Nasdaq (NDAQ) Equity Ratio (2009 - 2026)

Nasdaq's (NDAQ) quarterly Equity Ratio came in at 0.44 in Q1 2026, up 16.9% year-on-year from 0.38 in Q1 2025, and up 11.89% quarter-over-quarter from 0.39 in Q4 2025.

Nasdaq (NDAQ) Equity Ratio (2009 - 2026) Analysis & Trends

Nasdaq has disclosed Equity Ratio across 18 years of filings, most recently posting 0.44 for Q1 2026.

  • Equity Ratio for Q1 2026 came in at 0.44, up 16.9% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.44 (up 16.9% YoY), and the FY2025 annual result 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.
  • The 5-year median for Equity Ratio is 0.05 (2023), against an average of 0.16.
  • Across the five-year window, Equity Ratio sank 339.17% in 2022 and surged 114017.27% in 2025, its largest moves.
  • Nasdaq's Equity Ratio stood at 0.1 in 2022, then jumped by 451.4% to 0.34 in 2023, then slumped by 106.35% to 0.02 in 2024, then jumped by 1950.51% to 0.39 in 2025, then gained by 11.89% to 0.44 in 2026.
  • The last three Equity Ratio figures came in at 0.44 (Q1 2026), 0.39 (Q4 2025), and 0.39 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 S&P Global 122.27 Bn 125.38 Bn 2.94 Bn 0.51
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 0.13
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn 0.21
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - 0.16
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn 0.44
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn 0.47
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn -0.50
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 0.49
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 0.39
10 Factset Research Systems 8.21 Bn 7.92 Bn 314.28 Mn 0.50

Historic Data

Download Data
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