Sunday 11 October 2026
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Nasdaq, Inc.
NDAQ Financial Financial Data & Stock Exchanges
Nasdaq, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.3 billion, up 11.6% from fiscal 2024. In the quarter to June 2026, revenue grew 20.5%, EPS grew 13.9%, free cash flow fell 7.71% and total debt fell 2.14%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.
93.65
1.28
+1.39%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
101.05 | 17.40 | 29.55 | 22.88 | 23.41 | 29.33 | 27.01 | 26.84 | 39.65 | 31.03 |
Piotroski F-Score |
7 | 5 | 6 | 8 | 7 | 5 | 6 | 5 | 5 | 9 |
P/S ratio |
2.97 | 3.23 | 3.15 | 4.15 | 3.88 | 5.92 | 4.88 | 4.74 | 6.01 | 6.74 |
P/FCF ratio |
17.16 | 16.69 | 14.71 | 21.13 | 20.51 | 37.87 | 19.57 | 18.68 | 25.69 | 27.99 |
P/Operating CF |
38.79 | 42.56 | 37.47 | 52.11 | 50.18 | 90.73 | 61.56 | 68.90 | 63.10 | 89.09 |
P/B ratio |
2.03 | 2.17 | 2.48 | 3.13 | 3.39 | 5.44 | 4.93 | 2.65 | 3.97 | 4.55 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
3.77 | 4.11 | 3.73 | 4.79 | 4.40 | 6.69 | 5.59 | 6.37 | 7.18 | 7.72 |
EV/EBITDA |
13.89 | 13.77 | 12.90 | 16.89 | 17.25 | 22.92 | 19.11 | 20.31 | 22.04 | 21.53 |
EV/Operating CF |
18.01 | 17.86 | 15.53 | 21.17 | 19.78 | 36.38 | 20.41 | 22.77 | 27.41 | 28.29 |
EV/FCF |
21.77 | 21.23 | 17.41 | 24.39 | 23.28 | 42.83 | 22.41 | 25.10 | 30.68 | 32.07 |
Quick Ratio |
0.27 | 0.19 | 0.19 | 0.25 | 0.72 | 0.15 | 0.16 | 0.18 | 0.23 | 0.22 |
Current Ratio |
1.12 | 1.05 | 0.97 | 1.01 | 1.56 | 0.94 | 0.97 | 1.01 | 0.99 | 1.01 |
Net Debt/EBITDA |
2.92 | 2.62 | 1.70 | 1.94 | 1.79 | 2.43 | 2.21 | 5.00 | 3.43 | 2.61 |
Debt/Assets |
25.46% | 24.27% | 18.83% | 21.52% | 30.82% | 23.92% | 22.69% | 31.47% | 29.88% | 27.61% |
Debt/Equity |
0.66 | 0.63 | 0.54 | 0.53 | 0.86 | 0.75 | 0.77 | 0.94 | 0.81 | 0.70 |
Asset Turnover |
0.28 | 0.27 | 0.28 | 0.29 | 0.35 | 0.31 | 0.30 | 0.23 | 0.24 | 0.27 |
Operating CF/Net income |
7.32 | 1.25 | 2.24 | 1.24 | 1.34 | 0.91 | 1.52 | 1.60 | 1.74 | 1.26 |
Capex/Depreciation |
(0.79) | (0.77) | (0.53) | (0.67) | (0.93) | (0.59) | (0.59) | (0.49) | (0.34) | (0.42) |
Interest Coverage |
6.19 | 6.93 | 6.85 | 8.20 | 12.22 | 11.53 | 12.12 | 5.56 | 4.34 | 6.35 |
| 1.92% | 12.89% | 8.09% | 13.96% | 15.45% | 18.49% | 17.90% | 12.47% | 10.14% | 15.26% | |
| 0.82% | 4.94% | 2.95% | 5.23% | 5.85% | 6.23% | 5.49% | 3.98% | 3.56% | 5.82% | |
ROIC |
6.24% | 6.90% | 8.51% | 7.96% | 8.57% | 8.51% | 9.59% | 4.85% | 5.77% | 7.30% |
Return on Tangible Assets |
12.62% | 107.84% | 260.23% | 173.15% | 29.06% | 1,978.33% | 373.75% | 163.68% | 234.17% | 232.21% |
Average Days of Receivables |
42.27 | 32.91 | 32.77 | 36.17 | 36.73 | 36.46 | 39.69 | 55.92 | 50.41 | 41.66 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
31.13% | 30.09% | 29.62% | 29.57% | 24.64% | 26.89% | 26.71% | 29.12% | 28.20% | 26.43% |
Intangible Assets out of Total Assets |
0.57 | 0.59 | 0.55 | 0.62 | 0.51 | 0.56 | 0.51 | 0.67 | 0.69 | 0.67 |
Share Based Compensation of Revenue |
2.32% | 1.77% | 1.61% | 1.86% | 1.55% | 1.53% | 1.70% | 2.01% | 1.91% | 2.00% |
