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Added to YB: 2025-10-24

Pitch date: 2025-10-22

NDAQ [neutral]

Nasdaq, Inc.

+6.95%

current return

Author Info

The Diversified Fins Analyst is a former sellside & buyside equities analyst focused on diversified financials (exchanges, online brokers, trading companies, etc.). Sign up for the newsletter.

Company Info

Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide.

Market Cap

$52.5B

Pitch Price

$87.49

Price Target

N/A

Dividend

1.17%

EV/EBITDA

19.22

P/E

32.83

EV/Sales

7.54

Sector

Capital Markets

Category

growth

Show full summary:
Nasdaq, Inc. ($NDAQ) 3Q25 Earnings Review

NDAQ (earnings): Q3 EPS $0.88 (+19% Y/Y) beat by 4%, revenue $1.315B (+11% Y/Y) beat by 1%. Solutions revenue +10% organic growth within 8-11% outlook. Exceeded $150M expense synergy target from Adenza deal. Leverage down to 3.1x, targeting 3.0x by 2025 end. Strong Index growth +13%, IPO pipeline robust.

Read full article (4 min)