Nasdaq, Inc.

Nasdaq, Inc.

NDAQ
Nasdaq, Inc.US flagNASDAQ Global Select
86.82
USD
+0.10
- -
49.10BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.41
6.91
6.78
7.47
7.91
8.62
8.61
11.41
11.83
12.64
12.01
12.86
14.41
14.55
Basic EPS, GAAP
0.77
0.82
0.85
0.21
1.46
0.92
1.56
1.89
2.38
2.28
2.1
1.94
3.12
3.35
Free Cash Flow per Basic Share
0.92
0.97
1.18
1.3
1.53
1.85
1.69
2.16
1.85
3.16
3.05
3.01
3.47
3.51
Dividend per Share
0.17
0.19
0.3
0.4
0.49
0.56
0.62
0.65
0.7
0.78
0.87
0.94
1.05
1.08
Book Value per Share
5.95
6.5
7.12
7.02
7.94
9.2
10.17
11.42
13
14.65
15.51
14.61
16.73
17.44
Tangible Book Value per Share
-4.77
-3.59
-3.48
-5.43
-6.36
-6.48
-6.02
-5.41
-9.73
-9.17
-21.25
-16.79
-15.09
-15.13
Basic Weighted Avg Shares
501
507
502
496
499
496
495
493
498
492
505
575
573
571
Sales/Revenue/Turnover
3,211
3,500
3,403
3,704
3,948
4,277
4,258
5,625
5,886
6,226
6,064
7,400
8,262
8,309
Operating Margin (%)
23.76
23.86
26.51
25.73
26.22
24.53
25.5
23.38
26.49
26.68
29.78
26.34
29.45
30.41
Depreciation Expense
122
137
138
170
188
210
190
202
278
258
323
613
632
641
Net Income, GAAP
385
414
428
106
729
458
774
933
1,187
1,125
1,059
1,117
1,788
1,912
Effective Tax Rate (%)
36
30.47
32.22
20.3
16.4
56.95
24.04
23.02
22.62
23.86
24.55
23.05
16.69
18.08
Profit Margin (%)
11.99
11.83
12.58
2.86
18.47
10.71
18.18
16.59
20.17
18.07
17.46
15.09
21.64
23.01
Working Capital
363
420
340
478
276
-200
63
2,736
-449
-231
71
-116
42
-17
LT Debt
2,589
2,297
2,364
3,603
3,727
2,956
3,327
5,930
5,198
5,187
10,580
9,469
9,035
9,014
Total Equity
6,184
5,794
5,609
5,430
5,880
5,449
5,639
6,436
6,405
6,164
10,827
11,200
12,232
12,038
Return on Invested Capital (%)
6.08
6.84
7.58
8.92
9.05
4.66
8.86
9.33
9.67
10.28
8.09
7.02
9.48
9.69
Return on Capital (%)
8.78
8.77
8.69
3.21
11.04
6.26
10.05
9.89
10.52
9.45
7.97
7.7
11.16
11.61
Return on Common Equity (%)
13.61
13.2
12.47
3.01
19.58
10.74
16.14
17.51
19.62
16.44
14.08
13.76
19.87
20.53

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
431
431
431
LT Borrowings
8,667
8,573
8,526
LT Finance Leases
454
462
488
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
573
570
565
Market Capitalization
50,797
55,682
48,491

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
7,597
8,003
4,374
Cash, Cash Equivalents & STI
2,529
3,354
2,380
Accounts Receivable, Net
865
943
985
Inventories
- -
- -
- -
Total Current Liabilities
7,705
7,961
4,391
Payables & Accruals
569
644
454
ST Debt
431
431
431
Deferred Revenue
719
785
1,093

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.95%
16.81%
9.21%
Free Cash Flow
14.73%
16.36%
14.84%
Net Income, GAAP
64.66%
16.34%
60.07%
Sales/Revenue/Turnover
9.69%
8.3%
11.65%
Total Cash Common Dividend
15.25%
13.54%
11.09%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,674
1,792
1,902
2,030
7,400
2025
2,096
2,090
1,958
2,124
8,262
2026
2,137
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.41
0.39
0.53
0.62
1.94
2025
0.69
0.79
0.74
0.91
3.12
2026
0.92
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
0.24
0.24
0.24
0.94
2025
0.24
0.27
0.27
0.27
1.05
2026
0.27
- -
- -
- -
- -

Company Description

APIChat
CEO
Adena T. Friedman
Full Time Employees
9,377
Sector
Financial Services
Industry
Financial - Data & Stock Exchanges
Address
151 West 42nd Street New York City NY United States of America 10036
IPO Date
Jul 1, 2002
Website
nasdaq.com
Business
Nasdaq, Inc. (NDAQ) operates as a multinational financial services corporation that owns and manages stock exchanges, provides technology solutions, data analytics, index licensing, and regulatory services to financial institutions, exchanges, corporations, and investors worldwide; its core offerings include multi-asset trading and clearing across 18 markets including the Nasdaq Stock Market in the U.S., Nasdaq Nordic and Baltic exchanges in Europe, one clearinghouse, and four central depositories hosting approximately 4,000 listings with $14 trillion in market value; investment intelligence tools for capital access and transparency; financial technology platforms such as AxiomSL for regulatory reporting, Calypso for trading and risk management, Nasdaq Verafin for financial crime detection; Nasdaq-branded indices and related financial products; corporate solutions for governance, ESG, and investor relations; as well as historical and real-time market data distribution. Founded in 1971 as the world's first electronic stock market and headquartered in New York City, the company serves banks, brokers, regulators, investment managers, and buy-side firms primarily in North America and Europe through its Nordic, Baltic, and U.S. market segments. In recent developments, Nasdaq completed its largest acquisition with Adenza in late 2023, integrating AxiomSL and Calypso to bolster financial technology capabilities and launching cross-sell initiatives targeting over $100 million in synergies by late 2027; expanded partnerships including a major regulatory technology deployment with Revolut in 2025, long-term deals with AuRep and Société Générale via AxiomSL, and an extension of its index licensing agreement with CME Group through 2039; achieved double-digit ARR growth in financial technology with new enterprise clients, 120 new signings and upsells in Q4 2024, and record index product launches including 116 in 2024 and 33 in Q2 2025; while advancing AI-powered solutions and international growth in financial crime management through Verafin.

Company News

APIChat
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