Nasdaq, Inc. (NDAQ)

US — Financial Services Sector
Peers: CME  SPGI  MCO  MSCI  ICE  FDS 

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Key Metrics & Ratings

  • symbol NDAQ
  • Rev/Share 14.3999
  • Book/Share 21.4333
  • PB 3.9595
  • Debt/Equity 0.812
  • CurrentRatio 0.0
  • ROIC -0.2582

 

  • MktCap 48675053518.0
  • FreeCF/Share 3.6762
  • PFCF 23.2007
  • PE 27.0612
  • Debt/Assets 0.3197
  • DivYield 0.0124
  • ROE 0.1503

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 3
  • P/B Score 1
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade NDAQ Morgan Stanley Equal Weight Overweight -- $110 Nov. 20, 2025
Upgrade NDAQ UBS Neutral Buy -- $115 July 25, 2025
Upgrade NDAQ Redburn Atlantic Neutral Buy -- $91 April 17, 2025
Downgrade NDAQ Morgan Stanley Overweight Equal Weight -- $74 April 8, 2025
Upgrade NDAQ Deutsche Bank Hold Buy $80 $98 Jan. 8, 2025
Upgrade NDAQ Raymond James Market Perform Outperform -- $82 Oct. 14, 2024
Initiation NDAQ RBC Capital Mkts -- Outperform -- $88 Sept. 27, 2024
Initiation NDAQ TD Cowen -- Hold -- $83 Sept. 26, 2024
Reiterated NDAQ Oppenheimer -- Outperform $78 $80 Sept. 9, 2024

News

5 Securities & Exchanges Stocks to Watch Amid Increased Volatility
CBOE, CME, ICE, NDAQ, SPGI
Published: February 06, 2026 by: Zacks Investment Research
Sentiment: Positive

Zacks Securities and Exchanges industry players like SPGI, ICE, CME, NDAQ and CBOE gain from rising crypto adoption, trading volumes, a higher non-trading revenue base and tech investments.

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image for news 5 Securities & Exchanges Stocks to Watch Amid Increased Volatility
Nasdaq: Continues To Beat Expectations
NDAQ
Published: January 30, 2026 by: Seeking Alpha
Sentiment: Positive

Nasdaq, Inc. continues to outperform, exceeding analyst expectations in both revenue and EPS for Q4 and FY25. NDAQ's operating margins are expanding in Market Services and Capital Access Platform, while overall net revenue grew 12% for FY25. Balance sheet risk has diminished as leverage fell to 2.9x, enabling future growth investments or M&A activity.

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image for news Nasdaq: Continues To Beat Expectations
Nasdaq, Inc. (NDAQ) Q4 2025 Earnings Call Transcript
NDAQ
Published: January 29, 2026 by: Seeking Alpha
Sentiment: Neutral

Nasdaq, Inc. (NDAQ) Q4 2025 Earnings Call Transcript

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image for news Nasdaq, Inc. (NDAQ) Q4 2025 Earnings Call Transcript
Nasdaq Beats Q4 Earnings & Revenue Estimates, Tweaks Expense View
NDAQ
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Positive

NDAQ's fourth-quarter results reflect higher revenues across divisions and organic growth, partially offset by higher expenses.

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image for news Nasdaq Beats Q4 Earnings & Revenue Estimates, Tweaks Expense View
Compared to Estimates, Nasdaq (NDAQ) Q4 Earnings: A Look at Key Metrics
NDAQ
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Positive

Although the revenue and EPS for Nasdaq (NDAQ) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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image for news Compared to Estimates, Nasdaq (NDAQ) Q4 Earnings: A Look at Key Metrics
Nasdaq (NDAQ) Tops Q4 Earnings and Revenue Estimates
NDAQ
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Positive

Nasdaq (NDAQ) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.76 per share a year ago.

