The New York Stock Exchange (NYSE) is the largest stock exchange in the world, with an equity market capitalization of almost ** trillion U.S. dollars as of November 2025. The following largest three exchanges were the NASDAQ, PINK Exchange, and the Frankfurt Exchange. What is a stock exchange? A stock exchange is a marketplace where stockbrokers, traders, buyers, and sellers can trade in equities products. The largest exchanges have thousands of listed companies. These companies sell shares of their business, giving the general public the opportunity to invest in them. The oldest stock exchange worldwide is the Frankfurt Stock Exchange, founded in the late sixteenth century. Other functions of a stock exchange Since these are publicly traded companies, every firm listed on a stock exchange has had an initial public offering (IPO). The largest IPOs can raise billions of dollars in equity for the firm involved. Related to stock exchanges are derivatives exchanges, where stock options, futures contracts, and other derivatives can be traded.

As of September 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.

Iran Market Capitalization: Tehran Stock Exchange (TSE) data was reported at 1,743.023 USD bn in Sep 2023. This records a decrease from the previous number of 1,761.129 USD bn for Aug 2023. Iran Market Capitalization: Tehran Stock Exchange (TSE) data is updated monthly, averaging 105.978 USD bn from Dec 2005 (Median) to Sep 2023, with 199 observations. The data reached an all-time high of 1,991.152 USD bn in May 2023 and a record low of 33.814 USD bn in Jun 2007. Iran Market Capitalization: Tehran Stock Exchange (TSE) data remains active status in CEIC and is reported by Tehran Stock Exchange. The data is categorized under Global Database’s Iran – Table IR.Z002: Tehran Stock Exchange: Market Capitalization. [COVID-19-IMPACT]

Poland Market Capitalization: WSE: Main Market data was reported at 2,284,911.080 PLN mn in Nov 2025. This records an increase from the previous number of 2,253,049.020 PLN mn for Oct 2025. Poland Market Capitalization: WSE: Main Market data is updated monthly, averaging 968,079.280 PLN mn from Aug 2007 (Median) to Nov 2025, with 220 observations. The data reached an all-time high of 2,284,911.080 PLN mn in Nov 2025 and a record low of 366,221.110 PLN mn in Feb 2009. Poland Market Capitalization: WSE: Main Market data remains active status in CEIC and is reported by Warsaw Stock Exchange. The data is categorized under Global Database’s Poland – Table PL.Z: Warsaw Stock Exchange: Market Capitalization.

The value of global domestic equity market increased from ***** trillion U.S. dollars in 2013 to ****** trillion U.S. dollars in 2024. The United States was by far the leading country with the largest share of total world stocks as of 2024. Global market capitalization in different regions The market capitalization of domestic companies listed varied across different regions of the world. As of Decmber 2024, the Americas region had the largest domestic equity market, totaling ** trillion U.S. dollars. This region is home to the NYSE and Nasdaq, which are the two largest stock exchange operators in the world. The market capitalization of these two exchanges alone exceeded ** billion U.S. dollars as of January 2025, larger than the total market capitalization in the Asia-Pacific, and in the EMEA regions in the same period. Largest Stock Exchanges in Latin America As of December 2024, the B3 (Brasil Bolsa Balcao) was the biggest stock exchange in Latin America in terms of market capitalization and the second-largest in terms of number of listed companies. Following the B3 were the Mexican Stock Exchange and the Santiago Stock Exchange in Chile. The most valuable company in Latin America is listed on the Mexican Stock Exchange: Fomento Económico Mexicano, a multinational beverage and retail company headquartered in Monterrey, had a market cap of *** billion U.S. dollars as of March 2025.

Morocco Market Capitalization: Casablanca Stock Exchange data was reported at 982,401,645,295.000 MAD in Nov 2025. This records a decrease from the previous number of 1,036,571,225,396.000 MAD for Oct 2025. Morocco Market Capitalization: Casablanca Stock Exchange data is updated monthly, averaging 555,944,190,831.020 MAD from Dec 1996 (Median) to Nov 2025, with 348 observations. The data reached an all-time high of 1,055,664,352,219.000 MAD in Aug 2025 and a record low of 11,057,000,000.000 MAD in Mar 1997. Morocco Market Capitalization: Casablanca Stock Exchange data remains active status in CEIC and is reported by Casablanca Stock Exchange. The data is categorized under Global Database’s Morocco – Table MA.Z: Casablanca Stock Exchange: Market Capitalization.

