Nasdaq (NDAQ) Depreciation & Amortization (CF) (2009 - 2026)
Nasdaq's Depreciation & Amortization (CF) was $165 million in Q3 2026, up 4.4% from $158 million a year earlier and unchanged from the prior quarter.
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Analysis
Nasdaq (NDAQ) Depreciation & Amortization (CF) (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nasdaq's Depreciation & Amortization (CF) was $656 million through Sep 30, 2026, up 5.0% year-over-year; for FY2025, it was $632 million, up 3.1% from FY2024.
- Depreciation & Amortization (CF) has now increased for three consecutive years, with a five-year compound annual growth rate of 25.6% (FY2020 to FY2025).
- In earlier years, Depreciation & Amortization (CF) was $613 million in FY2024 (+89.8%), $323 million in FY2023 (+25.2%), $258 million in FY2022 (-7.2%) and $278 million in FY2021 (+37.6%).
- Compared with a year earlier, Depreciation & Amortization (CF) has increased for 13 straight quarters, with growth averaging 6.2% over the last eight quarters.
- The best year-over-year quarter for Depreciation & Amortization (CF) over five years was Q3 2024 (growth of 139.1%); the worst was Q4 2022 (a decline of 22.2%).
- Per Business Quant data, NDAQ's Depreciation & Amortization (CF) in the three quarters before Q3 2026 was $165 million (Q2 2026), $165 million (Q1 2026) and $161 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 27.40 Mn |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - | 387.00 Mn |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn | 399.00 Mn |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - | 26.00 Mn |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn | 165.00 Mn |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - | 180.00 Mn |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn | 27.70 Mn |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - | 19.00 Mn |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - | 199.50 Mn |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - | 62.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 165.00 Mn |
| Jun 30, 2026 | 165.00 Mn |
| Mar 31, 2026 | 165.00 Mn |
| Dec 31, 2025 | 161.00 Mn |
| Sep 30, 2025 | 158.00 Mn |
| Jun 30, 2025 | 158.00 Mn |
| Mar 31, 2025 | 156.00 Mn |
| Dec 31, 2024 | 153.00 Mn |
| Sep 30, 2024 | 153.00 Mn |
| Jun 30, 2024 | 153.00 Mn |
| Mar 31, 2024 | 155.00 Mn |
| Dec 31, 2023 | 125.00 Mn |
| Sep 30, 2023 | 64.00 Mn |
| Jun 30, 2023 | 65.00 Mn |
| Mar 31, 2023 | 69.00 Mn |
| Dec 31, 2022 | 63.00 Mn |
| Sep 30, 2022 | 63.00 Mn |
| Jun 30, 2022 | 65.00 Mn |
| Mar 31, 2022 | 67.00 Mn |
| Dec 31, 2021 | 81.00 Mn |
API Access
Nasdaq Depreciation & Amortization (CF) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=depreciation-and-amortization-cf&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "ticker": "NDAQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=depreciation-and-amortization-cf&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();