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Nasdaq, Inc. NDAQ EBITDA margin

EBITDA margin at other companies

S&P Global logo
S&P GlobalSPGI
51.5%+3.5pp
Cboe Global Markets logo
Cboe Global MarketsCBOE
36.3%+6.4pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
53%+3.7pp
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
54%+2.1pp
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
33.9%-0.2pp
CME Group logo
CME GroupCME
68%+1.3pp

Other financials

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+22.5%
Free cash flow$629.0M+2.4%

Valuation

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Market cap$47.1B+10.6%
Enterprise value$55.92B+16.3%
P/E24.6×-8.7×
P/S5.7×+0.2×

Profitability

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Gross margin65.2%+4.2pp
Operating margin29.4%+4.6pp
Net margin23%+6.7pp

Returns & leverage

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

Where this comes from

Calculated from Nasdaq, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Nasdaq, Inc.’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nasdaq, Inc.'s EBITDA margin?
Nasdaq, Inc. (NDAQ) reported EBITDA margin of 37.1% in Q1 2026.
How has Nasdaq, Inc.'s EBITDA margin changed year-over-year?
Nasdaq, Inc.'s EBITDA margin increased by 13.7% year-over-year, from 32.6% to 37.1%.
What is the long-term trend for Nasdaq, Inc.'s EBITDA margin?
Over 4 years (2021 to 2025), Nasdaq, Inc.'s EBITDA margin has grown at a 5.3% compound annual growth rate (CAGR), from 110.8% to 136.5%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.