CN: Market Cap: Shanghai SE: Tradable: Preferred data was reported at 689,393.000 RMB mn in Nov 2025. This records a decrease from the previous number of 695,110.000 RMB mn for Oct 2025. CN: Market Cap: Shanghai SE: Tradable: Preferred data is updated monthly, averaging 759,754.000 RMB mn from Dec 2021 (Median) to Nov 2025, with 48 observations. The data reached an all-time high of 791,000.000 RMB mn in Jun 2022 and a record low of 689,393.000 RMB mn in Nov 2025. CN: Market Cap: Shanghai SE: Tradable: Preferred data remains active status in CEIC and is reported by Shanghai Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shanghai Stock Exchange: Market Capitalization.

The average for 2022 based on 75 countries was 1225.97 billion U.S. dollars. The highest value was in the USA: 40297.98 billion U.S. dollars and the lowest value was in Bermuda: 0.21 billion U.S. dollars. The indicator is available from 1975 to 2024. Below is a chart for all countries where data are available.

CN: Market Cap: Shanghai SE: Tradable: Media data was reported at 310,131.000 RMB mn in Nov 2025. This records an increase from the previous number of 306,085.000 RMB mn for Oct 2025. CN: Market Cap: Shanghai SE: Tradable: Media data is updated monthly, averaging 63,584.000 RMB mn from Apr 2001 (Median) to Nov 2025, with 295 observations. The data reached an all-time high of 360,637.000 RMB mn in Apr 2023 and a record low of 3,622.100 RMB mn in May 2005. CN: Market Cap: Shanghai SE: Tradable: Media data remains active status in CEIC and is reported by Shanghai Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shanghai Stock Exchange: Market Capitalization.

London Stock Exchange reported GBP47.16B in Market Capitalization this December of 2025, considering the latest stock price and the number of outstanding shares.Data for London Stock Exchange | LSE - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last December in 2025.

The total market capitalization of all companies trading on the London Stock Exchange (LSE) took a large hit during the early months of 2020, due mostly part to a mass sell-off of shares caused by the fears surrounding the global coronavirus (COVID-19) pandemic. Between December 2019 and March 2020, the total value of market capitalization decreased by more than *** billion British pounds (GBP). The overall number of companies currently trading has also been falling. The number of daily trades spiked in March 2020 and then decreased as well. As of February 2025, the total market value of all companies trading on the London Stock Exchange stood at over **** trillion British pounds. European stock exchanges While almost every country has a stock Exchange, in Europe only five exchanges are considered major, with total market capital amounting to over *** trillion euros. The London Stock Exchange is the second largest in Europe and tenth largest worldwide. As of January 2025, Europe’s largest stock exchange, Euronext had a total market capital of listed companies valued at approximately **** trillion U.S. dollars.

TSE: Market Cap: Prime Market: Precision Instruments data was reported at 20,045.702 JPY bn in Nov 2025. This records a decrease from the previous number of 20,173.553 JPY bn for Oct 2025. TSE: Market Cap: Prime Market: Precision Instruments data is updated monthly, averaging 18,080.333 JPY bn from Apr 2022 (Median) to Nov 2025, with 44 observations. The data reached an all-time high of 20,312.269 JPY bn in Oct 2024 and a record low of 14,402.519 JPY bn in Dec 2022. TSE: Market Cap: Prime Market: Precision Instruments data remains active status in CEIC and is reported by Japan Exchange Group Inc.. The data is categorized under Global Database’s Japan – Table JP.Z: Tokyo Stock Exchange: Market Capitalization.

