Nasdaq (NDAQ) EBT Margin (2009 - 2026)
Nasdaq (NDAQ) recorded EBT Margin of 25.79% in Q2 2026, down 0.29 percentage points from 26.08% a year earlier and down 5.89 percentage points from the prior quarter.
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Analysis
Nasdaq (NDAQ) EBT Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Nasdaq's EBT Margin came in at 27.87% as of Jun 30, 2026, up 5.35 percentage points year-over-year; for FY2025, it came in at 25.96%, up 6.38 percentage points from FY2024.
- Annual EBT Margin has a five-year change of +4.42 percentage points (FY2020 to FY2025).
- Across earlier years, EBT Margin came in at 19.58% in FY2024 (-3.52 pp), 23.10% in FY2023 (-0.59 pp), 23.69% in FY2022 (-2.37 pp) and 26.06% in FY2021 (+4.52 pp).
- The Q2 2026 figure is the lowest quarterly EBT Margin since Q1 2025.
- On a year-over-year basis, EBT Margin rose in six of the last eight quarters, with an average year-over-year change of +3.79 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 8.40 percentage points in Q1 2026, against a drop of 8.23 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 31.68% (Q1 2026), 27.31% (Q4 2025) and 27.02% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - | 54.20% |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - | 40.00% |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - | 77.82% |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - | 35.64% |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn | 25.79% |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - | 34.31% |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - | 76.79% |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - | 78.90% |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn | 34.29% |
| 10 | LPL Financial Holdings | 24.62 Bn | 19.94 Bn | - | 9.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.79% |
| Mar 31, 2026 | 31.68% |
| Dec 31, 2025 | 27.31% |
| Sep 30, 2025 | 27.02% |
| Jun 30, 2025 | 26.08% |
| 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 | 16.88% |
| 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% |
API Access
Nasdaq EBT Margin 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=ebt-margin&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "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=ebt-margin&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();