OakChart

Nasdaq Inc

NDAQFinancial·Financial Data & Stock Exchanges·USA·Large·NASD·Nov 11 • 12:15 PM ET

110.18+0.16 (0.15%)
2026-11-11 18:15 CET
Market cap
61,057.03 USD m
Revenue, TTM
9,142.00 USD m
Net income, TTM
2,085.00 USD m
Free cash flow, TTM
2,258.00 USD m
EPS diluted, TTM
3.66
P/E
30.11
Compare

Price

NDAQ against its 20, 50 and 200-day averages
2050200beatearnings
80.0090.00100.00110.005.6M11.2MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26NDAQclose 110.1820-day 103.5950-day 97.27200-day 90.98110.1852w low

1.1% under the 52-week high of 111.45 on 5 Nov 2026. 52-week low 76.55 on 30 Jun 2026. Last 15 sessions, 14.4% high to low

Profile

NDAQ
52-week range, 96% of the way up
76.55111.45

Nasdaq, Inc. is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment delivers liquidity, transparency, and integrity to the corporate issuer and investment community by empowering clients to effectively navigate the capital markets, achieve their sustainability goals, and drive governance excellence. The Financial Technology segment offers platforms that improve the liquidity, transparency, and integrity of the global economy by architecting and operating the markets. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income, currency, and commodities trading. The company was founded by Gordon S. Macklin in 1971 and is headquartered in New York, NY.

IndexS&P 500, RUI
Employees9525
IPOJul 01, 2002
Beta0.95
ATR, 14d2.36
Rel volume0.65
Short float2.09%
Insider own21.60%
Inst own76.51%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap61.15B
Enterprise Value70.05B
Income2.08B
Sales9.14B
Book/sh21.49
Cash/sh0.71
Dividend Est.1.20 (1.09%)
Dividend TTM1.16 (1.05%)
Dividend Ex-DateDec 04, 2026
Dividend Gr. 3/5Y10.42% 10.07%
Payout33.98%
Employees9525
IPOJul 01, 2002

Ratios

P/E30.11
Forward P/E23.24
PEG1.47
P/S6.69
P/B5.13
P/C155.59
P/FCF27.08
EV/EBITDA20.19
EV/Sales7.66
Quick Ratio1.00
Current Ratio1.00
Debt/Eq0.77
LT Debt/Eq0.75
Option/ShortYes / Yes

Earnings

EPS (ttm)3.66
EPS next Y4.74
EPS next Q1.07
EPS this Y19.00%
EPS next Y14.51%
EPS next 5Y15.85%
EPS past 3/5Y11.00% 10.65%
Sales past 3/5Y9.89% 7.98%
EPS Y/Y TTM30.40%
Sales Y/Y TTM11.94%
EPS Q/Q31.21%
Sales Q/Q22.22%
EarningsOct 22 BMO
EPS/Sales Surpr.2.32% 0.99%

Ownership

Insider Own21.60%
Insider Trans-0.03%
Inst Own76.51%
Inst Trans-0.85%
ROA7.19%
ROE17.36%
ROIC9.95%
Gross Margin56.05%
Oper. Margin30.77%
Profit Margin22.81%
SMA206.36%
SMA5013.28%
SMA20021.10%
Trades-

Technical

Shs Outstand558.44M
Shs Float435.11M
Short Float2.09%
Short Ratio2.87
Short Interest9.09M
52W High111.45 -1.14%
52W Low76.55 43.93%
Volatility2.77% 2.38%
ATR (14)2.36
RSI (14)70.94
Beta0.95
Rel Volume0.65
Avg Volume3.16M
Volume932,472

Performance

Perf Week0.44%
Perf Month17.86%
Perf Quarter12.90%
Perf Half Y22.14%
Perf YTD13.44%
Perf Year25.45%
Perf 3Y111.44%
Perf 5Y60.30%
Perf 10Y397.50%
Recom1.57
Target Price116.88
Prev Close110.02
Price110.18
Change %0.15%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 30, 2026InitiatedEErste GroupBuy
Oct 02, 2026InitiatedWWells FargoEqual Weight$100-9.2%
Apr 08, 2026ResumedKKeefe BruyetteMkt Perform$92-16.5%
Feb 26, 2026UpgradeTTD CowenHold → Buy$106-3.8%
Nov 20, 2025UpgradeMMorgan StanleyEqual-Weight → Overweight$110-0.2%
Jul 25, 2025UpgradeUUBSNeutral → Buy$115+4.4%
Apr 17, 2025UpgradeRRedburn AtlanticNeutral → Buy$91-17.4%
Apr 08, 2025DowngradeMMorgan StanleyOverweight → Equal-Weight$74-32.8%
Jan 08, 2025UpgradeDDeutsche BankHold → Buy$80 → $98-11.1%
Nov 25, 2024InitiatedWWilliam BlairOutperform

