Nasdaq, Inc. Financial Ratios — NDAQ.USD Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	7.98	6.91	6.76	6.91	7.51	1.92	12.89	8.09	13.96	15.46	18.51	17.93	12.48	10.15	15.27
Return on Assets (%)	2.55	3.03	3.55	3.36	3.58	0.82	4.94	2.95	5.23	5.85	6.23	5.49	3.98	3.56	5.82
Return on Capital (%)	6.65	5.83	5.63	5.81	6.24	2.46	8.81	5.35	9.24	9.25	10.21	9.89	7.51	6.67	9.75
Return on Invested Capital (%)	6.55	6.12	5.48	6.17	6.05	7.82	8.67	4.57	8.29	8.76	8.94	9.68	7.07	6.47	9.09
Gross Margin (%)	32.93	36.09	38.74	38.86	40.14	39.55	40.1	38.7	39.08	34.52	37.92	37.57	41.99	40.39	42.23
EBITDA Margin (%)	23.41	25.45	25.23	25.46	25.21	27.16	29.86	28.95	28.35	25.53	29.2	29.26	31.35	32.58	35.86
Operating Margin (%)	21.35	23.65	23.76	23.86	26.51	25.73	26.22	24.53	25.5	23.38	26.49	26.68	29.78	26.34	29.45
Incremental Operating Margin (%)	40.08	- -	27.47	24.91	- -	16.94	33.61	4.26	- -	16.75	93.49	30	- -	10.7	56.15
Pretax Margin (%)	16.67	17.56	18.69	16.97	18.51	3.59	22.09	24.88	23.93	21.55	26.06	23.69	23.1	19.58	25.96
Profit Margin (%)	11.26	11.28	11.99	11.83	12.58	2.86	18.47	10.71	18.18	16.59	20.17	18.07	17.46	15.09	21.64
Net Income to Common Margin (%)	11.26	11.28	11.99	11.83	12.58	2.86	18.47	10.71	18.18	16.59	20.17	18.07	17.46	15.09	21.64
Effective Tax Rate (%)	33.16	36.31	36	30.47	32.22	20.3	16.4	56.95	24.04	23.02	22.62	23.86	24.55	23.05	16.69
Dvd Payout Ratio (%)	- -	18.79	22.72	23.79	34.98	188.68	33.33	61.14	39.41	34.3	29.49	34.17	41.8	48.61	33.65
Sustainable Growth Rate (%)	7.98	5.61	5.22	5.27	4.88	-1.7	8.59	3.14	8.46	10.16	13.05	11.81	7.27	5.22	10.13

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	2,117	1,976	2,634	2,297	2,364	3,603	4,207	3,831	3,718	5,930	6,216	5,851	10,871	9,868	9,466
ST Debt	45	136	45	- -	- -	- -	480	875	391	- -	1,018	664	291	399	431
LT Debt	2,072	1,840	2,589	2,297	2,364	3,603	3,727	2,956	3,327	5,930	5,198	5,187	10,580	9,469	9,035
Total Debt/EBITDA	2.63	2.49	3.25	2.58	2.76	3.58	3.57	3.09	3.08	4.13	3.62	3.21	5.72	4.09	3.19
Net Debt/EBITDA	2	1.86	2.76	2.1	2.4	3.18	3.25	2.65	2.53	1.95	3.16	2.69	5.26	3.69	2.83
Total Debt/EBIT	3.04	2.86	3.83	3.05	3.28	4.31	4.25	3.73	3.66	4.81	4.31	3.74	6.89	5.49	4.06
Net Debt/EBIT	2.31	2.14	3.25	2.48	2.87	3.83	3.86	3.2	3	2.27	3.77	3.13	6.34	4.94	3.6
EBITDA to Interest Expense	6.76	8.19	8.02	8.1	8.09	7.8	8.73	8.84	10.5	15.44	14.95	15.18	6.99	6.06	8.37
EBITDA-CapEx/Interest Expense	6.03	7.29	6.88	6.83	6.84	6.76	7.67	8.05	9.39	13.42	13.53	13.92	6.41	5.54	7.62
EBIT to Interest Expense	6.17	7.61	7.55	7.59	8.51	7.39	7.67	7.49	9.44	14.14	13.56	13.84	6.64	4.9	6.87
Interest Expense	119	97	101	110	106	129	135	140	115	93	115	120	272	398	354
Common Equity/Total Assets	35.31	57.03	49.17	47.99	47.29	38.37	38.3	34.71	40.5	35.78	31.79	29.48	33.49	36.82	39.37
Long-Term Debt/Equity (%)	41.56	35.32	41.87	39.64	42.15	66.35	63.38	54.25	59	92.14	81.16	84.15	97.72	84.54	73.86
Long-Term Debt/Capital (%)	29.17	25.61	29.36	28.39	29.65	39.89	36.95	31.85	35.56	47.95	41.19	43.17	48.76	44.94	41.64
Long-Term Debt/Total Assets (%)	14.7	20.15	20.59	19.03	19.93	25.46	24.27	18.83	23.89	32.98	25.84	24.86	32.76	31.15	29.1
Total Debt/Equity (%)	42.46	37.93	42.59	39.64	42.15	66.35	71.55	70.31	65.93	92.14	97.05	94.92	100.41	88.11	77.39
Total Debt/Capital (%)	29.8	27.5	29.87	28.39	29.65	39.89	41.71	41.28	39.73	47.95	49.25	48.7	50.1	46.84	43.63
Total Debt/Total Assets (%)	15.02	21.64	20.94	19.03	19.93	25.46	27.4	24.4	26.7	32.98	30.9	28.04	33.66	32.47	30.48
Net Debt to Equity	32.31	28.39	36.16	32.27	36.78	58.93	65.14	60.3	54.18	43.44	84.89	79.45	92.37	79.36	68.67
Net Debt/Capital (%)	24.42	22.11	26.56	24.4	26.89	37.08	39.44	37.62	33.85	29.06	44.46	42.53	47.07	43.41	39.82
EBITDA	805	794	810	891	858	1,006	1,179	1,238	1,207	1,436	1,719	1,822	1,901	2,411	2,963
EBITDA-CapEx	717	707	695	751	725	872	1,035	1,127	1,080	1,248	1,556	1,670	1,743	2,204	2,697
Operating Income (Loss)	734	738	763	835	902	953	1,035	1,049	1,086	1,315	1,559	1,661	1,806	1,949	2,433

