq, Inc. · NDAQ

Sep 2021$6.3B

Dec 2021$6.2B

Mar 2022$6.4B

Jun 2022$6.2B

Sep 2022$5.8B

Dec 2022$5.9B

Mar 2023$5.6B

Jun 2023$10.4B

Sep 2023$10.1B

Dec 2023$10.9B

Mar 2024$10.4B

Jun 2024$10.2B

Sep 2024$10.3B

Dec 2024$9.9B

Mar 2025$9.7B

Jun 2025$9.6B

Sep 2025$9.6B

Dec 2025$9.5B

Mar 2026$9.4B

Jun 2026$9.2B

S&P Global Inc. · SPGI

Sep 2021$4.6B

Dec 2021$4.6B

Mar 2022$12.1B

Jun 2022$11.4B

Sep 2022$11.4B

Dec 2022$11.5B

Mar 2023$12.2B

Jun 2023$12.0B

Sep 2023$12.0B

Dec 2023$12.0B

Mar 2024$12.2B

Jun 2024$11.9B

Sep 2024$11.9B

Dec 2024$11.9B

Mar 2025$11.9B

Jun 2025$11.9B

Sep 2025$11.9B

Dec 2025$13.6B

Mar 2026$13.8B

Jun 2026$15.6B

Securitize Corp. · SECZ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024$86M

Mar 2025$86M

Jun 2025—

Sep 2025—

Dec 2025$83M

Mar 2026$86M

Jun 2026—

TransUnion · TRU

Sep 2021$3.3B

Dec 2021$6.4B

Mar 2022$5.9B

Jun 2022$5.9B

Sep 2022$5.9B

Dec 2022$5.7B

Mar 2023$5.6B

Jun 2023$5.5B

Sep 2023$5.4B

Dec 2023$5.3B

Mar 2024$5.3B

Jun 2024$5.2B

Sep 2024$5.2B

Dec 2024$5.1B

Mar 2025$5.1B

Jun 2025$5.1B

Sep 2025$5.1B

Dec 2025$5.1B

Mar 2026$5.6B

Jun 2026$5.6B

08 · compare level, then change

Return On Assets

MSCI Inc. has the highest ROA among the 14 Financial Data & Stock Exchanges companies compared here, at 7.3%. Moody's Corporation is next at 5.2%. Securitize Corp. has the highest ROA change at +6.8 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: MSCI Inc. leads roa at 7.3%; Securitize Corp. leads roa change at +6.8 percentage points.

LeaderMSCI Inc. · 7.3%

Gap40.4% versus #2 · Moody's Corporation

Persistence7/8 recent comparable periods

Coverage14/14 companies · 256 observations

Investor read: MSCI Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

ROAhighest

1MSCI Inc. MSCI7.3%

2Moody's Corporation MCO5.2%

3Cboe Global Markets, Inc. CBOE3.8%

4FactSet Research Systems Inc. FDS3.2%

5Morningstar, Inc. MORN3.1%

ROA changefastest improvers

1Securitize Corp. SECZ+6.8 pp

2Moody's Corporation MCO+1.2 pp

3MSCI Inc. MSCI+1.0 pp

4Cboe Global Markets, Inc. CBOE+0.8 pp

5Nasdaq, Inc. NDAQ+0.4 pp

Return on assets · company comparison

14/14 level · 14/14 change

All-company data · latest reported quarter

Company	ROA	ROA change	Reported
MSCI Inc. MSCI	7.3%	+1.0 pp	Jun 2026
Moody's Corporation MCO	5.2%	+1.2 pp	Jun 2026
Cboe Global Markets, Inc. CBOE	3.8%	+0.8 pp	Mar 2026
FactSet Research Systems Inc. FDS	3.2%	−0.6 pp	Jun 2026
Morningstar, Inc. MORN	3.1%	+0.3 pp	Jun 2026
S&P Global Inc. SPGI	2.2%	+0.2 pp	Jun 2026
Nasdaq, Inc. NDAQ	1.9%	+0.4 pp	Jun 2026
TransUnion TRU	1.6%	+0.4 pp	Jun 2026
Intercontinental Exchange, Inc. ICE	0.7%	0.0 pp	Jun 2026
CME Group Inc. CME	0.5%	−0.1 pp	Jun 2026
Value Line, Inc. VALU	0.5%	−0.3 pp	Mar 2026
Coinbase Global, Inc. COIN	-0.4%	−0.4 pp	Jun 2026
MarketWise, Inc. MKTW	-0.6%	−5.9 pp	Mar 2026

Full 20-quarter history · every available company

ROA · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cboe Global Markets, Inc. · CBOE

