Nasdaq (NDAQ) Exchange Rate Effect (2009 - 2026)
Nasdaq recorded quarterly Exchange Rate Effect of -$50.0 million in Q1 2026, down 168.49% quarter-over-quarter from $73.0 million in Q4 2025, and down 112.41% year-over-year from $403.0 million in Q1 2025.
Nasdaq's Exchange Rate Effect history runs 18 years deep, the most recent figure standing at -$50.0 million for Q1 2026.
- In Q1 2026, Exchange Rate Effect fell 112.41% year-over-year to -$50.0 million; the TTM figure through Mar 2026 stood at $273.0 million (up 54.24% YoY), while the FY2025 annual figure was $726.0 million, up 235.2% from the prior year.
- Exchange Rate Effect came in at -$50.0 million for Q1 2026 at Nasdaq, down from $73.0 million in the prior quarter.
- In the past five years, Exchange Rate Effect ranged from a high of $502.0 million in Q4 2023 to a low of -$1.0 billion in Q3 2022.
- A 5-year average of -$56.0 million and a median of $5.0 million in 2025 frame the typical range for Exchange Rate Effect.
- Across the five-year window, Exchange Rate Effect plunged 1235.9% in 2022 and jumped 690.32% in 2025, its largest moves.
- Nasdaq's Exchange Rate Effect stood at $431.0 million in 2022, then increased by 16.47% to $502.0 million in 2023, then sank by 192.03% to -$462.0 million in 2024, then surged by 115.8% to $73.0 million in 2025, then plunged by 168.49% to -$50.0 million in 2026.
- According to Business Quant data, Exchange Rate Effect over the past three periods registered -$50.0 million, $73.0 million, and $5.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | -26.00 Mn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | - |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | -8.00 Mn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | -44.00 Mn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | -50.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -38.17 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | -1.80 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | -58.10 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | -19.50 Mn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 3.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -50.00 Mn |
| Mar 31, 2026 | -50.00 Mn |
| Dec 31, 2025 | 73.00 Mn |
| Dec 31, 2025 | 73.00 Mn |
| Sep 30, 2025 | 5.00 Mn |
| Sep 30, 2025 | 5.00 Mn |
| Jun 30, 2025 | 245.00 Mn |
| Jun 30, 2025 | 245.00 Mn |
| Mar 31, 2025 | 403.00 Mn |
| Mar 31, 2025 | 403.00 Mn |
| Dec 31, 2024 | -462.00 Mn |
| Dec 31, 2024 | -462.00 Mn |
| Sep 30, 2024 | 205.00 Mn |
| Sep 30, 2024 | 205.00 Mn |
| Jun 30, 2024 | 31.00 Mn |
| Jun 30, 2024 | 31.00 Mn |
| Mar 31, 2024 | -311.00 Mn |
| Mar 31, 2024 | -311.00 Mn |
| Dec 31, 2023 | 502.00 Mn |
| Dec 31, 2023 | 502.00 Mn |
| Sep 30, 2023 | -70.00 Mn |
