Nasdaq (NDAQ) stock

Exchange and software , market cap $60B

Exchange and software

Worth $60B

$110.02

+1.40%

As of Tuesday's close · Live for Pro members at the open

Quality Score

Excellent

In its industry

#3of 9

Exchanges & Trading

Checks firing

8of 14

Trending up

From 52-week high

-1.3%

under its best in a year

NDAQ's Quality Score was unchanged on Tue, Nov 10, at 18.

See NDAQ's 14 chart checksSee it live, free until Thursday morning. No account. No card. Then keep going with a free account.

We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.

Why is NDAQ up?

Up 8% on Oct 22, and still 13% over its Oct 21 close.

Its Oct 22 results: Financial Technology revenue was $529M, up 16%; Index revenue was $286M, up 39%. It rose 8% on Oct 22.

Sources: Price history, Oct 22, 2026; Company release, Oct 22, 2026

1 more reason, free with an account →1 more reason why NDAQ rose on Oct 22, from its filings, with the timeline and its peers, for Pro members.

Key facts on NDAQ

Key facts on NDAQ
Profit up 59%	$1.12B → $1.79B in 3 years
Latest filing	8-K, Oct 26 Reported a change of officers or directors

1 more reason behind NDAQ's 18, free with an account →4 more reasons behind NDAQ's 18, for Pro members.

NDAQ catalysts

Coming up

After its last 4 reports it closed +1.8% on average, higher 2 of 4 times.

32 past catalysts since 2020, with sizes and sources, for Pro members.

Why NDAQ scores 18

Excellentfor quality, not price, 8 of 14 chart checks firingWhat the Quality Score means

Well above its recent run. NDAQ scores 18 today, against a median of 12.5 over its last 20 recorded sessions.

+8Chart checks 8 of 14 firing right now, one point each
+4Long-term trend above a rising 200-⁠day average, near its 52-⁠week high, at a multi-⁠year high

Size adds
Profit addsRead on the last four quarters against the four before, or the last full year where no quarters are filed.
Growth addsSales and margins against a year earlier: up to +3 for fast growth and widening margins, down to -2 when both shrink.
Persistence adds
Insider trades subtracts

No effect today: Run-up, Dilution, Volatility, Cash flow, and News.

What every line is worth, and the reason behind it, on NDAQ and every other stock.Get in free →

Price, score, chart checks, and the industry rank are from a snapshot taken at 10:56 PM ET, at least 15 minutes behind. How we rank stocks.

Tested. Our top-scored stocks returned 2.2x the average stock over the next month. Reconstructed after the fact; recorded live since Sep 9, 2026. How we tested it

Alert me when NDAQ's Quality Score turns up

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How NDAQ ranks in Exchanges & Trading

NDAQ is #3 of 9 by Quality Score.

How NDAQ ranks in Exchanges & Trading
Rank	Stock	Checks	Quality Score
1	CBOECboe Global Markets	8/14	19
2	TWTradeweb Markets	10/14	19
3	NDAQNasdaq	8/14	18
	LPLALPL Financial		Open for its score
	MRXMarex		Open for its score
	SNEXStoneX		Open for its score

Share count against a year before: NDAQ -2.5%, SNEX +9.3%, CBOE -0.1%, CME -0.5%.

When does NDAQ report earnings, and what happens after?

Expected to report Thu Jan 28, before the open (in 79 days).

What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.

What NDAQ reported on Oct 22, 2026

The quarter

Revenue of $2.4B, 21% more than a year ago; a profit of $0.96 a share.

The quarter that ended Sep 30, from the company's press release

The press release The filing on EDGAR

Where the sales came from

Where the quarter's sales came from
Line	Q3 2026	Q2 2026	Q3 2025
By segment
Market Servicesup 26%	$1.2B51%	$1.4B54%	$967M49%

Each quarter's sales and their share of its total. Figures as filed (SEC filing, Oct 22)

4 more lines, for Pro members.

The outlook

The outlook the company gave, by period
Measure	Figure
Full year 2026
Non-GAAP operating expense	$2.55B to $2.58Braised

Figures as filed (SEC filing, Oct 22)

1 more outlook line, for Pro members.

The numbers

Market value: $60B; today
Sales: $9.1B; up 11.5% on the year
Free cash flow: $2.3B; last 12 months

Sales grew 8% a year over 5 years, fiscal 2020 to 2025.

Pays $1.24 a share a year.

5 more figures, for Pro members.

No analyst estimates on Breakaway: every figure here is filed.

The whole report on NDAQ: every line of its sales, every outlook beside the one it replaced, and the company's words, for Pro members.

Close after the report, last 3

+0.8%-0.5%+7.5%

Apr 23Jul 23Oct 22

Reported	When	Gap	Reaction	5 days
Oct 22, 2026Before open	Before open	+2.1%	+7.5%	+9.8%
Jul 23, 2026Before open	Before open	+2.4%	-0.5%	+5.1%
Apr 23, 2026Before open	Before open	+1.3%	+0.8%	+5.7%

NDAQ closed higher after 2 of its last 4 reports.

All 4 reports, and NDAQ's Quality Score going into each

NDAQ sales and profit by year

Sales and profit by year

Sales grew in five of the last seven years, to $8.3B in 2025. It made a profit in each of the eight years.

