NASDAQ INC (NDAQ) Stock Fundamental Analysis

NASDAQ:NDAQ • US6311031081

80.16 USD
-1.71 (-2.09%)
Last: Feb 23, 2026, 09:57 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall NDAQ gets a fundamental rating of 5 out of 10. We evaluated NDAQ against 238 industry peers in the Capital Markets industry. NDAQ scores excellent on profitability, but there are some minor concerns on its financial health. NDAQ has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • NDAQ had positive earnings in the past year.
  • NDAQ had a positive operating cash flow in the past year.
  • In the past 5 years NDAQ has always been profitable.
  • NDAQ had a positive operating cash flow in 4 of the past 5 years.
NDAQ Yearly Net Income VS EBIT VS OCF VS FCFNDAQ Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1.2 Ratios

  • NDAQ has a Return On Assets of 5.30%. This is in the better half of the industry: NDAQ outperforms 69.33% of its industry peers.
  • NDAQ has a Return On Equity of 13.52%. This is in the better half of the industry: NDAQ outperforms 72.27% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.11%, NDAQ belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
  • NDAQ had an Average Return On Invested Capital over the past 3 years of 7.14%. This is in line with the industry average of 7.29%.
  • The 3 year average ROIC (7.14%) for NDAQ is below the current ROIC(8.11%), indicating increased profibility in the last year.
Industry RankSector 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%
NDAQ Yearly ROA, ROE, ROICNDAQ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • NDAQ has a Profit Margin (19.89%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of NDAQ has grown nicely.
  • With a Operating Margin value of 28.43%, NDAQ perfoms like the industry average, outperforming 56.72% of the companies in the same industry.
  • In the last couple of years the Operating Margin of NDAQ has grown nicely.
  • Looking at the Gross Margin, with a value of 62.26%, NDAQ is in the better half of the industry, outperforming 69.33% of the companies in the same industry.
  • NDAQ's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
NDAQ Yearly Profit, Operating, Gross MarginsNDAQ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • Compared to 1 year ago, NDAQ has less shares outstanding
  • The number of shares outstanding for NDAQ has been increased compared to 5 years ago.
  • The debt/assets ratio for NDAQ has been reduced compared to a year ago.
NDAQ Yearly Shares OutstandingNDAQ Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
NDAQ Yearly Total Debt VS Total AssetsNDAQ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • NDAQ has an Altman-Z score of 2.44. This is not the best score and indicates that NDAQ is in the grey zone with still only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.44, NDAQ is in the better half of the industry, outperforming 72.69% of the companies in the same industry.
  • 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.
  • NDAQ has a better Debt to FCF ratio (4.34) than 71.85% of its industry peers.
  • NDAQ has a Debt/Equity ratio of 0.72. This is a neutral value indicating NDAQ is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.72, NDAQ perfoms like the industry average, outperforming 57.56% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 4.34
Altman-Z 2.44
ROIC/WACCN/A
WACCN/A
NDAQ Yearly LT Debt VS Equity VS FCFNDAQ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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.
  • NDAQ has a Current ratio (0.99) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.99 indicates that NDAQ may have some problems paying its short term obligations.
  • The Quick ratio of NDAQ (0.99) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.99
Quick Ratio 0.99
NDAQ Yearly Current Assets VS Current LiabilitesNDAQ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

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%.
  • Measured over the past years, NDAQ shows a small growth in Revenue. The Revenue has been growing by 7.87% on average per year.
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

  • The Earnings Per Share is expected to grow by 11.58% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.71% on average over the next years.
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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
NDAQ Yearly Revenue VS EstimatesNDAQ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B 8B
NDAQ Yearly EPS VS EstimatesNDAQ Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 23.03, the valuation of NDAQ can be described as rather expensive.
  • 69.33% of the companies in the same industry are cheaper than NDAQ, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, NDAQ is valued at the same level.
  • The Price/Forward Earnings ratio is 20.23, which indicates a rather expensive current valuation of NDAQ.
  • 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 61.34% of the companies listed in the same industry.
  • NDAQ's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.02.
Industry RankSector Rank
PE 23.03
Fwd PE 20.23
NDAQ Price Earnings VS Forward Price EarningsNDAQ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NDAQ is valued a bit cheaper than 72.69% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NDAQ indicates a somewhat cheap valuation: NDAQ is cheaper than 61.34% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 21.82
EV/EBITDA 18.76
NDAQ Per share dataNDAQ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of NDAQ may justify a higher PE ratio.
  • A more expensive valuation may be justified as NDAQ's earnings are expected to grow with 13.50% in the coming years.
PEG (NY)1.66
PEG (5Y)2.08
EPS Next 2Y13.29%
EPS Next 3Y13.5%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • NDAQ has a Yearly Dividend Yield of 1.37%. Purely for dividend investing, there may be better candidates out there.
  • NDAQ's Dividend Yield is slightly below the industry average, which is at 6.17.
  • Compared to the average S&P500 Dividend Yield of 1.81, NDAQ is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.37%

5.2 History

  • On average, the dividend of NDAQ grows each year by 8.85%, which is quite nice.
  • NDAQ has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NDAQ has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.85%
Div Incr Years12
Div Non Decr Years12
NDAQ Yearly Dividends per shareNDAQ Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

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%
NDAQ Yearly Income VS Free CF VS DividendNDAQ Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
NDAQ Dividend Payout.NDAQ Dividend Payout, showing the Payout Ratio.NDAQ Dividend Payout.PayoutRetained Earnings

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NASDAQ INC

NASDAQ:NDAQ (2/23/2026, 9:57:47 AM)

80.16

-1.71 (-2.09%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners75.55%
Inst Owner Change-0.41%
Ins Owners0.54%
Ins Owner Change0.28%
Market Cap45.77B
Revenue(TTM)8.22B
Net Income(TTM)1.63B
Analysts82.61
Price Target113.61 (41.73%)
Short Float %1.83%
Short Ratio1.8
Dividend
Industry RankSector 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
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 RankSector Rank
PE 23.03
Fwd PE 20.23
P/S 5.6
P/FCF 21.82
P/OCF 19.6
P/B 3.81
P/tB N/A
EV/EBITDA 18.76
EPS(TTM)3.48
EY4.34%
EPS(NY)3.96
Fwd EY4.94%
FCF(TTM)3.67
FCFY4.58%
OCF(TTM)4.09
OCFY5.1%
SpS14.3
BVpS21.06
TBVpS-15.64
PEG (NY)1.66
PEG (5Y)2.08
Graham Number40.6
Profitability
Industry RankSector 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 RankSector 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 2.44
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 4 / 10 to NASDAQ INC (NDAQ). This can be considered as Fairly Valued.


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 23.03 and the Price/Book (PB) ratio is 3.81.


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.