Nasdaq · CIK 0001120193 · SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
Nasdaq, Inc.
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PRICE HISTORY
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- REVENUE FY2025 ENDED DEC 2025
- $8.3B
- EBITDA
- $2.5B
- FREE CASH FLOW
- $2.0B
- EPS
- $3.09
- GROSS MARGIN
- 63.53%
- ROIC
- 8.67%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET
VALUATION
what you pay for a unit of the business7 CHARTS⤢
P / E RATIO (TTM)
22.8x
-4%17.9x107.3x
⤢
P / SALES (TTM)
5.1x
+61%3.1x6.8x
⤢
P / BOOK
3.7x
+88%2.0x5.6x
⤢
EV / EBITDA (TTM)
19.3x
+26%14.3x27.9x
⤢
EV / REVENUE (TTM)
6.1x
+47%3.8x7.8x
⤢
FCF YIELD (TTM)
4.36%
-1.1pp2.38%6.76%
⤢
DIVIDEND YIELD (TTM)
1.42%
-0.3pp1.00%2.27%
GROWTH
is the business getting bigger5 CHARTS⤢
REVENUE
$2.5B
+173%⤢
EBITDA (DERIVED)
$0.9B
+215%⤢
NET INCOME
$0.5B
+287%⤢
EPS (DILUTED)
$0.89
+247%⤢
REVENUE GROWTH YOY
20.51%
+13.9pp-9.73%37.57%
PROFITABILITY & RETURNS
what survives to the bottom, and what it earns on capital4 CHARTS⤢
FCF MARGIN
25.04%
+21.9pp-4.53%37.13%
⤢
RETURN ON CAPITAL
9.72%
+4.5pp1.23%10.48%
⤢
RETURN ON EQUITY (TTM)
16.41%
+8.0pp1.95%19.51%
MARGIN FUNNEL
every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the businessGROSS MARGIN59.24%
OPERATING MARGIN28.12%
NET MARGIN20.02%
FCF MARGIN25.04%
CASH & CAPITAL
where the money actually goes5 CHARTS⤢
FREE CASH FLOW
$0.6B
+2086%⤢
STOCK-BASED COMP
$0.0B
+145%⤢
CAPITAL EXPENDITURE
$0.1B
+126%⤢
SHARES OUTSTANDING
0.57B
+12%⤢
DIVIDEND / SHARE
$0.31
+191%BALANCE SHEET
how much cushion there is3 CHARTS⤢
CASH & EQUIVALENTS
$0.5B
+102%⤢
TOTAL DEBT
$8.8B
+136%⤢
DEBT / EBITDA (TTM)
3.2x
-17%2.8x6.2x
OWNERSHIP
10 LARGEST HOLDERS · WHO OWNS THE FLOATINSTITUTIONS 86.08%INSIDERS 11.00%OTHER / RETAIL 2.91%1,536 INSTITUTIONAL FILERS
| HOLDER | % HELD | SHARES | VALUE | CHANGE |
|---|---|---|---|---|
| Investor AB | 10.44% | 58.4M | $5.52B | +0.3% |
| Blackrock Inc. | 6.83% | 38.2M | $3.61B | -3.4% |
| Wellington Management Group, LLP | 6.49% | 36.3M | $3.43B | -3.7% |
| Vanguard Capital Management LLC | 5.59% | 31.2M | $2.95B | NEW |
| Vanguard Portfolio Management LLC | 4.67% | 26.1M | $2.47B | NEW |
| Massachusetts Financial Services Co. | 4.16% | 23.3M | $2.20B | -20.0% |
| State Street Corporation | 3.53% | 19.7M | $1.86B | -0.8% |
| Geode Capital Management, LLC | 2.32% | 13.0M | $1.23B | +1.0% |
| Morgan Stanley | 1.83% | 10.3M | $970.1M | +10.7% |
| Franklin Resources, Inc. | 1.64% | 9.2M | $867.8M | -13.4% |
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.