Nasdaq, Inc. NDAQ

93.55 (1.00) (1.06%) as of 25 Sep
Market cap
$52.9B
P/E
27.0×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

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

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 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)))

The full definition of Price to free cash flow →

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