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
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 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×
Leverage
Debt-to-equity	3.3×-0.1×	3.4×-0.2×	3.5×-0.1×	3.7×-0.1×	3.8×-0.1×
Net debt / EBITDA	9.1×+0.7×	8.4×-0.4×	8.7×-0.3×	9×-0.3×	9.3×-0.5×
Valuation
Market capitalization	$205.06B+2.3%	$200.44B+5.8%	$189.41B+4.8%	$180.74B+9.7%	$164.82B+4.6%
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×
Dividend yield	4.6%0.0pp	4.6%-0.1pp	4.8%-0.1pp	4.9%-0.3pp	5.2%0.0pp

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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.