Stocktoria

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.

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82/100
Stocktoria Quality Score · grade A
9/9
Piotroski F — financial health
2.2
Altman Z″ — distress risk · grey
1.2%
Dividend yield 5y avg · safe · Dividend payout 33.6%
-2.59
Beneish M-score — earnings quality · low

Quality score trend · recomputed for each fiscal year

Piotroski F /9
6 5 6 8 6 5 7 5 6 9 2016201720182019202020212022202320242025
Altman Z″
2.15 2.04 1.86 2.41 3.07 1.87 2.00 1.66 1.89 2.20 2016201720182019202020212022202320242025

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.

$95.66 as of 2026-08-01 · +1% 1y
$78.82$97.1352-wk

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.

Market cap USD$44.4B
P / E24.8×
Dividend yield 5y avg1.2%
Net margin 5y avg18.5%
Return on equity 5y avg14.2%
Beta0.97
Employees9,630

Analyst price target

$110.07 +15.1% vs last
consensus: buy · 15 analysts
target range $84.00 – $135.00 · median $110.00
6 strong buy · 8 buy · 2 hold · 1 strong sell
Recent analyst actions
DateFirmRating
2026-07-24Keefe, Bruyette & WoodsMarket Perform (main)
2026-07-24TD CowenBuy (main)
2026-07-24BarclaysOverweight (main)
2026-07-20TD CowenBuy (main)
2026-07-10Morgan StanleyOverweight (main)
2026-07-09Raymond JamesOutperform (main)

Wall Street analyst consensus — a sentiment gauge, not our scoring.

Forward estimates · earnings calendar →

Forward EPS est.$4.67
Forward P / E20.5×
Next ex-dividend2026-09-11

Consensus analyst estimates and scheduled dates — forward-looking, may change.

Smart money · insiders, last 12 months

Insiders net bought +$4.6M on the open market · 2 trades

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.

Revenue trend · last 10y · up

How it ranks in Finance, Insurance & Real Estate · percentile among 1129 companies

Piotroski Fstronger than 100%
Net marginstronger than 67%
Return on equitystronger than 83%
Revenue growthstronger than 67%

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

Altman Z″ components · grey zone

ComponentValue
Working capital / assets0.001
Retained earnings / assets0.309
EBIT / assets0.075
Equity / liabilities0.65

Sector peers · similar-size Finance, Insurance & Real Estate companies compare side by side →

TickerCompanyPiotroski FAltman Z″P / ERevenue growth
NDAQNASDAQ, INC.9/92.224.8+11.6%
CMECME GROUP INC.4/90.5919.7+6.4%
CBOECboe Global Markets, Inc.8/95.0522+15.1%
ICEIntercontinental Exchange, Inc.7/91.0921.1+7.5%
WTFWaton Financial Ltd4/9-0.97
GSIWGarden Stage Ltd4/9
EBONEbang 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.