Nasdaq (NDAQ) Financials: Revenue & Earnings

NDAQ price $105.23 +0.87 +0.83%

Ticker
NDAQ
Price
$105.23
Change
+0.87 +0.83%
Market cap ?
$58.82B
P/E ?
28.30
Forward P/E ?
25.42
Dividend yield ?
1.11%
Beta ?
1.00
Sector
Financial Services
Industry
Financial - Data & Stock Exchanges
Stocklytics score
48
Value
27
Quality
65
Growth
52

Stocklytics score rationale: value 27, quality 65, growth 52.

Financials

2016201720182019202020212022202320242025
3704000000394800000042770000004258000000562500000058860000006226000000606400000074000000008218000000

Nasdaq, Inc., a technology powerhouse founded in 1971 and based in New York City, is dedicated to supporting capital markets and various other sectors worldwide. Its Market Technology division specializes in fighting financial crime, offering products like Nasdaq Trade Surveillance, a SaaS solution that assists brokers and market participants in meeting compliance requirements and internal surveillance policies…

Fair value

NDAQ fair value $127.92. Price $105.23. Price is 18% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 94% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 2.26B. Growth 19.27%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.79% (beta 1.0). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 558.98M. Net debt 9.11B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare NDAQ

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-04—1.07—1.54B
2026-10-221.041.021.48B1.47B
2026-07-231.070.981.50B1.46B
2026-04-230.960.931.41B1.37B
2026-01-290.960.921.39B1.37B
2025-10-210.880.851.96B1.30B
2025-07-240.850.811.31B1.28B
2025-04-240.790.771.24B1.23B
2025-01-290.760.742.03B1.23B
2024-10-240.740.691.90B1.17B
2024-07-250.690.641.79B1.13B
2024-04-250.630.651.67B1.11B
2024-01-310.720.701.65B1.07B
2023-10-180.710.681.45B958.59M
2023-07-190.710.651.43B914.85M
2023-04-190.690.661.53B908.67M
2023-01-250.640.651.58B909.53M
2022-10-190.680.651.56B885.89M
2022-07-200.690.641.55B881.23M
2022-04-200.660.651.53B892.54M
2022-01-260.640.591.47B866.45M
2021-10-200.590.571.36B830.43M
2021-07-210.630.581.41B830.61M
2021-04-210.650.581.65B770.17M
2021-01-270.530.481.46B1.31B
2020-10-210.510.491.41B1.35B
2020-07-220.510.481.40B1.32B
2020-04-220.500.491.35B1.32B
2020-01-290.430.421.06B1.05B
2019-10-230.420.401.10B1.04B
2019-07-240.410.401.06B1.04B
2019-04-240.410.391.04B987.90M
2019-01-300.420.421.14B1.15B
2018-10-240.380.38964.00M955.62M
2018-07-250.390.391.03B1.02B
2018-04-250.410.401.15B1.11B
2018-01-310.350.331.02B975.24M
2017-10-250.350.34969.00M932.43M
2017-07-260.340.321.00B941.18M
2017-04-260.370.35971.00M935.69M

Dividends

Yield 1.10%. Payout ratio 31.32%. Frequency Quarterly.

Safety score 91/100 · Safe. Payout ratio is 31% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 15 separate years. Yield is 1.1%, which is modest.

