Nasdaq (NDAQ) Enterprise Value (2009 - 2026)
Nasdaq's (NDAQ) quarterly Enterprise Value came in at -$678.0 million in Q1 2026, down 247.69% year-on-year from $459.1 million in Q1 2025, and down 204.04% quarter-over-quarter from -$223.0 million in Q4 2025.
Nasdaq (NDAQ) Enterprise Value (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Enterprise Value across 18 years of filings, most recently posting -$678.0 million for Q1 2026.
- Enterprise Value for Q1 2026 came in at -$678.0 million, down 247.69% year-over-year; the trailing twelve-month figure through Mar 2026 was -$678.0 million (down 247.69% YoY), and the FY2025 annual result was -$223.0 million, up 70.42% from the prior year.
- Enterprise Value came in at -$678.0 million for Q1 2026 at Nasdaq, down from -$223.0 million in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$160.0 million in Q3 2022 to a low of -$798.0 million in Q2 2025.
- The 5-year median for Enterprise Value is -$263.0 million (2025), against an average of -$408.1 million.
- Peak annual rise in Enterprise Value reached 81.09% in 2022, while the deepest fall reached 259.12% in 2022.
- Nasdaq's Enterprise Value stood at -$650.0 million in 2022, then grew by 6.15% to -$610.0 million in 2023, then retreated by 23.61% to -$754.0 million in 2024, then surged by 70.42% to -$223.0 million in 2025, then slumped by 204.04% to -$678.0 million in 2026.
- The last three Enterprise Value figures came in at -$678.0 million (Q1 2026), -$223.0 million (Q4 2025), and -$263.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 3.11 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | -2.52 Bn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | -1.36 Bn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | -1.46 Bn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | -678.00 Mn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | -527.79 Mn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | -385.30 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | -2.17 Bn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | -571.40 Mn |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | -285.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -678.00 Mn |
| Dec 31, 2025 | -223.00 Mn |
| Sep 30, 2025 | -263.00 Mn |
| Jun 30, 2025 | -798.00 Mn |
| Mar 31, 2025 | -195.00 Mn |
| Dec 31, 2024 | -754.00 Mn |
| Sep 30, 2024 | -225.00 Mn |
| Jun 30, 2024 | -573.00 Mn |
| Mar 31, 2024 | -538.00 Mn |
| Dec 31, 2023 | -610.00 Mn |
| Sep 30, 2023 | -163.00 Mn |
| Jun 30, 2023 | -167.00 Mn |
| Mar 31, 2023 | -171.00 Mn |
| Dec 31, 2022 | -650.00 Mn |
| Sep 30, 2022 | -160.00 Mn |
| Jun 30, 2022 | -592.00 Mn |
| Mar 31, 2022 | -177.00 Mn |
| Dec 31, 2021 | -181.00 Mn |
| Sep 30, 2021 | -185.00 Mn |
| Jun 30, 2021 | -196.00 Mn |