NASDAQ INC (NDAQ) Stock Fundamental Analysis
NASDAQ:NDAQ • US6311031081
81.87 USD
+0.46 (+0.57%)
At close: Feb 20, 2026
81.8 USD
-0.07 (-0.09%)
After Hours: 2/20/2026, 8:00:01 PM
We assign a fundamental rating of 5 out of 10 to NDAQ. NDAQ was compared to 238 industry peers in the Capital Markets industry. While NDAQ has a great profitability rating, there are some minor concerns on its financial health. NDAQ has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- NDAQ had positive earnings in the past year.
- In the past year NDAQ had a positive cash flow from operations.
- NDAQ had positive earnings in each of the past 5 years.
- NDAQ had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- NDAQ's Return On Assets of 5.30% is fine compared to the rest of the industry. NDAQ outperforms 69.33% of its industry peers.
- The Return On Equity of NDAQ (13.52%) is better than 72.27% of its industry peers.
- 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.
- The Average Return On Invested Capital over the past 3 years for NDAQ is in line with the industry average of 7.31%.
- The 3 year average ROIC (7.14%) for NDAQ is below the current ROIC(8.11%), indicating increased profibility in the last year.
| 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
- Looking at the Profit Margin, with a value of 19.89%, NDAQ is in line with its industry, outperforming 53.78% of the companies in the same industry.
- NDAQ's Profit Margin has improved in the last couple of years.
- With a Operating Margin value of 28.43%, NDAQ perfoms like the industry average, outperforming 56.72% of the companies in the same industry.
- NDAQ's Operating Margin has improved in the last couple of years.
- The Gross Margin of NDAQ (62.26%) is better than 69.33% of its industry peers.
- NDAQ's Gross Margin has improved in the last couple of years.
| 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
- Compared to 1 year ago, NDAQ has less shares outstanding
- Compared to 5 years ago, NDAQ has more shares outstanding
- NDAQ has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.44 indicates that NDAQ is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a decent Altman-Z score value of 2.44, NDAQ is doing good in the industry, outperforming 73.11% of the companies in the same industry.
- 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's Debt to FCF ratio of 4.34 is fine compared to the rest of the industry. NDAQ outperforms 71.85% of its industry peers.
- NDAQ has a Debt/Equity ratio of 0.72. This is a neutral value indicating 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 | 2.44 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 0.99 indicates that NDAQ may have some problems paying its short term obligations.
- NDAQ has a Current ratio (0.99) which is comparable to the rest of the industry.
- A Quick Ratio of 0.99 indicates that NDAQ may have some problems paying its short term obligations.
- NDAQ has a Quick ratio (0.99) which is in line with its industry peers.
| 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.
- NDAQ shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.09% yearly.
- The Revenue has grown by 11.08% in the past year. This is quite good.
- The Revenue has been growing slightly by 7.87% on average over the past years.
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.
- The Revenue is expected to grow by 6.71% on average over the next years.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 23.53, the valuation of NDAQ can be described as rather expensive.
- Based on the Price/Earnings ratio, NDAQ is valued a bit more expensive than 69.33% of the companies in the same industry.
- NDAQ's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.99.
- With a Price/Forward Earnings ratio of 20.66, NDAQ is valued on the expensive side.
- Based on the Price/Forward Earnings ratio, NDAQ is valued a bit more expensive than 61.34% of the companies in the same industry.
- NDAQ is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.53 | ||
| Fwd PE | 20.66 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NDAQ indicates a somewhat cheap valuation: NDAQ is cheaper than 72.69% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, NDAQ is valued a bit cheaper than the industry average as 60.92% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.28 | ||
| EV/EBITDA | 18.76 |
4.3 Compensation for Growth
- NDAQ's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- NDAQ has a very decent profitability rating, which may justify a higher PE ratio.
- NDAQ's earnings are expected to grow with 13.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.7
PEG (5Y)2.12
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 6.09, NDAQ is paying slightly less dividend.
- NDAQ's Dividend Yield is slightly below the S&P500 average, which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
5.2 History
- The dividend of NDAQ is nicely growing with an annual growth rate of 8.85%!
- NDAQ has been paying a dividend for at least 10 years, so it has a reliable track record.
- NDAQ has not decreased their dividend for at least 10 years, which is a reliable track record.
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%
81.87
+0.46 (+0.57%)
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 Cap46.75B
Revenue(TTM)8.22B
Net Income(TTM)1.63B
Analysts82.61
Price Target113.61 (38.77%)
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 | 23.53 | ||
| Fwd PE | 20.66 | ||
| P/S | 5.72 | ||
| P/FCF | 22.28 | ||
| P/OCF | 20.02 | ||
| P/B | 3.89 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.76 |
EPS(TTM)3.48
EY4.25%
EPS(NY)3.96
Fwd EY4.84%
FCF(TTM)3.67
FCFY4.49%
OCF(TTM)4.09
OCFY4.99%
SpS14.3
BVpS21.06
TBVpS-15.64
PEG (NY)1.7
PEG (5Y)2.12
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 | 2.44 |
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 23.53 and the Price/Book (PB) ratio is 3.89.
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.