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.13	0.71	0.21	0.2	0.17	0.16	0.12	0.12	0.15	0.6	0.08	0.08	0.07	0.26	0.42
Current Ratio	1.09	1.47	1.13	1.14	1.12	1.12	1.05	0.97	1.01	1.56	0.94	0.97	1.01	0.99	1.01
Quick Ratio	0.18	1.03	0.35	0.33	0.28	0.26	0.18	0.18	0.25	0.71	0.15	0.15	0.17	0.39	0.54
CFO/Avg Current Liab	0.09	0.17	0.3	0.22	0.25	0.22	0.2	0.17	0.18	0.27	0.17	0.2	0.19	0.23	0.28
Common Equity/Total Assets	35.31	57.03	49.17	47.99	47.29	38.37	38.3	34.71	40.5	35.78	31.79	29.48	33.49	36.82	39.37
Long-Term Debt/Equity (%)	41.56	35.32	41.87	39.64	42.15	66.35	63.38	54.25	59	92.14	81.16	84.15	97.72	84.54	73.86
Long-Term Debt/Capital (%)	29.17	25.61	29.36	28.39	29.65	39.89	36.95	31.85	35.56	47.95	41.19	43.17	48.76	44.94	41.64
Long-Term Debt/Total Assets (%)	14.7	20.15	20.59	19.03	19.93	25.46	24.27	18.83	23.89	32.98	25.84	24.86	32.76	31.15	29.1
Total Debt/Equity (%)	42.46	37.93	42.59	39.64	42.15	66.35	71.55	70.31	65.93	92.14	97.05	94.92	100.41	88.11	77.39
Total Debt/Capital (%)	29.8	27.5	29.87	28.39	29.65	39.89	41.71	41.28	39.73	47.95	49.25	48.7	50.1	46.84	43.63
Total Debt/Total Assets (%)	15.02	21.64	20.94	19.03	19.93	25.46	27.4	24.4	26.7	32.98	30.9	28.04	33.66	32.47	30.48
CFO/Total Liabilities	7.35	14.99	8.98	10.07	11.63	8.9	9.59	10.03	11.62	10.85	7.9	11.6	7.9	10.1	11.98
CFO/CapEx	7.6	6.76	4.99	4.51	5.47	5.79	6.31	9.26	7.58	6.66	6.64	11.22	10.73	9.37	8.48
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.77

