As of Janaury 2025, the New York Stock Exchange (NYSE) and the Nasdaq - the two largest stock exchange operators in the United States - held a combined market capitalization for domestic listed companies of over ** trillion U.S. dollars. Both markets were almost evenly sized at this point in time - at approximately ** and ** trillion U.S. dollars, respectively. However, the Nasdaq has grown much quicker than the NYSE since January 2018, when their respective domestic market caps were ** and ** trillion U.S. dollars. Much of this can be attributed to the success of information technology stocks during the global coronavirus (COVID-19) pandemic, as the Nasdaq is the traditional venue for companies operating in the tech sector.
Comparison of the New York Stock Exchange (NYSE) and Nasdaq from January 2018 to January 2025, by market capitalization of listed companies
(in trillion U.S. dollars)
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WFE. (March 10, 2025). Comparison of the New York Stock Exchange (NYSE) and Nasdaq from January 2018 to January 2025, by market capitalization of listed companies (in trillion U.S. dollars) [Graph]. In Statista. Retrieved August 20, 2025, from https://www.statista.com/statistics/1277195/nyse-nasdaq-comparison-market-capitalization-listed-companies/
WFE. "Comparison of the New York Stock Exchange (NYSE) and Nasdaq from January 2018 to January 2025, by market capitalization of listed companies (in trillion U.S. dollars)." Chart. March 10, 2025. Statista. Accessed August 20, 2025. https://www.statista.com/statistics/1277195/nyse-nasdaq-comparison-market-capitalization-listed-companies/
WFE. (2025). Comparison of the New York Stock Exchange (NYSE) and Nasdaq from January 2018 to January 2025, by market capitalization of listed companies (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: August 20, 2025. https://www.statista.com/statistics/1277195/nyse-nasdaq-comparison-market-capitalization-listed-companies/
WFE. "Comparison of The New York Stock Exchange (Nyse) and Nasdaq from January 2018 to January 2025, by Market Capitalization of Listed Companies (in Trillion U.S. Dollars)." Statista, Statista Inc., 10 Mar 2025, https://www.statista.com/statistics/1277195/nyse-nasdaq-comparison-market-capitalization-listed-companies/
WFE, Comparison of the New York Stock Exchange (NYSE) and Nasdaq from January 2018 to January 2025, by market capitalization of listed companies (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1277195/nyse-nasdaq-comparison-market-capitalization-listed-companies/ (last visited August 20, 2025)
Comparison of the New York Stock Exchange (NYSE) and Nasdaq from January 2018 to January 2025, by market capitalization of listed companies (in trillion U.S. dollars) [Graph], WFE, March 10, 2025. [Online]. Available: https://www.statista.com/statistics/1277195/nyse-nasdaq-comparison-market-capitalization-listed-companies/