NDAQ
Nasdaq, Inc.
$95.33
▲ 0.7%Updated Today 11:30 AM ET
NDAQ at a glance — five pillars scored 0–100 from real filed financials.
Overall: Favorable · 60/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▼ Down 4.8% over the last 12 months
Market Cap
$47.88B
P/E
28.2x
Forward P/E (est.)
20.14x
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)
4.7%
Rating Score
60/100
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 $47.88B.
In its latest reported year it generated about $8.26B in revenue and $1.79B in net profit.
Our model rates NDAQ Favorable (60/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
The filed history looks like a business competitors struggle to attack: high and steady margins, revenue that grows through cycles, and strong returns on capital.
63.5% average over the last 3 years
±3.5 pts around 59.9% across 10 years
grew in 7 of the last 9 year-over-year periods
positive in 10 of 10 years
9.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
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 $95.33, above its 50-day average ($87.80) and 200-day average ($89.04). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
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 46 it is in neutral territory — neither stretched nor washed out.
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 $3.23 (~3.4% 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 $76.55 (support) and sellers near $92.75 (resistance); its 52-week range is $76.55–$101.79. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.9× the 20-day average — about normal. 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.
4Y CAGR
8.8%
Revenue moved from $3.70B in 2016 to $8.26B in 2025, a 9.3% compound annual growth rate. The most recent year grew a steady 6.3% year over year. Slower, mature growth is common for established businesses.
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.
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.
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.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
1.4%
Per share (latest FY)
$1.05
Total paid (latest FY)
$601.00M
History on record
10 years
dividend uses 30% of free cash flow
34% of net income paid out
total dividends increased 9 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
28.2x
P/S
6.11x
P/B
4.84x
EV / EBITDA
—
NDAQ trades at 28.2x trailing earnings (about 20.1x on estimated forward earnings), 6.1x sales, and 4.8x book value. Reverse-engineering today's price implies the market expects roughly 4.7% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$68.86
Current price
$95.33
Starting FCF (latest 10-K)
$1.99B
Growth, years 1–5
6.3%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where NDAQ sits versus its Financials sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 141 Financials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How NDAQ stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
In the Financials sector (289 S&P 500 companies), NDAQ ranks #88 of 289 by our overall rating. It trades at a premium versus the sector on earnings (28.2x P/E vs. 15.8x median) with a higher return on equity (15.9% vs. 13.6%) and slower revenue growth (6.3% vs. 15.9%).
P/E vs sector
28.2x
median 15.8x
ROE vs sector
15.9%
median 13.6%
Growth vs sector
6.3%
median 15.9%
Sector rank
#88
of 289 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size. Sector median is across all 289 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $95.33 today · expected CAGR -3% – 7%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $8.76B | $9.28B | $9.84B | $10.43B | $11.06B |
| Net income | $1.93B | $2.04B | $2.16B | $2.29B | $2.43B |
| EPS | $3.84 | $4.07 | $4.31 | $4.57 | $4.84 |
| Share price (low) | $65.22 | $69.13 | $73.28 | $77.67 | $82.33 |
| Share price (high) | $107.41 | $113.86 | $120.69 | $127.93 | $135.61 |
| CAGR (low–high) | -32% / 13% | -15% / 9% | -8% / 8% | -5% / 8% | -3% / 7% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
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 (60/100).
The case against NDAQ:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
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 28.2x earnings, which our model scores Favorable (60/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 24 Wall Street analysts covering NDAQ recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
NDAQ's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
NDAQ — frequently asked questions
Is NDAQ a good stock to buy?
We don't give buy or sell advice. Our model rates Nasdaq, Inc. Favorable (60/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is NDAQ's rating on The Stocks School?
Nasdaq, Inc. currently scores 60/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does NDAQ's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Nasdaq, Inc.'s SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for NDAQ calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this NDAQ analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell NDAQ. Always do your own research and consider a licensed professional.
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.