Nasdaq (NDAQ) FCF Margin (2009 - 2026)
Nasdaq (NDAQ) posted quarterly FCF Margin of 25.04% for Q2 2026, down 766.0% year-on-year from 3.76% in Q2 2025, and down 14.93% on a QoQ basis from 29.43% in Q1 2026.
Nasdaq (NDAQ) FCF Margin (2009 - 2026) Analysis & Trends
Nasdaq (NDAQ) has reported FCF Margin for 18 consecutive years, with 25.04% the latest figure, recorded in Q2 2026.
- Quarterly FCF Margin fell 766.0% year-over-year to 25.04% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 22.29% (down 396.0% YoY) and the FY2025 annual result came in at 24.07%, up 67.0% from the prior year.
- FCF Margin slipped to 25.04% in Q2 2026 per NDAQ's latest filing, from 29.43% in the prior quarter.
- Over the last five years, FCF Margin for NDAQ reached as high as 251.68% in Q4 2023 and fell as low as 7.76% in Q3 2025.
- A 5-year average of 37.41% and a median of 27.62% in 2022 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2023 — FCF Margin surged 22260 bps — and 2024, when it tumbled 21990 bps.
- Year by year, FCF Margin stood at 29.08% in 2022, then surged by 766 bps to 251.68% in 2023, then tumbled by 87 bps to 31.77% in 2024, then dropped by 21 bps to 25.24% in 2025, then retreated by 1 bps to 25.04% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 25.04%, 29.43%, and 25.24% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bit Origin | 1,110.84 Bn | 1,110.84 Bn | - | - |
| 2 | S&P Global | 130.72 Bn | 128.91 Bn | 2.94 Bn | 24.21% |
| 3 | Cme | 92.16 Bn | 92.16 Bn | 1.65 Bn | 54.13% |
| 4 | Moodys | 84.72 Bn | 83.22 Bn | 1.67 Bn | 31.49% |
| 5 | Intercontinental Exchange | 84.12 Bn | 82.38 Bn | - | 40.78% |
| 6 | Nasdaq | 53.10 Bn | 52.38 Bn | 1.50 Bn | 25.04% |
| 7 | Coinbase Global | 44.25 Bn | 33.81 Bn | 1.33 Bn | 12.93% |
| 8 | Msci | 41.65 Bn | 41.29 Bn | 717.10 Mn | 41.68% |
| 9 | Cboe Global Markets | 30.13 Bn | 27.96 Bn | 728.90 Mn | 152.48% |
| 10 | TransUnion | 14.77 Bn | 14.04 Bn | 726.20 Mn | 1.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.04% |
| Mar 31, 2026 | 29.43% |
| Dec 31, 2025 | 25.24% |
| Sep 30, 2025 | 7.76% |
| Jun 30, 2025 | 32.70% |
| Mar 31, 2025 | 29.29% |
| Dec 31, 2024 | 31.77% |
| Sep 30, 2024 | 9.88% |
| Jun 30, 2024 | 22.77% |
| Mar 31, 2024 | 29.33% |
| Dec 31, 2023 | 251.68% |
| Sep 30, 2023 | 18.13% |
| Jun 30, 2023 | 26.17% |
| Mar 31, 2023 | 34.25% |
| Dec 31, 2022 | 29.08% |
| Sep 30, 2022 | 12.27% |
| Jun 30, 2022 | 21.46% |
| Mar 31, 2022 | 37.13% |
| Dec 31, 2021 | 22.77% |
| Sep 30, 2021 | 14.74% |