Peers

Mkt cap
TickerCompanyMkt cap
ICEIntercontinental Exchange Inc100.23B
CBOECboe Global Markets Inc38.57B
CMECME Group Inc112.28B
MSCIMSCI Inc47.08B
SPGIS&P Global Inc137.33B
MIAXMiami International Holdings Inc3.66B
FDSFactset Research Systems Inc11.77B
TWTradeweb Markets Inc30.39B
MORNMorningstar Inc9.10B
MKTXMarketAxess Holdings Inc5.82B

Insider trading

latest 14 of 70
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
JEREMY SKULEOfficerNov 10 '26Proposed Sale108.312,250243,698Nov 10 04:02 PM
Tal CohenPres. Market PlatformsNov 04 '26Sale109.402,286250,088200,501Nov 06 04:05 PM
Peterson Bradley JEVP, CIONov 04 '26Sale107.755,000538,750109,306Nov 06 04:05 PM
Tal CohenPres. Market PlatformsNov 03 '26Sale108.052,289247,326202,787Nov 05 04:05 PM
BRADLEY J PETERSONOfficerNov 04 '26Proposed Sale107.755,000538,750Nov 04 04:21 PM
TAL COHENOfficerNov 04 '26Proposed Sale109.402,286250,088Nov 04 04:09 PM
TAL COHENOfficerNov 03 '26Proposed Sale108.052,289247,326Nov 03 04:55 PM
Peterson Bradley JEVP, CIOOct 27 '26Sale104.753,987417,638114,306Oct 29 04:05 PM
BRADLEY J PETERSONOfficerOct 27 '26Proposed Sale104.753,987417,638Oct 27 04:08 PM
Tal CohenPres. Market PlatformsOct 23 '26Sale103.3410,3901,073,703205,076Oct 27 04:05 PM
Peterson Bradley JEVP, CIOOct 23 '26Sale103.384,000413,520118,293Oct 27 04:05 PM
TAL COHENOfficerOct 23 '26Proposed Sale103.3410,3901,073,755Oct 23 04:19 PM
BRADLEY J PETERSONOfficerOct 23 '26Proposed Sale103.384,000413,520Oct 23 04:02 PM
SKULE JEREMYEVP, CSOOct 20 '26Sale95.001,125106,87596,561Oct 22 04:05 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLFState Street Financial Select Sector SPDR ETFAUM: 54.05B
VOEVanguard Morningstar Mid-Cap Value ETFAUM: 24.66B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B
VIGVanguard Dividend Appreciation FTFAUM: 117.07B

News

latest 14 of 206
  • Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date October 30, 2026 (GlobeNewswire)
  • Rate Trading Rose in October and a Fed Governor Leans Toward Backing a December Hike (PR Newswire)
  • The SEC is Pushing for Stock Tokenization. Why Nasdaq Isn't on Board Yet. (Barrons.com)
  • Nasdaq EVP & CFO Sarah Youngwood to Present at Upcoming Investor Conferences (GlobeNewswire)
  • Midterm Results Trigger Record Nasdaq Sell-off, Rattling Chip and AI Funds (The Daily Upside)
  • Loading…
  • Why GM and Hilton Are Moving to the Nasdaq From NYSE (Barrons.com)
  • Nasdaq Reports October 2026 Volumes (GlobeNewswire)
  • Proactive Market-Making: GTS Director Edward Zelles, Live from NYSE (IPO-Edge.com)
  • Chinas AI Bubble Rapidly Loses Air (The Daily Upside)
  • Charming Medical Limited Notified of Anticipated Delisting from The Nasdaq Stock Market (GlobeNewswire)
  • ICE's stock gets a boost from Trade[XYZ] deal, but so do shares of its rivals (MarketWatch)
  • Nasdaq Halts TJGC Group Limited (GlobeNewswire)
  • What GM's Move to the Nasdaq Means for the Stock (Barrons.com)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-221.0401.0160.9601,4811,46717
2026Q22026-07-231.0700.9840.8931,5001,45516
2026Q12026-04-230.9600.9300.9081,4071,37116
2025Q42026-01-290.9600.9220.9001,3921,36715
2025Q32025-10-210.8800.8520.7311,3151,30316
2025Q22025-07-240.8500.8140.7811,3061,27717
2025Q12025-04-240.7900.7710.6811,2371,23117
2024Q42025-01-290.7600.7470.6121,2271,22617
2024Q32024-10-240.7400.6940.5291,1801,17016
2024Q22024-07-250.6900.6430.3831,1591,13113
2024Q12024-04-250.6300.6530.4041,1171,11315
2023Q42024-01-310.7200.7040.3581,1171,07114
2023Q32023-10-180.7100.6850.595940931.1413
2023Q22023-07-190.7100.6640.541925914.8515
2023Q12023-04-190.6900.6590.610914909.6216
2022Q42023-01-250.6400.6510.485906909.5316

