Nasdaq (NDAQ) Debt Ratio (2009 - 2026)

Nasdaq (NDAQ) posted quarterly Debt Ratio of 0.32 for Q2 2026, up 6.08% year-on-year from 0.3 in Q2 2025, and down 2.33% on a QoQ basis from 0.33 in Q1 2026.

Nasdaq (NDAQ) Debt Ratio (2009 - 2026) Analysis & Trends

Nasdaq (NDAQ) has reported Debt Ratio for 18 consecutive years, with 0.32 the latest figure, recorded in Q2 2026.

  • Quarterly Debt Ratio rose 6.08% year-over-year to 0.32 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.32 (up 6.08% YoY) and the FY2025 annual result came in at 0.29, down 7.03% from the prior year.
  • Debt Ratio slipped to 0.32 in Q2 2026 per NDAQ's latest filing, from 0.33 in the prior quarter.
  • Over the last five years, Debt Ratio for NDAQ reached as high as 0.4 in Q3 2023 and fell as low as 0.23 in Q3 2022.
  • A 5-year average of 0.31 and a median of 0.31 in 2024 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2022 — Debt Ratio declined 27.32% — and 2023, when it soared 70.17%.
  • Year by year, Debt Ratio stood at 0.26 in 2022, then grew by 25.12% to 0.32 in 2023, then retreated by 3.65% to 0.31 in 2024, then fell by 7.03% to 0.29 in 2025, then grew by 10.51% to 0.32 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.32, 0.33, and 0.29 for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Bit Origin 1,110.84 Bn 1,110.84 Bn - -
2 S&P Global 130.72 Bn 128.91 Bn 2.94 Bn 0.22
3 Cme 92.16 Bn 92.16 Bn 1.65 Bn 0.02
4 Moodys 84.72 Bn 83.22 Bn 1.67 Bn 0.51
5 Intercontinental Exchange 84.12 Bn 82.38 Bn - 0.11
6 Nasdaq 53.10 Bn 52.38 Bn 1.50 Bn 0.32
7 Coinbase Global 44.25 Bn 33.81 Bn 1.33 Bn 0.27
8 Msci 41.65 Bn 41.29 Bn 717.10 Mn 1.14
9 Cboe Global Markets 30.13 Bn 27.96 Bn 728.90 Mn 0.13
10 TransUnion 14.77 Bn 14.04 Bn 726.20 Mn 0.47

Historic Data

Download Data
DateValue
Jun 30, 2026 0.32
Mar 31, 2026 0.33
Dec 31, 2025 0.29
Sep 30, 2025 0.30
Jun 30, 2025 0.30
Mar 31, 2025 0.30
Dec 31, 2024 0.31
Sep 30, 2024 0.32
Jun 30, 2024 0.32
Mar 31, 2024 0.33
Dec 31, 2023 0.32
Sep 30, 2023 0.40
Jun 30, 2023 0.39
Mar 31, 2023 0.25
Dec 31, 2022 0.26
Sep 30, 2022 0.23
Jun 30, 2022 0.25
Mar 31, 2022 0.28
Dec 31, 2021 0.29
Sep 30, 2021 0.32