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image for news Nasdaq (NDAQ) Tops Q4 Earnings and Revenue Estimates
Exploring Analyst Estimates for Nasdaq (NDAQ) Q4 Earnings, Beyond Revenue and EPS
NDAQ
Published: January 27, 2026 by: Zacks Investment Research
Sentiment: Neutral

Get a deeper insight into the potential performance of Nasdaq (NDAQ) for the quarter ended December 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

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image for news Exploring Analyst Estimates for Nasdaq (NDAQ) Q4 Earnings, Beyond Revenue and EPS
Will Nasdaq's Beat Streak Continue This Earnings Season?
NDAQ
Published: January 26, 2026 by: Zacks Investment Research
Sentiment: Positive

NDAQ's Q4 results are likely to reflect higher subscription revenues, new listings, higher trade management services business and new client contracts.

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image for news Will Nasdaq's Beat Streak Continue This Earnings Season?
Nasdaq (NDAQ) Earnings Expected to Grow: Should You Buy?
NDAQ
Published: January 22, 2026 by: Zacks Investment Research
Sentiment: Positive

Nasdaq (NDAQ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Nasdaq (NDAQ) Earnings Expected to Grow: Should You Buy?
Nasdaq CEO Adena Friedman on AI Transformation, Reforms
NDAQ
Published: January 22, 2026 by: Bloomberg Markets and Finance
Sentiment: Positive

Nasdaq Chair and CEO Adena Friedman speaks to Bloomberg Surveillance on the sidelines of the 2026 World Economic Forum in Davos. Friedman says AI needs to be built out and she would like to see more AI innovators come to the public market.

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image for news Nasdaq CEO Adena Friedman on AI Transformation, Reforms
Why Nasdaq (NDAQ) is Poised to Beat Earnings Estimates Again
NDAQ
Published: January 15, 2026 by: Zacks Investment Research
Sentiment: Positive

Nasdaq (NDAQ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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image for news Why Nasdaq (NDAQ) is Poised to Beat Earnings Estimates Again
Nasdaq (NDAQ) Is Up 1.63% in One Week: What You Should Know
NDAQ
Published: January 13, 2026 by: Zacks Investment Research
Sentiment: Positive

Does Nasdaq (NDAQ) have what it takes to be a top stock pick for momentum investors? Let's find out.

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image for news Nasdaq (NDAQ) Is Up 1.63% in One Week: What You Should Know
Are You Looking for a Top Momentum Pick? Why Nasdaq (NDAQ) is a Great Choice
NDAQ
Published: December 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Does Nasdaq (NDAQ) have what it takes to be a top stock pick for momentum investors? Let's find out.

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image for news Are You Looking for a Top Momentum Pick? Why Nasdaq (NDAQ) is a Great Choice
NDAQ Stock Near 52-Week High: A Signal for Investors to Hold Tight?
NDAQ
Published: December 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Nasdaq is set to grow on its increasing non-trading revenue base, organic expansion, and strategic acquisitions, supported by a solid capital position.

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image for news NDAQ Stock Near 52-Week High: A Signal for Investors to Hold Tight?
Nasdaq seeks approval for near-round-the-clock trading
NDAQ
Published: December 16, 2025 by: Proactive Investors
Sentiment: Positive

Nasdaq Inc (NASDAQ:NDAQ), the American stock exchange home to major tech companies including Apple, Amazon, and Nvidia, has filed with the Securities and Exchange Commission (SEC) to extend trading hours for US stocks, potentially moving toward nearly round-the-clock access on weekdays. According to the filing disclosed Monday, Nasdaq proposes adding a night trading session from 9 pm to 4 am Eastern Time, separated from the regular daytime session by a one-hour maintenance break.

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image for news Nasdaq seeks approval for near-round-the-clock trading
The Big 3: GEV, NDAQ, STX
NDAQ, GEV, STX
Published: December 16, 2025 by: Schwab Network
Sentiment: Neutral

When it comes to Tuesday's economic prints, Jessica Inskip (@jessicainskip) says the labor picture gives the Fed more leeway for interest rate cuts in 2026. It's something she takes into consideration for her Big 3 picks.

