Nasdaq (NDAQ) Change in Account Payables (2009 - 2025)

Nasdaq's (NDAQ) quarterly Change in Account Payables came in at -$411.0 million in Q3 2025, down 193.57% year-on-year from $439.2 million in Q3 2024, and down 379.59% quarter-over-quarter from $147.0 million in Q2 2025.

Nasdaq (NDAQ) Change in Account Payables (2009 - 2025) Analysis & Trends

Nasdaq has disclosed Change in Account Payables across 17 years of filings, most recently posting -$411.0 million for Q3 2025.

  • Change in Account Payables for Q3 2025 came in at -$411.0 million, down 193.57% year-over-year; the trailing twelve-month figure through Sep 2025 was -$74.0 million (down 237.04% YoY), and the FY2024 annual result was $235.0 million, up 246.88% from the prior year.
  • Change in Account Payables came in at -$411.0 million for Q3 2025 at Nasdaq, down from $147.0 million in the prior quarter.
  • In the past five years, Change in Account Payables ranged from a high of $245.0 million in Q4 2024 to a low of -$411.0 million in Q3 2025.
  • The 5-year median for Change in Account Payables is -$9.0 million (2022), against an average of -$11.8 million.
  • Across the five-year window, Change in Account Payables slumped 1211.11% in 2023 and soared 282.81% in 2024, its largest moves.
  • Nasdaq's Change in Account Payables stood at $48.0 million in 2021, then soared by 277.08% to $181.0 million in 2022, then tumbled by 64.64% to $64.0 million in 2023, then jumped by 282.81% to $245.0 million in 2024, then slumped by 267.76% to -$411.0 million in 2025.
  • The last three Change in Account Payables figures came in at -$411.0 million (Q3 2025), $147.0 million (Q2 2025), and -$55.0 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change Payables (Qtr)
1 S&P Global 122.27 Bn 125.38 Bn 2.94 Bn -
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 3.60 Mn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn -
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - -
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn -
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn -
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn -6.20 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn -
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 26.70 Mn
10 Factset Research Systems 8.21 Bn 7.92 Bn 314.28 Mn -

Historic Data

Download Data
DateValue
Sep 30, 2025 -411.00 Mn
Sep 30, 2025 -411.00 Mn
Jun 30, 2025 147.00 Mn
Jun 30, 2025 147.00 Mn
Mar 31, 2025 -55.00 Mn
Mar 31, 2025 -55.00 Mn
Dec 31, 2024 245.00 Mn
Dec 31, 2024 245.00 Mn
Sep 30, 2024 -140.00 Mn
Sep 30, 2024 -140.00 Mn
Jun 30, 2024 144.00 Mn
Jun 30, 2024 144.00 Mn
Mar 31, 2024 -14.00 Mn
Mar 31, 2024 -14.00 Mn
Dec 31, 2023 64.00 Mn
Dec 31, 2023 64.00 Mn
Sep 30, 2023 -164.00 Mn
Sep 30, 2023 -164.00 Mn
Jun 30, 2023 58.00 Mn
Jun 30, 2023 58.00 Mn