NDAQ · Nasdaq, Inc.
What's happening
- NDAQ is up 6.41% today, trading at $102.36. — Live quote
- It's trading within 3% of its 52-week high ($101.79). (Finnhub fundamentals)
- Volume today (163,174) is well below its 3-month average of 3,634,930. (Finnhub fundamentals)
- Reports earnings on 2026-10-22 (before market open), 0 days away. (Finnhub earnings calendar)
- Last quarter's EPS beat estimates: $1.04 actual vs. $1.04 estimated (+0.3%). (Finnhub earnings history)
Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.
Key Statistics
Analyst Recommendations
Aggregate ratings for 2026-10-01 (24 analysts polled by Finnhub) — consensus count.
Performance Overview (Trailing returns vs S&P 500 benchmark)
Earnings Trends (Quarterly EPS Actual vs Estimate)
Valuation Measures & Ratios
Quarterly history (5 periods)
| Measure | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 |
|---|---|---|---|---|---|
| Market cap | $44.75B | $48.08B | $50.57B | $50.99B | $43.24B |
| P/E | 23.54 | 26.88 | 32.09 | 37.09 | 37.37 |
| Price/Sales | 5.13 | 5.80 | 6.28 | 6.46 | 5.79 |
| Price/Book | 3.73 | 4.00 | 4.21 | 4.32 | 3.74 |
| EV/Revenue | 6.07 | 6.82 | 7.35 | 7.53 | 6.95 |
| ROE | 15.86% | 14.87% | 13.11% | 11.64% | 10.02% |
| ROA | 6.95% | 6.55% | 5.14% | 4.53% | 3.78% |
Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E/PEG unavailable (no free data source).
Glossary — what these abbreviations mean
- 1. TTM
- Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
- 2. EPS
- Earnings per share — net income divided by diluted shares outstanding.
- 3. Beta
- A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
- 4. EV (Enterprise Value)
- Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
- 5. Forward P/E
- Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
- 6. PEG Ratio
- P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
- 7. Price / Book
- Share price divided by book value (assets minus liabilities) per share.
- 8. ROE
- Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
- 9. ROA
- Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
- 10. MRQ
- Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
- 11. YoY
- Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.
Short Interest
Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-09-30. Reported bi-monthly with a reporting lag — not real-time.
Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.
Price history
Drag horizontally to zoom into a section; use Reset view to restore all observations.
Technical signal summary
Calculating from the latest year of daily price history…
Show Technical Analysis Breakdown ▾ 10 Indicators
Not investment advice — read several signals together.
Indicators None active
History limited by data provider; markers are heuristics, not signals.
Peer and sector context
Balanced evidence
A deterministic summary of sourced facts—not an AI verdict.
Potential strengths
- Revenue growth is 21.1% on the provider's reported measure. Finnhub fundamentals ↗
- Net profit margin is 22.5%. Finnhub fundamentals ↗
- Trailing 52-week price return is +6.4%. Finnhub market metrics ↗
Potential concerns
- Latest SEC filing is Form 8-K, filed 2026-10-22; review it for current changes and risks. SEC EDGAR ↗
Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.
More on NDAQ
No accessible free API for these — links go to the source directly.
Financials
Fundamental trends
Visualized from the same SEC figures in the tables below.
