Nasdaq (NDAQ) EV to FCF (2009 - 2026)
Nasdaq's (NDAQ) quarterly EV to FCF came in at 68.74 in Q2 2026, down 6.51% year-over-year from 73.53 in Q2 2025, and down 8.52% quarter-over-quarter from 75.15 in Q1 2026.
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Nasdaq (NDAQ) EV to FCF (2009 - 2026) Analysis & Trends
Nasdaq has disclosed EV to FCF across 18 years of filings, most recently posting 68.74 for Q2 2026.
- In Q2 2026, EV to FCF fell 6.51% year-over-year to 68.74; the TTM figure through Jun 2026 stood at 22.34 (down 5.63% YoY), while the FY2025 annual figure was 27.51, up 9.07% from the prior year.
- EV to FCF came in at 68.74 for Q2 2026 at Nasdaq, down from 75.15 in the prior quarter.
- In the past five years, EV to FCF ranged from a high of 330.04 in Q3 2025 to a low of 49.96 in Q1 2023.
- Average EV to FCF over 5 years is 97.38, with a median of 73.1 recorded in 2024.
- Year-over-year, EV to FCF sank 91.45% in 2022 and soared 217.88% in 2024.
- Over 5 years, EV to FCF stood at 64.11 in 2022, then jumped by 36.48% to 87.49 in 2023, then slipped by 22.58% to 67.74 in 2024, then soared by 50.73% to 102.1 in 2025, then slumped by 32.67% to 68.74 in 2026.
- Per Business Quant data, the three most recent EV to FCF figures were 68.74 in Q2 2026, 75.15 in Q1 2026, and 102.1 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 | 68.74 |
| Mar 31, 2026 | 75.15 |
| Dec 31, 2025 | 102.10 |
| Sep 30, 2025 | 330.04 |
| Jun 30, 2025 | 73.53 |
| Mar 31, 2025 | 69.48 |
| Dec 31, 2024 | 67.74 |
| Sep 30, 2024 | 220.86 |
| Jun 30, 2024 | 83.66 |
| Mar 31, 2024 | 72.90 |
| Dec 31, 2023 | 87.49 |
| Sep 30, 2023 | 69.48 |
| Jun 30, 2023 | 50.31 |
| Mar 31, 2023 | 49.96 |
| Dec 31, 2022 | 64.11 |
| Sep 30, 2022 | 143.57 |
| Jun 30, 2022 | 73.31 |
| Mar 31, 2022 | 50.35 |
| Dec 31, 2021 | 103.03 |
| Sep 30, 2021 | 158.98 |