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Nasdaq, Inc. (NDAQ)

96.88 -1.83 (-1.85%)
At close: September 4 at 4:00:00 PM EDT
97.50 +0.62 (+0.64%)
After hours: September 4 at 7:59:09 PM EDT
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Dividend
NDAQ announced a cash dividend of $0.31 with an ex-date of Sep. 11, 2026
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What's happening with NDAQ?

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Nasdaq has taken significant steps to enhance its AI capabilities by acquiring Dasseti, aiming to improve due diligence and data management in its investment platforms. The firm is also focusing on around-the-clock trading to boost liquidity and revenue, despite concerns over valuation and execution risks.

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  • Previous Close 98.71
  • Open 97.13
  • Bid 89.31 x 200
  • Ask 105.08 x 200
  • Day's Range 96.57 - 97.49
  • 52 Week Range 76.55 - 101.79
  • Volume 1,925,432
  • Avg. Volume 3,825,041
  • Market Cap (intraday) 54.154B
  • Beta (5Y Monthly) 0.97
  • PE Ratio (TTM) 28.24
  • EPS (TTM) 3.43
  • Earnings Date (est.) Oct 22, 2026
  • Forward Dividend & Yield 1.16 (1.18%)
  • Ex-Dividend Date Sep 11, 2026
  • 1y Target Est 109.87

Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally. It operates through three segments: Capital Access Platforms, Financial Technology, and Market Services. The company distributes historical and real-time market data; develops and licenses Nasdaq-branded indices and financial products; provides investor relations intelligence, governance solutions, and sustainability solution products for public and private companies, and organizations, as well as insights and workflow solutions; and operates listing platforms. It also offers Verafin, a cloud-based platform to detect, investigate, and report money laundering and financial frauds; AxiomSL, a risk data management and regulatory reporting solution; cloud-enabled and on-premises surveillance solutions to assist in complying with market rules, regulations, and internal market surveillance policies; Calypso, a platform providing cross-asset, front-to-back trading, treasury, risk, and collateral management solutions; and trade management and colocation services, as well as handles assets comprising cash equities, equity derivatives, currencies, various interest-bearing securities, commodities, energy products, and digital currencies. In addition, the company provides equity derivative trading and clearing, cash equity trading and fixed income, currency and commodities trading, and fixed income trading and clearing services, as well as tape plan data services; operates various exchanges, including derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and offers clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.

www.nasdaq.com

9,630

Full Time Employees

December 31

Fiscal Year Ends

Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

NDAQ
0.42%
S&P 500 (^GSPC)
12.75%

1-Year Return

NDAQ
4.03%
S&P 500 (^GSPC)
18.71%

3-Year Return

NDAQ
94.38%
S&P 500 (^GSPC)
70.93%

5-Year Return

NDAQ
56.72%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 1.5B
Earnings 507M
Profit Margin 33.80%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
500M
1B
2B
33.0%
34.0%
35.0%
36.0%
37.0%

Analyst Insights

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Top Analyst

RBC Capital
66/100
Latest Rating
Outperform

Analyst Price Targets

84.00 Low
109.87 Average
96.88 Current
135.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 7/24/2026
Analyst Keefe, Bruyette & Woods
Rating Action Maintains
Rating Market Perform
Price Action Raises
Price Target 92 -> 102

Statistics

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Valuation Measures

Annual
As of 9/2/2026
  • Market Cap

    53.51B

  • Enterprise Value

    59.96B

  • Trailing P/E

    27.91

  • Forward P/E

    20.41

  • PEG Ratio (5yr expected)

    1.52

  • Price/Sales (ttm)

    6.29

  • Price/Book (mrq)

    4.46

  • Enterprise Value/Revenue

    6.86

  • Enterprise Value/EBITDA

    17.51

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    35.04%

  • Return on Assets (ttm)

    5.85%

  • Return on Equity (ttm)

    16.52%

  • Revenue (ttm)

    5.61B

  • Net Income Avi to Common (ttm)

    1.97B

  • Diluted EPS (ttm)

    3.43

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    555M

  • Total Debt/Equity (mrq)

    77.69%

  • Levered Free Cash Flow (ttm)

    1.69B

Compare

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Company Insights

Fair Value

96.88 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports

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  • The major indices are solidly higher at midday. Earnings are rolling

    The major indices are solidly higher at midday. Earnings are rolling in and driving individual share prices. Many companies, as usual, are reporting results that are above expectations and that is lifting the overall mood, this as a relative quiet period in the Middle East is underway. Crude oil is at $76 per barrel and the yield on the 10-year note is at 4.64%.

  • Raising target price on licensed product growth

    Nasdaq Inc. is a provider of trading, clearing, exchange technology, regulatory, securities listing, information, and public company services. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services.

    Rating
    Price Target
  • Nasdaq Earnings: Growth Accelerates on Breakout Index and Capital Markets Performance; FVE Up to $84

    Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.5% of sales), the company sells market and financial data to investors, offers Nasdaq-branded indexes, and lists companies through its capital access segment (42.5%). Nasdaq's newest segment, financial technology, was primarily constructed through the acquisitions of Verafin and Adenza and has expanded the company into capital management, financial crime, and regulatory compliance software (35%) as it seeks to become a diversified technology company.

    Rating
    Price Target
  • Nasdaq Earnings: Growth Accelerates on Breakout Index and Capital Markets Performance; FVE Up to $84

    Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.5% of sales), the company sells market and financial data to investors, offers Nasdaq-branded indexes, and lists companies through its capital access segment (42.5%). Nasdaq's newest segment, financial technology, was primarily constructed through the acquisitions of Verafin and Adenza and has expanded the company into capital management, financial crime, and regulatory compliance software (35%) as it seeks to become a diversified technology company.

    Rating
    Price Target

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