Nasdaq (NDAQ) Free Cash Flow (2009 - 2026)
Nasdaq recorded quarterly Free Cash Flow of $629.0 million in Q1 2026, up 17.35% quarter-over-quarter from $536.0 million in Q4 2025, and up 2.44% year-over-year from $614.0 million in Q1 2025.
Nasdaq's Free Cash Flow history runs 18 years deep, the most recent figure standing at $629.0 million for Q1 2026.
- In Q1 2026, Free Cash Flow rose 2.44% year-over-year to $629.0 million; the TTM figure through Mar 2026 stood at $2.0 billion (up 8.03% YoY), while the FY2025 annual figure was $2.0 billion, up 14.84% from the prior year.
- Free Cash Flow came in at $629.0 million for Q1 2026 at Nasdaq, up from $536.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $687.0 million in Q2 2025 to a low of $152.0 million in Q3 2025.
- A 5-year average of $437.8 million and a median of $460.0 million in 2022 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow soared 879.41% in 2022 and slipped 28.52% in 2024, its largest moves.
- Nasdaq's Free Cash Flow stood at $460.0 million in 2022, then decreased by 18.48% to $375.0 million in 2023, then soared by 72.0% to $645.0 million in 2024, then fell by 16.9% to $536.0 million in 2025, then increased by 17.35% to $629.0 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $629.0 million, $536.0 million, and $152.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 1.01 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 1.24 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 1.26 Bn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 844.00 Mn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 629.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 182.74 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 280.80 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 1.94 Bn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 19.00 Mn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 185.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 629.00 Mn |
| Mar 31, 2026 | 629.00 Mn |
| Dec 31, 2025 | 536.00 Mn |
| Dec 31, 2025 | 536.00 Mn |
| Sep 30, 2025 | 152.00 Mn |
| Sep 30, 2025 | 152.00 Mn |
| Jun 30, 2025 | 687.00 Mn |
| Jun 30, 2025 | 687.00 Mn |
| Mar 31, 2025 | 614.00 Mn |
| Mar 31, 2025 | 614.00 Mn |
| Dec 31, 2024 | 645.00 Mn |
| Dec 31, 2024 | 645.00 Mn |
| Sep 30, 2024 | 188.00 Mn |
| Sep 30, 2024 | 188.00 Mn |
| Jun 30, 2024 | 408.00 Mn |
| Jun 30, 2024 | 408.00 Mn |
| Mar 31, 2024 | 491.00 Mn |
| Mar 31, 2024 | 491.00 Mn |
| Dec 31, 2023 | 375.00 Mn |
| Dec 31, 2023 | 375.00 Mn |
| Sep 30, 2023 | 263.00 Mn |
| Sep 30, 2023 | 263.00 Mn |
| Jun 30, 2023 | 375.00 Mn |
| Jun 30, 2023 | 375.00 Mn |
| Mar 31, 2023 | 525.00 Mn |
| Mar 31, 2023 | 525.00 Mn |
| Dec 31, 2022 | 460.00 Mn |
| Dec 31, 2022 | 460.00 Mn |
| Sep 30, 2022 | 191.00 Mn |
| Sep 30, 2022 | 191.00 Mn |
| Jun 30, 2022 | 333.00 Mn |
| Jun 30, 2022 | 333.00 Mn |
| Mar 31, 2022 | 570.00 Mn |
