Nasdaq (NDAQ) EV to EBIT (2010 - 2026)
Nasdaq's EV to EBIT was 18.63 in Q3 2026, down 17.6% from 22.62 a year earlier but up 10.5% from the prior quarter.
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Analysis
Nasdaq (NDAQ) EV to EBIT (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nasdaq's EV to EBIT was 17.88 through Sep 30, 2026, down 16.8% year-over-year; for FY2025, it was 23.48, down 3.4% from FY2024.
- In earlier years, EV to EBIT was 24.30 in FY2024 (+16.9%), 20.79 in FY2023 (+10.3%), 18.85 in FY2022 (-21.0%) and 23.88 in FY2021 (+55.4%).
- Quarterly EV to EBIT has moved between 11.61 (Q3 2023) and 25.41 (Q3 2024) over five years.
- Compared with a year earlier, EV to EBIT has declined for five straight quarters, with an average decline of 5.7% over the last eight quarters.
- The best year-over-year quarter for EV to EBIT over five years was Q3 2024 (growth of 118.9%); the worst was Q3 2023 (a decline of 34.0%).
- Per Business Quant data, NDAQ's EV to EBIT in the three quarters before Q3 2026 was 16.87 (Q2 2026), 19.37 (Q1 2026) and 23.49 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - |
| 10 | Tradeweb Markets | 26.89 Bn | 18.69 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.63 |
| Jun 30, 2026 | 16.87 |
| Mar 31, 2026 | 19.37 |
| Dec 31, 2025 | 23.49 |
| Sep 30, 2025 | 22.62 |
| Jun 30, 2025 | 24.29 |
| Mar 31, 2025 | 22.05 |
| Dec 31, 2024 | 24.30 |
| Sep 30, 2024 | 25.41 |
| Jun 30, 2024 | 21.11 |
| Mar 31, 2024 | 22.71 |
| Dec 31, 2023 | 20.79 |
| Sep 30, 2023 | 11.61 |
| Jun 30, 2023 | 12.24 |
| Mar 31, 2023 | 16.70 |
| Dec 31, 2022 | 18.85 |
| Sep 30, 2022 | 17.59 |
| Jun 30, 2022 | 16.09 |
| Mar 31, 2022 | 19.38 |
| Dec 31, 2021 | 23.88 |
API Access
Nasdaq EV to EBIT 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=ev-to-ebit&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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=ev-to-ebit&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();