KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) EBITDA (2016 - 2025)

Nasdaq's EBITDA history spans 17 years, with the latest figure at $630.0 million for Q4 2025.

  • For Q4 2025, EBITDA rose 21.86% year-over-year to $630.0 million; the TTM value through Dec 2025 reached $2.3 billion, up 29.64%, while the annual FY2025 figure was $2.3 billion, 29.64% up from the prior year.
  • EBITDA for Q4 2025 was $630.0 million at Nasdaq, up from $586.0 million in the prior quarter.
  • Across five years, EBITDA topped out at $630.0 million in Q4 2025 and bottomed at $344.0 million in Q4 2021.
  • The 5-year median for EBITDA is $411.0 million (2022), against an average of $435.6 million.
  • The largest annual shift saw EBITDA decreased 7.28% in 2023 before it skyrocketed 46.46% in 2024.
  • A 5-year view of EBITDA shows it stood at $344.0 million in 2021, then rose by 1.45% to $349.0 million in 2022, then rose by 1.15% to $353.0 million in 2023, then surged by 46.46% to $517.0 million in 2024, then rose by 21.86% to $630.0 million in 2025.
  • Per Business Quant, the three most recent readings for NDAQ's EBITDA are $630.0 million (Q4 2025), $586.0 million (Q3 2025), and $568.0 million (Q2 2025).