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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) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 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 19.6× and above the Financial sector median of 9.9×.

Price to free cash flow, daily

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Annual newest first

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 newest first

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

Against its own ten years

Low 14.2× High 46.7×
Ten-year median 18.9×
Current reading's percentile 88

Price to free cash flow against peers

Company Price to free cash flow
CBOE Cboe Global Markets, Inc. compare 17.6×
TRU TransUnion compare 18.1×
ICE Intercontinental Exchange Inc. compare 19.6×
SPGI S&P Global Inc. compare 22.8×
CME CME Group Inc. compare 25.2×
NDAQ Nasdaq, Inc. 27.1×
MSCI MSCI Inc compare 27.8×
MCO Moody's Corporation compare 28.4×
COIN Coinbase Global, Inc. compare 41.8×
Financial Data & Stock Exchanges industry median 19.6×
Financial sector median 9.9×
Market median 14.2×

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)))

The full definition of Price to free cash flow →

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