Nasdaq (NDAQ) EBT Margin (2009 - 2026)
Nasdaq (NDAQ) recorded EBT Margin of 29.29% in Q3 2026, up 2.56 percentage points from 26.73% a year earlier and up 3.50 percentage points from the prior quarter.
Powered by 
Analysis
Nasdaq (NDAQ) EBT Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Nasdaq's EBT Margin came in at 28.54% as of Sep 30, 2026, up 4.12 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).
- Quarterly EBT Margin has ranged from 16.88% in Q4 2023 to 31.68% in Q1 2026 over the past five years.
- On a year-over-year basis, EBT Margin rose in seven of the last eight quarters, with an average year-over-year change of +5.16 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 25.79% (Q2 2026), 31.68% (Q1 2026) and 27.79% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 77.98% |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | 38.49% |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 34.21% |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | 43.89% |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 29.29% |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | 34.67% |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 40.81% |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | 78.16% |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | 58.01% |
| 10 | Tradeweb Markets | 27.14 Bn | 18.94 Bn | - | 49.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 29.29% |
| Jun 30, 2026 | 25.79% |
| Mar 31, 2026 | 31.68% |
| Dec 31, 2025 | 27.79% |
| Sep 30, 2025 | 26.73% |
| 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% |
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();