Nasdaq, Inc. (NDAQ)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Nasdaq, Inc. (NDAQ) trades at $84.66 with AI Score 69/100 (Grade B+). Nasdaq, Inc. operates as a technology company serving capital markets and various industries globally. Market cap: $47.88B, Sector: Financial services.
Price live · AI analysis from May 10, 2026NDAQ stock analysis for 2026: Analysts have set a consensus price target of $114.00 for Nasdaq, Inc., suggesting 34.7% upside from the current price of $84.66. The AI MoonshotScore is 69/100, indicating a bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
NDAQ: 1/1 perspectives are bullish.
How is this calculated? →Nasdaq, Inc. (NDAQ) Financial Services Profile
Nasdaq, Inc. is a global technology company at the heart of capital markets, providing trading, clearing, exchange technology, and information services. With a significant presence in market surveillance and anti-financial crime solutions, Nasdaq supports a diverse range of assets and listed companies worldwide, competing with established players in the financial data and exchange sector.
What Is the Investment Thesis for NDAQ?
Nasdaq, Inc. presents a compelling investment case driven by its diversified revenue streams and strategic positioning in the financial technology sector. The company's Market Technology segment, particularly its anti-financial crime solutions, offers substantial growth potential amid increasing regulatory scrutiny. With a P/E ratio of 25.7 and a profit margin of 23.1%, Nasdaq demonstrates solid profitability. The dividend yield of 1.21% provides a steady return for investors. Upcoming catalysts include further expansion of its SaaS-based anti-financial crime offerings and continued growth in its Investment Intelligence segment. Potential risks include increased competition from established exchange operators and the impact of macroeconomic factors on trading volumes.
Based on FMP financials and quantitative analysis
NDAQ Key Highlights
- Market Cap of $47.88B reflects Nasdaq's significant presence and valuation in the financial technology sector.
- P/E Ratio of 25.7 indicates investor confidence in Nasdaq's earnings potential relative to its stock price.
- Profit Margin of 23.1% showcases Nasdaq's ability to generate profits efficiently.
- Gross Margin of 54.8% demonstrates strong pricing power and cost management.
- Dividend Yield of 1.21% provides a consistent income stream for investors.
Who Are NDAQ's Competitors?
NDAQ is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SPGI S&P Global Inc. | $439.89 | +6.01% | $130.21B | 68 |
| CME CME Group Inc. | $236.60 | +2.42% | $85.73B | 76 |
| ICE Intercontinental Exchange, Inc. | $132.99 | +4.94% | $75.21B | 55 |
| MCO Moody's Corporation | $490.51 | +4.72% | $85.69B | 80 |
| MSCI MSCI Inc. | $603.11 | +3.62% | $43.91B | 73 |
| TDV ProShares - S&P Technology Dividend Aristocrats ETF | $98.67 | -3.65% | $280.91M | 47 |
| CWB State Street SPDR Bloomberg Convertible Securities ETF | $104.38 | -1.39% | $4.58B | 47 |
| PEQSX Putnam Large Cap Value Fund | $43.95 | +1.31% | $51.40B | 47 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NDAQ's Key Strengths?
- Strong brand recognition and reputation.
- Diversified revenue streams across multiple business segments.
- Leading position in market technology and anti-financial crime solutions.
- Global presence and reach.
What Are NDAQ's Weaknesses?
- Dependence on market volatility and trading volumes.
- Exposure to regulatory changes and compliance costs.
- Competition from established exchange operators and fintech companies.
- Potential for cybersecurity breaches and data privacy concerns.
What Could Drive NDAQ Stock Higher?
- Expansion of SaaS-based anti-financial crime offerings to new markets.
- Continued growth in demand for market data and analytics.
- Strategic acquisitions to enhance product offerings and market share.
- Launch of new index products and investment solutions.
- Increasing adoption of cloud-based technology solutions.
What Are the Key Risks for NDAQ?
- Rich valuation — a P/E of 25.7 runs well above the Financial Services sector’s ~18x, leaving little room for a miss.
- Economic downturns and market corrections could reduce trading volumes.
- Increased competition from alternative trading systems and fintech companies.
- Regulatory scrutiny and potential fines for non-compliance.
- Technological disruptions and cybersecurity threats.
- Geopolitical risks and trade tensions could impact global capital markets.
What Are the Growth Opportunities for NDAQ?
