Nasdaq (NDAQ) Exchange Rate Effect (2009 - 2026)

Nasdaq's (NDAQ) quarterly Exchange Rate Effect came in at -$50.0 million in Q1 2026, down 112.41% year-on-year from $403.0 million in Q1 2025, and down 168.49% quarter-over-quarter from $73.0 million in Q4 2025.

Nasdaq (NDAQ) Exchange Rate Effect (2009 - 2026) Analysis & Trends

Nasdaq has disclosed Exchange Rate Effect across 18 years of filings, most recently posting -$50.0 million for Q1 2026.

  • Exchange Rate Effect for Q1 2026 came in at -$50.0 million, down 112.41% year-over-year; the trailing twelve-month figure through Mar 2026 was $273.0 million (up 54.24% YoY), and the FY2025 annual result 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.
  • The 5-year median for Exchange Rate Effect is $5.0 million (2025), against an average of -$56.0 million.
  • Across the five-year window, Exchange Rate Effect sank 1235.9% in 2022 and soared 690.32% in 2025, its largest moves.
  • Nasdaq's Exchange Rate Effect stood at $431.0 million in 2022, then grew by 16.47% to $502.0 million in 2023, then slumped by 192.03% to -$462.0 million in 2024, then jumped by 115.8% to $73.0 million in 2025, then sank by 168.49% to -$50.0 million in 2026.
  • The last three Exchange Rate Effect figures came in at -$50.0 million (Q1 2026), $73.0 million (Q4 2025), and $5.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Exchange Rate Effect (Qtr)
1 S&P Global 122.27 Bn 125.38 Bn 2.94 Bn -26.00 Mn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn -
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn -44.00 Mn
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - -8.00 Mn
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn -50.00 Mn
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn -38.17 Mn
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn -1.80 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn -58.10 Mn
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn -19.50 Mn
10 Factset Research Systems 8.21 Bn 7.92 Bn 314.28 Mn 3.57 Mn

Historic Data

Download Data
DateValue
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