Free Trial

Nasdaq (NDAQ) Financials

Nasdaq logo
$82.55 -0.51 (-0.61%)
Closing price 05/28/2025 04:00 PM Eastern
Extended Trading
$82.75 +0.20 (+0.24%)
As of 05/28/2025 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Nasdaq

Annual Income Statements for Nasdaq

This table shows Nasdaq's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
1,117 1,059 1,125 1,187 933 774 458 729 106 428
Consolidated Net Income / (Loss)
1,115 1,057 1,123 1,187 933 774 458 729 106 427
Net Income / (Loss) Continuing Operations
1,115 1,057 1,123 1,187 933 774 458 729 106 427
Total Pre-Tax Income
1,449 1,401 1,475 1,534 1,212 1,019 1,064 872 133 630
Total Operating Income
1,798 1,578 1,564 1,441 1,234 1,017 1,028 991 836 720
Total Gross Profit
3,325 2,813 2,579 2,482 2,903 2,535 2,526 2,411 2,276 2,090
Total Revenue
7,400 6,064 6,226 5,886 5,625 4,258 4,277 3,948 3,704 3,403
Operating Revenue
7,400 6,064 6,226 5,886 5,625 4,258 4,277 3,948 3,704 3,403
Total Cost of Revenue
4,075 3,251 3,647 3,404 2,722 1,723 1,751 1,537 1,428 1,313
Operating Cost of Revenue
4,075 3,251 3,647 3,404 2,722 1,723 1,751 1,537 1,428 1,313
Total Operating Expenses
1,527 1,235 1,015 1,041 1,669 1,518 1,498 1,420 1,440 1,370
Selling, General & Admin Expense
542 474 472 415 1,216 1,092 1,103 1,030 1,002 910
Marketing Expense
54 47 51 57 39 39 37 31 30 28
Depreciation Expense
613 323 258 278 202 190 210 188 170 138
Other Operating Expenses / (Income)
167 163 137 173 131 128 127 127 121 112
Restructuring Charge
151 228 97 118 81 69 21 44 117 182
Total Other Income / (Expense), net
-349 -177 -89 93 -22 2.00 36 -119 -703 -90
Interest Expense
414 284 129 125 101 124 150 143 135 111
Interest & Investment Income
44 108 38 53 74 94 146 22 10 21
Other Income / (Expense), net
21 -1.00 2.00 165 5.00 32 40 2.00 -578 -
Income Tax Expense
334 344 352 347 279 245 606 143 27 203
Net Income / (Loss) Attributable to Noncontrolling Interest
-2.00 -2.00 -2.00 0.00 0.00 - - - - -1.00
Basic Earnings per Share
$1.94 $2.10 $2.28 $2.38 $1.89 $4.69 $2.77 $4.38 $0.64 $2.56
Weighted Average Basic Shares Outstanding
575.15M 575.21M 489.00M 164.41M 164.80M 165.01M 165.42M 166.56M 166.75M 163.89M
Diluted Earnings per Share
$1.93 $2.08 $2.26 $2.35 $1.86 $4.63 $2.73 $4.30 $0.63 $2.50
Weighted Average Diluted Shares Outstanding
575.15M 575.21M 489.00M 164.41M 164.80M 165.01M 165.42M 166.56M 166.75M 163.89M
Weighted Average Basic & Diluted Shares Outstanding
575.15M 575.21M 489.00M 164.41M 164.80M 165.01M 165.42M 166.56M 166.75M 163.89M
Cash Dividends to Common per Share
$0.94 $0.86 $0.78 $0.70 $0.65 $1.85 $1.70 $1.46 $1.21 $0.90

Quarterly Income Statements for Nasdaq

This table shows Nasdaq's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
395 355 306 222 234 196 294 267 302 240 294
Consolidated Net Income / (Loss)
395 355 305 222 233 195 294 267 301 239 294
Net Income / (Loss) Continuing Operations
395 355 305 222 233 195 294 267 301 239 294
Total Pre-Tax Income
488 440 356 341 312 277 391 337 396 322 382
Total Operating Income
547 517 448 423 410 353 431 382 412 349 398
Total Gross Profit
908 903 814 831 777 811 680 664 658 654 641
Total Revenue
2,090 2,032 1,902 1,792 1,674 1,647 1,451 1,433 1,533 1,582 1,557
Operating Revenue
2,090 2,032 1,902 1,792 1,674 1,647 1,451 1,433 1,533 1,582 1,557
Total Cost of Revenue
1,182 1,129 1,088 961 897 836 771 769 875 928 916
Operating Cost of Revenue
1,182 1,129 1,088 961 897 836 771 769 875 928 916
Total Operating Expenses
361 386 366 408 367 458 249 282 246 305 243
Selling, General & Admin Expense
119 142 133 138 129 151 115 108 100 131 122
Marketing Expense
14 20 11 12 11 17 12 9.00 9.00 20 10
Depreciation Expense
156 152 153 153 155 125 64 65 69 63 63
Other Operating Expenses / (Income)
43 48 37 45 37 37 37 41 48 35 34
Restructuring Charge
29 24 32 60 35 128 21 59 20 56 14
Total Other Income / (Expense), net
-59 -77 -92 -82 -98 -76 -40 -45 -16 -27 -16
Interest Expense
96 102 102 102 108 111 101 36 36 33 32
Interest & Investment Income
38 18 9.00 8.00 9.00 31 60 -3.00 20 12 10
Other Income / (Expense), net
-1.00 7.00 1.00 12 1.00 4.00 1.00 -6.00 0.00 -6.00 6.00
Income Tax Expense
93 85 51 119 79 82 97 70 95 83 88
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 - -1.00 0.00 -1.00 -1.00 0.00 0.00 -1.00 -1.00 0.00
Basic Earnings per Share
$0.69 $0.61 $0.53 $0.39 $0.41 $0.34 $0.60 $0.54 $0.62 $0.49 $0.60
Weighted Average Basic Shares Outstanding
574.12M 575.15M 574.76M 575.94M 576.53M 575.21M 576.96M 491.32M 490.77M 489.00M 491.28M
Diluted Earnings per Share
$0.68 $0.62 $0.53 $0.38 $0.40 $0.34 $0.60 $0.54 $0.61 $0.49 $0.59
Weighted Average Diluted Shares Outstanding
574.12M 575.15M 574.76M 575.94M 576.53M 575.21M 576.96M 491.32M 490.77M 489.00M 491.28M
Weighted Average Basic & Diluted Shares Outstanding
574.12M 575.15M 574.76M 575.94M 576.53M 575.21M 576.96M 491.32M 490.77M 489.00M 491.28M
Cash Dividends to Common per Share
$0.24 $0.24 $0.24 $0.24 $0.22 $0.22 $0.22 $0.22 $0.20 $0.20 $0.20

