Nasdaq (NDAQ) Enterprise Value (2009 - 2026)
Nasdaq (NDAQ) reported Enterprise Value of $43.58 billion for Q2 2026, down 13.7% from $50.52 billion a year earlier and down 7.8% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Enterprise Value (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Nasdaq's Enterprise Value came in at $41.73 billion, down 13.8% 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%).
- The Q2 2026 figure ranks as the lowest quarterly Enterprise Value since Q1 2025.
- Year over year, Enterprise Value gained in seven of the last eight quarters, with growth averaging 33.8%.
- 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 Q2 2026 came in at $47.27 billion (Q1 2026), $54.73 billion (Q4 2025) and $50.17 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn |
| 10 | LPL Financial Holdings | 24.62 Bn | 19.94 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 31.80 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();