Sep 20211.9%

Dec 20212.6%

Mar 20221.5%

Jun 2022-2.3%

Sep 20222.1%

Dec 20222.5%

Mar 20232.2%

Jun 20232.3%

Sep 20232.8%

Dec 20233.0%

Mar 20242.5%

Jun 20241.8%

Sep 20242.6%

Dec 20242.7%

Mar 20253.0%

Jun 20252.6%

Sep 20252.9%

Dec 20253.3%

Mar 20263.8%

Jun 2026—

CME Group Inc. · CME

Sep 20210.3%

Dec 20210.3%

Mar 20220.4%

Jun 20220.3%

Sep 20220.3%

Dec 20220.3%

Mar 20230.4%

Jun 20230.4%

Sep 20230.4%

Dec 20230.5%

Mar 20240.5%

Jun 20240.6%

Sep 20240.6%

Dec 20240.6%

Mar 20250.5%

Jun 20250.6%

Sep 20250.5%

Dec 20250.5%

Mar 20260.5%

Jun 20260.5%

Coinbase Global, Inc. · COIN

Sep 20213.6%

Dec 20216.4%

Mar 2022-2.5%

Jun 2022-1.5%

Sep 2022-0.7%

Dec 2022-1.0%

Mar 2023-0.1%

Jun 2023-0.1%

Sep 20230.0%

Dec 20230.5%

Mar 20240.3%

Jun 2024-0.1%

Sep 20240.1%

Dec 20244.8%

Mar 20250.3%

Jun 20250.0%

Sep 20250.3%

Dec 20250.8%

Mar 2026-0.1%

Jun 2026-0.4%

FactSet Research Systems Inc. · FDS

Sep 2021—

Dec 20215.1%

Mar 20224.9%

Jun 20222.7%

Sep 20223.8%

Dec 20224.8%

Mar 20234.5%

Jun 20233.5%

Sep 20231.8%

Dec 20234.0%

Mar 20243.8%

Jun 20244.2%

Sep 20242.4%

Dec 20244.0%

Mar 20253.8%

Jun 20253.8%

Sep 20253.4%

Dec 20253.7%

Mar 20263.6%

Jun 20263.2%

Intercontinental Exchange, Inc. · ICE

Sep 20210.5%

Dec 20210.4%

Mar 20220.5%

Jun 20220.4%

Sep 20220.3%

Dec 20220.3%

Mar 20230.4%

Jun 20230.5%

Sep 20230.4%

Dec 20230.4%

Mar 20240.6%

Jun 20240.6%

Sep 20240.6%

Dec 20240.6%

Mar 20250.7%

Jun 20250.7%

Sep 20250.7%

Dec 20250.7%

Mar 20260.8%

Jun 20260.7%

MarketWise, Inc. · MKTW

Sep 2021-109%

Dec 20218.5%

Mar 20223.9%

Jun 20225.4%

Sep 20224.8%

Dec 20226.3%

Mar 20237.0%

Jun 20232.0%

Sep 20232.4%

Dec 20230.3%

Mar 20245.3%

Jun 20245.4%

Sep 20245.8%

Dec 20247.2%

Mar 20255.3%

Jun 20255.4%

Sep 20257.0%

Dec 20255.6%

Mar 2026-0.6%

Jun 2026—

Moody's Corporation · MCO

Sep 20214.0%

Dec 20213.1%

Mar 20223.9%

Jun 20222.8%

Sep 20222.3%

Dec 20221.6%

Mar 20233.7%

Jun 20232.9%

Sep 20233.0%

Dec 20232.6%

Mar 20244.1%

Jun 20244.0%

Sep 20243.7%

Dec 20242.8%

Mar 20254.4%

Jun 20254.0%

Sep 20254.4%

Dec 20254.4%

Mar 20264.7%

Jun 20265.2%

Morningstar, Inc. · MORN

Sep 20211.9%

Dec 20212.0%

Mar 20221.5%

Jun 20221.4%

Sep 20222.4%

Dec 20220.2%

Mar 2023-2.3%

Jun 20231.4%

Sep 20231.5%

Dec 20232.3%

Mar 20242.0%

Jun 20242.5%

Sep 20242.7%

Dec 20243.8%

Mar 20252.4%

Jun 20252.8%

Sep 20252.7%

Dec 20253.4%

Mar 20263.1%

Jun 20263.1%

MSCI Inc. · MSCI

Sep 20215.1%

Dec 20214.6%

Mar 20225.7%

Jun 20225.1%

Sep 20225.0%

Dec 20224.8%

Mar 20235.6%

Jun 20235.8%

Sep 20236.0%

Dec 20236.1%

Mar 20245.6%

Jun 20245.9%

Sep 20246.1%

Dec 20246.2%

Mar 20256.1%

Jun 20256.3%

Sep 20256.8%

Dec 20256.1%

Mar 20268.8%

Jun 20267.3%

Nasdaq, Inc. · NDAQ

Sep 20211.7%

Dec 20211.5%

Mar 20221.6%

Jun 20221.6%

Sep 20221.5%

Dec 20221.3%

Mar 20231.5%

Jun 20231.3%

Sep 20231.4%

Dec 20230.9%

Mar 20241.2%

Jun 20241.0%

Sep 20241.4%

Dec 20241.3%

Mar 20251.5%

Jun 20251.5%

Sep 20251.5%

Dec 20251.8%

Mar 20261.7%

Jun 20261.9%

S&P Global Inc. · SPGI

Sep 20216.8%

Dec 20215.4%

Mar 20223.3%

Jun 20222.9%

Sep 20221.8%

Dec 20221.5%

Mar 20231.4%

Jun 20231.0%

Sep 20231.4%

Dec 20231.2%

Mar 20241.8%

Jun 20241.9%

Sep 20241.8%

Dec 20241.7%

Mar 20252.0%

Jun 20252.0%

Sep 20252.2%

Dec 20252.1%

Mar 20262.6%

Jun 20262.2%

TransUnion · TRU

Sep 20211.7%

Dec 20210.8%

Mar 20220.9%

Jun 20221.5%

Sep 20221.3%

Dec 20220.6%

Mar 20230.9%

Jun 20231.0%

Sep 2023-2.2%

Dec 2023-0.9%

Mar 20241.2%

Jun 20241.2%

Sep 20241.0%

Dec 20241.1%

Mar 20251.8%

Jun 20251.2%

Sep 20251.2%

Dec 20251.4%

Mar 20262.0%

Jun 20261.6%

ROA change · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cboe Global Markets, Inc. · CBOE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.2 pp

Dec 2022−0.1 pp

Mar 2023+0.7 pp

Jun 2023+4.6 pp

Sep 2023+0.7 pp

Dec 2023+0.5 pp

Mar 2024+0.3 pp

Jun 2024−0.5 pp

Sep 2024−0.2 pp

Dec 2024−0.3 pp

Mar 2025+0.5 pp

Jun 2025+0.8 pp

Sep 2025+0.3 pp

Dec 2025+0.6 pp

Mar 2026+0.8 pp

Jun 2026—

CME Group Inc. · CME

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.0 pp

Dec 20220.0 pp

Mar 20230.0 pp

Jun 2023+0.1 pp

Sep 2023+0.1 pp

Dec 2023+0.2 pp

Mar 2024+0.1 pp

Jun 2024+0.2 pp

Sep 2024+0.2 pp

Dec 2024+0.1 pp

Mar 20250.0 pp

Jun 20250.0 pp

Sep 2025−0.1 pp

Dec 2025−0.1 pp

Mar 20260.0 pp

Jun 2026−0.1 pp

Coinbase Global, Inc. · COIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−4.3 pp

Dec 2022−7.4 pp

Mar 2023+2.4 pp

Jun 2023+1.4 pp

Sep 2023+0.7 pp

Dec 2023+1.5 pp

Mar 2024+0.4 pp

Jun 20240.0 pp

Sep 2024+0.1 pp

Dec 2024+4.3 pp

Mar 20250.0 pp

Jun 2025+0.1 pp

Sep 2025+0.2 pp

Dec 2025−4.0 pp

Mar 2026−0.4 pp

Jun 2026−0.4 pp

FactSet Research Systems Inc. · FDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−0.3 pp

