NasdaqNDAQ +1.24%91 Market Cap is $44,457 Mil as of Jun. 26, 2026. GuruFocus rates NDAQ with a GF Score™ of 91/100 and a GF Value™ of $77.49 (Fairly Valued). The stock has 3 warning signs investors should review. Among 828 Capital Markets companies, Nasdaq ranks better than 98.07% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Nasdaq's share price for the quarter that ended in Mar. 2026 was $84.89. Nasdaq's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 565 Mil. Therefore, Nasdaq's market cap for the quarter that ended in Mar. 2026 was $47,942 Mil.
Nasdaq's quarterly market cap
increased
from Sep. 2025 ($50,659 Mil) to Dec. 2025 ($55,354 Mil) but then
declined
from Dec. 2025 ($55,354 Mil) to Mar. 2026 ($47,942 Mil).
Nasdaq's annual market cap
increased
from Dec. 2023 ($33,440 Mil) to Dec. 2024 ($44,458 Mil) and
increased
from Dec. 2024 ($44,458 Mil) to Dec. 2025 ($55,354 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Nasdaq's Enterprise Value for Today is $51,527 Mil.
Nasdaq (NAS:NDAQ) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Nasdaq Market Cap Related Terms
Nasdaq Market Cap Historical Data
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The historical data trend for Nasdaq's Market Cap 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.
For the Financial Data & Stock Exchanges subindustry, Nasdaq's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nasdaq's Market Cap distribution charts can be found below:
* The bar in red indicates where Nasdaq's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Nasdaq's Market Cap 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 (NDAQ) has a Market Cap of $44,457 Mil as of Jun. 26, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Nasdaq and its competitors. According to the industry distribution chart, Nasdaq ranks #16 out of 828 companies in the Capital Markets industry, placing it in the top 1.9%.
Is Nasdaq's Market Cap too high?
Nasdaq's current Market Cap is $44,457 Mil. The Capital Markets industry median Market Cap is 55.26. Nasdaq's value of $44,457 Mil is 80349.9% above this industry median. Based on the distribution chart, Nasdaq ranks #16 out of 828 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Nasdaq has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nasdaq's Market Cap compare to COIN and MSCI?
According to the Capital Markets industry distribution chart, Nasdaq ranks #16 out of 828 companies for Market Cap. This places Nasdaq in the top 2% of its industry — outperforming the majority of peers. The industry median Market Cap is 55.26. Nasdaq's value of $44,457 Mil is 80349.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Capital Markets company?
The median Market Cap among Capital Markets companies is 55.26, based on 828 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nasdaq's current Market Cap of $44,457 Mil is 80349.9% above 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Nasdaq and its competitors. For the Capital Markets industry, the median Market Cap is 55.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nasdaq's current Market Cap is $44,457 Mil. 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?
Based on GuruFocus' analysis, Nasdaq (NDAQ) is currently considered Fairly Valued. The stock's GF Value™ is $77.49, compared to a current price of $78.61 — trading 1.4% above its estimated fair value. The current Market Cap is $44,457 Mil and 80349.9% above the Capital Markets industry median of 55.26. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Nasdaq (NDAQ), the current Market Cap is $44,457 Mil as of Jun. 26, 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 (NDAQ) Overvalued in 2026?
Based on GuruFocus' analysis, Nasdaq stock appears to be overvalued.
The current stock price of $78.61 is trading 1.4% above its estimated GF Value™ of $77.49.
GuruFocus considers Nasdaq to be Fairly Valued.
Key valuation signals for NDAQ:
Market Cap: $44,457 Mil
GF Value™: $77.49 vs. price of $78.61 (1.4% above fair value)
Industry Position: 80349.9% above the Capital Markets median (#16 of 828)
No single metric tells the full story. See the 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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