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image for news The Big 3: GEV, NDAQ, STX
Nasdaq, Inc. Announces Pricing of Cash Tender Offers and Acceptance of Outstanding Debt Securities
NDAQ
Published: December 15, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) (“Nasdaq” or the “Company”) announced today the consideration payable in connection with its previously announced offers to purchase for cash in the order of priority set forth in the table below (the “Acceptance Priority Levels”) its outstanding Notes, subject to (i) a cap of $83,011,000 in aggregate principal amount (the “2028 Notes Cap”) of the Company's 5.350% Senior Notes due 2028 (the “2028 Notes”) (reflecting a $3,011,000 increase from the previously announced cap of $80,000,000) and (ii) a cap of $16,989,000 in aggregate principal amount (the “2052 Notes …

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image for news Nasdaq, Inc. Announces Pricing of Cash Tender Offers and Acceptance of Outstanding Debt Securities
Nasdaq, Inc. (NDAQ) Presents at Goldman Sachs 2025 U.S. Financial Services Conference Transcript
NDAQ
Published: December 10, 2025 by: Seeking Alpha
Sentiment: Neutral

Nasdaq, Inc. (NDAQ) Presents at Goldman Sachs 2025 U.S. Financial Services Conference Transcript

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image for news Nasdaq, Inc. (NDAQ) Presents at Goldman Sachs 2025 U.S. Financial Services Conference Transcript
Nasdaq, Inc. (NDAQ) Presents at UBS Global Technology and AI Conference 2025 Transcript
NDAQ
Published: December 02, 2025 by: Seeking Alpha
Sentiment: Neutral

Nasdaq, Inc. (NDAQ) Presents at UBS Global Technology and AI Conference 2025 Transcript

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image for news Nasdaq, Inc. (NDAQ) Presents at UBS Global Technology and AI Conference 2025 Transcript
Nasdaq Halts MaxsMaking Inc.
NDAQ
Published: December 02, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Dec. 02, 2025 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading is halted in MaxsMaking Inc. (Nasdaq: MAMK) for additional information requested from the company. Previously, the Securities and Exchange Commission effected a trading suspension in MAMK from 04:00:00 on November 17, 2025 to 23:59:00 on December 1, 2025. The last sale price of the company's shares was $13.00.

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image for news Nasdaq Halts MaxsMaking Inc.
Nasdaq, Inc. Announces Cash Tender Offers for Up to $95 Million Aggregate Purchase Price of Outstanding Debt Securities
NDAQ
Published: December 01, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) (“Nasdaq” or the “Company”) today announced its offers to purchase for cash in the order of priority set forth in the table below (the “Acceptance Priority Levels”) up to an aggregate purchase price of $95,000,000 (excluding Accrued Interest (as defined below)) (the “Maximum Tender Payment”) for its outstanding Notes, subject to (i) a sub-cap of $80,000,000 in aggregate principal amount (the “2028 Notes Cap”) of the Company's 5.350% Senior Notes due 2028 (the “2028 Notes”) and (ii) a sub-cap of $10,000,000 in aggregate principal amount (the “2052 Notes …

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image for news Nasdaq, Inc. Announces Cash Tender Offers for Up to $95 Million Aggregate Purchase Price of Outstanding Debt Securities
White House to host CEOs of J.P. Morgan, Goldman Sachs & others tonight
BLK, BX, GS, JPM, MS, NDAQ
Published: November 12, 2025 by: CNBC Television
Sentiment: Positive

CNBC's Eamon Javers joins 'Squawk on the Street' with the latest news from DC.

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image for news White House to host CEOs of J.P. Morgan, Goldman Sachs & others tonight
4 Stocks to Watch From the Prospering Securities & Exchanges Industry
CBOE, CME, NDAQ, SPGI
Published: November 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks Securities and Exchanges industry players like SPGI, CME, NDAQ and CBOE gain from rising crypto adoption, trading volumes, a higher non-trading revenue base and tech investments.

Read More
image for news 4 Stocks to Watch From the Prospering Securities & Exchanges Industry
Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date October 15, 2025
NDAQ
Published: October 24, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Oct. 24, 2025 (GLOBE NEWSWIRE) -- At the end of the settlement date of October 15, 2025, short interest in 3,382 Nasdaq Global MarketSM securities totaled 13,834,913,159 shares compared with 14,078,324,727 shares in 3,366 Global Market issues reported for the prior settlement date of September 30, 2025. The mid-October short interest represents 2.09 days compared with 2.16 days for the prior reporting period.

