Nasdaq (NDAQ) EBT Margin (2009 - 2026)
Nasdaq's (NDAQ) quarterly EBT Margin came in at 31.68% in Q1 2026, up 840.0% year-on-year from 3.37% in Q1 2025, and up 16.01% quarter-over-quarter from 27.31% in Q4 2025.
Nasdaq (NDAQ) EBT Margin (2009 - 2026) Analysis & Trends
Nasdaq has disclosed EBT Margin across 18 years of filings, most recently posting 31.68% for Q1 2026.
- EBT Margin for Q1 2026 came in at 31.68%, up 840.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 28.09% (up 732.0% YoY), and the FY2025 annual result was 25.96%, up 638.0% from the prior year.
- EBT Margin came in at 31.68% for Q1 2026 at Nasdaq, up from 27.31% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 186.58% in Q4 2023 to a low of 18.64% in Q1 2024.
- The 5-year median for EBT Margin is 24.53% (2022), against an average of 33.6%.
- Across the five-year window, EBT Margin surged 16622 bps in 2023 and plunged 16495 bps in 2024, its largest moves.
- Nasdaq's EBT Margin stood at 20.35% in 2022, then jumped by 817 bps to 186.58% in 2023, then tumbled by 88 bps to 21.63% in 2024, then advanced by 26 bps to 27.31% in 2025, then increased by 16 bps to 31.68% in 2026.
- The last three EBT Margin figures came in at 31.68% (Q1 2026), 27.31% (Q4 2025), and 27.02% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 45.74% |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 80.36% |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 41.85% |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 63.72% |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 31.68% |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | -32.89% |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 45.75% |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 40.50% |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 34.37% |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | 26.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.68% |
| Dec 31, 2025 | 27.31% |
| Sep 30, 2025 | 27.02% |
| Jun 30, 2025 | 26.22% |
| Mar 31, 2025 | 23.28% |
| Dec 31, 2024 | 21.63% |
| Sep 30, 2024 | 18.72% |
| Jun 30, 2024 | 19.03% |
| Mar 31, 2024 | 18.64% |
| Dec 31, 2023 | 186.58% |
| Sep 30, 2023 | 26.95% |
| Jun 30, 2023 | 23.52% |
| Mar 31, 2023 | 25.83% |
| Dec 31, 2022 | 20.35% |
| Sep 30, 2022 | 24.53% |
| Jun 30, 2022 | 25.58% |
| Mar 31, 2022 | 24.36% |
| Dec 31, 2021 | 21.40% |
| Sep 30, 2021 | 27.34% |
| Jun 30, 2021 | 32.15% |