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

107.07 0.24 +0.22%

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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/S ratio

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As of 5 November 2026, Nasdaq, Inc. (NDAQ) trades at a P/S ratio of 6.5×. Over the past ten years it has ranged from 2.2× (January 2015) to 7.0× (January 2026); the current reading is higher than 97% of that period. That is in line with the Financial Data & Stock Exchanges industry median of 6.8× and above the Financial sector median of 2.3×.

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

Period	P/S ratio	Change
FY2025	6.7×	12.10%
FY2024	6.0×	26.89%
FY2023	4.7×	(3.01%)
FY2022	4.9×	(17.47%)
FY2021	5.9×	52.54%
FY2020	3.9×	(6.47%)
FY2019	4.1×	31.55%
FY2018	3.2×	(2.48%)
FY2017	3.2×	8.73%
FY2016	3.0×	4.01%

Period	P/S ratio	Change
Sep 2026	5.6×	10.42%
Jun 2026	5.1×	(12.15%)
Mar 2026	5.8×	(14.01%)
Dec 2025	6.7×	9.09%
43 more quarters	Free account

Against its own ten years

Low 2.2× High 7.0×

Ten-year median 4.1×

Current reading's percentile 97

Company	P/S ratio
TRU TransUnion compare	3.1×
COIN Coinbase Global, Inc. compare	6.5×
NDAQ Nasdaq, Inc.	6.5×
CBOE Cboe Global Markets, Inc. compare	7.0×
SPGI S&P Global Inc. compare	8.4×
ICE Intercontinental Exchange Inc. compare	9.0×
MCO Moody's Corporation compare	10.9×
MSCI MSCI Inc compare	13.8×
CME CME Group Inc. compare	15.8×
Financial Data & Stock Exchanges industry median	6.8×
Financial sector median	2.3×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

Nasdaq, Inc. (NDAQ) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on NDAQ

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on NDAQ

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