Nasdaq (NDAQ) Debt Ratio (2009 - 2026)
Nasdaq recorded quarterly Debt Ratio of 0.33 in Q1 2026, up 13.15% quarter-over-quarter from 0.29 in Q4 2025, and up 7.81% year-over-year from 0.3 in Q1 2025.
Nasdaq's Debt Ratio history runs 18 years deep, the most recent figure standing at 0.33 for Q1 2026.
- In Q1 2026, Debt Ratio rose 7.81% year-over-year to 0.33; the TTM figure through Mar 2026 stood at 0.33 (up 7.81% YoY), while the FY2025 annual figure was 0.29, down 7.03% from the prior year.
- Debt Ratio came in at 0.33 for Q1 2026 at Nasdaq, up from 0.29 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.4 in Q3 2023 to a low of 0.23 in Q3 2022.
- A 5-year average of 0.31 and a median of 0.3 in 2025 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio decreased 27.32% in 2022 and soared 70.17% in 2023, its largest moves.
- Nasdaq's Debt Ratio stood at 0.26 in 2022, then rose by 25.12% to 0.32 in 2023, then slipped by 3.65% to 0.31 in 2024, then decreased by 7.03% to 0.29 in 2025, then rose by 13.15% to 0.33 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.33, 0.29, and 0.3 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 0.22 |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 0.02 |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 0.11 |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 0.47 |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 0.33 |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 0.23 |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 1.15 |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 0.13 |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 0.47 |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 0.32 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 0.32 |
| Mar 31, 2021 | 0.32 |
| Dec 31, 2020 | 0.31 |
| Sep 30, 2020 | 0.24 |
| Jun 30, 2020 | 0.24 |
| Mar 31, 2020 | 0.28 |
| Dec 31, 2019 | 0.24 |
| Sep 30, 2019 | 0.27 |
| Jun 30, 2019 | 0.25 |
| Mar 31, 2019 | 0.25 |
| Dec 31, 2018 | 0.24 |
| Sep 30, 2018 | 0.26 |
| Jun 30, 2018 | 0.25 |
| Mar 31, 2018 | 0.26 |
| Dec 31, 2017 | 0.27 |
| Sep 30, 2017 | 0.01 |
| Jun 30, 2017 | 0.03 |
| Mar 31, 2017 | 0.25 |
| Dec 31, 2016 | 0.27 |
| Sep 30, 2016 | 0.25 |
| Jun 30, 2016 | 0.25 |
| Mar 31, 2016 | 0.19 |
| Dec 31, 2015 | 0.20 |
| Sep 30, 2015 | 0.21 |
| Jun 30, 2015 | 0.19 |
| Mar 31, 2015 | 0.19 |
| Dec 31, 2014 | 0.19 |
| Sep 30, 2014 | 0.18 |
| Jun 30, 2014 | 0.18 |
| Mar 31, 2014 | 0.19 |
| Dec 31, 2013 | 0.21 |
| Sep 30, 2013 | 0.22 |
| Jun 30, 2013 | 0.23 |
| Mar 31, 2013 | 0.21 |
| Dec 31, 2012 | 0.22 |
| Sep 30, 2012 | 0.22 |
| Jun 30, 2012 | 0.22 |
| Mar 31, 2012 | 0.22 |
| Dec 31, 2011 | 0.15 |
| Sep 30, 2011 | 0.17 |
| Jun 30, 2011 | 0.16 |
| Mar 31, 2011 | 0.13 |
| Dec 31, 2010 | 0.14 |
| Sep 30, 2010 | 0.19 |
| Jun 30, 2010 | 0.21 |
| Dec 31, 2009 | 0.20 |