Nasdaq (Nasdaq) EBIT : $1,663 Mil (TTM As of Dec. 2023)

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What is Nasdaq EBIT?

Nasdaq's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $384 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,663 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nasdaq's annualized ROC % for the quarter that ended in Dec. 2023 was 5.42%. Nasdaq's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 160.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nasdaq's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.73%.

Nasdaq EBIT Historical Data

The historical data trend for Nasdaq's EBIT 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.

* Premium members only.

Nasdaq EBIT Chart

Nasdaq Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,134.00

1,305.00

1,649.00

1,595.00

1,673.00

Nasdaq Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															431.00	371.00	488.00	384.00	420.00

Competitive Comparison of Nasdaq's EBIT

For the Financial Data & Stock Exchanges subindustry, Nasdaq's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nasdaq's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nasdaq's EV-to-EBIT falls into.

Nasdaq EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,663 Mil.

Nasdaq (NAS:NDAQ) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Nasdaq's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1924 * ( 1 - 29.5% )	/	( (18531	+	31504)	/ 2 )
=	1356.42	/	25017.5
=	5.42 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	24350	-	516	-	( 5612	-	max(0, 7048	-	12351	+	5612	))
=	18531

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	32294	-	719	-	( 641	-	max(0, 9025	-	9096	+	641	))
=	31504

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Nasdaq's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1536	/	( ( (939 + max(-309, 0))	+	(978 + max(-279, 0)) )	/	2 )
=	1536	/	( ( 939	+	978 )	/	2 )
=	1536	/	958.5
=	160.25 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(595	+	0	+	6144)	-	(516	+	451	+	6081)
=	-309

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(929	+	0	+	7526)	-	(719	+	594	+	7421)
=	-279

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Nasdaq's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1663	/	44553.485
	=	3.73 %

Nasdaq EBIT Related Terms

Thank you for viewing the detailed overview of Nasdaq's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Nasdaq (Nasdaq) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nasdaq Inc (NAS:NDAQ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

NDAQ:Mexico NAQ:Germany NAQ:Germany NAQ:Germany N1DA34:Brazil NDAQ:Austria

Address

151 W. 42nd Street, New York, NY, USA, 10036

Website

https://www.nasdaq.com

Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.

Executives

Adenza Parent, Lp	director, 10 percent owner	ONE MARKET PLAZA, SPEAR TOWER, SUITE 2400, SAN FRANCISCO CA 94150
Spaht Paul Holden Jr.	director	600 MONTGOMERY STREET, 20TH FLOOR, SAN FRANCISCO CA 94111
Thoma Bravo Ugp, Llc	director, 10 percent owner	110 N. WACKER DRIVE, 32ND FLOOR, CHICAGO IL 60606
Ann M Dennison	officer: Controller and Prin Acctg Ofcr	ONE LIBERTY PLAZA, NEW YORK NY 10006
Johan Torgeby	director	151 W. 42ND STREET, NEW YORK NY 10036
Jeffery W Yabuki	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Adena T Friedman	officer: Executive Vice President	1801 K STREET, N.W., WASHINGTON DC 20006
Michael R Splinter	director
Steven D Black	director	C/O JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Bryan Everard Smith	officer: Executive Vice President	151 W. 42ND STREET, NEW YORK NY 10036
Michelle Lynn Daly	officer: Controller and Prin Acctg Ofcr	151 W. 42ND STREET, NEW YORK NY 10036
Brendan Brothers	officer: Interim Head of AFC	151 W. 42ND STREET, NEW YORK NY 10036
Jeremy Skule	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK MD 20850
Bradley J Peterson	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK NY 10006
Pc Nelson Griggs	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK NY 10006