Nasdaq, Inc. NDAQ SPX
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally. It operates through three segments: Capital Access Platforms, Financial Technology, and Market Services. The company distributes historical and real-time market data; develops and licenses Nasdaq-branded indices and financial products; provides investor relations intelligence, governance solutions, and sustainability solution products for public and private companies, and organizations, as well as insights and workflow solutions; and operates listing platforms. It also offers Verafin, a cloud-based platform to detect, investigate, and report money laundering and financial frauds; AxiomSL, a risk data management and regulatory reporting solution; cloud-enabled and on-premises surveillance solutions to assist in complying with market rules, regulations, and internal market surveillance policies; Calypso, a platform providing cross-asset, front-to-back trading, treasury, risk, and collateral management solutions; and trade management and colocation services, as well as handles assets comprising cash equities, equity derivatives, currencies, various interest-bearing securities, commodities, energy products, and digital currencies. In addition, the company provides equity derivative trading and clearing, cash equity trading and fixed income, currency and commodities trading, and fixed income trading and clearing services, as well as tape plan data services; operates various exchanges, including derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and offers clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Excellent profit margin of 35.3%.
- Profit CAGR of 16.7% over 5 years.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NDAQ Nasdaq, Inc. SPX | 92.52 | 27.87 | $52.32B | 1.21% | 10.82% | 16.20% | 9.89% | 16.70% |
| 2 | JPM JPMorgan Chase & Co. SPX | 299.31 | 14.33 | $802.00B | 2.00% | - | 16.47% | 12.50% | 14.83% |
| 3 | V Visa Inc. SPX | 326.36 | 28.48 | $620.65B | 0.82% | 38.38% | 60.35% | 10.92% | 10.28% |
| 4 | MA Mastercard Incorporated SPX | 493.98 | 28.57 | $436.47B | 0.70% | 61.47% | - | 13.82% | 14.66% |
| 5 | MS Morgan Stanley SPX | 208.00 | 18.84 | $328.08B | 1.92% | - | 16.39% | 9.52% | 15.20% |
| 6 | GS The Goldman Sachs Group, Inc. SPX | 1,025.56 | 18.73 | $302.55B | 1.76% | - | 14.55% | 7.16% | 15.11% |
| 7 | WFC Wells Fargo & Company SPX | 77.54 | 11.98 | $237.29B | 2.32% | - | 12.03% | 4.02% | 15.98% |
| 8 | BLK BlackRock, Inc. SPX | 1,046.88 | 26.32 | $162.51B | 2.19% | 4.89% | 11.90% | 10.65% | 2.36% |
| 9 | SCHW The Charles Schwab Corporation SPX | 87.35 | 17.37 | $151.91B | 1.47% | - | 19.08% | 4.83% | 7.21% |
Quarterly Results
Figures in USD.
| Metric | Sep 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | 994.00M | 965.00M | 1.15B | 1.03B | 964.00M | 1.04B | 1.06B | 1.10B | 1.35B | 1.40B | 1.41B | 1.65B | 1.41B | 1.36B | 1.53B | 1.55B | 1.56B | 1.53B | 1.43B | 1.45B | 1.67B | 1.79B | - | - | 2.10B | 2.09B | 1.96B | 2.12B | 2.14B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28B | 1.23B | 1.09B | 1.18B | 1.18B |
| Gross Profit | 506.00M | 529.00M | 523.00M | 497.00M | 507.00M | 518.00M | 529.00M | 534.00M | 559.00M | 585.00M | 581.00M | 596.00M | 603.00M | 666.00M | 615.00M | 600.00M | 634.00M | 623.00M | 632.00M | 701.00M | 699.00M | 715.00M | 851.00M | 846.00M | 838.00M | 892.00M | 893.00M | 890.00M | 914.00M | 925.00M | 940.00M | 1.12B | 1.16B | - | - | 816.00M | 861.00M | 870.00M | 942.00M | 958.00M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 240.00M | 264.00M | 263.00M | 291.00M | 286.00M |
