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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 Large Cap
Nasdaq, Inc. (NDAQ), is a Large Cap company, in the Financial Data & Stock Exchanges industry, last closed at $90.43, about 7.8% overvalued vs fair value, +19.8% 1Y return, placing in the top 25% of its sector.
Metrics Rev Growth 11.7% ROE 15.3% Gross Margin 42.2% Div Yield 1.08%
$90.43
0.97%
As of April 28, 2026
Previous close • Vol 90d: 31.8%
52-Week Range
Market Cap
$51.14B
Enterprise Value
$60.00B
Overall Score
View breakdown
Overall
Growth
Good
Profitability
Good
Health
Weak
Efficiency
Weak
Valuation
Fair
Growth
Good
Profitability
Good
Health
Weak
Efficiency
Weak
Valuation
Fair
Completeness: 82%
Confidence: 79%
Updated: Mar 8
Top Beats
No strong beats yet

Quick Facts

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

Next Events

Dividend Mar 30
Earnings Apr 23 Estimated

Fair Value Snapshot

Bear Base Bull
$63
$83
$114
Current: $90.43 -8% 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

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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
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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

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Fee Revenue Quality

Moderate
68
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

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

Asset Managers, Capital Markets & Exchanges vs Industry Peers 95% Coverage
Trade-Off Triangle Visualization A ternary plot showing NDAQ's balance between Growth (36.5%), Profitability (33.4%), and Safety (30.1%). Growth 37% Safety 30% Profitability 33%

Click axes to expand details. Marker shows current allocation.

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Growth

55th percentile vs peers
55
Key Signals
Rev Growth YoY 11.7% 85p Revenue CAGR 3Y 9.9% 64p EPS Growth YoY -7.4% 14p
Strengths
  • Rev Growth YoY in top 20% of peers (11.7%, 85th percentile)
  • Conservative leverage compared to industry peers
Risks
  • EPS Growth YoY in bottom 20% of peers (-7.4%)

Profitability

50th percentile vs peers
51
Key Signals
Strengths
Risks
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Safety

45th percentile vs peers
46
Key Signals
Strengths
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Two Futures

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

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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
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Bear
-
- - -
- upside
-
Base
$83.34
- - -
-7.8% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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