Nasdaq (NDAQ) Exchange Rate Effect (2009 - 2026)
Nasdaq's Exchange Rate Effect came in at -$23 million for Q3 2026, compared with $5 million a year earlier.
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Analysis
Nasdaq (NDAQ) Exchange Rate Effect (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Nasdaq reported Exchange Rate Effect of -$18 million; for FY2025, it was $726 million.
- Exchange Rate Effect carries a five-year compound annual growth rate of 15.5% (FY2020 to FY2025).
- Going back by year, Exchange Rate Effect was -$537 million in FY2024, $202 million in FY2023, -$1.29 billion in FY2022 and -$331 million in FY2021.
- The five-year range for quarterly Exchange Rate Effect is -$1.04 billion (Q3 2022) to $502 million (Q4 2023).
- Business Quant data shows NDAQ's Exchange Rate Effect at -$18 million (Q2 2026), -$50 million (Q1 2026) and $73 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FX Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 108.95 Bn | 97.29 Bn | - | - |
| 2 | Bank of New York Mellon | 102.82 Bn | 36.44 Bn | - | -12.00 Mn |
| 3 | Intercontinental Exchange | 98.21 Bn | 91.10 Bn | - | -3.00 Mn |
| 4 | Robinhood Markets | 74.92 Bn | 54.46 Bn | - | -19.00 Mn |
| 5 | Nasdaq | 60.69 Bn | 58.13 Bn | 1.48 Bn | -23.00 Mn |
| 6 | State Street | 46.98 Bn | 46.98 Bn | - | - |
| 7 | Cboe Global Markets | 36.89 Bn | 27.37 Bn | 712.20 Mn | -29.80 Mn |
| 8 | Interactive Brokers | 35.15 Bn | 11.46 Bn | - | -44.00 Mn |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | -103.10 Mn |
| 10 | Tradeweb Markets | 27.24 Bn | 19.05 Bn | - | -20,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -23.00 Mn |
| Jun 30, 2026 | -18.00 Mn |
| Mar 31, 2026 | -50.00 Mn |
| Dec 31, 2025 | 73.00 Mn |
| Sep 30, 2025 | 5.00 Mn |
| Jun 30, 2025 | 245.00 Mn |
| Mar 31, 2025 | 403.00 Mn |
| Dec 31, 2024 | -462.00 Mn |
| Sep 30, 2024 | 205.00 Mn |
| Jun 30, 2024 | 31.00 Mn |
| Mar 31, 2024 | -311.00 Mn |
| Dec 31, 2023 | 502.00 Mn |
| Sep 30, 2023 | -70.00 Mn |
| Jun 30, 2023 | -259.00 Mn |
| Mar 31, 2023 | 29.00 Mn |
| Dec 31, 2022 | 431.00 Mn |
| Sep 30, 2022 | -1.04 Bn |
| Jun 30, 2022 | -518.00 Mn |
| Mar 31, 2022 | -164.00 Mn |
| Dec 31, 2021 | -145.00 Mn |
API Access
Nasdaq Exchange Rate Effect 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=exchange-rate-effect&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "exchange-rate-effect", "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=exchange-rate-effect&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();