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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	247.2%-12.4pp	259.6%+16.5pp	243.2%+8.0pp	235.2%+15.1pp
Operating margin	105.7%+8.1pp	97.6%-5.1pp	102.7%+0.8pp	102%+7.8pp
Net margin	76.4%+17.2pp	59.2%-13.2pp	72.3%-4.0pp	76.4%+0.3pp
EBITDA margin	136.5%+8.0pp	128.4%+7.6pp	120.9%+0.6pp	120.3%+9.4pp
Free cash flow margin	99.7%+7.8pp	91.9%-10.2pp	102.1%+9.7pp	92.4%+28.6pp
Returns
Return on equity	54.1%+10.2pp	43.8%-23.6pp	67.5%-6.4pp	73.9%+1.0pp
Return on assets	20.3%+6.0pp	14.3%-4.4pp	18.7%-3.9pp	22.6%-3.7pp
Return on invested capital	41%-0.9pp	41.9%-39.2pp	81.2%+14.7pp	66.5%+18.2pp
Efficiency
Asset turnover	1.1×+0.1×	1×-0.1×	1×-0.2×	1.2×-0.2×
Liquidity
Current ratio	3.9×+0.1×	3.9×-1.5×	5.3×+1.5×	3.8×-0.2×
Quick ratio	3.9×+0.1×	3.9×-1.5×	5.3×+1.5×	3.8×-0.2×
Cash ratio	2.2×-0.6×	2.8×-1.7×	4.5×+1.5×	3×+0.4×
Leverage
Debt-to-equity	3.4×-0.5×	3.9×-1.3×	5.2×+0.5×	4.7×+0.6×
Debt-to-assets	1.3×-0.1×	1.4×0.0×	1.5×+0.2×	1.3×-0.1×
Net debt / EBITDA	8.4×-1.5×	9.8×+9.3×	0.6×+1.8×	-1.3×-7.7×
Interest coverage	22.3×+5.8×	16.5×-19.8×	36.3×-11.7×	48×-0.9×
Valuation
Market capitalization	$200.44B+27.3%	$157.5B+47.2%	$107B-4.6%	$112.21B-7.0%
Enterprise value	$223.49B+24.9%	$178.91B+65.3%	$108.26B-1.4%	$109.85B-16.2%
Price / earnings	129.9×-26.9×	156.9×+59.6×	97.3×-0.7×	98×-8.9×
Price / sales	24.7×+1.6×	23.1×+5.6×	17.5×-1.1×	18.7×-1.7×
Price / book	16.8×+2.5×	14.3×-0.6×	14.9×-3.9×	18.8×0.0×
EV / EBITDA	80.8×-1.1×	81.9×+23.3×	58.6×-2.4×	60.9×-18.9×
EV / sales	27.6×+1.3×	26.3×+8.5×	17.8×-0.6×	18.3×-3.9×
Free cash flow yield	16.2%+0.2pp	15.9%-7.6pp	23.6%+3.7pp	19.9%+7.1pp
Earnings yield	12.3%+2.1pp	10.3%-6.5pp	16.7%+0.3pp	16.4%+1.3pp
Dividend yield	4.6%-0.6pp	5.2%-1.0pp	6.2%+0.9pp	5.3%+0.8pp
PEG ratio	2.7×—	——	——	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Nasdaq, Inc..

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.