Nasdaq, Inc.

NasdaqGS:NDAQ Stock Report

Market Cap: US$47.3b

Nasdaq Past Earnings Performance

Past criteria checks 5/6

Nasdaq has been growing earnings at an average annual rate of 6.6%, while the Capital Markets industry saw earnings growing at 3.9% annually. Revenues have been growing at an average rate of 11.1% per year. Nasdaq's return on equity is 14.6%, and it has net margins of 34.1%.

Key information

6.62%

Earnings growth rate

2.54%

EPS growth rate

Capital Markets Industry Growth10.26%
Revenue growth rate11.11%
Return on equity14.61%
Net Margin34.06%
Next Earnings Update23 Apr 2026

Recent past performance updates

Recent updates

Nasdaq Remains A Buy Opportunity As Organic Growth Surged Amidst Market Uncertainty

Apr 09

Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's

Jun 13
Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's

Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's

May 30
Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's

Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's

Apr 27
Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's

Nasdaq: Re-Rating After Coming Through

Apr 25

Nasdaq: Debt Reduction Underway And Company Well Positioned

Feb 02

Beyond The Index: Why Nasdaq Is A Fintech Powerhouse

Dec 26

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: Texas Stock Exchange Announcement Likely Not Cause For Major Concern

Jun 12

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
31 Dec 255,2491,7882,1320
30 Sep 255,0841,6252,0770
30 Jun 254,9151,5082,0460
31 Mar 254,7691,2782,0140
31 Dec 244,6491,1172,0320
30 Sep 244,5399592,0220
30 Jun 244,3349471,9320
31 Mar 244,0989911,8360
31 Dec 233,8951,0591,7320
30 Sep 233,6851,1031,6580
30 Jun 233,6351,1031,6490
31 Mar 233,6041,1431,6370
31 Dec 223,5821,1251,6300
30 Sep 223,5611,1431,6020
30 Jun 223,5081,1381,5900
31 Mar 223,4611,1731,5550
31 Dec 213,4201,1871,5190
30 Sep 213,3221,1531,4930
30 Jun 213,2001,1281,4160
31 Mar 213,0531,0281,3650
31 Dec 202,9039331,3560
30 Sep 202,7619111,2970
30 Jun 202,6787971,2700
31 Mar 202,6027301,2650
31 Dec 192,5357741,2080
30 Sep 192,5335271,2210
30 Jun 192,5025401,2180
31 Mar 192,4945281,2080
31 Dec 182,5264581,2350
30 Sep 182,5137481,2150
30 Jun 182,5157541,2090
31 Mar 182,4967381,2010
31 Dec 172,4117291,1550
30 Sep 172,3792581,1520
30 Jun 172,3612201,1570
31 Mar 172,3241441,1400
31 Dec 162,2761061,1180
30 Sep 162,2144811,0730
30 Jun 162,1584881,0320
31 Mar 162,1175511,0170
31 Dec 152,0904281,0230
30 Sep 152,0723661,0160
30 Jun 152,0403511,0160

Quality Earnings: NDAQ has high quality earnings.

Growing Profit Margin: NDAQ's current net profit margins (34.1%) are higher than last year (24%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NDAQ's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: NDAQ's earnings growth over the past year (60.1%) exceeds its 5-year average (6.6% per year).

Earnings vs Industry: NDAQ earnings growth over the past year (60.1%) exceeded the Capital Markets industry 19.1%.

Return on Equity

High ROE: NDAQ's Return on Equity (14.6%) 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 Analysis2026/04/12 10:45
End of Day Share Price 2026/04/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Nasdaq, Inc. is covered by 33 analysts. 12 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
Benjamin BudishBarclays
Roger FreemanBarclays