Nasdaq, Inc. NDAQ
93.55
(1.00)
(1.06%)
as of 25 Sep
- Market cap
- $52.9B
- P/E
- 27.0×
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Nasdaq, Inc. (NDAQ) Gross margin
Nasdaq, Inc.'s gross margin over the twelve months to 30 June 2026 was 64.3%, up 0.7 percentage points from fiscal 2025 (63.5%). Over the past ten years it has ranged from 51.6% (fiscal 2020) to 64.2% (fiscal 2023); the current reading is higher than 91% of that period. That is below the Financial Data & Stock Exchanges industry median of 70.9% and below the Financial sector median of 69.9%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 63.5% | 0.71 |
| FY2024 | 62.8% | (1.41) |
| FY2023 | 64.2% | 6.70 |
| FY2022 | 57.5% | (0.57) |
| FY2021 | 58.1% | 6.49 |
| FY2020 | 51.6% | (7.92) |
| FY2019 | 59.5% | 0.47 |
| FY2018 | 59.1% | (2.01) |
| FY2017 | 61.1% | (0.38) |
| FY2016 | 61.5% | 0.03 |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 59.2% | (6.60) |
| Mar 2026 | 65.8% | (0.18) |
| Dec 2025 | 66.0% | (1.14) |
| Sep 2025 | 67.2% | 5.00 |
| 42 more quarters | Free account |
Against its own ten years
Low 51.6%
High 64.2%
Ten-year median
61.1%
Current reading's percentile
91
Gross margin against peers
| Company | Gross margin |
|---|---|
| CME CME Group Inc. compare | 100.0% |
| ICE Intercontinental Exchange Inc. compare | 98.6% |
| COIN Coinbase Global, Inc. compare | 86.4% |
| MSCI MSCI Inc compare | 83.0% |
| MCO Moody's Corporation compare | 75.0% |
| SPGI S&P Global Inc. compare | 70.9% |
| NDAQ Nasdaq, Inc. | 64.3% |
| TRU TransUnion compare | 58.7% |
| CBOE Cboe Global Markets, Inc. compare | 54.1% |
| Financial Data & Stock Exchanges industry median | 70.9% |
| Financial sector median | 69.9% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NDAQ
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow 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