Nasdaq NDAQ
NASDAQ NDAQ
$94.22 -0.82 (-0.86%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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