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY1.6671.6591.5452,5352,531
2020FY2.0602.0071.8632,9032,870
2021FY2.5202.4632.3503,4203,402
2022FY2.6602.6752.2603,5823,585
2023FY2.8202.8002.0833,8953,856
2024FY2.8202.8091.9294,6834,681
2025FY3.4803.4323.0905,2495,229
2026FY-4.141--5,923
2027FY-4.742--6,484
2028FY-5.411--7,063
2029FY-6.057--7,601
2030FY-6.200--7,524

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-2213421,5361,4941,568
2026Q4S2026-10-1613031,5291,4851,570
2026Q4S2026-10-1313031,5291,4851,570
2026Q4S2026-10-1213031,5291,4851,570
2026Q4S2026-10-0913031,5291,4851,570
2026Q4S2026-10-0813021,5301,4851,570
2026Q4S2026-10-0713011,5341,5121,570
2026Q4S2026-10-0613011,5341,5121,570
2026Q4S2026-10-0113611,5361,5121,570
2026Q4S2026-09-3013611,5351,5121,570
2026Q4S2026-09-2712611,5341,5121,570
2026Q4S2026-09-2112711,5341,5121,570
2026Q4S2026-07-2312911,5341,5121,570
2026Q4S2026-07-2212511,5181,4891,556

Estimate history

EPS, annual1.4330.911.5451.8632.352.262.0831.9293.093.6596
Period201720182019202020212022202320242025TTM
EPS, quarterly0.5290.6120.6810.7810.7310.90.9080.8930.959
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual3948439542625627588662266064740082629142
Period201720182019202020212022202320242025TTM
Sales, quarterly190220292090209019582080213725322393
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual502.324495.496495.284494.802500.039491.592575.159575.062569.894558.441
Period201720182019202020212022202320242025MRQ
Shares, quarterly574.742575.062573.94573.914572.746569.894564.75561.99558.441
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue9,142.008,262.007,400.006,064.006,226.005,886.005,627.004,262.004,395.00
Total Expenses6,329.005,829.005,451.004,233.004,549.004,294.004,288.003,176.003,228.00
Operating Income2,813.002,433.001,949.001,831.001,677.001,592.001,339.001,086.001,167.00
Unusual Expense63.00102.00151.00253.00113.00151.00117.0069.0021.00
Net Income Before Taxes2,611.002,145.001,449.001,401.001,475.001,534.001,212.001,019.001,064.00
Income Taxes527.00358.00334.00344.00352.00347.00279.00245.00606.00
Consolidated Net Income2,084.001,787.001,115.001,057.001,123.001,187.00933.00774.00458.00
Net Income From Continuing Operations2,085.001,788.001,117.001,059.001,125.001,187.00933.00774.00458.00
Net Income2,085.001,788.001,117.001,059.001,125.001,187.00933.00774.00458.00
EPS (Recurring)3.783.212.112.432.422.562.031.640.94
EPS (Basic, Before Extraordinaries)3.693.121.942.102.282.381.891.560.92
EPS (Diluted)3.663.091.932.082.262.351.861.550.91
Non-Operating Income (Expense)208.00181.0065.00107.0040.00218.0079.00126.0068.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense140.62130.35111.3996.3883.7466.0064.0058.0050.00
Price To Earnings Ratio30.0630.0646.1926.0626.8529.7823.7723.1329.91
Price To Sales Ratio5.676.806.054.874.916.013.944.203.11
Gross Margin56.0555.8854.5458.9153.3953.3848.0055.0255.38
Operating Margin30.7729.4526.3430.1926.9427.0523.8025.4826.55
Net Margin22.8121.6415.0917.4618.0720.1716.5818.1610.42
Shares Outstanding558.44569.89575.06575.16491.59500.04494.80495.28495.50
Market Capitalization61,057.0361,057.0344,434.5433,544.7530,140.0311,706.107,258.135,851.774,457.99

