Nasdaq (NDAQ) Gross Margin (2009 - 2026)
Nasdaq (NDAQ) posted quarterly Gross Margin of 59.24% for Q2 2026, down 292.0% year-on-year from 30.86% in Q2 2025, and down 10.02% on a QoQ basis from 65.84% in Q1 2026.
Nasdaq (NDAQ) Gross Margin (2009 - 2026) Analysis & Trends
Nasdaq (NDAQ) has reported Gross Margin for 18 consecutive years, with 59.24% the latest figure, recorded in Q2 2026.
- Quarterly Gross Margin fell 292.0% year-over-year to 59.24% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 64.15% (up 368.0% YoY) and the FY2025 annual result came in at 63.53%, up 71.0% from the prior year.
- Gross Margin slipped to 59.24% in Q2 2026 per NDAQ's latest filing, from 65.84% in the prior quarter.
- Over the last five years, Gross Margin for NDAQ reached as high as 749.66% in Q4 2023 and fell as low as 57.16% in Q3 2022.
- A 5-year average of 99.99% and a median of 61.3% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin surged 69233 bps — and 2024, when it plunged 68922 bps.
- Year by year, Gross Margin stood at 57.33% in 2022, then soared by 1208 bps to 749.66% in 2023, then slumped by 92 bps to 60.44% in 2024, then gained by 8 bps to 65.54% in 2025, then retreated by 10 bps to 59.24% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 59.24%, 65.84%, and 65.54% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (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 | 70.39% |
| 3 | Cme | 92.16 Bn | 92.16 Bn | 1.65 Bn | 96.49% |
| 4 | Moodys | 84.72 Bn | 83.22 Bn | 1.67 Bn | 76.29% |
| 5 | Intercontinental Exchange | 84.12 Bn | 82.38 Bn | - | - |
| 6 | Nasdaq | 53.10 Bn | 52.38 Bn | 1.50 Bn | 59.24% |
| 7 | Coinbase Global | 44.25 Bn | 33.81 Bn | 1.33 Bn | 94.06% |
| 8 | Msci | 41.65 Bn | 41.29 Bn | 717.10 Mn | 82.71% |
| 9 | Cboe Global Markets | 30.13 Bn | 27.96 Bn | 728.90 Mn | 57.27% |
| 10 | TransUnion | 14.77 Bn | 14.04 Bn | 726.20 Mn | 58.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 59.24% |
| Mar 31, 2026 | 65.84% |
| Dec 31, 2025 | 65.54% |
| Sep 30, 2025 | 67.16% |
| Jun 30, 2025 | 62.16% |
| Mar 31, 2025 | 59.02% |
| Dec 31, 2024 | 60.44% |
| Sep 30, 2024 | 60.25% |
| Jun 30, 2024 | 64.68% |
| Mar 31, 2024 | 66.73% |
| Dec 31, 2023 | 749.66% |
| Sep 30, 2023 | 64.78% |
| Jun 30, 2023 | 64.55% |
| Mar 31, 2023 | 59.62% |
| Dec 31, 2022 | 57.33% |
| Sep 30, 2022 | 57.16% |
| Jun 30, 2022 | 57.54% |
| Mar 31, 2022 | 58.11% |
| Dec 31, 2021 | 60.40% |
| Sep 30, 2021 | 61.75% |