Nasdaq, Inc. NDAQ
- Market cap
- $52.9B
- P/E
- 27.0×
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Nasdaq, Inc. (NDAQ) Free cash flow margin
Nasdaq, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 22.3%, down 1.7 percentage points from fiscal 2025 (24.1%). Over the past ten years it has ranged from 15.6% (fiscal 2021) to 25.4% (fiscal 2023); the current reading is higher than 82% of that period. That is below the Financial Data & Stock Exchanges industry median of 29.1% and above the Financial sector median of 15.6%.
Free cash flow margin, annual
Annual
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 24.1% | 0.66 |
| FY2024 | 23.4% | (1.95) |
| FY2023 | 25.4% | 0.40 |
| FY2022 | 25.0% | 9.33 |
| FY2021 | 15.6% | (3.29) |
| FY2020 | 18.9% | (0.71) |
| FY2019 | 19.6% | (1.81) |
| FY2018 | 21.4% | 2.06 |
| FY2017 | 19.4% | 2.05 |
| FY2016 | 17.3% | (0.13) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| CME CME Group Inc. compare | 62.2% |
| MSCI MSCI Inc compare | 44.8% |
| ICE Intercontinental Exchange Inc. compare | 44.0% |
| CBOE Cboe Global Markets, Inc. compare | 37.0% |
| MCO Moody's Corporation compare | 36.4% |
| SPGI S&P Global Inc. compare | 34.6% |
| COIN Coinbase Global, Inc. compare | 23.0% |
| NDAQ Nasdaq, Inc. | 22.3% |
| TRU TransUnion compare | 16.1% |
| Financial Data & Stock Exchanges industry median | 29.1% |
| Financial sector median | 15.6% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on NDAQ
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement