Nasdaq Inc (NDAQ) — Capital Reinvestment Ratio
Nasdaq Inc (NDAQ) has a Capital Reinvestment Ratio of 0.14x as of December 2025, meaning it reinvests 0% of its operating cash flow ($625.00 Million) in capital expenditures ($89.00 Million). Check NDAQ tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Nasdaq Inc Capital Reinvestment Ratio (2000–2025)
This chart tracks Nasdaq Inc's Capital Reinvestment Ratio across 26 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Nasdaq Inc.
Annual Capital Reinvestment Ratio for Nasdaq Inc (2000–2025)
Year-by-year Capital Reinvestment Ratio for Nasdaq Inc from 2000 to 2025. See Nasdaq Inc (NDAQ) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.12x | $2.25 Billion | $266.00 Million | ▲ +10.5% |
| 2024 | 0.11x | $1.94 Billion | $207.00 Million | ▲ +14.6% |
| 2023 | 0.09x | $1.70 Billion | $158.00 Million | ▲ +4.6% |
| 2022 | 0.09x | $1.71 Billion | $152.00 Million | ▼ -40.8% |
| 2021 | 0.15x | $1.08 Billion | $163.00 Million | ▲ +0.2% |
| 2020 | 0.15x | $1.25 Billion | $188.00 Million | ▲ +13.9% |
| 2019 | 0.13x | $963.00 Million | $127.00 Million | ▲ +22.1% |
| 2018 | 0.11x | $1.03 Billion | $111.00 Million | ▼ -31.8% |
| 2017 | 0.16x | $909.00 Million | $144.00 Million | ▼ -14.6% |
| 2016 | 0.19x | $722.00 Million | $134.00 Million | ▼ -4.4% |
| 2015 | 0.19x | $685.00 Million | $133.00 Million | ▼ -4.7% |
| 2014 | 0.20x | $687.00 Million | $140.00 Million | ▲ +1.7% |
| 2013 | 0.20x | $574.00 Million | $115.00 Million | ▲ +36.8% |
| 2012 | 0.15x | $594.00 Million | $87.00 Million | ▲ +11.3% |
| 2011 | 0.13x | $669.00 Million | $88.00 Million | ▲ +37.8% |
| 2010 | 0.10x | $440.00 Million | $42.00 Million | ▼ -5.8% |
| 2009 | 0.10x | $582.00 Million | $59.00 Million | ▼ -24.5% |
| 2008 | 0.13x | $407.73 Million | $54.72 Million | ▲ +25.7% |
| 2007 | 0.11x | $173.24 Million | $18.49 Million | ▲ +2.0% |
| 2006 | 0.10x | $201.07 Million | $21.04 Million | ▼ -50.2% |
| 2005 | 0.21x | $120.90 Million | $25.40 Million | ▼ -5.5% |
| 2004 | 0.22x | $117.03 Million | $26.03 Million | ▼ -25.9% |
| 2003 | 0.30x | $105.27 Million | $31.59 Million | ▼ -44.8% |
| 2002 | 0.54x | $157.15 Million | $85.40 Million | ▼ -71.2% |
| 2001 | 1.88x | $65.03 Million | $122.56 Million | ▲ +145.8% |
| 2000 | 0.77x | $255.55 Million | $195.90 Million | — |