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 CHF67.12. 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 CHF37,906 Mil.
Nasdaq's quarterly market cap
stayed the same
from Sep. 2025 (CHF0 Mil) to Dec. 2025 (CHF0 Mil) but then
increased
from Dec. 2025 (CHF0 Mil) to Mar. 2026 (CHF37,906 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 CHF41,755 Mil.
Nasdaq (XSWX: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
* Premium members only.
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.
XSWX:NDAQ vs COIN, MSCI, CBOE: Market Cap Comparison
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 (XSWX:NDAQ) has a Market Cap of CHF36,022 Mil as of Jun. 27, 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 CHF36,022 Mil. 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, 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. 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. 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 CHF36,022 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?
Nasdaq (XSWX:NDAQ) has a current Market Cap of CHF36,022 Mil. 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 Market Cap is CHF36,022 Mil. 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 (XSWX:NDAQ), the current Market Cap is CHF36,022 Mil as of Jun. 27, 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:
Market Cap: CHF36,022 Mil
GF Value™: CHF63.12 vs. price of CHF63.99 (1.4% above fair value)
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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