Brazil Market Capitalization: Sao Paulo Stock Exchange: USD data was reported at 908.108 USD bn in Nov 2025. This records an increase from the previous number of 847.097 USD bn for Oct 2025. Brazil Market Capitalization: Sao Paulo Stock Exchange: USD data is updated monthly, averaging 1,153.445 USD bn from Jan 1995 (Median) to Nov 2025, with 371 observations. The data reached an all-time high of 1,593.579 USD bn in Apr 2011 and a record low of 109.250 USD bn in Oct 2002. Brazil Market Capitalization: Sao Paulo Stock Exchange: USD data remains active status in CEIC and is reported by B3 S.A. - Brasil, Bolsa, Balcão. The data is categorized under Global Database’s Brazil – Table BR.ZA: B3 S.A. – Brasil, Bolsa, Balcao: Market Capitalization: USD.

Moscow Exchange reported RUB387.87B in Market Capitalization this December of 2025, considering the latest stock price and the number of outstanding shares.Data for Moscow Exchange | MOEX - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last December in 2025.

The dataset shows Month Wise Market Capitalisation at National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)

Note: Compilation of all-India market capitalisation has been discontinued by Bombay Stock Exchange Limited (BSE) since August 1999.

Australian Securities Exchange reported AUD10.97B in Market Capitalization this December of 2025, considering the latest stock price and the number of outstanding shares.Data for Australian Securities Exchange | ASX - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last December in 2025.

The total market capitalization of German companies listed on the Frankfurt Stock exchange reached **** trillion euros at the end of 2021. This is above the values found at the end of 2019 and 2017, indicating that Germany's stock market has largely recovered from the financial crash precipitated by the global coronavirus (COVID-19) pandemic in 2020. At the end of 2023, the total market capitalization of German companies listed on the Frankfurt Stock exchange closed at **** trillion euros, a significant decrease compared to the previous year. What is the Frankfurt Stock Exchange? While there are seven stock exchanges in Germany, the Frankfurt Stock Exchange is by far the most important, accounting for around ** percent of transactions. Run by Deutsche Börse AG, the Frankfurt Stock Exchange is comprised of two exchange trading venues: the traditional trading floor of the Börse Frankfurt, and the electronic trading platform Xetra (which in turn is divided into domestic and international markets). Xetra counts for the vast majority of the trading volume of the Frankfurt Stock Exchange. As an electronic platform, the technology behind Xetra is used by other stock exchanges around the world, strengthening the Frankfurt Stock Exchange’s competitive position while facilitating its capacity to handle international trading. As a result, the Frankfurt Stock Exchange is one of the largest stock exchanges in the world, sitting just outside the global top 10. The DAX Index The most important indicator of the German share market is the DAX index, which is comprised of the 30 largest German companies trading on the Frankfurt Stock Exchange. Some of the more famous companies included in the index are: car manufactures like Volkswagen, BMW and Daimler; clothing and shoe manufacturer Adidas; industrial companies BASF and Siemens; and pharmaceutical company Bayer. Following the DAX is the MDAX index, which covers the 60 next-largest German companies by market cap, then the SDAX index, comprised of the 70 next-largest companies after the MDAX.

Brazil Market Capitalization: Sao Paulo Stock Exchange data was reported at 4,843,667.277 BRL mn in Nov 2025. This records an increase from the previous number of 4,561,023.802 BRL mn for Oct 2025. Brazil Market Capitalization: Sao Paulo Stock Exchange data is updated monthly, averaging 2,077,931.908 BRL mn from Jan 1995 (Median) to Nov 2025, with 371 observations. The data reached an all-time high of 5,654,220.272 BRL mn in Jun 2021 and a record low of 118,525.880 BRL mn in Mar 1995. Brazil Market Capitalization: Sao Paulo Stock Exchange data remains active status in CEIC and is reported by B3 S.A. - Brasil, Bolsa, Balcão. The data is categorized under Global Database’s Brazil – Table BR.ZA: B3 S.A. – Brasil, Bolsa, Balcao: Market Capitalization. [COVID-19-IMPACT]

The average for 2022 based on 5 countries was 254.46 billion U.S. dollars. The highest value was in Brazil: 794.42 billion U.S. dollars and the lowest value was in Argentina: 52.95 billion U.S. dollars. The indicator is available from 1975 to 2024. Below is a chart for all countries where data are available.

Swiss Exchange reported $2.69B in Market Capitalization this July of 2024, considering the latest stock price and the number of outstanding shares.Data for Swiss Exchange | SIX - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last December in 2025.