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Nasdaq, Inc. NDAQ Return on invested capital

Return on invested capital at other companies

S&P Global logo
S&P GlobalSPGI
12.8%+2.5pp
BGC Group, Inc. logo
BGC Group, Inc.BGC
13.1%+1.1pp
Cboe Global Markets logo
Cboe Global MarketsCBOE
48.8%+25.0pp
MSCI logo
MSCIMSCI
45.8%+7.3pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
8.7%+1.2pp
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
16.4%+2.8pp

Other financials

Income statement

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Revenue$2.5B+20.5%
Gross profit$1.5B+14.9%
Operating income$712.0M+25.4%
Net income$507.0M+12.2%
EPS (diluted)$0.89+14.1%

Balance sheet

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Cash & equivalents$800.0M-81.0%
Total debt$9.6B-5.9%
Total equity$12.0B+1.5%
Total assets$27.3B-10.0%

Cash flow

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Operating cash flow$711.0M-4.7%
CapEx$77.0M+30.5%
Free cash flow$634.0M-7.7%

Valuation

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Market cap$52.65B-5.3%
Enterprise value$61.44B-0.3%
P/E26.8×-10.1×
P/S-0.8×

Profitability

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Gross margin64.2%+3.7pp
Operating margin29.5%+3.9pp
Net margin22.5%+3.9pp
FCF margin22.3%-4.0pp

Returns & leverage

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Return on equity16.5%+3.2pp
Debt / equity0.8×-0.1×
Current ratio0.0×

Where this comes from

Calculated from Nasdaq, Inc.’s reported figures.

Based on trailing twelve months.

The source filing: Nasdaq, Inc.’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:13 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001120193-26-000013

FAQ

What is Nasdaq, Inc.'s return on invested capital?
Nasdaq, Inc. (NDAQ) reported return on invested capital of 10.8% in Q2 2026.
How has Nasdaq, Inc.'s return on invested capital changed year-over-year?
Nasdaq, Inc.'s return on invested capital increased by 7.4% year-over-year, from 10.1% to 10.8%.
What is the long-term trend for Nasdaq, Inc.'s return on invested capital?
Over 5 years (2020 to 2025), Nasdaq, Inc.'s return on invested capital has grown at a -0.9% compound annual growth rate (CAGR), from 11.5% to 11%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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