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue2,393.002,532.002,137.002,080.001,958.002,090.002,090.002,029.00
Total Expenses1,653.001,784.001,465.001,427.001,351.001,493.001,514.001,487.00
Operating Income740.00748.00672.00653.00607.00597.00576.00542.00
Unusual Expense6.0019.0015.0023.0021.0029.0029.0025.00
Net Income Before Taxes701.00653.00677.00580.00529.00548.00488.00440.00
Income Taxes162.00146.00158.0061.00106.0096.0093.0085.00
Consolidated Net Income539.00507.00519.00519.00423.00452.00395.00355.00
Net Income From Continuing Operations540.00507.00519.00519.00423.00452.00395.00355.00
Net Income540.00507.00519.00519.00423.00452.00395.00355.00
EPS (Recurring)0.970.920.930.930.760.820.720.64
EPS (Basic, Before Extraordinaries)0.970.900.920.910.740.790.690.62
EPS (Diluted)0.960.890.910.900.730.780.680.61
Non-Operating Income (Expense)53.0010.00107.0038.0030.0075.0037.0024.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense37.1339.5030.0233.9732.3936.3427.6528.44
Price To Earnings Ratio30.0623.7527.4534.6333.9940.5539.3446.19
Price To Sales Ratio5.675.145.876.816.276.385.636.06
Gross Margin54.9952.7358.1259.1859.0954.9351.7252.98
Operating Margin30.9229.5431.4531.3931.0028.5627.5626.71
Net Margin22.5720.0224.2924.9521.6021.6318.9017.50
Shares Outstanding558.44561.99564.75569.89572.75573.91573.94575.06
Market Capitalization61,057.0344,575.9448,255.2155,460.7450,752.1751,337.9943,630.5044,434.54

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments814.00623.00473.00524.00422.002,782.00362.00595.00413.00
Short Term Receivables943.001,022.00929.00677.00588.00566.00422.00384.00356.00
Investment Securities0.000.000.000.000.000.000.000.000.00
Securities In Custody0.000.000.000.000.000.000.000.000.00
Investments203.00305.00275.00267.00275.00255.00340.00303.00373.00
Investment in Unconsolidated Affiliates512.00417.00380.00390.00363.00216.00156.00135.00131.00
Net Property, Plant & Equipment1,175.00968.00978.00976.00875.00856.00730.00376.00400.00
Deferred Tax Assets-------4.0014.00
Other Intangible Assets27,406.0027,060.0029,259.0018,034.0017,592.0013,304.0011,914.0013,903.0013,667.00
Total Assets31,053.0030,395.0032,294.0020,868.0020,115.0017,979.0013,924.0015,700.0015,354.00
Total Debt9,526.009,923.0010,933.005,905.006,253.005,976.003,779.003,831.004,207.00
Long Term Debt9,035.009,469.0010,580.005,187.005,198.005,930.003,327.002,956.003,727.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities1,584.001,594.001,642.00456.00406.00502.00552.00501.00225.00
Other Liabilities7,711.007,678.008,892.008,343.007,051.005,065.003,954.005,919.005,042.00
Total Liabilities18,821.0019,195.0021,467.0014,704.0013,710.0011,543.008,285.0010,251.009,474.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity12,227.0011,191.0010,816.006,151.006,395.006,433.005,639.005,449.005,880.00
Total Shareholders Equity12,227.0011,191.0010,816.006,151.006,395.006,433.005,639.005,449.005,880.00
Accumulated Minority Interest5.009.0011.0013.0010.003.000.000.000.00
Total Equity12,232.0011,200.0010,827.006,164.006,405.006,436.005,639.005,449.005,880.00
Total Liabilities & Stockholders Equity31,053.0030,395.0032,294.0020,868.0020,115.0017,979.0013,924.0015,700.0015,354.00
Book Value Per Share21.4519.4618.8112.5112.7913.0011.3911.0011.71
Tangible Book Value Per Share-15.19-16.82-18.67-9.21-9.70-5.40-6.01-6.49-6.32
Full-Time Employees9,5259,1628,5256,3775,8144,8304,3614,0994,734
Price to Book Ratio5.124.014.425.135.473.403.142.472.23
Return on Assets5.823.563.985.496.235.855.232.914.94
Return on Equity15.2710.1512.4817.9318.5115.4613.968.0812.89
Return on Invested Capital8.415.414.959.9210.247.558.635.457.59
Quick Ratio1.010.991.010.970.941.561.010.971.05
Current Ratio1.010.991.010.970.941.561.010.971.05