Mar 2023−0.4 pp

Jun 2023+0.8 pp

Sep 2023−2.0 pp

Dec 2023−0.8 pp

Mar 2024−0.7 pp

Jun 2024+0.7 pp

Sep 2024+0.6 pp

Dec 20240.0 pp

Mar 20250.0 pp

Jun 2025−0.4 pp

Sep 2025+1.0 pp

Dec 2025−0.3 pp

Mar 2026−0.2 pp

Jun 2026−0.6 pp

Intercontinental Exchange, Inc. · ICE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.2 pp

Dec 2022−0.1 pp

Mar 2023−0.1 pp

Jun 2023+0.1 pp

Sep 2023+0.1 pp

Dec 2023+0.1 pp

Mar 2024+0.2 pp

Jun 2024+0.1 pp

Sep 2024+0.2 pp

Dec 2024+0.2 pp

Mar 2025+0.1 pp

Jun 2025+0.1 pp

Sep 2025+0.1 pp

Dec 2025+0.1 pp

Mar 2026+0.1 pp

Jun 20260.0 pp

MarketWise, Inc. · MKTW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+114.1 pp

Dec 2022−2.2 pp

Mar 2023+3.1 pp

Jun 2023−3.4 pp

Sep 2023−2.4 pp

Dec 2023−6.0 pp

Mar 2024−1.7 pp

Jun 2024+3.4 pp

Sep 2024+3.4 pp

Dec 2024+6.9 pp

Mar 20250.0 pp

Jun 20250.0 pp

Sep 2025+1.2 pp

Dec 2025−1.6 pp

Mar 2026−5.9 pp

Jun 2026—

Moody's Corporation · MCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.7 pp

Dec 2022−1.5 pp

Mar 2023−0.2 pp

Jun 2023+0.1 pp

Sep 2023+0.7 pp

Dec 2023+1.0 pp

Mar 2024+0.4 pp

Jun 2024+1.1 pp

Sep 2024+0.7 pp

Dec 2024+0.2 pp

Mar 2025+0.3 pp

Jun 20250.0 pp

Sep 2025+0.7 pp

Dec 2025+1.6 pp

Mar 2026+0.3 pp

Jun 2026+1.2 pp

Morningstar, Inc. · MORN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.5 pp

Dec 2022−1.8 pp

Mar 2023−3.8 pp

Jun 20230.0 pp

Sep 2023−0.9 pp

Dec 2023+2.1 pp

Mar 2024+4.3 pp

Jun 2024+1.1 pp

Sep 2024+1.2 pp

Dec 2024+1.5 pp

Mar 2025+0.4 pp

Jun 2025+0.3 pp

Sep 20250.0 pp

Dec 2025−0.4 pp

Mar 2026+0.7 pp

Jun 2026+0.3 pp

MSCI Inc. · MSCI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.1 pp

Dec 2022+0.2 pp

Mar 2023−0.1 pp

Jun 2023+0.7 pp

Sep 2023+1.0 pp

Dec 2023+1.3 pp

Mar 20240.0 pp

Jun 2024+0.1 pp

Sep 2024+0.1 pp

Dec 2024+0.1 pp

Mar 2025+0.5 pp

Jun 2025+0.4 pp

Sep 2025+0.7 pp

Dec 2025−0.1 pp

Mar 2026+2.7 pp

Jun 2026+1.0 pp

Nasdaq, Inc. · NDAQ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.2 pp

Dec 2022−0.2 pp

Mar 2023−0.1 pp

Jun 2023−0.3 pp

Sep 2023−0.1 pp

Dec 2023−0.4 pp

Mar 2024−0.3 pp

Jun 2024−0.3 pp

Sep 20240.0 pp

Dec 2024+0.4 pp

Mar 2025+0.3 pp

Jun 2025+0.5 pp

Sep 2025+0.1 pp

Dec 2025+0.5 pp

Mar 2026+0.2 pp

Jun 2026+0.4 pp

S&P Global Inc. · SPGI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−5.0 pp

Dec 2022−3.9 pp

Mar 2023−1.9 pp

Jun 2023−1.9 pp

Sep 2023−0.4 pp

Dec 2023−0.3 pp

Mar 2024+0.4 pp

Jun 2024+0.9 pp

Sep 2024+0.4 pp

Dec 2024+0.5 pp

Mar 2025+0.2 pp

Jun 2025+0.1 pp

Sep 2025+0.4 pp

Dec 2025+0.4 pp

Mar 2026+0.6 pp

Jun 2026+0.2 pp

TransUnion · TRU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.4 pp

Dec 2022−0.2 pp

Mar 20230.0 pp

Jun 2023−0.5 pp

Sep 2023−3.5 pp

Dec 2023−1.5 pp

Mar 2024+0.3 pp

Jun 2024+0.2 pp

Sep 2024+3.2 pp

Dec 2024+2.0 pp

Mar 2025+0.6 pp

Jun 20250.0 pp

Sep 2025+0.2 pp

Dec 2025+0.3 pp

Mar 2026+0.2 pp

Jun 2026+0.4 pp

09 · compare level, then change

ROE — Leaders & Improvers

Moody's Corporation has the highest ROE among the 14 Financial Data & Stock Exchanges companies compared here, at 24.2%. Morningstar, Inc. is next at 8.2%. MSCI Inc. has the highest ROE change at +18.4 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Moody's Corporation leads roe at 24.2%; MSCI Inc. leads roe change at +18.4 percentage points.

LeaderMoody's Corporation · 24.2%

Gap195.1% versus #2 · Morningstar, Inc.

Persistence5/8 recent comparable periods

Coverage14/14 companies · 257 observations

Investor read: Moody's Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.

