NDAQ
Nasdaq, Inc.Previous close
106.23
Change
+0.63 / +0.60%
P/E (TTM) ?
28.2
Market Cap
$58.9B
1M
+15.45%
S&P 500 −0.91% over same period
Volume / Avg Volume
4.9M / 3.9M
1.27× average
Latest earnings analysisFY2026 Q3Reported 2026-10-22
Nasdaq Q3 FY2026: net revenue up 13% to $1.48 billion, EPS $1.04
Nasdaq's September quarter was a clean beat on the top line and a rounding-error beat on the bottom line: net revenue rose 13.0% to $1.48 billion while non-GAAP EPS of $1.04 edged the $1.0366 consensus. Read the $2.39 billion total revenue line with care — $912 million of it is pass-through trading cost. Subscriptions, not trading, did the work. View: Bullish.
Read the full analysis →Revenue$2.39BYoY +82.00%
EPS (non-GAAP)$1.04Beatest. $1.04
Next-day move−0.72%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q3 Quarter ended 2026-09 | 2026-10-22 | $2.4B | Read analysis → |
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-23 | $2.5B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-23 | $2.1B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-29 | $8.3B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-21 | $2.0B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-24 | $2.1B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-24 | $2.1B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 26 of its 5-year rangeCheap
5-year range 25.1 – 48.6 · Median 33.1
Last 4 quarters: $1.5B in buybacks + $653M in dividends, 3.68% of market cap combined
P/E (TTM)
28.2
P/B
4.9
P/S
6.4
Dividend Yield
1.59%
Earnings Reaction
Over the last 7 reports, the stock moved ±1.8% on average on the first trading day after, rising 4 times
Most recent −0.72%
Volatility & Correlation
1-year beta 0.57 · Correlation with S&P 500 0.26Low beta
Annualized volatility 28% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 11 · $3.6MNet selling $3.6M
- 10-27Peterson Bradley JEVP, CIOSell$0.42M3,987 shares · Avg price 104.75
- 10-23Peterson Bradley JEVP, CIOSell$0.41M4,000 shares · Avg price 103.38
- 10-23Tal CohenPres. Market PlatformsSell$1.1M10,390 shares · Avg price 103.34
- 10-20SKULE JEREMYEVP, CSOSell$0.11M1,125 shares · Avg price 95.00
- 10-12SKULE JEREMYEVP, CSOSell$0.11M1,125 shares · Avg price 94.13
- 09-22SKULE JEREMYEVP, CSOSell$0.11M1,125 shares · Avg price 95.00
- 09-10SKULE JEREMYEVP, CSOSell$0.11M1,125 shares · Avg price 94.22
- 08-10Griggs PC NelsonPres. Capital Access PlatformsSell$0.31M3,226 shares · Avg price 96.16
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 2.39 | +20.9% | 61.9% | 0.54 | 0.96 |
| FY2026 Q2 | 2.53 | +20.5% | 59.2% | 0.51 | 0.89 |
| FY2026 Q1 | 2.14 | +2.0% | 65.8% | 0.52 | 0.91 |
| FY2025 Q4 | 2.09 | +2.7% | 66.7% | 0.52 | 0.90 |
| FY2025 Q3 | 1.98 | +4.0% | 66.4% | 0.42 | 0.73 |
| FY2025 Q2 | 2.10 | +17.2% | 62.2% | 0.45 | 0.78 |
| FY2025 Q1 | 2.10 | +25.2% | 59.0% | 0.40 | 0.68 |
| FY2024 Q4 | 2.03 | +23.4% | 60.4% | 0.36 | 0.62 |
| FY2024 Q3 | 1.90 | +31.1% | 60.3% | 0.31 | 0.53 |
| FY2024 Q2 | 1.79 | +25.1% | 64.7% | 0.22 | 0.38 |
| FY2024 Q1 | 1.67 | +9.2% | 66.7% | 0.23 | 0.40 |
| FY2023 Q4 | 1.65 | +4.1% | 67.8% | 0.20 | 0.33 |