Login
Create Account

Powerpack

Unlock full stockrow access for only $7.9/month and boost yourself as an investor.

Watchlist

Keep track of companies that you follow and research.

10 Years of Data

Full access to our data with predictions and indicators that we calculate daily.

Screener

Full access to our screener with tons of custom values and customizable email notifications.

XLS Exports

Excel export of financials and screeners you define and save.

Nasdaq, Inc. NDAQ

Financial — Financial Data & Stock Exchanges
S&P 500 Member Dividend Champion (5y) Insider Buys (last 12m)
Indexes indicate stock being part of an index ,
Growth Flags show if company had growth for consecutive years ,
Insider Buys alert about insiders buying in the last 12 month

We limit data available in the Overview Report for users who do not have Powerpack

Get access to target analyst prices, predictions, compound annual growth rates and more than four years of historical data.
Register an account and get your Powerpack now or Login

Insider Decisions

Total buys
21.68
Total sells
86.65
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — 2 — — — 1 — — —
Sell — 1 2 2 2 2 4 1 1 4 4 1
Insider Ownership
22.32%

Capital & Financial Ratios

Market Cap
51,040.00
Revenue
8,734.00
Net Income
1,967.00
Free Cash Flow
1,951.00
Net Debt
7,748.00
Current Ratio
1.01
Debt/Equity
0.71
P/E ratio
26.31
P/S ratio
5.90
P/B ratio
4.30
Past 5Y EPS Growth
4.53%
This Y EPS Growth
18.65%
Next Y EPS Growth
13.24%
Next 5Y EPS Growth
15.26%
in millions of $

Dividends

Payout Ratio
0.37
Annual Dividend Rate
0.88
Annual Dividend Yield
1.62%
total individual payouts
2028 ‡‡‡‡
2027 ‡‡‡‡‡
2026 1.20
—
—
—
2025 1.05
—
—
—
—
2024 0.94
—
—
—
—
2023 0.86
—
—
—
—
2022 0.78
—
—
—
—
2021 0.70
—
—
—
—
2020 0.65
—
—
—
—
2019 0.62
—
—
—
—
2018 0.57
—
—
—
—
2017 0.49
—
—
—
—
2016 0.40
—
—
—
—
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 661.00 807.00 842.00 744.00
Receivables 929.00 1,022.00 943.00 1,182.00
Inventory — — — —
Other 7,506.00 5,957.00 6,218.00 2,607.00
9,096.00 7,786.00 8,003.00 4,533.00
2023 2024 2025 Q'26
Payables 416.00 588.00 280.00 565.00
ST’ Debt — — — —
Other 7,421.00 5,879.00 6,101.00 2,497.00
9,025.00 7,902.00 7,961.00 4,505.00
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 2,137.00 2,532.00 — —
—
’25 2,096.00 2,101.00 1,958.00 2,107.00
8,262.00
’24 1,674.00 1,792.00 1,902.00 2,032.00
7,400.00
’23 1,533.00 1,433.00 1,451.00 1,647.00
6,064.00
’22 1,535.00 1,552.00 1,557.00 1,582.00
6,226.00
’21 1,651.00 1,412.00 1,357.00 1,466.00
5,886.00
’20 1,353.00 1,398.00 1,413.00 1,461.00
5,625.00
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 689.00 711.00 — —
—
’25 663.00 746.00 221.00 625.00
2,255.00
’24 530.00 460.00 244.00 705.00
1,939.00
’23 565.00 414.00 300.00 417.00
1,696.00
’22 605.00 375.00 232.00 494.00
1,706.00
’21 394.00 73.00 232.00 384.00
1,083.00
’20 380.00 441.00 (4.00) 435.00
1,252.00
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 629.00 634.00 — —
—
’25 614.00 687.00 152.00 536.00
1,989.00
’24 491.00 408.00 188.00 645.00
1,732.00
’23 525.00 375.00 263.00 375.00
1,538.00
’22 570.00 333.00 496.00 155.00
1,554.00
’21 352.00 34.00 200.00 334.00
920.00
’20 354.00 399.00 (64.00) 375.00
1,064.00
in millions of $