ROEhighest

1Moody's Corporation MCO24%

2Morningstar, Inc. MORN8.2%

3Cboe Global Markets, Inc. CBOE7.9%

4FactSet Research Systems Inc. FDS6.1%

5Value Line, Inc. VALU5.7%

ROE changefastest improvers

1MSCI Inc. MSCI+18.4 pp

2Moody's Corporation MCO+9.8 pp

3MarketWise, Inc. MKTW+7.1 pp

4Morningstar, Inc. MORN+2.4 pp

5Cboe Global Markets, Inc. CBOE+2.0 pp

Return on equity · company comparison

14/14 level · 14/14 change

All-company data · latest reported quarter

Company	ROE	ROE change	Reported
Moody's Corporation MCO	24%	+9.8 pp	Jun 2026
Morningstar, Inc. MORN	8.2%	+2.4 pp	Jun 2026
Cboe Global Markets, Inc. CBOE	7.9%	+2.0 pp	Mar 2026
FactSet Research Systems Inc. FDS	6.1%	−1.2 pp	Jun 2026
Value Line, Inc. VALU	5.7%	+0.2 pp	Mar 2026
Nasdaq, Inc. NDAQ	4.3%	+0.3 pp	Jun 2026
CME Group Inc. CME	3.8%	+0.1 pp	Jun 2026
S&P Global Inc. SPGI	3.5%	+0.5 pp	Jun 2026
Intercontinental Exchange, Inc. ICE	3.4%	+0.3 pp	Jun 2026
TransUnion TRU	3.0%	+0.5 pp	Jun 2026
MarketWise, Inc. MKTW	0.2%	+7.1 pp	Mar 2026
Coinbase Global, Inc. COIN	-2.9%	−16.9 pp	Jun 2026
MSCI Inc. MSCI	-19%	+18.4 pp	Jun 2026
Securitize Corp. SECZ	-87%	—	Mar 2026

Full 20-quarter history · every available company

ROE · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cboe Global Markets, Inc. · CBOE

Sep 20213.5%

Dec 20214.8%

Mar 20223.1%

Jun 2022-5.5%

Sep 20224.4%

Dec 20224.5%

Mar 20234.9%

Jun 20234.8%

Sep 20235.9%

Dec 20235.7%

Mar 20245.5%

Jun 20243.7%

Sep 20245.5%

Dec 20244.8%

Mar 20255.9%

Jun 20255.4%

Sep 20256.6%

Dec 20256.7%

Mar 20267.9%

Jun 2026—

CME Group Inc. · CME

Sep 20213.4%

Dec 20212.3%

Mar 20222.6%

Jun 20222.4%

Sep 20222.4%

Dec 20222.4%

Mar 20233.2%

Jun 20232.8%

Sep 20232.7%

Dec 20233.0%

Mar 20243.1%

Jun 20243.2%

Sep 20243.2%

Dec 20243.3%

Mar 20253.5%

Jun 20253.7%

Sep 20253.2%

Dec 20254.3%

Mar 20264.2%

Jun 20263.8%

Coinbase Global, Inc. · COIN

Sep 202113%

Dec 202123%

Mar 2022-9.8%

Jun 2022-21%

Sep 2022-9.9%

Dec 2022-9.4%

Mar 2023-1.3%

Jun 2023-1.7%

Sep 20230.0%

Dec 20234.7%

Mar 202417%

Jun 20240.5%

Sep 20241.0%

Dec 202416%

Mar 20250.7%

Jun 202514%

Sep 20253.5%

Dec 2025-5.3%

Mar 2026-3.3%

Jun 2026-2.9%

FactSet Research Systems Inc. · FDS

Sep 2021—

Dec 202111%

Mar 202210%

Jun 20226.5%

Sep 20228.9%

Dec 202211%

Mar 20239.3%

Jun 20239.2%

Sep 20234.4%

Dec 20239.4%

Mar 20248.3%

Jun 20248.9%

Sep 20245.1%

Dec 20248.1%

Mar 20257.5%

Jun 20257.3%

Sep 20257.5%

Dec 20257.3%

Mar 20266.4%

Jun 20266.1%

Intercontinental Exchange, Inc. · ICE

Sep 20213.1%

Dec 20217.2%

Mar 20223.1%

Jun 20222.6%

Sep 2022-0.8%

Dec 20221.9%

Mar 20232.9%

Jun 20233.5%

Sep 20232.3%

Dec 20231.6%

Mar 20243.2%

Jun 20242.5%

Sep 20242.5%

Dec 20242.7%

Mar 20253.0%

Jun 20253.1%

Sep 20253.0%

Dec 20253.0%

Mar 20265.0%

Jun 20263.4%

Moody's Corporation · MCO

Sep 202122%

Dec 202118%

Mar 202221%

Jun 202214%

Sep 202212%

Dec 20228.8%

Mar 202318%

Jun 202313%

Sep 202314%

Dec 202311%

Mar 202417%

Jun 202415%

Sep 202414%

Dec 202411%

Mar 202517%

Jun 202514%

Sep 202516%

Dec 202515%

Mar 202619%

Jun 202624%

Morningstar, Inc. · MORN

Sep 20213.8%

Dec 20214.2%

Mar 20223.4%

Jun 20222.3%

Sep 2022-0.7%

Dec 20220.3%

Mar 2023-0.6%

Jun 20232.9%

Sep 20233.2%

Dec 20235.8%

Mar 20245.0%

Jun 20245.2%

Sep 20248.5%

Dec 20247.9%

Mar 20255.2%

Jun 20255.8%

Sep 20255.9%

Dec 20258.1%

Mar 20268.2%

Jun 20268.2%

MSCI Inc. · MSCI

Sep 2021-51%

Dec 2021-64%

Mar 2022-34%

Jun 2022-30%

Sep 2022-32%

Dec 2022-37%

Mar 2023-27%

Jun 2023-22%

Sep 2023-24%

Dec 2023-46%

Mar 2024-33%

Jun 2024-28%

Sep 2024-31%

Dec 2024-36%

Mar 2025-36%

Jun 2025-38%

Sep 2025-24%

Dec 2025-16%

Mar 2026-22%

Jun 2026-19%

Nasdaq, Inc. · NDAQ

Sep 20214.7%

Dec 20214.0%

Mar 20224.6%

Jun 20224.9%

Sep 20224.8%

Dec 20223.8%

Mar 20234.9%

Jun 20234.4%

Sep 20234.8%

Dec 20232.3%

Mar 20242.7%

Jun 20242.6%

Sep 20243.5%

Dec 20243.2%

Mar 20253.5%

Jun 20254.0%

Sep 20253.7%

Dec 20254.4%

Mar 20264.4%

Jun 20264.3%

S&P Global Inc. · SPGI

Sep 202121%

Dec 202117%

Mar 20225.5%

Jun 20224.5%

Sep 20223.0%

Dec 20222.2%

Mar 20232.1%

Jun 20231.4%

Sep 20232.0%

Dec 20231.7%

Mar 20242.7%

Jun 20242.8%

Sep 20242.7%

Dec 20242.6%

Mar 20253.1%

Jun 20253.0%

Sep 20253.3%

Dec 20253.3%

Mar 20264.1%

Jun 20263.5%

Securitize Corp. · SECZ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025-87%

