NASDAQ INC (NDAQ) Stock Fundamental Analysis
NASDAQ:NDAQ • US6311031081
88.59 USD
+4.6 (+5.48%)
At close: Feb 26, 2026
88.56 USD
-0.03 (-0.03%)
After Hours: 2/26/2026, 4:23:28 PM
NDAQ gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. NDAQ scores excellent on profitability, but there are some minor concerns on its financial health. NDAQ is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year NDAQ was profitable.
- In the past year NDAQ had a positive cash flow from operations.
- Each year in the past 5 years NDAQ has been profitable.
- Of the past 5 years NDAQ 4 years had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of NDAQ (5.30%) is better than 69.33% of its industry peers.
- With a decent Return On Equity value of 13.52%, NDAQ is doing good in the industry, outperforming 72.27% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 8.11%, NDAQ belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
- NDAQ had an Average Return On Invested Capital over the past 3 years of 7.14%. This is in line with the industry average of 7.31%.
- The last Return On Invested Capital (8.11%) for NDAQ is above the 3 year average (7.14%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.3% | ||
| ROE | 13.52% | ||
| ROIC | 8.11% |
ROA(3y)4.24%
ROA(5y)4.8%
ROE(3y)11.47%
ROE(5y)14.25%
ROIC(3y)7.14%
ROIC(5y)8.41%
1.3 Margins
- The Profit Margin of NDAQ (19.89%) is comparable to the rest of the industry.
- NDAQ's Profit Margin has improved in the last couple of years.
- NDAQ has a Operating Margin (28.43%) which is in line with its industry peers.
- NDAQ's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 62.26%, NDAQ is in the better half of the industry, outperforming 69.33% of the companies in the same industry.
- In the last couple of years the Gross Margin of NDAQ has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.43% | ||
| PM (TTM) | 19.89% | ||
| GM | 62.26% |
OM growth 3Y3.2%
OM growth 5Y4.28%
PM growth 3Y6.39%
PM growth 5Y5.58%
GM growth 3Y3.55%
GM growth 5Y4.36%
2. Health
2.1 Basic Checks
- The number of shares outstanding for NDAQ has been reduced compared to 1 year ago.
- The number of shares outstanding for NDAQ has been increased compared to 5 years ago.
- NDAQ has a better debt/assets ratio than last year.
2.2 Solvency
- NDAQ has an Altman-Z score of 2.48. This is not the best score and indicates that NDAQ is in the grey zone with still only limited risk for bankruptcy at the moment.
- NDAQ has a Altman-Z score of 2.48. This is in the better half of the industry: NDAQ outperforms 72.69% of its industry peers.
- NDAQ has a debt to FCF ratio of 4.34. This is a neutral value as NDAQ would need 4.34 years to pay back of all of its debts.
- NDAQ has a better Debt to FCF ratio (4.34) than 71.85% of its industry peers.
- A Debt/Equity ratio of 0.72 indicates that NDAQ is somewhat dependend on debt financing.
- NDAQ has a Debt to Equity ratio (0.72) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 2.48 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- NDAQ has a Current Ratio of 0.99. This is a bad value and indicates that NDAQ is not financially healthy enough and could expect problems in meeting its short term obligations.
- NDAQ has a Current ratio of 0.99. This is comparable to the rest of the industry: NDAQ outperforms 44.96% of its industry peers.
- A Quick Ratio of 0.99 indicates that NDAQ may have some problems paying its short term obligations.
- The Quick ratio of NDAQ (0.99) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
- NDAQ shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.40%, which is quite impressive.
- The Earnings Per Share has been growing by 11.09% on average over the past years. This is quite good.
- The Revenue has grown by 11.08% in the past year. This is quite good.
- NDAQ shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.87% yearly.
EPS 1Y (TTM)23.4%
EPS 3Y9.28%
EPS 5Y11.09%
EPS Q2Q%26.32%
Revenue 1Y (TTM)11.08%
Revenue growth 3Y9.69%
Revenue growth 5Y7.87%
Sales Q2Q%13.45%
3.2 Future
- Based on estimates for the next years, NDAQ will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.58% on average per year.
- Based on estimates for the next years, NDAQ will show a small growth in Revenue. The Revenue will grow by 6.71% on average per year.
EPS Next Y13.86%
EPS Next 2Y13.29%
EPS Next 3Y13.5%
EPS Next 5Y11.58%
Revenue Next Year8.93%
Revenue Next 2Y8.53%
Revenue Next 3Y8.35%
Revenue Next 5Y6.71%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 25.46, NDAQ can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, NDAQ is valued a bit more expensive than the industry average as 69.33% of the companies are valued more cheaply.
- NDAQ is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.05, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 22.36 indicates a rather expensive valuation of NDAQ.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of NDAQ indicates a slightly more expensive valuation: NDAQ is more expensive than 61.34% of the companies listed in the same industry.
- NDAQ is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.46 | ||
| Fwd PE | 22.36 |
4.2 Price Multiples
- NDAQ's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NDAQ is cheaper than 72.69% of the companies in the same industry.
- 60.92% of the companies in the same industry are more expensive than NDAQ, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.11 | ||
| EV/EBITDA | 19.17 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NDAQ does not grow enough to justify the current Price/Earnings ratio.
- NDAQ has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as NDAQ's earnings are expected to grow with 13.50% in the coming years.
PEG (NY)1.84
PEG (5Y)2.3
EPS Next 2Y13.29%
EPS Next 3Y13.5%
5. Dividend
5.1 Amount
- NDAQ has a Yearly Dividend Yield of 1.37%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 6.18, NDAQ is paying slightly less dividend.
- NDAQ's Dividend Yield is slightly below the S&P500 average, which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
5.2 History
- On average, the dividend of NDAQ grows each year by 8.85%, which is quite nice.
