Nasdaq (NDAQ) Price to Sales (2010 - 2026)
Nasdaq's (NDAQ) Price to Sales was 5.06 for Q2 2026, down 19.8% from 6.31 a year earlier and down 12.2% from the prior quarter.
Powered by 
Analysis
Nasdaq (NDAQ) Price to Sales (2010 - 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%).
- The Q2 2026 figure ranks as the lowest quarterly Price to Sales since Q3 2023.
- Year over year, Price to Sales gained in six of the last eight quarters, with growth averaging 9.0%.
- 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 19.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 5.76 (Q1 2026), 6.69 (Q4 2025) and 6.19 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.29 Bn | 98.39 Bn | - |
| 2 | Intercontinental Exchange | 91.73 Bn | 85.47 Bn | - |
| 3 | Robinhood Markets | 85.57 Bn | 66.60 Bn | - |
| 4 | Nasdaq | 57.08 Bn | 54.52 Bn | 1.48 Bn |
| 5 | Interactive Brokers | 36.00 Bn | 13.12 Bn | - |
| 6 | Cboe Global Markets | 35.61 Bn | 27.26 Bn | 731.60 Mn |
| 7 | Tradeweb Markets | 26.02 Bn | 18.03 Bn | - |
| 8 | LPL Financial Holdings | 25.19 Bn | 20.51 Bn | - |
| 9 | Circle Internet | 21.29 Bn | 15.17 Bn | 288.85 Mn |
| 10 | Xp | 16.10 Bn | -5.72 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.62 |
| Jun 30, 2026 | 5.06 |
| Mar 31, 2026 | 5.76 |
| Dec 31, 2025 | 6.69 |
| Sep 30, 2025 | 6.19 |
| 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();