Nasdaq (NDAQ) FCF Payout Ratio (2012 - 2026)

Nasdaq's (NDAQ) quarterly FCF Payout Ratio came in at 0.24 in Q1 2026, up 8.23% year-on-year from 0.22 in Q1 2025, and down 14.79% quarter-over-quarter from 0.29 in Q4 2025.

Nasdaq (NDAQ) FCF Payout Ratio (2012 - 2026) Analysis & Trends

Nasdaq has disclosed FCF Payout Ratio across 15 years of filings, most recently posting 0.24 for Q1 2026.

  • FCF Payout Ratio for Q1 2026 came in at 0.24, up 8.23% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.31 (up 3.3% YoY), and the FY2025 annual result was 0.3, down 3.26% from the prior year.
  • FCF Payout Ratio came in at 0.24 for Q1 2026 at Nasdaq, down from 0.29 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 1.02 in Q3 2025 to a low of 0.16 in Q1 2022.
  • The 5-year median for FCF Payout Ratio is 0.29 (2025), against an average of 0.35.
  • Across the five-year window, FCF Payout Ratio tumbled 88.75% in 2022 and surged 78.75% in 2024, its largest moves.
  • Nasdaq's FCF Payout Ratio stood at 0.21 in 2022, then soared by 58.97% to 0.34 in 2023, then slumped by 36.82% to 0.21 in 2024, then soared by 33.42% to 0.29 in 2025, then declined by 14.79% to 0.24 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.24 (Q1 2026), 0.29 (Q4 2025), and 1.02 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 S&P Global 122.27 Bn 125.38 Bn 2.94 Bn 0.29
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 2.18
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn 0.22
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - 0.24
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn 0.24
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn -
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn 0.53
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 0.04
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 1.32
10 Factset Research Systems 8.21 Bn 7.92 Bn 314.28 Mn 0.22

Historic Data

Download Data
DateValue
Mar 31, 2026 0.24
Dec 31, 2025 0.29
Sep 30, 2025 1.02
Jun 30, 2025 0.23
Mar 31, 2025 0.22
Dec 31, 2024 0.21
Sep 30, 2024 0.73
Jun 30, 2024 0.34
Mar 31, 2024 0.26
Dec 31, 2023 0.34
Sep 30, 2023 0.41
Jun 30, 2023 0.29
Mar 31, 2023 0.19
Dec 31, 2022 0.21
Sep 30, 2022 0.52
Jun 30, 2022 0.29
Mar 31, 2022 0.16
Dec 31, 2021 0.27
Sep 30, 2021 0.46
Jun 30, 2021 2.59