Nasdaq (NDAQ) EV to CFO (2009 - 2026)
Nasdaq's (NDAQ) quarterly EV to CFO came in at 61.3 in Q2 2026, down 9.48% year-over-year from 67.72 in Q2 2025, and down 10.65% quarter-over-quarter from 68.61 in Q1 2026.
Analysis
Nasdaq (NDAQ) EV to CFO (2009 - 2026) Analysis & Trends
Nasdaq has disclosed EV to CFO across 18 years of filings, most recently posting 61.3 for Q2 2026.
- In Q2 2026, EV to CFO fell 9.48% year-over-year to 61.3; the TTM figure through Jun 2026 stood at 19.41 (down 9.42% YoY), while the FY2025 annual figure was 24.27, up 7.71% from the prior year.
- EV to CFO came in at 61.3 for Q2 2026 at Nasdaq, down from 68.61 in the prior quarter.
- In the past five years, EV to CFO ranged from a high of 226.99 in Q3 2025 to a low of 45.57 in Q2 2023.
- Average EV to CFO over 5 years is 81.8, with a median of 66.32 recorded in 2024.
- Year-over-year, EV to CFO tumbled 83.69% in 2022 and jumped 179.38% in 2024.
- Over 5 years, EV to CFO stood at 59.69 in 2022, then soared by 31.8% to 78.68 in 2023, then declined by 21.23% to 61.97 in 2024, then jumped by 41.29% to 87.56 in 2025, then slipped by 29.99% to 61.3 in 2026.
- Per Business Quant data, the three most recent EV to CFO figures were 61.3 in Q2 2026, 68.61 in Q1 2026, and 87.56 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 101.06 Bn | 101.06 Bn | 1.65 Bn |
| 2 | Intercontinental Exchange | 90.48 Bn | 88.60 Bn | - |
| 3 | Nasdaq | 54.45 Bn | 53.73 Bn | 1.50 Bn |
| 4 | Cboe Global Markets | 31.27 Bn | 28.88 Bn | 731.60 Mn |
| 5 | Tradeweb Markets | 24.86 Bn | 23.51 Bn | - |
| 6 | Marketaxess Holdings | 5.75 Bn | 5.47 Bn | - |
| 7 | Miami International Holdings | 4.18 Bn | 3.51 Bn | 141.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.30 |
| Mar 31, 2026 | 68.61 |
| Dec 31, 2025 | 87.56 |
| Sep 30, 2025 | 226.99 |
| Jun 30, 2025 | 67.72 |
| Mar 31, 2025 | 64.35 |
| Dec 31, 2024 | 61.97 |
| Sep 30, 2024 | 170.17 |
| Jun 30, 2024 | 74.20 |
| Mar 31, 2024 | 67.54 |
| Dec 31, 2023 | 78.68 |
| Sep 30, 2023 | 60.91 |
| Jun 30, 2023 | 45.57 |
| Mar 31, 2023 | 46.43 |
| Dec 31, 2022 | 59.69 |
| Sep 30, 2022 | 118.20 |
| Jun 30, 2022 | 65.10 |
| Mar 31, 2022 | 47.44 |
| Dec 31, 2021 | 89.62 |
| Sep 30, 2021 | 137.05 |