Skip to content
Company Analysis

Nasdaq, Inc. NDAQ

A comprehensive view of key metrics, scores, and financial health for Nasdaq, Inc.

Overview of Nasdaq, Inc.

NDAQ NMS
Financial Services Financial Data & Stock Exchanges Framework: Asset Management & Capital Markets Large Cap
Nasdaq, Inc. (NDAQ), is a Large Cap company, in the Financial Data & Stock Exchanges industry, last closed at $104.36, about 20.1% overvalued vs fair value, +18.6% 1Y return, ranked 273/1078 in sector.
Metrics P/E 31.4× Rev Growth 11.7% ROE 15.3% Gross Margin 42.2% Div Yield 1.08%
USD 104.36
-0.34%
(Delayed)
• Vol 90d: 28.3%
52-Week Range
Market Cap
$57.92B
Enterprise Value
$66.16B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Weak
Health
Fair
Efficiency
Weak
Valuation
Fair
Growth
Fair
Profitability
Weak
Health
Fair
Efficiency
Weak
Valuation
Fair
Completeness: 100%
Confidence: 95%
Updated: Oct 24
Top Beats

Quick Facts

Website https://www.nasdaq.com
HQ New York, NY
Employees 9,525
Fiscal year Dec 31

Next Events

Dividend Dec 4

Fair Value Snapshot

Bear Base Bull
$63
$83
$114
Current: $104.36 -20% vs base

Engine Room Money Flow™

Large Cap

Asset Management & Capital Markets - Where revenue goes and how value is created

Flow Steps
Total Revenue
$8.3B
11.6%%
Operating Income (FRE Proxy)
$2.4B
24.8%%
EBITDA
$3.1B
27.3%%
Net Income
$1.8B
60.1%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Asset Management & Capital Markets

Quality & Reliability Indicators

Operating Margin (FRE Proxy)
29.4%
Good

Operating Income / Revenue — proxy for Fee-Related Earnings margin

Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$1.2B
68.1% of Net Income

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
2
Active Leaks
1/2
Improving
0
High Impact
0
Critical
Locked Leak
Upgrade to view details
Premium
Moat Analysis Asset Management Specialized

Competitive Advantage Assessment

Evaluating Nasdaq, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
61
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Durable Capital Returns Return durability is high (score 0.85).
  • Consistent Fee Structure Fee margin stability is solid (score 0.85).

Key risks

  • AUM Retention Risk Revenue stickiness is low (stability score 0.38).
  • Weak Cash Conversion Cash conversion is weak (score 0.31).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Fee Revenue Quality

Moderate
70
Premium

Signals, strengths and risks for Fee Revenue Quality

Premium

Signals, strengths and risks for Client Retention & Revenue Stickiness

Premium

Signals, strengths and risks for Compensation Discipline

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Earnings Quality & Cash Conversion

Premium

Signals, strengths and risks for Balance Sheet Strength

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Asset Managers, Capital Markets & Exchanges vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing NDAQ's balance between Growth (39.4%), Profitability (33.8%), and Safety (26.8%). Growth 39% Safety 27% Profitability 34%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
Upgrade to unlock the full 3-year trend analysis and deltas.

Growth

63th percentile vs peers
64
Key Signals
EPS Growth YoY 60.2% 80p Rev Growth YoY 11.7% 63p Revenue CAGR 3Y 9.9% 52p EPS CAGR 3Y 11.0% 46p
Strengths
  • EPS Growth YoY in top 20% of peers (60.2%, 80th percentile)
  • Growth above peer median with strong metric coverage (100%)
Risks

No significant risks identified for this axis.

Profitability

54th percentile vs peers
55
Key Signals
Strengths
Risks
Premium
Unlock full Profitability drilldowns

See the signal-level drivers and insights behind this axis. Upgrade to reveal the full Trade-Off Ledger.

Upgrade Now

Safety

43th percentile vs peers
43
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Nasdaq, Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
X.X%
X%XX%
X.X%
-XX%XX%
XX.X%
-XX%XX%
Adjust the sliders above to explore different valuation scenarios.
Unlock Premium
Reveal the full Scenario Theatre
See live sliders, narratives, and full Bear/Base/Bull outcomes.
Upgrade Now
Bear
-
- - -
- upside
-
Base
$83.42
- - -
-20.1% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
Actions & Info
Send Feedback
Please select a category.
0/1000