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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

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.

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.

New York City, NY
9,377 employees
Financial Services / Financial - Data & Stock Exchanges
Sector
Financial Services
Industry
Financial - Data & Stock Exchanges
CEO
Adena T. Friedman