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Nasdaq (NDAQ) Cost of Revenue (2016 - 2025)

Historic Cost of Revenue for Nasdaq (NDAQ) over the last 17 years, with Q4 2025 value amounting to $732.0 million.

  • Nasdaq's Cost of Revenue fell 884.18% to $732.0 million in Q4 2025 from the same period last year, while for Dec 2025 it was $3.0 billion, marking a year-over-year increase of 956.71%. This contributed to the annual value of $3.0 billion for FY2025, which is 952.38% up from last year.
  • As of Q4 2025, Nasdaq's Cost of Revenue stood at $732.0 million, which was down 884.18% from $643.0 million recorded in Q3 2025.
  • Nasdaq's 5-year Cost of Revenue high stood at $853.0 million for Q1 2025, and its period low was $508.0 million during Q2 2023.
  • Moreover, its 5-year median value for Cost of Revenue was $643.0 million (2022), whereas its average is $651.9 million.
  • Its Cost of Revenue has fluctuated over the past 5 years, first plummeted by 2564.47% in 2021, then surged by 5314.18% in 2025.
  • Over the past 5 years, Nasdaq's Cost of Revenue (Quarter) stood at $581.0 million in 2021, then rose by 16.18% to $675.0 million in 2022, then fell by 21.48% to $530.0 million in 2023, then soared by 51.51% to $803.0 million in 2024, then dropped by 8.84% to $732.0 million in 2025.
  • Its Cost of Revenue was $732.0 million in Q4 2025, compared to $643.0 million in Q3 2025 and $784.0 million in Q2 2025.