Nasdaq, Inc. (NDAQ) Enterprise Value (EV): $54.94B
The enterprise value (EV) for Nasdaq, Inc. (NDAQ) is $54.94B as of Thursday, June 18, 2026.
NDAQ Enterprise Value (EV) Metrics
ENTERPRISE VALUE (EV)
$54.94B
NDAQ Competitors' Enterprise Value (EV)
| NAME | MARKET CAP | ENTERPRISE VALUE (EV) |
|---|---|---|
| Nasdaq, Inc. (NDAQ) | $46.28B | $54.94B |
| State Street Corporation (STT)vs › | $47.70B | N/A |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $44.63B | N/A |
| MSCI Inc. (MSCI)vs › | $43.45B | $50.09B |
| Coinbase Global, Inc. (COIN)vs › | $43.45B | $55.36B |
| Ares Management Corporation (ARES)vs › | $42.48B | $65.89B |
| Ameriprise Financial, Inc. (AMP)vs › | $42.31B | $42.24B |
| Discover Financial Services (DFS)vs › | $50.34B | $51.26B |
| American International Group, Inc. (AIG)vs › | $39.64B | $56.26B |
| MetLife, Inc. (MET)vs › | $55.24B | $50.64B |
Enterprise Value Calculation
Market Cap
$46.28B
Total Debt
$9.47B
Cash
$814.00M
Enterprise Value
$54.94B
EV-Based Valuation Multiples
EV/EBITDA
Not meaningful
EV/Sales
Not meaningful
EV/FCF
Not meaningful
Why use EV instead of Market Cap?
- EV accounts for debt - an acquirer must pay or assume it
- EV deducts cash - the acquirer effectively receives it
- EV enables fair comparison of companies with different capital structures
- EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral
Nasdaq, Inc. Enterprise Value (EV) Formula & Definition
Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Nasdaq, Inc. Enterprise Value (EV) FAQ
- What is the enterprise value (EV) for Nasdaq, Inc. (NDAQ)?
- The enterprise value (EV) for NDAQ stock is $54.94B.
Related Metrics
About Nasdaq, Inc.
Nasdaq, Inc., a technology powerhouse founded in 1971 and based in New York City, is dedicated to supporting capital markets and various other sectors worldwide. Its Market Technology division specializes in fighting financial crime, offering products like Nasdaq Trade Surveillance, a SaaS solution that assists brokers and market participants in meeting compliance requirements and internal surveillance policies. This segment also provides Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool, and Verafin, a SaaS provider for anti-financial crime management. Furthermore, this division handles a wide array of assets, including cash equities, equity derivatives, global currencies, interest-bearing securities, commodities, energy resources, and digital currencies. The Investment Intelligence segment is responsible for distributing both historical and live market data, creating and licensing Nasdaq-branded financial indexes and products, and delivering valuable investment insights and workflow solutions. Through its Corporate Platforms, Nasdaq manages operational listing venues and furnishes specialized intelligence for investor relations, alongside comprehensive governance services. The Market Services segment covers a broad spectrum of operations, including the trading and clearing of equity derivatives, cash equities, fixed income, and commodities, in addition to providing trade management services. This division operates numerous exchanges and marketplace facilities that accommodate diverse asset classes such as derivatives, commodities, cash equity, debt, structured products, and exchange-traded products, while also offering crucial broker, clearing, settlement, and central depository functionalities. As of December 31, 2021, The Nasdaq Stock Market proudly listed 4,178 companies, specifically 1,632 on The Nasdaq Global Select Market, 1,169 on The Nasdaq Global Market, and 1,377 on The Nasdaq Capital Market. The company adopted its current name, Nasdaq, Inc., in September 2015, having previously been known as The NASDAQ OMX Group, Inc.
- Sector
- Financial Services
- Industry
- Financial - Data & Stock Exchanges
- CEO
- Adena T. Friedman