Nasdaq (NDAQ) Common Equity (2009 - 2026)
Nasdaq's Common Equity was $12 billion in Q3 2026, down 0.2% from $12.03 billion a year earlier but up 0.1% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Common Equity (2009 - 2026) Analysis & Trends
At the end of FY2025, Common Equity at Nasdaq came in at $12.23 billion, up 9.2% from FY2024.
- Common Equity has now increased for three consecutive years, with a five-year compound annual growth rate of 13.7% (FY2020 to FY2025).
- In earlier years, Common Equity was $11.2 billion in FY2024 (+3.4%), $10.83 billion in FY2023 (+75.6%), $6.16 billion in FY2022 (-3.8%) and $6.41 billion in FY2021 (-0.5%).
- Quarterly Common Equity has moved between $5.85 billion (Q2 2022) and $12.23 billion (Q4 2025) over five years.
- Compared with a year earlier, Common Equity was higher in seven of the last eight quarters, with growth averaging 5.2%.
- The best year-over-year quarter for Common Equity over five years was Q4 2023 (growth of 75.6%); the worst was Q2 2022 (a decline of 12.3%).
- Per Business Quant data, NDAQ's Common Equity in the three quarters before Q3 2026 was $11.99 billion (Q2 2026), $12.04 billion (Q1 2026) and $12.23 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 108.95 Bn | 97.29 Bn | - | 26.56 Bn |
| 2 | Bank of New York Mellon | 102.82 Bn | 36.44 Bn | - | 44.04 Bn |
| 3 | Intercontinental Exchange | 98.21 Bn | 91.10 Bn | - | 29.95 Bn |
| 4 | Robinhood Markets | 74.92 Bn | 54.46 Bn | - | 10.08 Bn |
| 5 | Nasdaq | 60.69 Bn | 58.13 Bn | 1.48 Bn | 12.00 Bn |
| 6 | State Street | 46.98 Bn | 46.98 Bn | - | - |
| 7 | Cboe Global Markets | 36.89 Bn | 27.37 Bn | 712.20 Mn | 5.93 Bn |
| 8 | Interactive Brokers | 35.15 Bn | 11.46 Bn | - | 23.25 Bn |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 13.36 Bn |
| 10 | Tradeweb Markets | 27.24 Bn | 19.05 Bn | - | 7.33 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.00 Bn |
| Jun 30, 2026 | 11.99 Bn |
| Mar 31, 2026 | 12.04 Bn |
| Dec 31, 2025 | 12.23 Bn |
| Sep 30, 2025 | 12.03 Bn |
| Jun 30, 2025 | 11.82 Bn |
| Mar 31, 2025 | 11.56 Bn |
| Dec 31, 2024 | 11.20 Bn |
| Sep 30, 2024 | 11.08 Bn |
| Jun 30, 2024 | 10.91 Bn |
| Mar 31, 2024 | 10.82 Bn |
| Dec 31, 2023 | 10.83 Bn |
| Sep 30, 2023 | 6.48 Bn |
| Jun 30, 2023 | 6.25 Bn |
| Mar 31, 2023 | 6.18 Bn |
| Dec 31, 2022 | 6.16 Bn |
| Sep 30, 2022 | 5.88 Bn |
| Jun 30, 2022 | 5.85 Bn |
| Mar 31, 2022 | 6.02 Bn |
| Dec 31, 2021 | 6.41 Bn |
API Access
Nasdaq Common Equity 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=common-equity&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();