Annual Cash Flow Statements for Nasdaq

This table details how cash moves in and out of Nasdaq's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-2,112 124 1,498 -483 3,393 -2,111 187 -19 61 -119
Net Cash From Operating Activities
1,939 1,696 1,706 1,083 1,252 963 1,028 -909 776 727
Net Cash From Continuing Operating Activities
1,939 1,696 1,706 1,083 1,252 963 1,028 909 198 727
Net Income / (Loss) Continuing Operations
1,115 1,057 1,123 1,187 933 774 458 729 106 427
Consolidated Net Income / (Loss)
1,115 1,057 1,123 1,187 933 774 458 729 106 427
Depreciation Expense
613 323 258 278 202 190 210 188 170 138
Non-Cash Adjustments To Reconcile Net Income
165 277 119 -7.00 126 47 257 87 -36 180
Changes in Operating Assets and Liabilities, net
46 39 206 -375 -9.00 -48 103 -95 -42 -18
Net Cash From Investing Activities
-953 -5,994 49 -2,653 -122 -414 196 -890 -1,657 -435
Net Cash From Continuing Investing Activities
-953 -5,994 49 -2,653 -122 -414 196 -890 -1,657 -435
Purchase of Property, Plant & Equipment
-207 -158 -152 -163 -188 -127 -111 -144 -134 -133
Acquisitions
0.00 -5,766 -41 -2,430 -157 -206 -75 -776 -1,466 -226
Purchase of Investments
-913 -786 -111 -448 -174 -753 -421 -392 -468 -414
Sale and/or Maturity of Investments
199 719 320 285 424 554 543 424 411 348
Other Investing Activities, net
-32 -3.00 33 -87 -27 -14 -26 -2.00 - -10
Net Cash From Financing Activities
-2,561 4,220 1,036 1,418 1,910 -2,472 -1,027 -53 948 -400
Net Cash From Continuing Financing Activities
-2,561 4,220 1,036 1,418 1,910 -2,472 -1,027 -53 -1,470 -400
Repayment of Debt
-785 -628 -851 -410 -1,892 -1,110 -115 -717 -1,159 -388
Repurchase of Common Equity
-145 -269 -308 -468 -222 -200 -394 -203 -100 -377
Payment of Dividends
-541 -441 -383 -350 -320 -305 -280 -243 -200 -149
Issuance of Debt
0.00 5,608 541 826 3,807 680 -205 1,128 0.00 506
Other Financing Activities, net
-1,090 -50 2,037 1,794 487 -1,574 -50 -71 -65 -21
Other Net Changes in Cash
-537 202 - - 353 -188 -10 15 -6.00 -11
Cash Interest Paid
405 177 116 118 97 120 -148 129 119 103
Cash Income Taxes Paid
358 254 274 501 290 205 221 154 191 202

Quarterly Cash Flow Statements for Nasdaq

This table details how cash moves in and out of Nasdaq's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-275 -789 318 247 -1,888 -3,716 -1,033 5,025 -152 -2,240 981
Net Cash From Operating Activities
663 705 244 460 530 417 300 414 565 494 232
Net Cash From Continuing Operating Activities
663 705 244 460 530 417 300 414 565 510 232
Net Income / (Loss) Continuing Operations
395 355 305 222 233 196 294 266 301 240 294
Consolidated Net Income / (Loss)
395 355 305 222 233 196 294 266 301 240 294
Depreciation Expense
156 153 152 153 155 125 64 65 69 63 63
Non-Cash Adjustments To Reconcile Net Income
3.00 -37 95 53 54 107 42 76 52 42 4.00
Changes in Operating Assets and Liabilities, net
109 234 -308 32 88 -11 -100 7.00 143 165 -129
Net Cash From Investing Activities
-258 -1,008 73 214 -232 -5,836 134 -159 -133 74 219
Net Cash From Continuing Investing Activities
-258 -1,008 73 214 -232 -5,836 134 -159 -133 74 219
Purchase of Property, Plant & Equipment
-49 -60 -56 -52 -39 -42 -37 -39 -40 -34 -41
Purchase of Investments
-309 -998 113 196 -224 -320 48 -227 -287 108 184
Sale and/or Maturity of Investments
105 58 22 75 44 292 131 112 184 15 83
Other Investing Activities, net
-5.00 -8.00 -6.00 -5.00 -13 - -8.00 -5.00 10 -15 -7.00
Net Cash From Financing Activities
-1,083 -24 -204 -458 -1,875 1,201 -1,397 5,029 -613 -3,239 1,572
Net Cash From Continuing Financing Activities
-1,083 -24 -204 -458 -1,875 1,201 -1,397 5,029 -613 -3,239 1,572
Repayment of Debt
-256 -151 -53 -174 -407 60 -139 -548 -1.00 -114 -219
Repurchase of Common Equity
-115 - -87 -58 0.00 -110 - - -159 325 -
Payment of Dividends
-138 -138 -138 -138 -127 -127 -108 -108 -98 -98 -99
Issuance of Debt
0.00 - - - - 597 -5.00 5,333 -317 - -
Other Financing Activities, net
-574 286 74 -109 -1,341 799 -1,145 334 -38 -3,336 1,891
Other Net Changes in Cash
403 - - - - - - - 29 - -1,042
Cash Interest Paid
125 90 89 81 145 88 22 30 37 33 23
Cash Income Taxes Paid
45 122 134 79 23 56 62 118 18 70 71

Annual Balance Sheets for Nasdaq

This table presents Nasdaq's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
30,395 32,294 20,868 20,115 17,979 13,924 15,700 15,354 14,150 11,861
Total Current Assets
7,786 9,096 8,604 7,423 7,660 4,290 6,370 5,510 4,560 3,260
Cash & Equivalents
592 453 502 393 2,745 332 545 377 403 301
Restricted Cash
31 20 22 29 37 30 41 22 15 56
Short-Term Investments
184 188 181 208 195 291 268 235 245 201
Accounts Receivable
1,022 929 677 588 566 422 384 356 429 316
Other Current Assets
5,957 7,506 7,222 6,205 4,117 3,215 5,132 4,520 3,468 2,386
Plant, Property, & Equipment, net
593 576 532 509 475 384 376 400 362 323
Total Noncurrent Assets
22,016 22,622 11,732 12,183 9,844 9,250 8,954 9,444 9,228 8,278
Goodwill
13,957 14,112 8,099 8,433 6,850 6,366 6,363 6,586 6,027 5,395
Intangible Assets
6,905 7,443 2,581 2,813 2,255 2,249 2,300 2,468 2,094 1,959
Other Noncurrent Operating Assets
1,154 1,067 1,052 937 739 635 291 390 390 281
Total Liabilities & Shareholders' Equity
30,395 32,294 20,868 20,115 17,979 13,924 15,700 15,354 14,150 11,861
Total Liabilities
19,195 21,467 14,704 13,710 11,543 8,285 10,251 9,474 8,720 6,252
Total Current Liabilities
7,902 9,025 8,835 7,872 4,924 4,227 6,570 5,234 4,082 2,920
Short-Term Debt
399 291 664 1,018 0.00 391 875 480 0.00 -
Accounts Payable
269 332 185 185 175 148 198 177 175 158
Customer Deposits
5,664 7,275 7,021 5,911 3,942 2,996 4,742 3,988 3,301 2,228
Current Deferred Revenue
711 594 357 329 235 211 194 161 162 127
Current Employee Benefit Liabilities
325 303 243 252 227 188 199 170 207 171
Other Current Liabilities
534 230 365 177 345 293 362 258 237 236
Total Noncurrent Liabilities
11,293 12,442 5,869 5,838 6,619 4,058 3,681 4,240 4,638 3,332
Long-Term Debt
9,081 10,163 4,735 4,812 5,541 2,996 2,956 3,727 3,603 2,364
Noncurrent Deferred & Payable Income Tax Liabilities
1,594 1,642 456 406 502 552 501 225 720 626
Other Noncurrent Operating Liabilities
618 637 678 620 576 510 224 162 144 142
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
11,200 10,827 6,164 6,405 6,436 5,639 5,449 5,880 5,430 5,609
Total Preferred & Common Equity
11,191 10,816 6,151 6,395 6,433 5,639 5,449 5,880 5,430 5,609
Total Common Equity
11,185 10,810 6,146 6,390 6,433 5,639 5,449 5,880 5,430 5,609
Common Stock
5,530 5,496 1,445 1,949 2,549 2,634 2,718 3,026 3,106 3,013
Retained Earnings
8,401 7,825 7,207 6,465 5,628 5,027 4,558 3,963 3,479 3,571
Treasury Stock
-647 -587 -515 -437 -376 -336 -297 -247 -176 -111
Accumulated Other Comprehensive Income / (Loss)
-2,099 -1,924 -1,991 -1,587 -1,368 -1,686 -1,530 -862 -979 -864
Noncontrolling Interest
9.00 11 13 10 3.00 0.00 - - - -

