NDAQ

+ Watchlist + Portfolio

Nasdaq, Inc.

GridBrain — Sign in

GridSentinel — Sign in

GridAegis — Sign in

Key Metrics

Previous Close: $96.35
52-Week Range: $76.55 – $101.79
Market Cap: $54.53B
P/E (TTM): 28.44
EPS (TTM): 3.43
Dividend Yield: 1.20%

Advanced Metrics

Price/Book: 4.57
PEG Ratio: 2.04
Return on Equity: 16.52%
Return on Assets: 5.85%
Gross Margin: 100.00%
Operating Margin: 49.33%
Profit Margin: 35.04%
Current Ratio: 1.01
Debt/Equity: 0.78
Total Debt: $9.32B
Free Cash Flow: $1.69B
Revenue Growth: 14.90%
Earnings Growth: 14.10%
Enterprise Value: $62.62B

NDAQ Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$6.23B	$6.06B	$7.40B	$8.26B
Cost of Revenue	$3.89B	$3.52B	$4.41B	$4.77B
Gross Profit	$2.34B	$2.55B	$2.99B	$3.49B
Selling, General & Admin	$420.00M	$417.00M	$427.00M	$424.00M
Operating Expenses	$678.00M	$740.00M	$1.04B	$1.06B
Operating Income	$1.66B	$1.81B	$1.95B	$2.43B
EBITDA	$1.85B	$2.00B	$2.46B	$3.13B
Pretax Income	$1.48B	$1.40B	$1.45B	$2.15B
Income Tax	$352.00M	$344.00M	$334.00M	$358.00M
Net Income	$1.13B	$1.06B	$1.12B	$1.79B
Diluted EPS	2.26	2.08	1.93	3.09
Diluted Shares	497.90M	508.40M	579.20M	578.60M

NDAQ Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$502.00M	$453.00M	$592.00M	$604.00M
Receivables	$677.00M	$929.00M	$1.02B	$943.00M
Current Assets	$8.60B	$9.10B	$7.79B	$8.00B
Total Assets	$20.87B	$32.29B	$30.39B	$31.05B
Current Liabilities	$8.84B	$9.03B	$7.90B	$7.96B
Long-Term Debt	$4.74B	$10.16B	$9.08B	$8.57B
Total Debt	$5.85B	$10.87B	$9.87B	$9.47B
Total Liabilities	$14.70B	$21.47B	$19.20B	$18.82B
Retained Earnings	$7.21B	$7.83B	$8.40B	$9.59B
Shareholders' Equity	$6.15B	$10.82B	$11.19B	$12.23B
Working Capital	-$231.00M	$71.00M	-$116.00M	$42.00M
Net Debt	$4.90B	$10.00B	$8.89B	$8.40B

NDAQ Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.71B	$1.70B	$1.94B	$2.25B
Capital Expenditure	-$152.00M	-$158.00M	-$207.00M	-$266.00M
Free Cash Flow	$1.55B	$1.54B	$1.73B	$1.99B
Depreciation & Amortisation	$258.00M	$323.00M	$613.00M	$632.00M
Stock-Based Compensation	$106.00M	$122.00M	$141.00M	$165.00M
Investing Cash Flow	$49.00M	-$5.99B	-$953.00M	-$1.10B
Financing Cash Flow	$1.04B	$4.22B	-$2.56B	-$2.95B
Dividends Paid	-$383.00M	-$441.00M	-$541.00M	-$601.00M
Share Repurchases	-$633.00M	-$269.00M	-$145.00M	-$616.00M
Net Change in Cash	$2.79B	-$78.00M	-$1.57B	-$1.80B

NDAQ Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$2.10B	$1.96B	$2.12B	$2.14B	$2.53B
Cost of Revenue	$1.24B	$1.09B	$1.18B	$1.18B	$1.51B
Gross Profit	$861.00M	$870.00M	$942.00M	$958.00M	$1.02B
Selling, General & Admin	$106.00M	$105.00M	$130.00M	$121.00M	$124.00M
Operating Expenses	$264.00M	$263.00M	$291.00M	$286.00M	$289.00M
Operating Income	$597.00M	$607.00M	$651.00M	$672.00M	$731.00M
EBITDA	$798.00M	$771.00M	$826.00M	$926.00M	$902.00M
Pretax Income	$548.00M	$529.00M	$580.00M	$677.00M	$653.00M
Income Tax	$96.00M	$106.00M	$62.00M	$158.00M	$146.00M
Net Income	$452.00M	$423.00M	$518.00M	$519.00M	$507.00M
Diluted EPS	0.78	0.73	0.90	0.91	0.89
Diluted Shares	578.98M	578.98M	576.50M	571.75M	567.75M

NDAQ Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$732.00M	$470.00M	$604.00M	$515.00M	$520.00M
Receivables	$896.00M	$865.00M	$943.00M	$985.00M	$1.18B
Current Assets	$7.35B	$7.60B	$8.00B	$4.37B	$4.53B
Total Assets	$30.38B	$30.65B	$31.05B	$27.30B	$27.34B
Current Liabilities	$7.66B	$7.71B	$7.96B	$4.39B	$4.50B
Long-Term Debt	$8.68B	$8.67B	$8.57B	$8.53B	$8.49B
Total Debt	$9.63B	$9.55B	$9.47B	$9.45B	$9.24B
Total Liabilities	$18.57B	$18.62B	$18.82B	$15.26B	$15.35B
Retained Earnings	$8.96B	$9.22B	$9.59B	$9.95B	$10.29B
Shareholders' Equity	$11.81B	$12.02B	$12.23B	$12.03B	$11.99B
Working Capital	-$305.00M	-$108.00M	$42.00M	-$17.00M	$28.00M
Net Debt	$8.45B	$8.63B	$8.40B	$8.44B	$8.24B

NDAQ Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$746.00M	$221.00M	$625.00M	$689.00M	$711.00M
Capital Expenditure	-$59.00M	-$69.00M	-$89.00M	-$60.00M	-$77.00M
Free Cash Flow	$687.00M	$152.00M	$536.00M	$629.00M	$634.00M
Depreciation & Amortisation	$157.00M	$158.00M	$161.00M	$165.00M	$166.00M
Stock-Based Compensation	$46.00M	$41.00M	$43.00M	$38.00M	$49.00M
Investing Cash Flow	-$59.00M	-$145.00M	-$638.00M	$747.00M	-$446.00M
Financing Cash Flow	-$1.46B	$159.00M	-$567.00M	-$4.18B	-$583.00M
Dividends Paid	-$155.00M	-$155.00M	-$153.00M	-$153.00M	-$174.00M
Share Repurchases	-$100.00M	-$115.00M	-$286.00M	-$548.00M	-$355.00M
Net Change in Cash	-$775.00M	$235.00M	-$580.00M	-$2.75B	-$318.00M

Market Snapshot

About

Nasdaq, Inc. operates stock exchanges and provides financial technology, market data, and analytics services. The company runs the Nasdaq Stock Market, Nordic exchanges, and offers trading platforms, clearing, and listing services to global capital markets.