Last 7 days
-0.1%
Last 30 days
-7.1%
Last 90 days
-13.4%
Trailing 12 Months
-69.5%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
CME | 65.8B | 5.0B | -1.84% | -24.68% | 24.47 | 13.12 | 7.03% | 2.07% |
ICE | 54.5B | 9.6B | -6.52% | -27.55% | 37.69 | 5.66 | 5.10% | -64.37% |
NDAQ | 26.1B | 6.2B | -7.06% | -69.49% | 23.19 | 4.19 | 5.78% | -5.22% |
TROW | 24.5B | 6.5B | -2.30% | -25.47% | 12.06 | 3.54 | -15.43% | -49.47% |
CBOE | 13.7B | 4.0B | 0.79% | 14.20% | 58.29 | 3.46 | 13.27% | -55.58% |
MID-CAP | ||||||||
IBKR | 7.8B | 2.7B | -10.58% | 16.00% | 4.26 | 2.92 | 95.77% | 12.59% |
SEIC | 7.4B | 2.0B | -8.39% | -8.44% | 15.46 | 3.69 | 3.79% | -13.01% |
SF | 6.2B | 4.6B | -14.56% | -20.26% | 9.32 | 1.34 | -3.98% | -19.72% |
SNEX | 2.0B | 64.7B | -3.72% | 25.59% | 8.24 | 0.03 | 35.87% | 74.73% |
SMALL-CAP | ||||||||
BGCP | 1.9B | 1.8B | 18.31% | 10.45% | 38.4 | 1.04 | 16.43% | -60.72% |
VIRT | 1.8B | 2.4B | -10.24% | -52.58% | 6.67 | 0.75 | -15.89% | -44.42% |
COWN | 1.1B | 1.5B | 0.39% | 32.10% | 14.3 | 0.71 | -27.22% | -74.14% |
AC | 810.8M | 10.3M | 2.36% | -10.12% | -15.26 | 78.78 | -29.47% | -152.67% |
WETF | 742.8M | 301.3M | 9.41% | -21.41% | 14.66 | 2.47 | -0.98% | 1.78% |
OPY | 420.2M | 1.1B | -14.10% | -10.79% | 12.99 | 0.38 | -20.31% | -79.65% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 1.9% | 6,226 | 6,111 | 5,911 | 5,771 | 5,886 |
Gross Profit | 0.6% | 3,582 | 3,561 | 3,509 | 3,462 | 3,420 |
Operating Expenses | 0.8% | 2,018 | 2,002 | 1,992 | 1,981 | 1,979 |
S&GA Expenses | 11.6% | 125 | 112 | 116 | 94.00 | 85.00 |
EBITDA | -0.4% | 1,862 | 1,869 | 1,863 | 1,924 | - |
EBITDA Margin | -2.2% | 0.30* | 0.31* | 0.32* | 0.33* | - |
Earnings Before Taxes | 0.5% | 1,475 | 1,467 | 1,456 | 1,513 | 1,534 |
EBT Margin | -1.3% | 0.24* | 0.24* | 0.25* | 0.26* | - |
Interest Expenses | 2.4% | 129 | 126 | 127 | 128 | 125 |
Net Income | -1.7% | 1,125 | 1,144 | 1,138 | 1,172 | 1,187 |
Net Income Margin | -3.5% | 0.18* | 0.19* | 0.19* | 0.20* | - |
Free Cahsflow | 8.8% | 1,554 | 1,428 | 1,437 | 1,138 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | -9.0% | 20,868 | 22,941 | 22,596 | 20,823 | 20,115 |
Current Assets | -20.7% | 8,604 | 10,851 | 10,218 | 8,178 | 7,423 |
Cash Equivalents | 66.8% | 502 | 301 | 454 | 486 | 393 |
Net PPE | 2.7% | 532 | 518 | 514 | 511 | 509 |
Goodwill | 1.9% | 8,099 | 7,946 | 8,151 | 8,338 | 8,433 |
Liabilities | -13.8% | 14,704 | 17,057 | 16,745 | 14,801 | 13,710 |
Current Liabilities | -22.1% | 8,835 | 11,335 | 10,871 | 8,851 | 7,872 |
LT Debt, Non Current | 3.5% | 4,735 | 4,573 | 4,696 | 4,800 | 4,812 |
Shareholder's Equity | 4.7% | 6,151 | 5,875 | 5,842 | 6,013 | 6,395 |
Retained Earnings | 2.0% | 7,207 | 7,064 | 6,869 | 6,660 | 6,465 |
Additional Paid-In Capital | 2.6% | 1,445 | 1,408 | 1,385 | 1,510 | 1,949 |
Shares Outstanding | 0.1% | 492 | 491 | 491 | 493 | 500 |
Minority Interest | 44.4% | 13.00 | 9.00 | 9.00 | 9.00 | 10.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 6.9% | 1,706 | 1,596 | 1,596 | 1,294 | 1,083 |
Share Based Compensation | 6.0% | 106 | 100 | 96.00 | 96.00 | 90.00 |
Cashflow From Investing | 133.6% | 49.00 | -146 | -372 | -343 | -2,653 |
Cashflow From Financing | -82.5% | 1,036 | 5,905 | 4,730 | 1,622 | 1,418 |
Dividend Payments | 2.1% | 383 | 375 | 367 | 358 | 350 |
40.4%
35.8%
11.9%
Y-axis is the maximum loss one would have experienced if Nasdaq was unfortunately bought at previous high price.