| Operating Income | 202.00M | 184.00M | 191.00M | 207.00M | 27.00M | 217.00M | 231.00M | 219.00M | 174.00M | 233.00M | 246.00M | 242.00M | 262.00M | 273.00M | 269.00M | 246.00M | 275.00M | 256.00M | 226.00M | 275.00M | 315.00M | 326.00M | 365.00M | 376.00M | 356.00M | 405.00M | 412.00M | 398.00M | 412.00M | 382.00M | 431.00M | 410.00M | 423.00M | - | - | 576.00M | 597.00M | 607.00M | 651.00M | 672.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 736.00M | 798.00M | 771.00M | 826.00M | 926.00M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 92.00M | 92.00M | 84.00M | 85.00M | 84.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 488.00M | 548.00M | 529.00M | 580.00M | 677.00M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 93.00M | 96.00M | 106.00M | 62.00M | 158.00M |
| Net Income | 113.00M | 103.00M | 101.00M | 123.00M | 9.00M | 133.00M | 138.00M | 132.00M | 70.00M | 131.00M | 168.00M | 146.00M | 170.00M | 177.00M | 162.00M | 163.00M | 247.00M | 174.00M | 150.00M | 203.00M | 241.00M | 264.00M | 298.00M | 341.00M | 288.00M | 284.00M | 307.00M | 294.00M | 302.00M | 267.00M | 294.00M | 234.00M | 222.00M | - | - | 395.00M | 452.00M | 423.00M | 518.00M | 519.00M |
| Diluted EPS | 0.66 | 0.59 | 0.59 | 0.71 | 0.05 | 0.77 | 0.80 | 0.78 | 0.42 | 0.77 | 0.99 | 0.87 | 1.00 | 1.05 | 0.97 | 0.97 | 1.48 | 1.04 | 0.90 | 1.22 | 1.45 | 1.58 | 1.78 | 2.05 | 0.56 | 0.57 | 0.62 | 0.59 | 0.61 | 0.54 | 0.60 | 0.40 | 0.38 | - | - | 0.68 | 0.78 | 0.73 | 0.90 | 0.91 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | 3.70B | 3.95B | 4.28B | 4.26B | 5.62B | - | 6.23B | 6.06B | 7.40B | 8.26B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.89B | 3.52B | 4.41B | 4.77B |
| Gross Profit | 1.46B | 1.45B | 1.52B | 1.69B | 1.67B | 1.90B | 2.07B | 2.09B | 2.28B | 2.41B | 2.53B | 2.54B | 2.90B | - | 2.34B | 2.55B | 2.99B | 3.49B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 678.00M | 740.00M | 1.04B | 1.06B |
| Operating Income | 640.00M | 603.00M | 631.00M | 696.00M | 690.00M | 688.00M | 754.00M | 720.00M | 836.00M | 991.00M | 1.03B | 1.02B | 1.23B | - | 1.66B | 1.81B | 1.95B | 2.43B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.85B | 2.00B | 2.46B | 3.13B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 120.00M | 272.00M | 398.00M | 354.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.48B | 1.40B | 1.45B | 2.15B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 352.00M | 344.00M | 334.00M | 358.00M |
| Net Income | 314.00M | 266.00M | 395.00M | 387.00M | 352.00M | 385.00M | 414.00M | 428.00M | 106.00M | 729.00M | 458.00M | 774.00M | 933.00M | - | 1.12B | 1.06B | 1.12B | 1.79B |
| Diluted EPS | 1.55 | 1.25 | 1.91 | 2.15 | 2.04 | 2.25 | 2.39 | 2.50 | 0.63 | 4.30 | 2.73 | 4.63 | 1.86 | - | 2.26 | 2.08 | 1.93 | 3.09 |
Compounded Sales Growth
| 5 Years: | 9.89% |
| 1 Year: | 13.70% |
Compounded Profit Growth
| 5 Years: | 16.70% |
| 1 Year: | 33.80% |
Stock Price Performance
| 1 Year: | +12.10% |
| 6 Months: | +4.43% |
| 3 Months: | +5.98% |
| 1 Month: | +1.37% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 10.72B | 16.21B | 14.09B | 9.13B | 12.56B | 12.07B | 11.86B | 13.41B | 15.35B | 15.70B | 13.92B | 17.98B | - | 20.87B | 32.29B | 30.39B | 31.05B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.60B | 9.10B | 7.79B | 8.00B |
| Cash & Equivalents | 1.32B | 374.00M | 594.00M | 315.00M | 506.00M | 497.00M | 398.00M | 427.00M | 301.00M | 403.00M | 377.00M | 545.00M | 332.00M | 2.75B | - | 502.00M | 453.00M | 592.00M | 604.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 677.00M | 929.00M | 1.02B | 943.00M |