Quarterly Balance Sheets for Nasdaq

This table presents Nasdaq's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
30,647 30,395 30,560 30,210 30,267 32,294 24,350 25,657 20,775 20,868 22,941
Total Current Assets
7,818 7,786 7,558 7,309 7,321 9,096 12,351 13,578 8,540 8,604 10,851
Cash & Equivalents
690 592 266 416 388 453 5,340 5,347 373 502 301
Restricted Cash
18 31 42 24 21 20 5,960 23 57 22 51
Short-Term Investments
201 184 202 174 173 188 272 288 197 181 129
Accounts Receivable
986 1,022 944 960 925 929 595 597 666 677 638
Other Current Assets
5,923 5,957 6,104 5,735 5,814 7,506 184 7,323 7,247 7,222 9,732
Plant, Property, & Equipment, net
621 593 584 556 575 576 542 536 529 532 518
Total Noncurrent Assets
22,208 22,016 22,418 22,345 22,371 22,622 11,457 11,543 11,706 11,732 11,572
Goodwill
14,179 13,957 14,165 13,984 13,974 14,112 7,988 8,020 8,103 8,099 7,946
Intangible Assets
6,830 6,905 7,072 7,171 7,291 7,443 2,446 2,490 2,545 2,581 2,583
Other Noncurrent Operating Assets
1,199 1,154 1,181 1,190 1,106 1,067 1,023 1,033 1,058 1,052 1,043
Total Liabilities & Shareholders' Equity
30,647 30,395 30,560 30,210 30,267 32,294 24,350 25,657 20,775 20,868 22,941
Total Liabilities
19,092 19,195 19,479 19,302 19,448 21,467 17,871 19,410 14,596 14,704 17,057
Total Current Liabilities
7,971 7,902 7,933 7,791 7,393 9,025 7,048 8,511 8,704 8,835 11,335
Short-Term Debt
400 399 499 548 224 291 0.00 140 347 664 799
Accounts Payable
255 269 289 301 266 332 286 199 183 185 189
Customer Deposits
5,686 5,664 5,865 5,546 5,595 7,275 5,935 7,134 7,055 7,021 9,507
Current Deferred Revenue
981 711 663 736 866 594 451 558 664 357 415
Current Employee Benefit Liabilities
198 325 314 213 188 303 211 156 157 243 205
Other Current Liabilities
451 534 303 447 254 230 165 324 298 365 220
Total Noncurrent Liabilities
11,121 11,293 11,546 11,511 12,055 12,442 10,823 10,899 5,892 5,869 5,722
Long-Term Debt
8,926 9,081 9,359 9,249 9,765 10,163 9,703 9,792 4,762 4,735 4,573
Noncurrent Deferred & Payable Income Tax Liabilities
1,586 1,594 1,566 1,632 1,655 1,642 509 474 463 456 470
Other Noncurrent Operating Liabilities
609 618 621 630 635 637 611 633 667 678 679
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
11,555 11,200 11,081 10,908 10,819 10,827 6,479 6,247 6,179 6,164 5,884
Total Preferred & Common Equity
11,546 11,191 11,072 10,898 10,809 10,816 6,467 6,235 6,167 6,151 5,875
Total Common Equity
11,540 11,185 11,066 10,892 10,803 10,810 6,467 6,230 6,162 6,146 5,870
Common Stock
5,450 5,530 5,477 5,528 5,526 5,496 1,399 1,363 1,312 1,445 1,408
Retained Earnings
8,658 8,401 8,184 8,016 7,932 7,825 7,755 7,569 7,411 7,207 7,064
Treasury Stock
-672 -647 -643 -641 -611 -587 -585 -583 -555 -515 -510
Accumulated Other Comprehensive Income / (Loss)
-1,896 -2,099 -1,952 -2,011 -2,044 -1,924 -2,102 -2,119 -2,006 -1,991 -2,092
Noncontrolling Interest
9.00 9.00 9.00 10 10 11 12 12 12 13 9.00

