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Nasdaq, Inc. NDAQ Free cash flow margin

Free cash flow margin at other companies

S&P Global logo
S&P GlobalSPGI
35.3%-3.0pp
Cboe Global Markets logo
Cboe Global MarketsCBOE
56.8%
Intercontinental Exchange logo
Intercontinental ExchangeICE
35.7%+1.8pp
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
53.8%+5.4pp
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
23.6%+0.8pp
CME Group logo
CME GroupCME
64.1%+3.2pp

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 free cash flow margin?
Nasdaq, Inc. (NDAQ) reported free cash flow margin of 24.1% in Q1 2026.
How has Nasdaq, Inc.'s free cash flow margin changed year-over-year?
Nasdaq, Inc.'s free cash flow margin increased by 1.7% year-over-year, from 23.7% to 24.1%.
What is the long-term trend for Nasdaq, Inc.'s free cash flow margin?
Over 4 years (2021 to 2025), Nasdaq, Inc.'s free cash flow margin has grown at a 11.8% compound annual growth rate (CAGR), from 63.8% to 99.7%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.