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Nasdaq Inc Stock Research

NDAQ

53.07USD+0.58(+1.10%)Market Closed

Market Summary

USD53.07+0.58
Market Closed
1.10%

NDAQ Alerts

NDAQ Stock Price

NDAQ RSI Chart

NDAQ Valuation

Market Cap

26.1B

Price/Earnings (Trailing)

23.19

Price/Sales (Trailing)

4.19

EV/EBITDA

13.74

Price/Free Cashflow

16.79

NDAQ Price/Sales (Trailing)

NDAQ Profitability

EBT Margin

23.69%

Return on Equity

18.29%

Return on Assets

5.39%

Free Cashflow Yield

5.96%

NDAQ Fundamentals

NDAQ Revenue

Revenue (TTM)

6.2B

Revenue Y/Y

7.84%

Revenue Q/Q

1.61%

NDAQ Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-6.95%

Earnings Q/Q

-18.03%

Price Action

52 Week Range

51.10194.37
(Low)(High)

Last 7 days

-0.1%

Last 30 days

-7.1%

Last 90 days

-13.4%

Trailing 12 Months

-69.5%

NDAQ Financial Health

Current Ratio

0.97

NDAQ Investor Care

Dividend Yield

1.47%

Dividend/Share (TTM)

0.78

Buy Backs (1Y)

1.69%

Diluted EPS (TTM)

2.26

Peers (Alternatives to Nasdaq)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
65.8B
5.0B
-1.84% -24.68%
24.47
13.12
7.03% 2.07%
54.5B
9.6B
-6.52% -27.55%
37.69
5.66
5.10% -64.37%
26.1B
6.2B
-7.06% -69.49%
23.19
4.19
5.78% -5.22%
24.5B
6.5B
-2.30% -25.47%
12.06
3.54
-15.43% -49.47%
13.7B
4.0B
0.79% 14.20%
58.29
3.46
13.27% -55.58%
MID-CAP
7.8B
2.7B
-10.58% 16.00%
4.26
2.92
95.77% 12.59%
7.4B
2.0B
-8.39% -8.44%
15.46
3.69
3.79% -13.01%
6.2B
4.6B
-14.56% -20.26%
9.32
1.34
-3.98% -19.72%
2.0B
64.7B
-3.72% 25.59%
8.24
0.03
35.87% 74.73%
SMALL-CAP
1.9B
1.8B
18.31% 10.45%
38.4
1.04
16.43% -60.72%
1.8B
2.4B
-10.24% -52.58%
6.67
0.75
-15.89% -44.42%
1.1B
1.5B
0.39% 32.10%
14.3
0.71
-27.22% -74.14%
810.8M
10.3M
2.36% -10.12%
-15.26
78.78
-29.47% -152.67%
742.8M
301.3M
9.41% -21.41%
14.66
2.47
-0.98% 1.78%
420.2M
1.1B
-14.10% -10.79%
12.99
0.38
-20.31% -79.65%

Financials for Nasdaq

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.9%6,2266,1115,9115,7715,886
Gross Profit0.6%3,5823,5613,5093,4623,420
Operating Expenses0.8%2,0182,0021,9921,9811,979
  S&GA Expenses11.6%12511211694.0085.00
EBITDA-0.4%1,8621,8691,8631,924-
EBITDA Margin-2.2%0.30*0.31*0.32*0.33*-
Earnings Before Taxes0.5%1,4751,4671,4561,5131,534
EBT Margin-1.3%0.24*0.24*0.25*0.26*-
Interest Expenses2.4%129126127128125
Net Income-1.7%1,1251,1441,1381,1721,187
Net Income Margin-3.5%0.18*0.19*0.19*0.20*-
Free Cahsflow8.8%1,5541,4281,4371,138-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-9.0%20,86822,94122,59620,82320,115
  Current Assets-20.7%8,60410,85110,2188,1787,423
    Cash Equivalents66.8%502301454486393
  Net PPE2.7%532518514511509
  Goodwill1.9%8,0997,9468,1518,3388,433
Liabilities-13.8%14,70417,05716,74514,80113,710
  Current Liabilities-22.1%8,83511,33510,8718,8517,872
    LT Debt, Non Current3.5%4,7354,5734,6964,8004,812
Shareholder's Equity4.7%6,1515,8755,8426,0136,395
  Retained Earnings2.0%7,2077,0646,8696,6606,465
  Additional Paid-In Capital2.6%1,4451,4081,3851,5101,949
Shares Outstanding0.1%492491491493500
Minority Interest44.4%13.009.009.009.0010.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations6.9%1,7061,5961,5961,2941,083
  Share Based Compensation6.0%10610096.0096.0090.00
Cashflow From Investing133.6%49.00-146-372-343-2,653
Cashflow From Financing-82.5%1,0365,9054,7301,6221,418
  Dividend Payments2.1%383375367358350

Risks for NDAQ

What is the probability of a big loss on NDAQ?

40.4%


Probability that Nasdaq stock will be more than 20% underwater in next one year

35.8%


Probability that Nasdaq stock will be more than 30% underwater in next one year.