Income statement
| Line item | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.53B | $2.14B | $1.96B | $2.10B | $2.10B | $1.90B | $1.79B | $1.67B |
| Gross profit | $1.50B | $1.41B | $1.31B | $1.31B | $1.24B | $1.15B | $1.16B | $1.12B |
| Operating income | $712.0M | $657.0M | $586.0M | $568.0M | $547.0M | $448.0M | $423.0M | $410.0M |
| Net income | $507.0M | $519.0M | $423.0M | $452.0M | $395.0M | $306.0M | $222.0M | $234.0M |
| EPS (diluted) | $0.89 | $0.91 | $0.73 | $0.78 | $0.68 | $0.53 | $0.38 | $0.40 |
| EPS (basic) | $0.90 | $0.92 | $0.74 | $0.79 | $0.69 | $0.53 | $0.39 | $0.41 |
| Operating margin | $28 | $31 | $30 | $27 | $26 | $24 | $24 | $24 |
| Net margin | $20 | $24 | $22 | $22 | $19 | $16 | $12 | $14 |
Balance sheet
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $27.34B | $27.30B | $31.05B | $30.65B | $30.38B | $30.65B | $30.39B | $30.56B |
| Total liabilities | $15.35B | $15.26B | $18.82B | $18.62B | $18.57B | $19.09B | $19.20B | $19.48B |
| Stockholders' equity | $11.99B | $12.03B | $12.23B | $12.02B | $11.81B | $11.55B | $11.19B | $11.07B |
| Total current assets | $4.53B | $4.37B | $8.00B | $7.60B | $7.35B | $7.82B | $7.79B | $7.56B |
| Total current liabilities | $4.50B | $4.39B | $7.96B | $7.71B | $7.66B | $7.97B | $7.90B | $7.93B |
| Cash & equivalents | $520.0M | $515.0M | $604.0M | $470.0M | $732.0M | $690.0M | $592.0M | $266.0M |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.18B | $985.0M | $943.0M | $865.0M | $896.0M | $986.0M | $1.02B | $944.0M |
| Other current assets | $284.0M | $388.0M | $376.0M | $232.0M | $227.0M | $237.0M | $293.0M | $239.0M |
| Property, plant & equipment | $767.0M | $739.0M | $728.0M | $689.0M | $656.0M | $621.0M | $593.0M | $584.0M |
| Goodwill | $14.24B | $14.31B | $14.37B | $14.34B | $14.33B | $14.18B | $13.96B | $14.16B |
| Intangible assets | $6.22B | $6.38B | $6.51B | $6.62B | $6.74B | $6.83B | $6.91B | $7.07B |
| Other non-current assets | $1.09B | $1.02B | $993.0M | $972.0M | $865.0M | $818.0M | $779.0M | $793.0M |
| Deferred revenue (current) | $931.0M | $1.09B | $785.0M | $719.0M | $848.0M | $981.0M | $711.0M | $663.0M |
| Short-term debt | $269.0M | $431.0M | $431.0M | $431.0M | $500.0M | $400.0M | $898.0M | $499.0M |
| Other current liabilities | $174.0M | $160.0M | $259.0M | $236.0M | $154.0M | $187.0M | $215.0M | $229.0M |
| Long-term debt | $8.49B | $8.53B | $8.57B | $8.67B | $8.68B | $8.93B | $9.08B | $9.36B |
| Other non-current liabilities | $253.0M | $247.0M | $241.0M | $234.0M | $237.0M | $216.0M | $230.0M | $222.0M |
| Common stock & paid-in capital | — | — | — | — | — | — | — | — |
| Retained earnings | $10.29B | $9.95B | $9.59B | $9.22B | $8.96B | $8.66B | $8.40B | $8.18B |
| Accumulated other comprehensive income (loss) | -$1.87B | -$1.81B | -$1.77B | -$1.85B | -$1.87B | -$1.90B | -$2.10B | -$1.95B |
Cash flow
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $711.0M | $689.0M | $625.0M | $221.0M | $746.0M | $663.0M | $705.0M | $244.0M |
| Investing cash flow | -$446.0M | $747.0M | -$638.0M | -$145.0M | -$59.0M | -$258.0M | -$1.01B | $73.0M |
| Financing cash flow | -$583.0M | -$4.18B | -$567.0M | $159.0M | -$1.46B | -$1.08B | -$24.0M | -$204.0M |
| Free cash flow | $634.0M | $629.0M | $536.0M | $152.0M | $687.0M | $614.0M | $645.0M | $188.0M |
| Capital expenditures | $77.0M | $60.0M | $89.0M | $69.0M | $59.0M | $49.0M | $60.0M | $56.0M |
| Depreciation & amortization | — | — | $145.0M | — | — | — | $125.0M | — |
| Share-based compensation | $49.0M | $38.0M | $43.0M | $41.0M | $46.0M | $35.0M | $36.0M | $36.0M |
| Deferred income taxes | $0 | $12.0M | $18.0M | $18.0M | $6.0M | $6.0M | -$5.0M | -$22.0M |
| Sales/maturities of investments | — | — | — | — | — | — | — | — |
| Other investing activities | $3.0M | $11.0M | $2.0M | $65.0M | $6.0M | $5.0M | $8.0M | $6.0M |