Annual Metrics And Ratios for Nasdaq

This table displays calculated financial ratios and metrics derived from Nasdaq's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
22.03% -2.60% 5.78% 4.64% 32.10% -0.44% 8.33% 6.59% 8.85% -2.77%
EBITDA Growth
28.00% 4.17% -3.18% 30.74% 16.30% -3.05% 8.21% 175.93% -50.12% 1.90%
EBIT Growth
15.35% 0.70% -2.49% 29.62% 18.11% -1.78% 7.55% 284.88% -64.17% 2.13%
NOPAT Growth
16.21% -0.02% 6.79% 17.38% 22.97% 74.57% -46.59% 24.34% 36.53% -6.91%
Net Income Growth
5.49% -5.88% -5.39% 27.22% 20.54% 69.00% -37.17% 587.74% -75.18% 3.39%
EPS Growth
-7.21% -7.96% -3.83% 27.22% 20.54% 69.60% -36.51% 582.54% -74.80% 4.60%
Operating Cash Flow Growth
14.33% -0.59% 57.53% -13.50% 30.01% -6.32% 13.09% -217.14% 6.74% 21.57%
Free Cash Flow Firm Growth
124.86% -542.34% 230.05% -561.38% -60.88% -43.83% 677.37% 11.85% -156.17% -58.22%
Invested Capital Growth
-3.62% 89.91% -6.44% 28.94% 7.49% -0.63% -10.86% 12.94% 12.88% -0.35%
Revenue Q/Q Growth
5.49% 1.08% 1.90% 0.09% 7.63% -1.69% 2.76% 1.20% 2.95% -1.51%
EBITDA Q/Q Growth
8.72% 4.17% -3.03% 5.19% 4.27% 1.06% 3.40% 3.14% -58.53% 9.72%
EBIT Q/Q Growth
10.11% 0.90% -2.43% 4.22% 4.47% 1.65% 3.79% 3.44% -70.38% 11.28%
NOPAT Q/Q Growth
14.02% -0.66% -2.06% 1.65% 6.22% 60.99% -45.43% -15.04% 20.55% 5.18%
Net Income Q/Q Growth
16.75% -4.00% -1.84% 3.04% 2.41% 46.87% -38.69% 183.66% -77.96% 16.99%
EPS Q/Q Growth
15.57% 8.90% -3.00% 3.04% 2.41% 43.79% -38.37% 182.89% -77.89% 17.92%
Operating Cash Flow Q/Q Growth
17.44% -4.34% 6.89% -4.50% 8.30% -2.13% 6.20% -201.79% 6.16% 7.86%
Free Cash Flow Firm Q/Q Growth
114.59% -216.41% -12.15% 20.62% -13.72% -25.82% 291.01% -117.49% 68.49% -46.73%
Invested Capital Q/Q Growth
-2.72% 347.29% 0.77% -1.36% 2.38% 1.23% -5.37% 11.62% -6.47% -0.87%
Profitability Metrics
- - - - - - - - - -
Gross Margin
44.93% 46.39% 41.42% 42.17% 51.61% 59.54% 59.06% 61.07% 61.45% 61.42%
EBITDA Margin
32.86% 31.33% 29.30% 32.01% 25.62% 29.10% 29.88% 29.91% 11.56% 25.21%
Operating Margin
24.30% 26.02% 25.12% 24.48% 21.94% 23.88% 24.04% 25.10% 22.57% 21.16%
EBIT Margin
24.58% 26.01% 25.15% 27.29% 22.03% 24.64% 24.97% 25.15% 6.97% 21.16%
Profit (Net Income) Margin
15.07% 17.43% 18.04% 20.17% 16.59% 18.18% 10.71% 18.47% 2.86% 12.55%
Tax Burden Percent
76.95% 75.45% 76.14% 77.38% 76.98% 75.96% 43.05% 83.60% 79.70% 67.78%
Interest Burden Percent
79.66% 88.84% 94.19% 95.52% 97.82% 97.14% 99.63% 87.81% 51.55% 87.50%
Effective Tax Rate
23.05% 24.55% 23.86% 22.62% 23.02% 24.04% 56.95% 16.40% 20.30% 32.22%
Return on Invested Capital (ROIC)
6.83% 7.56% 10.60% 10.82% 10.94% 9.20% 4.95% 9.30% 8.44% 6.57%
ROIC Less NNEP Spread (ROIC-NNEP)
3.92% 5.72% 9.23% 12.68% 10.30% 9.25% 5.42% 6.24% -15.17% 3.04%
Return on Net Nonoperating Assets (RNNOA)
3.29% 4.88% 7.27% 7.66% 4.52% 4.76% 3.14% 3.59% -6.52% 0.92%
Return on Equity (ROE)
10.12% 12.44% 17.87% 18.49% 15.45% 13.96% 8.09% 12.89% 1.92% 7.49%
Cash Return on Invested Capital (CROIC)
10.52% -54.46% 17.25% -14.46% 3.72% 9.83% 16.44% -2.86% -3.66% 6.92%
Operating Return on Assets (OROA)
5.80% 5.93% 7.64% 8.43% 7.77% 7.08% 6.88% 6.73% 1.98% 6.02%
Return on Assets (ROA)
3.56% 3.98% 5.48% 6.23% 5.85% 5.23% 2.95% 4.94% 0.82% 3.57%
Return on Common Equity (ROCE)
10.11% 12.42% 17.82% 18.46% 15.45% 13.96% 8.09% 12.89% 1.92% 7.49%
Return on Equity Simple (ROE_SIMPLE)
9.96% 9.77% 18.26% 18.56% 14.50% 13.73% 8.41% 12.40% 1.95% 7.61%
Net Operating Profit after Tax (NOPAT)
1,384 1,191 1,191 1,115 950 772 443 828 666 488
NOPAT Margin
18.70% 19.63% 19.13% 18.94% 16.89% 18.14% 10.35% 20.98% 17.99% 14.34%
Net Nonoperating Expense Percent (NNEP)
2.91% 1.84% 1.37% -1.85% 0.64% -0.05% -0.47% 3.06% 23.61% 3.53%
Return On Investment Capital (ROIC_SIMPLE)
6.69% 5.59% 10.30% - - - - - - -
Cost of Revenue to Revenue
55.07% 53.61% 58.58% 57.83% 48.39% 40.47% 40.94% 38.93% 38.55% 38.58%
SG&A Expenses to Revenue
7.32% 7.82% 7.58% 7.05% 21.62% 25.65% 25.79% 26.09% 27.05% 26.74%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
20.64% 20.37% 16.30% 17.69% 29.67% 35.65% 35.02% 35.97% 38.88% 40.26%
Earnings before Interest and Taxes (EBIT)
1,819 1,577 1,566 1,606 1,239 1,049 1,068 993 258 720
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,432 1,900 1,824 1,884 1,441 1,239 1,278 1,181 428 858
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
3.97 3.06 4.76 5.32 3.23 2.93 2.26 1.96 1.81 1.48
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
6.00 5.45 4.70 5.77 3.70 3.88 2.88 2.91 2.65 2.45
Price to Earnings (P/E)
39.78 31.23 25.99 28.61 22.30 21.32 26.92 15.78 92.77 19.44
Dividend Yield
1.22% 1.50% 1.31% 1.04% 1.90% 1.84% 2.26% 2.11% 2.03% 1.78%
Earnings Yield
2.51% 3.20% 3.85% 3.49% 4.48% 4.69% 3.71% 6.34% 1.08% 5.14%
Enterprise Value to Invested Capital (EV/IC)
2.67 2.08 3.13 3.38 2.60 2.30 1.82 1.60 1.53 1.37
Enterprise Value to Revenue (EV/Rev)
7.18 7.07 5.45 6.66 4.16 4.52 3.58 3.82 3.45 2.98
Enterprise Value to EBITDA (EV/EBITDA)
21.84 22.57 18.61 20.79 16.22 15.53 11.98 12.77 29.84 11.80
Enterprise Value to EBIT (EV/EBIT)
29.20 27.19 21.67 24.39 18.87 18.34 14.33 15.18 49.51 14.06
Enterprise Value to NOPAT (EV/NOPAT)
38.39 36.02 28.51 35.13 24.61 24.90 34.59 18.20 19.17 20.75
Enterprise Value to Operating Cash Flow (EV/OCF)
27.39 25.28 19.90 36.17 18.67 19.98 14.89 0.00 16.46 13.93
Enterprise Value to Free Cash Flow (EV/FCFF)
24.93 0.00 17.52 0.00 72.38 23.30 10.42 0.00 0.00 19.70
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.85 0.97 0.88 0.91 0.86 0.60 0.70 0.72 0.66 0.42
Long-Term Debt to Equity
0.81 0.94 0.77 0.75 0.86 0.53 0.54 0.63 0.66 0.42
Financial Leverage
0.84 0.85 0.79 0.60 0.44 0.52 0.58 0.58 0.43 0.30
Leverage Ratio
2.85 3.13 3.26 2.97 2.64 2.67 2.74 2.61 2.36 2.10
Compound Leverage Factor
2.27 2.78 3.07 2.83 2.58 2.60 2.73 2.29 1.21 1.84
