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%+4.2pp	63.5%+0.7pp	62.2%-2.5pp	60.6%-5.5pp	61%-5.1pp
Operating margin	29.4%+4.6pp	28.2%+3.9pp	27.1%+3.8pp	25.6%+1.0pp	24.7%-0.7pp
Net margin	23%+6.7pp	21.6%+6.5pp	19.9%+6.2pp	18.6%+4.1pp	16.3%+0.4pp
EBITDA margin	37.1%+4.5pp	35.8%+3.2pp	34.8%+3.1pp	33.3%+1.1pp	32.6%+0.6pp
Free cash flow margin	24.1%+0.4pp	24.1%+0.6pp	25.7%+4.8pp	26.3%+2.9pp	23.7%-0.5pp
Returns
Return on equity	16.2%+4.8pp	15.3%+5.1pp	14.1%+3.1pp	13.3%+2.2pp	11.4%-0.3pp
Return on assets	6.6%+2.4pp	5.8%+2.3pp	5.3%+1.8pp	5%+1.6pp	4.2%+0.3pp
Return on invested capital	10.6%+1.4pp	11%+2.5pp	10.7%-0.4pp	10.1%-0.9pp	9.2%-2.1pp
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×-0.3×	0.5×-0.1×	0.6×-0.2×	0.5×-0.2×	0.6×-0.1×
Leverage
Debt-to-equity	0.8×-0.1×	0.8×-0.2×	0.8×-0.1×	0.9×-0.1×	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×+0.7×	2×-0.4×	2×-0.3×	2.2×-0.3×	2.1×-0.5×
Interest coverage	6.8×+2.0×	6.4×+2.0×	5.9×+2.0×	5.3×+1.4×	4.8×+0.4×
Valuation
Market capitalization	$48.26B+10.6%	$55.46B+24.8%	$50.75B+20.6%	$50.59B+45.9%	$43.63B+20.2%
Enterprise value	$57.07B+16.3%	$61.48B+22.4%	$56.35B+19.6%	$56.58B+41.4%	$49.07B+18.1%
Price / earnings	25.2×-8.9×	31×-8.8×	31.2×-12.6×	33.5×-3.1×	34.1×-2.5×
Price / sales	5.8×+0.2×	6.7×+0.7×	6.2×+0.2×	6.2×+0.9×	5.6×-0.3×
Price / book	4×+0.2×	4.5×+0.6×	4.2×+0.4×	4.3×+1.1×	3.8×+0.4×
EV / EBITDA	18.5×-0.7×	20.8×-0.1×	19.8×-1.4×	21×+2.0×	19.2×-1.7×
EV / sales	6.9×+0.6×	7.4×+0.6×	6.9×+0.2×	7×+0.9×	6.3×-0.4×
Free cash flow yield	4.2%-0.1pp	3.6%-0.3pp	4.1%+0.7pp	4.2%-0.2pp	4.3%+0.1pp
Earnings yield	4%+1.0pp	3.2%+0.7pp	3.2%+0.9pp	3%+0.2pp	2.9%+0.2pp
Dividend yield	1.3%0.0pp	1.1%-0.1pp	1.2%-0.1pp	1.1%-0.3pp	1.3%0.0pp
PEG ratio	0.5×-0.7×	0.5×-6.9×	0.4×—	0.6×—	1.2×—

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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.