Nasdaq (NDAQ) Debt to Equity (2009 - 2026)
Nasdaq recorded quarterly Debt to Equity of $0.74 in Q1 2026, up 1.12% quarter-over-quarter from $0.74 in Q4 2025, and down 7.77% year-over-year from $0.81 in Q1 2025.
Nasdaq's Debt to Equity history runs 18 years deep, the most recent figure standing at $0.74 for Q1 2026.
- In Q1 2026, Debt to Equity fell 7.77% year-over-year to $0.74; the TTM figure through Mar 2026 stood at $0.74 (down 7.77% YoY), while the FY2025 annual figure was $0.74, up 105.02% from the prior year.
- Debt to Equity came in at $0.74 for Q1 2026 at Nasdaq, up from $0.74 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $1021.8 in Q1 2023 to a low of -$14.65 in Q4 2024.
- A 5-year average of $193.56 and a median of $0.89 in 2024 frame the typical range for Debt to Equity.
- Across the five-year window, Debt to Equity surged 67833.83% in 2022 and sank 1617.5% in 2024, its largest moves.
- Nasdaq's Debt to Equity stood at -$2.71 in 2022, then surged by 135.61% to $0.97 in 2023, then plunged by 1617.5% to -$14.65 in 2024, then soared by 105.02% to $0.74 in 2025, then grew by 1.12% to $0.74 in 2026.
- According to Business Quant data, Debt to Equity over the past three periods registered $0.74, $0.74, and $0.76 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 0.43 |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 0.13 |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 0.69 |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 2.22 |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 0.74 |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 0.48 |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | -2.31 |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 0.27 |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 1.18 |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 0.64 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.74 |
| Dec 31, 2025 | 0.74 |
| Sep 30, 2025 | 0.76 |
| Jun 30, 2025 | -13.00 |
| Mar 31, 2025 | 0.81 |
| Dec 31, 2024 | -14.65 |
| Sep 30, 2024 | 0.89 |
| Jun 30, 2024 | -4.87 |
| Mar 31, 2024 | 998.90 |
| Dec 31, 2023 | 0.97 |
| Sep 30, 2023 | 1.50 |
| Jun 30, 2023 | 7.29 |
| Mar 31, 2023 | 1,021.80 |
| Dec 31, 2022 | -2.71 |
| Sep 30, 2022 | 0.91 |
| Jun 30, 2022 | 635.11 |
| Mar 31, 2022 | 655.33 |
| Dec 31, 2021 | -13.34 |
| Sep 30, 2021 | 0.93 |
| Jun 30, 2021 | 0.93 |
| Mar 31, 2021 | 2.45 |
| Dec 31, 2020 | -4.05 |
| Sep 30, 2020 | 0.59 |
| Jun 30, 2020 | -2.03 |
| Mar 31, 2020 | -2.15 |
| Dec 31, 2019 | -10.08 |
| Sep 30, 2019 | 0.65 |
| Jun 30, 2019 | 0.72 |
| Mar 31, 2019 | -2.17 |
| Dec 31, 2018 | 0.84 |
| Sep 30, 2018 | 0.69 |
| Jun 30, 2018 | 1,923.50 |
| Mar 31, 2018 | -14.24 |
| Dec 31, 2017 | 1.06 |
| Sep 30, 2017 | 0.03 |
| Jun 30, 2017 | 0.09 |
| Mar 31, 2017 | 0.68 |
| Dec 31, 2016 | 1.16 |
| Sep 30, 2016 | 0.64 |
| Jun 30, 2016 | 0.65 |
| Mar 31, 2016 | 0.45 |
| Dec 31, 2015 | 0.42 |
| Sep 30, 2015 | 0.44 |
| Jun 30, 2015 | 0.40 |
| Mar 31, 2015 | 0.42 |
| Dec 31, 2014 | 0.40 |
| Sep 30, 2014 | 0.38 |
| Jun 30, 2014 | 0.39 |
| Mar 31, 2014 | 0.40 |
| Dec 31, 2013 | 0.43 |
| Sep 30, 2013 | 0.45 |
| Jun 30, 2013 | 0.48 |
| Mar 31, 2013 | 0.38 |
| Dec 31, 2012 | 0.38 |
| Sep 30, 2012 | 0.39 |
| Jun 30, 2012 | 0.40 |
| Mar 31, 2012 | 0.39 |
| Dec 31, 2011 | 0.42 |
| Sep 30, 2011 | 0.44 |
| Jun 30, 2011 | 0.43 |
| Mar 31, 2011 | 0.45 |
| Dec 31, 2010 | 0.49 |
| Sep 30, 2010 | 0.39 |
| Jun 30, 2010 | 0.44 |
| Dec 31, 2009 | 0.42 |