Nasdaq Inc (NDAQ) — Tangible Net Worth Ratio
Nasdaq Inc (NDAQ) has a Tangible Net Worth Ratio of 46.8% as of December 2025. This metric is calculated by deducting intangible assets ($6.51 Billion) from net assets ($12.23 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See how liquid is Nasdaq Inc's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Nasdaq Inc Tangible Net Worth Ratio (2000–2025)
This chart shows how Nasdaq Inc's Tangible Net Worth Ratio has changed across 26 annual periods from 2000 to 2025. As of December 2025, the ratio stands at 46.8%, reflecting net assets of $12.23 Billion with intangible assets of $6.51 Billion USD. See NDAQ cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Nasdaq Inc (2000–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Nasdaq Inc from 2000 to 2025, covering 26 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Nasdaq Inc market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 46.8% | $12.23 Billion | $6.51 Billion | $31.05 Billion | ▲ +8.4 pp |
| 2024 | 38.3% | $11.20 Billion | $6.91 Billion | $30.39 Billion | ▲ +7.1 pp |
| 2023 | 31.3% | $10.83 Billion | $7.44 Billion | $32.29 Billion | ▼ -26.9 pp |
| 2022 | 58.1% | $6.16 Billion | $2.58 Billion | $20.87 Billion | ▲ +2.0 pp |
| 2021 | 56.1% | $6.41 Billion | $2.81 Billion | $20.11 Billion | ▼ -8.9 pp |
| 2020 | 65.0% | $6.44 Billion | $2.25 Billion | $17.98 Billion | ▲ +4.8 pp |
| 2019 | 60.1% | $5.64 Billion | $2.25 Billion | $13.92 Billion | ▲ +2.3 pp |
| 2018 | 57.8% | $5.45 Billion | $2.30 Billion | $15.70 Billion | ▼ -0.3 pp |
| 2017 | 58.1% | $5.89 Billion | $2.47 Billion | $15.79 Billion | ▼ -3.4 pp |
| 2016 | 61.4% | $5.43 Billion | $2.09 Billion | $14.15 Billion | ▼ -3.6 pp |
| 2015 | 65.1% | $5.61 Billion | $1.96 Billion | $11.86 Billion | ▲ +0.9 pp |
| 2014 | 64.2% | $5.79 Billion | $2.08 Billion | $12.09 Billion | ▲ +2.7 pp |
| 2013 | 61.4% | $6.18 Billion | $2.39 Billion | $12.58 Billion | ▼ -6.9 pp |
| 2012 | 68.3% | $5.21 Billion | $1.65 Billion | $9.13 Billion | ▲ +1.4 pp |
| 2011 | 66.9% | $4.99 Billion | $1.65 Billion | $14.09 Billion | ▲ +3.3 pp |
| 2010 | 63.6% | $4.73 Billion | $1.72 Billion | $16.21 Billion | ▼ -3.4 pp |
| 2009 | 67.0% | $4.94 Billion | $1.63 Billion | $10.72 Billion | ▲ +4.2 pp |
| 2008 | 62.8% | $4.26 Billion | $1.58 Billion | $12.69 Billion | ▼ -28.9 pp |
| 2007 | 91.8% | $2.21 Billion | $181.61 Million | $2.98 Billion | ▲ +5.5 pp |
| 2006 | 86.3% | $1.46 Billion | $199.62 Million | $3.72 Billion | ▲ +449.8 pp |
| 2005 | -363.5% | $254.00 Million | $1.18 Billion | $2.05 Billion | ▼ -347.2 pp |
| 2004 | -16.4% | $156.56 Million | $182.17 Million | $814.82 Million | ▼ -115.8 pp |
| 2003 | 99.5% | $160.70 Million | $871.00K | $851.25 Million | ▲ +5.8 pp |
| 2002 | 93.7% | $264.39 Million | $16.64 Million | $1.18 Billion | ▼ -2.8 pp |
| 2001 | 96.5% | $523.76 Million | $18.40 Million | $1.33 Billion | ▼ -1.1 pp |
| 2000 | 97.5% | $660.70 Million | $16.20 Million | $1.16 Billion | — |