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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.

93.80 0.30 +0.32%
Market cap
$52.3B
P/E
27.0×
Fwd P/E
26.1×
Dividend yield
1.24%
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Nasdaq, Inc. (NDAQ) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Nasdaq, Inc. (NDAQ) trades at a P/B ratio of 4.4×. Over the past ten years it has ranged from 1.3× (January 2015) to 5.8× (December 2022); the current reading is higher than 84% of that period. That is above the Financial Data & Stock Exchanges industry median of 4.0× and above the Financial sector median of 1.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 4.6× 14.60%
FY2024 4.0× 49.69%
FY2023 2.7× (46.22%)
FY2022 4.9× (9.29%)
FY2021 5.4× 60.39%
FY2020 3.4× 8.26%
FY2019 3.1× 26.56%
FY2018 2.5× 14.00%
FY2017 2.2× 7.02%
FY2016 2.0× 16.93%

Quarterly newest first

Period P/B ratio Change
Jun 2026 3.7× (7.24%)
Mar 2026 4.0× (12.19%)
Dec 2025 4.6× 7.99%
Sep 2025 4.2× (2.96%)
42 more quarters

Against its own ten years

Low 1.3× High 5.8×
Ten-year median 3.4×
Current reading's percentile 82

P/B ratio against peers

Company P/B ratio
MSCI MSCI Inc compare n/m
TRU TransUnion compare 2.8×
ICE Intercontinental Exchange Inc. compare 3.1×
COIN Coinbase Global, Inc. compare 3.5×
CME CME Group Inc. compare 4.0×
SPGI S&P Global Inc. compare 4.0×
NDAQ Nasdaq, Inc. 4.4×
CBOE Cboe Global Markets, Inc. compare 5.9×
MCO Moody's Corporation compare 26.6×
Financial Data & Stock Exchanges industry median 4.0×
Financial sector median 1.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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