Loading...
NDAQ logo

Nasdaq, Inc.NasdaqGS:NDAQ Stock Report

Market Cap US$51.6b
Share Price
US$91.30
US$106.67
14.4% undervalued intrinsic discount
1Y16.8%
7D1.0%
Portfolio Value
View

Nasdaq, Inc.

NasdaqGS:NDAQ Stock Report

Market Cap: US$51.6b

Nasdaq (NDAQ) Stock Overview

Operates as a technology company that serves capital markets and other industries in the United States and internationally. More details

NDAQ fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance5/6
Financial Health3/6
Dividends4/6

NDAQ Community Fair Values

Create Narrative

See what 81 others think this stock is worth. Follow their fair value or set your own to get alerts.

Nasdaq, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Nasdaq
Historical stock prices
Current Share PriceUS$91.30
52 Week HighUS$101.79
52 Week LowUS$77.09
Beta1.02
1 Month Change5.37%
3 Month Change4.09%
1 Year Change16.77%
3 Year Change66.24%
5 Year Change67.49%
Change since IPO1,726.00%

Recent News & Updates

Recent updates

NDAQ: AI And Fintech Platform Durability Will Support Re Rating Beyond 2026

Analysts have slightly adjusted the Nasdaq price target to about $106.70 from roughly $106.90, reflecting modest tweaks to assumptions on growth, margins and future P/E, while citing continued confidence in the durability of its platform and its role in financial technology and AI. Analyst Commentary Recent Street research on Nasdaq reflects a mix of optimism and caution, with several firms adjusting price targets around the low US$100s and refining their views on execution, valuation and growth in financial technology and AI.

Nasdaq: My Multiple Target Has Been Reached, So I Am Upgrading To A Buy

Apr 26

NDAQ: AI And Fintech Platform Durability Will Drive Re Rating Beyond 2026

Nasdaq's analyst fair value estimate has been reduced by about $3 to $106.87, as analysts modestly adjust assumptions for growth, margins, and future P/E, while still emphasizing the durability of its technology platform and AI exposure highlighted in recent research. Analyst Commentary Recent Street research on Nasdaq reflects a mix of optimism around the company’s platform and AI exposure, alongside a few more cautious tweaks to price targets and ratings.

NDAQ: AI And Fintech Platform Durability Will Drive Re Rating Through 2026

Narrative Update on Nasdaq The updated analyst price target for Nasdaq edges higher to about $110 from roughly $109, with analysts pointing to refined assumptions around slightly higher revenue growth, a stable discount rate, and a modestly higher future P/E as they gain confidence in the durability of the platform and its exposure to financial technology and AI. Analyst Commentary Recent research updates cluster around higher price targets and an upgraded rating, all tied to views on Nasdaq's platform durability, execution in financial technology, and exposure to AI themes.

NDAQ: AI And Fintech Platform Strength Will Support Re Rating Through 2026

The implied fair value estimate for Nasdaq has inched up by about $0.80 to $108.53 as analysts factor in updated revenue growth assumptions, modest tweaks to discount and margin inputs, and a series of recent price target increases that highlight confidence in the durability of its platform and its role as a beneficiary of AI. Analyst Commentary Recent research commentary on Nasdaq has been broadly constructive, with several bullish analysts adjusting price targets higher and one upgrade following the latest investor day.

NDAQ: Higher Quality Solutions Mix Will Support Re Rating On Execution Through 2026

Nasdaq's updated analyst price target edges down by about $0.60 as analysts factor in slightly softer revenue growth and modestly lower future P/E assumptions, even as recent research notes have continued to lift individual firm targets in the $113 to $120 range. Analyst Commentary Recent research on Nasdaq shows most price targets moving higher into the low to mid US$110s, with a few reaching US$120.

NDAQ: Higher Quality Solutions Mix Will Support Share Re Rating Through 2026

Nasdaq's updated analyst price target edges lower to about $108 from roughly $109 as analysts factor in slightly softer modeled revenue growth, a modest tweak to discount rates, and a lower assumed future P/E multiple. This is partly offset by a small uplift in expected profit margins and a series of recent target increases from major firms.

NDAQ: Solutions Shift And Higher Quality Revenue Mix Will Drive Upside Through 2026

Analysts have nudged their fair value estimate for Nasdaq higher to about $109.36 from $104.67, citing slightly stronger profit margin assumptions, modestly adjusted revenue growth expectations, and a higher future P/E multiple, supported by recent rounds of price target increases from firms across the Street. Analyst Commentary Recent Street research has tilted more constructive on Nasdaq, with several price target increases and at least one rating upgrade contributing to the higher fair value estimate.

NDAQ: Technology Solutions And AI Surveillance Will Shape Balanced Risk Reward Through 2026

Analysts have nudged their average price targets for Nasdaq higher, reflecting a modest increase in fair value to about $104.67. This comes as they factor in updated models, recent price target hikes across several firms, and continued focus on the company’s exchange and technology solutions businesses.

NDAQ: Technology Solutions Mix Will Support Balanced Risk Reward Into 2026

Analysts have nudged their fair value estimate for Nasdaq higher to $104 from about $103, citing an improved revenue growth trajectory, a modestly lower discount rate, and expectations that the company’s ongoing shift toward higher quality, technology driven revenue streams will support a richer future earnings multiple. Analyst Commentary Recent Street research reflects a broadly constructive stance on Nasdaq, with multiple firms lifting price targets and highlighting strengthening fundamentals across the company’s technology and solutions businesses.

