Nasdaq (NDAQ) FCF Payout Ratio (2012 - 2026)
Nasdaq recorded quarterly FCF Payout Ratio of 0.24 in Q1 2026, down 14.79% quarter-over-quarter from 0.29 in Q4 2025, and up 8.23% year-over-year from 0.22 in Q1 2025.
Nasdaq's FCF Payout Ratio history runs 15 years deep, the most recent figure standing at 0.24 for Q1 2026.
- In Q1 2026, FCF Payout Ratio rose 8.23% year-over-year to 0.24; the TTM figure through Mar 2026 stood at 0.31 (up 3.3% YoY), while the FY2025 annual figure was 0.3, down 3.26% from the prior year.
- FCF Payout Ratio came in at 0.24 for Q1 2026 at Nasdaq, down from 0.29 in the prior quarter.
- In the past five years, FCF Payout Ratio ranged from a high of 1.02 in Q3 2025 to a low of 0.16 in Q1 2022.
- A 5-year average of 0.35 and a median of 0.29 in 2025 frame the typical range for FCF Payout Ratio.
- Across the five-year window, FCF Payout Ratio slumped 88.75% in 2022 and soared 78.75% in 2024, its largest moves.
- Nasdaq's FCF Payout Ratio stood at 0.21 in 2022, then jumped by 58.97% to 0.34 in 2023, then sank by 36.82% to 0.21 in 2024, then jumped by 33.42% to 0.29 in 2025, then fell by 14.79% to 0.24 in 2026.
- According to Business Quant data, FCF Payout Ratio over the past three periods registered 0.24, 0.29, and 1.02 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 0.29 |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 2.18 |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 0.24 |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 0.22 |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 0.24 |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | - |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 0.53 |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 0.04 |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 1.32 |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 0.22 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.24 |
| Dec 31, 2025 | 0.29 |
| Sep 30, 2025 | 1.02 |
| Jun 30, 2025 | 0.23 |
| Mar 31, 2025 | 0.22 |
| Dec 31, 2024 | 0.21 |
| Sep 30, 2024 | 0.73 |
| Jun 30, 2024 | 0.34 |
| Mar 31, 2024 | 0.26 |
| Dec 31, 2023 | 0.34 |
| Sep 30, 2023 | 0.41 |
| Jun 30, 2023 | 0.29 |
| Mar 31, 2023 | 0.19 |
| Dec 31, 2022 | 0.21 |
| Sep 30, 2022 | 0.52 |
| Jun 30, 2022 | 0.29 |
| Mar 31, 2022 | 0.16 |
| Dec 31, 2021 | 0.27 |
| Sep 30, 2021 | 0.46 |
| Jun 30, 2021 | 2.59 |
| Mar 31, 2021 | 0.23 |
| Dec 31, 2020 | 0.22 |
| Sep 30, 2020 | -1.27 |
| Jun 30, 2020 | 0.20 |
| Mar 31, 2020 | 0.22 |
| Dec 31, 2019 | 0.26 |
| Sep 30, 2019 | 1.03 |
| Jun 30, 2019 | 0.54 |
| Mar 31, 2019 | 0.23 |
| Dec 31, 2018 | 0.22 |
| Sep 30, 2018 | -5.62 |
| Jun 30, 2018 | 0.29 |
| Mar 31, 2018 | 0.18 |
| Dec 31, 2017 | 0.24 |
| Sep 30, 2017 | 1.12 |
| Jun 30, 2017 | 0.26 |
| Mar 31, 2017 | 0.25 |
| Dec 31, 2016 | 0.23 |
| Sep 30, 2016 | 1.83 |
| Jun 30, 2016 | 0.36 |
| Mar 31, 2016 | 0.18 |
| Dec 31, 2015 | 0.31 |
| Sep 30, 2015 | 0.34 |
| Jun 30, 2015 | 0.35 |
| Mar 31, 2015 | 0.11 |
| Dec 31, 2014 | 0.14 |
| Sep 30, 2014 | -8.67 |
| Jun 30, 2014 | 0.15 |
| Mar 31, 2014 | 0.14 |
| Dec 31, 2013 | 0.11 |
| Sep 30, 2013 | 0.47 |
| Jun 30, 2013 | 0.27 |
| Mar 31, 2013 | 0.16 |
| Dec 31, 2012 | 0.11 |
| Sep 30, 2012 | 1.31 |