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NDAQ · Nasdaq, Inc.

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$97.02 -0.57 (-0.58%) At close · Aug 14
Market Cap
$54.23B
Shares
558.98M

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$97.02 Open$97.76 Day$96.55–97.90 52W close$76.85–100.98 Avg vol 30d3.6M Short int8.5M · 1.5% float · 2.1d Short vol52% Last earningsJul 23, 2026 DataAug 2022–Aug 2026 Filing10-Q · Jul 23

Raw chart and full-history price indicators begin at the captured split on Aug 29, 2022; bars on opposite sides are not compared.

Up next

Next earnings call
Oct 21, 2026 Est · unconfirmed · in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
filed Jul 23, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Ask ALVIS about this →

      Equibles Rating

      blended score · not investment advice
      Overall
      Buy
      SellHoldBuy
      Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Strong Quant / Vol Moderate
      Market backdrop VIX 14.3 · calm Equity put/call 0.52
      Technical
      price trend
      Buy
      50 / 200-day cross No cross
      Price vs 200-day avg +8%
      above
      Price vs 50-day avg +9%
      above
      RSI (14) 65
      neutral
      MACD trend Positive
      52-week position 84%
      mid-range
      Momentum
      relative strength
      Very Strong
      1-month return +6%
      trailing
      6-month return +21%
      trailing
      YTD return 0%
      this year
      Relative strength +8%
      vs S&P · 6-mo
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50d $89 › 200d $90 — 200d above 50d
      Institutional flow Distributing
      -3% holders QoQ · +116 funds added
      Insider flow Distributing
      Net -$399.4K over 90 days · 67% sells
      Short interest Falling
      1.52% of float · ▼ -5.9% MoM · 2.1 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      1,064 holders — mid 3-yr range
      Squeeze score 44
      elevated · 0–100
      Fundamentals
      Strong
      Revenue growth +8%
      Y/Y
      Gross margin 123%
      expanding
      EPS growth +60%
      Y/Y
      Free cash flow $2.0B
      Valuation P/E 28.3
      rich
      Buyback $2.5B
      remaining
      Balance sheet $8.4B
      net debt
      Quant / Vol
      risk profile
      Moderate
      Volatility 27%
      annualized · 1-yr
      Max drawdown −24%
      past year
      ATR 2.3%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Latest guidance · from the 8-K filed Jul 23, 2026
      Non-GAAP operating expense · 2026 Non-GAAP $2.53B – $2.57B
      Non-GAAP tax rate · 2026 Non-GAAP 22.5% – 24.5%
      Prior guidance period ended · from the Earnings Call filed Mar 31, 2024
      Non-GAAP operating expense · 2024 $2.13B – $2.19B
      Non-GAAP tax rate · full year 2024 24.5% – 26.5%
      Operating expense increase from Q1 to Q2 · second quarter of 2024 up to $20M

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Buy
      0 · 3 · 3
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      +8% Bullish
      Price vs 50-day avg
      +9% Bullish
      RSI (14)
      65 Neutral
      MACD trend
      Positive Bullish
      52-week position
      84% Neutral
      Market signals — smart money & positioning
      Bearish · 2 of 6
      Trend (MA cross) No cross
      50d $89 › 200d $90 — 200d above 50d
      Institutional flow Distributing
      -3% holders QoQ · +116 funds added
      Insider flow Distributing
      Net -$399.4K over 90 days · 67% sells
      Short interest Falling
      1.52% of float · ▼ -5.9% MoM · 2.1 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      1,064 holders — mid 3-yr range
      Price context
      position in its 52-week range
      Range low $77 Now $97 · 84% Range high $101
      vs 200-day avg +8% vs 50-day avg +9%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from written earnings releases and filings
      Metric Latest Period YoY
      Remaining share repurchase authorization $2.5B as of June 30, 2026
      Market Services net revenue $317M 1Q26
      Non-GAAP operating income non-GAAP $799M 1Q26
      Solutions Revenue $1.08B 1Q26
      ARR non-GAAP $3.05B 4Q25
      Capital Access Platforms ARR growth non-GAAP 8% the fourth quarter
      Capital Markets Technology cross-sells 5 the fourth quarter
      Capital Markets Technology full-year cross-sells 8 full year
      Capital Markets Technology full-year new clients 20 full year
      Capital Markets Technology full-year upsells 214 full year
      Capital Markets Technology new clients 9 the fourth quarter
      Capital Markets Technology upsells 67 the fourth quarter
      Financial Technology ARR growth non-GAAP 14% the fourth quarter
      FinTech cross-sells 12 the fourth quarter
      FinTech full-year cross-sells 25 full year
      FinTech full-year new clients signed 291 full year
      FinTech full-year upsells 462 full year
      FinTech new clients signed 129 the fourth quarter
      FinTech upsells 143 the fourth quarter
      Index ETP AUM (end of period) $882B end of period
      New Index products launched 122 full year
      Regulatory Technology cross-sells 5 the fourth quarter
      Regulatory Technology full-year cross-sells 12 full year
      Regulatory Technology full-year new clients 35 full year
      Regulatory Technology full-year upsells 245 full year
      Regulatory Technology new clients 10 the fourth quarter
      Regulatory Technology upsells 76 the fourth quarter

      Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

      Versus peers

      Financial Data & Stock Exchanges — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      NDAQ
      Nasdaq, Inc.
      this stock
      $54.23B -0.1% +8.3% 28.3 1.5%
      SPGI
      S&P Global Inc.
      $121.39B +7.1% 27.4 3.0%
      CME
      Cme Group Inc.
      $97.01B -1.2% +6.4% 22.9 1.7%
      ICE
      Intercontinental Exchange, Inc.
      $86.86B -4.5% -2.1% 21.9 1.4%
      MCO
      Moodys Corp /De/
      $84.00B -5.1% +16.6% 30.8 1.8%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Accumulating
      Holders
      1,064
      % held
      84.5%
      Net QoQ
      +2.2M sh
      Top holder
      INVESTOR AB
      Held Float
      View
      Held by Funds
      Fund positions
      1,102
      View
      Short & Settlement
      Short Interest Falling
      Shares short
      8.5M
      Days to cover
      2.1d
      Change
      -527.3K sh
      View
      Short Volume
      Short vol %
      52%
      As of
      Aug 14, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      1
      Value
      $82
      As of
      Jun 24, 2026
      View
      Off-Exchange
      Off-exchange %
      41.9%
      Week of
      Jul 6, 2026
      Off-exch Lit
      View
      Smart Money
      Insider Trades Net selling
      Net (90d)
      -$399.4K
      Buyers / Sellers
      1 / 2
      Buyers Sellers
      View
      Congressional Trades Buy
      Member
      April McClain Delaney
      Amount
      $1.0K–$15.0K
      Traded
      Apr 24, 2026
      View
      Financials
      Financials
      Revenue (FY)
      $8.3B
      Net income (FY)
      $1.8B
      EPS diluted
      $3.09
      View
      Buybacks
      Authorized
      $3.0B
      Remaining
      $2.5B
      Spent Remaining
      View
      Filings
      SEC Filings
      Latest
      8-K
      Filed
      Jul 23, 2026
      This year
      15
      View
      Proposed Sales
      Value
      $213.2K
      Shares
      2.3K
      Filed
      Aug 10, 2026
      View
      Earnings & Events
      Earnings Calls
      Last call
      Jul 23, 2026
      View
      Investor Relations
      Latest news
      Nasdaq Announces End-of-Month Ope…
      Published
      Aug 11, 2026
      View

      Performance

      Raw-price comparisons begin at the captured split on Aug 29, 2022; windows that need an earlier baseline remain unavailable.

      5D 20D 120D MTD YTD
      NDAQ +2.6% +5.9% +21.4% +3.0% -0.1%
      SPY +0.4% +4.5% +13.8% +3.9% +13.9%
      vs SPY +2.2% +1.4% +7.6% -0.9% -14.0%

      Capital returns

      Latest dividend
      $0.31 / share · ex Jun 12, 2026
      Declared · upcoming
      $0.31 / share · ex Sep 11, 2026
      Raised 14.8%
      Paid (TTM)
      $1.12 / share · 4 payouts
      Dividend yield (TTM, derived)
      1.15%
      Buyback program · as of Jun 30, 2026
      Authorized
      $3.00B
      Spent (derived)
      $500.00M
      Remaining
      $2.50B
      Spent Remaining

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 1120193 CUSIP 631103108 13F (30d) 1031 filings 968 filers Visit website Investor relations