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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Nasdaq (NDAQ) Gross Margin (2016 - 2025)

Nasdaq's Gross Margin history spans 17 years, with the latest figure at 65.49% for Q4 2025.

  • For Q4 2025, Gross Margin rose 505.0% year-over-year to 65.49%; the TTM value through Dec 2025 reached 63.53%, up 69.0%, while the annual FY2025 figure was 63.53%, 71.0% up from the prior year.
  • Gross Margin for Q4 2025 was 65.49% at Nasdaq, down from 67.16% in the prior quarter.
  • Across five years, Gross Margin topped out at 67.82% in Q4 2023 and bottomed at 51.54% in Q1 2021.
  • The 5-year median for Gross Margin is 60.39% (2021), against an average of 61.34%.
  • The largest annual shift saw Gross Margin soared 1115bps in 2021 before it plummeted -754bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 60.33% in 2021, then dropped by -5bps to 57.33% in 2022, then rose by 18bps to 67.82% in 2023, then fell by -11bps to 60.44% in 2024, then rose by 8bps to 65.49% in 2025.
  • Per Business Quant, the three most recent readings for NDAQ's Gross Margin are 65.49% (Q4 2025), 67.16% (Q3 2025), and 62.49% (Q2 2025).