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NDAQ

S&P 500
Favorable · 66/100

Nasdaq, Inc.

Financials
Financial Exchanges & Data

$82.61

0.4%

Updated Today 7:15 PM ET

Price — Past Year

▼ Down 4.8% over the last 12 months

Price 50-day average 200-day averageSource: Yahoo Finance · refreshed daily
Key Metrics

Market Cap

$46.51B

P/E

24.33x

Forward P/E (est.)

17.38x

ROE

15.9%

Revenue Growth

6.3%

EPS Growth

50.4%

Profit Margin

23.0%

FCF Yield

3.1%

Debt / Equity

0.74x

ROIC

9.0%

Interest Coverage

8.21x

Current Ratio

1x

Dividend Yield

1.4%

Implied Growth (rev. DCF)

4.5%

Rating Score

66/100

Technical Analysis (Educational)
Research

Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what NDAQ's chart says today, with each tool explained.

Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. NDAQ trades near $82.61, below its 50-day average ($88.91) and 200-day average ($89.66). Price below both averages is a downtrend — momentum is against buyers for now.

Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 29 it is oversold — selling has been heavy and a bounce is possible.

MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.

Volatility — ATR. Average True Range is the typical daily move. NDAQ's is $2.95 (~3.6% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.

Support & resistance. Over the last month NDAQ found buyers near $81.26 (support) and sellers near $93.94 (resistance); its 52-week range is $77.09–$101.79. A decisive break beyond either edge often marks the next move.

Volume. The latest session traded 2.2× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.

Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.

Business Overview
Research

Nasdaq, Inc. (NDAQ) is a large-cap company in the Financial Exchanges & Data industry, part of the Financials sector of the S&P 500, with a market value around $46.51B.

In its latest reported year it generated about $8.26B in revenue and $1.79B in net profit.

Our model rates NDAQ Favorable (66/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.

Revenue Growth
Research

4Y CAGR

8.8%

Revenue moved from $5.89B in 2021 to $8.26B in 2025, a 8.8% compound annual growth rate. The most recent year grew a steady 6.3% year over year. Slower, mature growth is common for established businesses.

Profitability
Research

Gross Margin

63.5%

Operating Margin

28.2%

Net Margin

21.6%

ROE

15.9%

Nasdaq, Inc. keeps about 23.0% of each sales dollar as net profit, with a 63.5% gross margin and 28.2% operating margin. Return on equity is 15.9% and return on invested capital about 9.0%. Margins this wide usually signal pricing power or a cost advantage.

Debt Analysis
Research

Total Debt

$8.53B

Net Debt

$8.01B

Net Debt / EBITDA

3.44x

Debt / Equity

0.74x

Leverage: debt-to-equity is 0.7x, and operating profit covers interest about 8.2x, with a current ratio of 1.0x. That is a moderate, manageable debt load for most businesses. It carries roughly $8.53B of total debt against $515.00M of cash.

Cash Flow Analysis
Research

Operating CF

$2.25B

Free Cash Flow

$1.99B

FCF Margin

24.1%

In the latest year Nasdaq, Inc. produced about $2.25B of operating cash flow and $1.99B of free cash flow after capital spending. That is a free-cash-flow yield of about 3.1% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.

Valuation Analysis
Research

P/E

24.33x

P/S

6.11x

P/B

4.18x

EV / EBITDA

23.63x

NDAQ trades at 24.3x trailing earnings (about 17.4x on estimated forward earnings), 6.1x sales, and 4.2x book value. Reverse-engineering today's price implies the market expects roughly 4.5% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.

Metrics vs. Typical Range

Where this stock sits versus what most companies trade at.

TTM P/E
24.3xFair
Forward P/E
17.4xFair
P/S ratio
6.1xExpensive
Revenue growth
6.3%Average
EPS growth
50.4%Strong
Gross margin
63.5%Strong
Net margin
23.0%Strong
ROE
15.9%Average

Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.

Sector Peer Comparison

How NDAQ stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.

In the Financials sector (76 S&P 500 companies), NDAQ ranks #32 of 76 by our overall rating. It trades at a premium versus the sector on earnings (24.3x P/E vs. 15.2x median) with a higher return on equity (15.9% vs. 15.3%) and slower revenue growth (6.3% vs. 9.1%).

P/E vs sector

24.3x

median 15.2x

ROE vs sector

15.9%

median 15.3%

Growth vs sector

6.3%

median 9.1%

Sector rank

#32

of 76 by rating

CompanyP/ERev Gr.Rating
NDAQThis stock24.3x6.3%Favorable· 66
COIN53.8x-5.8%Weak· 24
MSCI32.2x10.9%Favorable· 61
ICE19.1x7.3%Strong· 72
MCO31.6x8.9%Favorable· 62
CBOE23.3x10.6%Strong· 76
CME20.7x24.6%Strong· 81
SPGI25.5x8.5%Favorable· 65
Financials median15.2x9.1%65/100

Valuation vs. quality map

sector medianCOINMSCIICEMCOCBOECMESPGINDAQP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Financials companies by sub-industry and size. Sector median is across all 76 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$60.21$103.22

vs. $82.61 today · expected CAGR -6%5%

Metric20262027202820292030
Revenue$8.76B$9.28B$9.84B$10.43B$11.06B
Net income$1.93B$2.04B$2.16B$2.29B$2.43B
EPS$3.41$3.61$3.83$4.06$4.30
Share price (low)$47.70$50.56$53.59$56.81$60.21
Share price (high)$81.76$86.67$91.87$97.38$103.22
CAGR (low–high)-42% / -1%-22% / 2%-13% / 4%-9% / 4%-6% / 5%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for NDAQ:

  • High net margins (23.0%) point to pricing power or efficiency.
  • Strong return on equity (15.9%) shows capital is put to work well.
  • Our model's overall read is Favorable (66/100).
Bear Case

The case against NDAQ:

  • Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Research

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Investment Thesis
Research

On balance, the fundamentals screen favourably: Nasdaq, Inc. is a large-cap financials business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 24.3x earnings, which our model scores Favorable (66/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.