11.9%


Probability that Nasdaq stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NDAQ drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Nasdaq was unfortunately bought at previous high price.

Drawdowns

Returns for NDAQ

Cumulative Returns on NDAQ

6.7%


10-Year Cumulative Returns

-1.1%


7-Year Cumulative Returns

-6.8%


5-Year Cumulative Returns

-13.0%


3-Year Cumulative Returns

What are the long-term rolling returns for NDAQ?

FIve years rolling returns for Nasdaq.

Annualized Returns

Which funds bought or sold NDAQ recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 44

Latest Funds Activity

Are funds buying NDAQ calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own NDAQ
No. of Funds

Nasdaq News

Stockhouse

2023-03-26 | NDAQ:RVYL | Press Release | Ryvyl Inc..

Stockhouse,
5 hours ago

Schedule 13G FIlings of Nasdaq

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

NDAQ Fair Value

Nasdaq fair value in different scenarios

The table shows the Fair Value estimates for Nasdaq for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery 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%

Historical Nasdaq Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Nasdaq

View All Filings
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

Latest Insider Trading transactions for NDAQ

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Adena T. Friedman
5810
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions. This segment also handles assets, such as cash equities, equity derivatives, currencies, interest-bearing securities, commodities, energy products, and digital currencies. The Investment Intelligence segment sells and distributes historical and real-time market data; develops and licenses Nasdaq-branded indexes and financial products; and provides investment insights and workflow solutions. The Corporate Platforms segment operates listing platforms; and offers investor relations intelligence and governance solutions. As of December 31, 2021, it had 4,178 companies listed securities on The Nasdaq Stock Market, including 1,632 listings on The Nasdaq Global Select Market; 1,169 on The Nasdaq Global Market; and 1,377 on The Nasdaq Capital Market. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses. This segment operates various exchanges and other marketplace facilities across various asset classes, which include derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and provides broker, clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.

NDAQ Income Statement

2022-12-31
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 expenses3,5823,4202,903
Operating expenses:   
Compensation and benefits1,003938786
Professional and contract services140144137
Computer operations and data communications207186151
Occupancy104109107
General, administrative and other12585142
Marketing and advertising515739
Depreciation and amortization258278202
Regulatory336424
Merger and strategic initiatives828733
Restructuring charges153148
Total operating expenses2,0181,9791,669
Operating income1,5641,4411,234
Interest income714
Interest expense(129)(125)(101)
Net gain on divestiture of business0840
Other income2815
Net income from unconsolidated investees315270
Income before income taxes1,4751,5341,212
Income tax provision352347279
Net income1,1231,187933
Net loss attributable to noncontrolling interests200
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)2.262.351.86
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 revenues4,2254,0484,179
Transaction-based expenses:   
Revenues less transaction-based expenses1,5811,5821,457
Operating expenses:   
Depreciation and amortization596455
Operating income859893784
Operating segments | Capital Access Platforms   
Revenues:   
Total revenues1,6841,5681,287
Transaction-based expenses:   
Revenues less transaction-based expenses1,6841,5681,287
Operating expenses:   
Depreciation and amortization363430
Operating income916844651
Operating segments | Anti-Financial Crime   
Revenues:   
Total revenues306231116
Transaction-based expenses:   
Revenues less transaction-based expenses306231116
Operating expenses:   
Depreciation and amortization1086
Operating income804435
Reconciling items   
Revenues:   
Total revenues$ 11$ 39$ 43

NDAQ Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 502$ 393
Restricted cash and cash equivalents2229
Default funds and margin deposits assets7,0215,911
Financial investments181208
Receivables, net677588
Other current assets201294
Total current assets8,6047,423
Property and equipment, net532509
Goodwill8,0998,433
Intangible assets, net2,5812,813
Operating lease assets444366
Other non-current assets608571
Total assets20,86820,115
Current liabilities:  
Accounts payable and accrued expenses185185
Section 31 fees payable to SEC24362
Accrued personnel costs243252
Deferred revenue357329
Other current liabilities122115
Default funds and margin deposits7,0215,911
Short-term debt6641,018
Total current liabilities8,8357,872
Long-term debt4,7354,812
Deferred tax liabilities, net456406
Operating lease liabilities452386
Other non-current liabilities226234
Total liabilities14,70413,710
Commitments and contingencies
Nasdaq stockholders’ equity:  
Common stock, $0.01 par value, 900,000,000 shares authorized, shares issued: 513,157,630 at December 31, 2022 and 520,256,817 at December 31, 2021; shares outstanding: 491,592,491 at December 31, 2022 and 500,038,905 at December 31, 202155
Additional paid-in capital1,4451,949
Common stock in treasury, at cost: 21,565,139 shares at December 31, 2022 and 20,217,912 shares at December 31, 2021(515)(437)
Accumulated other comprehensive loss(1,991)(1,587)
Retained earnings7,2076,465
Total Nasdaq stockholders’ equity6,1516,395
Noncontrolling interests1310
Total equity6,1646,405
Total liabilities and equity$ 20,868$ 20,115