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NDAQ 
Nasdaq Inc (NDAQ)
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Upturn Advisory Summary
12/11/2025: NDAQ (3-star) is a STRONG-BUY. BUY since 4 days. Simulated Profits (4.51%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
19 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $103.33
1 Year Target Price $103.33
| 6 | Strong Buy |
| 7 | Buy |
| 5 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 33.22% | Avg. Invested days 53 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 12/11/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 53.85B USD | Price to earnings Ratio 33.52 | 1Y Target Price 103.33 |
Price to earnings Ratio 33.52 | 1Y Target Price 103.33 | ||
Volume (30-day avg) 19 | Beta 1.02 | 52 Weeks Range 64.26 - 97.06 | Updated Date 12/11/2025 |
52 Weeks Range 64.26 - 97.06 | Updated Date 12/11/2025 | ||
Dividends yield (FY) 1.11% | Basic EPS (TTM) 2.8 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 19.9% | Operating Margin (TTM) 31.61% |
Management Effectiveness
Return on Assets (TTM) 4.87% | Return on Equity (TTM) 14.05% |
Valuation
Trailing PE 33.52 | Forward PE 24.69 | Enterprise Value 59508900201 | Price to Sales(TTM) 6.59 |
Enterprise Value 59508900201 | Price to Sales(TTM) 6.59 | ||
Enterprise Value to Revenue 7.29 | Enterprise Value to EBITDA 19.88 | Shares Outstanding 570995433 | Shares Floating 508825450 |
Shares Outstanding 570995433 | Shares Floating 508825450 | ||
Percent Insiders 10.77 | Percent Institutions 86.31 |
Upturn AI SWOT
Nasdaq Inc
Company Overview
History and Background
Nasdaq Inc. was founded in 1971 as the National Association of Securities Dealers Automated Quotations. It was the world's first electronic stock market. Key milestones include the introduction of the first automated quotation system, its transition to a for-profit company in 1993, and its IPO in 2002. Nasdaq has evolved significantly, expanding its services beyond trading to include market data, analytics, and technology solutions for other exchanges.
Core Business Areas
- Market Services: This segment provides listing services for companies seeking to go public on Nasdaq's exchanges, as well as market data products, trading services, and regulatory solutions for financial institutions.
- Exchange and Trading Services: This segment encompasses the operation of Nasdaq's own stock exchanges, providing a platform for trading securities, and offering clearing and settlement services.
- Information Services: This segment includes the provision of market data, analytics, and index services, offering insights and benchmarks for investors and financial professionals.
- Anti-Financial Crime: Nasdaq provides technology and services to financial institutions to help them detect and prevent financial crime, including anti-money laundering (AML) and know your customer (KYC) solutions.
Leadership and Structure
Nasdaq Inc. is led by a Board of Directors and a senior management team, with Adena Friedman serving as President and CEO. The company operates through several divisions and business units focused on its core service areas.
Top Products and Market Share
Key Offerings
- Listing Services: Nasdaq offers a platform for companies to list their shares, attracting a significant number of IPOs and direct listings. Its competitors include the New York Stock Exchange (NYSE). Market share is difficult to quantify precisely for listing services as it's often a competitive bidding process, but Nasdaq consistently ranks among the top global exchanges for new listings.
- Market Data Products: Nasdaq provides real-time and historical market data for securities traded on its exchanges and other markets. Competitors include other exchange operators and independent data vendors. This is a significant revenue driver.
- Nasdaq Dorsey Wright (NDX) Research and Investment Solutions: This segment offers quantitative research and model portfolios to financial advisors and institutions, focusing on momentum and other factors. Competitors include various financial research firms and investment strategists.
- SMARTS Surveillance Technology: A leading market surveillance technology used by many exchanges and regulators worldwide to detect market abuse. Competitors include specialized surveillance software providers.
Market Dynamics
Industry Overview
The financial exchange and market infrastructure industry is characterized by high regulatory oversight, technological innovation, and increasing demand for data and analytics. Competition is intense, with established players and new entrants vying for market share.
Positioning
Nasdaq Inc. is a leading global multi-asset class exchange operator and technology solutions provider. Its competitive advantages include its strong brand recognition, its role as a primary listing venue for many technology companies, and its robust technology offerings.
