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Nasdaq, Inc. NDAQ Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin64.2%+3.7pp65.1%+4.2pp63.4%+0.6pp62.1%-2.6pp60.5%-5.5pp
Operating margin29.5%+3.9pp29.3%+4.6pp28.1%+3.8pp27.1%+3.8pp25.6%+1.0pp
Net margin22.5%+3.9pp23%+6.6pp21.6%+6.5pp19.9%+6.2pp18.6%+4.1pp
Returns
Return on equity16.5%+3.2pp16.2%+4.8pp15.3%+5.1pp14.1%+3.1pp13.3%+2.2pp
Return on invested capital10.8%+0.7pp10.6%+1.4pp11%+2.5pp10.7%-0.4pp10.1%-0.9pp
Efficiency
Asset turnover0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Liquidity
Current ratio0.0×0.0×0.0×0.0×0.0×
Leverage
Debt-to-equity0.8×-0.1×0.8×-0.1×0.8×-0.2×0.8×-0.1×0.9×-0.1×
Net debt / EBITDA2.7×+0.5×2.9×+0.7×-0.4×-0.3×2.2×-0.3×
Valuation
Market capitalization$52.65B-5.3%$48.26B+10.6%$55.46B+24.8%$50.75B+20.6%$50.59B+45.9%
Price / earnings26.8×-10.1×25.2×-8.9×31×-8.8×31.2×-12.6×33.5×-3.1×
Price / sales-0.8×5.8×+0.2×6.7×+0.7×6.2×+0.2×6.2×+0.9×
Price / book4.4×-0.3×+0.2×4.5×+0.6×4.2×+0.4×4.3×+1.1×
EV / EBITDA19×-3.8×18.5×-0.7×20.8×-0.1×19.8×-1.4×21×+2.0×
Dividend yield1.2%+0.2pp1.3%0.0pp1.1%-0.1pp1.2%-0.1pp1.1%-0.3pp

FAQ

What are Nasdaq, Inc.'s profit margins?
Nasdaq, Inc. (NDAQ) runs a 64.2% gross margin and a 29.5% operating margin, with a 22.5% net margin.
Where do Nasdaq, Inc.'s ratios come from?
Every ratio is computed from Nasdaq, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.