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U.S. Financial Exchanges and Data Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies34
  • 7D-4.2%
  • 3M-7.2%
  • 1Y8.2%
  • YTDn/a

Over the last 7 days, the Financial Exchanges and Data industry has dropped 4.2%, driven by a pullback from S&P Global of 9.8%. On the other hand Bullish is actually up 24%. Over the past 12 months, the industry was up 8.2%. Earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

Has the U.S. Financial Exchanges and Data Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Sep 2025US$657.8bUS$333.4bUS$19.6b25.6x33.6x2x
Sun, 24 Aug 2025US$705.9bUS$324.3bUS$19.3b27.5x36.6x2.2x
Tue, 22 Jul 2025US$710.8bUS$71.5bUS$17.5b30.4x40.7x9.9x
Thu, 19 Jun 2025US$652.0bUS$71.5bUS$17.5b29.7x37.3x9.1x
Sat, 17 May 2025US$655.4bUS$71.5bUS$17.5b31x37.4x9.2x
Mon, 14 Apr 2025US$584.9bUS$69.4bUS$18.1b29.6x32.2x8.4x
Wed, 12 Mar 2025US$605.5bUS$67.8bUS$18.2b29x33.3x8.9x
Fri, 07 Feb 2025US$642.1bUS$65.1bUS$16.9b33.1x37.9x9.9x
Sun, 05 Jan 2025US$623.1bUS$64.4bUS$16.4b33.5x38x9.7x
Tue, 03 Dec 2024US$655.5bUS$62.5bUS$16.4b35.1x40x10.5x
Thu, 31 Oct 2024US$610.6bUS$61.2bUS$16.2b33.8x37.8x10x
Sat, 28 Sep 2024US$597.5bUS$59.6bUS$15.5b32.3x38.5x10x
Mon, 26 Aug 2024US$595.4bUS$59.6bUS$15.5b32.2x38.4x10x
Wed, 24 Jul 2024US$582.2bUS$56.7bUS$14.8b32.6x39.5x10.3x
Fri, 21 Jun 2024US$536.9bUS$56.6bUS$14.7b31.8x36.4x9.5x
Sun, 19 May 2024US$546.1bUS$56.7bUS$14.8b33x37x9.6x
Tue, 16 Apr 2024US$532.0bUS$53.7bUS$13.0b32.3x41x9.9x
Thu, 14 Mar 2024US$547.9bUS$53.4bUS$12.9b33.4x42.5x10.3x
Sat, 10 Feb 2024US$517.9bUS$52.7bUS$11.7b32.8x44.4x9.8x
Mon, 08 Jan 2024US$502.8bUS$51.9bUS$11.6b29.8x43.3x9.7x
Wed, 06 Dec 2023US$500.1bUS$51.9bUS$11.6b29.1x43.1x9.6x
Fri, 03 Nov 2023US$426.8bUS$51.7bUS$10.6b26.5x40.4x8.3x
Sun, 01 Oct 2023US$424.9bUS$51.0bUS$9.5b28.4x44.9x8.3x
Tue, 29 Aug 2023US$442.6bUS$51.4bUS$9.4b29.4x47.2x8.6x
Thu, 27 Jul 2023US$462.6bUS$51.0bUS$8.3b30.1x56x9.1x
Sat, 24 Jun 2023US$422.6bUS$50.9bUS$8.1b27.7x51.9x8.3x
Mon, 22 May 2023US$411.8bUS$50.9bUS$8.1b29.7x50.9x8.1x
Wed, 19 Apr 2023US$414.5bUS$50.4bUS$8.1b30.3x51.4x8.2x
Fri, 17 Mar 2023US$401.5bUS$50.4bUS$9.1b29.5x44.1x8x
Sun, 12 Feb 2023US$418.2bUS$52.3bUS$10.7b31.2x38.9x8x
Tue, 10 Jan 2023US$399.6bUS$51.5bUS$12.2b27.1x32.7x7.8x
Thu, 08 Dec 2022US$400.9bUS$51.3bUS$12.2b26x32.9x7.8x
Sat, 05 Nov 2022US$375.4bUS$51.8bUS$13.3b25.3x28.2x7.2x
Mon, 03 Oct 2022US$367.2bUS$51.0bUS$14.8b24.5x24.8x7.2x
Price to Earnings Ratio

24.8x


Total Market Cap: US$367.2bTotal Earnings: US$14.8bTotal Revenue: US$51.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Financial Exchanges and Data Industry Price to Earnings3Y Average 40x202320242025
Current Industry PE
  • Investors are pessimistic on the American Financial Exchanges and Data industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 33.6x which is lower than its 3-year average PE of 40.0x.
  • The 3-year average PS ratio of 8.8x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Financial Exchanges and Data industry have grown 9.8% per year over the last three years.
  • Revenues for these companies have grown 87% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Financial Exchanges and Data compare with similar industries?