Debt to Total Capital
45.84% 49.12% 46.69% 47.65% 46.26% 37.52% 41.28% 41.71% 39.89% 29.65%
Short-Term Debt to Total Capital
1.93% 1.37% 5.74% 8.32% 0.00% 4.33% 9.43% 4.76% 0.00% 0.00%
Long-Term Debt to Total Capital
43.91% 47.76% 40.95% 39.33% 46.26% 33.19% 31.85% 36.95% 39.89% 29.65%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.04% 0.05% 0.11% 0.08% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
54.09% 50.80% 53.15% 52.23% 53.71% 62.48% 58.72% 58.29% 60.11% 70.35%
Debt to EBITDA
3.90 5.50 2.96 3.09 3.85 2.73 3.00 3.56 8.42 2.76
Net Debt to EBITDA
3.57 5.15 2.57 2.76 1.78 2.21 2.33 3.03 6.87 2.10
Long-Term Debt to EBITDA
3.73 5.35 2.60 2.55 3.85 2.42 2.31 3.16 8.42 2.76
Debt to NOPAT
6.85 8.78 4.53 5.23 5.83 4.38 8.66 5.08 5.41 4.84
Net Debt to NOPAT
6.27 8.23 3.94 4.66 2.70 3.54 6.73 4.31 4.41 3.70
Long-Term Debt to NOPAT
6.56 8.54 3.98 4.32 5.83 3.88 6.68 4.50 5.41 4.84
Altman Z-Score
2.21 1.62 2.21 2.47 2.24 2.26 1.61 1.58 1.38 1.74
Noncontrolling Interest Sharing Ratio
0.15% 0.21% 0.26% 0.14% 0.02% 0.00% 0.00% 0.00% 0.00% 0.01%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.99 1.01 0.97 0.94 1.56 1.01 0.97 1.05 1.12 1.12
Quick Ratio
0.23 0.17 0.15 0.15 0.71 0.25 0.18 0.18 0.26 0.28
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
2,131 -8,571 1,938 -1,490 323 825 1,470 -255 -289 514
Operating Cash Flow to CapEx
936.72% 1,073.42% 1,122.37% 664.42% 665.96% 758.27% 926.13% -631.25% 579.10% 546.62%
Free Cash Flow to Firm to Interest Expense
5.15 -30.18 15.02 -11.92 3.20 6.66 9.80 -1.78 -2.14 4.63
Operating Cash Flow to Interest Expense
4.68 5.97 13.22 8.66 12.40 7.77 6.85 -6.36 5.75 6.55
Operating Cash Flow Less CapEx to Interest Expense
4.18 5.42 12.05 7.36 10.53 6.74 6.11 -7.36 4.76 5.35
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.24 0.23 0.30 0.31 0.35 0.29 0.28 0.27 0.28 0.28
Accounts Receivable Turnover
7.59 7.55 9.84 10.20 11.39 10.57 11.56 10.06 9.94 9.65
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
12.66 10.95 11.96 11.96 13.10 11.21 11.02 10.36 10.81 11.07
Accounts Payable Turnover
13.56 12.58 19.71 18.91 16.85 9.96 9.34 8.73 8.58 7.57
Days Sales Outstanding (DSO)
48.12 48.33 37.08 35.78 32.06 34.55 31.58 36.29 36.71 37.81
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
26.92 29.02 18.52 19.30 21.66 36.65 39.08 41.80 42.56 48.23
Cash Conversion Cycle (CCC)
21.20 19.31 18.57 16.48 10.40 -2.10 -7.51 -5.51 -5.85 -10.42
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
19,873 20,620 10,858 11,605 9,000 8,373 8,426 9,453 8,370 7,415
Invested Capital Turnover
0.37 0.39 0.55 0.57 0.65 0.51 0.48 0.44 0.47 0.46
Increase / (Decrease) in Invested Capital
-747 9,762 -747 2,605 627 -53 -1,027 1,083 955 -26
Enterprise Value (EV)
53,117 42,882 33,943 39,175 23,374 19,236 15,307 15,078 12,773 10,127
Market Capitalization
44,435 33,078 29,236 33,965 20,807 16,502 12,330 11,505 9,833 8,321
Book Value per Share
$19.46 $18.74 $12.51 $38.21 $39.22 $34.40 $33.23 $35.37 $32.87 $34.15
Tangible Book Value per Share
($16.84) ($18.62) ($9.23) ($29.04) ($16.29) ($18.16) ($19.60) ($19.09) ($16.29) ($10.62)
Total Capital
20,680 21,281 11,563 12,235 11,977 9,026 9,280 10,087 9,033 7,973
Total Debt
9,480 10,454 5,399 5,830 5,541 3,387 3,831 4,207 3,603 2,364
Total Long-Term Debt
9,081 10,163 4,735 4,812 5,541 2,996 2,956 3,727 3,603 2,364
Net Debt
8,673 9,793 4,694 5,200 2,564 2,734 2,977 3,573 2,940 1,806
Capital Expenditures (CapEx)
207 158 152 163 188 127 111 144 134 133
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-524 -299 -272 -61 -241 -199 -179 122 -185 -218
Debt-free Net Working Capital (DFNWC)
283 362 433 569 2,736 454 675 756 478 340
Net Working Capital (NWC)
-116 71 -231 -449 2,736 63 -200 276 478 340
Net Nonoperating Expense (NNE)
269 134 68 -72 17 -1.52 -15 99 560 61
Net Nonoperating Obligations (NNO)
8,673 9,793 4,694 5,200 2,564 2,734 2,977 3,573 2,940 1,806
Total Depreciation and Amortization (D&A)
613 323 258 278 202 190 210 188 170 138
Debt-free, Cash-free Net Working Capital to Revenue
-7.08% -4.93% -4.37% -1.04% -4.28% -4.67% -4.19% 3.09% -4.99% -6.41%
Debt-free Net Working Capital to Revenue
3.82% 5.97% 6.95% 9.67% 48.64% 10.66% 15.78% 19.15% 12.91% 9.99%
Net Working Capital to Revenue
-1.57% 1.17% -3.71% -7.63% 48.64% 1.48% -4.68% 6.99% 12.91% 9.99%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.94 $2.10 $2.28 $2.38 $1.89 $1.56 $0.92 $1.47 $0.22 $0.85
Adjusted Weighted Average Basic Shares Outstanding
575.15M 575.21M 489.00M 493.24M 494.39M 495.04M 496.26M 499.68M 500.24M 491.66M
Adjusted Diluted Earnings per Share
$1.93 $2.08 $2.26 $2.35 $1.86 $1.54 $0.91 $1.44 $0.21 $0.83
Adjusted Weighted Average Diluted Shares Outstanding
575.15M 575.21M 489.00M 493.24M 494.39M 495.04M 496.26M 499.68M 500.24M 491.66M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
575.15M 575.21M 489.00M 493.24M 494.39M 495.04M 496.26M 499.68M 500.24M 491.66M
Normalized Net Operating Profit after Tax (NOPAT)
1,500 1,363 1,265 1,206 1,012 825 734 865 760 611
Normalized NOPAT Margin
20.27% 22.47% 20.31% 20.50% 18.00% 19.37% 17.17% 21.92% 20.51% 17.97%
Pre Tax Income Margin
19.58% 23.10% 23.69% 26.06% 21.55% 23.93% 24.88% 22.09% 3.59% 18.51%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
4.39 5.55 12.14 12.85 12.27 8.46 7.12 6.94 1.91 6.49
NOPAT to Interest Expense
3.34 4.19 9.23 8.92 9.41 6.23 2.95 5.79 4.94 4.40
EBIT Less CapEx to Interest Expense
3.89 5.00 10.96 11.54 10.41 7.44 6.38 5.94 0.92 5.29
NOPAT Less CapEx to Interest Expense
2.84 3.64 8.05 7.62 7.54 5.21 2.21 4.79 3.94 3.20
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
48.52% 41.72% 34.11% 29.49% 34.30% 39.41% 61.14% 33.33% 188.68% 34.89%
Augmented Payout Ratio
61.52% 67.17% 61.53% 68.91% 58.09% 65.25% 147.16% 61.18% 283.02% 123.19%