Ex-dateDividendRecordPaymentFrequency
2026-12-04$0.312026-12-042026-12-18Quarterly
2026-09-11$0.312026-09-112026-09-25Quarterly
2026-06-12$0.312026-06-122026-06-26Quarterly
2026-03-16$0.272026-03-162026-03-30Quarterly
2025-12-05$0.272025-12-052025-12-19Quarterly
2025-09-12$0.272025-09-122025-09-26Quarterly
2025-06-13$0.272025-06-132025-06-27Quarterly
2025-03-14$0.242025-03-142025-03-28Quarterly
2024-12-06$0.242024-12-062024-12-20Quarterly
2024-09-13$0.242024-09-132024-09-27Quarterly
2024-06-14$0.242024-06-142024-06-28Quarterly
2024-03-13$0.222024-03-182024-03-28Quarterly
2023-12-07$0.222023-12-082023-12-22Quarterly
2023-09-14$0.222023-09-152023-09-29Quarterly
2023-06-15$0.222023-06-162023-06-30Quarterly
2023-03-16$0.202023-03-172023-03-31Quarterly
2022-12-01$0.202022-12-022022-12-16Quarterly
2022-09-15$0.202022-09-162022-09-30Quarterly
2022-06-09$0.202022-06-102022-06-24Quarterly
2022-03-10$0.182022-03-112022-03-25Quarterly
2021-12-02$0.182021-12-032021-12-17Quarterly
2021-09-09$0.182021-09-102021-09-24Quarterly
2021-06-10$0.182021-06-112021-06-25Quarterly
2021-03-11$0.162021-03-122021-03-26Quarterly
2020-12-03$0.162020-12-042020-12-18Quarterly
2020-09-10$0.162020-09-112020-09-25Quarterly
2020-06-11$0.162020-06-122020-06-26Quarterly
2020-03-12$0.162020-03-132020-03-27Quarterly
2019-12-12$0.162019-12-132019-12-27Quarterly
2019-09-12$0.162019-09-132019-09-27Quarterly
2019-06-13$0.162019-06-142019-06-28Quarterly
2019-03-14$0.152019-03-152019-03-29Quarterly
2018-12-13$0.152018-12-142018-12-28Quarterly
2018-09-13$0.152018-09-142018-09-28Quarterly
2018-06-14$0.152018-06-152018-06-29Quarterly
2018-03-15$0.132018-03-162018-03-30Quarterly
2017-12-14$0.132017-12-152017-12-29Quarterly
2017-09-14$0.132017-09-152017-09-29Quarterly
2017-06-14$0.132017-06-162017-06-30Quarterly
2017-03-15$0.112017-03-172017-03-31Quarterly
2016-12-14$0.112016-12-162016-12-30Quarterly
2016-09-14$0.112016-09-162016-09-30Quarterly
2016-06-08$0.112016-06-102016-06-24Quarterly
2016-03-10$0.082016-03-142016-03-28Quarterly
2015-12-10$0.082015-12-142015-12-28Quarterly
2015-09-09$0.082015-09-112015-09-25Quarterly
2015-06-10$0.082015-06-122015-06-26Quarterly
2015-03-11$0.052015-03-132015-03-27Quarterly
2014-12-10$0.052014-12-122014-12-26Quarterly
2014-09-10$0.052014-09-122014-09-26Quarterly
2014-06-11$0.052014-06-132014-06-27Quarterly
2014-03-12$0.042014-03-142014-03-28Quarterly
2013-12-11$0.042013-12-132013-12-27Quarterly
2013-09-11$0.042013-09-132013-09-27Quarterly
2013-06-12$0.042013-06-142013-06-28Quarterly
2013-03-12$0.042013-03-142013-03-28Quarterly
2012-12-12$0.042012-12-142012-12-28Quarterly
2012-09-12$0.042012-09-142012-09-28Quarterly
2012-06-13$0.042012-06-152012-06-29Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-23Tal CohenSell10.39K$103.341.07M
2026-10-23Peterson Bradley JSell4.00K$103.38413.52K
2026-10-20SKULE JEREMYSell1.12K$95.00106.88K
2026-10-12SKULE JEREMYSell1.12K$94.13105.90K
2026-10-01SKULE JEREMYSell1.26K$92.01116.12K
2026-09-22SKULE JEREMYSell1.12K$95.00106.88K
2026-09-10SKULE JEREMYSell1.12K$94.22106.00K
2026-08-10SKULE JEREMYSell2.25K$94.75213.19K
2026-08-10Griggs PC NelsonSell3.23K$96.16310.21K
2026-08-07Peterson Bradley JSell6.00K$95.55573.30K
2026-08-03Smith Bryan EverardSell1.56K$95.07147.93K
2026-07-29Griggs PC NelsonSell11.01K$96.351.06M
2026-07-27Griggs PC NelsonSell11.01K$93.961.03M
2026-07-24Peterson Bradley JSell13.00K$92.611.20M
2026-07-24Griggs PC NelsonSell6.78K$92.53627.08K
2026-07-01Smith Bryan EverardSell3.00K$80.00240.00K
2026-06-11INVESTOR ABBuy56.78K$85.984.88M
