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/E ratio

Alert me on P/E ratio

As of 5 November 2026, Nasdaq, Inc. (NDAQ) trades at a P/E ratio of 28.9×. Over the past ten years it has ranged from 15.6× (March 2020) to 109× (March 2017); the current reading is higher than 67% of that period. That is above the Financial Data & Stock Exchanges industry median of 24.9× and above the Financial sector median of 12.2×.

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

Period	P/E ratio	Change
FY2025	31.0×	(21.73%)
FY2024	39.6×	47.72%
FY2023	26.8×	(0.63%)
FY2022	27.0×	(7.91%)
FY2021	29.3×	25.28%
FY2020	23.4×	2.31%
FY2019	22.9×	(22.57%)
FY2018	29.6×	69.84%
FY2017	17.4×	(82.78%)
FY2016	101×	346.44%

Period	P/E ratio	Change
Sep 2026	24.9×	9.48%
Jun 2026	22.7×	(10.09%)
Mar 2026	25.3×	(18.58%)
Dec 2025	31.0×	(0.36%)
43 more quarters	Free account

Against its own ten years

Low 15.6× High 109×

Ten-year median 26.4×

Current reading's percentile 64

Company	P/E ratio
COIN Coinbase Global, Inc. compare	n/m
TRU TransUnion compare	19.9×
ICE Intercontinental Exchange Inc. compare	23.6×
CME CME Group Inc. compare	25.0×
CBOE Cboe Global Markets, Inc. compare	25.0×
SPGI S&P Global Inc. compare	27.6×
NDAQ Nasdaq, Inc.	28.9×
MCO Moody's Corporation compare	31.3×
MSCI MSCI Inc compare	34.8×
Financial Data & Stock Exchanges industry median	24.9×
Financial sector median	12.2×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Nasdaq, Inc. (NDAQ) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on NDAQ

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on NDAQ

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