- Expansion of Anti-Financial Crime Technology: The anti-financial crime technology market is experiencing rapid growth, driven by increasing regulatory scrutiny and the need to combat financial fraud. Nasdaq's Verafin and other SaaS solutions position it to capture a significant share of this market. This market is estimated to reach $20 billion by 2028, offering substantial growth potential for Nasdaq. Timeline: Ongoing.
- Growth in Investment Intelligence Segment: The demand for real-time market data, analytics, and investment insights is increasing as investors seek to make informed decisions. Nasdaq's Investment Intelligence segment is well-positioned to capitalize on this trend by offering innovative data solutions and index products. The global market for financial data is projected to reach $40 billion by 2027. Timeline: Ongoing.
- Strategic Acquisitions: Nasdaq has a history of strategic acquisitions to expand its product offerings and market reach. Future acquisitions in areas such as data analytics, fintech, and regulatory technology could drive further growth. Identifying and integrating synergistic acquisitions will be crucial for maintaining a competitive edge. Timeline: Ongoing.
- Expansion of Corporate Platforms: The market for listing services and investor relations solutions is growing as more companies seek to access public markets and engage with investors. Nasdaq's Corporate Platforms segment can benefit from this trend by attracting new listings and offering innovative investor relations tools. The global IPO market is expected to rebound in the coming years. Timeline: Upcoming.
- International Expansion: Nasdaq has opportunities to expand its presence in international markets, particularly in emerging economies with growing capital markets. By establishing partnerships and offering localized solutions, Nasdaq can tap into new revenue streams and diversify its geographic footprint. The growth of capital markets in Asia and Latin America presents significant opportunities. Timeline: Ongoing.
What Opportunities Does NDAQ Have?
- Expansion into new markets and asset classes.
- Strategic acquisitions to enhance product offerings and market share.
- Growth in demand for market data and analytics.
- Increased adoption of anti-financial crime technology.
What Threats Does NDAQ Face?
- Economic downturns and market corrections.
- Increased competition from alternative trading systems and dark pools.
- Regulatory scrutiny and potential fines.
- Technological disruptions and cybersecurity threats.
What Are NDAQ's Competitive Advantages?
- Network effect: The more companies that list on Nasdaq, the more attractive it becomes to investors, and vice versa.
- Switching costs: High switching costs for exchanges and clearinghouses due to regulatory requirements and operational complexity.
- Brand reputation: Nasdaq is a well-known and respected brand in the financial industry.
- Proprietary technology: Nasdaq's technology solutions are highly sophisticated and difficult to replicate.
What Does NDAQ Do?
Founded in 1971 and headquartered in New York City, Nasdaq, Inc. has evolved from the world's first electronic stock market to a diversified technology company serving the global capital markets and beyond. Initially known as The NASDAQ OMX Group, Inc., the company rebranded to Nasdaq, Inc. in September 2015, reflecting its broader scope. Nasdaq operates through four primary segments: Market Technology, Investment Intelligence, Corporate Platforms, and Market Services. The Market Technology segment offers anti-financial crime technology, including Nasdaq Trade Surveillance, Nasdaq Automated Investigator, and Verafin, catering to brokers and market participants. The Investment Intelligence segment focuses on market data distribution, index development, and investment solutions. Corporate Platforms provides listing platforms and investor relations services. The Market Services segment operates exchanges and clearing facilities for various asset classes. As of December 31, 2021, Nasdaq had 4,178 listed companies on The Nasdaq Stock Market. Nasdaq's evolution reflects its commitment to innovation and its pivotal role in shaping modern capital markets.
What Products and Services Does NDAQ Offer?
- Operates exchanges for trading stocks, options, and other securities.
- Provides clearing and settlement services for trades.
- Offers market data and analytics to investors and traders.
- Develops and licenses indexes for financial products.
- Provides technology solutions for exchanges and clearinghouses.
- Offers anti-financial crime technology solutions.
- Provides listing services for companies going public.
- Offers investor relations and governance solutions.
How Does NDAQ Make Money?
- Transaction fees from trading and clearing activities.
- Subscription fees for market data and analytics.
- Licensing fees for indexes and technology solutions.
- Listing fees from companies listed on Nasdaq exchanges.
- Fees for anti-financial crime technology solutions.
What Industry Does NDAQ Operate In?