Mar 2026—

Jun 2026—

TransUnion · TRU

Sep 20213.6%

Dec 20211.1%

Mar 20221.5%

Jun 20222.8%

Sep 20222.2%

Dec 20220.8%

Mar 20231.3%

Jun 20231.3%

Sep 2023-7.6%

Dec 20230.2%

Mar 20241.6%

Jun 20242.1%

Sep 20241.7%

Dec 20241.7%

Mar 20253.5%

Jun 20252.5%

Sep 20252.2%

Dec 20252.4%

Mar 20268.5%

Jun 20263.0%

ROE change · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cboe Global Markets, Inc. · CBOE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.9 pp

Dec 2022−0.3 pp

Mar 2023+1.8 pp

Jun 2023+10.3 pp

Sep 2023+1.5 pp

Dec 2023+1.2 pp

Mar 2024+0.6 pp

Jun 2024−1.1 pp

Sep 2024−0.4 pp

Dec 2024−0.9 pp

Mar 2025+0.4 pp

Jun 2025+1.7 pp

Sep 2025+1.1 pp

Dec 2025+1.9 pp

Mar 2026+2.0 pp

Jun 2026—

CME Group Inc. · CME

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.0 pp

Dec 2022+0.1 pp

Mar 2023+0.6 pp

Jun 2023+0.4 pp

Sep 2023+0.3 pp

Dec 2023+0.6 pp

Mar 2024−0.1 pp

Jun 2024+0.4 pp

Sep 2024+0.5 pp

Dec 2024+0.3 pp

Mar 2025+0.4 pp

Jun 2025+0.5 pp

Sep 20250.0 pp

Dec 2025+1.0 pp

Mar 2026+0.7 pp

Jun 2026+0.1 pp

Coinbase Global, Inc. · COIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−22.7 pp

Dec 2022−32.3 pp

Mar 2023+8.5 pp

Jun 2023+19.3 pp

Sep 2023+9.9 pp

Dec 2023+14.1 pp

Mar 2024+18.4 pp

Jun 2024+2.2 pp

Sep 2024+1.0 pp

Dec 2024+10.9 pp

Mar 2025−16.4 pp

Jun 2025+13.5 pp

Sep 2025+2.5 pp

Dec 2025−20.9 pp

Mar 2026−4.0 pp

Jun 2026−16.9 pp

FactSet Research Systems Inc. · FDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.1 pp

Mar 2023−0.7 pp

Jun 2023+2.7 pp

Sep 2023−4.5 pp

Dec 2023−1.2 pp

Mar 2024−1.0 pp

Jun 2024−0.3 pp

Sep 2024+0.7 pp

Dec 2024−1.3 pp

Mar 2025−0.8 pp

Jun 2025−1.6 pp

Sep 2025+2.4 pp

Dec 2025−0.8 pp

Mar 2026−1.1 pp

Jun 2026−1.2 pp

Intercontinental Exchange, Inc. · ICE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−3.9 pp

Dec 2022−5.3 pp

Mar 2023−0.2 pp

Jun 2023+0.9 pp

Sep 2023+3.1 pp

Dec 2023−0.3 pp

Mar 2024+0.3 pp

Jun 2024−1.0 pp

Sep 2024+0.2 pp

Dec 2024+1.1 pp

Mar 2025−0.2 pp

Jun 2025+0.6 pp

Sep 2025+0.5 pp

Dec 2025+0.3 pp

Mar 2026+2.0 pp

Jun 2026+0.3 pp

MarketWise, Inc. · MKTW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−58.1 pp

Dec 2022−2.4 pp

Mar 2023−209.0 pp

Jun 2023+16.0 pp

Sep 2023+0.1 pp

Dec 2023+7.2 pp

Mar 2024+16.5 pp

Jun 2024−5.0 pp

Sep 2024−5.0 pp

Dec 2024−9.8 pp

Mar 2025+1.6 pp

Jun 2025+2.0 pp

Sep 2025+1.6 pp

Dec 2025+3.9 pp

Mar 2026+7.1 pp

Jun 2026—

Moody's Corporation · MCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−10.0 pp

Dec 2022−9.5 pp

Mar 2023−2.9 pp

Jun 2023−0.5 pp

Sep 2023+1.5 pp

Dec 2023+2.2 pp

Mar 2024−0.8 pp

Jun 2024+2.3 pp

Sep 2024+0.9 pp

Dec 20240.0 pp

Mar 2025−0.5 pp

Jun 2025−0.9 pp

Sep 2025+1.4 pp

Dec 2025+4.4 pp

Mar 2026+2.4 pp

Jun 2026+9.8 pp

Morningstar, Inc. · MORN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−4.5 pp

Dec 2022−3.9 pp

Mar 2023−4.0 pp

Jun 2023+0.6 pp

Sep 2023+3.9 pp

Dec 2023+5.5 pp

Mar 2024+5.6 pp

Jun 2024+2.3 pp

Sep 2024+5.3 pp

Dec 2024+2.1 pp

Mar 2025+0.2 pp

Jun 2025+0.6 pp

Sep 2025−2.6 pp

Dec 2025+0.2 pp

Mar 2026+3.0 pp

Jun 2026+2.4 pp

MSCI Inc. · MSCI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+19.1 pp

Dec 2022+27.2 pp

Mar 2023+6.8 pp

Jun 2023+8.0 pp

Sep 2023+7.5 pp

Dec 2023−9.5 pp

Mar 2024−6.2 pp

Jun 2024−5.5 pp

Sep 2024−6.8 pp

Dec 2024+9.8 pp

Mar 2025−2.9 pp

Jun 2025−9.8 pp

Sep 2025+6.8 pp

Dec 2025+20.6 pp

Mar 2026+14.1 pp

Jun 2026+18.4 pp

Nasdaq, Inc. · NDAQ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.1 pp

Dec 2022−0.2 pp

Mar 2023+0.3 pp

Jun 2023−0.5 pp

Sep 20230.0 pp

Dec 2023−1.5 pp

Mar 2024−2.2 pp

Jun 2024−1.8 pp

Sep 2024−1.3 pp

Dec 2024+0.9 pp

Mar 2025+0.8 pp

Jun 2025+1.4 pp

Sep 2025+0.2 pp

Dec 2025+1.2 pp

Mar 2026+0.9 pp

Jun 2026+0.3 pp

S&P Global Inc. · SPGI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−18.2 pp

