NasdaqXSWX:NDAQ -2.29%91 Days Payable is 20.45 as of Mar. 2026, which is 17% below its 10-year median of 24.61. GuruFocus rates XSWX:NDAQ with a GF Score™ of 91/100 and a GF Value™ of CHF63.12. The stock has 3 warning signs investors should review. Among 538 Capital Markets companies, Nasdaq ranks worse than 74.72% on this metric.
Nasdaq's average Accounts Payable for the
three
months ended in Mar. 2026 was CHF208 Mil. Nasdaq's Cost of Goods Sold for the
three
months ended in Mar. 2026 was CHF928 Mil.
Hence, Nasdaq's Days Payable for the
three
months ended in Mar. 2026 was 20.45.
The historical rank and industry rank for Nasdaq's Days Payable or its related term are showing as below:
XSWX:NDAQ'
s Days Payable Range Over the Past 10 Years
Min: 16.01 Med: 24.61 Max: 27.16
Current: 20.01
During the past 13 years, Nasdaq's highest Days Payable was 27.16. The lowest was 16.01. And the median was 24.61.
XSWX:NDAQ's Days Payable is ranked worse than 74.72% of 538
companies
in the Capital Markets industry
Industry Median: 91.345
vs XSWX:NDAQ: 20.01
Nasdaq's Days Payable
increased
from Mar. 2025 (18.76) to Mar. 2026 (20.45).
It may suggest that Nasdaqdelayed paying its suppliers.
Nasdaq Days Payable Related Terms
Nasdaq Days Payable Historical Data
* Premium members only.
The historical data trend for Nasdaq's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:NDAQ vs COIN, MSCI, CBOE: Days Payable Comparison
For the Financial Data & Stock Exchanges subindustry, Nasdaq's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nasdaq Days Payable vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nasdaq's Days Payable distribution charts can be found below:
* The bar in red indicates where Nasdaq's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Nasdaq's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nasdaq (XSWX:NDAQ) has a Days Payable of 20.45 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nasdaq and its competitors. This is 17% below median its historical median of 24.61. Over the past decade, Nasdaq's Days Payable has ranged from 16.01 to 27.16. According to the industry distribution chart, Nasdaq ranks #402 out of 538 companies in the Capital Markets industry, placing it in the top 74.7%.
Is Nasdaq's Days Payable too high?
Nasdaq's current Days Payable of 20.45 is 17% below median its 10-year median of 24.61. Over the past 10 years, this metric has ranged from a low of 16.01 to a high of 27.16. The Capital Markets industry median Days Payable is 91.35. Nasdaq's value of 20.45 is 77.6% below this industry median. Based on the distribution chart, Nasdaq ranks #402 out of 538 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Nasdaq has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Nasdaq's Days Payable compare to COIN and MSCI?
According to the Capital Markets industry distribution chart, Nasdaq ranks #402 out of 538 companies for Days Payable. This places Nasdaq in the lower half of its industry. The industry median Days Payable is 91.35. Nasdaq's value of 20.45 is 77.6% below this benchmark. Historically, Nasdaq's own Days Payable has ranged from 16.01 to 27.16 over the past decade. While the company's 10-year median is 24.61 vs. the industry median of 91.35, Nasdaq has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Capital Markets company?
The median Days Payable among Capital Markets companies is 91.35, based on 538 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nasdaq's current Days Payable of 20.45 is 77.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nasdaq and its competitors. For the Capital Markets industry, the median Days Payable is 91.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nasdaq's current Days Payable is 20.45, which is 17% below median its own 10-year median of 24.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nasdaq stock overvalued right now?
Nasdaq (XSWX:NDAQ) has a current Days Payable of 20.45. The stock's GF Value™ is CHF63.12, compared to a current price of CHF63.99 — trading 1.4% above its estimated fair value. The current Days Payable is 20.45, which is 17% below median its 10-year median of 24.61 and 77.6% below the Capital Markets industry median of 91.35. Nasdaq's overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Nasdaq (XSWX:NDAQ), the current Days Payable is 20.45 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nasdaq (XSWX:NDAQ) Overvalued in 2026?
Based on GuruFocus' analysis, Nasdaq stock appears to be overvalued.
The current stock price of CHF63.99 is trading 1.4% above its estimated GF Value™ of CHF63.12.
Key valuation signals for XSWX:NDAQ:
Days Payable: 20.45 (17% below median its 10-year median of 24.61)
GF Value™: CHF63.12 vs. price of CHF63.99 (1.4% above fair value)
Industry Position: 77.6% below the Capital Markets median (#402 of 538)
No single metric tells the full story. See the XSWX:NDAQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
91GF Score
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