KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) Current Deferred Revenue (2009 - 2026)

Nasdaq recorded quarterly Current Deferred Revenue of $1.2 billion in Q1 2026, up 50.32% quarter-over-quarter from $785.0 million in Q4 2025, and up 11.53% year-over-year from $1.1 billion in Q1 2025.

Nasdaq's Current Deferred Revenue history runs 18 years deep, the most recent figure standing at $1.2 billion for Q1 2026.

  • In Q1 2026, Current Deferred Revenue rose 11.53% year-over-year to $1.2 billion; the TTM figure through Mar 2026 stood at $1.2 billion (up 11.53% YoY), while the FY2025 annual figure was $785.0 million, changed 0.38% from the prior year.
  • Current Deferred Revenue came in at $1.2 billion for Q1 2026 at Nasdaq, up from $785.0 million in the prior quarter.
  • In the past five years, Current Deferred Revenue ranged from a high of $1.2 billion in Q1 2026 to a low of $415.0 million in Q3 2022.
  • A 5-year average of $723.8 million and a median of $675.0 million in 2023 frame the typical range for Current Deferred Revenue.
  • Across the five-year window, Current Deferred Revenue jumped 50.67% in 2023 and fell 0.38% in 2025, its largest moves.
  • Nasdaq's Current Deferred Revenue stood at $448.0 million in 2022, then surged by 50.67% to $675.0 million in 2023, then rose by 16.74% to $788.0 million in 2024, then retreated by 0.38% to $785.0 million in 2025, then surged by 50.32% to $1.2 billion in 2026.
  • According to Business Quant data, Current Deferred Revenue over the past three periods registered $1.2 billion, $785.0 million, and $801.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn
3 Intercontinental Exchange 83.83 Bn 82.37 Bn -
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn

Historic Data

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DateValue
Mar 31, 2026 1.18 Bn
Dec 31, 2025 785.00 Mn
Sep 30, 2025 801.00 Mn
Jun 30, 2025 929.00 Mn
Mar 31, 2025 1.06 Bn
Dec 31, 2024 788.00 Mn
Sep 30, 2024 663.00 Mn
Jun 30, 2024 736.00 Mn
Mar 31, 2024 944.00 Mn
Dec 31, 2023 675.00 Mn
Sep 30, 2023 451.00 Mn
Jun 30, 2023 636.00 Mn
Mar 31, 2023 664.00 Mn
Dec 31, 2022 448.00 Mn
Sep 30, 2022 415.00 Mn
Jun 30, 2022 512.00 Mn
Mar 31, 2022 619.00 Mn
Dec 31, 2021 448.00 Mn
Sep 30, 2021 380.00 Mn
Jun 30, 2021 451.00 Mn
Mar 31, 2021 519.00 Mn
Dec 31, 2020 306.00 Mn
Sep 30, 2020 290.00 Mn
Jun 30, 2020 351.00 Mn
Mar 31, 2020 472.00 Mn
Dec 31, 2019 274.00 Mn
Sep 30, 2019 337.00 Mn
Jun 30, 2019 333.00 Mn
Mar 31, 2019 402.00 Mn
Dec 31, 2018 281.00 Mn
Sep 30, 2018 257.00 Mn
Jun 30, 2018 310.00 Mn
Mar 31, 2018 492.00 Mn
Dec 31, 2017 161.00 Mn
Sep 30, 2017 361.00 Mn
Jun 30, 2017 265.00 Mn
Mar 31, 2017 486.00 Mn
Dec 31, 2016 -24.00 Mn
Sep 30, 2016 407.00 Mn
Jun 30, 2016 474.00 Mn
Mar 31, 2016 492.00 Mn
Dec 31, 2015 327.00 Mn
Sep 30, 2015 164.00 Mn
Jun 30, 2015 231.00 Mn
Mar 31, 2015 282.00 Mn
Dec 31, 2014 392.00 Mn
Sep 30, 2014 191.00 Mn
Jun 30, 2014 230.00 Mn
Mar 31, 2014 276.00 Mn
Dec 31, 2013 151.00 Mn
Sep 30, 2013 187.00 Mn
Jun 30, 2013 222.00 Mn
Mar 31, 2013 250.00 Mn
Dec 31, 2012 139.00 Mn
Sep 30, 2012 165.00 Mn
Jun 30, 2012 361.00 Mn
Mar 31, 2012 237.00 Mn
Dec 31, 2011 124.00 Mn
Sep 30, 2011 310.00 Mn
Jun 30, 2011 372.00 Mn
Mar 31, 2011 409.00 Mn
Dec 31, 2010 292.00 Mn
Sep 30, 2010 325.00 Mn
Jun 30, 2010 345.00 Mn
Dec 31, 2009 265.00 Mn