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Funds from Operations2,793.002,490.001,893.001,657.001,538.001,552.001,261.001,011.00925.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-247.00-235.0046.0039.00168.00-469.00-9.00-48.00103.00
Cash from Operating Activities2,546.002,255.001,939.001,696.001,706.001,083.001,252.00963.001,028.00
Capital Expenditures-288.00-266.00-207.00-158.00-152.00-163.00-188.00-127.00-111.00
Net Assets From Acquisitions-58.000.000.00-5,766.00-41.00-2,430.00-157.00-206.00-101.00
Sale of Fixed Assets and Businesses-140.000.000.000.00190.000.00132.00286.00
Purchase or Sale of Investments-88.00-896.00-714.00-67.00209.00-163.00141.00-25.00122.00
Purchase of Investments-1,922.00-1,323.00-913.00-786.00-322.00-448.00-283.00-579.00-421.00
Sale Or Maturity of Investments1,834.00427.00199.00719.00531.00285.00424.00554.00543.00
Other Uses-18.00-78.00-32.00-3.000.00-87.00-27.00-14.000.00
Other Sources0.000.000.000.0033.000.000.000.000.00
Cash from Investing Activities-272.00-1,100.00-953.00-5,994.0049.00-2,653.00-231.00-240.00196.00
Cash Dividends Paid-653.00-601.00-541.00-441.00-383.00-350.00-320.00-305.00-280.00
Change in Capital Stock-1,493.00-616.00-145.00-240.00-285.00-442.00-172.00-163.00-377.00
Repurchase of Common Pref Stock-1,512.00-616.00-145.00-269.00-308.00-468.00-222.00-200.00-394.00
Sale of Common Pref Stock19.000.000.0029.0023.0026.0050.0037.0017.00
Proceedsfrom Stock Options19.000.000.0029.0023.0026.0050.0037.0017.00
Issuance or Reduction of Debt, Net-262.00-826.00-812.004,952.00-334.00442.001,912.00-430.00-320.00
Change in Long Term Debt-531.00-826.00-521.005,323.00-572.0022.002,303.00-546.00-115.00
Issuance of Long Term Debt---5,583.00525.00826.003,771.00669.00-
Reduction of Long Term Debt-531.00-826.00-521.00-260.00-1,097.00-804.00-1,468.00-1,215.00-115.00
Net Financing Active Other Cash Flow-3,141.00-910.00-1,063.00-51.002,038.001,768.00-37.00-39.00-50.00
Other Financing Activities Uses-3,184.00-953.00-1,090.00-72.00-403.00-569.00-40.00-39.00-50.00
Cash from Financing Activities-5,549.00-2,953.00-2,561.004,220.001,036.001,418.001,383.00-937.00-1,027.00
Exchange Rate Effect-18.00726.00-537.00202.00-1,293.00-331.0016.00-10.00-10.00
Net Change in Cash-3,293.00-1,072.00-2,112.00124.001,498.00-483.002,420.00-224.00187.00
Free Cash Flow2,258.001,989.001,732.001,538.001,554.00920.001,064.00836.00917.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow32.2940.4937.6026.9426.0862.0329.7833.6821.47

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments393.00546.00564.00814.00697.00927.00
Short Term Receivables1,171.001,182.00985.00943.00865.00896.00
Investments324.00378.00344.00203.00252.00217.00
Investment in Unconsolidated Affiliates614.00559.00538.00512.00491.00467.00
Net Property, Plant & Equipment1,248.001,248.001,224.001,175.001,129.001,097.00
Other Intangible Assets23,633.0023,428.0023,646.0027,406.0027,220.0026,779.00
Total Assets27,383.0027,341.0027,301.0031,053.0030,654.0030,383.00
Total Debt9,295.009,317.009,517.009,526.009,608.009,688.00
Long Term Debt8,947.008,974.009,014.009,035.009,121.009,131.00
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities1,654.001,616.001,611.001,584.001,564.001,540.00
Other Liabilities4,431.004,415.004,135.007,711.007,452.007,337.00
Total Liabilities15,380.0015,348.0015,263.0018,821.0018,624.0018,565.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity11,999.0011,988.0012,033.0012,227.0012,023.0011,811.00
Total Shareholders Equity11,999.0011,988.0012,033.0012,227.0012,023.0011,811.00
Accumulated Minority Interest4.005.005.005.007.007.00
Total Equity12,003.0011,993.0012,038.0012,232.0012,030.0011,818.00
Total Liabilities & Stockholders Equity27,383.0027,341.0027,301.0031,053.0030,654.0030,383.00
Book Value Per Share21.4921.3321.3121.4520.9920.58
Tangible Book Value Per Share-14.96-15.09-15.32-15.19-15.60-16.13
Full-Time Employees-9,6309,6139,525-9,492
Price to Book Ratio5.123.703.964.634.304.45
Return on Assets7.196.826.605.825.314.98
Return on Equity17.3616.5416.2315.2814.0713.28
Return on Invested Capital2.582.422.472.442.002.16
Quick Ratio1.001.011.001.010.990.96
Current Ratio1.001.011.001.010.990.96

