Nasdaq (NDAQ) Accumulated Expenses (2009 - 2026)
Nasdaq recorded quarterly Accumulated Expenses of $209.0 million in Q1 2026, down 42.58% quarter-over-quarter from $364.0 million in Q4 2025, and up 5.56% year-over-year from $198.0 million in Q1 2025.
Nasdaq's Accumulated Expenses history runs 18 years deep, the most recent figure standing at $209.0 million for Q1 2026.
- In Q1 2026, Accumulated Expenses rose 5.56% year-over-year to $209.0 million; the TTM figure through Mar 2026 stood at $209.0 million (up 5.56% YoY), while the FY2025 annual figure was $364.0 million, up 12.0% from the prior year.
- Accumulated Expenses came in at $209.0 million for Q1 2026 at Nasdaq, down from $364.0 million in the prior quarter.
- In the past five years, Accumulated Expenses ranged from a high of $364.0 million in Q4 2025 to a low of $156.0 million in Q2 2023.
- A 5-year average of $235.8 million and a median of $211.0 million in 2023 frame the typical range for Accumulated Expenses.
- Across the five-year window, Accumulated Expenses dropped 7.24% in 2022 and jumped 48.82% in 2024, its largest moves.
- Nasdaq's Accumulated Expenses stood at $243.0 million in 2022, then climbed by 24.69% to $303.0 million in 2023, then rose by 7.26% to $325.0 million in 2024, then rose by 12.0% to $364.0 million in 2025, then tumbled by 42.58% to $209.0 million in 2026.
- According to Business Quant data, Accumulated Expenses over the past three periods registered $209.0 million, $364.0 million, and $313.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 209.00 Mn |
| Dec 31, 2025 | 364.00 Mn |
| Sep 30, 2025 | 313.00 Mn |
| Jun 30, 2025 | 280.00 Mn |
| Mar 31, 2025 | 198.00 Mn |
| Dec 31, 2024 | 325.00 Mn |
| Sep 30, 2024 | 314.00 Mn |
| Jun 30, 2024 | 213.00 Mn |
| Mar 31, 2024 | 188.00 Mn |
| Dec 31, 2023 | 303.00 Mn |
| Sep 30, 2023 | 211.00 Mn |
| Jun 30, 2023 | 156.00 Mn |
| Mar 31, 2023 | 157.00 Mn |
| Dec 31, 2022 | 243.00 Mn |
| Sep 30, 2022 | 205.00 Mn |
| Jun 30, 2022 | 161.00 Mn |
| Mar 31, 2022 | 168.00 Mn |
| Dec 31, 2021 | 252.00 Mn |
| Sep 30, 2021 | 221.00 Mn |
| Jun 30, 2021 | 172.00 Mn |
| Mar 31, 2021 | 174.00 Mn |
| Dec 31, 2020 | 227.00 Mn |
| Sep 30, 2020 | 184.00 Mn |
| Jun 30, 2020 | 149.00 Mn |
| Mar 31, 2020 | 132.00 Mn |
| Dec 31, 2019 | 188.00 Mn |
| Sep 30, 2019 | 137.00 Mn |
| Jun 30, 2019 | 119.00 Mn |
| Mar 31, 2019 | 118.00 Mn |
| Dec 31, 2018 | 199.00 Mn |
| Sep 30, 2018 | 145.00 Mn |
| Jun 30, 2018 | 115.00 Mn |
| Mar 31, 2018 | 111.00 Mn |
| Dec 31, 2017 | 170.00 Mn |
| Sep 30, 2017 | 130.00 Mn |
| Jun 30, 2017 | 124.00 Mn |
| Mar 31, 2017 | 110.00 Mn |
| Dec 31, 2016 | 207.00 Mn |
| Sep 30, 2016 | 175.00 Mn |
| Jun 30, 2016 | 129.00 Mn |
| Mar 31, 2016 | 87.00 Mn |
| Dec 31, 2015 | 171.00 Mn |
| Sep 30, 2015 | 121.00 Mn |
| Jun 30, 2015 | 94.00 Mn |
| Mar 31, 2015 | 71.00 Mn |
| Dec 31, 2014 | 143.00 Mn |
| Sep 30, 2014 | 110.00 Mn |
| Jun 30, 2014 | 100.00 Mn |
| Mar 31, 2014 | 96.00 Mn |
| Dec 31, 2013 | 154.00 Mn |
| Sep 30, 2013 | 115.00 Mn |
| Jun 30, 2013 | 84.00 Mn |
| Mar 31, 2013 | 59.00 Mn |
| Dec 31, 2012 | 111.00 Mn |
| Sep 30, 2012 | 86.00 Mn |
| Jun 30, 2012 | 74.00 Mn |
| Mar 31, 2012 | 56.00 Mn |
| Dec 31, 2011 | 132.00 Mn |
| Sep 30, 2011 | 105.00 Mn |
| Jun 30, 2011 | 88.00 Mn |
| Mar 31, 2011 | 71.00 Mn |
| Dec 31, 2010 | 122.00 Mn |
| Sep 30, 2010 | 97.00 Mn |
| Jun 30, 2010 | 74.00 Mn |
| Dec 31, 2009 | 114.00 Mn |