NASDAQ, INC.
Company Stats
- Market Cap
- $51.4B
- as of Sep 30, 2026
- Enterprise Value
- $59.8B
- Shares Outstanding
- 559.0M
- Free Float
- 59.5%
Income Statement
- Revenue
- $8.3B
- Operating Income
- $2.3B
- Net Income
- $1.8B
- EBITDA
- $2.5B
- Revenue Growth, 3Y
- 9.9%
- FCF Margin, 3Y Avg
- 24.3%
- FCF Margin, Worst Year
- 23.4%
Cash Flow
- Free Cash Flow
- $2.0B
- FCF Yield
- 3.9%
- Owner FCF Yield
- 3.5%
Balance Sheet
- Cash & Equivalents
- $604.0M
- Total Debt
- $9.0B
- Net Debt
- $8.4B
- Net Debt / EBITDA
- 3.39x
- EV / EBITDA
- 24.16x
- Net Debt / EBIT
- 3.60x
Returns & Capital
- Dividends Paid
- $601.0M
- Dividend Yield
- 1.2%
- Dividend Payout, 3Y Avg
- 41.2%
- Share Repurchases
- $616.0M
- Buyback Yield, 3Y Avg
- 0.7%
- SBC, 3Y Avg
- $142.7M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $8.3B | $2.0B | 24.1% |
| FY2024 | $7.4B | $1.7B | 23.4% |
| FY2023 | $6.1B | $1.5B | 25.4% |
| FY2022 | $6.2B | $1.6B | 25.0% |
| FY2021 | $5.9B | $920.0M | 15.6% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 27, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Financial Services Earnings: Demand Strong, Costs Bite Back