profit from every $100 of sales.
$0$100
Nasdaq
$106.23+0.60% today
+24.0% in 1 year
1-year low $76.851-year high $106.23
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $33.21 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Nasdaq sold, what it kept, and what it did with the cash.
Sales went from $6.23 billion in 2022 to $8.26 billion in 2025, with $1.79 billion of profit last year.
SalesProfit
Nasdaq handed back 61% of the cash it generated last year.
Buybacks $616M$601M
Free cash flow 2025$2.0B
Bought back its own shares$616M
Paid as dividends$601M
Cash vs. debt$604M vs. $9.5B
Nasdaq vs. similar companies
Nasdaq grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Nasdaq | 33.2× · Expensive | ||
 CME Group | 26.6× · Fair price | ||
 Intercontinental Exchange | 28.5× · Fair price | ||
 Moody's | 34.6× · Expensive | ||
 MSCI | 37.7× · Expensive |
AI analysis
An AI analyst reads Nasdaq's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 6,226 | 6,064 | 7,400 | 8,262 | |
| 2,339 | 2,546 | 2,989 | 3,489 | |
| 1,661 | 1,806 | 1,949 | 2,433 | |
| 1,853 | 1,996 | 2,460 | 3,131 | |
| 1,125 | 1,059 | 1,117 | 1,788 | |
| 2.26 | 2.08 | 1.93 | 3.09 | |
| 37.6% | 42.0% | 40.4% | 42.2% | |
| 26.7% | 29.8% | 26.3% | 29.4% | |
| 18.1% | 17.5% | 15.1% | 21.6% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 20,868 | 32,294 | 30,395 | 31,053 |
| Cash | 502 | 453 | 592 | 604 |
| Total debt | 5,851 | 10,871 | 9,868 | 9,466 |
| Total liabilities | 14,704 | 21,467 | 19,195 | 18,821 |
| 6,151 | 10,816 | 11,191 | 12,227 | |
| 498 | 508 | 579 | 579 | |
| 10.5% | 6.1% | 6.9% | 9.1% | |
| 18.3% | 9.8% | 10.0% | 14.6% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,706 | 1,696 | 1,939 | 2,255 | |
| 152 | 158 | 207 | 266 | |
| 1,554 | 1,538 | 1,732 | 1,989 | |
| Dividends paid | 383 | 441 | 541 | 601 |
| 633 | 269 | 145 | 616 | |
| 106 | 122 | 141 | 165 |
Valuation
- 33.2×
- 27.0×
- 3.02
- 4.3×
- 7.2×
- 29.9×
- 21.8×
- 3.3%
- 3.0%
- 1.2%
Profitability
- 42.2%
- 29.4%
- 21.6%
- 37.7%
- 7.3%
- 7.4%
- 15.9%
- 7.0%
- 9.1%
- –
Growth
- +9.9%
- +11.0%
- +14.8%
- +10.2%
- +3.5%
Financial health
- 2.9×
- 0.78
- 34.6%
- 13.9×
- 10.15
- 10.15
- 0.30
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 37%of 684
Top 37%of 578
Bottom 11%of 927
Top 45%of 925
Bottom 38%of 924
What analysts expect
- Average price target
- $114.60
- Range
- $109.00 – $120.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 23, 2026 | 0.96 | 0.93 | +3.2% |
| Jan 29, 2026 | 0.96 | 0.92 | +4.1% |
| Oct 21, 2025 | 0.88 | 0.85 | +3.3% |
| Jul 24, 2025 | 0.85 | 0.81 | +4.4% |
| Apr 24, 2025 | 0.79 | 0.77 | +2.5% |
| Jan 29, 2025 | 0.76 | 0.74 | +2.7% |
| Oct 24, 2024 | 0.74 | 0.69 | +6.6% |
| Jul 25, 2024 | 0.69 | 0.64 | +7.5% |
1.2%of the share price, paid each year
On $1,000 invested$12a year at today's yield, before tax
+10.2%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.30 in 2015 → $1.05 in 2025
How safe it looks
33.6% of its profit
Room to growStretchedMore than it earns: 30.2%
News
The Nasdaq Just Flashed a Signal Investors Can't Afford to Ignore. History Says the Stock Market Will Do This Next.Yahoo Finance · Nov 1, 2026S&P 500, Nasdaq End Third Straight Week Lower As Investors Move Away From Tech, AI — AMZN, INTC, LLY, RBLX In FocusYahoo Finance · Oct 31, 2026Has the tech bubble burst? Why the Nasdaq’s rough ride looks eerily like 2000.MarketWatch · Oct 30, 2026Origin Agritech gets Nasdaq notice over $1 minimum bid price ruleSeeking Alpha · Oct 30, 2026Nasdaq tanks 5% in October as tech bloodbath deepensSeeking Alpha · Oct 30, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass. Context about the kind of company it is, not a recommendation.
Warren Buffett
64Pass
Benjamin Graham
80Pass
Philip Fisher
60Pass
Peter Lynch
65Pass
Joel Greenblatt
42No pass
Charlie Munger
62Pass
Terry Smith
57No pass
Prices: daily closes to Oct 30, 2026. Fundamentals: company reports via invest-like data. invest-like is an educational tool and not investment advice.