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Nasdaq/$NDAQ

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About Nasdaq

Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.5% of sales), the company sells market and financial data to investors, offers Nasdaq-branded indexes, and lists companies through its capital access segment (42.5%). Nasdaq's newest segment, financial technology, was primarily constructed through the acquisitions of Verafin and Adenza and has expanded the company into capital management, financial crime, and regulatory compliance software (35%) as it seeks to become a diversified technology company.
Ticker
$NDAQ
Sector
Finance
Primary listing
NASDAQ
Employees
9,593

Nasdaq Metrics

BasicAdvanced
$59B
29.02
$3.66
1.00
$1.16
1.17%

What the Analysts think about Nasdaq

Analyst ratings (Buy, Hold, Sell) for Nasdaq stock.
Analyst projections of the future price of Nasdaq stock.

Bulls say / Bears say

Financial Technology is growing into a substantial recurring-revenue engine: Q3 revenue rose 16%, while organic ARR increased 18% and cloud products made up 85% of new contract bookings. That points to expanding software demand beyond Nasdaq’s traditional exchange business. (Nasdaq)
The index business is benefiting from strong investor demand, with $141 billion of net inflows over the past year and index revenue up 39% in Q3. Continued inflows and product launches could sustain growth in this high-value business. (Nasdaq)
Nasdaq is winning new listings and investing in longer-term market infrastructure: it captured eight of the ten largest operating-company IPOs in Q3 and plans to launch 23/5 trading in December. Wider trading access could create new opportunities for its exchange and technology services. (Nasdaq, Nasdaq)
Some revenue remains exposed to market cycles: Nasdaq’s Q3 market-services revenue grew only 2%, while trading and index fees can weaken if trading activity or asset values fall. A recent run of strong IPOs and index inflows may be difficult to sustain. (Nasdaq, MarketBeat)
Costs are rising alongside growth: Nasdaq lifted its 2026 operating-expense outlook, and reporting cited higher staff costs and IPO marketing as contributors. If revenue momentum cools, that higher cost base could limit earnings growth. (Nasdaq, MarketBeat)
Nasdaq’s debt load and cash generation warrant attention: reporting put gross debt at $8.76 billion and first-half operating cash flow roughly flat year on year. Continued share repurchases, including $323 million in Q3, leave less cash available for debt reduction if business conditions weaken. (Yahoo Finance, Nasdaq)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.

Nasdaq Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Nasdaq Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.