Nasdaq (NDAQ) Cost of Revenue: 2009-2025
Historic Cost of Revenue for Nasdaq (NDAQ) over the last 17 years, with Sep 2025 value amounting to $643.0 million.
- Nasdaq's Cost of Revenue fell 14.95% to $643.0 million in Q3 2025 from the same period last year, while for Sep 2025 it was $3.1 billion, marking a year-over-year increase of 24.52%. This contributed to the annual value of $2.8 billion for FY2024, which is 26.83% up from last year.
- Latest data reveals that Nasdaq reported Cost of Revenue of $643.0 million as of Q3 2025, which was down 17.98% from $784.0 million recorded in Q2 2025.
- In the past 5 years, Nasdaq's Cost of Revenue ranged from a high of $853.0 million in Q1 2025 and a low of $508.0 million during Q2 2023.
- In the last 3 years, Nasdaq's Cost of Revenue had a median value of $633.0 million in 2024 and averaged $654.3 million.
- As far as peak fluctuations go, Nasdaq's Cost of Revenue declined by 25.64% in 2021, and later soared by 53.14% in 2025.
- Quarterly analysis of 5 years shows Nasdaq's Cost of Revenue stood at $581.0 million in 2021, then climbed by 16.18% to $675.0 million in 2022, then decreased by 21.48% to $530.0 million in 2023, then surged by 51.51% to $803.0 million in 2024, then declined by 14.95% to $643.0 million in 2025.
- Its Cost of Revenue was $643.0 million in Q3 2025, compared to $784.0 million in Q2 2025 and $853.0 million in Q1 2025.