| Dividends paid | $174.0M | $153.0M | $153.0M | $155.0M | $155.0M | $138.0M | $138.0M | $138.0M |
| Share repurchases | $355.0M | $548.0M | $286.0M | $115.0M | $100.0M | $115.0M | $0 | $87.0M |
| Debt issued | — | — | — | — | — | — | $0 | — |
| Debt repaid | $431.0M | $0 | $100.0M | $69.0M | $400.0M | $257.0M | $181.0M | $0 |
| Tax withholding on stock comp | $37.0M | $31.0M | $10.0M | — | $34.0M | $25.0M | $60.0M | — |
| Other financing activities | -$7.0M | $0 | $43.0M | -$1.0M | $0 | $1.0M | $30.0M | -$3.0M |
Income statement
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Revenue | $8.26B | $7.40B | $6.06B | $6.23B | $5.89B |
| Gross profit | $5.25B | $4.65B | $3.90B | $3.58B | $3.42B |
| Operating income | $2.33B | $1.80B | $1.58B | $1.56B | $1.44B |
| Net income | $1.79B | $1.12B | $1.06B | $1.12B | $1.19B |
| EPS (diluted) | $3.09 | $1.93 | $2.08 | $2.26 | $2.35 |
| EPS (basic) | $3.12 | $1.94 | $2.10 | $2.28 | $2.38 |
| Operating margin | $28 | $24 | $26 | $25 | $24 |
| Net margin | $22 | $15 | $17 | $18 | $20 |
Balance sheet
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Total assets | $31.05B | $30.39B | $32.29B | $20.87B | $20.11B |
| Total liabilities | $18.82B | $19.20B | $21.47B | $14.70B | $13.71B |
| Stockholders' equity | $12.23B | $11.19B | $10.82B | $6.15B | $6.39B |
| Total current assets | $8.00B | $7.79B | $9.10B | $8.60B | $7.42B |
| Total current liabilities | $7.96B | $7.90B | $9.03B | $8.84B | $7.87B |
| Cash & equivalents | $604.0M | $592.0M | $453.0M | $502.0M | $393.0M |
| Marketable securities (current) | — | — | — | — | — |
| Accounts receivable | $943.0M | $1.02B | $929.0M | $677.0M | $588.0M |
| Other current assets | $376.0M | $293.0M | $231.0M | $201.0M | $294.0M |
| Property, plant & equipment | $728.0M | $593.0M | $576.0M | $532.0M | $509.0M |
| Goodwill | $14.37B | $13.96B | $14.11B | $8.10B | $8.43B |
| Intangible assets | $6.51B | $6.91B | $7.44B | $2.58B | $2.81B |
| Other non-current assets | $993.0M | $779.0M | $665.0M | $608.0M | $571.0M |
| Deferred revenue (current) | $785.0M | $711.0M | $594.0M | $357.0M | $329.0M |
| Short-term debt | $431.0M | $898.0M | $788.0M | $664.0M | $1.52B |
| Other current liabilities | $259.0M | $215.0M | $146.0M | $122.0M | $115.0M |
| Long-term debt | $8.57B | $9.08B | $10.16B | $4.74B | $4.81B |
| Other non-current liabilities | $241.0M | $230.0M | $220.0M | $226.0M | $234.0M |
| Common stock & paid-in capital | — | — | — | — | $2.0M |
| Retained earnings | $9.59B | $8.40B | $7.83B | $7.21B | $6.46B |
| Accumulated other comprehensive income (loss) | -$1.77B | -$2.10B | -$1.92B | -$1.99B | -$1.59B |
Cash flow
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Operating cash flow | $2.25B | $1.94B | $1.70B | $1.71B | $1.08B |
| Investing cash flow | -$1.10B | -$953.0M | -$5.99B | $49.0M | -$2.65B |
| Financing cash flow | -$2.95B | -$2.56B | $4.22B | $1.04B | $1.42B |
| Free cash flow | $1.99B | $1.73B | $1.54B | $1.55B | $920.0M |
| Capital expenditures | $266.0M | $207.0M | $158.0M | $152.0M | $163.0M |
| Depreciation & amortization | $145.0M | $125.0M | $117.0M | $105.0M | $108.0M |
| Share-based compensation | $165.0M | $141.0M | $122.0M | $106.0M | $90.0M |
| Deferred income taxes | $48.0M | -$67.0M | $68.0M | $38.0M | $94.0M |
| Sales/maturities of investments | — | — | — | — | — |
| Other investing activities | $78.0M | $32.0M | $3.0M | -$33.0M | $87.0M |
| Dividends paid | $601.0M | $541.0M | $441.0M | $383.0M | $350.0M |
| Share repurchases | $616.0M | $145.0M | $269.0M | $308.0M | $468.0M |
| Debt issued | — | $0 | — | $539.0M | $826.0M |
| Debt repaid | $826.0M | $521.0M | $260.0M | $1.10B | $804.0M |
| Tax withholding on stock comp | $69.0M | $60.0M | $72.0M | — | — |
| Other financing activities | $43.0M | $27.0M | $3.0M | $8.0M | $7.0M |
Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.
