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Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.5% of sales), the company sells market and financial data to investors, offers Nasdaq-branded indexes, and lists companies through its capital access segment (42.5%). Nasdaq's newest segment, financial technology, was primarily constructed through the acquisitions of Verafin and Adenza and has expanded the company into capital management, financial crime, and regulatory compliance software (35%) as the firm seeks to become a diversified technology company.
1979
9.2K+
LTM Revenue $4.8B
LTM EBITDA $2.7B
$55.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Nasdaq has a last 12-month revenue (LTM) of $4.8B and a last 12-month EBITDA of $2.7B.
In the most recent fiscal year, Nasdaq achieved revenue of $7.4B and an EBITDA of $2.5B.
Nasdaq expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Nasdaq valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $4.8B | XXX | $7.4B | XXX | XXX | XXX |
| Gross Profit | $4.8B | XXX | $3.0B | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 40% | XXX | XXX | XXX |
| EBITDA | $2.7B | XXX | $2.5B | XXX | XXX | XXX |
| EBITDA Margin | 57% | XXX | 33% | XXX | XXX | XXX |
| EBIT | $2.6B | XXX | $1.9B | XXX | XXX | XXX |
| EBIT Margin | 54% | XXX | 26% | XXX | XXX | XXX |
| Net Profit | $1.7B | XXX | $1.1B | XXX | XXX | XXX |
| Net Margin | 36% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $8.9B | XXX | XXX | XXX |
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As of May 30, 2025, Nasdaq's stock price is $84.
Nasdaq has current market cap of $48.0B, and EV of $55.1B.
See Nasdaq trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $55.1B | $48.0B | XXX | XXX | XXX | XXX | $2.97 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, Nasdaq has market cap of $48.0B and EV of $55.1B.
Nasdaq's trades at 7.4x EV/Revenue multiple, and 22.4x EV/EBITDA.
Equity research analysts estimate Nasdaq's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nasdaq has a P/E ratio of 27.9x.
See valuation multiples for Nasdaq and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $48.0B | XXX | $48.0B | XXX | XXX | XXX |
| EV (current) | $55.1B | XXX | $55.1B | XXX | XXX | XXX |
| EV/Revenue | 11.5x | XXX | 7.4x | XXX | XXX | XXX |
| EV/EBITDA | 20.2x | XXX | 22.4x | XXX | XXX | XXX |
| EV/EBIT | 21.1x | XXX | 28.3x | XXX | XXX | XXX |
| EV/Gross Profit | 11.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 27.9x | XXX | 42.9x | XXX | XXX | XXX |
| EV/FCF | 37.3x | XXX | 31.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNasdaq's last 12 month revenue growth is 8%
Nasdaq's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.1M for the same period.
Nasdaq's rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nasdaq's rule of X is 76% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Nasdaq and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | -15% | XXX | XXX | XXX |
| EBITDA Margin | 57% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 20% | XXX | XXX | XXX |
| Rule of 40 | 41% | XXX | 41% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 76% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 14% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ASX | XXX | XXX | XXX | XXX | XXX | XXX |
| Euroxx Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Athens Exchange Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Cboe Global Markets | XXX | XXX | XXX | XXX | XXX | XXX |
| Indian Energy Exchange | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Nasdaq acquired XXX companies to date.
Last acquisition by Nasdaq was XXXXXXXX, XXXXX XXXXX XXXXXX . Nasdaq acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Nasdaq founded? | Nasdaq was founded in 1979. |
| Where is Nasdaq headquartered? | Nasdaq is headquartered in United States of America. |
| How many employees does Nasdaq have? | As of today, Nasdaq has 9.2K+ employees. |
| Who is the CEO of Nasdaq? | Nasdaq's CEO is Ms. Adena T. Friedman. |
| Is Nasdaq publicy listed? | Yes, Nasdaq is a public company listed on NAS. |
| What is the stock symbol of Nasdaq? | Nasdaq trades under NDAQ ticker. |
| When did Nasdaq go public? | Nasdaq went public in 2002. |
| Who are competitors of Nasdaq? | Similar companies to Nasdaq include e.g. ASX, Euroxx Securities, Athens Exchange Group, Cboe Global Markets. |
| What is the current market cap of Nasdaq? | Nasdaq's current market cap is $48.0B |
| What is the current revenue of Nasdaq? | Nasdaq's last 12 months revenue is $4.8B. |
| What is the current revenue growth of Nasdaq? | Nasdaq revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Nasdaq? | Current revenue multiple of Nasdaq is 11.5x. |
| Is Nasdaq profitable? | Yes, Nasdaq is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nasdaq? | Nasdaq's last 12 months EBITDA is $2.7B. |
| What is Nasdaq's EBITDA margin? | Nasdaq's last 12 months EBITDA margin is 57%. |
| What is the current EV/EBITDA multiple of Nasdaq? | Current EBITDA multiple of Nasdaq is 20.2x. |
| What is the current FCF of Nasdaq? | Nasdaq's last 12 months FCF is $1.5B. |
| What is Nasdaq's FCF margin? | Nasdaq's last 12 months FCF margin is 31%. |
| What is the current EV/FCF multiple of Nasdaq? | Current FCF multiple of Nasdaq is 37.3x. |
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