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Nasdaq, Inc. (NDAQ) stock

NDAQNasdaqSecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 22, 2026Score 18/3026% above fair value
$108.47−0.18 (-0.17%)

Close on Nov 13, 2026Market cap $60.20BP/E 29.6Yield 0.97%

Nasdaq, Inc. grew revenue 11.5% to $9.15B over the twelve months to Sep 30, 2026. Operating income rose 23.1% to $2.73B, moving the operating margin from 27.0% to 29.8%. Free cash flow was $2.26B, up 7.6% from a year earlier. At the latest close the market valued the company at $60.20B, 29.6 times its earnings.

Revenue
$9.15B
+11.5% vs. a year earlier
Operating income
$2.73B
+23.1% vs. a year earlier
Free cash flow
$2.26B
+7.6% vs. a year earlier
EPS, diluted
$3.66
+30.7% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$60.20B
P/E ratio
29.6
Price to sales
6.58
Price to book
5.02
Dividend yield
0.97%
Free cash flow yield
3.75%

Fundamentals

Revenue
$9.15B
Net income
$2.08B
EPS, diluted
$3.66
Free cash flow
$2.26B
Book value per share
$21.30
Diluted shares
563M

Trading

Next earnings
Jan 28, 2027 (estimated, before the open)
Previous close
$108.65
Open
$109.23
Day's range
$108.08 – $109.65
Volume
3,653,403
Average volume (20 days)
3,765,762
Index membership
S&P 500, Russell 1000, Russell 3000
Beta (5 years)
0.88
52-week range
$76.55 – $111.45
RSI (14 days)
65.0
Volatility (1 year)
28.6%
Relative volume
1.09×
WACC
8.8%

On 1 of our idea list: Dividend growers

Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2010, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodNDAQS&P 500DifferenceNDAQ per yearS&P 500 per year
1 month+16.0%-3.0%+19.1 pts
3 months+11.5%-2.8%+14.3 pts
Year to date+12.8%+11.5%+1.3 pts
1 year+25.7%+13.5%+12.2 pts
3 years+116.8%+77.7%+39.1 pts+29.4%+21.1%
5 years+67.3%+72.6%−5.4 pts+10.8%+11.5%
10 years+473.3%+308.2%+165.2 pts+19.1%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$9.15B+11.5% YoY

Gross profit

$5.78B+13.7% YoY

Operating income

$2.73B+23.1% YoY

Net income

$2.08B+28.2% YoY

EPS, diluted

$3.66+30.7% YoY

Free cash flow

$2.26B+7.6% YoY
Reported periodTrailing twelve months

Press releases

Releases Nasdaq filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Nasdaq

Security & Commodity Brokers, Dealers, Exchanges & Services

Nasdaq, Inc. operates as a financial technology and exchange services provider organized into three primary operating segments: Capital Access Platforms, Financial Technology, and Market Services. Through its Capital Access Platforms division, the company provides listing services, data products, index solutions, and workflow insight tools to corporate issuers and institutional participants. The Financial Technology segment supplies specialized software and infrastructure, encompassing capital markets technology, regulatory solutions, trade management services, and financial crime management technology. The Market Services segment provides trading, execution, and clearing services across cash equities, derivatives, fixed income instruments, and commodities.

Company profile, executives and history

Nasdaq stock: common questions

What is Nasdaq's stock price?

NDAQ closed at $108.47 on Nov 13, 2026, down 0.17% on the day. Over the past 52 weeks it traded between $76.55 and $111.45.

What is Nasdaq's market cap?

Nasdaq was worth $60.20B at the close on Nov 13, 2026: the share price times the diluted shares outstanding.

What is NDAQ's P/E ratio?

NDAQ trades at 29.6 times earnings, based on diluted earnings per share of $3.66 over the twelve months to Sep 30, 2026.

How much revenue does Nasdaq make?

Nasdaq reported revenue of $9.15B for the twelve months to Sep 30, 2026, up 11.5% from a year earlier.

Does Nasdaq pay a dividend?

Yes. Nasdaq paid $1.05 per share over the last twelve months, a yield of 0.97% at the latest price, and has raised its annual dividend 13 years in a row.

When does Nasdaq report earnings next?

Nasdaq is expected to report Q4 FY2026 results on Jan 28, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has NDAQ stock performed over the past year?

Including dividends, NDAQ returned +25.7% over the past year, against +13.5% for the S&P 500.

How many NDAQ shares are sold short?

9M shares were sold short at the latest FINRA report, 2.02% of the float, or 2.4 days of average trading volume.

Who are Nasdaq's competitors?

Companies most similar to Nasdaq by business, industry and size include ICE, CBOE, CME, BGC, TW.

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