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Nasdaq, Inc. NDAQ Interest coverage

Interest coverage at other companies

S&P Global logo
S&P GlobalSPGI
22.6×+3.1×
Cboe Global Markets logo
Cboe Global MarketsCBOE
30.7×+7.9×
Intercontinental Exchange logo
Intercontinental ExchangeICE
6.7×+1.6×
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
464.4×+237×
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
3.6×-1.2×
CME Group logo
CME GroupCME
25.3×+0.2×

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 interest coverage?
Nasdaq, Inc. (NDAQ) reported interest coverage of 6.8× in Q1 2026.
How has Nasdaq, Inc.'s interest coverage changed year-over-year?
Nasdaq, Inc.'s interest coverage increased by 41.6% year-over-year, from 4.8× to 6.8×.
What is the long-term trend for Nasdaq, Inc.'s interest coverage?
Over 4 years (2021 to 2025), Nasdaq, Inc.'s interest coverage has grown at a -17.8% compound annual growth rate (CAGR), from 48.9× to 22.3×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.