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image for news Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date October 15, 2025
Wall Street Roundup: Are We In A Bubble?
AAPL, BYND, DIA, DNUT, GM, GOOG, GOOGL, GPRO, INTC, IRBT, MEME, META, MSFT, NDAQ, NFLX, NVDA, QQQ, SPY, TSLA, WMT
Published: October 24, 2025 by: Seeking Alpha
Sentiment: Neutral

Tesla (TSLA) earnings were mixed, with margin pressure and near-term uncertainty, but revenue beat expectations and investors remain in wait-and-see mode. GM surged 15% after beating earnings and raising guidance, as tariff impacts were less severe and market share reached a multi-year high.

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image for news Wall Street Roundup: Are We In A Bubble?
Nasdaq (NDAQ) Q3 Earnings and Revenues Surpass Estimates
NDAQ
Published: October 21, 2025 by: Zacks Investment Research
Sentiment: Positive

Nasdaq (NDAQ) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.74 per share a year ago.

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image for news Nasdaq (NDAQ) Q3 Earnings and Revenues Surpass Estimates
Nasdaq CEO Adena Friedman on Q3 results, prediction markets and IPO pipeline
NDAQ
Published: October 21, 2025 by: CNBC Television
Sentiment: Neutral

Adena Friedman, Nasdaq CEO and chair, joins 'Squawk Box' to discuss the company's quarterly earnings results, what's driving the boost in trading volumes, her thoughts on prediction markets, IPO pipeline, and more.

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image for news Nasdaq CEO Adena Friedman on Q3 results, prediction markets and IPO pipeline
Nasdaq Announces Quarterly Dividend of $0.27 Per Share
NDAQ
Published: October 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Oct. 21, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc. (Nasdaq: NDAQ) has declared a regular quarterly dividend of $0.27 per share on the company's outstanding common stock. The dividend is payable on December 19, 2025 to shareholders of record at the close of business on December 5, 2025. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

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image for news Nasdaq Announces Quarterly Dividend of $0.27 Per Share
Nasdaq Reports Third Quarter 2025 Results; Surpassing $1 Billion in Solutions Quarterly Revenue and $3 Billion in ARR
NDAQ
Published: October 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the third quarter of 2025. Third quarter 2025 net revenue1 was $1.3 billion, an increase of 15% over the third quarter of 2024, or up 11% on an organic2 basis.

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image for news Nasdaq Reports Third Quarter 2025 Results; Surpassing $1 Billion in Solutions Quarterly Revenue and $3 Billion in ARR
Will Nasdaq (NDAQ) Beat Estimates Again in Its Next Earnings Report?
NDAQ
Published: October 20, 2025 by: Zacks Investment Research
Sentiment: Positive

Nasdaq (NDAQ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Read More
image for news Will Nasdaq (NDAQ) Beat Estimates Again in Its Next Earnings Report?

About Nasdaq, Inc. (NDAQ)

  • IPO Date 2002-07-01
  • Website https://www.nasdaq.com
  • Industry Financial - Data & Stock Exchanges
  • CEO Adena T. Friedman
  • Employees 9377

Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions. This segment also handles assets, such as cash equities, equity derivatives, currencies, interest-bearing securities, commodities, energy products, and digital currencies. The Investment Intelligence segment sells and distributes historical and real-time market data; develops and licenses Nasdaq-branded indexes and financial products; and provides investment insights and workflow solutions. The Corporate Platforms segment operates listing platforms; and offers investor relations intelligence and governance solutions. As of December 31, 2021, it had 4,178 companies listed securities on The Nasdaq Stock Market, including 1,632 listings on The Nasdaq Global Select Market; 1,169 on The Nasdaq Global Market; and 1,377 on The Nasdaq Capital Market. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses. This segment operates various exchanges and other marketplace facilities across various asset classes, which include derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and provides broker, clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.