Nasdaq (NDAQ) Debt Ratio (2009 - 2026)

Nasdaq (NDAQ) posted Debt Ratio of 0.32 for Q2 2026, down 2.33% sequentially from 0.33 in Q1 2026, and up 6.08% YoY from 0.3 in Q2 2025.

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

Nasdaq has reported Debt Ratio for 18 years, with the latest figure at 0.32 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 declined to 0.32 in Q2 2026 per NDAQ's latest filing, from 0.33 in the prior quarter.
Over five years, Debt Ratio peaked at 0.4 in Q3 2023 and troughed at 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.
The sharpest annual moves came in 2022 and 2023: Debt Ratio slipped 27.32% in 2022, then jumped 70.17% in 2023.
Over 5 years, Debt Ratio stood at 0.26 in 2022, then gained by 25.12% to 0.32 in 2023, then dropped by 3.65% to 0.31 in 2024, then slipped by 7.03% to 0.29 in 2025, then gained 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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	S&P Global	127.26 Bn	123.12 Bn	2.98 Bn	0.28
2	Cme	99.13 Bn	99.13 Bn	1.65 Bn	0.02
3	Intercontinental Exchange	90.95 Bn	88.99 Bn	-	0.11
4	Moodys	87.63 Bn	86.13 Bn	1.67 Bn	0.51
5	Nasdaq	55.45 Bn	54.73 Bn	1.50 Bn	0.32
6	Coinbase Global	49.19 Bn	40.40 Bn	1.16 Bn	0.39
7	Msci	41.09 Bn	40.73 Bn	717.10 Mn	1.14
8	Cboe Global Markets	31.57 Bn	29.18 Bn	731.60 Mn	0.20
9	TransUnion	16.37 Bn	15.54 Bn	765.00 Mn	0.46
10	Factset Research Systems	10.82 Bn	10.52 Bn	310.73 Mn	0.45

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