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Nasdaq, Inc.

NASDAQ: NDAQ

Stock price

98.73 USD

(+0%) TODAY

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Financial Performance

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5Y price score: 77

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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: 349.4%

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    76.5

    52-week range

    101.7

    98.73

    Your model inputs

    Required return / cost of capital
    %
    FCFF terminal growth rate
    %

    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

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

    3.5 %

    Dividend Yield TTM

    1.1 %

    Market cap $

    $ 55,188

    Price / Earnings TTM

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

    28.8

    Price / Book TTM

    4.6

    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

    2

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    5.8 %

    61.3 %

    349.4 %

    Free cash flow per share growth

    (5.9) %

    62.4 %

    221.2 %

    Earnings per share growth

    14.1 %

    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.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q2 (Jul 23, 2026)

    1) Financial Performance Overview
    - Nasdaq reported $1.5 billion in net revenue for Q2 2026, a 15% YoY increase.
    - Solutions revenue reached $1.2 billion, up 17% YoY.
    - Annualized recurring revenue (ARR) grew 12% YoY to $3.3 billion.
    - Operating expenses were $641 million, a 10% increase, leading to a 57% operating margin and 60% EBITDA margin.
    - Diluted EPS grew 25% to $1.07, marking the first time it exceeded $1.

    2) Divisional Highlights
    - Capital Access Platforms: Revenue increased 18% to $621 million; notable IPOs included SpaceX, raising $86 billion.
    - Financial Technology: Revenue grew 15% to $539 million, with a 16% ARR growth. Nasdaq Verafin saw 22% revenue growth.
    - Market Services: Achieved 11% net revenue growth, driven by record volumes in U.S. options and equities, including a record $296 billion in notional value traded during the June Triple Witch event.

    3) Strategic Initiatives and Innovations
    - Nasdaq launched 34 new products in Q2, including 11 insurance products.
    - Continued investment in AI capabilities across divisions, with significant client adoption of AI tools.
    - The Index business surpassed $1 trillion in assets under management, with $51 billion in net inflows for the quarter.
    - Expansion of the Nasdaq-100 with new ETF launches and cross-listings, enhancing global investor access.

    4) Market Environment and Regulatory Engagement
    - The IPO environment remains robust, with a broadening pipeline of companies across various sectors, including AI, healthcare, and defense.
    - Nasdaq is actively engaging with regulators on innovations like always-on markets and tokenization of assets, which could enhance investor access.
    - The company is preparing for the launch of 23/5 trading on December 6, 2026, and has received SEC approval for new product offerings.

    5) Challenges and Future Outlook
    - Nasdaq anticipates tougher expense comparisons in upcoming quarters due to increased marketing and compensation expenses.
    - The company is focused on maintaining operational efficiency while navigating a changing regulatory landscape.
    - Future growth is expected to be driven by AI adoption, market modernization, and the expansion of recurring revenue streams.

    Bottom line: Nasdaq's strong Q2 2026 results reflect robust growth across all divisions, driven by strategic innovations and a favorable market environment. The company's focus on AI and regulatory engagement positions it well for continued success, making it an attractive prospect for shareholders.

    Annual Reports, Presentations And IR Contacts

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    Annual report links (10K)
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    Nasdaq, Inc. — Financial Overview, Stock Price, Market Cap

    Nasdaq, Inc. is a company. Founded in 1971. As of August 26, 2026, the company's market capitalization is $55187835938 with a current stock price of $98.73.