Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Nasdaq, Inc.

NDAQ · Nasdaq · Financial

Fundamental quality

REASONABLE

74

out of 100

Breakdown by area

I.GrowthEPS growth: 12.6% · Revenue growth: 9.3%
63
II.ProfitabilityNet margin: 23% · ROE: 15.9%
86
III.Financial healthNet debt/EBITDA: 3.25x · FCF: 24.1%
72

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.

Strengths

  • High net margin (23%), a sign of a very profitable business.
  • High gross margin (65.3%), pointing to pricing power.
  • Growing revenue (9.3% annualized).
  • Growing earnings per share (12.6% annualized).
  • Strong free-cash-flow generation (FCF margin of 24.1%).

Risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$5,886M$1,187M$920M$5,437M
2022$6,226M$1,125M$1,554M$4,897M
2023$6,064M$1,059M$1,538M$10,001M
2024$7,400M$1,117M$1,732M$8,888M
2025$8,262M$1,788M$1,989M$8,400M

Between 2021 and 2025, revenue went from $5,886M to $8,262M (+40%) and net income went from $1,187M to $1,788M (+51%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Nasdaq, Inc. a profitable company?

Yes. Nasdaq, Inc. shows a net margin of 23% and an ROE of 15.9%, a sign of a profitable business.

Does Nasdaq, Inc. have a lot of debt?

Yes, its leverage is high: net debt is 3.25 times its EBITDA.

Is Nasdaq, Inc. growing?

Its revenue has grown 9.3% annualized in recent years and its earnings per share 12.6%.

Does Nasdaq, Inc. generate cash?

Yes. It converts about 24.1% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Nasdaq, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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