Nasdaq (NDAQ) Enterprise Value (2009 - 2026)
Nasdaq (NDAQ) reported Enterprise Value of $50.87 billion for Q3 2026, up 1.4% from $50.17 billion a year earlier and up 16.7% from the prior quarter.
Powered by 
Analysis
Nasdaq (NDAQ) Enterprise Value (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Nasdaq's Enterprise Value came in at $48.82 billion, up 2.4% year-over-year; for FY2025, it came in at $54.73 billion, up 25.3% from FY2024.
- Enterprise Value has increased for three consecutive years, with a five-year compound annual growth rate of 23.6% (FY2020 to FY2025).
- By year, Enterprise Value came in at $43.69 billion in FY2024 (+33.2%), $32.81 billion in FY2023 (+11.3%), $29.49 billion in FY2022 (-14.3%) and $34.41 billion in FY2021 (+81.5%).
- Five-year quarterly Enterprise Value spans a low of $18.27 billion in Q3 2023 and a high of $54.73 billion in Q4 2025.
- Year over year, Enterprise Value gained in seven of the last eight quarters, with growth averaging 18.1%.
- The high point for year-over-year Enterprise Value in five years was Q3 2024 (growth of 127.2%); the low point was Q3 2023 (a decline of 33.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $43.58 billion (Q2 2026), $47.27 billion (Q1 2026) and $54.73 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - |
| 10 | Tradeweb Markets | 27.14 Bn | 18.94 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 50.87 Bn |
| Jun 30, 2026 | 43.58 Bn |
| Mar 31, 2026 | 47.27 Bn |
| Dec 31, 2025 | 54.73 Bn |
| Sep 30, 2025 | 50.17 Bn |
| Jun 30, 2025 | 50.52 Bn |
| Mar 31, 2025 | 42.66 Bn |
| Dec 31, 2024 | 43.69 Bn |
| Sep 30, 2024 | 41.52 Bn |
| Jun 30, 2024 | 34.13 Bn |
| Mar 31, 2024 | 35.79 Bn |
| Dec 31, 2023 | 32.81 Bn |
| Sep 30, 2023 | 18.27 Bn |
| Jun 30, 2023 | 18.87 Bn |
| Mar 31, 2023 | 26.23 Bn |
| Dec 31, 2022 | 29.49 Bn |
| Sep 30, 2022 | 27.42 Bn |
| Jun 30, 2022 | 24.41 Bn |
| Mar 31, 2022 | 28.70 Bn |
| Dec 31, 2021 | 34.41 Bn |
API Access
Nasdaq Enterprise Value 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=enterprise-value&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();