Nasdaq (NDAQ) Price to Sales (2009 - 2026)
Nasdaq's (NDAQ) Price to Sales was 5.62 for Q3 2026, down 9.1% from 6.18 a year earlier but up 10.7% from the prior quarter.
Powered by 
Analysis
Nasdaq (NDAQ) Price to Sales (2009 - 2026) Analysis & Trends
For FY2025, Price to Sales at Nasdaq was 6.70, up 11.5% from FY2024.
- Price to Sales has increased for three consecutive years.
- By year, Price to Sales came in at 6.01 in FY2024 (+8.9%), 5.51 in FY2023 (+13.8%), 4.84 in FY2022 (-18.5%) and 5.95 in FY2021 (+52.8%).
- Five-year quarterly Price to Sales spans a low of 3.98 in Q3 2023 and a high of 6.70 in Q4 2025.
- Year over year, Price to Sales gained in five of the last eight quarters, with growth averaging 1.6%.
- The high point for year-over-year Price to Sales in five years was Q4 2021 (growth of 52.8%); the low point was Q2 2026 (a decline of 19.7%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 5.07 (Q2 2026), 5.78 (Q1 2026) and 6.70 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - |
| 10 | Tradeweb Markets | 30.81 Bn | 23.33 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.62 |
| Jun 30, 2026 | 5.07 |
| Mar 31, 2026 | 5.78 |
| Dec 31, 2025 | 6.70 |
| Sep 30, 2025 | 6.18 |
| Jun 30, 2025 | 6.31 |
| Mar 31, 2025 | 5.57 |
| Dec 31, 2024 | 6.01 |
| Sep 30, 2024 | 5.98 |
| Jun 30, 2024 | 5.29 |
| Mar 31, 2024 | 5.86 |
| Dec 31, 2023 | 5.51 |
| Sep 30, 2023 | 3.98 |
| Jun 30, 2023 | 4.01 |
| Mar 31, 2023 | 4.30 |
| Dec 31, 2022 | 4.84 |
| Sep 30, 2022 | 4.56 |
| Jun 30, 2022 | 4.23 |
| Mar 31, 2022 | 5.09 |
| Dec 31, 2021 | 5.95 |
API Access
Nasdaq Price to Sales 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-sales&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();