2026-06-11Smith Bryan EverardSell3.00K$86.91260.73K
2026-06-11Torgeby JohanSell300$86.7226.02K
2026-06-11Kazim EssaSell622$86.7253.94K
2026-06-10SPAHT PAUL HOLDEN JR.Buy3.00K——
2026-06-10YABUKI JEFFERY WBuy4.61K——
2026-06-10BEGLEY CHARLENE TBuy3.00K——
2026-06-10Koch Kathryn A.Buy3.17K——
2026-06-10ZOLLAR ALFRED WBuy4.50K——
2026-06-10KLOET THOMAS ABuy4.55K——
2026-06-10Townes-Whitley ToniBuy3.00K——
2026-06-10ARNOLDI MELISSABuy4.32K——
2026-06-10SPLINTER MICHAEL RBuy5.25K——
2026-06-10Torgeby JohanBuy3.00K——
2026-06-10Kazim EssaBuy4.15K——
2026-05-18Griggs PC NelsonSell5.09K$92.62471.71K
2026-04-28Peterson Bradley JSell7.71K$90.82700.22K
2026-04-27Tal CohenSell15.52K$90.751.41M
2026-04-24Daly Michelle LynnSell1.19K$88.82106.05K
2026-04-24Daly Michelle LynnSell129$88.8511.46K
2026-04-03Daly Michelle LynnSell424$86.6536.74K
2026-04-03FRIEDMAN ADENA TSell8.07K$86.65699.70K
2026-04-03Peterson Bradley JSell1.50K$86.65129.89K
2026-04-03SKULE JEREMYSell1.02K$86.6588.12K
2026-04-03Smith Bryan EverardSell813$86.6570.45K
2026-04-03Tal CohenSell1.56K$86.65135.61K
2026-04-03Griggs PC NelsonSell1.56K$86.65135.61K
2026-04-03Zecca JohnSell780$86.6567.59K
2026-04-01FRIEDMAN ADENA TBuy113.61K$22.222.52M
2026-04-01FRIEDMAN ADENA TBuy39.93K——
2026-04-01FRIEDMAN ADENA TSell13.74K$84.891.17M
2026-04-01FRIEDMAN ADENA TSell113.61K$85.449.71M
2026-04-01FRIEDMAN ADENA TSell113.61K$22.222.52M
2026-04-01Youngwood SarahBuy15.27K——
2026-04-01Smith Bryan EverardBuy7.05K——
2026-04-01Smith Bryan EverardSell2.15K$84.89182.43K
2026-04-01Daly Michelle LynnBuy2.02K——
2026-04-01Daly Michelle LynnSell832$84.8970.63K
2026-04-01Tal CohenBuy15.27K——
2026-04-01Tal CohenSell11.14K$84.89945.76K
2026-04-01Peterson Bradley JBuy8.10K——
2026-04-01Peterson Bradley JSell2.76K$84.89234.38K
2026-04-01SKULE JEREMYBuy7.63K——
2026-04-01SKULE JEREMYSell2.33K$84.89197.96K
2026-04-01Griggs PC NelsonBuy11.74K——
2026-04-01Griggs PC NelsonSell3.31K$84.89280.82K
2026-04-01Zecca JohnBuy7.34K——
2026-04-01Zecca JohnSell2.10K$84.89178.01K
2026-03-11FRIEDMAN ADENA TSell56.79K——
2026-03-11FRIEDMAN ADENA TSell56.79K——
2026-03-06FRIEDMAN ADENA TBuy92.84K$22.222.06M
2026-03-06FRIEDMAN ADENA TSell92.84K$90.088.36M
2026-03-06FRIEDMAN ADENA TSell92.84K$22.222.06M
2026-03-02Smith Bryan EverardSell6.00K$87.24523.44K
2026-02-19Daly Michelle LynnSell4.34K$81.34352.93K
2026-02-17Torgeby JohanBuy12.00K$79.86958.32K
2026-02-13INVESTOR ABBuy200.00K$79.1815.84M
2026-02-12FRIEDMAN ADENA TBuy228.46K——
2026-02-12FRIEDMAN ADENA TBuy41.74K——
2026-02-12FRIEDMAN ADENA TSell115.78K$80.429.31M
2026-02-11Smith Bryan EverardBuy21.09K——
2026-02-11Smith Bryan EverardBuy8.03K——
2026-02-11Smith Bryan EverardSell9.92K$82.51818.83K
2026-02-11SKULE JEREMYBuy26.36K——
2026-02-11SKULE JEREMYBuy8.03K——
2026-02-11SKULE JEREMYSell12.84K$82.511.06M
2026-02-11Peterson Bradley JBuy43.93K——
2026-02-11Peterson Bradley JBuy9.63K——
2026-02-11Peterson Bradley JSell19.74K$82.511.63M
2026-02-11Griggs PC NelsonBuy43.93K——
2026-02-11Griggs PC NelsonBuy12.84K——
2026-02-11Griggs PC NelsonSell20.67K$82.511.71M
2026-02-11Daly Michelle LynnBuy6.92K——
2026-02-11Daly Michelle LynnBuy1.76K——
2026-02-11Daly Michelle LynnSell2.58K$82.51212.88K
2026-02-11Tal CohenBuy43.93K——
2026-02-11Tal CohenBuy12.84K——
2026-02-11Tal CohenSell20.67K$82.511.71M
2026-02-11Zecca JohnBuy24.60K——
2026-02-11Zecca JohnBuy8.03K——
2026-02-11Zecca JohnSell9.43K$82.51778.07K
2026-02-02FRIEDMAN ADENA TBuy300.00K$22.226.67M
2026-02-02FRIEDMAN ADENA TSell300.00K$96.9129.07M
2026-02-02FRIEDMAN ADENA TSell300.00K$22.226.67M