Total Addressable Market (TAM)
The TAM for the global exchange and market services industry is substantial, encompassing listing fees, trading volumes, data subscriptions, and technology solutions for financial institutions. While difficult to quantify a precise single TAM, it is in the hundreds of billions of dollars annually. Nasdaq is well-positioned to capture a significant portion of this market through its diverse offerings and global reach.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and reputation.
- Leading position in technology listings.
- Diversified revenue streams beyond trading.
- Advanced surveillance and anti-financial crime solutions.
- Global presence and established infrastructure.
Weaknesses
- Reliance on trading volumes which can be volatile.
- Intense competition from other major exchanges.
- Potential for disruption from new technologies and decentralized finance.
Opportunities
- Growth in emerging markets.
- Expansion of data and analytics services.
- Increased demand for anti-financial crime solutions.
- Development of new trading technologies and platforms.
- Strategic acquisitions to expand service offerings.
Threats
- Regulatory changes and increased compliance costs.
- Cybersecurity risks and data breaches.
- Economic downturns impacting trading volumes and listings.
- Competition from alternative trading systems and platforms.
- Geopolitical instability affecting global markets.
Competitors and Market Share
Key Competitors
- New York Stock Exchange (ICE)
- CME Group Inc. (CME)
- Deutsche Bu00f6rse AG (DB1.DE)
- London Stock Exchange Group plc (LSEG.L)
Competitive Landscape
Nasdaq's key advantages lie in its strong presence in technology listings and its comprehensive suite of market technology and surveillance solutions. It competes on innovation, global reach, and the breadth of its offerings. However, it faces significant competition from established players like ICE and CME, which have strong market share in specific trading segments.
Major Acquisitions
Adenza
- Year: 2023
- Acquisition Price (USD millions): 10500
- Strategic Rationale: To significantly expand Nasdaq's financial technology offerings, particularly in trading, risk management, and regulatory solutions, strengthening its position in the capital markets technology sector.
Consilibrium
- Year: 2022
- Acquisition Price (USD millions): 500
- Strategic Rationale: To enhance Nasdaq's anti-financial crime capabilities, adding advanced identity verification and KYC solutions.
Growth Trajectory and Initiatives
Historical Growth: Nasdaq has experienced consistent historical growth, driven by organic expansion within its existing business lines, as well as strategic acquisitions that have broadened its service offerings and market reach.
Future Projections: Analysts generally project continued revenue and earnings growth for Nasdaq, driven by ongoing demand for its listing services, market data, and technology solutions, particularly in areas like anti-financial crime and wealth management technology.
Recent Initiatives: Recent initiatives include the acquisition of Adenza to bolster its financial technology offerings, continued investment in its Nasdaq Data Fabric for enhanced analytics, and expansion of its ESG (Environmental, Social, and Governance) reporting solutions for listed companies.
Summary
Nasdaq Inc. is a robust global exchange and financial technology provider with a strong market position, particularly in technology listings and surveillance solutions. Its diversified revenue streams and ongoing strategic acquisitions, like Adenza, are driving consistent growth. While facing intense competition, its focus on innovation and expanding its service portfolio positions it well for the future. Potential threats include regulatory changes and cybersecurity risks.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Nasdaq Inc. Investor Relations
- Financial News Outlets (e.g., Wall Street Journal, Bloomberg)
- Financial Data Providers (e.g., Refinitiv, FactSet)
- Company Annual Reports (10-K filings)
Disclaimers:
This analysis is based on publicly available information and may not encompass all aspects of Nasdaq Inc.'s operations or market conditions. Financial data is subject to change and historical performance is not indicative of future results. Investors should conduct their own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Nasdaq Inc
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2002-07-01 | CEO & Chairman Ms. Adena T. Friedman | ||
Sector Financial Services | Industry Financial Data & Stock Exchanges | Full time employees 9625 | Website https://www.nasdaq.com |
Full time employees 9625 | Website https://www.nasdaq.com | ||
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. It operates in 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; investor relations intelligence, governance solutions, and sustainability solution products for public and private companies and organizations; and insights and workflow solutions, as well as 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; surveillance solutions, including a SaaS platform 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 handles assets comprising cash equities, equity derivatives, currencies, various interest-bearing securities, commodities, energy products, and digital currencies; and trade management and colocation services. In addition, the company provides equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and currency trading services; and operates various exchanges, including derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and 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.
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