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Earnings transcript
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NDAQ
Nasdaq, Inc.
$86.86
-0.66
(-0.75%)
| Exchange: | NASDAQ |
| Market Cap: | 49.123B |
| Shares Outstanding: | 299.614M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Financial – Data & Stock Exchanges | |||||
| CEO: | Adena T. Friedman | |||||
| Full Time Employees: | 9377 | |||||
| Address: |
| |||||
| Website: | https://www.nasdaq.com |
Nasdaq, Inc., a technology powerhouse founded in 1971 and based in New York City, is dedicated to supporting capital markets and various other sectors worldwide. Its Market Technology division specializes in fighting financial crime, offering products like Nasdaq Trade Surveillance, a SaaS solution that assists brokers and market participants in meeting compliance requirements and internal surveillance policies. This segment also provides Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool, and Verafin, a SaaS provider for anti-financial crime management. Furthermore, this division handles a wide array of assets, including cash equities, equity derivatives, global currencies, interest-bearing securities, commodities, energy resources, and digital currencies. The Investment Intelligence segment is responsible for distributing both historical and live market data, creating and licensing Nasdaq-branded financial indexes and products, and delivering valuable investment insights and workflow solutions. Through its Corporate Platforms, Nasdaq manages operational listing venues and furnishes specialized intelligence for investor relations, alongside comprehensive governance services. The Market Services segment covers a broad spectrum of operations, including the trading and clearing of equity derivatives, cash equities, fixed income, and commodities, in addition to providing trade management services. This division operates numerous exchanges and marketplace facilities that accommodate diverse asset classes such as derivatives, commodities, cash equity, debt, structured products, and exchange-traded products, while also offering crucial broker, clearing, settlement, and central depository functionalities. As of December 31, 2021, The Nasdaq Stock Market proudly listed 4,178 companies, specifically 1,632 on The Nasdaq Global Select Market, 1,169 on The Nasdaq Global Market, and 1,377 on The Nasdaq Capital Market. The company adopted its current name, Nasdaq, Inc., in September 2015, having previously been known as The NASDAQ OMX Group, Inc.
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Revenue Segmentation
EPS
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Earnings Call
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 6,064,000 | 7,400,000 | 8,218,000 |
| Gross Profit | 2,546,000 | 2,989,000 | 3,939,000 |
| EBITDA | 1,996,000 | 2,460,000 | 3,127,000 |
| Operating Income | 1,578,000 | 1,798,000 | 2,331,000 |
| Net Income | 1,059,000 | 1,117,000 | 1,789,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 32,294,000 | 30,395,000 | 31,053,000 |
| Total Liabilities | 21,467,000 | 19,195,000 | 18,821,000 |
| Total Stockholders Equity | 10,816,000 | 11,191,000 | 12,227,000 |
| Total Debt | 10,871,000 | 9,868,000 | 9,928,000 |
| Cash and Cash Equivalents | 453,000 | 592,000 | 814,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,696,000 | 1,939,000 | 2,255,000 |
| Capital Expenditure | -158,000 | -207,000 | -266,000 |
| Free Cash Flow | 1,538,000 | 1,732,000 | 1,989,000 |
| Net Income | 1,057,000 | 1,115,000 | 1,787,000 |
| Net Change in Cash | 124,000 | -2,112,000 | -1,072,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 7,179,669.428 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 7,528,015.163 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 7,382,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,393,851.415 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,509,997.143 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,461,312.645 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 3,363,548.900 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 3,577,511.111 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 3,487,825.006 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 399,293.587 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 418,666.654 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 410,546.097 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 6.050 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.210 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 5.830 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 6 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates NDAQ intrinsic value between $44.01 – $69.61 per share. This depends on revenue growth, margins, and discount rate.
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Common questions about NDAQ valuation
Is Nasdaq, Inc. (NDAQ) overvalued or undervalued right now?
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What is NDAQ’s P/E ratio?
You can see NDAQ’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
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NDAQ
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Daily snapshot
-0.75
Trading Metrics:
| Open: | 87.34 | Previous Close: | 87.52 | |
| Day Low: | 86.64 | Day High: | 87.83 | |
| Year Low: | 77.09 | Year High: | 101.79 | |
| Price Avg 50: | 88.68 | Price Avg 200: | 89.96 | |
| Volume: | 348334 | Average Volume: | 3.255M |
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