Quarterly Metrics And Ratios for Nasdaq

This table displays calculated financial ratios and metrics derived from Nasdaq's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
24.85% 23.38% 31.08% 25.05% 9.20% 4.11% -6.81% -7.67% -0.13% 7.91% 14.74%
EBITDA Growth
24.03% 40.46% 21.17% 33.33% 17.67% 18.72% 6.21% -9.07% 3.22% -12.31% 0.65%
EBIT Growth
32.85% 46.78% 3.94% 15.69% -0.24% 4.08% 6.93% -10.48% 3.26% -10.21% 1.51%
NOPAT Growth
44.60% 67.86% 18.44% -9.01% -2.23% -4.07% 5.80% -5.01% 2.19% -9.06% 10.84%
Net Income Growth
69.53% 82.05% 3.74% -16.85% -22.59% -18.41% 0.00% -13.03% 6.36% -8.08% 2.08%
EPS Growth
70.00% 82.35% -11.67% -29.63% -34.43% -30.61% 1.69% -12.90% 7.02% -68.99% 5.36%
Operating Cash Flow Growth
25.09% 69.06% -18.67% 11.11% -6.19% -15.59% 29.31% 10.40% -6.61% 28.65% 0.00%
Free Cash Flow Firm Growth
107.53% 112.24% -337.86% -1,420.91% -1,215.30% -1,045.64% 400.58% -36.24% 155.08% 143.36% 148.05%
Invested Capital Growth
-1.26% -3.62% 343.15% 90.96% 89.72% 89.91% -57.22% -3.67% -4.63% -6.44% -8.41%
Revenue Q/Q Growth
2.85% 6.83% 6.14% 7.05% 1.64% 13.51% 1.26% -6.52% -3.10% 1.61% 0.32%
EBITDA Q/Q Growth
3.69% 12.65% 2.21% 3.89% 17.43% -2.82% 12.47% -8.32% 18.47% -13.06% -3.71%
EBIT Q/Q Growth
4.20% 16.70% 3.22% 5.84% 15.13% -17.36% 14.89% -8.74% 20.12% -15.10% -3.81%
NOPAT Q/Q Growth
6.14% 8.68% 39.38% -10.06% 23.21% -23.32% 7.08% -3.36% 20.89% -15.43% -3.86%
Net Income Q/Q Growth
11.27% 16.39% 37.39% -4.72% 19.49% -33.67% 10.11% -11.30% 25.94% -18.71% -4.23%
EPS Q/Q Growth
9.68% 16.98% 39.47% -5.00% 17.65% -43.33% 11.11% -11.48% 24.49% -16.95% -4.84%
Operating Cash Flow Q/Q Growth
-5.96% 188.93% -46.96% -13.21% 27.10% 39.00% -27.54% -26.73% 14.37% 112.93% -38.13%
Free Cash Flow Firm Q/Q Growth
-40.15% 107.54% -66.07% -0.39% 2.68% -246.61% 822.20% -15.24% -17.48% -22.39% 17.46%
Invested Capital Q/Q Growth
0.50% -2.72% 1.68% -0.67% -1.91% 347.29% -56.18% -1.31% -1.81% 0.77% -1.35%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
43.45% 44.44% 42.80% 46.37% 46.42% 49.24% 46.86% 46.34% 42.92% 41.34% 41.17%
EBITDA Margin
33.59% 33.32% 31.60% 32.81% 33.81% 29.27% 34.18% 30.77% 31.38% 25.66% 29.99%
Operating Margin
26.17% 25.44% 23.55% 23.60% 24.49% 21.43% 29.70% 26.66% 26.88% 22.06% 25.56%
EBIT Margin
26.12% 25.79% 23.61% 24.27% 24.55% 21.68% 29.77% 26.24% 26.88% 21.68% 25.95%
Profit (Net Income) Margin
18.90% 17.47% 16.04% 12.39% 13.92% 11.84% 20.26% 18.63% 19.63% 15.11% 18.88%
Tax Burden Percent
80.94% 80.68% 85.67% 65.10% 74.68% 70.40% 75.19% 79.23% 76.01% 74.22% 76.96%
Interest Burden Percent
89.38% 83.97% 79.29% 78.39% 75.91% 77.59% 90.51% 89.63% 96.12% 93.88% 94.55%
Effective Tax Rate
19.06% 19.32% 14.33% 34.90% 25.32% 29.60% 24.81% 20.77% 23.99% 25.78% 23.04%
Return on Invested Capital (ROIC)
8.24% 7.50% 11.31% 6.59% 7.35% 5.81% 17.42% 12.03% 11.64% 9.08% 10.67%
ROIC Less NNEP Spread (ROIC-NNEP)
7.70% 6.83% 9.20% 5.80% 6.30% 5.07% 15.43% 11.26% 11.39% 8.67% 10.43%
Return on Net Nonoperating Assets (RNNOA)
6.14% 5.73% 3.92% 4.55% 5.14% 4.33% 3.77% 8.70% 9.00% 6.83% 8.78%
Return on Equity (ROE)
14.37% 13.23% 15.23% 11.14% 12.49% 10.14% 21.19% 20.73% 20.64% 15.90% 19.44%
Cash Return on Invested Capital (CROIC)
8.83% 10.52% -116.66% -54.98% -54.27% -54.46% 95.72% 14.75% 15.70% 17.25% 19.57%
Operating Return on Assets (OROA)
6.70% 6.09% 6.03% 5.70% 5.97% 4.95% 7.55% 6.64% 8.04% 6.59% 7.67%
Return on Assets (ROA)
4.85% 4.12% 4.10% 2.91% 3.38% 2.70% 5.14% 4.71% 5.88% 4.59% 5.58%
Return on Common Equity (ROCE)
14.35% 13.21% 15.20% 11.12% 12.47% 10.12% 21.14% 20.68% 20.60% 15.86% 19.40%
Return on Equity Simple (ROE_SIMPLE)
11.06% 0.00% 8.63% 8.66% 9.15% 0.00% 17.02% 17.66% 18.50% 0.00% 19.47%
Net Operating Profit after Tax (NOPAT)
443 417 384 275 306 249 324 303 313 259 306
NOPAT Margin
21.18% 20.53% 20.18% 15.37% 18.29% 15.09% 22.33% 21.12% 20.43% 16.37% 19.67%
Net Nonoperating Expense Percent (NNEP)
0.54% 0.67% 2.11% 0.79% 1.05% 0.74% 1.99% 0.76% 0.25% 0.41% 0.24%
Return On Investment Capital (ROIC_SIMPLE)
2.12% 2.02% - - - 1.17% - - - 2.24% -
Cost of Revenue to Revenue
56.56% 55.56% 57.20% 53.63% 53.58% 50.76% 53.14% 53.66% 57.08% 58.66% 58.83%
SG&A Expenses to Revenue
5.69% 6.99% 6.99% 7.70% 7.71% 9.17% 7.93% 7.54% 6.52% 8.28% 7.84%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
17.27% 19.00% 19.24% 22.77% 21.92% 27.81% 17.16% 19.68% 16.05% 19.28% 15.61%
Earnings before Interest and Taxes (EBIT)
546 524 449 435 411 357 432 376 412 343 404
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
702 677 601 588 566 482 496 441 481 406 467
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.78 3.97 3.80 3.19 3.37 3.06 3.64 3.86 4.27 4.76 4.64
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
5.58 6.00 5.99 5.29 5.87 5.45 3.92 3.94 4.23 4.70 4.45
Price to Earnings (P/E)
34.14 39.78 43.89 36.73 36.74 31.23 21.32 21.83 23.01 25.99 23.76
Dividend Yield
1.27% 1.22% 1.26% 1.49% 1.39% 1.50% 1.75% 1.67% 1.49% 1.31% 1.37%
Earnings Yield
2.93% 2.51% 2.28% 2.72% 2.72% 3.20% 4.69% 4.58% 4.35% 3.85% 4.21%
Enterprise Value to Invested Capital (EV/IC)
2.61 2.67 2.52 2.19 2.27 2.08 4.70 2.70 2.89 3.13 2.98
Enterprise Value to Revenue (EV/Rev)
6.66 7.18 7.33 6.69 7.38 7.07 3.61 4.65 4.95 5.45 5.26
Enterprise Value to EBITDA (EV/EBITDA)
20.27 21.84 22.98 20.61 23.08 22.57 11.88 15.80 16.75 18.61 17.07
Enterprise Value to EBIT (EV/EBIT)
26.64 29.20 31.12 26.87 29.08 27.19 13.86 18.48 19.50 21.67 20.01
Enterprise Value to NOPAT (EV/NOPAT)
34.23 38.39 42.36 38.02 38.72 36.02 18.07 24.02 25.72 28.51 26.41
Enterprise Value to Operating Cash Flow (EV/OCF)
25.12 27.39 31.14 25.74 27.59 25.28 12.22 16.63 18.49 19.90 20.12
Enterprise Value to Free Cash Flow (EV/FCFF)
29.33 24.93 0.00 0.00 0.00 0.00 2.94 17.93 17.96 17.52 14.56
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.81 0.85 0.89 0.90 0.92 0.97 1.50 1.59 0.83 0.88 0.91
Long-Term Debt to Equity
0.77 0.81 0.84 0.85 0.90 0.94 1.50 1.57 0.77 0.77 0.78
Financial Leverage
0.80 0.84 0.43 0.78 0.82 0.85 0.24 0.77 0.79 0.79 0.84
Leverage Ratio
2.72 2.85 3.13 3.26 3.00 3.13 3.83 3.99 3.41 3.26 3.38
Compound Leverage Factor
2.43 2.39 2.48 2.55 2.28 2.43 3.46 3.57 3.28 3.06 3.19
Debt to Total Capital
