Nasdaq, Inc. (NDAQ) Free Cash Flow CAGR:8.03%(TTM)
Free cash flow CAGR uses precomputed cash-flow statement history.
Over longer horizons, Nasdaq, Inc.'s Free Cash Flow CAGR averages 9.92% over 3 years and 13.54% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Free cash flow CAGR measures how Nasdaq, Inc.'s cash generation has grown. FCF represents the cash available for dividends, buybacks, debt reduction, or reinvestment.
NDAQ Free Cash Flow CAGR Chart
Nasdaq, Inc. (NDAQ)
NDAQ Quarterly Free Cash Flow Growth (YoY)
Free Cash Flow growth vs the same quarter one year earlier, last 20 quarters.
NDAQ Free Cash Flow CAGR History
| Year | Start FCF | End FCF | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $1.73B | $1.99B | +$257.00M | +14.84% | +14.84% |
| 2024 | $1.54B | $1.73B | +$194.00M | +12.61% | +12.61% |
| 2023 | $1.55B | $1.54B | $-16.00M | -1.03% | -1.03% |
| 2022 | $920.00M | $1.55B | +$634.00M | +68.91% | +68.91% |
| 2021 | $1.06B | $920.00M | $-144.00M | -13.53% | -13.53% |
| 2020 | $836.00M | $1.06B | +$228.00M | +27.27% | +27.27% |
| 2019 | $917.00M | $836.00M | $-81.00M | -8.83% | -8.83% |
| 2018 | $765.00M | $917.00M | +$152.00M | +19.87% | +19.87% |
| 2017 | $588.00M | $765.00M | +$177.00M | +30.10% | +30.10% |
| 2016 | $552.00M | $588.00M | +$36.00M | +6.52% | +6.52% |
| 2015 | $547.00M | $552.00M | +$5.00M | +0.91% | +0.91% |
| 2014 | $459.00M | $547.00M | +$88.00M | +19.17% | +19.17% |
| 2013 | $507.00M | $459.00M | $-48.00M | -9.47% | -9.47% |
| 2012 | $581.00M | $507.00M | $-74.00M | -12.74% | -12.74% |
| 2011 | $398.00M | $581.00M | +$183.00M | +45.98% | +45.98% |
| 2010 | $523.00M | $398.00M | $-125.00M | -23.90% | -23.90% |
| 2009 | $353.01M | $523.00M | +$169.99M | +48.16% | +48.16% |
| 2008 | $154.75M | $353.01M | +$198.26M | +128.12% | +128.12% |
| 2007 | $180.04M | $154.75M | $-25.29M | -14.05% | -14.05% |
| 2006 | $95.50M | $180.04M | +$84.54M | +88.52% | +88.52% |
| 2005 | $91.00M | $95.50M | +$4.50M | +4.95% | +4.95% |
| 2004 | $73.67M | $91.00M | +$17.32M | +23.52% | +23.52% |
| 2003 | $71.75M | $73.67M | +$1.93M | +2.68% | +2.68% |
| 2002 | $-57.52M | $71.75M | +$129.27M | N/A | N/A |
| 2001 | $59.65M | $-57.52M | $-117.18M | -196.43% | N/A |
Quarterly Free Cash Flow: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | $629.00M | +17.4% | +2.4% |
| Q4 2025 | $536.00M | +252.6% | -16.9% |
| Q3 2025 | $152.00M | -77.9% | -19.1% |
| Q2 2025 | $687.00M | +11.9% | +68.4% |
| Q1 2025 | $614.00M | -4.8% | +25.1% |
| Q4 2024 | $645.00M | +243.1% | +72.0% |
| Q3 2024 | $188.00M | -53.9% | -28.5% |
| Q2 2024 | $408.00M | -16.9% | +8.8% |
| Q1 2024 | $491.00M | +30.9% | -6.5% |
| Q4 2023 | $375.00M | +42.6% | -18.5% |
| Q3 2023 | $263.00M | -29.9% | +37.7% |
| Q2 2023 | $375.00M | -28.6% | +12.6% |
| Q1 2023 | $525.00M | +14.1% | -7.9% |
| Q4 2022 | $460.00M | +140.8% | +37.7% |
| Q3 2022 | $191.00M | -42.6% | -4.5% |
| Q2 2022 | $333.00M | -41.6% | +879.4% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
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