Nasdaq (NDAQ) Free Cash Flow (2009 - 2026)

Nasdaq (NDAQ) posted quarterly Free Cash Flow of $634.0 million for Q2 2026, down 7.71% year-on-year from $687.0 million in Q2 2025, and up 0.79% on a QoQ basis from $629.0 million in Q1 2026.

Nasdaq (NDAQ) Free Cash Flow (2009 - 2026) Analysis & Trends

Nasdaq (NDAQ) has reported Free Cash Flow for 18 consecutive years, with $634.0 million the latest figure, recorded in Q2 2026.

  • Quarterly Free Cash Flow fell 7.71% year-over-year to $634.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.0 billion (down 8.58% YoY) and the FY2025 annual result came in at $2.0 billion, up 14.84% from the prior year.
  • Free Cash Flow rose to $634.0 million in Q2 2026 per NDAQ's latest filing, from $629.0 million in the prior quarter.
  • Over the last five years, Free Cash Flow for NDAQ reached as high as $687.0 million in Q2 2025 and fell as low as $152.0 million in Q3 2025.
  • A 5-year average of $448.7 million and a median of $475.5 million in 2022 frame the typical range for Free Cash Flow.
  • Annual changes were most pronounced in 2022 — Free Cash Flow soared 879.41% — and 2024, when it fell 28.52%.
  • Year by year, Free Cash Flow stood at $460.0 million in 2022, then fell by 18.48% to $375.0 million in 2023, then jumped by 72.0% to $645.0 million in 2024, then dropped by 16.9% to $536.0 million in 2025, then advanced by 18.28% to $634.0 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $634.0 million, $629.0 million, and $536.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (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 1.01 Bn
3 Cme 92.16 Bn 92.16 Bn 1.65 Bn 923.50 Mn
4 Moodys 84.72 Bn 83.22 Bn 1.67 Bn 688.00 Mn
5 Intercontinental Exchange 84.12 Bn 82.38 Bn - 1.21 Bn
6 Nasdaq 53.10 Bn 52.38 Bn 1.50 Bn 634.00 Mn
7 Coinbase Global 44.25 Bn 33.81 Bn 1.33 Bn 182.74 Mn
8 Msci 41.65 Bn 41.29 Bn 717.10 Mn 361.40 Mn
9 Cboe Global Markets 30.13 Bn 27.96 Bn 728.90 Mn 1.94 Bn
10 TransUnion 14.77 Bn 14.04 Bn 726.20 Mn 19.00 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 634.00 Mn
Jun 30, 2026 634.00 Mn
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