Nasdaq (NDAQ) Capital Expenditures (2009 - 2026)

Nasdaq's (NDAQ) quarterly Capital Expenditures came in at $60.0 million in Q1 2026, up 22.45% year-on-year from $49.0 million in Q1 2025, and down 32.58% quarter-over-quarter from $89.0 million in Q4 2025.

Nasdaq (NDAQ) Capital Expenditures (2009 - 2026) Analysis & Trends

Nasdaq has disclosed Capital Expenditures across 18 years of filings, most recently posting $60.0 million for Q1 2026.

  • Capital Expenditures for Q1 2026 came in at $60.0 million, up 22.45% year-over-year; the trailing twelve-month figure through Mar 2026 was $277.0 million (up 27.65% YoY), and the FY2025 annual result was $266.0 million, up 28.5% from the prior year.
  • Capital Expenditures came in at $60.0 million for Q1 2026 at Nasdaq, down from $89.0 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $89.0 million in Q4 2025 to a low of $34.0 million in Q4 2022.
  • The 5-year median for Capital Expenditures is $42.0 million (2022), against an average of $49.6 million.
  • Across the five-year window, Capital Expenditures tumbled 32.0% in 2022 and soared 51.35% in 2024, its largest moves.
  • Nasdaq's Capital Expenditures stood at $34.0 million in 2022, then advanced by 23.53% to $42.0 million in 2023, then surged by 42.86% to $60.0 million in 2024, then surged by 48.33% to $89.0 million in 2025, then tumbled by 32.58% to $60.0 million in 2026.
  • The last three Capital Expenditures figures came in at $60.0 million (Q1 2026), $89.0 million (Q4 2025), and $69.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 S&P Global 122.27 Bn 125.38 Bn 2.94 Bn 27.00 Mn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 21.80 Mn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn 95.00 Mn
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - 64.00 Mn
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn 60.00 Mn
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn -
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn 26.00 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 19.20 Mn
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 65.20 Mn
10 Factset Research Systems 8.21 Bn 7.92 Bn 314.28 Mn 26.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 60.00 Mn
Mar 31, 2026 60.00 Mn
Dec 31, 2025 89.00 Mn
Dec 31, 2025 89.00 Mn
Sep 30, 2025 69.00 Mn
Sep 30, 2025 69.00 Mn
Jun 30, 2025 59.00 Mn
Jun 30, 2025 59.00 Mn
Mar 31, 2025 49.00 Mn
Mar 31, 2025 49.00 Mn
Dec 31, 2024 60.00 Mn
Dec 31, 2024 60.00 Mn
Sep 30, 2024 56.00 Mn
Sep 30, 2024 56.00 Mn
Jun 30, 2024 52.00 Mn
Jun 30, 2024 52.00 Mn
Mar 31, 2024 39.00 Mn
Mar 31, 2024 39.00 Mn
Dec 31, 2023 42.00 Mn
Dec 31, 2023 42.00 Mn