NASDAQ INC (NDAQ) Stock Fundamental Analysis

NASDAQ:NDAQ • US6311031081

88.437 USD
+0.35 (+0.39%)
Last: Mar 3, 2026, 02:08 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

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. While NDAQ has a great profitability rating, there are some minor concerns on its financial health. NDAQ is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • NDAQ had positive earnings in the past year.
  • In the past year NDAQ had a positive cash flow from operations.
  • NDAQ had positive earnings in each of the past 5 years.
  • NDAQ had a positive operating cash flow in each 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 5.76%. This is in the better half of the industry: NDAQ outperforms 73.53% of its industry peers.
  • NDAQ's Return On Equity of 14.62% is fine compared to the rest of the industry. NDAQ outperforms 75.21% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.44%, NDAQ belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NDAQ is in line with the industry average of 7.32%.
  • The last Return On Invested Capital (8.44%) for NDAQ is above the 3 year average (7.14%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.76%
ROE 14.62%
ROIC 8.44%
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 of 21.64%. This is comparable to the rest of the industry: NDAQ outperforms 57.14% of its industry peers.
  • NDAQ's Profit Margin has improved in the last couple of years.
  • The Operating Margin of NDAQ (29.42%) is comparable to the rest of the industry.
  • NDAQ's Operating Margin has improved in the last couple of years.
  • NDAQ's Gross Margin of 63.54% is fine compared to the rest of the industry. NDAQ outperforms 69.75% of its industry peers.
  • In the last couple of years the Gross Margin of NDAQ has grown nicely.
Industry RankSector Rank
OM 29.42%
PM (TTM) 21.64%
GM 63.54%
OM growth 3Y3.02%
OM growth 5Y4.17%
PM growth 3Y6.2%
PM growth 5Y5.47%
GM growth 3Y3.36%
GM growth 5Y4.25%
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

5

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.
  • Compared to 1 year ago, NDAQ has an improved debt to assets ratio.
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 2.56. 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.
  • With a decent Altman-Z score value of 2.56, NDAQ is doing good in the industry, outperforming 73.11% of the companies in the same industry.
  • NDAQ has a debt to FCF ratio of 4.53. This is a neutral value as NDAQ would need 4.53 years to pay back of all of its debts.
  • The Debt to FCF ratio of NDAQ (4.53) is better than 71.01% of its industry peers.
  • NDAQ has a Debt/Equity ratio of 0.70. This is a neutral value indicating NDAQ is somewhat dependend on debt financing.
  • NDAQ's Debt to Equity ratio of 0.70 is fine compared to the rest of the industry. NDAQ outperforms 60.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.53
Altman-Z 2.56
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

  • A Current Ratio of 1.01 indicates that NDAQ should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.01, NDAQ perfoms like the industry average, outperforming 45.38% of the companies in the same industry.
  • NDAQ has a Quick Ratio of 1.01. This is a normal value and indicates that NDAQ is financially healthy and should not expect problems in meeting its short term obligations.
  • NDAQ has a Quick ratio (1.01) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.01
Quick Ratio 1.01
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.
  • The Revenue has grown by 11.68% in the past year. This is quite good.
  • The Revenue has been growing slightly by 7.98% on average over the past years.
EPS 1Y (TTM)23.4%
EPS 3Y9.28%
EPS 5Y11.09%
EPS Q2Q%26.32%
Revenue 1Y (TTM)11.68%
Revenue growth 3Y9.89%
Revenue growth 5Y7.98%
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.
  • Based on estimates for the next years, NDAQ will show a small growth in Revenue. The Revenue will grow by 6.71% on average per year.
EPS Next Y13.86%
EPS Next 2Y13.29%
EPS Next 3Y13.5%
EPS Next 5Y11.58%
Revenue Next Year8.85%
Revenue Next 2Y8.46%
Revenue Next 3Y8.24%
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.
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

3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 25.41, which means the current valuation is very expensive for NDAQ.
  • Based on the Price/Earnings ratio, NDAQ is valued a bit more expensive than 69.75% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.13. NDAQ is around the same levels.
  • With a Price/Forward Earnings ratio of 22.32, NDAQ is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, NDAQ is valued a bit more expensive than 61.76% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.11, NDAQ is valued a bit cheaper.
Industry RankSector Rank
PE 25.41
Fwd PE 22.32
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 71.85% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as NDAQ.
Industry RankSector Rank
P/FCF 25.39
EV/EBITDA 19.15
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 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)1.83
PEG (5Y)2.29
EPS Next 2Y13.29%
EPS Next 3Y13.5%

