Nasdaq (NDAQ) Price to FCF (2010 - 2026)
Nasdaq's (NDAQ) Price to FCF was 22.76 for Q3 2026, down 5.8% from 24.16 a year earlier but up 0.2% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Price to FCF (2010 - 2026) Analysis & Trends
For FY2025, Price to FCF at Nasdaq was 27.83, up 8.4% from FY2024.
- Price to FCF has increased for three consecutive years.
- By year, Price to FCF came in at 25.67 in FY2024 (+18.1%), 21.74 in FY2023 (+12.0%), 19.41 in FY2022 (-49.0%) and 38.05 in FY2021 (+84.9%).
- Five-year quarterly Price to FCF spans a low of 14.71 in Q3 2023 and a high of 38.05 in Q4 2021.
- Year over year, Price to FCF gained in four of the last eight quarters, with growth averaging 0.6%.
- The high point for year-over-year Price to FCF in five years was Q3 2024 (growth of 95.2%); the low point was Q2 2022 (a decline of 59.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 22.70 (Q2 2026), 23.93 (Q1 2026) and 27.83 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 109.27 Bn | 97.61 Bn | - |
| 2 | Bank of New York Mellon | 98.55 Bn | 37.92 Bn | - |
| 3 | Intercontinental Exchange | 91.26 Bn | 85.07 Bn | - |
| 4 | Robinhood Markets | 85.47 Bn | 66.56 Bn | - |
| 5 | Nasdaq | 57.27 Bn | 54.71 Bn | 1.48 Bn |
| 6 | State Street | 46.11 Bn | 46.11 Bn | - |
| 7 | Interactive Brokers | 36.17 Bn | 29.63 Bn | - |
| 8 | Cboe Global Markets | 35.59 Bn | 27.25 Bn | 731.60 Mn |
| 9 | Northern Trust | 30.73 Bn | 30.73 Bn | - |
| 10 | Tradeweb Markets | 28.70 Bn | 21.41 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.76 |
| Jun 30, 2026 | 22.70 |
| Mar 31, 2026 | 23.93 |
| Dec 31, 2025 | 27.83 |
| Sep 30, 2025 | 24.16 |
| Jun 30, 2025 | 24.05 |
| Mar 31, 2025 | 23.47 |
| Dec 31, 2024 | 25.67 |
| Sep 30, 2024 | 28.71 |
| Jun 30, 2024 | 22.59 |
| Mar 31, 2024 | 24.17 |
| Dec 31, 2023 | 21.74 |
| Sep 30, 2023 | 14.71 |
| Jun 30, 2023 | 15.79 |
| Mar 31, 2023 | 17.75 |
| Dec 31, 2022 | 19.41 |
| Sep 30, 2022 | 19.50 |
| Jun 30, 2022 | 17.41 |
| Mar 31, 2022 | 25.84 |
| Dec 31, 2021 | 38.05 |
API Access
Nasdaq Price to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-fcf&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "ticker": "NDAQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-fcf&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();