- NDAQ has paid a dividend for at least 10 years, which is a reliable track record.
- NDAQ has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.85%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
- NDAQ pays out 36.06% of its income as dividend. This is a sustainable payout ratio.
- The dividend of NDAQ is growing, but earnings are growing more, so the dividend growth is sustainable.
DP36.06%
EPS Next 2Y13.29%
EPS Next 3Y13.5%
88.59
+4.6 (+5.48%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-29 2026-01-29/bmo
Earnings (Next)04-22 2026-04-22
Inst Owners75.55%
Inst Owner Change-0.41%
Ins Owners0.54%
Ins Owner Change0.28%
Market Cap50.58B
Revenue(TTM)8.22B
Net Income(TTM)1.63B
Analysts82.61
Price Target113.61 (28.24%)
Short Float %1.83%
Short Ratio1.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
Yearly Dividend0.94
Dividend Growth(5Y)8.85%
DP36.06%
Div Incr Years12
Div Non Decr Years12
Ex-Date03-16 2026-03-16 (0.27)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.1%
Min EPS beat(2)1.81%
Max EPS beat(2)2.38%
EPS beat(4)3
Avg EPS beat(4)1%
Min EPS beat(4)-0.6%
Max EPS beat(4)2.38%
EPS beat(8)5
Avg EPS beat(8)0.99%
EPS beat(12)8
Avg EPS beat(12)1.15%
EPS beat(16)11
Avg EPS beat(16)1.77%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-0.53%
Max Revenue beat(2)0.31%
Revenue beat(4)1
Avg Revenue beat(4)-0.91%
Min Revenue beat(4)-1.92%
Max Revenue beat(4)0.31%
Revenue beat(8)3
Avg Revenue beat(8)-0.81%
Revenue beat(12)5
Avg Revenue beat(12)10.61%
Revenue beat(16)9
Avg Revenue beat(16)25.44%
PT rev (1m)2.7%
PT rev (3m)6.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.21%
EPS NY rev (1m)0.76%
EPS NY rev (3m)2.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)1.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.46 | ||
| Fwd PE | 22.36 | ||
| P/S | 6.19 | ||
| P/FCF | 24.11 | ||
| P/OCF | 21.66 | ||
| P/B | 4.21 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.17 |
EPS(TTM)3.48
EY3.93%
EPS(NY)3.96
Fwd EY4.47%
FCF(TTM)3.67
FCFY4.15%
OCF(TTM)4.09
OCFY4.62%
SpS14.3
BVpS21.06
TBVpS-15.64
PEG (NY)1.84
PEG (5Y)2.3
Graham Number40.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.3% | ||
| ROE | 13.52% | ||
| ROCE | 10.12% | ||
| ROIC | 8.11% | ||
| ROICexc | 8.3% | ||
| ROICexgc | 126.57% | ||
| OM | 28.43% | ||
| PM (TTM) | 19.89% | ||
| GM | 62.26% | ||
| FCFM | 25.69% |
ROA(3y)4.24%
ROA(5y)4.8%
ROE(3y)11.47%
ROE(5y)14.25%
ROIC(3y)7.14%
ROIC(5y)8.41%
ROICexc(3y)7.35%
ROICexc(5y)8.76%
ROICexgc(3y)118.06%
ROICexgc(5y)122.25%
ROCE(3y)8.99%
ROCE(5y)10.78%
ROICexgc growth 3Y7.04%
ROICexgc growth 5Y2.88%
ROICexc growth 3Y-8.1%
ROICexc growth 5Y-4.1%
OM growth 3Y3.2%
OM growth 5Y4.28%
PM growth 3Y6.39%
PM growth 5Y5.58%
GM growth 3Y3.55%
GM growth 5Y4.36%
F-Score8
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.34 | ||
| Debt/EBITDA | 2.94 | ||
| Cap/Depr | 37.98% | ||
| Cap/Sales | 2.9% | ||
| Interest Coverage | 6.23 | ||
| Cash Conversion | 79.26% | ||
| Profit Quality | 129.11% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 2.48 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.4%
EPS 3Y9.28%
EPS 5Y11.09%
EPS Q2Q%26.32%
EPS Next Y13.86%
EPS Next 2Y13.29%
EPS Next 3Y13.5%
EPS Next 5Y11.58%
Revenue 1Y (TTM)11.08%
Revenue growth 3Y9.69%
Revenue growth 5Y7.87%
Sales Q2Q%13.45%
Revenue Next Year8.93%
Revenue Next 2Y8.53%
Revenue Next 3Y8.35%
Revenue Next 5Y6.71%
EBIT growth 1Y22.92%
EBIT growth 3Y13.21%
EBIT growth 5Y12.49%
EBIT Next Year16.03%
EBIT Next 3Y7.86%
EBIT Next 5Y9.21%
FCF growth 1Y43.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y41.43%
OCF growth 3YN/A
OCF growth 5YN/A
NASDAQ INC / NDAQ FAQ
What is the fundamental rating for NDAQ stock?
ChartMill assigns a fundamental rating of 5 / 10 to NDAQ.
Can you provide the valuation status for NASDAQ INC?
ChartMill assigns a valuation rating of 4 / 10 to NASDAQ INC (NDAQ). This can be considered as Fairly Valued.
Can you provide the profitability details for NASDAQ INC?
NASDAQ INC (NDAQ) has a profitability rating of 7 / 10.
What is the valuation of NASDAQ INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for NASDAQ INC (NDAQ) is 25.46 and the Price/Book (PB) ratio is 4.21.
Can you provide the expected EPS growth for NDAQ stock?
The Earnings per Share (EPS) of NASDAQ INC (NDAQ) is expected to grow by 13.86% in the next year.