Institutional holders
SEC Form 13F filers holding NDAQ as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.
Insider activity
Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR Form 4 filings · checked 25 most recent filings · covers 2026-06-10 to 2026-10-12
Recent transactions
- Insiders have net sold 7,422 shares over the last 182 days, across 1 purchase and 13 sales.
- Most recent: SKULE JEREMY (EVP, CSO) — Open market sale of 1,125 shares on 2026-10-12.
Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.
Insider purchases & sales, last 6 months
Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.
Insider roster
| Name | Title | Most Recent Transaction | Date | Shares |
|---|---|---|---|---|
| SKULE JEREMY | EVP, CSO | Open market sale | 2026-10-12 | 1,125 |
| Griggs PC Nelson | Pres. Capital Access Platforms | Open market sale | 2026-08-10 | 3,226 |
| Peterson Bradley J | EVP, CIO | Open market sale | 2026-08-07 | 6,000 |
| Smith Bryan Everard | EVP, CPO | Open market sale | 2026-08-03 | 1,556 |
| INVESTOR AB | Reporting person | Open market purchase | 2026-06-11 | 56,782 |
| Torgeby Johan | Reporting person | Tax withholding | 2026-06-11 | 300 |
| Kazim Essa | Reporting person | Tax withholding | 2026-06-11 | 622 |
| SPAHT PAUL HOLDEN JR. | Reporting person | Grant / award | 2026-06-10 | 2,998 |
| YABUKI JEFFERY W | Reporting person | Grant / award | 2026-06-10 | 4,612 |
| BEGLEY CHARLENE T | Reporting person | Grant / award | 2026-06-10 | 2,998 |
| Koch Kathryn A. | Reporting person | Grant / award | 2026-06-10 | 3,171 |
| ZOLLAR ALFRED W | Reporting person | Grant / award | 2026-06-10 | 4,497 |
| KLOET THOMAS A | Reporting person | Grant / award | 2026-06-10 | 4,554 |
| Townes-Whitley Toni | Reporting person | Grant / award | 2026-06-10 | 2,998 |
| ARNOLDI MELISSA | Reporting person | Grant / award | 2026-06-10 | 4,324 |
| SPLINTER MICHAEL R | Reporting person | Grant / award | 2026-06-10 | 5,246 |
Recent transactions
| Date | Insider | Title | Transaction | Shares | Price |
|---|---|---|---|---|---|
| 2026-10-12 | SKULE JEREMY | EVP, CSO | Open market sale | 1,125 | $94.13 |
| 2026-10-01 | SKULE JEREMY | EVP, CSO | Tax withholding | 1,262 | $92.01 |
| 2026-09-22 | SKULE JEREMY | EVP, CSO | Open market sale | 1,125 | $95.00 |
| 2026-09-10 | SKULE JEREMY | EVP, CSO | Open market sale | 1,125 | $94.22 |
| 2026-08-10 | SKULE JEREMY | EVP, CSO | Open market sale | 2,250 | $94.75 |
| 2026-08-10 | Griggs PC Nelson | Pres. Capital Access Platforms | Open market sale | 3,226 | $96.16 |
| 2026-08-07 | Peterson Bradley J | EVP, CIO | Open market sale | 6,000 | $95.55 |
| 2026-08-03 | Smith Bryan Everard | EVP, CPO | Open market sale | 1,556 | $95.07 |
| 2026-07-29 | Griggs PC Nelson | Pres. Capital Access Platforms | Open market sale | 11,010 | $96.35 |
| 2026-07-27 | Griggs PC Nelson | Pres. Capital Access Platforms | Open market sale | 11,010 | $93.96 |
| 2026-07-24 | Peterson Bradley J | EVP, CIO | Open market sale | 13,000 | $92.61 |
| 2026-07-24 | Griggs PC Nelson | Pres. Capital Access Platforms | Open market sale | 6,777 | $92.53 |