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Funds from Operations739.00705.00640.00709.00627.00600.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-218.006.0049.00-84.00-406.00146.00
Cash from Operating Activities521.00711.00689.00625.00221.00746.00
Capital Expenditures-62.00-77.00-60.00-89.00-69.00-59.00
Net Assets From Acquisitions-58.000.000.000.000.000.00
Sale of Fixed Assets and Businesses3.00--88.000.0052.00
Purchase or Sale of Investments184.00-455.00818.00-635.00-11.00-46.00
Purchase of Investments-753.00-333.00-166.00-670.00-78.00-266.00
Sale Or Maturity of Investments937.00-122.00984.0035.0067.00220.00
Other Uses-2.00-3.00-11.00-2.00-65.00-6.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities65.00-446.00747.00-638.00-145.00-59.00
Cash Dividends Paid-173.00-174.00-153.00-153.00-155.00-155.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-323.00-323.00-533.00-314.00-115.00-72.00
Repurchase of Common Pref Stock-323.00-355.00-548.00-286.00-115.00-100.00
Sale of Common Pref Stock0.0032.0015.00-28.000.0028.00
Proceedsfrom Stock Options0.0032.0015.00-28.000.0028.00
Issuance or Reduction of Debt, Net0.00-162.000.00-100.00-69.00-400.00
Change in Long Term Debt0.00-431.000.00-100.00-69.00-400.00
Reduction of Long Term Debt0.00-431.000.00-100.00-69.00-400.00
Net Financing Active Other Cash Flow281.0076.00-3,498.000.00498.00-835.00
Other Financing Activities Uses281.0076.00-3,498.00-43.00499.00-835.00
Cash from Financing Activities-215.00-583.00-4,184.00-567.00159.00-1,462.00
Exchange Rate Effect-23.00-18.00-50.0073.005.00245.00
Net Change in Cash348.00-336.00-2,798.00-507.00240.00-530.00
Free Cash Flow459.00634.00629.00536.00152.00687.00
Price to Free Cash Flow32.2934.0034.9740.3433.8733.08