Nasdaq, Inc. operates within the financial data and stock exchange industry, a sector characterized by rapid technological advancements and increasing regulatory complexity. The industry is witnessing a growing demand for sophisticated market surveillance and anti-financial crime solutions, driven by heightened regulatory scrutiny and the need to combat financial fraud. Nasdaq competes with established players like S&P Global Inc. (SPGI), CME Group Inc. (CME), and Intercontinental Exchange, Inc. (ICE), all vying for market share in trading, data services, and exchange technology. The industry is also influenced by macroeconomic factors, such as interest rates and trading volumes.
Who Are NDAQ's Key Customers?
- Broker-dealers and other market participants.
- Institutional investors, such as hedge funds and mutual funds.
- Corporations seeking to list their shares on Nasdaq.
- Exchanges and clearinghouses around the world.
- Regulatory agencies and law enforcement.
Net buyingInsider Activity
Over the past six months, Nasdaq, Inc. insiders filed 15 SEC Form 4 transactions — 3 sales and 12 purchases. On net that is roughly 95K shares acquired (about $4.5M) — insiders putting money in tends to read as conviction.
FY2026 estForward Outlook
Wall Street analysts project Nasdaq, Inc. revenue of about $5.77B for fiscal 2026, with EPS near $3.95. The estimate reflects 11 contributing analysts.
F-Score 9/9Financial Health
Nasdaq, Inc.'s Piotroski F-Score is 9/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 3.17 places it in the safe zone, indicating low near-term bankruptcy risk.
ROE 16%Key Financial Metrics
Return on equity for Nasdaq, Inc. stands at 15.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 7.0%, showing how much profit it generates from its asset base. NDAQ trades at a trailing price-to-earnings ratio of 25.71, above the Financial Services sector average of ~18x. Its free cash flow yield is 4.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 10.15 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 3.9%, the inverse of the P/E and a quick read on earnings relative to price.
Nasdaq, Inc. (NDAQ) Valuation Context
Valued at $47.88B, NDAQ is classified as a large-cap stock. Relative to its peer group, NDAQ's quantitative score of 69/100 is roughly in line with the peer average of 70/100.
Company Profile
Nasdaq, Inc. operates in the Financial - Data & Stock Exchanges industry within the Financial Services sector. It is headquartered in New York City, US. The company is led by CEO Adena T. Friedman. NDAQ has traded publicly since 2002.
NDAQ Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Nasdaq's future performance, indicating that executives believe in the company's growth trajectory.
- Community sentiment has shifted positively, with discussions around Nasdaq's innovative initiatives in tech and financial services gaining traction.
- Analysts are optimistic about Nasdaq's role in the growing demand for digital assets and cryptocurrencies, enhancing its market relevance.
- The company has been expanding its product offerings, positioning itself well to capture new market opportunities and diversify revenue streams.
Bear Case
- Concerns about regulatory scrutiny in the financial sector could impact Nasdaq's operations and investor confidence.
- Market sentiment has been mixed, with some traders expressing skepticism about the sustainability of Nasdaq's recent growth amidst economic uncertainties.
- Increased competition from other exchanges and trading platforms may pose challenges to Nasdaq's market share and profitability.
- Recent discussions in the community highlight worries about potential volatility in trading volumes, which could affect Nasdaq's revenue stability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
From the Earnings Call
“We are updating our non-GAAP expense guidance for the year to a range of $2.485 billion to $2.545 billion from $2.455 billion to $2.535 billion. given the strong revenue performance we have experienced year-to-date.”
— Sarah Youngwood
“Our overall annualized recurring revenue, or ARR, grew 12% year-over-year to $3.2 billion.”
— Adena Friedman
NDAQ Q1 FY2026 earnings call transcript · 2026-04-23
NDAQ Latest News
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Roger Altman Says ‘Nobody Understands How To Value’ SpaceX Or Anthropic, Evercore Chair Warns Investors To Brace For ‘Lot Of Volatility'
benzinga · Jun 30, 2026
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Nonstop Trading, Loads of Leverage. How ‘Perp Futures’ Are Shaking Up Wall Street.
The Wall Street Journal · Jun 23, 2026
NDAQ Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NDAQ.
Price Targets
Consensus target: $114.00
NDAQ MoonshotScore
What does this score mean?
The MoonshotScore rates NDAQ's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Roger Altman Says ‘Nobody Understands How To Value’ SpaceX Or Anthropic, Evercore Chair Warns Investors To Brace For ‘Lot Of Volatility'
Weekly Stock List
Wall Street Turf War: The Tickers To Watch In The 'Perps' Fight Between CME And Kalshi
Nonstop Trading, Loads of Leverage. How ‘Perp Futures’ Are Shaking Up Wall Street.
