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Nasdaq, Inc. NDAQ Price / book

Price / book at other companies

S&P Global logo
S&P GlobalSPGI
4.1×-0.6×
Cboe Global Markets logo
Cboe Global MarketsCBOE
5.5×+0.2×
Intercontinental Exchange logo
Intercontinental ExchangeICE
-0.5×
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
3.8×-1.5×
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
1.5×-1.1×
CME Group logo
CME GroupCME
+0.5×

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 the most recent quarter.

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 price / book?
Nasdaq, Inc. (NDAQ) reported price / book of 4× in Q1 2026.
How has Nasdaq, Inc.'s price / book changed year-over-year?
Nasdaq, Inc.'s price / book increased by 6.1% year-over-year, from 3.8× to 4×.
What is the long-term trend for Nasdaq, Inc.'s price / book?
Over 4 years (2021 to 2025), Nasdaq, Inc.'s price / book has grown at a -2.7% compound annual growth rate (CAGR), from 18.8× to 16.8×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.