Nasdaq, Inc.

NasdaqGS:NDAQ Stock Report

Market Cap: US$44.7b

Nasdaq Past Earnings Performance

Past criteria checks 2/6

Nasdaq has been growing earnings at an average annual rate of 6.3%, while the Capital Markets industry saw earnings growing at 7.8% annually. Revenues have been growing at an average rate of 7.1% per year. Nasdaq's return on equity is 8.6%, and it has net margins of 13.7%.

Key information

6.3%

Earnings growth rate

5.0%

EPS growth rate

Capital Markets Industry Growth10.3%
Revenue growth rate7.1%
Return on equity8.6%
Net Margin13.7%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Getting In Cheap On Nasdaq, Inc. (NASDAQ:NDAQ) Might Be Difficult

Dec 06
Getting In Cheap On Nasdaq, Inc. (NASDAQ:NDAQ) Might Be Difficult

Nasdaq: Once Again Reports A Solid Quarter Of Organic Solutions Revenue Growth

Oct 25

Nasdaq: Tailwinds In IPO Activity And Software Company Acquisitions

Oct 07

Nasdaq Q3 Preview: Improving IPO Activity Could Start In H1 FY25

Sep 26

Nasdaq: Strong Q2 2024 Results, Solid Stock Reaction; Valuation Closer To Fair Value (Rating Downgrade)

Aug 04

Nasdaq, Inc. (NASDAQ:NDAQ) Not Flying Under The Radar

Jul 29
Nasdaq, Inc. (NASDAQ:NDAQ) Not Flying Under The Radar

Nasdaq: Texas Stock Exchange Announcement Likely Not Cause For Major Concern

Jun 12

Here's Why We Think Nasdaq, Inc.'s (NASDAQ:NDAQ) CEO Compensation Looks Fair for the time being

Jun 05
Here's Why We Think Nasdaq, Inc.'s (NASDAQ:NDAQ) CEO Compensation Looks Fair for the time being

Nasdaq's (NASDAQ:NDAQ) Shareholders Will Receive A Bigger Dividend Than Last Year

May 30
Nasdaq's (NASDAQ:NDAQ) Shareholders Will Receive A Bigger Dividend Than Last Year

Nasdaq (NASDAQ:NDAQ) Is Increasing Its Dividend To $0.24

May 03
Nasdaq (NASDAQ:NDAQ) Is Increasing Its Dividend To $0.24

Nasdaq: Operating Leverage Embedded Given Revenue Mix; Multiple Expansion Is Warranted

Apr 26

Nasdaq, Inc.'s (NASDAQ:NDAQ) Business Is Trailing The Market But Its Shares Aren't

Apr 05
Nasdaq, Inc.'s (NASDAQ:NDAQ) Business Is Trailing The Market But Its Shares Aren't

Nasdaq: 8%-11% Of Solutions Growth Target Is Impressive

Mar 12

Nasdaq: Green Shoots As We Start 2024

Jan 29

Unpleasant Surprises Could Be In Store For Nasdaq, Inc.'s (NASDAQ:NDAQ) Shares

Dec 29
Unpleasant Surprises Could Be In Store For Nasdaq, Inc.'s (NASDAQ:NDAQ) Shares

Revenue & Expenses Breakdown

How Nasdaq makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:NDAQ Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 247,0179592,0220
30 Jun 246,5679471,9320
31 Mar 246,2089911,8360
31 Dec 236,0641,0591,7320
30 Sep 235,9991,1031,6580
30 Jun 236,1051,1031,6490
31 Mar 236,2241,1431,6370
31 Dec 226,2261,1251,6300
30 Sep 226,1111,1431,6020
30 Jun 225,9101,1381,5900
31 Mar 225,7701,1731,5550
31 Dec 215,8861,1871,5190
30 Sep 215,8811,1531,4930
30 Jun 215,9371,1281,4160
31 Mar 215,9231,0281,3650
31 Dec 205,6259331,3560
30 Sep 205,2289111,2970
30 Jun 204,9137971,2700
31 Mar 204,5767301,2650
31 Dec 194,2587741,2080
30 Sep 194,3335271,2210
30 Jun 194,1995401,2180
31 Mar 194,1655281,2080
31 Dec 184,2774581,2350
30 Sep 184,1607481,2150
30 Jun 184,1637541,2090
31 Mar 184,1307381,2010
31 Dec 173,9487291,1550
30 Sep 173,9022581,1520
30 Jun 173,8652201,1570
31 Mar 173,7691441,1400
31 Dec 163,7041061,1180
30 Sep 163,5974811,0730
30 Jun 163,5404881,0320
31 Mar 163,4505511,0170
31 Dec 153,4034281,0230
30 Sep 153,4583661,0160
30 Jun 153,4043511,0160
31 Mar 153,4603201,0370
31 Dec 143,5004141,0660
30 Sep 143,4294691,0540
30 Jun 143,4164601,0760
31 Mar 143,3654461,0270
31 Dec 133,2113859770

Quality Earnings: NDAQ has high quality earnings.

Growing Profit Margin: NDAQ's current net profit margins (13.7%) are lower than last year (18.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NDAQ's earnings have grown by 6.3% per year over the past 5 years.

Accelerating Growth: NDAQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NDAQ had negative earnings growth (-13.1%) over the past year, making it difficult to compare to the Capital Markets industry average (12.6%).

Return on Equity

High ROE: NDAQ's Return on Equity (8.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:45
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nasdaq, Inc. is covered by 43 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin HealArgus Research Company
Roger FreemanBarclays
Benjamin BudishBarclays