The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

NDAQ

Concerning the House

Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally. It operates through three segments: Capital Access Platforms, Financial Technology, and Market Services. The company distributes historical and real-time market data; develops and licenses Nasdaq-branded indices and financial products; provides investor relations intelligence, governance solutions, and sustainability solution products for public and private companies, and organizations, as well as insights and workflow solutions; and operates listing platforms. It also offers Verafin, a cloud-based platform to detect, investigate, and report money laundering and financial frauds; AxiomSL, a risk data management and regulatory reporting solution; cloud-enabled and on-premises surveillance solutions to assist in complying with market rules, regulations, and internal market surveillance policies; Calypso, a platform providing cross-asset, front-to-back trading, treasury, risk, and collateral management solutions; and trade management and colocation services, as well as handles assets comprising cash equities, equity derivatives, currencies, various interest-bearing securities, commodities, energy products, and digital currencies. In addition, the company provides equity derivative trading and clearing, cash equity trading and fixed income, currency and commodities trading, and fixed income trading and clearing services, as well as tape plan data services; operates various exchanges, including derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and offers clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.

United States · www.nasdaq.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$8.26B+6.5%
Gross profit$5.25B+8.9%
Operating income$2.33B+9.1%
Net income$1.79B+10.6%
Cash from ops$2.25B+23.8%
Quotation

$97.59

+1.93 (+2.0%)

52w hi$100.30
52w lo$76.85
Vol2.02M
As ofAug 13
The Verdict

Hold

Our score +0.01

Short-0.11
Medium+0.06
Long+0.14

computed 2026-08-13

By the Numbers

Nasdaq, Inc.

Financial Services · Financial Data & Stock Exchanges

Market cap$54.55B
Enterprise value$62.24B
Trailing P/E28.45x
Forward P/E20.88x
EV / EBITDA18.56x
P / S (ttm)9.72x
Profit margin35.0%
Return on equity16.5%
Revenue growth+14.9%
Earnings growth+14.1%
Debt / equity77.69
Risk Metrics
Beta vs SPX0.83
Corr SPX0.53
Annual vol25.2%
Annual ret+21.2%
Sharpe0.84
Max DD-23.9%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.23
Sector+0.09
Technical-0.02
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$96.51$97.73$95.29$97.592.02M
Aug 12$94.26$96.09$94.05$95.661.89M
Aug 11$95.43$96.00$94.93$95.022.09M
Aug 10$94.60$96.74$94.43$95.622.66M
Aug 7$94.51$96.05$94.26$94.592.14M