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Nasdaq, Inc.

NDAQ

Nasdaq is a leading global technology platform that provides infrastructure, data, and analytics to the financial system.

Market cap
$47.73B-7.7%
Revenue$8.3B+6.3%
Net income$1.9B+49.6%
Free cash flow$2.0B+8.0%
EPS (diluted)$3.32+50.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$1.4B
EPS estimate$0.96

Financials

Q1 2026

Income statement

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Revenue$2.1B+2.0%
Gross profit$1.4B+13.7%
Operating income$657.0M+20.1%
Net income$519.0M+31.4%
EPS (diluted)$0.91+33.8%

Balance sheet

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Cash & equivalents$1.1B-76.0%
Total debt$9.9B-2.2%
Total equity$12.0B+4.2%
Total assets$27.3B-10.9%

Cash flow

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Operating cash flow$689.0M+3.9%
CapEx$60.0M+22.4%
Free cash flow$629.0M+2.4%

Valuation & ratios

Valuation

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Market cap$48.88B-7.7%
Enterprise value$57.69B-2.0%
P/E25.6×-9.6×
P/S5.9×-0.6×

Profitability

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Gross margin65.2%+4.2pp
Operating margin29.4%+4.6pp
Net margin23%+6.7pp
FCF margin24.1%+0.4pp

Returns & leverage

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Return on equity16.2%+4.8pp
Debt / equity0.8×-0.1×
Current ratio0.0×

Segments

By segment

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Market Services$1.0B-8.2%
Capital Access Platforms$565.0M+11.2%
Financial Technology$517.0M+19.7%

Competitors

Profile

Nasdaq is a leading global technology platform that provides infrastructure, data, and analytics to the financial system. The company operates regulated stock exchanges and provides mission-critical software solutions for market participants, focusing on capital access, financial crime management, and regulatory compliance.

Competitive position

A dominant global exchange operator and a leading provider of anti-financial crime and regulatory technology following major acquisitions like Verafin and Adenza.

GeographiesNorth America, Europe, Asia, Middle East, Latin America
Customer segmentsFinancial Institutions, Public Corporations, Government Agencies, Institutional Investors
Business modelSubscription SaaS, Transaction-based fees, Licensing, Data-as-a-Service
SuppliersCloud infrastructure providers, Third-party data content providers, Hardware and network equipment manufacturers
CustomersPublicly traded companies, Investment banks, Retail brokerage firms, Asset management firms, National and regional regulators
Listed2002
Employees8.6K
CEOAdena T. Friedman
Websitenasdaq.com
FilingsSEC EDGAR

Questions, answered.

What is Nasdaq, Inc.'s market cap?
Nasdaq, Inc. (NDAQ) has a market capitalization of $47.7B and trades on NASDAQ.
What is Nasdaq, Inc.'s revenue and profitability?
Nasdaq, Inc. generated $8.3B in trailing twelve-month revenue with net income of $1.9B, representing a net margin of 23.0%. Gross margin stands at 65.2%, with free cash flow of $2.0B. These figures are based on the Q1 2026 filing.
Who are Nasdaq, Inc.'s competitors?
Nasdaq, Inc.'s key competitors include Intercontinental Exchange, Cboe Global Markets, S&P Global, and others. These companies compete in similar markets and product categories.
Who does Nasdaq, Inc. partner with?
Nasdaq, Inc.'s notable partners include Amazon Web Services, FINRA.
What subsidiaries does Nasdaq, Inc. have?
Nasdaq, Inc.'s subsidiaries include Verafin, Adenza, Nasdaq Stockholm AB, and others.
Where is Nasdaq, Inc. headquartered?
Nasdaq, Inc. is headquartered in United States of America and employs approximately 8,568 people. It has been publicly traded since 2002.