Nasdaq Inc
Nasdaq Inc (NDAQ) is listed on NASDAQ and classified in Financial Data & Stock Exchanges, part of the Financial Services sector. It is headquartered in New York, United States and has 9,630 employees. The company is worth $57.74B and trades at 30.1x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $8.26B in fiscal 2025, up 11.6% from the year before. Net income was $1.79B. The share price is within 3% of its 52-week high. It pays a dividend yielding 1.12%, and has raised its annual dividend for 12 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $239.6M. In that quarter, 5 of them opened or added to the position and 1 reduced it. Over the last 30 days, company insiders sold $105.9K of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +38.7% over 5Y.
today you would have $1,438.95▲ +43.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $97.13 | $77.31 | $58.14 | $61.35 | $70.00 | $44.25 | $35.70 | $27.19 | $25.61 | $22.37 | $19.39 | $15.99 | $13.27 | $8.33 | $8.17 | $7.91 | $6.61 | $8.24 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 10.7% a year plus a 1.1% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 23.2 across this company’s own years on record.
Cash flow growing 10.7% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 12.4x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| DBDeutsche Bank Aktiengesellschaft | $31.48 | 8.2x | 0.7x | 3.68% | 8.89% | $59.15B |
| TFCTruist Financial Corp | $48.42 | 12.3x | 1.0x | 4.30% | 8.16% | $59.15B |
| AFLAflac Inc | $123.27 | 13.3x | 2.0x | 1.98% | 16.91% | $61.8B |
| AONAon plc | $306.80 |
| P/E | 23.2x | 31.4x | 40.1x | 28.0x | 27.1x | 29.8x | 23.8x | 23.1x | 29.9x | 17.9x | 106.5x | 23.3x | 20.1x | 17.7x | 12.2x | 11.4x | 12.4x | 15.9x | 15.9x |
| P/S | 3.2x | 6.7x | 6.0x | 5.5x | 4.8x | 5.9x | 3.9x | 4.2x | 3.2x | 3.2x | 3.0x | 2.8x | 2.3x | 2.1x | 1.3x | 1.2x | 1.3x | 1.2x | — |
| P/B | 2.2x | 4.5x | 4.0x | 3.1x | 4.9x | 5.4x | 3.4x | 3.1x | 2.5x | 2.2x | 2.1x | 1.7x | 1.4x | 1.1x | 0.8x | 0.9x | 0.9x | 0.8x | — |
| EPS | $3.09 | $1.93 | $2.08 | $2.26 | $2.35 | $1.86 | $1.54 | $0.91 | $1.43 | $0.21 | $0.83 | $0.80 | $0.75 | $0.68 | $0.72 | $0.64 | $0.42 | $0.52 |
| Dividend yield | 1.38% | 1.08% | 1.22% | 1.48% | 1.27% | 1.00% | 1.46% | 1.73% | 2.08% | 1.90% | 1.80% | 1.55% | 1.21% | 1.31% | 1.04% | — | — | — | — |
| Payout | 34.64% | 33.98% | 48.70% | 41.35% | 34.51% | 29.93% | 34.77% | 39.96% | 62.27% | 33.95% | 192.06% | 36.00% | 24.27% | 23.11% | 12.75% | — | — | — | — |
| Profit margin | 12.48% | 21.64% | 15.09% | 17.46% | 18.07% | 20.17% | 16.59% | 18.18% | 10.71% | 18.47% | 2.86% | 12.58% | 11.83% | 11.99% | 11.28% | 11.26% | 12.38% | 7.80% | 8.60% |
| ROE | 8.39% | 14.62% | 9.98% | 9.79% | 18.29% | 18.56% | 14.50% | 13.73% | 8.41% | 12.40% | 1.95% | 7.63% | 7.15% | 6.23% | 6.76% | 7.78% | 8.37% | 5.39% | 7.30% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-47.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 16.9x |
| 6.8x |
| 1.07% |
| 44.70% |
| $65.08B |
| ALLAllstate Corp | $259.10 | 5.2x | 2.1x | 1.67% | 46.11% | $65.52B |
| METMetlife Inc | $103.57 | 19.8x | 2.4x | 2.29% | 13.09% | $65.82B |