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) P/E ratio

As of 25 September 2026, Nasdaq, Inc. (NDAQ) trades at a P/E ratio of 27.0×. Over the past ten years it has ranged from 15.6× (March 2020) to 109× (March 2017); the current reading is higher than 55% of that period. That is above the Financial Data & Stock Exchanges industry median of 21.8× and above the Financial sector median of 12.6×.

P/E ratio, daily

Annual

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%

Quarterly

Period P/E ratio Change
Jun 2026 22.7× (10.09%)
Mar 2026 25.3× (18.58%)
Dec 2025 31.0× (0.36%)
Sep 2025 31.1× (8.40%)
42 more quarters

Against its own ten years

Low 15.6× High 109×
Ten-year median 26.4×
Current reading's percentile 55

P/E ratio against peers

Company P/E ratio
COIN Coinbase Global, Inc. compare n/m
TRU TransUnion compare 18.1×
CBOE Cboe Global Markets, Inc. compare 20.0×
ICE Intercontinental Exchange Inc. compare 21.7×
CME CME Group Inc. compare 22.3×
SPGI S&P Global Inc. compare 24.6×
NDAQ Nasdaq, Inc. 27.0×
MCO Moody's Corporation compare 29.6×
MSCI MSCI Inc compare 30.1×
Financial Data & Stock Exchanges industry median 21.8×
Financial sector median 12.6×
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 →

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