| Total Liabilities | - | - | 5.76B | 11.48B | 9.11B | 3.92B | 6.39B | 6.28B | 6.25B | 8.72B | 9.47B | 10.25B | 8.29B | 11.54B | - | 14.70B | 21.47B | 19.20B | 18.82B |
| Current Liabilities | - | - | 2.85B | 8.23B | 6.04B | 1.02B | 2.80B | 2.98B | 2.92B | 4.08B | 5.23B | 6.57B | 4.23B | 4.92B | - | 8.84B | 9.03B | 7.90B | 7.96B |
| Long Term Debt | - | - | 1.87B | 2.18B | 2.07B | 1.84B | 2.59B | 2.30B | 2.36B | 3.60B | 3.73B | 2.96B | 3.00B | 5.54B | - | 4.74B | 10.16B | 9.08B | 8.57B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.85B | 10.87B | 9.87B | 9.47B |
| Total Equity | - | - | 4.93B | 4.72B | 4.98B | 5.21B | 6.18B | 5.79B | 5.61B | 5.43B | 5.88B | 5.45B | 5.64B | 6.43B | - | 6.15B | 10.82B | 11.19B | 12.23B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 513.16M | 598.01M | 598.92M | 594.62M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 216.00M | 582.00M | 440.00M | 669.00M | 594.00M | - | - | 727.00M | 776.00M | 909.00M | 1.03B | 963.00M | 1.25B | 1.08B | 1.71B | 1.70B | 1.94B | 2.25B |
| Investing Cash Flow | -3.15B | -53.00M | -118.00M | -146.00M | -128.00M | - | - | -435.00M | -1.66B | -890.00M | 196.00M | -414.00M | -122.00M | -2.65B | 49.00M | -5.99B | -953.00M | -1.10B |
| Financing Cash Flow | 2.03B | -336.00M | -595.00M | -325.00M | -485.00M | - | - | -400.00M | 948.00M | -53.00M | -1.03B | -2.47B | 1.91B | 1.42B | 1.04B | 4.22B | -2.56B | -2.95B |
| Capital Expenditure | -55.00M | -59.00M | -42.00M | -88.00M | -87.00M | -115.00M | -140.00M | -133.00M | -134.00M | -144.00M | -111.00M | -127.00M | -188.00M | -163.00M | -152.00M | -158.00M | -207.00M | -266.00M |
| Free Cash Flow | 161.00M | 523.00M | 398.00M | 581.00M | 507.00M | - | - | 594.00M | 642.00M | 765.00M | 917.00M | 836.00M | 1.06B | 920.00M | 1.55B | 1.54B | 1.73B | 1.99B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.79B | -78.00M | -1.57B | -1.80B |
| Share Buybacks | - | - | 797.00M | 100.00M | 275.00M | 10.00M | 178.00M | 377.00M | 100.00M | 203.00M | 394.00M | 200.00M | 222.00M | 468.00M | 308.00M | 269.00M | 145.00M | 616.00M |
| Dividends Paid | - | - | - | - | 65.00M | 87.00M | 98.00M | 149.00M | 200.00M | 243.00M | 280.00M | 305.00M | 320.00M | 350.00M | 383.00M | 441.00M | 541.00M | 601.00M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 61.4% | 61.1% | 59.1% | 59.5% | 51.6% | - | 37.6% | 42.0% | 40.4% | 42.2% |
| Operating Margin % | - | - | - | - | - | - | - | - | 22.6% | 25.1% | 24.0% | 23.9% | 21.9% | - | 26.7% | 29.8% | 26.3% | 29.4% |
| Net Margin % | - | - | - | - | - | - | - | - | 2.9% | 18.5% | 10.7% | 18.2% | 16.6% | - | 18.1% | 17.5% | 15.1% | 21.6% |
| ROE % | - | 5.4% | 8.4% | 7.8% | 6.8% | 6.2% | 7.1% | 7.6% | 2.0% | 12.4% | 8.4% | 13.7% | 14.5% | - | 18.3% | 9.8% | 10.0% | 14.6% |
| ROCE % | - | 7.7% | 7.9% | 8.6% | 8.5% | 7.0% | 8.3% | 8.1% | 9.0% | 9.8% | 11.3% | 10.5% | 9.5% | - | 13.8% | 7.8% | 8.7% | 10.5% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Investor AB | 10.32% | 58.38M | $5.40B |
| 2 | Blackrock Inc. | 6.75% | 38.17M | $3.53B |
| 3 | Wellington Management Group, LLP | 6.41% | 36.28M | $3.36B |
| 4 | Vanguard Capital Management LLC | 5.52% | 31.24M | $2.89B |
| 5 | Massachusetts Financial Services Co. | 5.14% | 29.06M | $2.69B |
| 6 | Vanguard Portfolio Management LLC | 4.62% | 26.10M | $2.42B |
| 7 | State Street Corporation | 3.49% | 19.71M | $1.82B |
| 8 | Geode Capital Management, LLC | 2.29% | 12.98M | $1.20B |
| 9 | Morgan Stanley | 1.81% | 10.26M | $948.84M |
| 10 | Franklin Resources, Inc. | 1.62% | 9.17M | $848.79M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for NDAQ