6.7%
-1.1%
-6.8%
-13.0%
FIve years rolling returns for Nasdaq.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 19.92 | 2,701,210 | 11,765,200 | 0.01% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 18.53 | 88,000 | 393,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 16.72 | 24,143,000 | 115,829,000 | 0.16% |
2023-02-27 | Parallax Volatility Advisers, L.P. | added | 58.23 | 1,279,310 | 3,074,310 | -% |
2023-02-24 | NATIXIS | added | 32.35 | 535,125 | 1,777,120 | 0.01% |
2023-02-24 | SRS Capital Advisors, Inc. | sold off | -100 | -2,000 | - | -% |
2023-02-24 | National Pension Service | reduced | -2.51 | 1,306,180 | 28,949,600 | 0.06% |
2023-02-22 | CVA Family Office, LLC | added | 29.17 | 2,509 | 9,509 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 148,000 | 1,947,000 | 0.02% |
2023-02-21 | Empirical Finance, LLC | added | 8.87 | 85,641 | 562,641 | 0.06% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 13, 2023 | capital world investors | 3.3% | 16,206,884 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 8.69% | 42,696,652 | SC 13G/A | |
Feb 08, 2023 | massachusetts financial services co /ma/ | 6.9% | 34,141,493 | SC 13G/A | |
Feb 03, 2023 | blackrock inc. | 5.4% | 26,673,504 | SC 13G | |
Dec 16, 2022 | investor ab | 11.8% | 58,182,426 | SC 13D/A | |
Aug 26, 2022 | investor ab | 11.8% | 58,182,426 | SC 13D/A | |
Jun 09, 2022 | blackrock inc. | 4.97% | 8,189,122 | SC 13G | |
Feb 11, 2022 | capital world investors | 5.5% | 9,272,130 | SC 13G/A | |
Feb 04, 2022 | blackrock inc. | 5.1% | 8,546,784 | SC 13G | |
Feb 02, 2022 | massachusetts financial services co /ma/ | 6.7% | 11,150,926 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 35.33 -33.43% | 43.14 -18.71% | 57.19 7.76% | 74.18 39.78% | 95.06 79.12% |
Current Inflation | 32.37 -39.01% | 38.95 -26.61% | 50.62 -4.62% | 64.73 21.97% | 82.12 54.74% |
Very High Inflation | 28.74 -45.85% | 33.91 -36.10% | 42.91 -19.14% | 53.84 1.45% | 67.34 26.89% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 16, 2023 | 4 | Insider Trading | |
Mar 02, 2023 | 4 | Insider Trading | |
Feb 27, 2023 | 4 | Insider Trading | |
Feb 27, 2023 | 4 | Insider Trading | |
Feb 24, 2023 | 4 | Insider Trading | |
Feb 24, 2023 | 4 | Insider Trading | |
Feb 24, 2023 | 4 | Insider Trading | |
Feb 24, 2023 | 4 | Insider Trading | |
Feb 24, 2023 | 4 | Insider Trading | |
Feb 24, 2023 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-14 | Smith Bryan Everard | sold | -262,550 | 52.51 | -5,000 | executive vice president |
2023-02-28 | Smith Bryan Everard | sold | -168,510 | 56.17 | -3,000 | executive vice president |
2023-02-23 | FRIEDMAN ADENA T | sold (taxes) | -13,423,900 | 57.2 | -234,683 | chair and ceo |
2023-02-23 | FRIEDMAN ADENA T | acquired | - | - | 468,186 | chair and ceo |
2023-02-23 | Smith Bryan Everard | sold | -342,360 | 57.06 | -6,000 | executive vice president |
2023-02-22 | DENNISON ANN M | sold (taxes) | -928,732 | 57.1 | -16,265 | executive vice president |
2023-02-22 | Peterson Bradley J | sold (taxes) | -2,387,690 | 57.1 | -41,816 | executive vice president |
2023-02-22 | Tal Cohen | acquired | - | - | 52,020 | - |
2023-02-22 | Peterson Bradley J | acquired | - | - | 93,636 | executive vice president |
2023-02-22 | Griggs PC Nelson | sold (taxes) | -2,426,180 | 57.1 | -42,490 | executive vice president |
Consolidated Statements of Income - USD ($) $ in Millions | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues: | |||
Total revenues | $ 6,226 | $ 5,886 | $ 5,625 |
Transaction-based expenses: | |||
Revenues less transaction-based expenses | 3,582 | 3,420 | 2,903 |
Operating expenses: | |||
Compensation and benefits | 1,003 | 938 | 786 |
Professional and contract services | 140 | 144 | 137 |
Computer operations and data communications | 207 | 186 | 151 |
Occupancy | 104 | 109 | 107 |
General, administrative and other | 125 | 85 | 142 |
Marketing and advertising | 51 | 57 | 39 |
Depreciation and amortization | 258 | 278 | 202 |
Regulatory | 33 | 64 | 24 |
