Nasdaq (NDAQ) EBITDA Margin (2009 - 2026)
Nasdaq's (NDAQ) quarterly EBITDA Margin came in at 30.74% in Q1 2026, up 465.0% year-on-year from 5.44% in Q1 2025, and up 3.82% quarter-over-quarter from 29.61% in Q4 2025.
Nasdaq (NDAQ) EBITDA Margin (2009 - 2026) Analysis & Trends
Nasdaq has disclosed EBITDA Margin across 18 years of filings, most recently posting 30.74% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 30.74%, up 465.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 29.37% (up 462.0% YoY), and the FY2025 annual result was 28.21%, up 392.0% from the prior year.
- EBITDA Margin came in at 30.74% for Q1 2026 at Nasdaq, up from 29.61% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 36.91% in Q4 2023 to a low of 22.06% in Q4 2022.
- The 5-year median for EBITDA Margin is 26.55% (2022), against an average of 27.14%.
- Across the five-year window, EBITDA Margin jumped 1485 bps in 2023 and slumped 1144 bps in 2024, its largest moves.
- Nasdaq's EBITDA Margin stood at 22.06% in 2022, then surged by 67 bps to 36.91% in 2023, then tumbled by 31 bps to 25.47% in 2024, then rose by 16 bps to 29.61% in 2025, then increased by 4 bps to 30.74% in 2026.
- The last three EBITDA Margin figures came in at 30.74% (Q1 2026), 29.61% (Q4 2025), and 29.93% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 48.74% |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 71.11% |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 44.35% |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 55.93% |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 30.74% |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | -1.52% |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 54.40% |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 40.55% |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 19.65% |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | 30.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.74% |
| Dec 31, 2025 | 29.61% |
| Sep 30, 2025 | 29.93% |
| Jun 30, 2025 | 27.18% |
| 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% |
| Jun 30, 2021 | 26.63% |