Nasdaq (NDAQ) Free Cash Flow (2009 - 2026)
Nasdaq (NDAQ) posted Free Cash Flow of $634.0 million for Q2 2026, up 0.79% sequentially from $629.0 million in Q1 2026, and down 7.71% YoY from $687.0 million in Q2 2025.
Nasdaq (NDAQ) Free Cash Flow (2009 - 2026) Analysis & Trends
Nasdaq has reported Free Cash Flow for 18 years, with the latest figure at $634.0 million 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 advanced to $634.0 million in Q2 2026 per NDAQ's latest filing, from $629.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $687.0 million in Q2 2025 and troughed at $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.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow jumped 879.41% in 2022, then dropped 28.52% in 2024.
- Over 5 years, Free Cash Flow stood at $460.0 million in 2022, then slipped by 18.48% to $375.0 million in 2023, then jumped by 72.0% to $645.0 million in 2024, then retreated by 16.9% to $536.0 million in 2025, then increased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 1.40 Bn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 923.50 Mn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | 1.88 Bn |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 688.00 Mn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 634.00 Mn |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | 197.31 Mn |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 337.40 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | -536.30 Mn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 305.70 Mn |
| 10 | Factset Research Systems | 10.82 Bn | 10.52 Bn | 310.73 Mn | 254.05 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 |