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
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 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×
Leverage
Debt-to-equity	3.3×-0.5×	3.4×-0.5×	3.5×-0.5×	3.7×-0.9×	3.8×-1.5×
Net debt / EBITDA	9.1×-0.3×	8.4×-1.5×	8.7×-1.1×	9×+1.8×	9.3×+5.4×
Valuation
Market capitalization	$205.06B+24.4%	$200.44B+27.3%	$189.41B+30.7%	$180.74B+42.7%	$164.82B+41.5%
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×
Dividend yield	4.6%-0.5pp	4.6%-0.6pp	4.8%-0.6pp	4.9%-1.0pp	5.2%-0.9pp

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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.