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	9.73	8.85	8.95	9.65	9.94	10.06	11.56	10.57	11.39	10.2	9.84	7.55	7.59	8.41
Days Sales Outstanding	- -	37.49	41.26	40.78	37.81	36.71	36.29	31.58	34.55	32.06	35.78	37.08	48.33	48.12	43.41
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	57,776
- Cash & Cash Equivalents	506	497	398	427	301	403	377	545	332	2,745	393	502	453	592	604
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	10	1	- -	1	- -	- -	- -	- -	- -	3	10	13	11	9	5
+ Total Debt	2,117	1,976	2,634	2,297	2,364	3,603	4,207	3,831	3,718	5,930	6,216	5,851	10,871	9,868	9,466
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	63,893
Total Capital	7,103	7,185	8,818	8,091	7,973	9,033	10,087	9,280	9,357	12,366	12,621	12,015	21,698	21,068	21,698
Total Debt/Capital (%)	29.8	27.5	29.87	28.39	29.65	39.89	41.71	41.28	39.73	47.95	49.25	48.7	50.1	46.84	43.63
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.15
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.73
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.56
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.41
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.06
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.98
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	58,658
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	64,775
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	112.11
TTM Sales	3,438	3,120	3,211	3,500	3,403	3,704	3,948	4,277	4,258	5,625	5,886	6,226	6,064	7,400	8,262
TTM EBITDA	805	794	810	891	858	1,006	1,179	1,238	1,207	1,436	1,719	1,822	1,901	2,411	2,963
TTM Operating Income	734	738	763	835	902	953	1,035	1,049	1,086	1,315	1,559	1,661	1,806	1,949	2,433
TTM Cash Flow to Firm	749	650	639	708	799	879	1,022	1,088	1,050	1,324	1,172	1,797	1,901	2,245	2,550
TTM Free Cash Flow to Firm	661	563	524	568	666	745	878	977	923	1,136	1,009	1,645	1,743	2,038	2,284

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29.49
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.41
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	63,893
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	101.38
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.73
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.56
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	32.51
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	32.51
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	32.51
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	32.51
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.73
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.73
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.73
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.73
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6.68
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6.68
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6.68
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6.68
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.03
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.03
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.03
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.03
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.77
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.77
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.77
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.77
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29.49
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29.49
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29.49
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.73
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.73
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.73
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.56
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.56
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.56
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.41
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.41
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.41
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	101.38
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	101.38
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	63,893
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	63,893
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	63,893

Shares Outstanding	521	497	508	506	493	500	512	495	495	495	500	492	575	575	570
Diluted Weighted Avg Shares	540	518	514	519	514	506	509	503	501	501	505	498	508	579	579
Basic Weighted Avg Shares	528	505	501	507	502	496	499	496	495	493	498	492	505	575	573
Revenue per Share	6.51	6.18	6.41	6.91	6.78	7.47	7.91	8.62	8.61	11.41	11.83	12.64	12.01	12.86	14.41
EBITDA per Share	1.52	1.57	1.62	1.76	1.71	2.03	2.36	2.5	2.44	2.91	3.45	3.7	3.77	4.19	5.17
Operating Income per Share	1.39	1.46	1.52	1.65	1.8	1.92	2.07	2.12	2.2	2.67	3.13	3.37	3.58	3.39	4.24
Basic EPS, GAAP	0.73	0.7	0.77	0.82	0.85	0.21	1.46	0.92	1.56	1.89	2.38	2.28	2.1	1.94	3.12
Basic EPS from Cont Ops	0.73	0.69	0.77	0.82	0.85	0.21	1.46	0.92	1.56	1.89	2.38	2.28	2.09	1.94	3.12
Diluted EPS, GAAP	0.72	0.68	0.75	0.8	0.83	0.21	1.43	0.91	1.54	1.86	2.35	2.26	2.08	1.93	3.09
Diluted EPS from Cont Ops	0.71	0.67	0.75	0.8	0.83	0.21	1.43	0.91	1.54	1.86	2.35	2.26	2.08	1.93	3.09
Dividend per Share	- -	0.13	0.17	0.19	0.3	0.4	0.49	0.56	0.62	0.65	0.7	0.78	0.87	0.94	1.05
Cash Flow per Share	1.27	1.16	1.15	1.25	1.45	1.57	1.82	2.07	1.95	2.54	2.18	3.46	3.36	3.37	3.93
Free Cash Flow per Basic Share	1.1	0.99	0.92	0.97	1.18	1.3	1.53	1.85	1.69	2.16	1.85	3.16	3.05	3.01	3.47
Cash & Equivalents per Share	1.51	1.45	1.16	1.19	1.02	1.3	1.2	1.64	1.26	5.94	1.2	1.39	1.11	3.58	5.89
Book Value per Share	9.56	10.48	12.17	11.44	11.38	10.87	11.5	11	11.39	13	12.79	12.51	18.81	19.46	21.45
Tangible Book Value per Share	-3.33	-3.58	-4.7	-3.6	-3.54	-5.38	-6.21	-6.49	-6.01	-5.4	-9.7	-9.21	-18.67	-16.82	-15.19

Nasdaq, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)