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%-3.0pp	247.2%-12.4pp	246.6%-14.4pp	249.1%-8.7pp	254.5%+3.2pp
Operating margin	110.3%+13.3pp	105.7%+8.1pp	101.8%+2.5pp	98%-4.3pp	97%-5.9pp
Net margin	83.1%+23.6pp	76.4%+17.2pp	69.9%+8.3pp	63.7%-2.6pp	59.5%-10.4pp
EBITDA margin	141%+11.9pp	136.5%+8.0pp	133.3%+6.1pp	130.1%+4.0pp	129.1%+5.6pp
Free cash flow margin	100.1%+8.7pp	99.7%+7.8pp	99.1%+5.2pp	94.3%-5.8pp	91.4%-10.7pp
Returns
Return on equity	58.8%+15.3pp	54.1%+10.2pp	48.9%+2.8pp	45.8%-7.3pp	43.6%-16.8pp
Return on assets	22.7%+8.1pp	20.3%+6.0pp	18%+3.3pp	16.2%+0.3pp	14.6%-2.5pp
Return on invested capital	42.3%+2.5pp	41%-0.9pp	38.5%-6.2pp	38.9%-20.9pp	39.8%-33.5pp
Efficiency
Asset turnover	1.1×+0.1×	1.1×+0.1×	1×+0.1×	1×+0.1×	1×0.0×
Liquidity
Current ratio	3.9×+0.1×	3.9×+0.1×	3.9×0.0×	3.9×-0.8×	3.9×-1.5×
Quick ratio	3.9×+0.1×	3.9×+0.1×	3.9×0.0×	3.9×-0.8×	3.9×-1.5×
Cash ratio	1.9×-0.8×	2.2×-0.6×	2.4×-0.6×	2.5×-1.2×	2.7×-1.8×
Leverage
Debt-to-equity	3.3×-0.5×	3.4×-0.5×	3.5×-0.5×	3.7×-0.9×	3.8×-1.5×
Debt-to-assets	1.3×-0.1×	1.3×-0.1×	1.4×-0.1×	1.4×-0.1×	1.4×-0.1×
Net debt / EBITDA	9.1×-0.3×	8.4×-1.5×	8.7×-1.1×	9×+1.8×	9.3×+5.4×
Interest coverage	24.3×+7.4×	22.3×+5.8×	20.3×+2.6×	18.3×-3.2×	16.9×-12.0×
Valuation
Market capitalization	$205.06B+24.4%	$200.44B+27.3%	$189.41B+30.7%	$180.74B+42.7%	$164.82B+41.5%
Enterprise value	$231.48B+24.2%	$223.49B+24.9%	$212.25B+28.6%	$203B+43.8%	$186.44B+50.1%
Price / earnings	121×-33.4×	129.9×-26.9×	138.7×-8.4×	151.3×+26.5×	154.4×+44.0×
Price / sales	25×+2.1×	24.7×+1.6×	24×+1.6×	23.8×+3.5×	22.9×+3.8×
Price / book	17.1×+2.3×	16.8×+2.5×	16.3×+3.0×	15.8×+2.7×	14.7×+0.8×
EV / EBITDA	80×-0.2×	80.8×-1.1×	80.9×+0.6×	82.2×+10.6×	80.2×+14.7×
EV / sales	28.2×+2.3×	27.6×+1.3×	26.9×+1.4×	26.8×+4.1×	25.9×+5.5×
Free cash flow yield	16.1%0.0pp	16.2%+0.2pp	16.5%-0.4pp	15.8%-4.4pp	16.1%-6.1pp
Earnings yield	13.4%+2.9pp	12.3%+2.1pp	11.6%+0.6pp	10.7%-2.7pp	10.5%-4.7pp
Dividend yield	4.6%-0.5pp	4.6%-0.6pp	4.8%-0.6pp	4.9%-1.0pp	5.2%-0.9pp
PEG ratio	2×—	2.7×—	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.