NASDAQ, INC. NDAQ
NASDAQ, INC. (NDAQ) earns a Piotroski F-score of 9/9 (strong financial health), with an Altman Z″ in the grey zone. It pays a dividend yielding 1.35% (safety: safe). FY2025 revenue was $8.3B at a 21.6% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.59 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-07-24 | Keefe, Bruyette & Woods | Market Perform (main) |
| 2026-07-24 | TD Cowen | Buy (main) |
| 2026-07-24 | Barclays | Overweight (main) |
| 2026-07-20 | TD Cowen | Buy (main) |
| 2026-07-10 | Morgan Stanley | Overweight (main) |
| 2026-07-09 | Raymond James | Outperform (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Forward estimates · earnings calendar →
Consensus analyst estimates and scheduled dates — forward-looking, may change.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Finance, Insurance & Real Estate · percentile among 1129 companies
Percentile vs other Finance, Insurance & Real Estate companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 9/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · grey zone
| Component | Value |
|---|---|
| Working capital / assets | 0.001 |
| Retained earnings / assets | 0.309 |
| EBIT / assets | 0.075 |
| Equity / liabilities | 0.65 |
Sector peers · similar-size Finance, Insurance & Real Estate companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| NDAQ | NASDAQ, INC. | 9/9 | 2.2 | 24.8 | +11.6% |
| CME | CME GROUP INC. | 4/9 | 0.59 | 19.7 | +6.4% |
| CBOE | Cboe Global Markets, Inc. | 8/9 | 5.05 | 22 | +15.1% |
| ICE | Intercontinental Exchange, Inc. | 7/9 | 1.09 | 21.1 | +7.5% |
| WTF | Waton Financial Ltd | 4/9 | -0.97 | — | — |
| GSIW | Garden Stage Ltd | 4/9 | — | — | — |
| EBON | Ebang International Holdings Inc. | 5/9 | — | — | — |
All Finance, Insurance & Real Estate companies →
About NASDAQ, INC.
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally. It operates through three segments: Capital Access Platforms, Financial Technology, and Market Services. The company distributes historical and real-time market data; develops and licenses Nasdaq-branded indices and financial products; provides investor relations intelligence, governance solutions, and sustainability solution products for public and private companies, and organizations, as well as insights and workflow solutions; and operates listing platforms. It also offers Verafin, a cloud-based platform to detect, investigate, and report money laundering and financial frauds; AxiomSL, a risk data management and regulatory reporting solution; cloud-enabled and on-premises surveillance solutions to assist in complying with market rules, regulations, and internal market surveillance policies; Calypso, a platform providing cross-asset, front-to-back trading, treasury, risk, and collateral management solutions; and trade management and colocation services, as well as handles assets comprising cash equities, equity derivatives, currencies, various interest-bearing securities, commodities, energy products, and digital currencies. In addition, the company provides equity derivative trading and clearing, cash equity trading and fixed income, currency and commodities trading, and fixed income trading and clearing services, as well as tape plan data services; operates various exchanges, including derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and offers 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.
FAQ
Is NDAQ financially healthy?
NASDAQ, INC.'s Piotroski F-score is 9/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.
Does NDAQ pay a dividend, and is it safe?
Yes. NASDAQ, INC. pays a dividend yielding about 1.35% with a 33.6% payout ratio, rated “safe” for safety.
How profitable is NDAQ?
In FY2025, NASDAQ, INC. had a net margin of 21.6% and a return on equity of 14.6%.
Is NDAQ overvalued or undervalued?
NASDAQ, INC. trades at about 31.0× trailing earnings — above its 10-year norm (10-year range 18.8×–112.0×, median 27.8×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for NDAQ?
The average Wall-Street price target for NASDAQ, INC. is $110.07, about 15.1% above the recent price, from 15 analysts (consensus: buy).
Is NDAQ a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on NASDAQ, INC.: a Piotroski F-score of 9/9, an Altman Z″ in the grey zone, a P/E of about 24.8×, a dividend yield of 1.35%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.