Stock · NDAQ · Financial Services
United States · Large Cap · listed since 2002 · Revenue 12 mo. $9.1B
Price as of 11/06/2026
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally.
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally. It operates through three segments: Capital Access Platforms, Financial Technology, and Market Services. The company distributes historical and real-time market data; develops and licenses Nasdaq-branded indices and financial products; provides investor relations intelligence, governance solutions, and sustainability solution products for public and private companies, and organizations, as well as insights and workflow solutions; and operates listing platforms. It also offers Verafin, a cloud-based platform to detect, investigate, and report money laundering and financial frauds; AxiomSL, a risk data management and regulatory reporting solution; cloud-enabled and on-premises surveillance solutions to assist in complying with market rules, regulations, and internal market surveillance policies; Calypso, a platform providing cross-asset, front-to-back trading, treasury, risk, and collateral management solutions; and trade management and colocation services, as well as handles assets comprising cash equities, equity derivatives, currencies, various interest-bearing securities, commodities, energy products, and digital currencies. In addition, the company provides equity derivative trading and clearing, cash equity trading and fixed income, currency and commodities trading, and fixed income trading and clearing services, as well as tape plan data services; operates various exchanges, including derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and offers 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.
Original text from the data provider
Summary
54.6 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €1.8B (2025), it supports €19.8B. The remaining €32.7B of the market value assume it grows 13.6% a year for 10 years and not at all afterwards.
Required FCF growth per year
13.6%
no growth afterwards
Price to operating cash flow 23.7×, above its usual range.
Middle half of 20 quarters: 17.8× to 22.3×, median 20.8×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
No anomaly in the stored figures.
Since the last quarter
Q2 → Q3 2026
4 more unchanged: EBIT margin, Net debt, Shares outstanding, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 14.63% | 12.46% | Rank 63 |
| Return on capital (Greenblatt) | 191.54% | 59.04% | Rank 73 |
| EBIT margin | 28.36% | 23.06% | Rank 65 |
| FCF margin | 24.20% | 19.82% | Rank 59 |
| Gross margin | 47.93% | 65.53% | Rank 24 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 11.05% | 7.39% | Rank 61 |
| Earnings growth, 3 years per year | 11.15% | 15.20% | Rank 39 |
| Earnings growth, 5 years per year | 10.74% | 15.17% | Rank 35 |
| Sustainable growth (ROE × retained earnings) | 3.24% | 1.25% | Rank 79 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 2.90% | 6.47% | Rank 10 |
| FCF yield | 3.40% | 7.16% | Rank 26 |
| EV/saleslower is better | 8.23 | 2.82 | Rank 18 |
| EV/EBITlower is better | 29.02 | 14.24 | Rank 17 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 14.68% | 7.80% | Rank 61 |
| Share price, 6 months | 20.96% | 8.71% | Rank 85 |
| Share price, 3 months | 18.38% | 0.45% | Rank 93 |
| Distance from 52-week high | −2.35% | −10.68% | Rank 88 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | 2.06% | 1.23% | Rank 41 |
| Change in share countlower is better | −0.47% | −0.60% | Rank 48 |
| Dividend streak in years | 12 | 5 | Rank 77 |
| Price reaction to results, market-adjusted | 8.58% | 0.00% | Rank 97 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 39.37% | 9.21% | Rank 87 |
| Net debt/EBITDAlower is better | 2.91 | 0.12 | Rank 27 |
| Debt to equitylower is better | 0.81 | 0.90 | Rank 55 |
| Volatility, 1 yearlower is better | 28.33% | 25.95% | Rank 40 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF | Shares | Net debt, $B |
|---|---|---|---|---|---|
| 2016 | 3.7 | 22.6% | $588.0M | 506M | 3.2 |
| 2017 | 3.9 | 25.1% | $765.0M | 509M | 3.8 |
| 2018 | 4.3 | 24.0% | $917.0M | 503M | 3.3 |
| 2019 | 4.3 | 23.9% | $836.0M | 501M | 3.4 |
| 2020 | 5.6 | 21.9% | $1.1B | 501M | 3.2 |
| 2021 | 5.9 | 24.5% | $920.0M | 505M | 5.8 |
| 2022 | 6.2 | 25.1% | $1.6B | 498M | 5.3 |
| 2023 | 6.1 | 26.0% | $1.5B | 508M | 10.4 |
| 2024 | 7.4 | 24.3% | $1.7B | 579M | 9.3 |
| 2025 | 8.2 | 28.4% | $2.0B | 577M | 9.1 |
3 of 7 StockScorer Score rules met · How the score is built
Nasdaq Inc mainly meets criteria in the Profitability category. Result from 18 strategies checked.
This is how the StockScorer Score strategy, the flagship rule set, calculates the points for Nasdaq Inc. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
3 of 7 rules met
5 of 11 points
The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Nasdaq Inc.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 34.5 | 15.2 |
| P/B ratio | 5.1 | 1.8 |
| Return on equity (ROE) | 14.6% | 12.5% |
| Equity ratio | 39.4% | 9.2% |
| Debt-to-equity (D/E) | 0.81 | 0.90 |
| Dividend yield | 1.1% | 3.3% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| NDAQ | Nasdaq Incthis page | |
| MSCI | MSCI Inc | Low4.5 |
| COIN | Coinbase Global Inc | Low1.8 |
| CBOE | Cboe Global Markets Inc | Low8.2 |
| MCO | Moodys Corporation | locked |
| ICE | Intercontinental Exchange Inc | locked |
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Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
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