| Mar 31, 2022 | 570.00 Mn |
| Dec 31, 2021 | 334.00 Mn |
| Dec 31, 2021 | 334.00 Mn |
| Sep 30, 2021 | 200.00 Mn |
| Sep 30, 2021 | 200.00 Mn |
| Jun 30, 2021 | 34.00 Mn |
| Jun 30, 2021 | 34.00 Mn |
| Mar 31, 2021 | 352.00 Mn |
| Mar 31, 2021 | 352.00 Mn |
| Dec 31, 2020 | 375.00 Mn |
| Dec 31, 2020 | 375.00 Mn |
| Sep 30, 2020 | -64.00 Mn |
| Sep 30, 2020 | -64.00 Mn |
| Jun 30, 2020 | 399.00 Mn |
| Jun 30, 2020 | 399.00 Mn |
| Mar 31, 2020 | 354.00 Mn |
| Mar 31, 2020 | 354.00 Mn |
| Dec 31, 2019 | 300.00 Mn |
| Dec 31, 2019 | 300.00 Mn |
| Sep 30, 2019 | 76.00 Mn |
| Sep 30, 2019 | 76.00 Mn |
| Jun 30, 2019 | 143.00 Mn |
| Jun 30, 2019 | 143.00 Mn |
| Mar 31, 2019 | 317.00 Mn |
| Mar 31, 2019 | 317.00 Mn |
| Dec 31, 2018 | 321.00 Mn |
| Dec 31, 2018 | 321.00 Mn |
| Sep 30, 2018 | -13.00 Mn |
| Sep 30, 2018 | -13.00 Mn |
| Jun 30, 2018 | 250.00 Mn |
| Jun 30, 2018 | 250.00 Mn |
| Mar 31, 2018 | 359.00 Mn |
| Mar 31, 2018 | 359.00 Mn |
| Dec 31, 2017 | 258.00 Mn |
| Dec 31, 2017 | 258.00 Mn |
| Sep 30, 2017 | 57.00 Mn |
| Sep 30, 2017 | 57.00 Mn |
| Jun 30, 2017 | 242.00 Mn |
| Jun 30, 2017 | 242.00 Mn |
| Mar 31, 2017 | 208.00 Mn |
| Mar 31, 2017 | 208.00 Mn |
| Dec 31, 2016 | 235.00 Mn |
| Dec 31, 2016 | 235.00 Mn |
| Sep 30, 2016 | 29.00 Mn |
| Sep 30, 2016 | 29.00 Mn |
| Jun 30, 2016 | 146.00 Mn |
| Jun 30, 2016 | 146.00 Mn |
| Mar 31, 2016 | 232.00 Mn |
| Mar 31, 2016 | 232.00 Mn |
| Dec 31, 2015 | 131.00 Mn |
| Dec 31, 2015 | 131.00 Mn |
| Sep 30, 2015 | 116.00 Mn |
| Sep 30, 2015 | 116.00 Mn |
| Jun 30, 2015 | 122.00 Mn |
| Jun 30, 2015 | 122.00 Mn |
| Mar 31, 2015 | 225.00 Mn |
| Mar 31, 2015 | 225.00 Mn |
| Dec 31, 2014 | 178.00 Mn |
| Dec 31, 2014 | 178.00 Mn |
| Sep 30, 2014 | -3.00 Mn |
| Sep 30, 2014 | -3.00 Mn |
| Jun 30, 2014 | 165.00 Mn |
| Jun 30, 2014 | 165.00 Mn |
| Mar 31, 2014 | 152.00 Mn |
| Mar 31, 2014 | 152.00 Mn |
| Dec 31, 2013 | 202.00 Mn |
| Dec 31, 2013 | 202.00 Mn |
| Sep 30, 2013 | 47.00 Mn |
| Sep 30, 2013 | 47.00 Mn |
| Jun 30, 2013 | 81.00 Mn |
| Jun 30, 2013 | 81.00 Mn |
| Mar 31, 2013 | 129.00 Mn |
| Mar 31, 2013 | 129.00 Mn |
| Dec 31, 2012 | 208.00 Mn |
| Dec 31, 2012 | 208.00 Mn |
| Sep 30, 2012 | 16.00 Mn |
| Sep 30, 2012 | 16.00 Mn |
| Jun 30, 2012 | 185.00 Mn |
| Jun 30, 2012 | 185.00 Mn |
| Mar 31, 2012 | 92.00 Mn |
| Mar 31, 2012 | 92.00 Mn |
| Dec 31, 2011 | 196.00 Mn |
| Dec 31, 2011 | 196.00 Mn |
| Sep 30, 2011 | -21.00 Mn |
| Sep 30, 2011 | -21.00 Mn |
| Jun 30, 2011 | 245.00 Mn |
| Jun 30, 2011 | 245.00 Mn |
| Mar 31, 2011 | 161.00 Mn |
| Mar 31, 2011 | 161.00 Mn |
| Dec 31, 2010 | 173.00 Mn |
| Dec 31, 2010 | 173.00 Mn |
| Sep 30, 2010 | 22.00 Mn |
| Sep 30, 2010 | 22.00 Mn |
| Jun 30, 2010 | 230.00 Mn |
| Jun 30, 2010 | 230.00 Mn |
| Mar 31, 2010 | -27.00 Mn |
| Mar 31, 2010 | -27.00 Mn |
| Dec 31, 2009 | 341.00 Mn |
| Dec 31, 2009 | 341.00 Mn |
| Sep 30, 2009 | -11.00 Mn |
| Sep 30, 2009 | -11.00 Mn |