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

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

Historic Data

Download Data
DateValue
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