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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	251.5%+4.2pp	247.2%+0.7pp	246.6%-2.5pp	249.1%-5.5pp	254.5%-5.1pp
Operating margin	110.3%+4.6pp	105.7%+3.9pp	101.8%+3.8pp	98%+1.0pp	97%-0.7pp
Net margin	83.1%+6.7pp	76.4%+6.5pp	69.9%+6.2pp	63.7%+4.1pp	59.5%+0.4pp
EBITDA margin	141%+4.5pp	136.5%+3.2pp	133.3%+3.1pp	130.1%+1.1pp	129.1%+0.6pp
Free cash flow margin	100.1%+0.4pp	99.7%+0.6pp	99.1%+4.8pp	94.3%+2.9pp	91.4%-0.5pp
Returns
Return on equity	58.8%+4.8pp	54.1%+5.1pp	48.9%+3.1pp	45.8%+2.2pp	43.6%-0.3pp
Return on assets	22.7%+2.4pp	20.3%+2.3pp	18%+1.8pp	16.2%+1.6pp	14.6%+0.3pp
Return on invested capital	42.3%+1.4pp	41%+2.5pp	38.5%-0.4pp	38.9%-0.9pp	39.8%-2.1pp
Efficiency
Asset turnover	1.1×0.0×	1.1×0.0×	1×0.0×	1×0.0×	1×0.0×
Liquidity
Current ratio	3.9×0.0×	3.9×0.0×	3.9×0.0×	3.9×0.0×	3.9×0.0×
Quick ratio	3.9×0.0×	3.9×0.0×	3.9×0.0×	3.9×0.0×	3.9×0.0×
Cash ratio	1.9×-0.3×	2.2×-0.1×	2.4×-0.2×	2.5×-0.2×	2.7×-0.1×
Leverage
Debt-to-equity	3.3×-0.1×	3.4×-0.2×	3.5×-0.1×	3.7×-0.1×	3.8×-0.1×
Debt-to-assets	1.3×0.0×	1.3×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×
Net debt / EBITDA	9.1×+0.7×	8.4×-0.4×	8.7×-0.3×	9×-0.3×	9.3×-0.5×
Interest coverage	24.3×+2.0×	22.3×+2.0×	20.3×+2.0×	18.3×+1.4×	16.9×+0.4×
Valuation
Market capitalization	$205.06B+2.3%	$200.44B+5.8%	$189.41B+4.8%	$180.74B+9.7%	$164.82B+4.6%
Enterprise value	$231.48B+3.6%	$223.49B+5.3%	$212.25B+4.6%	$203B+8.9%	$186.44B+4.2%
Price / earnings	121×-8.9×	129.9×-8.8×	138.7×-12.6×	151.3×-3.1×	154.4×-2.5×
Price / sales	25×+0.2×	24.7×+0.7×	24×+0.2×	23.8×+0.9×	22.9×-0.3×
Price / book	17.1×+0.2×	16.8×+0.6×	16.3×+0.4×	15.8×+1.1×	14.7×+0.4×
EV / EBITDA	80×-0.7×	80.8×-0.1×	80.9×-1.4×	82.2×+2.0×	80.2×-1.7×
EV / sales	28.2×+0.6×	27.6×+0.6×	26.9×+0.2×	26.8×+0.9×	25.9×-0.4×
Free cash flow yield	16.1%-0.1pp	16.2%-0.3pp	16.5%+0.7pp	15.8%-0.2pp	16.1%+0.1pp
Earnings yield	13.4%+1.0pp	12.3%+0.7pp	11.6%+0.9pp	10.7%+0.2pp	10.5%+0.2pp
Dividend yield	4.6%0.0pp	4.6%-0.1pp	4.8%-0.1pp	4.9%-0.3pp	5.2%0.0pp
PEG ratio	2×-0.7×	2.7×-6.9×	9.6×—	——	——

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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.