Dec 2022−14.4 pp

Mar 2023−3.4 pp

Jun 2023−3.1 pp

Sep 2023−1.0 pp

Dec 2023−0.5 pp

Mar 2024+0.6 pp

Jun 2024+1.4 pp

Sep 2024+0.7 pp

Dec 2024+0.9 pp

Mar 2025+0.4 pp

Jun 2025+0.2 pp

Sep 2025+0.6 pp

Dec 2025+0.7 pp

Mar 2026+1.0 pp

Jun 2026+0.5 pp

TransUnion · TRU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.4 pp

Dec 2022−0.3 pp

Mar 2023−0.2 pp

Jun 2023−1.5 pp

Sep 2023−9.8 pp

Dec 2023−0.6 pp

Mar 2024+0.3 pp

Jun 2024+0.8 pp

Sep 2024+9.3 pp

Dec 2024+1.5 pp

Mar 2025+1.9 pp

Jun 2025+0.4 pp

Sep 2025+0.5 pp

Dec 2025+0.7 pp

Mar 2026+5.0 pp

Jun 2026+0.5 pp

10 · not available

Gross NPA — Leaders & Improvers

No company in this Financial Data & Stock Exchanges comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 14 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

11 · compare level, then change

Valuation Against Growth & Quality

Value Line, Inc. has the lowest P/BV ÷ ROE among the 14 Financial Data & Stock Exchanges companies compared here, at 0.57×. Cboe Global Markets, Inc. is next at 0.69×. MSCI Inc. has the lowest P/BV at -15.1×, so level and change sit with different companies. 10 of 14 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Value Line, Inc. has the lowest comparable P/BV ÷ ROE at 0.57×, 17.4% below Cboe Global Markets, Inc.. Only 10 of 14 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderValue Line, Inc. · 0.57×

Gap17.4% versus #2 · Cboe Global Markets, Inc.

Persistence0/8 recent comparable periods

Coverage10/14 companies · 203 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.

P/BV ÷ ROElowest return-adjusted price

1Value Line, Inc. VALU0.6

2Cboe Global Markets, Inc. CBOE0.7

3Intercontinental Exchange, Inc. ICE0.7

4FactSet Research Systems Inc. FDS0.7

5Morningstar, Inc. MORN0.8

P/BVlowest P/BV

1MSCI Inc. MSCI-15.1

2Securitize Corp. SECZ-8.2

3MarketWise, Inc. MKTW-3.9

4Intercontinental Exchange, Inc. ICE2.3

5TransUnion TRU2.9

Valuation · company comparison

10/14 level · 14/14 change

All-company data · latest reported quarter

Company	P/BV ÷ ROE	P/BV	Reported
Coinbase Global, Inc. COIN	1.6	3.0	Jun 2026
S&P Global Inc. SPGI	1.1	3.8	Jun 2026
Moody's Corporation MCO	1.1	25.9	Jun 2026
TransUnion TRU	1.0	2.9	Jun 2026
Nasdaq, Inc. NDAQ	0.9	3.7	Jun 2026
CME Group Inc. CME	0.8	3.0	Jun 2026
Morningstar, Inc. MORN	0.8	6.2	Jun 2026
FactSet Research Systems Inc. FDS	0.7	4.3	Jun 2026
Intercontinental Exchange, Inc. ICE	0.7	2.3	Jun 2026
Cboe Global Markets, Inc. CBOE	0.7	5.5	Mar 2026
Value Line, Inc. VALU	0.6	3.3	Mar 2026
MarketWise, Inc. MKTW	0.0	-3.9	Mar 2026
MSCI Inc. MSCI	—	-15.1	Jun 2026
Securitize Corp. SECZ	—	-8.2	Mar 2026

Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Cboe Global Markets, Inc. · CBOE

