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NASDAQ, INC.
Nasdaq · CIK 1120193
Last close90.33
Daily change-1.34 (-1.46%)
10 Years gain+338.37%
Dividends TTM1.16 (+13.73%)
Dividend yield1.27%
Fundamental Analysis
NDAQ · STANDARD
SIC 6200 · Security & Commodity Brokers, Dealers, Exchanges & Services · Fiscal year end 1231
Fundamental
51.5Momentum
72.1Acceleration
72.1Confidence
87.0Annual Revenue18
Quarterly Revenue61
Annual CFO16
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth17.5 / 25
Quality20.8 / 25
Capital Efficiency7.2 / 20
Balance Sheet3.5 / 15
Shareholder Economics0.0 / 10
Forward Indicators2.6 / 5
Signals
Gross margin expansionGross margin improved by 0.9168 percentage points.
Operating leverageOperating margin improved by 4.4161 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Share count reductionDiluted share count declined 2.1091%.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Key Metrics
Revenue Growth TTM16.93%OK
Revenue CAGR 3Y9.89%OK
Gross Margin63.34%OK
Operating Margin28.91%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC10.03%OK
Incremental Operating Margin 3Y42.59%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y-2.11%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $8.26B | $5.25B | $2.33B | $2.26B | $1.99B | 63.53% | 28.21% | 24.07% | 9.86% | 578.6M |
| 2025 FY Dec 31, 2024 | $7.40B | $4.65B | $1.80B | $1.94B | $1.73B | 62.82% | 24.3% | 23.41% | 7.06% | 579.19M |
| 2025 FY Dec 31, 2023 | $6.06B | $3.90B | $1.58B | $1.70B | $1.54B | 64.23% | 26.02% | 25.36% | 7.83% | 508.39M |
| 2024 FY Dec 31, 2022 | $6.23B | $3.58B | $1.56B | $1.71B | $1.55B | 57.53% | 25.12% | 24.96% | 11.51% | 497.86M |
| 2023 FY Dec 31, 2021 | $5.89B | $3.42B | $1.44B | $1.08B | $920.00M | 58.1% | 24.48% | 15.63% | 11.77% | 505.09M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $8.73B | sum latest 4 fiscal quarters Revenue | OK | 0001120193-26-000013, 0001628280-25-046006 |
| Revenue Growth TTM | 16.93% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001120193-26-000013, 0001628280-25-046006 |
| Revenue CAGR 3Y | 9.89% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001628280-26-007703 |
| Revenue CAGR 5Y | 7.99% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001628280-26-007703 |
| Gross Profit CAGR 3Y | 13.58% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001628280-26-007703 |
| Operating Income Growth | 38.02% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001120193-26-000013, 0001628280-25-046006 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 63.34% | Gross Profit / Revenue | OK | 0001120193-26-000013, 0001628280-25-046006 |
| Operating Margin | 28.91% | Operating Income / Revenue | OK | 0001120193-26-000013, 0001628280-25-046006 |
| ROIC | 10.03% | NOPAT / Average Invested Capital | OK | 0001120193-26-000013, 0001628280-25-046006 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001120193-26-000013 |
| Current Ratio | 1.01x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 0.06x | (Cash + Short-term Investments) / Total Debt | OK | 0001120193-26-000013 |
| Revenue per Diluted Share | $15.37 | Revenue / Diluted Shares | OK | 0001120193-26-000013, 0001628280-25-046006 |