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| Date | Value |
|---|---|
| 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 |