Revenue breakdown

Capital Access Platforms2024: 1.95B 2025: 2.14B
Consolidation, Policy2024: 63.00M 2025: 61.00M
Financial Technology2024: 1.62B 2025: 1.85B
Market Services2024: 3.77B 2025: 4.21B
Non-US2024: 1.58B 2025: 2.32B
United States2024: 5.82B 2025: 5.95B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.09%9.1M435.1M3.12M
2026-10-152.23%9.7M435.1M3.17M
2026-09-301.75%7.7M438.3M3.38M
2026-09-151.71%7.5M438.3M3.82M
2026-08-311.39%6.1M438.3M3.87M
2026-08-142.11%9.2M438.3M3.95M
2026-07-311.93%8.5M439.7M4.02M
2026-07-152.02%9.0M444.8M3.90M
2026-06-302.10%9.3M444.8M3.72M
2026-06-151.96%8.7M444.4M3.13M
2026-05-291.62%7.2M444.9M3.24M
2026-05-151.56%7.0M444.9M3.50M
2026-04-301.72%7.7M445.5M4.36M
2026-04-151.68%7.5M447.8M4.40M
2026-03-311.63%7.3M448.2M4.45M
2026-03-131.58%7.1M448.2M4.59M
2026-02-271.47%6.6M448.2M4.56M
2026-02-131.77%7.9M448.2M4.23M
2026-01-301.83%8.3M450.9M3.26M
2026-01-151.98%8.9M450.9M3.19M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call60.0048.7051.300.005.7460.000.000.988-0.2580.003
call65.0043.7046.300.005.1080.000.000.986-0.2530.003
call70.0038.7041.300.004.5130.000.000.984-0.2480.003
call75.0033.7036.300.004.0100.000.000.982-0.2420.004
call80.0028.7031.3028.663.4743.000.000.979-0.2350.004
call81.0027.7030.3027.743.3213.000.000.978-0.2340.004
call82.0026.7029.3026.753.2672.000.000.977-0.2320.004
call83.0025.7028.3025.823.1681.000.000.977-0.2300.005
call84.0024.7027.300.003.0170.000.000.976-0.2290.005
call85.0023.7026.300.002.9610.000.000.975-0.2270.005
call86.0022.7025.300.002.8650.000.000.974-0.2240.005
call87.0021.7024.300.002.7610.000.000.973-0.2230.005
call88.0020.3023.400.002.8070.000.000.972-0.2190.005
call89.0019.3022.300.002.6440.000.000.971-0.2170.005
call90.0018.3021.300.002.4650.000.000.969-0.2160.006
call91.0018.0020.306.432.33011.000.000.968-0.2140.006
call92.0016.5019.304.002.2340.000.000.967-0.2120.006
call93.0015.3018.304.002.1730.000.000.965-0.2090.006
call94.0015.0017.3014.302.0421.000.000.963-0.2060.007
call95.0013.3016.4010.312.0340.000.000.961-0.2030.007
call96.0013.0015.302.071.8502.000.000.959-0.2000.007
call97.0012.0014.3011.901.82940.000.000.957-0.1950.008
call98.0011.3012.208.960.8185.000.000.954-0.1930.008
call99.0010.1012.401.231.5121.000.000.951-0.1900.008
call1009.4010.909.101.33982.000.000.942-0.2030.009
call1018.3010.007.341.2567.000.000.933-0.2170.011
call1027.308.904.101.17028.000.000.918-0.2330.012
call1036.308.106.301.08316.000.000.907-0.2420.014
call1045.407.105.600.9869.000.000.891-0.2520.015
call1054.406.002.850.91528.000.000.859-0.2720.018
call1063.504.502.350.55595.000.000.864-0.2150.018
call1072.703.503.080.4612931.000.829-0.2180.021
call1081.803.201.850.60514.001.000.714-0.3420.028
call1091.201.651.900.30280.001.000.648-0.2950.030
call1100.601.300.970.3781174.000.523-0.3100.032
call1110.201.000.500.4341923.000.400-0.3360.031
call1120.050.350.320.35712.003.000.335-0.3930.030
call1130.050.600.300.4485.000.000.253-0.3410.026
call1140.050.200.100.4145.005.000.158-0.2370.020
call1150.000.600.200.4741,2780.000.160-0.2910.020
call1160.000.050.000.4560.000.000.101-0.1960.014
call1170.000.600.000.6100.000.000.106-0.2450.015
call1180.000.600.000.5690.000.000.073-0.1800.011
call1190.000.550.050.7751.000.000.093-0.2660.014
call1200.000.550.000.7890.000.000.077-0.2390.012
call1210.000.550.000.8450.000.000.068-0.2250.011
call1220.000.550.000.7790.000.000.040-0.1360.007
call1230.000.550.000.7390.000.000.023-0.0810.004
call1240.000.550.290.7843.000.000.022-0.0820.004
put60.000.000.450.263.9000.001.00-0.012-0.2540.003
put65.000.000.400.313.4400.001.00-0.014-0.2490.003
put70.000.000.550.003.0030.000.00-0.016-0.2440.003
put75.000.000.550.002.5980.000.00-0.018-0.2370.004
put80.000.000.550.252.2143.000.00-0.021-0.2290.004
put81.000.000.550.002.1280.000.00-0.022-0.2260.004
put82.000.000.550.002.0550.000.00-0.023-0.2250.004
put83.000.000.550.001.9810.000.00-0.024-0.2230.005
put84.000.000.550.421.9199.000.00-0.024-0.2220.005
put85.000.000.550.871.8471.000.00-0.025-0.2200.005
put86.000.000.550.951.7761.000.00-0.026-0.2180.005
put87.000.000.550.051.70526.000.00-0.027-0.2160.005
put88.000.000.550.001.6250.000.00-0.028-0.2130.005
put89.000.000.551.611.5550.000.00-0.029-0.2110.005
put90.000.000.551.401.49511.000.00-0.030-0.2100.006
put91.000.000.600.151.4264.000.00-0.032-0.2070.006
put92.000.000.601.711.3571.000.00-0.033-0.2050.006
put93.000.000.602.041.2894.000.00-0.035-0.2020.006
put94.000.000.600.171.2215.000.00-0.037-0.1990.007
put95.000.000.600.201.1534.000.00-0.039-0.1960.007
put96.000.000.600.251.0852.000.00-0.041-0.1930.007
put97.000.000.600.281.0171.000.00-0.043-0.1890.007
put98.000.000.650.800.9503.000.00-0.046-0.1850.008
put99.000.000.650.160.8827.000.00-0.049-0.1820.008
put1000.000.650.500.8149.000.00-0.057-0.1930.009
put1010.000.600.050.7465.000.00-0.067-0.2090.011
put1020.000.150.050.67717.000.00-0.077-0.2160.012
put1030.000.150.300.60911.000.00-0.095-0.2390.014
put1040.000.150.120.53920.000.00-0.113-0.2510.016
put1050.000.200.160.50520.000.00-0.141-0.2740.018
put1060.050.200.250.4353160.00-0.129-0.1970.017
put1070.150.250.250.3791,2921.00-0.172-0.2110.021
put1080.250.500.360.40310.003.00-0.286-0.3330.028
put1090.300.950.650.43932.002.00-0.361-0.2900.031
put1100.651.150.000.3640.000.00-0.486-0.3010.032
put1111.501.855.500.4223.000.00-0.592-0.3300.032
put1121.803.603.610.7811.000.00-0.666-0.3700.030
put1132.503.900.000.6610.000.00-0.752-0.3130.026
put1143.704.704.600.6645.000.00-0.830-0.2440.021
put1153.506.000.000.8890.000.00-0.835-0.2890.020
put1165.206.700.000.8590.000.00-0.915-0.1500.013
put1176.207.700.000.9400.000.00-0.932-0.1350.011
put1187.208.800.001.0630.000.00-0.944-0.1240.009
put1198.209.700.001.0940.000.00-0.957-0.1020.007
put1209.2011.100.001.3240.000.00-0.965-0.0900.006
put1219.7012.300.001.4870.000.00-0.974-0.0700.005
put12210.7013.100.001.4730.000.00-0.976-0.0700.005
put12311.7014.100.001.5450.000.00-0.977-0.0710.004
put12412.7015.100.001.6430.000.00-0.978-0.0720.004

