NASDAQ INC (NDAQ) Stock Fundamental Analysis
NASDAQ:NDAQ • US6311031081
88.59 USD
+4.6 (+5.48%)
At close: Feb 26, 2026
87.3109 USD
-1.28 (-1.44%)
Pre-Market: 2/27/2026, 9:09:33 AM
Taking everything into account, NDAQ scores 5 out of 10 in our fundamental rating. NDAQ was compared to 238 industry peers in the Capital Markets industry. NDAQ scores excellent on profitability, but there are some minor concerns on its financial health. While showing a medium growth rate, NDAQ is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- In the past year NDAQ was profitable.
- NDAQ had a positive operating cash flow in the past year.
- In the past 5 years NDAQ has always been profitable.
- Of the past 5 years NDAQ 4 years had a positive operating cash flow.
1.2 Ratios
- With a decent Return On Assets value of 5.30%, NDAQ is doing good in the industry, outperforming 69.33% of the companies in the same industry.
- NDAQ's Return On Equity of 13.52% is fine compared to the rest of the industry. NDAQ outperforms 72.27% of its industry peers.
- The Return On Invested Capital of NDAQ (8.11%) is better than 82.35% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for NDAQ is in line with the industry average of 7.31%.
- The 3 year average ROIC (7.14%) for NDAQ is below the current ROIC(8.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.3% | ||
| ROE | 13.52% | ||
| ROIC | 8.11% |
ROA(3y)4.24%
ROA(5y)4.8%
ROE(3y)11.47%
ROE(5y)14.25%
ROIC(3y)7.14%
ROIC(5y)8.41%
1.3 Margins
- NDAQ has a Profit Margin (19.89%) which is comparable to the rest of the industry.
- NDAQ's Profit Margin has improved in the last couple of years.
- NDAQ has a Operating Margin (28.43%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of NDAQ has grown nicely.
- NDAQ has a Gross Margin of 62.26%. This is in the better half of the industry: NDAQ outperforms 69.33% of its industry peers.
- In the last couple of years the Gross Margin of NDAQ has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.43% | ||
| PM (TTM) | 19.89% | ||
| GM | 62.26% |
OM growth 3Y3.2%
OM growth 5Y4.28%
PM growth 3Y6.39%
PM growth 5Y5.58%
GM growth 3Y3.55%
GM growth 5Y4.36%
2. Health
2.1 Basic Checks
- Compared to 1 year ago, NDAQ has less shares outstanding
- NDAQ has more shares outstanding than it did 5 years ago.
- NDAQ has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.56 indicates that NDAQ is not a great score, but indicates only limited risk for bankruptcy at the moment.
- NDAQ has a Altman-Z score of 2.56. This is in the better half of the industry: NDAQ outperforms 73.53% of its industry peers.
- NDAQ has a debt to FCF ratio of 4.34. This is a neutral value as NDAQ would need 4.34 years to pay back of all of its debts.
- The Debt to FCF ratio of NDAQ (4.34) is better than 71.85% of its industry peers.
- A Debt/Equity ratio of 0.72 indicates that NDAQ is somewhat dependend on debt financing.
- NDAQ has a Debt to Equity ratio of 0.72. This is comparable to the rest of the industry: NDAQ outperforms 57.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 2.56 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- NDAQ has a Current Ratio of 0.99. This is a bad value and indicates that NDAQ is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.99, NDAQ is in line with its industry, outperforming 44.96% of the companies in the same industry.
- A Quick Ratio of 0.99 indicates that NDAQ may have some problems paying its short term obligations.
- With a Quick ratio value of 0.99, NDAQ perfoms like the industry average, outperforming 45.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
- NDAQ shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.40%, which is quite impressive.
- NDAQ shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.09% yearly.
- NDAQ shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.08%.
- NDAQ shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.87% yearly.
EPS 1Y (TTM)23.4%
EPS 3Y9.28%
EPS 5Y11.09%
EPS Q2Q%26.32%
Revenue 1Y (TTM)11.08%
Revenue growth 3Y9.69%
Revenue growth 5Y7.87%
Sales Q2Q%13.45%
3.2 Future
- NDAQ is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.58% yearly.
- NDAQ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.71% yearly.
EPS Next Y13.86%
EPS Next 2Y13.29%
EPS Next 3Y13.5%
EPS Next 5Y11.58%
Revenue Next Year8.93%
Revenue Next 2Y8.53%
Revenue Next 3Y8.35%
Revenue Next 5Y6.71%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- NDAQ is valuated quite expensively with a Price/Earnings ratio of 25.46.
- Based on the Price/Earnings ratio, NDAQ is valued a bit more expensive than 70.59% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.11. NDAQ is around the same levels.
- Based on the Price/Forward Earnings ratio of 22.36, the valuation of NDAQ can be described as rather expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of NDAQ indicates a slightly more expensive valuation: NDAQ is more expensive than 61.76% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 28.13. NDAQ is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.46 | ||
| Fwd PE | 22.36 |
4.2 Price Multiples
- 71.85% of the companies in the same industry are more expensive than NDAQ, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, NDAQ is valued a bit cheaper than 60.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.11 | ||
| EV/EBITDA | 20.06 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of NDAQ may justify a higher PE ratio.
- NDAQ's earnings are expected to grow with 13.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.84
PEG (5Y)2.3
EPS Next 2Y13.29%
EPS Next 3Y13.5%
5. Dividend
5.1 Amount
- NDAQ has a Yearly Dividend Yield of 1.37%.
- Compared to an average industry Dividend Yield of 6.37, NDAQ is paying slightly less dividend.
- Compared to the average S&P500 Dividend Yield of 1.80, NDAQ is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
5.2 History
- The dividend of NDAQ is nicely growing with an annual growth rate of 8.85%!
