Nasdaq (NDAQ) Change in Account Payables (2009 - 2025)
Nasdaq (NDAQ) posted Change in Account Payables of -$411 million for Q3 2025, compared with -$140 million a year earlier.
Powered by 
Analysis
Nasdaq (NDAQ) Change in Account Payables (2009 - 2025) Analysis & Trends
For the trailing twelve months through Sep 30, 2025, Change in Account Payables at Nasdaq was -$74 million; for FY2024, it was $235 million.
- Annual Change in Account Payables shows a five-year compound annual growth rate of 59.2% (FY2019 to FY2024).
- In prior years, Nasdaq's Change in Account Payables was -$160 million in FY2023, $181 million in FY2022, -$162 million in FY2021 and $92 million in FY2020 (+300.0%).
- The Q3 2025 figure stands as the lowest quarterly Change in Account Payables in data going back to Q3 2009.
- On a year-over-year basis, Change in Account Payables increased in three of the last four quarters, with growth averaging 92.1%.
- The strongest year-over-year quarter for Change in Account Payables in the past five years was Q4 2024, with growth of 282.8%; the weakest was Q2 2021, with a decline of 73.9%.
- According to Business Quant data, Change in Account Payables for the three prior quarters was $147 million (Q2 2025), -$55 million (Q1 2025) and $245 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.29 Bn | 98.39 Bn | - | -7.40 Mn |
| 2 | Intercontinental Exchange | 91.73 Bn | 85.47 Bn | - | - |
| 3 | Robinhood Markets | 85.57 Bn | 66.60 Bn | - | - |
| 4 | Nasdaq | 57.08 Bn | 54.52 Bn | 1.48 Bn | - |
| 5 | Interactive Brokers | 36.00 Bn | 13.12 Bn | - | - |
| 6 | Cboe Global Markets | 35.61 Bn | 27.26 Bn | 731.60 Mn | - |
| 7 | Tradeweb Markets | 26.02 Bn | 18.03 Bn | - | - |
| 8 | LPL Financial Holdings | 25.19 Bn | 20.51 Bn | - | - |
| 9 | Circle Internet | 21.29 Bn | 15.17 Bn | 288.85 Mn | - |
| 10 | Xp | 16.10 Bn | -5.72 Bn | 105.39 Mn | -16.26 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -411.00 Mn |
| Jun 30, 2025 | 147.00 Mn |
| Mar 31, 2025 | -55.00 Mn |
| Dec 31, 2024 | 245.00 Mn |
| Sep 30, 2024 | -140.00 Mn |
| Jun 30, 2024 | 144.00 Mn |
| Mar 31, 2024 | -14.00 Mn |
| Dec 31, 2023 | 64.00 Mn |
| Sep 30, 2023 | -164.00 Mn |
| Jun 30, 2023 | 58.00 Mn |
| Mar 31, 2023 | -118.00 Mn |
| Dec 31, 2022 | 181.00 Mn |
| Sep 30, 2022 | -113.00 Mn |
| Jun 30, 2022 | 122.00 Mn |
| Mar 31, 2022 | -9.00 Mn |
| Dec 31, 2021 | 48.00 Mn |
| Sep 30, 2021 | -158.00 Mn |
| Jun 30, 2021 | 41.00 Mn |
| Mar 31, 2021 | -93.00 Mn |
| Dec 31, 2020 | 161.00 Mn |
API Access
Nasdaq Change in Account Payables 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=change-in-account-payables&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-account-payables", "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=change-in-account-payables&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();