Graham Net Nets |
(0.38) | (0.31) | (0.29) | (0.23) | (0.18) | (0.18) | (0.20) | (0.43) | (0.26) | (0.19) |
Graham Number |
7.36 | 19.74 | 15.08 | 20.00 | 23.56 | 26.29 | 25.38 | 31.98 | 29.22 | 38.76 |
Earnings Yield |
0.99% | 5.75% | 3.38% | 4.37% | 4.27% | 3.41% | 3.70% | 3.73% | 2.52% | 3.22% |
Free Cash Flow Yield |
5.83% | 5.99% | 6.80% | 4.73% | 4.87% | 2.64% | 5.11% | 5.35% | 3.89% | 3.57% |
Revenue per Share |
7.47 | 7.91 | 8.62 | 8.61 | 11.40 | 11.83 | 12.64 | 12.01 | 12.86 | 14.41 |
Operating CF per Share |
1.57 | 1.82 | 2.07 | 1.95 | 2.54 | 2.18 | 3.46 | 3.36 | 3.37 | 3.93 |
Capex per Share |
(0.27) | (0.29) | (0.22) | (0.26) | (0.38) | (0.33) | (0.31) | (0.31) | (0.36) | (0.46) |
Free Cash Flow per Share |
1.30 | 1.53 | 1.85 | 1.69 | 2.16 | 1.85 | 3.16 | 3.05 | 3.01 | 3.47 |
Cash per Share |
1.34 | 1.27 | 1.72 | 1.32 | 6.04 | 1.27 | 1.43 | 1.31 | 1.40 | 1.47 |
Shareholders Equity per Share |
10.96 | 11.78 | 10.98 | 11.40 | 13.05 | 12.87 | 12.52 | 21.44 | 19.46 | 21.34 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
10.96 | 11.78 | 10.98 | 11.40 | 13.05 | 12.87 | 12.52 | 21.44 | 19.46 | 21.34 |
Free Cash Flow |
642.00 | 765.00 | 917.00 | 836.00 | 1,064.00 | 920.00 | 1,554.00 | 1,538.00 | 1,732.00 | 1,989.00 |
Working Capital |
478.00 | 276.00 | (200.00) | 63.00 | 2,736.00 | (449.00) | (231.00) | 71.00 | (116.00) | 42.00 |
Capital Expenditures |
(134.00) | (144.00) | (111.00) | (127.00) | (188.00) | (163.00) | (152.00) | (158.00) | (207.00) | (266.00) |
Net Current Asset Value |
(4,160.00) | (3,964.00) | (3,881.00) | (3,995.00) | (3,883.00) | (6,287.00) | (6,100.00) | (12,371.00) | (11,409.00) | (10,818.00) |
EV/EBIT |
16.72 | 16.39 | 15.53 | 20.05 | 20.07 | 27.34 | 22.26 | 24.47 | 29.55 | 27.37 |
Capex to Sales |
0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 |
Price to Operating Income |
13.18 | 12.88 | 13.12 | 17.37 | 17.69 | 24.18 | 19.45 | 18.21 | 24.74 | 23.89 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.47 | 0.47 | 0.56 | 0.49 | 0.43 | 0.55 | 0.49 | 0.56 | 1.03 | 0.87 |
Cash ROIC |
6.62% | 7.47% | 9.90% | 9.00% | 7.12% | 7.77% | 13.39% | 7.10% | 8.21% | 9.19% |
Accounts Receivable Turnover |
9.94 | 10.06 | 11.56 | 10.57 | 11.39 | 10.20 | 9.84 | 7.55 | 7.59 | 8.41 |
Accounts Payable Turnover |
5.30 | 5.23 | 5.72 | 5.87 | 8.02 | 7.63 | 7.83 | 5.14 | 5.48 | 6.94 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
72.34 | 72.43 | 63.99 | 59.32 | 53.50 | 36.56 | 59.08 | 70.00 | 78.02 | 33.92 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
372.50 | 392.50 | 370.00 | 403.00 | 494.00 | 577.00 | 632.50 | 803.00 | 975.50 | 982.50 |
Average Payables |
269.50 | 294.00 | 306.00 | 293.50 | 339.50 | 323.00 | 337.50 | 422.00 | 502.00 | 434.00 |
Average Assets |
13,005.50 | 14,752.00 | 15,527.00 | 14,812.00 | 15,951.50 | 19,047.00 | 20,491.50 | 26,581.00 | 31,344.50 | 30,724.00 |
Average Common Equity |
5,519.50 | 5,655.00 | 5,664.50 | 5,544.00 | 6,037.50 | 6,420.50 | 6,284.50 | 8,495.50 | 11,013.50 | 11,716.00 |
Columns are period end dates