Nasdaq Financial Ratios
NASDAQ: NDAQFinanceInvestment Bankers/Brokers/ServiceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Nasdaq ratio analysis
Nasdaq earned a net margin of 21.6% in FY 2025, up from 15.1% a year earlier. Gross margin was 63.5% compared with a median of 59.5% over the prior 9 years. Return on equity reached 14.6%, meaning Nasdaq generated 0.15 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.74 versus 0.85 the year before, and the current ratio was 1.01. At the end of FY 2025, NDAQ traded at 31.3 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 6.0 to 40.5, with a median of 27.5. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Nasdaq financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 31.28 | 40.53 | 27.95 | 27.15 | 29.79 | 23.79 | 7.80 | 10.01 | 5.96 | 35.51 |
| Price / sales | 6.71 | 6.08 | 4.84 | 4.85 | 5.92 | 3.88 | 1.40 | 1.06 | 1.08 | 1.00 |
| Price / book | 4.53 | 4.02 | 2.71 | 4.91 | 5.45 | 3.39 | 1.06 | 0.83 | 0.72 | 0.68 |
| Gross margin | 63.5% | 62.8% | 64.2% | 57.5% | 58.1% | 51.6% | 59.5% | 59.1% | 61.1% | 61.4% |
| Operating margin | 28.2% | 24.3% | 26.0% | 25.1% | 24.5% | 21.9% | 23.9% | 24.0% | 25.1% | 22.6% |
| Net margin | 21.6% | 15.1% | 17.5% | 18.1% | 20.2% | 16.6% | 18.2% | 10.7% | 18.5% | 2.9% |
| Free cash flow margin | 24.1% | 23.4% | 25.4% | 25.0% | 15.6% | 18.9% | 19.6% | 21.4% | 19.4% | 17.3% |
| Return on equity (ROE) | 14.6% | 10.0% | 9.8% | 18.3% | 18.6% | 14.5% | 13.7% | 8.4% | 12.4% | 2.0% |
| Return on assets (ROA) | 5.8% | 3.7% | 3.3% | 5.4% | 5.9% | 5.2% | 5.6% | 2.9% | 4.7% | 0.8% |
| Debt / equity | 0.74 | 0.85 | 0.97 | 0.88 | 0.91 | 0.86 | 0.60 | 0.70 | 0.72 | 0.66 |
| Current ratio | 1.01 | 0.99 | 1.01 | 0.97 | 0.94 | 1.56 | 1.01 | 0.97 | 1.05 | 1.12 |
| Revenue growth | 11.6% | 22.0% | -2.6% | 5.8% | 4.6% | 32.1% | -0.4% | 8.3% | 6.6% | 8.8% |
| EPS growth | 60.1% | -7.2% | -8.0% | -3.8% | 26.3% | -59.8% | 69.6% | -36.5% | 582.5% | -74.8% |