Nasdaq, Inc. NDAQ
- Market cap
- $52.9B
- P/E
- 27.0×
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Nasdaq, Inc. (NDAQ) Price to free cash flow
As of 25 September 2026, Nasdaq, Inc. (NDAQ) trades at a price to free cash flow of 27.1×. Over the past ten years it has ranged from 14.2× (January 2019) to 46.7× (September 2021); the current reading is higher than 88% of that period. That is above the Financial Data & Stock Exchanges industry median of 18.8× and above the Financial sector median of 10.0×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 28.0× | 8.99% |
| FY2024 | 25.7× | 37.50% |
| FY2023 | 18.7× | (4.55%) |
| FY2022 | 19.6× | (48.32%) |
| FY2021 | 37.9× | 84.60% |
| FY2020 | 20.5× | (2.92%) |
| FY2019 | 21.1× | 43.66% |
| FY2018 | 14.7× | (11.87%) |
| FY2017 | 16.7× | (2.74%) |
| FY2016 | 17.2× | 4.74% |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 22.8× | (5.08%) |
| Mar 2026 | 24.0× | (14.23%) |
| Dec 2025 | 28.0× | 15.83% |
| Sep 2025 | 24.2× | 0.47% |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| CBOE Cboe Global Markets, Inc. compare | 14.4× |
| TRU TransUnion compare | 16.9× |
| ICE Intercontinental Exchange Inc. compare | 18.8× |
| SPGI S&P Global Inc. compare | 21.4× |
| CME CME Group Inc. compare | 22.7× |
| MSCI MSCI Inc compare | 26.9× |
| NDAQ Nasdaq, Inc. | 27.1× |
| MCO Moody's Corporation compare | 27.5× |
| COIN Coinbase Global, Inc. compare | 47.1× |
| Financial Data & Stock Exchanges industry median | 18.8× |
| Financial sector median | 10.0× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on NDAQ
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- 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