Merger and strategic initiatives | 82 | 87 | 33 |
Restructuring charges | 15 | 31 | 48 |
Total operating expenses | 2,018 | 1,979 | 1,669 |
Operating income | 1,564 | 1,441 | 1,234 |
Interest income | 7 | 1 | 4 |
Interest expense | (129) | (125) | (101) |
Net gain on divestiture of business | 0 | 84 | 0 |
Other income | 2 | 81 | 5 |
Net income from unconsolidated investees | 31 | 52 | 70 |
Income before income taxes | 1,475 | 1,534 | 1,212 |
Income tax provision | 352 | 347 | 279 |
Net income | 1,123 | 1,187 | 933 |
Net loss attributable to noncontrolling interests | 2 | 0 | 0 |
Net income attributable to Nasdaq | $ 1,125 | $ 1,187 | $ 933 |
Per share information: | |||
Basic earnings per share (in dollars per share) | $ 2.28 | $ 2.38 | $ 1.89 |
Diluted earnings per share (in dollars per share) | 2.26 | 2.35 | 1.86 |
Cash dividends declared per common share (in dollars per share) | $ 0.78 | $ 0.70 | $ 0.65 |
Transaction rebates | |||
Transaction-based expenses: | |||
Transaction-based expenses | $ (2,092) | $ (2,168) | $ (2,028) |
Brokerage, clearance and exchange fees | |||
Transaction-based expenses: | |||
Transaction-based expenses | (552) | (298) | (694) |
Operating segments | Market Platforms | |||
Revenues: | |||
Total revenues | 4,225 | 4,048 | 4,179 |
Transaction-based expenses: | |||
Revenues less transaction-based expenses | 1,581 | 1,582 | 1,457 |
Operating expenses: | |||
Depreciation and amortization | 59 | 64 | 55 |
Operating income | 859 | 893 | 784 |
Operating segments | Capital Access Platforms | |||
Revenues: | |||
Total revenues | 1,684 | 1,568 | 1,287 |
Transaction-based expenses: | |||
Revenues less transaction-based expenses | 1,684 | 1,568 | 1,287 |
Operating expenses: | |||
Depreciation and amortization | 36 | 34 | 30 |
Operating income | 916 | 844 | 651 |
Operating segments | Anti-Financial Crime | |||
Revenues: | |||
Total revenues | 306 | 231 | 116 |
Transaction-based expenses: | |||
Revenues less transaction-based expenses | 306 | 231 | 116 |
Operating expenses: | |||
Depreciation and amortization | 10 | 8 | 6 |
Operating income | 80 | 44 | 35 |
Reconciling items | |||
Revenues: | |||
Total revenues | $ 11 | $ 39 | $ 43 |
Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 502 | $ 393 |
Restricted cash and cash equivalents | 22 | 29 |
Default funds and margin deposits assets | 7,021 | 5,911 |
Financial investments | 181 | 208 |
Receivables, net | 677 | 588 |
Other current assets | 201 | 294 |
Total current assets | 8,604 | 7,423 |
Property and equipment, net | 532 | 509 |
Goodwill | 8,099 | 8,433 |
Intangible assets, net | 2,581 | 2,813 |
Operating lease assets | 444 | 366 |
Other non-current assets | 608 | 571 |
Total assets | 20,868 | 20,115 |
Current liabilities: | ||
Accounts payable and accrued expenses | 185 | 185 |
Section 31 fees payable to SEC | 243 | 62 |
Accrued personnel costs | 243 | 252 |
Deferred revenue | 357 | 329 |
Other current liabilities | 122 | 115 |
Default funds and margin deposits | 7,021 | 5,911 |
Short-term debt | 664 | 1,018 |
Total current liabilities | 8,835 | 7,872 |
Long-term debt | 4,735 | 4,812 |
Deferred tax liabilities, net | 456 | 406 |
Operating lease liabilities | 452 | 386 |
Other non-current liabilities | 226 | 234 |
Total liabilities | 14,704 | 13,710 |
Commitments and contingencies | ||
Nasdaq stockholders’ equity: | ||
Common stock, $0.01 par value, 900,000,000 shares authorized, shares issued: 513,157,630 at December 31, 2022 and 520,256,817 at December 31, 2021; shares outstanding: 491,592,491 at December 31, 2022 and 500,038,905 at December 31, 2021 | 5 | 5 |
Additional paid-in capital | 1,445 | 1,949 |
Common stock in treasury, at cost: 21,565,139 shares at December 31, 2022 and 20,217,912 shares at December 31, 2021 | (515) | (437) |
Accumulated other comprehensive loss | (1,991) | (1,587) |
Retained earnings | 7,207 | 6,465 |
Total Nasdaq stockholders’ equity | 6,151 | 6,395 |
Noncontrolling interests | 13 | 10 |
Total equity | 6,164 | 6,405 |
Total liabilities and equity | $ 20,868 | $ 20,115 |