NDAQ has 8 of 14 chart checks firing

Trend1 of 5 shown

MA FAN 21 EMA W.EMA HH/HL 52W HI

Volume1 of 3 shown

VOL VDU U/D VOL

Tight range1 of 3 shown

ATR SQZ SQUEEZE NR7

Buying1 of 3 shown

OBV+CLOSE HI SPRING

The other 10 checks on NDAQ, and all 14 on every stock.Get in free →

NDAQ RSI today: 70.7, above its 50-day and 200-day averages

Not scored

RSI 70.7, MACD above signal, above both averages. Not scored.13 readings

The deep dive on NDAQ

What it does and how it makes money3 findingsIt kept 28 cents of each dollar of sales in fiscal 2025: $2.33B of operating profit on $8.26B of sales.Annual report, filed Feb 12, 2026
Where it stands5 findingsFor Pro members5 findings on where NDAQ stands: its cash, debt, and share count, for Pro members
What changed in its filings3 findingsNew in its "Risk Factors" this year: "Our proposed new offerings to compete in this evolving market, including for the trading of tokenized equity securities and ETPs and the extension of trading hours, may not be successful." (10-K for fiscal 2025)SEC filing · Feb 12, 2026Backlog rose 13% in a year, to $3.63B on Sep 30, 2026 from $3.21B: sales under contract, not yet delivered.Filed figures, Sep 30, 2026
Who holds and trades it4 findingsFor Pro members4 findings on who holds and trades NDAQ, for Pro members
Against its closest peers4 peersShare count against a year before: NDAQ -2.5%, SNEX +9.3%, CBOE -0.1%, CME -0.5%.

12 more findings on NDAQ, each with its source, for Pro members.

Is NDAQ's dividend covered? What its financials say

Its dividends come to 30% of its free cash flow.

NDAQ's dividend against its free cash flow
Dividend	$1.24 a share a year Paid 4 times a year
Paid out	About $688M a year $1.24 a share on 555M shares, the count on its cover page as of Oct 16, 2026
Free cash flow	$2.3B The last four quarters, to Sep 30, 2026
Record	Raised each of the last 5 years Against the payout a year before, each year

NDAQ insider trades

One insider bought $4.9M across 1 filing, and 3 insiders sold $8.2M across 13 filings, in the last 6 months. The newest:

SellBradley J. Peterson$539KEVP, CIOat $107.75 on Nov 4, filed Nov 6

SellBradley J. PetersonEVP, CIO$539Kat $107.75 on Nov 4, filed Nov 6

All 14 insider filings on NDAQ from the last six months, for Pro members.

All NDAQ insider trades

NDAQ trades by Congress and the executive branch

6 trades disclosed in the last six months. The newest:

SellApril McClain Delaney$100K to $250KHousetraded Aug 25, disclosed Sep 9(15 days later)

SellApril McClain DelaneyHouse$100K to $250Ktraded Aug 25, disclosed Sep 9(15 days later)

All 6 trades on NDAQ disclosed by Congress and the executive branch, for Pro members.Get in free →

See what Congress is buying across the market

NDAQ's officers and directors

Officers and directors with a Form 4 in the last 12 months.

Adena T. FriedmanChair and CEO · 4 trades
Sarah YoungwoodEVP & CFO · no trades on file
Bradley J. PetersonEVP, CIO · 6 trades
Jeremy SkuleEVP, CSO · 6 trades
Pc Nelson GriggsPres. Capital Access Platforms · 5 trades
Bryan Everard SmithEVP, CPO · 5 trades
Cohen TalPres. Market Platforms · 4 trades
Michelle Lynn DalySVP, Controller & PAO · 3 trades

13 more officers and directors file at NDAQ.

See insider trades by person

Which ETFs hold NDAQ?

In ETFs: NDAQ is 0.2% of VIG, 0.2% of VYM, and 0.1% of DGRO, the most of the 24 funds Breakaway covers, by their holdings as filed for Jul 31, 2026.

About Nasdaq

Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.5% of sales), the company sells market and financial data to investors, offers Nasdaq-branded indexes, and lists companies through its capital access segment (42.5%). Nasdaq's newest segment, financial technology, was primarily constructed through the acquisitions of Verafin and Adenza and has expanded the company into capital management, financial crime, and regulatory compliance software (35%) as it seeks to become a diversified technology company.

9,593 employeesNew York, NYnasdaq.com

What Nasdaq says it competes with

“Our business segments complement each other and we believe that our strong competitive position in large, high-growth markets positions us for sustained growth.”

From its annual report, SEC filing · Feb 12, 2026

Here is what Pro members see.

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Congress trades
A member's trades, newest first, each with its amount. Sort and filter the whole list.
14 chart checks, read for you
The ones firing on the stock, each in plain words, its rule a tap away.
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What would move NDAQ's score: 3 things
3 more filings explained, a plain line each
Real-⁠time prices, no delay

BreakawayAug 22Donald Trump bought NDAQ$1K to $15K, disclosed Aug 22

Alerts are optional.

See NDAQ's 14 chart checks

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Straight AnswersStraight Answers

As of Nov 10, 2026: NDAQ's Quality Score is 18 (Excellent), #3 of 9 in Exchanges & Trading. Insiders bought $4.9M and sold $8.2M in the last 6 months (Form 4).

What does NDAQ's Quality Score say?

NDAQ scores 18 today, which Breakaway calls Excellent. It is #3 of 9 in Security & Commodity Brokers, Dealers, Exchanges & Services by Quality Score, with 8 of 14 chart checks firing. Up 8% on Oct 22, and still 13% over its Oct 21 close. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.

What is NDAQ's Quality Score?

NDAQ scores 18 today, which Breakaway calls Excellent (15 to 19). That is #3 of 9 in Security & Commodity Brokers, Dealers, Exchanges & Services by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind NDAQ's 18.

Are insiders buying NDAQ?

One insider bought $4.9M across 1 filing, and 3 insiders sold $8.2M across 13 filings, in the last 6 months. The newest is Bradley J. Peterson, EVP, CIO, who sold $539K on Nov 4. Every filing, with the scored weight, for Pro members.

Are the prices delayed?

Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.