Friday 6 November 2026 Export NDAQ’s income statement to Excel — free account

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.

Revenue: +20.9%
EPS: +31.1%
Free cash flow: +202.0%
Total debt: −2.26%

Quarter to September 2026, against a year earlier

107.36 0.53 +0.50%

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Market cap: $59.3B
P/E: 28.9×
Fwd P/E: 29.4×
Dividend yield: 1.08%
F-score: 9/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Nasdaq, Inc. (NDAQ) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Nasdaq, Inc. (NDAQ) trades at a P/B ratio of 5.0×. Over the past ten years it has ranged from 1.3× (January 2015) to 5.8× (December 2022); the current reading is higher than 94% of that period. That is above the Financial Data & Stock Exchanges industry median of 4.6× and above the Financial sector median of 1.3×.

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<iframe src="https://stockrow.com/embed/NDAQ/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Nasdaq, Inc. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NDAQ/metrics/pb-ratio">Nasdaq, Inc. (NDAQ) P/B ratio — stockrow.com</a></p>

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%

Period	P/B ratio	Change
Sep 2026	4.3×	15.56%
Jun 2026	3.7×	(7.24%)
Mar 2026	4.0×	(12.19%)
Dec 2025	4.6×	7.99%
43 more quarters	Free account

Against its own ten years

Low 1.3× High 5.8×

Ten-year median 3.4×

Current reading's percentile 94

Company	P/B ratio
MSCI MSCI Inc compare	n/m
COIN Coinbase Global, Inc. compare	2.6×
TRU TransUnion compare	3.2×
ICE Intercontinental Exchange Inc. compare	3.3×
CME CME Group Inc. compare	4.1×
NDAQ Nasdaq, Inc.	5.0×
CBOE Cboe Global Markets, Inc. compare	6.2×
SPGI S&P Global Inc. compare	7.0×
MCO Moody's Corporation compare	26.1×
Financial Data & Stock Exchanges industry median	4.6×
Financial sector median	1.3×
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 →

Nasdaq, Inc. (NDAQ) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on NDAQ

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on NDAQ

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