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Nasdaq (NDAQ) Stock Analysis

This is a peer-relative look at Nasdaq (NDAQ): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Financial Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Nasdaq (NDAQ)
Profile ItemNDAQ
NameNasdaq, Inc. Common Stock
Country/RegionUnited States
GICS SectorFinancials
GICS Industry GroupFinancial Services
GICS IndustryCapital Markets
GICS Sub-IndustryFinancial Exchanges & Data
Market Capitalization59.88 billion USD
CurrencyUSD
ExchangeNasdaq
Listing DateJuly 1, 2002
Security TypeCommon Stock

Price Performance

Cumulative Growth

NDAQ
GSPC
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Nasdaq (NDAQ) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Nasdaq (NDAQ) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Nasdaq (NDAQ) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Nasdaq (NDAQ) metric values compared with Financial Services industry-group medians
MetricCurrent stock: NDAQIndustry group median
Total Return (1Y)26.55%1.90%
Total Return (3Y, Annualized)30.18%12.71%
Total Return (5Y, Annualized)10.68%2.81%

Risk Profile

Drawdown History

NDAQ
GSPC
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Nasdaq (NDAQ) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Nasdaq (NDAQ) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Nasdaq (NDAQ) metric values compared with Financial Services industry-group medians
MetricCurrent stock: NDAQIndustry group median
Volatility (1Y, Annualized)28.74%36.24%
Beta (5Y)0.941.04
Max Drawdown (5Y)-32.57%-48.56%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. NDAQ is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Nasdaq (NDAQ) metric values compared with Financial Services industry-group medians
MetricCurrent stock: NDAQIndustry group median
Sharpe Ratio (1Y)0.77-0.09
Sortino Ratio (1Y)1.09-0.13

Profitability

ROE (TTM)

Nasdaq (NDAQ) posts ROE of 17.33%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

NDAQ

Financial Services industry group

17.33%

Group distribution
Max
44.78%
Q3
21.85%
NDAQ
17.33%
Median
12.91%
Q1
4.48%
Min
-18.71%
Largest peers
MA
231.37%
V
63.51%
MS
18.04%
GS
17.71%
NDAQ
17.33%
BRK.A
12.12%
BRK.B
12.12%
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Where Nasdaq (NDAQ) stands on ROE within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Nasdaq (NDAQ) keeps 36.06% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

NDAQ

Financial Services industry group

36.06%

Group distribution
Max
62.84%
NDAQ
36.06%
Q3
28.05%
Median
15.36%
Q1
4.82%
Min
-28.52%
Largest peers
V
51.20%
MA
46.73%
NDAQ
36.06%
GS
31.21%
MS
25.63%
BRK.A
22.30%
BRK.B
22.30%
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Where Nasdaq (NDAQ) stands on net margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Nasdaq (NDAQ) turns 50.57% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

NDAQ

Financial Services industry group

50.57%

Group distribution
Max
107.33%
Q3
55.90%
NDAQ
50.57%
Median
30.09%
Q1
14.60%
Min
-44.34%
Largest peers
V
63.73%
MA
60.53%
NDAQ
50.57%
MS
39.00%
GS
38.37%
BRK.A
32.56%
BRK.B
32.56%
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Where Nasdaq (NDAQ) stands on operating margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Nasdaq (NDAQ) metric values compared with Financial Services industry-group medians
MetricCurrent stock: NDAQIndustry group median
ROE (TTM)17.33%12.91%
ROA (TTM)6.10%3.60%
Net Margin (TTM)36.06%15.36%
Operating Margin (TTM)50.57%30.09%
Gross Margin (TTM)----

Growth

Revenue Growth

Nasdaq (NDAQ) grew revenue 11.65%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

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Nasdaq (NDAQ): Revenue Growth across different time periods, set against Financial Services industry-group medians.

EPS Growth

Nasdaq (NDAQ) grew earnings per share 60.10%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

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Nasdaq (NDAQ): EPS Growth across different time periods, set against Financial Services industry-group medians.

Growth Metrics

Nasdaq (NDAQ) metric values compared with Financial Services industry-group medians
MetricCurrent stock: NDAQIndustry group median
Revenue Growth (YoY)11.65%9.46%
Revenue Growth (3Y CAGR)9.89%10.90%
EPS Growth (YoY)60.10%7.46%
EPS Growth (3Y CAGR)10.99%13.04%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Nasdaq (NDAQ) in Financial Services: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Nasdaq (NDAQ) in Financial Services: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Nasdaq (NDAQ) metric values compared with Financial Services industry-group medians
MetricCurrent stock: NDAQIndustry group median
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Nasdaq (NDAQ) has dividend yield of 1.09%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

NDAQ

Financial Services industry group

1.09%

Group distribution
Max
9.77%
Q3
3.92%
Median
1.09%
NDAQ
1.09%
Q1
0.00%
Min
0.00%
Largest peers
MS
2.40%
GS
2.07%
NDAQ
1.09%
V
0.66%
MA
0.53%
BRK.A
0.00%
BRK.B
0.00%
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Where Nasdaq (NDAQ) stands on dividend yield within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Nasdaq (NDAQ) has payout ratio of 31.69%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

NDAQ

Financial Services industry group

31.69%

Group distribution
Max
241.07%
Q3
97.36%
NDAQ
31.69%
Median
25.77%
Q1
0.00%
Min
0.00%
Largest peers
MS
32.91%
NDAQ
31.69%
GS
25.88%
V
21.75%
MA
17.63%
BRK.A
0.00%
BRK.B
0.00%
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Where Nasdaq (NDAQ) stands on payout ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Nasdaq (NDAQ) metric values compared with Financial Services industry-group medians
MetricCurrent stock: NDAQIndustry group median
Dividend Yield (TTM)1.09%1.09%
Dividend Payout Ratio (TTM)31.69%25.77%

Valuation

P/E Ratio (TTM)

Nasdaq (NDAQ) trades at P/E ratio of 29.27, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

NDAQ

Financial Services industry group

29.27

Group distribution
Max
45.85
NDAQ
29.27
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
Largest peers
V
34.31
MA
34.15
NDAQ
29.27
MS
14.39
BRK.A
14.36
BRK.B
14.36
GS
12.45
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Where Nasdaq (NDAQ) stands on P/E ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Nasdaq (NDAQ) trades at 10.36 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

NDAQ

Financial Services industry group

10.36

Group distribution
NDAQ
10.36
Max
9.23
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55
Largest peers
V
17.18
MA
15.67
NDAQ
10.36
MS
3.55
GS
3.52
BRK.A
3.18
BRK.B
3.18
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Where Nasdaq (NDAQ) stands on P/S ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Nasdaq (NDAQ) trades at 4.99 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

NDAQ

Financial Services industry group

4.99

Group distribution
Max
7.79
NDAQ
4.99
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
Largest peers
MA
84.30
V
22.05
NDAQ
4.99
MS
2.65
GS
2.36
BRK.A
1.72
BRK.B
0.00
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Where Nasdaq (NDAQ) stands on P/B ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Nasdaq (NDAQ) metric values compared with Financial Services industry-group medians
MetricCurrent stock: NDAQIndustry group median
P/E Ratio (TTM)29.2715.37
P/S Ratio (TTM)10.362.72
P/B Ratio (MRQ)4.991.57
Free Cash Flow Yield (TTM)----