Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally. The company carries a $51.83B market cap, placing it firmly in the large-cap category. It operates through three segments: Capital Access Platforms, Financial Technology, and Market Services.
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Nasdaq, Inc. carries $9.52B in total debt against $531.0M in cash reserves — debt is roughly 17.9x the cash position. Managing this leverage effectively will be important for long-term financial stability. Annual free cash flow of $1.56B supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 16.2%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 5.5% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $6.23B (2022) to $8.26B (2025), reflecting a 33% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. No single metric tells the full story. Reviewing NDAQ's risk profile alongside its fundamentals and technical indicators provides a more complete picture.