KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) Equity Ratio (2009 - 2026)

Nasdaq recorded quarterly Equity Ratio of 0.44 in Q1 2026, up 11.89% quarter-over-quarter from 0.39 in Q4 2025, and up 16.9% year-over-year from 0.38 in Q1 2025.

Nasdaq's Equity Ratio history runs 18 years deep, the most recent figure standing at 0.44 for Q1 2026.

  • In Q1 2026, Equity Ratio rose 16.9% year-over-year to 0.44; the TTM figure through Mar 2026 stood at 0.44 (up 16.9% YoY), while the FY2025 annual figure was 0.39, up 1950.51% from the prior year.
  • Equity Ratio came in at 0.44 for Q1 2026 at Nasdaq, up from 0.39 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.44 in Q1 2026 to a low of 0.1 in Q4 2022.
  • A 5-year average of 0.16 and a median of 0.05 in 2023 frame the typical range for Equity Ratio.
  • Across the five-year window, Equity Ratio plunged 339.17% in 2022 and soared 114017.27% in 2025, its largest moves.
  • Nasdaq's Equity Ratio stood at 0.1 in 2022, then surged by 451.4% to 0.34 in 2023, then sank by 106.35% to 0.02 in 2024, then surged by 1950.51% to 0.39 in 2025, then advanced by 11.89% to 0.44 in 2026.
  • According to Business Quant data, Equity Ratio over the past three periods registered 0.44, 0.39, and 0.39 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn 0.51
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn 0.13
3 Intercontinental Exchange 83.83 Bn 82.37 Bn - 0.16
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn 0.21
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn 0.44
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn 0.47
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn -0.50
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn 0.49
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn 0.39
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn 0.50

Historic Data

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DateValue
Mar 31, 2026 0.44
Dec 31, 2025 0.39
Sep 30, 2025 0.39
Jun 30, 2025 -0.02
Mar 31, 2025 0.38
Dec 31, 2024 -0.02
Sep 30, 2024 0.36
Jun 30, 2024 -0.07
Mar 31, 2024 0.00
Dec 31, 2023 0.34
Sep 30, 2023 0.27
Jun 30, 2023 0.05
Mar 31, 2023 0.00
Dec 31, 2022 -0.10
Sep 30, 2022 0.26
Jun 30, 2022 0.00
Mar 31, 2022 0.00
Dec 31, 2021 -0.02
Sep 30, 2021 0.35
Jun 30, 2021 0.34
Mar 31, 2021 0.13
Dec 31, 2020 -0.08
Sep 30, 2020 0.41
Jun 30, 2020 -0.12
Mar 31, 2020 -0.13
Dec 31, 2019 -0.02
Sep 30, 2019 0.41
Jun 30, 2019 0.34
Mar 31, 2019 -0.11
Dec 31, 2018 0.29
Sep 30, 2018 0.38
Jun 30, 2018 0.00
Mar 31, 2018 -0.02
Dec 31, 2017 0.26
Sep 30, 2017 0.38
Jun 30, 2017 0.38
Mar 31, 2017 0.37
Dec 31, 2016 0.23
Sep 30, 2016 0.39
Jun 30, 2016 0.38
Mar 31, 2016 0.42
Dec 31, 2015 0.47
Sep 30, 2015 0.47
Jun 30, 2015 0.47
Mar 31, 2015 0.45
Dec 31, 2014 0.48
Sep 30, 2014 0.48
Jun 30, 2014 0.47
Mar 31, 2014 0.48
Dec 31, 2013 0.49
Sep 30, 2013 0.48
Jun 30, 2013 0.49
Mar 31, 2013 0.57
Dec 31, 2012 0.57
Sep 30, 2012 0.58
Jun 30, 2012 0.56
Mar 31, 2012 0.57
Dec 31, 2011 0.35
Sep 30, 2011 0.38
Jun 30, 2011 0.36
Mar 31, 2011 0.28
Dec 31, 2010 0.29
Sep 30, 2010 0.49
Jun 30, 2010 0.47
Dec 31, 2009 0.46