EPS

Mar Jun Sep Dec Year
’26 0.91 0.89 — —
—
’25 0.68 0.78 0.73 0.90
3.09
’24 0.40 0.38 0.53 0.61
1.93
’23 0.61 0.54 0.60 0.36
2.08
’22 0.57 0.62 0.59 0.48
2.26
’21 0.59 0.68 0.56 0.51
2.35
’20 0.41 0.48 0.53 0.45
1.86

Target Price Range

High
‡‡‡‡‡
‡‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡‡
Low
‡‡‡‡‡
‡‡‡‡

Recommendation Rating

1.5
1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 46.77 46.88 54.90 64.84 — — —
Low Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ 70.29 63.90 83.77 99.59 — — —
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6,377 8,525 9,162 9,525 — — —
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.98 0.71 0.81 0.87 — — —
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6,226.00 6,064.00 7,400.00 8,262.00 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 57.53% 64.23% 62.82% 63.53% — — —
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,475.00 1,401.00 1,449.00 2,145.00 ‡‡‡‡‡ — —
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 23.69% 23.10% 19.58% 25.96% ‡‡‡ ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,123.00 1,057.00 1,115.00 1,787.00 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 258.00 323.00 613.00 632.00 — — —
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 12.64 12.01 12.86 14.41 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ 2.28 2.10 1.94 3.12 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.46 3.36 3.37 3.93 — — —
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.31) (0.31) (0.36) (0.46) ‡‡‡ ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.16 3.05 3.01 3.47 — — —
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 12.52 21.44 19.46 21.34 ‡‡‡‡ — —
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 492.42 504.91 575.43 573.26 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 27.01 26.84 39.65 31.03 ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4.88 4.74 6.01 6.74 ‡‡‡ ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4.93 2.65 3.97 4.55 ‡‡‡ ‡‡‡ ‡‡‡
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.65 6.31 7.14 7.68 ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 22.63 24.89 30.50 31.91 — — —
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,706.00 1,696.00 1,939.00 2,255.00 ‡‡‡ ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (152.00) (158.00) (207.00) (266.00) ‡‡‡‡‡ ‡‡‡‡‡ —
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,554.00 1,538.00 1,732.00 1,989.00 ‡‡‡‡‡ — —
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (231.00) 71.00 (116.00) 42.00 — — —
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5,453.00 10,163.00 9,081.00 8,573.00 — — —
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4,748.00 9,502.00 8,274.00 7,731.00 — — —
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6,164.00 10,827.00 11,200.00 12,232.00 — — —
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.49% 3.98% 3.56% 5.82% ‡‡‡‡‡ — —
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.96% 4.85% 5.77% 7.30% — — —
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 17.90% 12.47% 10.14% 15.26% ‡‡‡‡‡ — —
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Nasdaq, Inc. (NDAQ), under CEO Adena Friedman’s transformative leadership since 2017, has evolved from a premier exchange into a tech-driven powerhouse, blending trading infrastructure with analytics, regtech, and capital markets via blockbuster acquisitions like the $10.5 billion Adenza deal. Revenue has more than doubled since 2016 to $7.4 billion in 2024, fueled by pandemic-era trading surges and acquisition synergies, with gross margins stabilizing at 60-64% and free cash flow per share rising 39% CAGR to support dividends and growth. Yet, insider selling—over $65 million in the past year, including CEO tranches—flashes caution amid rising debt and integration challenges.

Profitability shines through volatility: EBT ballooned nearly 11x to $1.45 billion, ROE holds at 10.1% above peers, and the stock’s forward P/E of 25x looks reasonable versus historical norms. Balance sheet strength is evident in equity up 81% and deleveraging underway, though a projected 2026 revenue cliff (down 31%) in analyst forecasts raises eyebrows, offset by EPS jumps to $3.14 and mean price targets implying 42% upside (high of 61%).

