What are Nasdaq, Inc.'s profit margins?

Nasdaq, Inc. (NDAQ) runs a 65.2% gross margin and a 29.4% operating margin, with a 23.0% 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.

Nasdaq, Inc. NDAQ Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	65.2%+1.7pp	63.5%+1.3pp	62.2%+1.7pp	60.6%-0.4pp	61%-1.9pp
Operating margin	29.4%+1.2pp	28.2%+1.0pp	27.1%+1.5pp	25.6%+0.9pp	24.7%+0.4pp
Net margin	23%+1.4pp	21.6%+1.7pp	19.9%+1.3pp	18.6%+2.2pp	16.3%+1.2pp
EBITDA margin	37.1%+1.3pp	35.8%+1.1pp	34.8%+1.5pp	33.3%+0.7pp	32.6%0.0pp
Free cash flow margin	24.1%+0.1pp	24.1%-1.6pp	25.7%-0.6pp	26.3%+2.6pp	23.7%+0.3pp
Returns
Return on equity	16.2%+0.9pp	15.3%+1.2pp	14.1%+0.8pp	13.3%+1.8pp	11.4%+1.3pp
Return on assets	6.6%+0.8pp	5.8%+0.5pp	5.3%+0.3pp	5%+0.8pp	4.2%+0.6pp
Return on invested capital	10.6%-0.5pp	11%+0.3pp	10.7%+0.6pp	10.1%+0.8pp	9.2%+0.7pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Quick ratio	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Cash ratio	0.3×-0.2×	0.5×-0.1×	0.6×0.0×	0.5×0.0×	0.6×0.0×
Leverage
Debt-to-equity	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.9×0.0×	0.9×-0.1×
Debt-to-assets	0.4×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	2.9×+0.8×	2×+0.1×	2×-0.2×	2.2×+0.1×	2.1×-0.3×
Interest coverage	6.8×+0.5×	6.4×+0.5×	5.9×+0.6×	5.3×+0.5×	4.8×+0.5×
Valuation
Market capitalization	$48.26B-13.0%	$55.46B+9.3%	$50.75B+0.3%	$50.59B+16.0%	$43.63B-1.8%
Enterprise value	$57.07B-7.2%	$61.48B+9.1%	$56.35B-0.4%	$56.58B+15.3%	$49.07B-2.3%
Price / earnings	25.2×-5.8×	31×-0.2×	31.2×-2.3×	33.5×-0.6×	34.1×-5.6×
Price / sales	5.8×-0.9×	6.7×+0.5×	6.2×0.0×	6.2×+0.7×	5.6×-0.4×
Price / book	4×-0.5×	4.5×+0.3×	4.2×-0.1×	4.3×+0.5×	3.8×-0.2×
EV / EBITDA	18.5×-2.2×	20.8×+0.9×	19.8×-1.1×	21×+1.7×	19.2×-1.6×
EV / sales	6.9×-0.6×	7.4×+0.5×	6.9×-0.1×	7×+0.7×	6.3×-0.5×
Free cash flow yield	4.2%+0.6pp	3.6%-0.5pp	4.1%-0.1pp	4.2%0.0pp	4.3%+0.4pp
Earnings yield	4%+0.7pp	3.2%0.0pp	3.2%+0.2pp	3%+0.1pp	2.9%+0.4pp
Dividend yield	1.3%+0.2pp	1.1%-0.1pp	1.2%0.0pp	1.1%-0.1pp	1.3%0.0pp
PEG ratio	0.5×0.0×	0.5×+0.1×	0.4×-0.1×	0.6×-0.6×	1.2×-6.2×

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Questions, answered.

What are Nasdaq, Inc.'s profit margins?: Nasdaq, Inc. (NDAQ) runs a 65.2% gross margin and a 29.4% operating margin, with a 23.0% 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.