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.12K, holders -19 vs prior quarter. Ownership 83.91%.

HolderSharesChangeChange %Value
INVESTOR AB58.44M56.78K+0.10%4.61B
BLACKROCK, INC.37.19M-975.71K-2.56%2.93B
VANGUARD CAPITAL MANAGEMENT LLC31.23M-12.19K-0.04%2.46B
WELLINGTON MANAGEMENT GROUP LLP30.33M-5.95M-16.39%2.39B
VANGUARD PORTFOLIO MANAGEMENT LLC26.09M-12.17K-0.05%2.06B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/23.26M-5.80M-19.96%1.83B
STATE STREET CORP20.18M467.16K+2.37%1.59B
GEODE CAPITAL MANAGEMENT, LLC13.12M143.90K+1.11%1.03B
MORGAN STANLEY11.36M1.10M+10.73%895.06M
FRANKLIN TEMPLETON INC9.10M-69.62K-0.76%717.62M
HARRIS ASSOCIATES L P8.09M82.50K+1.03%637.87M
UBS GROUP AG7.88M895.41K+12.81%621.40M
BANK OF AMERICA CORP /DE/7.66M-185.33K-2.36%603.63M
NORGES BANK6.69M6.69MNew527.40M
SELECT EQUITY GROUP, L.P.5.65M83.19K+1.50%445.04M
AMERIPRISE FINANCIAL INC5.36M24.05K+0.45%419.25M
NUVEEN, LLC5.20M-669.99K-11.42%409.52M
GOLDMAN SACHS GROUP INC4.95M501.83K+11.29%390.01M
MANUFACTURERS LIFE INSURANCE COMPANY, THE4.79M258.09K+5.69%377.82M
FMR LLC4.59M483.76K+11.77%362.04M
NORTHERN TRUST CORP4.12M-126.81K-2.98%325.10M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC3.88M177.11K+4.78%306.14M
JPMORGAN CHASE & CO3.66M2.04M+126.61%280.89M
INVESCO LTD.3.28M-1.20M-26.78%258.67M
BARCLAYS PLC3.16M1.84M+140.48%248.93M

Earnings and financials

Nasdaq, Inc. (NDAQ) trades at $105.23, with a market cap of $58.82B and a trailing P/E of 28.30. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
3704000000394800000042770000004258000000562500000058860000006226000000606400000074000000008218000000

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

Nasdaq (NDAQ) Financials: Revenue & Earnings

NDAQ$105.23+0.87 +0.83%

$58.82B

Market Cap

28.30

P/E

25.42

Forward P/E

48

Score

Price History