KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) Capital Expenditures (2009 - 2026)

Nasdaq recorded quarterly Capital Expenditures of $60.0 million in Q1 2026, down 32.58% quarter-over-quarter from $89.0 million in Q4 2025, and up 22.45% year-over-year from $49.0 million in Q1 2025.

Nasdaq's Capital Expenditures history runs 18 years deep, the most recent figure standing at $60.0 million for Q1 2026.

  • In Q1 2026, Capital Expenditures rose 22.45% year-over-year to $60.0 million; the TTM figure through Mar 2026 stood at $277.0 million (up 27.65% YoY), while the FY2025 annual figure 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.
  • A 5-year average of $49.6 million and a median of $42.0 million in 2022 frame the typical range for Capital Expenditures.
  • Across the five-year window, Capital Expenditures slumped 32.0% in 2022 and jumped 51.35% in 2024, its largest moves.
  • Nasdaq's Capital Expenditures stood at $34.0 million in 2022, then climbed by 23.53% to $42.0 million in 2023, then soared by 42.86% to $60.0 million in 2024, then soared by 48.33% to $89.0 million in 2025, then slumped by 32.58% to $60.0 million in 2026.
  • According to Business Quant data, Capital Expenditures over the past three periods registered $60.0 million, $89.0 million, and $69.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn 27.00 Mn
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn 21.80 Mn
3 Intercontinental Exchange 83.83 Bn 82.37 Bn - 64.00 Mn
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn 95.00 Mn
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn 60.00 Mn
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn -
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn 26.00 Mn
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn 19.20 Mn
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn 65.20 Mn
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn 26.00 Mn

Historic Data

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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
Sep 30, 2023 37.00 Mn
Sep 30, 2023 37.00 Mn
Jun 30, 2023 39.00 Mn
Jun 30, 2023 39.00 Mn
Mar 31, 2023 40.00 Mn
Mar 31, 2023 40.00 Mn
Dec 31, 2022 34.00 Mn
Dec 31, 2022 34.00 Mn
Sep 30, 2022 41.00 Mn
Sep 30, 2022 41.00 Mn
Jun 30, 2022 42.00 Mn
Jun 30, 2022 42.00 Mn
Mar 31, 2022 35.00 Mn
Mar 31, 2022 35.00 Mn
Dec 31, 2021 50.00 Mn
Dec 31, 2021 50.00 Mn
Sep 30, 2021 32.00 Mn
Sep 30, 2021 32.00 Mn
Jun 30, 2021 39.00 Mn
Jun 30, 2021 39.00 Mn
Mar 31, 2021 42.00 Mn
Mar 31, 2021 42.00 Mn
Dec 31, 2020 60.00 Mn
Dec 31, 2020 60.00 Mn
Sep 30, 2020 60.00 Mn
Sep 30, 2020 60.00 Mn
Jun 30, 2020 42.00 Mn
Jun 30, 2020 42.00 Mn
Mar 31, 2020 26.00 Mn
Mar 31, 2020 26.00 Mn
Dec 31, 2019 39.00 Mn
Dec 31, 2019 39.00 Mn
Sep 30, 2019 25.00 Mn
Sep 30, 2019 25.00 Mn
Jun 30, 2019 43.00 Mn
Jun 30, 2019 43.00 Mn
Mar 31, 2019 20.00 Mn
Mar 31, 2019 20.00 Mn
Dec 31, 2018 39.00 Mn
Dec 31, 2018 39.00 Mn
Sep 30, 2018 27.00 Mn
Sep 30, 2018 27.00 Mn
Jun 30, 2018 29.00 Mn
Jun 30, 2018 29.00 Mn
Mar 31, 2018 16.00 Mn
Mar 31, 2018 16.00 Mn
Dec 31, 2017 42.00 Mn
Dec 31, 2017 42.00 Mn
Sep 30, 2017 38.00 Mn
Sep 30, 2017 38.00 Mn
Jun 30, 2017 28.00 Mn
Jun 30, 2017 28.00 Mn
Mar 31, 2017 36.00 Mn
Mar 31, 2017 36.00 Mn
Dec 31, 2016 49.00 Mn
Dec 31, 2016 49.00 Mn
Sep 30, 2016 34.00 Mn
Sep 30, 2016 34.00 Mn
Jun 30, 2016 28.00 Mn
Jun 30, 2016 28.00 Mn
Mar 31, 2016 23.00 Mn
Mar 31, 2016 23.00 Mn
Dec 31, 2015 124.00 Mn
Dec 31, 2015 124.00 Mn
Sep 30, 2015 -50.00 Mn
Sep 30, 2015 -50.00 Mn
Jun 30, 2015 53.00 Mn
Jun 30, 2015 53.00 Mn
Mar 31, 2015 6.00 Mn
Mar 31, 2015 6.00 Mn
Dec 31, 2014 47.00 Mn
Dec 31, 2014 47.00 Mn
Sep 30, 2014 27.00 Mn
Sep 30, 2014 27.00 Mn
Jun 30, 2014 35.00 Mn
Jun 30, 2014 35.00 Mn
Mar 31, 2014 31.00 Mn
Mar 31, 2014 31.00 Mn
Dec 31, 2013 35.00 Mn
Dec 31, 2013 35.00 Mn
Sep 30, 2013 35.00 Mn
Sep 30, 2013 35.00 Mn
Jun 30, 2013 25.00 Mn
Jun 30, 2013 25.00 Mn
Mar 31, 2013 20.00 Mn
Mar 31, 2013 20.00 Mn
Dec 31, 2012 24.00 Mn
Dec 31, 2012 24.00 Mn
Sep 30, 2012 22.00 Mn
Sep 30, 2012 22.00 Mn
Jun 30, 2012 25.00 Mn
Jun 30, 2012 25.00 Mn
Mar 31, 2012 16.00 Mn
Mar 31, 2012 16.00 Mn
Dec 31, 2011 37.00 Mn
Dec 31, 2011 37.00 Mn
Sep 30, 2011 27.00 Mn
Sep 30, 2011 27.00 Mn
Jun 30, 2011 14.00 Mn
Jun 30, 2011 14.00 Mn
Mar 31, 2011 10.00 Mn
Mar 31, 2011 10.00 Mn
Dec 31, 2010 10.00 Mn
Dec 31, 2010 10.00 Mn
Sep 30, 2010 12.00 Mn
Sep 30, 2010 12.00 Mn
Jun 30, 2010 9.00 Mn
Jun 30, 2010 9.00 Mn
Mar 31, 2010 11.00 Mn
Mar 31, 2010 11.00 Mn
Dec 31, 2009 13.00 Mn
Dec 31, 2009 13.00 Mn
Sep 30, 2009 15.00 Mn
Sep 30, 2009 15.00 Mn