Latest Nasdaq, Inc. Analysis
Related Investment Themes
Leadership: Adena T. Friedman
President and Chief Executive Officer
Adena T. Friedman has served as President and CEO of Nasdaq since January 2017. Prior to this, she held various leadership positions at Nasdaq, including President and Chief Operating Officer. Friedman also served as Chief Financial Officer of The Carlyle Group. She began her career at Nasdaq in 1993 and has played a key role in the company's strategic evolution. Friedman holds an MBA from Vanderbilt University and a BA in political science from Williams College.
Track Record: Under Friedman's leadership, Nasdaq has expanded its technology offerings, particularly in anti-financial crime solutions and data analytics. She has overseen strategic acquisitions, such as the acquisition of Verafin, to strengthen Nasdaq's competitive position. Friedman has also focused on promoting diversity and inclusion within the company. Nasdaq's market capitalization has grown significantly during her tenure.
Common Questions About NDAQ (Financial Services)
What does Nasdaq, Inc. do?
Nasdaq, Inc. operates as a technology company that provides trading, clearing, exchange technology, information, and public company services. It operates exchanges for various asset classes, including equities, options, and fixed income. Nasdaq also offers market data, analytics, and index products to investors and traders. Additionally, the company provides technology solutions for exchanges and clearinghouses around the world, as well as anti-financial crime technology solutions. Nasdaq serves a diverse range of customers, including broker-dealers, institutional investors, corporations, and regulatory agencies.
What do analysts say about NDAQ stock?
Analysts generally view Nasdaq, Inc. favorably, citing its diversified revenue streams, strong market position, and growth potential in areas such as anti-financial crime technology and data analytics. Key valuation metrics, such as the P/E ratio and dividend yield, are closely monitored. Growth considerations include the company's ability to execute its strategic initiatives, manage regulatory risks, and maintain its competitive edge. Analyst consensus typically reflects expectations for continued revenue and earnings growth, driven by both organic expansion and strategic acquisitions. However, analyst opinions may vary based on macroeconomic factors and industry trends.
What are the main risks for NDAQ?
Nasdaq, Inc. faces several key risks, including economic downturns and market corrections that could reduce trading volumes and revenue. Increased competition from alternative trading systems and fintech companies poses a threat to Nasdaq's market share. Regulatory scrutiny and potential fines for non-compliance could impact profitability. Technological disruptions and cybersecurity threats could disrupt operations and damage the company's reputation. Geopolitical risks and trade tensions could also affect global capital markets and Nasdaq's international operations. Managing these risks effectively is crucial for Nasdaq's long-term success.
How sensitive is NDAQ to interest rate changes?
Nasdaq, Inc.'s sensitivity to interest rate changes is multifaceted. While not a traditional bank, changes in interest rates can influence market activity and trading volumes, indirectly affecting transaction-based revenues. Higher interest rates can lead to increased volatility and trading activity, potentially boosting Nasdaq's revenues from its Market Services segment. Conversely, rapidly rising rates could dampen investor sentiment and reduce IPO activity, impacting the Corporate Platforms segment. Furthermore, the cost of capital for Nasdaq's own investments and acquisitions is affected by interest rate movements, influencing its strategic decisions and profitability.
How is Nasdaq, Inc. adapting to fintech disruption?
Nasdaq, Inc. is proactively adapting to fintech disruption through strategic investments, acquisitions, and internal innovation. The company has expanded its technology offerings to include cloud-based solutions, data analytics, and anti-financial crime technology, positioning itself as a key player in the evolving financial landscape. Nasdaq's acquisition of Verafin demonstrates its commitment to leveraging fintech to enhance its market surveillance and regulatory compliance capabilities. Furthermore, Nasdaq is actively exploring opportunities in digital assets and blockchain technology, recognizing their potential to transform capital markets. By embracing fintech innovations, Nasdaq aims to maintain its competitive edge and drive future growth.
What are the key factors to evaluate for NDAQ?
Nasdaq, Inc. (NDAQ) holds an AI score of 69/100 (moderate). P/E: 25.7x vs the S&P 500's ~20-25x. Analysts target $114.00 (+35%). Not financial advice.
How frequently does NDAQ data refresh on this page?
NDAQ prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NDAQ's recent stock price performance?
Nasdaq, Inc. (NDAQ) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand recognition and reputation. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Financial metrics are as of the latest reporting period.