- NDAQ has paid a dividend for at least 10 years, which is a reliable track record.
- NDAQ has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.85%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
- 36.06% of the earnings are spent on dividend by NDAQ. This is a low number and sustainable payout ratio.
- NDAQ's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP36.06%
EPS Next 2Y13.29%
EPS Next 3Y13.5%
88.59
+4.6 (+5.48%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-29 2026-01-29/bmo
Earnings (Next)04-22 2026-04-22
Inst Owners75.55%
Inst Owner Change-0.41%
Ins Owners0.54%
Ins Owner Change0.28%
Market Cap50.58B
Revenue(TTM)8.22B
Net Income(TTM)1.63B
Analysts82.61
Price Target113.61 (28.24%)
Short Float %1.83%
Short Ratio1.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
Yearly Dividend0.94
Dividend Growth(5Y)8.85%
DP36.06%
Div Incr Years12
Div Non Decr Years12
Ex-Date03-16 2026-03-16 (0.27)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.1%
Min EPS beat(2)1.81%
Max EPS beat(2)2.38%
EPS beat(4)3
Avg EPS beat(4)1%
Min EPS beat(4)-0.6%
Max EPS beat(4)2.38%
EPS beat(8)5
Avg EPS beat(8)0.99%
EPS beat(12)8
Avg EPS beat(12)1.15%
EPS beat(16)11
Avg EPS beat(16)1.77%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-0.53%
Max Revenue beat(2)0.31%
Revenue beat(4)1
Avg Revenue beat(4)-0.91%
Min Revenue beat(4)-1.92%
Max Revenue beat(4)0.31%
Revenue beat(8)3
Avg Revenue beat(8)-0.81%
Revenue beat(12)5
Avg Revenue beat(12)10.61%
Revenue beat(16)9
Avg Revenue beat(16)25.44%
PT rev (1m)2.7%
PT rev (3m)6.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.21%
EPS NY rev (1m)0.76%
EPS NY rev (3m)2.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)1.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.46 | ||
| Fwd PE | 22.36 | ||
| P/S | 6.19 | ||
| P/FCF | 24.11 | ||
| P/OCF | 21.66 | ||
| P/B | 4.21 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.06 |
EPS(TTM)3.48
EY3.93%
EPS(NY)3.96
Fwd EY4.47%
FCF(TTM)3.67
FCFY4.15%
OCF(TTM)4.09
OCFY4.62%
SpS14.3
BVpS21.06
TBVpS-15.64
PEG (NY)1.84
PEG (5Y)2.3
Graham Number40.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.3% | ||
| ROE | 13.52% | ||
| ROCE | 10.12% | ||
| ROIC | 8.11% | ||
| ROICexc | 8.3% | ||
| ROICexgc | 126.57% | ||
| OM | 28.43% | ||
| PM (TTM) | 19.89% | ||
| GM | 62.26% | ||
| FCFM | 25.69% |
ROA(3y)4.24%
ROA(5y)4.8%
ROE(3y)11.47%
ROE(5y)14.25%
ROIC(3y)7.14%
ROIC(5y)8.41%
ROICexc(3y)7.35%
ROICexc(5y)8.76%
ROICexgc(3y)118.06%
ROICexgc(5y)122.25%
ROCE(3y)8.99%
ROCE(5y)10.78%
ROICexgc growth 3Y7.04%
ROICexgc growth 5Y2.88%
ROICexc growth 3Y-8.1%
ROICexc growth 5Y-4.1%
OM growth 3Y3.2%
OM growth 5Y4.28%
PM growth 3Y6.39%
PM growth 5Y5.58%
GM growth 3Y3.55%
GM growth 5Y4.36%
F-Score8
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.34 | ||
| Debt/EBITDA | 2.94 | ||
| Cap/Depr | 37.98% | ||
| Cap/Sales | 2.9% | ||
| Interest Coverage | 6.23 | ||
| Cash Conversion | 79.26% | ||
| Profit Quality | 129.11% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 2.56 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.4%
EPS 3Y9.28%
EPS 5Y11.09%
EPS Q2Q%26.32%
EPS Next Y13.86%
EPS Next 2Y13.29%
EPS Next 3Y13.5%
EPS Next 5Y11.58%
Revenue 1Y (TTM)11.08%
Revenue growth 3Y9.69%
Revenue growth 5Y7.87%
Sales Q2Q%13.45%
Revenue Next Year8.93%
Revenue Next 2Y8.53%
Revenue Next 3Y8.35%
Revenue Next 5Y6.71%
EBIT growth 1Y22.92%
EBIT growth 3Y13.21%
EBIT growth 5Y12.49%
EBIT Next Year16.03%
EBIT Next 3Y7.86%
EBIT Next 5Y9.21%
FCF growth 1Y43.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y41.43%
OCF growth 3YN/A
OCF growth 5YN/A
NASDAQ INC / NDAQ FAQ
What is the fundamental rating for NDAQ stock?
ChartMill assigns a fundamental rating of 5 / 10 to NDAQ.
Can you provide the valuation status for NASDAQ INC?
ChartMill assigns a valuation rating of 3 / 10 to NASDAQ INC (NDAQ). This can be considered as Overvalued.
Can you provide the profitability details for NASDAQ INC?
NASDAQ INC (NDAQ) has a profitability rating of 7 / 10.
What is the valuation of NASDAQ INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for NASDAQ INC (NDAQ) is 25.46 and the Price/Book (PB) ratio is 4.21.
Can you provide the expected EPS growth for NDAQ stock?
The Earnings per Share (EPS) of NASDAQ INC (NDAQ) is expected to grow by 13.86% in the next year.