Nasdaq, Inc. (NDAQ)
Financials · Financial Exchanges and Market Infrastructure
A global technology and exchange operator that powers market infrastructure, financial crime compliance, and capital markets innovation across three continents.
What Nasdaq, Inc. does
Nasdaq operates the world's leading technology platform powering global financial markets and economies. The company operates through three business segments: Capital Access Platforms (data, listing services, indices, and workflow solutions for corporate issuers and investors), Financial Technology (compliance, financial crime management, and workflow solutions acquired through Verafin and Adenza/AxiomSL/Calypso), and Market Services (exchange operations across North America, Europe, and Nordic regions). Nasdaq generates revenue from exchange transactions, market data distribution, listing fees, and regulatory technology services.
Themes: ["Financial market infrastructure","Exchange operations","Regulatory compliance technology","Financial crime detection and AML","Market data and analytics","Capital markets innovation","Risk management","Post-trade settlement"]
Fundamentals
- Price$87.52 as of 2026-07-09 close
- Market cap$49.3B as of 2026-07-10
- 1-year return-2.6% as of 2026-07-09 close
- P/E25.80 as of 2026-07-10
- Net margin+23.0% as of 2026-07-10
- Gross margin+65.2% as of 2026-07-10
- ROE+15.9% as of 2026-07-10
- Debt / equity0.74 as of 2026-07-10
- Revenue growth (YoY)+6.3% as of 2026-07-10
- Revenue CAGR (3y)+9.9% SEC XBRL
- Beta1.00 as of 2026-07-10
Dividend: yield +1.5%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Concentration of revenue from a limited number of large exchange operators and clients in capital markets; changes in trading volumes or client concentration could materially impact earnings","Regulatory and competitive pressures from decentralized exchanges, alternative trading venues, and global regulatory changes could reduce market share and pricing power","Integration risks and execution challenges from major acquisitions (Adenza, Verafin) and dependency on technology system stability across distributed global operations"]
Competitors & peers
- Intercontinental Exchange (ICE)
- CME Group (CME)
- London Stock Exchange Group (LSEG)
- Euronext (ENX)
- OMX (part of Nasdaq Nordic operations)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.