Nasdaq, Inc. (NDAQ)

Nasdaq Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	55,324	55,461	44,435	33,545	30,140	35,118
Market Cap Growth	26.24%	24.82%	32.46%	11.30%	-14.18%	61.28%
Enterprise Value	64,158	64,596	54,484	38,267	35,719	41,173
Last Close Price	96.89	97.13	76.37	56.63	58.78	66.19
PE Ratio	31.36	31.02	39.78	31.68	26.79	29.59
Forward PE	24.92	26.10	25.23	21.77	22.48	28.28
PS Ratio	6.76	6.75	6.01	5.53	4.84	5.97
PB Ratio	4.52	4.53	3.97	3.10	4.89	5.48
P/FCF Ratio	-	-	25.66	21.81	19.40	38.17
P/OCF Ratio	-	-	22.92	19.78	17.67	32.43
PEG Ratio	1.56	1.60	2.86	3.27	3.94	2.14
EV/Sales Ratio	7.81	7.86	7.36	6.31	5.74	7.00
EV/EBITDA Ratio	20.61	20.75	20.82	17.69	18.30	21.66
EV/EBIT Ratio	25.82	25.99	27.19	20.80	21.09	25.37
EV/FCF Ratio	-	-	31.46	24.88	22.99	44.75
Debt / Equity Ratio	0.77	0.77	0.89	1.01	0.96	0.98
Debt / EBITDA Ratio	2.92	2.92	3.64	4.77	2.87	3.11
Debt / FCF Ratio	-	-	5.73	7.11	3.80	6.80
Asset Turnover	0.27	0.27	0.24	0.23	0.30	0.31
Quick Ratio	0.20	0.20	0.21	0.16	0.14	0.13
Current Ratio	1.00	1.00	0.99	1.01	0.97	0.94
Return on Equity (ROE)	15.25%	15.25%	10.12%	12.44%	17.87%	18.49%
Return on Assets (ROA)	5.05%	5.05%	4.00%	4.33%	5.17%	5.33%
Return on Invested Capital (ROIC)	9.81%	9.96%	7.38%	8.46%	10.85%	11.49%
Return on Capital Employed (ROCE)	10.80%	10.80%	8.90%	7.90%	14.10%	13.30%
Earnings Yield	3.23%	3.22%	2.51%	3.16%	3.73%	3.38%
FCF Yield	-	-	3.90%	4.58%	5.16%	2.62%
Dividend Yield	1.10%	1.08%	1.23%	1.52%	1.33%	1.06%
Payout Ratio	34.95%	-	48.43%	41.64%	34.04%	29.49%
Buyback Yield / Dilution	0.10%	0.10%	-13.93%	-2.12%	1.43%	-0.87%
Total Shareholder Return	1.22%	1.18%	-12.70%	-0.60%	2.76%	0.18%

Updated Jan 29, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q