Nasdaq (NDAQ) Capital Expenditures (2009 - 2026)
Nasdaq (NDAQ) posted Capital Expenditures of $62 million for Q3 2026, down 10.1% from $69 million a year earlier and down 19.5% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Capital Expenditures (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Capital Expenditures at Nasdaq was $288 million, up 21.5% year-over-year; for FY2025, it came in at $266 million, up 28.5% from FY2024.
- Annual Capital Expenditures has increased for three consecutive years, with a five-year compound annual growth rate of 7.2% (FY2020 to FY2025).
- In prior years, Nasdaq's Capital Expenditures was $207 million in FY2024 (+31.0%), $158 million in FY2023 (+3.9%), $152 million in FY2022 (-6.7%) and $163 million in FY2021 (-13.3%).
- Quarterly Capital Expenditures has run from a low of $34 million in Q4 2022 to a high of $89 million in Q4 2025 over five years.
- On a year-over-year basis, Capital Expenditures increased in seven of the last eight quarters, with growth averaging 24.5%.
- The strongest year-over-year quarter for Capital Expenditures in the past five years was Q3 2024, with growth of 51.4%; the weakest was Q4 2022, with a decline of 32.0%.
- According to Business Quant data, Capital Expenditures for the three prior quarters was $77 million (Q2 2026), $60 million (Q1 2026) and $89 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 15.80 Mn |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - | 683.00 Mn |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn | 110.00 Mn |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - | 10.00 Mn |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn | 62.00 Mn |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - | 345.00 Mn |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn | 24.10 Mn |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - | 44.00 Mn |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - | 22.20 Mn |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - | 9.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 62.00 Mn |
| Jun 30, 2026 | 77.00 Mn |
| Mar 31, 2026 | 60.00 Mn |
| Dec 31, 2025 | 89.00 Mn |
| Sep 30, 2025 | 69.00 Mn |
| Jun 30, 2025 | 59.00 Mn |
| Mar 31, 2025 | 49.00 Mn |
| Dec 31, 2024 | 60.00 Mn |
| Sep 30, 2024 | 56.00 Mn |
| Jun 30, 2024 | 52.00 Mn |
| Mar 31, 2024 | 39.00 Mn |
| Dec 31, 2023 | 42.00 Mn |
| Sep 30, 2023 | 37.00 Mn |
| Jun 30, 2023 | 39.00 Mn |
| Mar 31, 2023 | 40.00 Mn |
| Dec 31, 2022 | 34.00 Mn |
| Sep 30, 2022 | 41.00 Mn |
| Jun 30, 2022 | 42.00 Mn |
| Mar 31, 2022 | 35.00 Mn |
| Dec 31, 2021 | 50.00 Mn |
API Access
Nasdaq Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "NDAQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();