Nasdaq (NDAQ) EBIT Margin (2009 - 2026)
Nasdaq's (NDAQ) quarterly EBIT Margin came in at 28.12% in Q2 2026, up 109.0% year-over-year from 13.45% in Q2 2025, and down 8.53% quarter-over-quarter from 30.74% in Q1 2026.
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Nasdaq (NDAQ) EBIT Margin (2009 - 2026) Analysis & Trends
Nasdaq has disclosed EBIT Margin across 18 years of filings, most recently posting 28.12% for Q2 2026.
- In Q2 2026, EBIT Margin rose 109.0% year-over-year to 28.12%; the TTM figure through Jun 2026 stood at 29.53% (up 394.0% YoY), while the FY2025 annual figure was 28.21%, up 392.0% from the prior year.
- EBIT Margin came in at 28.12% for Q2 2026 at Nasdaq, down from 30.74% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 36.91% in Q4 2023 to a low of 22.06% in Q4 2022.
- Average EBIT Margin over 5 years is 27.19%, with a median of 26.6% recorded in 2022.
- Year-over-year, EBIT Margin surged 1485 bps in 2023 and sank 1144 bps in 2024.
- Over 5 years, EBIT Margin stood at 22.06% in 2022, then surged by 67 bps to 36.91% in 2023, then sank by 31 bps to 25.47% in 2024, then rose by 16 bps to 29.61% in 2025, then declined by 5 bps to 28.12% in 2026.
- Per Business Quant data, the three most recent EBIT Margin figures were 28.12% in Q2 2026, 30.74% in Q1 2026, and 29.61% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 101.06 Bn | 101.06 Bn | 1.65 Bn | 64.89% |
| 2 | Intercontinental Exchange | 90.48 Bn | 88.60 Bn | - | 38.52% |
| 3 | Nasdaq | 54.45 Bn | 53.73 Bn | 1.50 Bn | 28.12% |
| 4 | Cboe Global Markets | 31.27 Bn | 28.88 Bn | 731.60 Mn | 32.99% |
| 5 | Tradeweb Markets | 24.86 Bn | 23.51 Bn | - | 43.88% |
| 6 | Marketaxess Holdings | 5.75 Bn | 5.47 Bn | - | 41.15% |
| 7 | Miami International Holdings | 4.18 Bn | 3.51 Bn | 141.11 Mn | 7.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.12% |
| Mar 31, 2026 | 30.74% |
| Dec 31, 2025 | 29.61% |
| Sep 30, 2025 | 29.93% |
| Jun 30, 2025 | 27.03% |
| Mar 31, 2025 | 26.10% |
| Dec 31, 2024 | 25.47% |
| Sep 30, 2024 | 23.55% |
| Jun 30, 2024 | 23.60% |
| Mar 31, 2024 | 24.49% |
| Dec 31, 2023 | 36.91% |
| Sep 30, 2023 | 29.70% |
| Jun 30, 2023 | 26.66% |
| Mar 31, 2023 | 26.88% |
| Dec 31, 2022 | 22.06% |
| Sep 30, 2022 | 25.56% |
| Jun 30, 2022 | 26.55% |
| Mar 31, 2022 | 26.38% |
| Dec 31, 2021 | 23.45% |
| Sep 30, 2021 | 26.23% |