Nasdaq (NDAQ) Price to FCF (2009 - 2026)
Nasdaq's (NDAQ) quarterly Price to FCF came in at 69.87 in Q2 2026, down 6.48% year-over-year from 74.71 in Q2 2025, and down 8.37% quarter-over-quarter from 76.25 in Q1 2026.
Analysis
Nasdaq (NDAQ) Price to FCF (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Price to FCF across 18 years of filings, most recently posting 69.87 for Q2 2026.
- In Q2 2026, Price to FCF fell 6.48% year-over-year to 69.87; the TTM figure through Jun 2026 stood at 22.7 (down 5.6% YoY), while the FY2025 annual figure was 27.83, up 8.42% from the prior year.
- Price to FCF came in at 69.87 for Q2 2026 at Nasdaq, down from 76.25 in the prior quarter.
- In the past five years, Price to FCF ranged from a high of 333.43 in Q3 2025 to a low of 51.03 in Q1 2023.
- Average Price to FCF over 5 years is 100.78, with a median of 74.92 recorded in 2025.
- Year-over-year, Price to FCF tumbled 91.41% in 2022 and soared 146.0% in 2024.
- Over 5 years, Price to FCF stood at 65.56 in 2022, then jumped by 36.01% to 89.17 in 2023, then fell by 22.7% to 68.93 in 2024, then surged by 49.83% to 103.27 in 2025, then tumbled by 32.34% to 69.87 in 2026.
- Per Business Quant data, the three most recent Price to FCF figures were 69.87 in Q2 2026, 76.25 in Q1 2026, and 103.27 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 | 69.87 |
| Mar 31, 2026 | 76.25 |
| Dec 31, 2025 | 103.27 |
| Sep 30, 2025 | 333.43 |
| Jun 30, 2025 | 74.71 |
| Mar 31, 2025 | 70.92 |
| Dec 31, 2024 | 68.93 |
| Sep 30, 2024 | 223.30 |
| Jun 30, 2024 | 85.08 |
| Mar 31, 2024 | 74.02 |
| Dec 31, 2023 | 89.17 |
| Sep 30, 2023 | 90.77 |
| Jun 30, 2023 | 65.31 |
| Mar 31, 2023 | 51.03 |
| Dec 31, 2022 | 65.56 |
| Sep 30, 2022 | 145.78 |
| Jun 30, 2022 | 75.13 |
| Mar 31, 2022 | 51.58 |
| Dec 31, 2021 | 104.80 |
| Sep 30, 2021 | 161.37 |