Largest Stock Exchanges by Market Cap (2026)
The 20 largest stock exchanges in the world ranked by market capitalization as of April-May 2026. The Nasdaq leads at $36 trillion, followed by the NYSE at $31 trillion. US exchanges together account for over half of the global market cap among major exchanges.
Data
| # | Stock Exchange | Market Cap (USD tn) |
|---|---|---|
| 1 | Nasdaq (US) | 36.00 |
| 2 | New York Stock Exchange | 31.00 |
| 3 | Shanghai Stock Exchange | 10.21 |
| 4 | Japan Exchange Group (Tokyo) | 7.95 |
| 5 | Euronext | 7.45 |
| 6 | Shenzhen Stock Exchange | 7.30 |
| 7 | Hong Kong Stock Exchange | 6.20 |
| 8 | Bombay Stock Exchange (India) | 5.02 |
| 9 | National Stock Exchange (India) | 5.01 |
| 10 | Taiwan Stock Exchange | 4.97 |
| 11 | Korea Exchange | 4.66 |
| 12 | Toronto Stock Exchange | 4.53 |
| 13 | London Stock Exchange | 3.94 |
| 14 | German Stock Exchange (Deutsche Börse) | 3.06 |
| 15 | Saudi Exchange (Tadawul) | 2.63 |
| 16 | Australian Securities Exchange | 1.97 |
| 17 | SIX Swiss Exchange | 1.79 |
| 18 | Nasdaq Nordic & Baltic | 1.79 |
| 19 | Johannesburg Stock Exchange | 1.53 |
| 20 | B3 (Brazil) | 1.10 |