Sep 20211.1

Dec 20210.8

Mar 20221.1

Jun 2022—

Sep 20220.9

Dec 20220.9

Mar 20230.8

Jun 20230.8

Sep 20230.7

Dec 20230.8

Mar 20240.9

Jun 20241.2

Sep 20240.9

Dec 20241.0

Mar 20250.9

Jun 20251.0

Sep 20250.8

Dec 20250.8

Mar 20260.7

Jun 2026—

CME Group Inc. · CME

Sep 20210.8

Dec 20211.3

Mar 20221.2

Jun 20221.1

Sep 20220.9

Dec 20220.9

Mar 20230.8

Jun 20230.9

Sep 20231.0

Dec 20230.9

Mar 20240.9

Jun 20240.8

Sep 20240.9

Dec 20241.0

Mar 20251.0

Jun 20251.0

Sep 20251.1

Dec 20250.8

Mar 20261.0

Jun 20260.8

Coinbase Global, Inc. · COIN

Sep 20210.7

Dec 20210.4

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20231.4

Mar 20240.5

Jun 202413.2

Sep 20245.1

Dec 20240.4

Mar 20256.0

Jun 20250.5

Sep 20251.6

Dec 2025—

Mar 2026—

Jun 2026—

FactSet Research Systems Inc. · FDS

Sep 2021—

Dec 20211.5

Mar 20221.3

Jun 20221.8

Sep 20221.4

Dec 20221.1

Mar 20231.1

Jun 20231.0

Sep 20232.3

Dec 20231.1

Mar 20241.2

Jun 20240.9

Sep 20241.7

Dec 20241.2

Mar 20251.1

Jun 20251.1

Sep 20250.9

Dec 20250.7

Mar 20260.6

Jun 20260.7

Intercontinental Exchange, Inc. · ICE

Sep 20211.0

Dec 20210.5

Mar 20221.1

Jun 20220.9

Sep 2022—

Dec 20221.3

Mar 20230.9

Jun 20230.8

Sep 20231.1

Dec 20231.8

Mar 20240.9

Jun 20241.2

Sep 20241.4

Dec 20241.1

Mar 20251.2

Jun 20251.2

Sep 20251.1

Dec 20251.1

Mar 20260.6

Jun 20260.7

MarketWise, Inc. · MKTW

Sep 2021—

Dec 2021—

Mar 20220.0

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Moody's Corporation · MCO

Sep 20211.2

Dec 20211.5

Mar 20221.3

Jun 20221.6

Sep 20221.7

Dec 20222.3

Mar 20231.1

Jun 20231.6

Sep 20231.3

Dec 20232.0

Mar 20241.2

Jun 20241.3

Sep 20241.5

Dec 20242.2

Mar 20251.4

Jun 20251.6

Sep 20251.4

Dec 20251.5

Mar 20261.4

Jun 20261.1

Morningstar, Inc. · MORN

Sep 20212.1

Dec 20212.5

Mar 20222.6

Jun 20223.9

Sep 2022—

Dec 202225.4

Mar 2023—

Jun 20232.3

Sep 20232.5

Dec 20231.6

Mar 20241.9

Jun 20241.7

Sep 20241.0

Dec 20241.2

Mar 20251.6

Jun 20251.5

Sep 20251.1

Dec 20250.9

Mar 20260.8

Jun 20260.8

Nasdaq, Inc. · NDAQ

Sep 20211.1

Dec 20211.4

Mar 20221.1

Jun 20220.9

Sep 20221.0

Dec 20221.3

Mar 20230.9

Jun 20230.9

Sep 20230.8

Dec 20231.3

Mar 20241.2

Jun 20241.2

Sep 20241.1

Dec 20241.2

Mar 20251.1

Jun 20251.1

Sep 20251.1

Dec 20251.0

Mar 20260.9

Jun 20260.9

S&P Global Inc. · SPGI

Sep 20212.6

Dec 20213.4

Mar 20220.6

Jun 20220.6

Sep 20220.9

Dec 20221.3

Mar 20231.5

Jun 20232.6

Sep 20231.6

Dec 20232.4

Mar 20241.4

Jun 20241.4

Sep 20241.8

Dec 20241.8

Mar 20251.5

Jun 20251.6

Sep 20251.4

Dec 20251.5

Mar 20261.0

Jun 20261.1

TransUnion · TRU

Sep 20212.1

Dec 20215.3

Mar 20223.3

Jun 20221.4

Sep 20221.3

Dec 20223.3

Mar 20232.2

Jun 20232.7

Sep 2023—

Dec 202316.6

Mar 20242.4

Jun 20241.7

Sep 20242.9

Dec 20242.5

Mar 20251.1

Jun 20251.5

Sep 20251.7

Dec 20251.6

Mar 20260.3

Jun 20261.0

Value Line, Inc. · VALU

Sep 20210.5

Dec 20210.3

Mar 20220.9

Jun 20221.5

Sep 20221.8

Dec 20221.2

Mar 20230.9

Jun 20231.1

Sep 20231.0

Dec 20231.1

Mar 20240.7

Jun 20240.7

Sep 20240.7

Dec 20240.8

Mar 20250.7

Jun 20250.9

Sep 20250.5

Dec 20250.6

Mar 20260.6

Jun 2026—

P/BV · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cboe Global Markets, Inc. · CBOE