44.66% 45.84% 47.08% 47.32% 48.01% 49.12% 59.96% 61.39% 45.26% 46.69% 47.73%
Short-Term Debt to Total Capital
1.92% 1.93% 2.38% 2.65% 1.08% 1.37% 0.00% 0.87% 3.07% 5.74% 7.10%
Long-Term Debt to Total Capital
42.75% 43.91% 44.70% 44.67% 46.93% 47.76% 59.96% 60.52% 42.19% 40.95% 40.63%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.07% 0.07% 0.11% 0.11% 0.08%
Common Equity to Total Capital
55.27% 54.09% 52.85% 52.61% 51.92% 50.80% 39.96% 38.51% 54.59% 53.15% 52.15%
Debt to EBITDA
3.63 3.90 4.41 4.60 5.03 5.50 5.32 5.53 2.78 2.96 2.86
Net Debt to EBITDA
3.28 3.57 4.18 4.31 4.74 5.15 -1.02 2.38 2.44 2.57 2.60
Long-Term Debt to EBITDA
3.48 3.73 4.18 4.34 4.92 5.35 5.32 5.46 2.59 2.60 2.43
Debt to NOPAT
6.13 6.85 8.12 8.48 8.44 8.78 8.10 8.41 4.27 4.53 4.42
Net Debt to NOPAT
5.54 6.27 7.70 7.95 7.95 8.23 -1.56 3.62 3.74 3.94 4.02
Long-Term Debt to NOPAT
5.87 6.56 7.71 8.00 8.25 8.54 8.10 8.29 3.98 3.98 3.76
Altman Z-Score
2.07 2.07 1.93 1.70 1.74 1.49 1.80 1.68 1.94 2.02 1.69
Noncontrolling Interest Sharing Ratio
0.14% 0.15% 0.15% 0.19% 0.19% 0.21% 0.21% 0.21% 0.21% 0.26% 0.20%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.98 0.99 0.95 0.94 0.99 1.01 1.75 1.60 0.98 0.97 0.96
Quick Ratio
0.24 0.23 0.18 0.20 0.20 0.17 0.88 0.73 0.14 0.15 0.09
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
697 1,164 -15,435 -9,295 -9,259 -9,513 6,489 704 830 1,006 1,296
Operating Cash Flow to CapEx
1,353.06% 1,175.00% 435.71% 884.62% 1,358.97% 992.86% 810.81% 1,061.54% 1,412.50% 1,452.94% 565.85%
Free Cash Flow to Firm to Interest Expense
7.26 11.41 -151.33 -91.12 -85.73 -85.71 64.25 19.55 23.06 30.49 40.51
Operating Cash Flow to Interest Expense
6.91 6.91 2.39 4.51 4.91 3.76 2.97 11.50 15.69 14.97 7.25
Operating Cash Flow Less CapEx to Interest Expense
6.40 6.32 1.84 4.00 4.55 3.38 2.60 10.42 14.58 13.94 5.97
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.26 0.24 0.26 0.24 0.24 0.23 0.25 0.25 0.30 0.30 0.30
Accounts Receivable Turnover
8.18 7.59 9.12 8.43 7.80 7.55 9.73 9.78 9.67 9.84 10.27
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
13.07 12.66 12.46 12.02 11.24 10.95 11.32 11.63 11.97 11.96 12.06
Accounts Payable Turnover
16.74 13.56 13.15 13.86 14.58 12.58 14.08 18.65 19.65 19.71 23.88
Days Sales Outstanding (DSO)
44.62 48.12 40.04 43.29 46.79 48.33 37.51 37.34 37.74 37.08 35.54
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
21.81 26.92 27.75 26.33 25.04 29.02 25.93 19.57 18.58 18.52 15.29
Cash Conversion Cycle (CCC)
22.81 21.20 12.29 16.95 21.76 19.31 11.58 17.77 19.16 18.57 20.26
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
19,972 19,873 20,429 20,091 20,226 20,620 4,610 10,521 10,661 10,858 10,775
Invested Capital Turnover
0.39 0.37 0.56 0.43 0.40 0.39 0.78 0.57 0.57 0.55 0.54
Increase / (Decrease) in Invested Capital
-254 -747 15,819 9,570 9,565 9,762 -6,165 -401 -517 -747 -990
Enterprise Value (EV)
52,057 53,117 51,406 43,935 45,823 42,882 21,660 28,362 30,797 33,943 32,108
Market Capitalization
43,631 44,435 42,049 34,742 36,406 33,078 23,517 24,076 26,303 29,236 27,208
Book Value per Share
$20.06 $19.46 $19.21 $18.89 $18.74 $18.74 $13.16 $12.69 $12.60 $12.51 $35.85
Tangible Book Value per Share
($16.46) ($16.84) ($17.66) ($17.80) ($18.15) ($18.62) ($8.07) ($8.72) ($9.17) ($9.23) ($28.45)
Total Capital
20,881 20,680 20,939 20,705 20,808 21,281 16,182 16,179 11,288 11,563 11,256
Total Debt
9,326 9,480 9,858 9,797 9,989 10,454 9,703 9,932 5,109 5,399 5,372
Total Long-Term Debt
8,926 9,081 9,359 9,249 9,765 10,163 9,703 9,792 4,762 4,735 4,573
Net Debt
8,417 8,673 9,348 9,183 9,407 9,793 -1,869 4,274 4,482 4,694 4,891
Capital Expenditures (CapEx)
49 60 56 52 39 42 37 39 40 34 41
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-662 -524 -386 -548 -430 -299 -6,269 -451 -444 -272 -166
Debt-free Net Working Capital (DFNWC)
247 283 124 66 152 362 5,303 5,207 183 433 315
Net Working Capital (NWC)
-153 -116 -375 -482 -72 71 5,303 5,067 -164 -231 -484
Net Nonoperating Expense (NNE)
48 62 79 53 73 54 30 36 12 20 12
Net Nonoperating Obligations (NNO)
8,417 8,673 9,348 9,183 9,407 9,793 -1,869 4,274 4,482 4,694 4,891
Total Depreciation and Amortization (D&A)
156 153 152 153 155 125 64 65 69 63 63
Debt-free, Cash-free Net Working Capital to Revenue
-8.47% -7.08% -5.50% -8.35% -6.93% -4.93% -104.50% -7.39% -7.13% -4.37% -2.72%
Debt-free Net Working Capital to Revenue
3.16% 3.82% 1.77% 1.01% 2.45% 5.97% 88.40% 85.29% 2.94% 6.95% 5.16%
Net Working Capital to Revenue
-1.96% -1.57% -5.35% -7.34% -1.16% 1.17% 88.40% 83.00% -2.64% -3.71% -7.92%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.69 $0.61 $0.53 $0.39 $0.41 $0.34 $0.60 $0.54 $0.62 $0.49 $0.60
Adjusted Weighted Average Basic Shares Outstanding
574.12M 575.15M 574.76M 575.94M 576.53M 575.21M 576.96M 491.32M 490.77M 489.00M 491.28M
Adjusted Diluted Earnings per Share
$0.68 $0.62 $0.53 $0.38 $0.40 $0.34 $0.60 $0.54 $0.61 $0.49 $0.59
Adjusted Weighted Average Diluted Shares Outstanding
574.12M 575.15M 574.76M 575.94M 576.53M 575.21M 576.96M 491.32M 490.77M 489.00M 491.28M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.34 $0.00 $0.00 $0.00 $0.49 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
574.12M 575.15M 574.76M 575.94M 576.53M 575.21M 576.96M 491.32M 490.77M 489.00M 491.28M
Normalized Net Operating Profit after Tax (NOPAT)
466 436 411 314 332 339 340 349 328 301 317
Normalized NOPAT Margin
22.31% 21.48% 21.62% 17.55% 19.85% 20.56% 23.42% 24.38% 21.42% 19.00% 20.37%
Pre Tax Income Margin
23.35% 21.65% 18.72% 19.03% 18.64% 16.82% 26.95% 23.52% 25.83% 20.35% 24.53%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
5.69 5.14 4.40 4.26 3.81 3.22 4.28 10.44 11.44 10.39 12.63
NOPAT to Interest Expense
4.61 4.09 3.76 2.70 2.84 2.24 3.21 8.41 8.70 7.85 9.57
EBIT Less CapEx to Interest Expense
5.18 4.55 3.85 3.75 3.44 2.84 3.91 9.36 10.33 9.36 11.34
NOPAT Less CapEx to Interest Expense
4.10 3.50 3.21 2.19 2.47 1.86 2.84 7.32 7.59 6.82 8.29
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
43.23% 48.52% 55.50% 52.97% 47.52% 41.72% 37.42% 36.60% 34.36% 34.11% 32.78%
Augmented Payout Ratio
63.59% 61.52% 82.20% 70.76% 58.65% 67.17% 22.34% 21.53% 34.36% 61.53% 51.66%