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

5

5. Dividend

5.1 Amount

  • NDAQ has a Yearly Dividend Yield of 1.22%.
  • NDAQ's Dividend Yield is slightly below the industry average, which is at 6.45.
  • Compared to the average S&P500 Dividend Yield of 1.82, NDAQ is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.22%

5.2 History

  • On average, the dividend of NDAQ grows each year by 10.18%, 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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.18%
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

  • NDAQ pays out 33.61% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of NDAQ is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP33.61%
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 (3/3/2026, 2:08:08 PM)

88.437

+0.35 (+0.39%)

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-0.39%
Ins Owners0.54%
Ins Owner Change0.27%
Market Cap50.50B
Revenue(TTM)8.26B
Net Income(TTM)1.79B
Analysts82.61
Price Target112.91 (27.67%)
Short Float %1.76%
Short Ratio1.66
Dividend
Industry RankSector Rank
Dividend Yield 1.22%
Yearly Dividend1.05
Dividend Growth(5Y)10.18%
DP33.61%
Div Incr Years12
Div Non Decr Years12
Ex-Date03-16
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.42%
Min EPS beat(2)1.81%
Max EPS beat(2)3.02%
EPS beat(4)4
Avg EPS beat(4)1.91%
Min EPS beat(4)0.42%
Max EPS beat(4)3.02%
EPS beat(8)6
Avg EPS beat(8)1.41%
EPS beat(12)9
Avg EPS beat(12)1.73%
EPS beat(16)11
Avg EPS beat(16)1.56%
Revenue beat(2)0
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-0.53%
Max Revenue beat(2)0%
Revenue beat(4)1
Avg Revenue beat(4)-0.43%
Min Revenue beat(4)-1.51%
Max Revenue beat(4)0.31%
Revenue beat(8)2
Avg Revenue beat(8)-1.09%
Revenue beat(12)4
Avg Revenue beat(12)4.74%
Revenue beat(16)8
Avg Revenue beat(16)21.31%
PT rev (1m)2.06%
PT rev (3m)5.62%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)2.39%
EPS NY rev (1m)0.76%
EPS NY rev (3m)2.54%
Revenue NQ rev (1m)0.72%
Revenue NQ rev (3m)2.12%
Revenue NY rev (1m)0.43%
Revenue NY rev (3m)1.58%
Valuation
Industry RankSector Rank
PE 25.41
Fwd PE 22.32
P/S 6.11
P/FCF 25.39
P/OCF 22.39
P/B 4.13
P/tB N/A
EV/EBITDA 19.15
EPS(TTM)3.48
EY3.94%
EPS(NY)3.96
Fwd EY4.48%
FCF(TTM)3.48
FCFY3.94%
OCF(TTM)3.95
OCFY4.47%
SpS14.47
BVpS21.41
TBVpS-15.16
PEG (NY)1.83
PEG (5Y)2.29
Graham Number40.95
Profitability
Industry RankSector Rank
ROA 5.76%
ROE 14.62%
ROCE 10.53%
ROIC 8.44%
ROICexc 8.67%
ROICexgc 123.45%
OM 29.42%
PM (TTM) 21.64%
GM 63.54%
FCFM 24.07%
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 3Y3.02%
OM growth 5Y4.17%
PM growth 3Y6.2%
PM growth 5Y5.47%
GM growth 3Y3.36%
GM growth 5Y4.25%
F-Score9
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.53
Debt/EBITDA 2.8
Cap/Depr 42.09%
Cap/Sales 3.22%
Interest Coverage 6.87
Cash Conversion 73.62%
Profit Quality 111.24%
Current Ratio 1.01
Quick Ratio 1.01
Altman-Z 2.56
F-Score9
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)41.59%
Cap/Depr(5y)48.46%
Cap/Sales(3y)2.87%
Cap/Sales(5y)2.77%
Profit Quality(3y)137.18%
Profit Quality(5y)125.43%
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)11.68%
Revenue growth 3Y9.89%
Revenue growth 5Y7.98%
Sales Q2Q%13.45%
Revenue Next Year8.85%
Revenue Next 2Y8.46%
Revenue Next 3Y8.24%
Revenue Next 5Y6.71%
EBIT growth 1Y24.67%
EBIT growth 3Y13.21%
EBIT growth 5Y12.49%
EBIT Next Year16.1%
EBIT Next 3Y9.39%
EBIT Next 5Y9.21%
FCF growth 1Y14.84%
FCF growth 3Y8.57%
FCF growth 5Y13.33%
OCF growth 1Y16.3%
OCF growth 3Y9.75%
OCF growth 5Y12.49%

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 25.41 and the Price/Book (PB) ratio is 4.13.


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.