Nasdaq (NDAQ) Current Deferred Revenue (2009 - 2026)
Nasdaq's Current Deferred Revenue came in at $819 million for Q3 2026, up 13.9% from $719 million a year earlier but down 12.0% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Current Deferred Revenue (2009 - 2026) Analysis & Trends
At the end of FY2025, Nasdaq's Current Deferred Revenue was $785 million, up 10.4% from FY2024.
- Current Deferred Revenue has increased in each of the last eight years, with a five-year compound annual growth rate of 27.3% (FY2020 to FY2025).
- Going back by year, Current Deferred Revenue was $711 million in FY2024 (+19.7%), $594 million in FY2023 (+66.4%), $357 million in FY2022 (+8.5%) and $329 million in FY2021 (+40.0%).
- The five-year range for quarterly Current Deferred Revenue is $329 million (Q4 2021) to $1.09 billion (Q1 2026).
- Year-over-year, Current Deferred Revenue has increased for 35 consecutive quarters, with growth averaging 12.8% over the last eight quarters.
- The year-over-year growth in Current Deferred Revenue has ranged between 7.3% (Q1 2023) and 66.4% (Q4 2023) over the last five years.
- Business Quant data shows NDAQ's Current Deferred Revenue at $931 million (Q2 2026), $1.09 billion (Q1 2026) and $785 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 819.00 Mn |
| Jun 30, 2026 | 931.00 Mn |
| Mar 31, 2026 | 1.09 Bn |
| Dec 31, 2025 | 785.00 Mn |
| Sep 30, 2025 | 719.00 Mn |
| Jun 30, 2025 | 848.00 Mn |
| Mar 31, 2025 | 981.00 Mn |
| Dec 31, 2024 | 711.00 Mn |
| Sep 30, 2024 | 663.00 Mn |
| Jun 30, 2024 | 736.00 Mn |
| Mar 31, 2024 | 866.00 Mn |
| Dec 31, 2023 | 594.00 Mn |
| Sep 30, 2023 | 451.00 Mn |
| Jun 30, 2023 | 558.00 Mn |
| Mar 31, 2023 | 664.00 Mn |
| Dec 31, 2022 | 357.00 Mn |
| Sep 30, 2022 | 415.00 Mn |
| Jun 30, 2022 | 512.00 Mn |
| Mar 31, 2022 | 619.00 Mn |
| Dec 31, 2021 | 329.00 Mn |
API Access
Nasdaq Current Deferred Revenue 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=current-deferred-revenue&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-deferred-revenue", "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=current-deferred-revenue&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();