Frequently Asked Questions About Nasdaq's Financials

When does Nasdaq's fiscal year end?

According to the most recent income statement we have on file, Nasdaq's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Nasdaq's net income changed over the last 9 years?

Nasdaq's net income appears to be on an upward trend, with a most recent value of $1.12 billion in 2024, rising from $427 million in 2015. The previous period was $1.06 billion in 2023. Find out what analysts predict for Nasdaq in the coming months.

What is Nasdaq's operating income?
Nasdaq's total operating income in 2024 was $1.80 billion, based on the following breakdown:
  • Total Gross Profit: $3.33 billion
  • Total Operating Expenses: $1.53 billion
How has Nasdaq revenue changed over the last 9 years?

Over the last 9 years, Nasdaq's total revenue changed from $3.40 billion in 2015 to $7.40 billion in 2024, a change of 117.5%.

How much debt does Nasdaq have?

Nasdaq's total liabilities were at $19.20 billion at the end of 2024, a 10.6% decrease from 2023, and a 207.0% increase since 2015.

How much cash does Nasdaq have?

In the past 9 years, Nasdaq's cash and equivalents has ranged from $301 million in 2015 to $2.75 billion in 2020, and is currently $592 million as of their latest financial filing in 2024.

How has Nasdaq's book value per share changed over the last 9 years?

Over the last 9 years, Nasdaq's book value per share changed from 34.15 in 2015 to 19.46 in 2024, a change of -43.0%.



This page (NASDAQ:NDAQ) was last updated on 5/29/2025 by MarketBeat.com Staff
From Our Partners