Nasdaq (NDAQ) Cash from Operations (2009 - 2026)

Nasdaq's (NDAQ) quarterly Cash from Operations came in at 689000000.0 in Q1 2026, up 3.92% year-on-year from 663000000.0 in Q1 2025, and up 10.24% quarter-over-quarter from 625000000.0 in Q4 2025.

Nasdaq (NDAQ) Cash from Operations (2009 - 2026) Analysis & Trends

Nasdaq has disclosed Cash from Operations across 18 years of filings, most recently posting 689000000.0 for Q1 2026.

  • Cash from Operations for Q1 2026 came in at 689000000.0, up 3.92% year-over-year; the trailing twelve-month figure through Mar 2026 was 2281000000.0 (up 10.09% YoY), and the FY2025 annual result was 2255000000.0, up 16.3% from the prior year.
  • Cash from Operations came in at 689000000.0 for Q1 2026 at Nasdaq, up from 625000000.0 in the prior quarter.
  • In the past five years, Cash from Operations ranged from a high of 746000000.0 in Q2 2025 to a low of 221000000.0 in Q3 2025.
  • The 5-year median for Cash from Operations is 494000000.0 (2022), against an average of 487352941.18.
  • Across the five-year window, Cash from Operations surged 413.7% in 2022 and declined 18.67% in 2024, its largest moves.
  • Nasdaq's Cash from Operations stood at 494000000.0 in 2022, then decreased by 15.59% to 417000000.0 in 2023, then jumped by 69.06% to 705000000.0 in 2024, then dropped by 11.35% to 625000000.0 in 2025, then climbed by 10.24% to 689000000.0 in 2026.
  • The last three Cash from Operations figures came in at 689000000.0 (Q1 2026), 625000000.0 (Q4 2025), and 221000000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Ops. (Qtr)
1 S&P Global 122.27 Bn 125.38 Bn 2.94 Bn 1.04 Bn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 1.26 Bn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn 939.00 Mn
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - 1.33 Bn
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn 689.00 Mn
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn 182.74 Mn
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn 306.80 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 1.96 Bn
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 84.20 Mn
10 Factset Research Systems 8.21 Bn 7.92 Bn 314.28 Mn 211.69 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 689.00 Mn
Mar 31, 2026 689.00 Mn
Dec 31, 2025 625.00 Mn
Dec 31, 2025 625.00 Mn
Sep 30, 2025 221.00 Mn
Sep 30, 2025 221.00 Mn
Jun 30, 2025 746.00 Mn
Jun 30, 2025 746.00 Mn
Mar 31, 2025 663.00 Mn
Mar 31, 2025 663.00 Mn
Dec 31, 2024 705.00 Mn
Dec 31, 2024 705.00 Mn
Sep 30, 2024 244.00 Mn
Sep 30, 2024 244.00 Mn
Jun 30, 2024 460.00 Mn
Jun 30, 2024 460.00 Mn
Mar 31, 2024 530.00 Mn
Mar 31, 2024 530.00 Mn
Dec 31, 2023 417.00 Mn
Dec 31, 2023 417.00 Mn