| 2026-07-01 | Smith Bryan Everard | EVP, CPO | Open market sale | 3,000 | $80.00 |
| 2026-06-11 | INVESTOR AB | Reporting person | Open market purchase | 56,782 | $85.98 |
| 2026-06-11 | Smith Bryan Everard | EVP, CPO | Open market sale | 3,000 | $86.91 |
| 2026-06-11 | Torgeby Johan | Reporting person | Tax withholding | 300 | $86.72 |
| 2026-06-11 | Kazim Essa | Reporting person | Tax withholding | 622 | $86.72 |
| 2026-06-10 | SPAHT PAUL HOLDEN JR. | Reporting person | Grant / award | 2,998 | $0.00 |
| 2026-06-10 | YABUKI JEFFERY W | Reporting person | Grant / award | 4,612 | $0.00 |
| 2026-06-10 | BEGLEY CHARLENE T | Reporting person | Grant / award | 2,998 | $0.00 |
| 2026-06-10 | Koch Kathryn A. | Reporting person | Grant / award | 3,171 | $0.00 |
| 2026-06-10 | ZOLLAR ALFRED W | Reporting person | Grant / award | 4,497 | $0.00 |
| 2026-06-10 | KLOET THOMAS A | Reporting person | Grant / award | 4,554 | $0.00 |
| 2026-06-10 | Townes-Whitley Toni | Reporting person | Grant / award | 2,998 | $0.00 |
| 2026-06-10 | ARNOLDI MELISSA | Reporting person | Grant / award | 4,324 | $0.00 |
| 2026-06-10 | SPLINTER MICHAEL R | Reporting person | Grant / award | 5,246 | $0.00 |
| 2026-06-10 | Torgeby Johan | Reporting person | Grant / award | 2,998 | $0.00 |
| 2026-06-10 | Kazim Essa | Reporting person | Grant / award | 4,151 | $0.00 |
Recent SEC filings
Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR submissions · updated 2026-10-22 15:53 UTC
| Filed | Form | Report period | Official filing |
|---|---|---|---|
| 2026-10-22 | 8-K | 2026-10-22 | View on SEC.gov → |
| 2026-10-14 | 4 | 2026-10-12 | View on SEC.gov → |
| 2026-10-05 | 4 | 2026-10-01 | View on SEC.gov → |
| 2026-09-24 | 4 | 2026-09-22 | View on SEC.gov → |
| 2026-09-14 | 4 | 2026-09-10 | View on SEC.gov → |
| 2026-08-12 | 4 | 2026-08-10 | View on SEC.gov → |
| 2026-08-12 | 4 | 2026-08-10 | View on SEC.gov → |
| 2026-08-11 | 4 | 2026-08-07 | View on SEC.gov → |
| 2026-08-05 | 4 | 2026-08-03 | View on SEC.gov → |
| 2026-07-31 | 4 | 2026-07-29 | View on SEC.gov → |
| 2026-07-28 | 4 | 2026-07-24 | View on SEC.gov → |
| 2026-07-28 | 4 | 2026-07-24 | View on SEC.gov → |
Recent news
Headlines about NDAQ (Nasdaq, Inc.). Links open the publisher — we don’t host full articles.
-
Rezera plans Nasdaq debut after raising $200M and rebranding from NodThera
The Business Journals · 2026-10-22 -
Nasdaq outlines $2.55B-$2.58B 2026 expense range while preparing 23/5 trading and a first-half Nasdaq Equity Token launch
Seeking Alpha · 2026-10-22 -
Nasdaq, Inc. (NDAQ) Q3 2026 Earnings Call Transcript
Seeking Alpha · 2026-10-22 -
Nasdaq Inc., CSX Flash Buy Signals As Nasdaq, S&P 500 Slide
Yahoo Finance · 2026-10-22 -
CSX, Nasdaq Inc. Flash Buy Signals As Nasdaq, S&P 500 Slide
Investor's Business Daily · 2026-10-22 -
Nasdaq Shares Rise After Q3 Non-GAAP Earnings, Revenue Beat Estimates
www.marketscreener.com · 2026-10-22 -
What Nasdaq (NDAQ) Said on Its Q3 Earnings Call
Yahoo · 2026-10-22 -
Jefferies reiterates Hold on Nasdaq stock, $90 price target
Investing.com · 2026-10-22
No headlines in this category right now — try “All”.