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10144Filing for proposed sale of securities under Rule 144.SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-043Initial statement of beneficial ownership of securities2026-11-01SEC
2026-11-03144Filing for proposed sale of securities under Rule 144.SEC
2026-10-294Statement of changes in beneficial ownership of securities2026-10-27SEC
2026-10-27SCHEDULE 13G/ASEC
2026-10-27144Filing for proposed sale of securities under Rule 144.SEC
2026-10-274Statement of changes in beneficial ownership of securities2026-10-23SEC
2026-10-274Statement of changes in beneficial ownership of securities2026-10-23SEC
2026-10-268-KCurrent report2026-10-21SEC
2026-10-23144Filing for proposed sale of securities under Rule 144.SEC
2026-10-23144Filing for proposed sale of securities under Rule 144.SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-2210-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-228-KCurrent report2026-10-22SEC
2026-10-20144Filing for proposed sale of securities under Rule 144.SEC
2026-10-144Statement of changes in beneficial ownership of securities2026-10-12SEC
2026-10-13144Filing for proposed sale of securities under Rule 144.SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-09-244Statement of changes in beneficial ownership of securities2026-09-22SEC
2026-09-22144Filing for proposed sale of securities under Rule 144.SEC
2026-09-144Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-10144Filing for proposed sale of securities under Rule 144.SEC
2026-08-13SCHEDULE 13G/ASEC
2026-08-124Statement of changes in beneficial ownership of securities2026-08-10SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-11001.04M3
2026-10002.12M5
2026-0900212.87K2
2026-08001.24M4
2026-07003.93M4
2026-064.88M1260.73K1
2026-0500471.71K1
2026-040011.93M4
2026-03008.89M2
2026-0216.79M229.43M2
2026-010029.37M2
2025-1200610.26K2
2025-1100179.77K1

Institutional holders

Manager% owned
INVESTOR AB10.33%
BlackRock, Inc.6.58%
VANGUARD CAPITAL MANAGEMENT LLC5.52%
WELLINGTON MANAGEMENT GROUP LLP5.36%
VANGUARD PORTFOLIO MANAGEMENT LLC4.61%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/4.11%
STATE STREET CORP3.57%
GEODE CAPITAL MANAGEMENT, LLC2.23%
MORGAN STANLEY2.01%
FRANKLIN RESOURCES INC1.61%

Funds

Fund% owned
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND6.89%
VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND5.42%
VANGUARD SHORT-TERM INVESTMENT-GRADE FUND4.80%
First Trust Enhanced Short Maturity ETF3.58%
VANGUARD TOTAL STOCK MARKET INDEX FUND2.86%
VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND2.66%
JPMorgan Ultra-Short Income ETF2.08%
VANGUARD INTERMEDIATE-TERM BOND INDEX FUND2.06%
VANGUARD 500 INDEX FUND2.05%
DFA Short-Term Extended Quality Portfolio2.04%

OakChart. NDAQ. Cached 15 minutes.