This narrative of resilient growth, cultural innovation, and market tailwinds positions NDAQ as undervalued for patient investors—but insider signals and macro risks demand a deeper dive into whether Adenza unlocks the next chapter or hits indigestion.

Read full commentary →

Nasdaq, Inc. (NDAQ) Latest News

News by impact score

Fine-tune

19 Sep

3 , 2:51 PM
Nasdaq introduced measures that increase difficulty for crypto criminals to conceal activities, strengthening surveillance capabilities in digital asset markets. Boosts Nasdaq's surveillance offerings and reputation in crypto oversight but remains incremental to core exchange and data businesses.

10 Sep

4 , 11:33 AM
Nasdaq invests millions in a crypto platform partnership to enable tokenized trading. Strategic investment in tokenized trading expands Nasdaq's capabilities in emerging digital asset markets.

3 , 1:05 PM
Nasdaq Inc. reported Q2 earnings, positioned against peers in financial exchanges and data stocks, highlighting revenue, growth metrics and sector comparisons. Q2 earnings release offers moderate insight into financial performance and peer positioning without indicating major strategic shifts.

3 www.thestreet.com, 12:59 PM
Nasdaq invests $100M in fintech giant at $21B valuation. The $100M fintech investment signals a strategic move with moderate potential to affect competitive positioning and investor sentiment.

3 www.cryptoprowl.com, 9:52 AM
Nasdaq invests $100 million in Kraken parent company. Investment marks strategic entry into cryptocurrency sector with moderate effect on operations and positioning.

8 Sep

3 , 10:09 PM
Nasdaq completed the Dasseti acquisition to strengthen eVestment’s private-market capabilities. Acquisition adds private-market functionality to an existing platform but is unlikely to alter overall company trajectory.

7 Sep

3 , 10:15 AM
Nasdaq boosts AI and data-driven investment technology via Dasseti. Dasseti integration moderately strengthens NDAQ AI capabilities without fundamentally altering core trajectory.

4 Sep

4 , 11:09 PM
Nasdaq, Inc. (NDAQ) acquired Dasseti to advance its AI capabilities in private markets. Acquisition bolsters Nasdaq's AI push in private markets and may alter its growth trajectory.

4 , 6:44 PM
Nasdaq acquired an AI due-diligence platform. ICE is building private-credit intelligence. The moves prompt comparison of which firm holds the deeper data moat. Acquisition advances Nasdaq's AI data capabilities and competitive stance versus ICE in financial intelligence.

2 Sep

3 , 8:00 AM
Nasdaq completes acquisition of Dasseti, enhancing Nasdaq eVestment's AI and private markets capabilities. Acquisition strengthens AI and private markets offerings, potentially boosting competitive position modestly.

28 Aug

3 , 11:28 AM
Nasdaq Inc. holds competitive advantages in its core operations while two other large-cap stocks carry notable risks. Competitive advantages noted for Nasdaq may moderately influence its positioning and market sentiment.

27 Aug

3 , 8:00 AM
Nasdaq Verafin partners with Q6 Cyber to integrate unique intelligence for proactive fraud prevention supporting financial institutions. Partnership strengthens Nasdaq Verafin's fraud prevention tools via added cyber intelligence.

26 Aug

4 , 5:10 PM
Nasdaq advances around-the-clock trading and data revenue pivot, prompting investors to evaluate potential actions for NDAQ positions amid shifting operations and market dynamics. Nasdaq's continuous trading expansion and data focus constitute major strategic moves likely to alter operations and investor sentiment.

25 Aug

3 , 8:08 AM
Earnings reports from select companies carry greater weight for the AI trade than Nvidia results, driving trading volumes and data demand across Nasdaq platforms and exchanges. AI-related earnings can lift trading volumes and data services at Nasdaq without altering its core business trajectory.