NDAQ: Higher Quality Solutions Revenue Will Drive Continued Share Upside Into 2026

Analysts have nudged their average price target for Nasdaq higher to the low $110s from the high $100s, citing accelerating, higher quality solutions revenue and a supportive macro backdrop that they expect will sustain or even quicken the company’s growth momentum into 2026. Analyst Commentary Street research in recent weeks has grown more constructive on Nasdaq, pointing to an improving earnings trajectory and a higher quality revenue mix that is reinforcing the stock's re-rating case.

NDAQ: Accelerating Solutions Business Momentum Will Support Further Share Upside Into 2026

Analysts have raised their price target for Nasdaq, increasing it by approximately $0.78 to $103.13. They cite accelerating revenue growth across its solutions business and a constructive outlook supported by recent research updates.

NDAQ: Continued Revenue Momentum Will Drive Performance After Strong Q3 Results

The analyst price target for Nasdaq has been raised by $1, with analysts citing strong Q3 results and continued revenue growth momentum as key drivers for the positive revision. Analyst Commentary Recent commentary from research analysts highlights both positive outlooks and areas of caution regarding Nasdaq's performance and future prospects.

Momentum in Technology and AWS Collaboration Will Drive Broader Market Transformation

Analysts have slightly increased their price target for Nasdaq, raising it by $1.00 to $102.67. They cite strong recent earnings results and continued momentum in core business segments.

Product Investments And AWS Partnership Will Modernize Global Markets

Nasdaq's analyst price target saw a modest increase of $1.00, with analysts citing steady revenue growth, resilient profit margins, and positive momentum in market services and index businesses as factors supporting this upward adjustment. Analyst Commentary Recent analyst research on Nasdaq highlights a broadly constructive tone, with incremental adjustments to price targets and nuanced views on future growth and market execution.

Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's

Jun 13
Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's

Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's

May 30
Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's

Nasdaq: Re-Rating After Coming Through

Apr 25

Nasdaq: Debt Reduction Underway And Company Well Positioned

Feb 02

Beyond The Index: Why Nasdaq Is A Fintech Powerhouse

Dec 26

Nasdaq: Once Again Reports A Solid Quarter Of Organic Solutions Revenue Growth

Oct 25

Nasdaq: Tailwinds In IPO Activity And Software Company Acquisitions

Oct 07

Nasdaq Q3 Preview: Improving IPO Activity Could Start In H1 FY25

Sep 26

Nasdaq: Strong Q2 2024 Results, Solid Stock Reaction; Valuation Closer To Fair Value (Rating Downgrade)

Aug 04

Shareholder Returns

NDAQUS Capital MarketsUS Market
7D1.0%-0.2%0.6%
1Y16.8%15.6%28.4%

Return vs Industry: NDAQ exceeded the US Capital Markets industry which returned 15.6% over the past year.

Return vs Market: NDAQ underperformed the US Market which returned 28.4% over the past year.

Price Volatility

Is NDAQ's price volatile compared to industry and market?
NDAQ volatility
NDAQ Average Weekly Movement4.2%
Capital Markets Industry Average Movement3.7%
Market Average Movement7.1%
10% most volatile stocks in US Market16.2%
10% least volatile stocks in US Market3.2%

Stable Share Price: NDAQ has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NDAQ's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19719,613Adena Friedmanwww.nasdaq.com

Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally. It operates through three segments: Capital Access Platforms, Financial Technology, and Market Services. The company distributes historical and real-time market data; develops and licenses Nasdaq-branded indices and financial products; provides investor relations intelligence, governance solutions, and sustainability solution products for public and private companies, and organizations, as well as insights and workflow solutions; and operates listing platforms.

Nasdaq, Inc. Fundamentals Summary

How do Nasdaq's earnings and revenue compare to its market cap?
NDAQ fundamental statistics
Market capUS$51.65b
Earnings (TTM)US$1.91b
Revenue (TTM)US$5.42b
27.0x
P/E Ratio
9.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NDAQ income statement (TTM)
RevenueUS$5.42b
Cost of RevenueUS$0
Gross ProfitUS$5.42b
Other ExpensesUS$3.51b
EarningsUS$1.91b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.38
Gross Margin100.00%
Net Profit Margin35.28%
Debt/Equity Ratio74.4%

How did NDAQ perform over the long term?

See historical performance and comparison

Dividends

1.4%
Current Dividend Yield
32%
Payout Ratio

Does NDAQ pay a reliable dividends?

See NDAQ dividend history and benchmarks
When do you need to buy NDAQ by to receive an upcoming dividend?
Nasdaq dividend dates
Ex Dividend DateJun 12 2026
Dividend Pay DateJun 26 2026
Days until Ex dividend38 days
Days until Dividend pay date52 days

Does NDAQ pay a reliable dividends?

See NDAQ dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/04 04:35
End of Day Share Price 2026/05/04 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nasdaq, Inc. is covered by 33 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin HealArgus Research Company
Benjamin BudishBarclays
Roger FreemanBarclays