| Sep 30, 2023 | -70.00 Mn |
| Jun 30, 2023 | -259.00 Mn |
| Jun 30, 2023 | -259.00 Mn |
| Mar 31, 2023 | 29.00 Mn |
| Mar 31, 2023 | 29.00 Mn |
| Dec 31, 2022 | 431.00 Mn |
| Dec 31, 2022 | 431.00 Mn |
| Sep 30, 2022 | -1.04 Bn |
| Sep 30, 2022 | -1.04 Bn |
| Jun 30, 2022 | -518.00 Mn |
| Jun 30, 2022 | -518.00 Mn |
| Mar 31, 2022 | -164.00 Mn |
| Mar 31, 2022 | -164.00 Mn |
| Dec 31, 2021 | -145.00 Mn |
| Dec 31, 2021 | -145.00 Mn |
| Sep 30, 2021 | -78.00 Mn |
| Sep 30, 2021 | -78.00 Mn |
| Jun 30, 2021 | 69.00 Mn |
| Jun 30, 2021 | 69.00 Mn |
| Mar 31, 2021 | -177.00 Mn |
| Mar 31, 2021 | -177.00 Mn |
| Dec 31, 2020 | 350.00 Mn |
| Dec 31, 2020 | 350.00 Mn |
| Sep 30, 2020 | 6.00 Mn |
| Sep 30, 2020 | 6.00 Mn |
| Jun 30, 2020 | 9.00 Mn |
| Jun 30, 2020 | 9.00 Mn |
| Mar 31, 2020 | -12.00 Mn |
| Mar 31, 2020 | -12.00 Mn |
| Dec 31, 2019 | -171.00 Mn |
| Dec 31, 2019 | -171.00 Mn |
| Sep 30, 2019 | -7.00 Mn |
| Sep 30, 2019 | -7.00 Mn |
| Jun 30, 2019 | -2.00 Mn |
| Jun 30, 2019 | -2.00 Mn |
| Mar 31, 2019 | -8.00 Mn |
| Mar 31, 2019 | -8.00 Mn |
| Dec 31, 2018 | 2.00 Mn |
| Dec 31, 2018 | 2.00 Mn |
| Sep 30, 2018 | 1.00 Mn |
| Sep 30, 2018 | 1.00 Mn |
| Jun 30, 2018 | -13.00 Mn |
| Jun 30, 2018 | -13.00 Mn |
| Sep 30, 2017 | 5.00 Mn |
| Sep 30, 2017 | 5.00 Mn |
| Jun 30, 2017 | 8.00 Mn |
| Jun 30, 2017 | 8.00 Mn |
| Mar 31, 2017 | 2.00 Mn |
| Mar 31, 2017 | 2.00 Mn |
| Dec 31, 2016 | -7.00 Mn |
| Dec 31, 2016 | -7.00 Mn |
| Jun 30, 2016 | -5.00 Mn |
| Jun 30, 2016 | -5.00 Mn |
| Mar 31, 2016 | 6.00 Mn |
| Mar 31, 2016 | 6.00 Mn |
| Dec 31, 2015 | -5.00 Mn |
| Dec 31, 2015 | -5.00 Mn |
| Sep 30, 2015 | -3.00 Mn |
| Sep 30, 2015 | -3.00 Mn |
| Jun 30, 2015 | 5.00 Mn |
| Jun 30, 2015 | 5.00 Mn |
| Mar 31, 2015 | -8.00 Mn |
| Mar 31, 2015 | -8.00 Mn |
| Dec 31, 2014 | -15.00 Mn |
| Dec 31, 2014 | -15.00 Mn |
| Mar 31, 2014 | 2.00 Mn |
| Mar 31, 2014 | 2.00 Mn |
| Dec 31, 2013 | 2.00 Mn |
| Dec 31, 2013 | 2.00 Mn |
| Sep 30, 2013 | 2.00 Mn |
| Sep 30, 2013 | 2.00 Mn |
| Jun 30, 2013 | -2.00 Mn |
| Jun 30, 2013 | -2.00 Mn |
| Mar 31, 2013 | -6.00 Mn |
| Mar 31, 2013 | -6.00 Mn |
| Dec 31, 2012 | 4.00 Mn |
| Dec 31, 2012 | 4.00 Mn |
| Sep 30, 2012 | 8.00 Mn |
| Sep 30, 2012 | 8.00 Mn |
| Jun 30, 2012 | -9.00 Mn |
| Jun 30, 2012 | -9.00 Mn |
| Mar 31, 2012 | 7.00 Mn |
| Mar 31, 2012 | 7.00 Mn |
| Sep 30, 2011 | -12.00 Mn |
| Sep 30, 2011 | -12.00 Mn |
| Jun 30, 2011 | 1.00 Mn |
| Jun 30, 2011 | 1.00 Mn |
| Mar 31, 2011 | 4.00 Mn |
| Mar 31, 2011 | 4.00 Mn |
| Sep 30, 2010 | 13.00 Mn |
| Sep 30, 2010 | 13.00 Mn |
| Jun 30, 2010 | -11.00 Mn |
| Jun 30, 2010 | -11.00 Mn |
| Mar 31, 2010 | -8.00 Mn |
| Mar 31, 2010 | -8.00 Mn |
| Dec 31, 2009 | -3.00 Mn |
| Dec 31, 2009 | -3.00 Mn |
| Sep 30, 2009 | 17.00 Mn |
| Sep 30, 2009 | 17.00 Mn |