24 Aug

4 , 8:35 AM
Nasdaq Inc. has built a more durable business model extending beyond traditional trading operations. Diversification beyond trading operations enhances long-term business resilience and reduces reliance on volatile market activity.

20 Aug

4 www.marketbeat.com, 9:20 AM
Nasdaq advances 23-hour trading to convert global liquidity into sustained growth. 23-hour trading expansion can significantly boost Nasdaq's trading volumes and competitive edge in global markets.

17 Aug

4 , 5:03 PM
Nasdaq plans nearly 23-hour trading days starting December. Extended hours represent a major operational shift that can increase trading volumes and revenue.

12 Aug

4 , 10:38 AM
Tokenization promises to break trading barriers with direct relevance for Nasdaq, Inc. operations and investor considerations. Tokenization technology targets core trading infrastructure that defines Nasdaq's business model.

11 Aug

4 , 11:22 PM
Nasdaq Inc. advances LeveL Markets deal alongside digital liquidity initiatives that target a redefinition of its overall market role and positioning. LeveL Markets deal plus digital liquidity push form major strategic moves expected to significantly shift Nasdaq trajectory and investor view.

4 , 9:00 AM
Nasdaq enters definitive agreement to acquire LeveL Markets, advancing its always-on markets strategy. Acquisition advances Nasdaq's always-on markets strategy as a major strategic move.

4 , 8:55 AM
Nasdaq acquires LeveL, a dark pool trading venue for equity markets. Acquisition expands Nasdaq equity trading market share and venue capabilities.

10 Aug

3 www.benzinga.com, 8:43 AM
Kalshi adopts Nasdaq surveillance technology amid insider trading scrutiny in prediction markets. Kalshi's use of Nasdaq surveillance tech expands demand for its products in emerging prediction markets.

3 Aug

3 , 2:36 PM
D-Wave Quantum shares rise after signing deal with Nasdaq Verafin to improve financial crime detection. Partnership introduces quantum computing to Nasdaq Verafin financial crime detection services.

3 , 7:48 AM
D-Wave and Nasdaq's Verafin signed a deal to apply quantum computing to improve financial crime detection capabilities. Verafin quantum deal may strengthen a Nasdaq business unit but leaves core exchange operations unaffected.

2 Aug

3 , 3:07 PM
Nasdaq (NDAQ) stock may be 14% undervalued following recent earnings and dividend announcements. Earnings and dividend updates can moderately affect NDAQ valuation and short-term investor sentiment.

1 Aug

3 , 12:19 PM
Nasdaq Inc's Q2 earnings call included five key analyst questions addressing company performance and outlook. Earnings call analyst questions can highlight operational or competitive issues with moderate effects on near-term sentiment.

28 Jul

3 www.trefis.com, 3:07 PM
Nasdaq profit mechanisms stand to drive Netflix shares higher in the next rally through exchange services and market structure advantages. Links Nasdaq capabilities directly to Netflix upside, implying moderate positive visibility for NDAQ without altering core operations.

27 Jul

4 , 11:33 AM
Nasdaq Inc. reports Q2 growth driven by AI adoption, rising IPO activity, and platform expansion initiatives that strengthen its core operations and market reach. AI adoption, IPO momentum, and platform expansion represent major strategic drivers that can significantly boost Nasdaq's revenue trajectory and competitive standing.

24 Jul

4 , 9:41 AM
Morgan Stanley states Nasdaq's growth outlook benefits from AI and capital markets recovery. Positive analyst note on AI and market recovery positions Nasdaq for stronger future performance.

4 transcript app.moby.co, 8:30 AM
Nasdaq, Inc. released Q2 2026 earnings results and outlook during its earnings call. Q2 2026 earnings call delivers financial results and guidance that can significantly shift investor sentiment and company trajectory.
© 2016–2026 stockrow.com Terms and Conditions Indicators Contact Us