US Market0.26%
Financials-0.58%
Capital Markets-1.34%
Financial Exchanges and Data-4.22%
Investment Banking and Brokerage1.00%
Diversified Capital Markets0.11%
Asset Management-1.93%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BLSH BullishUS$67.5924.4%
+US$1.9b		n/aPS0.04x
CME CME GroupUS$264.430.8%
+US$731.6m		21.6%PE25.6x
CBOE Cboe Global MarketsUS$243.192.6%
+US$651.6m		19.7%PE28.4x
COIN Coinbase GlobalUS$321.770.4%
+US$310.9m		92.6%PE28.9x
MIAX Miami International HoldingsUS$41.659.2%
+US$302.6m		n/aPE2001.5x

Latest News

CBOE
US$243.19
Cboe Global Markets
7D
2.6%
1Y
19.7%
NDAQ
US$87.15
Nasdaq
7D
-6.4%
1Y
19.3%
MORN
US$237.11
Morningstar
7D
-4.7%
1Y
-25.2%
BKKT
US$20.00
Bakkt Holdings
7D
106.8%
1Y
116.9%
MCO
US$474.80
Moody's
7D
-7.2%
1Y
-0.3%

Private Credit Evolution And AI Integration Will Shape Market Success

Moody's saw only marginal improvements in both revenue growth and net profit margin forecasts, resulting in the consensus analyst price target rising slightly from $543.40 to $545.50. What's in the News Moody's launched Agentic Solutions, an AI-powered product suite automating and optimizing complex decision-making workflows for regulated industries, enhancing productivity, transparency, and workflow efficiency across finance, risk, and strategy.
COIN
US$321.77
Coinbase Global
7D
0.4%
1Y
92.6%

Blockchain Tokenization Will Expand Markets Though Cybersecurity Risks Persist

Analysts have modestly raised Coinbase’s price target to $370.09, citing improved regulatory clarity, new product and partnership-driven growth opportunities, and cost discipline—though near-term caution remains due to moderating trading volumes and a recent earnings miss. Analyst Commentary Bullish analysts raise price targets due to improving regulatory clarity in the crypto sector, including key policy events and Circle's IPO, which unlocks value through Coinbase's USDC partnership.
FDS
US$286.16
FactSet Research Systems
7D
-14.8%
1Y
-37.5%

Acquisitions Like Irwin And LiquidityBook Will Expand GenAI Services

FactSet’s reduced analyst price target—from $428.38 to $346.44—reflects concerns over margin compression from ongoing investments, intensifying AI-driven competition, muted outlook guidance, and lingering uncertainty about growth reacceleration under the new CEO. Analyst Commentary Bearish analysts cite concerns that FactSet's ongoing investment phase will suppress margins into fiscal 2026, with uncertainty over whether these investments will meaningfully reaccelerate growth or are needed just to maintain competitiveness.
FLD
US$3.71
Fold Holdings
7D
15.6%
1Y
-65.7%
SPGI
US$490.74
S&P Global
7D
-9.8%
1Y
-4.7%
BLSH
US$67.59
Bullish
7D
24.4%
1Y
n/a
TW
US$110.72
Tradeweb Markets
7D
-5.5%
1Y
-8.8%

Automated Trading And Digital Assets Will Drive Global Connectivity

The significant decline in Tradeweb Markets' future P/E multiple, while revenue growth expectations remained steady, suggests improved valuation discipline among analysts and has led to a slight reduction in the consensus price target from $152.13 to $150.27. What's in the News July trading volume reached $55.0 trillion, with average daily volume up 30.7% year-over-year; excluding the ICD acquisition, ADV increased 17.2% year-over-year.
ICE
US$168.05
Intercontinental Exchange
7D
-2.4%
1Y
5.4%
CME
US$264.43
CME Group
7D
0.8%
1Y
21.6%
MSCI
US$566.42
MSCI
7D
-2.1%
1Y
0.7%
MIAX
US$41.65
Miami International Holdings
7D
9.2%
1Y
n/a
LPRO
US$2.48
Open Lending
7D
16.4%
1Y
-59.1%

Open Lending Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next

Aug 11
Open Lending Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next