Nasdaq (NDAQ) Goodwill (2009 - 2026)
Nasdaq's Goodwill came in at $14.25 billion for Q3 2026, down 0.6% from $14.34 billion a year earlier and unchanged from the prior quarter.
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Analysis
Nasdaq (NDAQ) Goodwill (2009 - 2026) Analysis & Trends
At the end of FY2025, Nasdaq's Goodwill was $14.37 billion, up 3.0% from FY2024.
- Goodwill carries a five-year compound annual growth rate of 16.0% (FY2020 to FY2025).
- Going back by year, Goodwill was $13.96 billion in FY2024 (-1.1%), $14.11 billion in FY2023 (+74.2%), $8.1 billion in FY2022 (-4.0%) and $8.43 billion in FY2021 (+23.1%).
- The five-year range for quarterly Goodwill is $7.95 billion (Q3 2022) to $14.37 billion (Q4 2025).
- Year-over-year, Goodwill increased in five of the last eight quarters, with growth averaging 0.8%.
- The fastest year-over-year change in Goodwill over five years came in Q3 2024 (growth of 77.3%), and the weakest in Q3 2022 (a decline of 6.6%).
- Business Quant data shows NDAQ's Goodwill at $14.25 billion (Q2 2026), $14.31 billion (Q1 2026) and $14.37 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - |
| 10 | Tradeweb Markets | 26.89 Bn | 18.69 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.25 Bn |
| Jun 30, 2026 | 14.25 Bn |
| Mar 31, 2026 | 14.31 Bn |
| Dec 31, 2025 | 14.37 Bn |
| Sep 30, 2025 | 14.34 Bn |
| Jun 30, 2025 | 14.33 Bn |
| Mar 31, 2025 | 14.18 Bn |
| Dec 31, 2024 | 13.96 Bn |
| Sep 30, 2024 | 14.17 Bn |
| Jun 30, 2024 | 13.98 Bn |
| Mar 31, 2024 | 13.97 Bn |
| Dec 31, 2023 | 14.11 Bn |
| Sep 30, 2023 | 7.99 Bn |
| Jun 30, 2023 | 8.02 Bn |
| Mar 31, 2023 | 8.10 Bn |
| Dec 31, 2022 | 8.10 Bn |
| Sep 30, 2022 | 7.95 Bn |
| Jun 30, 2022 | 8.15 Bn |
| Mar 31, 2022 | 8.34 Bn |
| Dec 31, 2021 | 8.43 Bn |
API Access
Nasdaq Goodwill API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=goodwill&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "ticker": "NDAQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=goodwill&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();