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Nasdaq, Inc.

NASDAQ: NDAQ

Stock price

103.07 USD

(+53.29%) 5 years

Financial Exchanges & DataFinancial - Data & Stock ExchangesInvestable Universe

Financial Performance

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5Y price score: 78

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 399.1%

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76.5

52-week range

104.2

103.07

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Required return / cost of capital
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FCFF terminal growth rate
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Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

3.8 %

Dividend Yield TTM

1.1 %

Market cap $

$ 57,614

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

28.2

Price / Book TTM

4.8

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

0.5

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

19.1 %

59.7 %

399.1 %

Free cash flow per share growth

210.4 %

62.4 %

221.2 %

Earnings per share growth

31.5 %

66.1 %

272.3 %

Founded: 1,971

Employees: 9,377

Business Summary:Nasdaq, Inc., a technology powerhouse founded in 1971 and based in New York City, is dedicated to supporting capital markets and various other sectors worldwide. Its Market Technology division specializes in fighting financial crime, offering products like Nasdaq Trade Surveillance, a SaaS solution that assists brokers and market participants in meeting compliance requirements and internal surveillance policies. This segment also provides Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool, and Verafin, a SaaS provider for anti-financial crime management. Furthermore, this division handles a wide array of assets, including cash equities, equity derivatives, global currencies, interest-bearing securities, commodities, energy resources, and digital currencies. The Investment Intelligence segment is responsible for distributing both historical and live market data, creating and licensing Nasdaq-branded financial indexes and products, and delivering valuable investment insights and workflow solutions. Through its Corporate Platforms, Nasdaq manages operational listing venues and furnishes specialized intelligence for investor relations, alongside comprehensive governance services. The Market Services segment covers a broad spectrum of operations, including the trading and clearing of equity derivatives, cash equities, fixed income, and commodities, in addition to providing trade management services. This division operates numerous exchanges and marketplace facilities that accommodate diverse asset classes such as derivatives, commodities, cash equity, debt, structured products, and exchange-traded products, while also offering crucial broker, clearing, settlement, and central depository functionalities. As of December 31, 2021, The Nasdaq Stock Market proudly listed 4,178 companies, specifically 1,632 on The Nasdaq Global Select Market, 1,169 on The Nasdaq Global Market, and 1,377 on The Nasdaq Capital Market. The company adopted its current name, Nasdaq, Inc., in September 2015, having previously been known as The NASDAQ OMX Group, Inc.

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Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q3 (Oct 22, 2026)

1) Strategic Overview and Leadership Insights
- Nasdaq continues to position itself as a leader in transforming financial markets, focusing on the growth of passive investing and direct retail ownership.
- The company emphasizes the integration of artificial intelligence (AI) across its platform to enhance decision-making and risk management for clients.
- Nasdaq is committed to developing next-generation market infrastructure, with a focus on always-on markets and AI-driven solutions.

2) Financial Performance and Segment Results
- In Q3 2026, Nasdaq reported $1.5 billion in net revenue, a 14% YoY increase, with solutions revenue at $1.2 billion, up 18%.
- Annualized recurring revenue (ARR) grew 14% YoY to $3.4 billion.
- Capital Access Platforms saw 20% revenue growth and 8% ARR growth, while Financial Technology achieved 16% revenue growth and 18% ARR growth. Market Services reported a modest 2% revenue growth.
- Diluted EPS increased by 19%, supported by a 16% growth in operating income and share repurchases.

3) Challenges and Headwinds
- There is a noted softening in the IPO environment, with some companies reevaluating their timing for public offerings.
- Nasdaq is managing increased operational expenses, which rose 12% to $638 million, driven by employee compensation and investments in technology.

4) Operational and Product Developments
- Nasdaq welcomed 15 new operating companies in Q3, raising $32 billion in proceeds, maintaining a 79% win rate for IPOs.
- The company launched 32 new products in the quarter, with significant contributions from its index franchise, which saw record net inflows of $141 billion over the last 12 months.
- Nasdaq Verafin, a key player in financial crime management, reported 23% revenue growth and 19% ARR growth, highlighting strong demand for AI-driven solutions.
- The acquisition of LeveL Markets enhances Nasdaq's capabilities in providing liquidity and execution solutions.

5) Guidance and Outlook
- Nasdaq remains optimistic about its growth trajectory, with plans to launch 23/5 trading on December 6, 2026, enhancing market accessibility.
- The company is focused on executing its strategic objectives and delivering long-term value to shareholders, with a robust pipeline of AI solutions and continued investment in cloud capabilities.
- The transcript lacks specific forward-looking guidance on revenue or EPS for Q4 2026 or beyond, which would be beneficial for investors.

Bottom line: Nasdaq's strong Q3 performance, driven by strategic investments in technology and AI, positions it well for future growth despite some headwinds in the IPO market. The company's commitment to innovation and market leadership suggests a positive outlook for shareholders.

Annual Reports, Presentations And IR Contacts

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Nasdaq, Inc. — Financial Overview, Stock Price, Market Cap

Nasdaq, Inc. is a company. Founded in 1971. As of October 23, 2026, the company's market capitalization is $57613797732 with a current stock price of $103.07.