Sep 20213.8

Dec 20213.9

Mar 20223.4

Jun 20223.7

Sep 20223.8

Dec 20223.8

Mar 20234.0

Jun 20234.0

Sep 20234.4

Dec 20234.7

Mar 20244.8

Jun 20244.4

Sep 20245.1

Dec 20244.8

Mar 20255.3

Jun 20255.2

Sep 20255.3

Dec 20255.1

Mar 20265.5

Jun 2026—

CME Group Inc. · CME

Sep 20212.6

Dec 20213.0

Mar 20223.1

Jun 20222.6

Sep 20222.3

Dec 20222.3

Mar 20232.5

Jun 20232.4

Sep 20232.6

Dec 20232.8

Mar 20242.9

Jun 20242.6

Sep 20242.8

Dec 20243.2

Mar 20253.5

Jun 20253.6

Sep 20253.5

Dec 20253.4

Mar 20264.0

Jun 20263.0

Coinbase Global, Inc. · COIN

Sep 20219.1

Dec 20218.6

Mar 20226.5

Jun 20221.8

Sep 20222.6

Dec 20221.5

Mar 20232.8

Jun 20233.0

Sep 20233.0

Dec 20236.7

Mar 20248.1

Jun 20246.6

Sep 20245.1

Dec 20246.1

Mar 20254.2

Jun 20257.4

Sep 20255.7

Dec 20254.1

Mar 20263.4

Jun 20263.0

FactSet Research Systems Inc. · FDS

Sep 2021—

Dec 202116.1

Mar 202212.7

Jun 202211.4

Sep 202212.4

Dec 202212.0

Mar 20239.9

Jun 20238.8

Sep 202310.2

Dec 202310.2

Mar 20249.8

Jun 20248.1

Sep 20248.4

Dec 20249.4

Mar 20258.5

Jun 20258.1

Sep 20256.4

Dec 20254.8

Mar 20263.7

Jun 20264.3

Intercontinental Exchange, Inc. · ICE

Sep 20213.0

Dec 20213.4

Mar 20223.3

Jun 20222.3

Sep 20222.3

Dec 20222.5

Mar 20232.5

Jun 20232.7

Sep 20232.5

Dec 20232.9

Mar 20243.0

Jun 20242.9

Sep 20243.4

Dec 20243.1

Mar 20253.5

Jun 20253.7

Sep 20253.4

Dec 20253.2

Mar 20263.0

Jun 20262.3

Moody's Corporation · MCO

Sep 202127.2

Dec 202126.6

Mar 202226.0

Jun 202221.8

Sep 202219.8

Dec 202220.3

Mar 202319.4

Jun 202320.3

Sep 202318.1

Dec 202321.5

Mar 202420.1

Jun 202420.3

Sep 202422.0

Dec 202423.9

Mar 202522.7

Jun 202522.8

Sep 202521.5

Dec 202522.4

Mar 202625.5

Jun 202625.9

Morningstar, Inc. · MORN

Sep 20218.1

Dec 202110.4

Mar 20229.0

Jun 20228.9

Sep 20227.7

Dec 20227.6

Mar 20237.2

Jun 20236.8

Sep 20238.0

Dec 20239.2

Mar 20249.5

Jun 20248.8

Sep 20248.7

Dec 20249.6

Mar 20258.5

Jun 20258.5

Sep 20256.7

Dec 20257.5

Mar 20266.8

Jun 20266.2

MSCI Inc. · MSCI

Sep 2021-179.1

Dec 2021-309.0

Mar 2022-46.4

Jun 2022-32.3

Sep 2022-31.4

Dec 2022-36.9

Mar 2023-49.7

Jun 2023-31.1

Sep 2023-38.7

Dec 2023-60.5

Mar 2024-68.3

Jun 2024-51.7

Sep 2024-60.8

Dec 2024-49.6

Mar 2025-45.8

Jun 2025-50.4

Sep 2025-22.3

Dec 2025-15.9

Mar 2026-14.2

Jun 2026-15.1

Nasdaq, Inc. · NDAQ

Sep 20215.1

Dec 20215.5

Mar 20224.9

Jun 20224.3

Sep 20224.7

Dec 20224.9

Mar 20234.3

Jun 20233.9

Sep 20233.7

Dec 20233.1

Mar 20243.4

Jun 20243.2

Sep 20243.8

Dec 20244.0

Mar 20253.8

Jun 20254.4

Sep 20254.2

Dec 20254.5

Mar 20264.0

Jun 20263.7

S&P Global Inc. · SPGI

Sep 202155.5

Dec 202156.0

Mar 20223.5

Jun 20222.9

Sep 20222.7

Dec 20223.0

Mar 20233.1

Jun 20233.6

Sep 20233.3

Dec 20234.1

Mar 20243.9

Jun 20244.0

Sep 20244.7

Dec 20244.6

Mar 20254.7

Jun 20254.8

Sep 20254.5

Dec 20255.0

Mar 20264.0

Jun 20263.8

Securitize Corp. · SECZ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025-23.1

Mar 2026-8.2

Jun 2026—

TransUnion · TRU

Sep 20217.5

Dec 20215.8

Mar 20224.9

Jun 20223.8

Sep 20222.8

Dec 20222.6

Mar 20232.8

Jun 20233.5

Sep 20233.5

Dec 20233.3

Mar 20243.8

Jun 20243.5

Sep 20244.8

Dec 20244.3

Mar 20253.7

Jun 20253.8

Sep 20253.6

Dec 20253.7

Mar 20262.8

Jun 20262.9

12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Financial Data & Stock Exchanges comparison names 6 specific ways its own evidence can mislead, all listed below. All 14 companies here report on comparable dates, so no rank carries a stale marker. 2 of the 7 ranked sections have fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.

13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 14 Financial Data & Stock Exchanges companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-08-04 · weekly price and relative-strength history

Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

14 · questions investors ask, short speakable answers

Financial Data & Stock Exchanges company comparison FAQs

These 21 answers restate the Financial Data & Stock Exchanges comparison above in question form. Every one is computed from the same 14 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Financial Data & Stock Exchanges sector outperforming S&P 500?

Which Financial Data & Stock Exchanges company is largest by income?

Cboe Global Markets, Inc. leads with income of $4,793 million, based on 4 of 14 comparable companies through Mar 2026.

Which Financial Data & Stock Exchanges company is growing fastest?

Cboe Global Markets, Inc. has the fastest current income growth at 10.6%, across 4 of 14 comparable companies.

Which Financial Data & Stock Exchanges company has the strongest 4-Factor Sector Score?

Cboe Global Markets, Inc. ranks first at 60.6/100 with 76% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Financial Data & Stock Exchanges company has the lowest comparable P/BV-to-ROE?

Value Line, Inc. has the lowest comparable P/BV ÷ ROE at 0.57, among 10 of 14 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Financial Data & Stock Exchanges comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Which Financial Data & Stock Exchanges company is the biggest?

Cboe Global Markets, Inc. is the largest, with trailing-twelve-month income of $4,793 million, ahead of FactSet Research Systems Inc. at $2,439 million. That covers 4 of 14 companies with comparable reporting through Mar 2026.

Which Financial Data & Stock Exchanges company makes the most profit?

Cboe Global Markets, Inc. earns the most, at $1,236 million of trailing-twelve-month net profit, from 4 of 14 comparable companies. Cboe Global Markets, Inc. has the fastest profit growth at 53.2%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Financial Data & Stock Exchanges company earns the highest return on capital?

MSCI Inc. leads on return on assets at 7.3%, across 14 of 14 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Financial Data & Stock Exchanges stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Value Line, Inc. screens cheapest at 0.57×. Only 10 of 14 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Financial Data & Stock Exchanges sector beating the market?

Financial Data & Stock Exchanges has underperformed S&P 500 by 25.4% over the last 52 weeks and 5.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 14 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Financial Data & Stock Exchanges stock has the strongest price momentum?

MarketWise, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Financial Data & Stock Exchanges company scores highest for research priority?

Cboe Global Markets, Inc. scores 60.6 out of 100 with 76% evidence confidence, from 25.4 points on growth and earnings, 16.6 on capital efficiency, 7 on valuation and 11.6 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Financial Data & Stock Exchanges companies does this comparison cover, and over what period?

It compares 14 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Financial Data & Stock Exchanges sector?

The 14 Financial Data & Stock Exchanges companies on this page carry $582,192 million of combined market value. S&P Global Inc. is the largest at $121,603 million, about 21% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

What is the Financial Data & Stock Exchanges sector's P/B ratio?

The median price-to-book ratio across the 14 Financial Data & Stock Exchanges companies on this page is 3.7×, measured on the 11 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

How is the Financial Data & Stock Exchanges sector performing?

1 of the 14 covered Financial Data & Stock Exchanges companies are beating S&P 500 on Mansfield relative strength. The sector itself is 25.4% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

How many Financial Data & Stock Exchanges stocks are listed in the US?

This comparison covers 14 listed Financial Data & Stock Exchanges companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.