Nasdaq Inc (NDAQ) — Cash Flow Quality Index
Latest as of December 2025:
1.21x
Nasdaq Inc (NDAQ) has a Cash Flow Quality Index of 1.21x as of December 2025. Operating cash flow of $625.00 Million exceeds net income of $518.00 Million, indicating high earnings quality where cash backs reported profits. Explore Nasdaq Inc (NDAQ) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.21x
Operating CF / Net Income
Operating Cash Flow
$625.00 Million
USD
Net Income
$518.00 Million
USD
Data as of
Dec 2025
Most recent filing
Nasdaq Inc Cash Flow Quality Index (2000–2025)
Historical Cash Flow Quality Index for Nasdaq Inc across 25 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Nasdaq Inc cash conversion from operations.
Annual Cash Flow Quality Index for Nasdaq Inc (2000–2025)
Year-by-year earnings quality comparison for Nasdaq Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.26x | $2.25 Billion | $1.79 Billion | ▼ -27.4% |
| 2024 | 1.74x | $1.94 Billion | $1.11 Billion | ▲ +8.4% |
| 2023 | 1.60x | $1.70 Billion | $1.06 Billion | ▲ +5.6% |
| 2022 | 1.52x | $1.71 Billion | $1.12 Billion | ▲ +66.5% |
| 2021 | 0.91x | $1.08 Billion | $1.19 Billion | ▼ -32.0% |
| 2020 | 1.34x | $1.25 Billion | $933.00 Million | ▲ +7.9% |
| 2019 | 1.24x | $963.00 Million | $774.00 Million | ▼ -44.6% |
| 2018 | 2.24x | $1.03 Billion | $458.00 Million | ▲ +81.2% |
| 2017 | 1.24x | $909.00 Million | $734.00 Million | ▼ -81.5% |
| 2016 | 6.69x | $722.00 Million | $108.00 Million | ▲ +316.7% |
| 2015 | 1.60x | $685.00 Million | $427.00 Million | ▼ -3.6% |
| 2014 | 1.66x | $687.00 Million | $413.00 Million | ▲ +11.3% |
| 2013 | 1.49x | $574.00 Million | $384.00 Million | ▼ -12.2% |
| 2012 | 1.70x | $594.00 Million | $349.00 Million | ▼ -2.6% |
| 2011 | 1.75x | $669.00 Million | $383.00 Million | ▲ +54.4% |
| 2010 | 1.13x | $440.00 Million | $389.00 Million | ▼ -48.9% |
| 2009 | 2.21x | $582.00 Million | $263.00 Million | ▲ +73.6% |
| 2008 | 1.27x | $407.73 Million | $319.88 Million | ▲ +281.4% |
| 2007 | 0.33x | $173.24 Million | $518.40 Million | ▼ -78.7% |
| 2006 | 1.57x | $201.07 Million | $127.89 Million | ▼ -19.8% |
| 2005 | 1.96x | $120.90 Million | $61.69 Million | ▼ -97.0% |
| 2004 | 64.87x | $117.03 Million | $1.80 Million | ▲ +1680.3% |
| 2002 | 3.64x | $157.15 Million | $43.13 Million | ▲ +126.7% |
| 2001 | 1.61x | $65.03 Million | $40.46 Million | ▼ -85.3% |
| 2000 | 10.97x | $255.55 Million | $23.31 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.