Nasdaq, Inc. (NDAQ)
NASDAQFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-09-04
$96.88-1.85%
Close 2026-09-04 · 1-day change
NASDAQFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-09-04
QuarterlyIQ Insights · NDAQ
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within financials on a research-validated quality screen. As of 2026-09-04.
The screen ranks NDAQ against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Financials names rated neutral grew net income 55% of the time over the next year (vs 62% for the rest of the cohort, n=10246).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue expanding revenue and ARR in Financial Technology and Solutions segments with strong client engagement and product innovation.
Stated as a priority in 6 of last 6 quarters. Nasdaq's Financial Technology revenue grew from $464M in 2025-Q2 to $539M in 2026-Q2 (+16%), with ARR increasing 11% to $3.3B. Solutions revenue grew 15% in 2026-Q2. Management consistently emphasizes broad-based growth and strong client engagement, and the financials show delivering growth across these segments.
“Financial Technology delivered double-digit revenue growth in each subdivision for the second consecutive quarter... FinTech revenue increased 16%... ARR increased 11%”
“Financial Technology delivered strong revenue and ARR growth with record first quarter annualized contract value bookings... FinTech revenue increased 20%”
“Financial Technology delivered 12% quarterly organic revenue and organic ARR growth driven by sales momentum across all subdivisions.”
“Financial Technology delivered 13% organic revenue and 12% organic ARR growth with strong demand trends across each subdivision.”
“Financial Technology achieved solid revenue growth across each subdivision in a dynamic macro environment. Robust client demand drove double-digit revenue and ARR growth.”
“Financial Technology delivered durable and broad-based ARR growth. FinTech ARR grew 12% on an organic basis in the first quarter.”
Continue returning capital to shareholders through consistent and growing quarterly cash dividends.
Maintained and grew quarterly cash dividends in 6 of last 6 quarters, increasing from $0.24 per share in 2025-Q1 to $0.31 per share in 2026-Q2. Nasdaq consistently returned capital to shareholders via dividends, as evidenced by press releases each quarter and dividend per share data, demonstrating delivering on this capital allocation priority.
Continue repurchasing shares under the board authorized program to return capital and reduce leverage.
Nasdaq has stated the share repurchase program as a priority in 6 of last 6 quarters. The company repurchased $356 million in 2026-Q2 and $548 million in 2026-Q1, with $2.5 billion remaining authorized as of 2026-Q2. This consistent execution demonstrates delivering on the share repurchase priority.
Invest in technology and AI-driven innovation to modernize markets and expand product offerings.
Nasdaq has emphasized market modernization and AI-driven innovation in 6 of last 6 quarters. Initiatives include AI-powered financial crime detection, expansion of AI capabilities in Surveillance, and tokenized collateral trades. While specific financial metrics are not cited, management consistently highlights innovation as a strategic priority, with ongoing product launches and client adoption indicating delivering progress.
Consistently achieve earnings beats as a key operational and financial performance priority.
Over the trailing year it converted 1.71x of net income into operating cash flow. Historically, Financials names rated robust grew net income 62% of the time over the next year (vs 56% for the rest of the cohort, n=6844).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates (low R² over the window).
17 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated volatile grew net income 59% of the time over the next year (vs 56% for the rest of the cohort, n=2797).
Not investment advice. As of 2026-09-04.
“Nasdaq issued a press release announcing the declaration of a quarterly cash dividend of $0.31 per share.”
“Nasdaq issued a press release announcing the declaration of a quarterly cash dividend of $0.27 per share.”
“Nasdaq issued a press release announcing the declaration of a quarterly cash dividend of $0.27 per share.”
“Nasdaq issued a press release announcing the declaration of a quarterly cash dividend of $0.27 per share.”
“Nasdaq issued a press release announcing the declaration of a quarterly cash dividend of $0.27 per share.”
“Nasdaq issued a press release announcing the declaration of a quarterly cash dividend of $0.24 per share.”
“The company returned $174 million to shareholders through dividends and $356 million through repurchases of common stock.”
“The company returned $153 million to shareholders through dividends and $548 million through repurchases of common stock.”
“The company returned $153 million to shareholders through dividends and $286 million through repurchases of common stock.”
“The company returned $155 million to shareholders through dividends and repurchased $115 million of common stock.”
“The company returned $155 million to shareholders through dividends and $100 million through repurchases of common stock.”
“The company returned $138 million to shareholders through dividends and $115 million through repurchases of common stock.”
“Nasdaq Verafin enhanced AI-driven innovation in financial crime detection and advanced Always-On markets with tokenized collateral trades.”
“Surveillance is expanding AI capabilities with Calibration Copilot and GenAI platform extension planned for Q2.”
“Nasdaq launched AI-powered solutions and product enhancements across divisions with several feature launches planned for 2025.”
“Nasdaq Verafin launched Agentic AI Workforce and announced strategic partnerships integrating behavioral intelligence.”
“Nasdaq Verafin announced launch of Agentic AI workforce to address resource-intensive compliance workflows.”
“Nasdaq rolled out new AI-powered features and launched new Index products, with client usage of AI tools growing.”