Nasdaq (NDAQ) Intangibles (2009 - 2026)
Nasdaq recorded quarterly Intangibles of $6.4 billion in Q1 2026, down 2.07% quarter-over-quarter from $6.5 billion in Q4 2025, and down 6.65% year-over-year from $6.8 billion in Q1 2025.
Nasdaq's Intangibles history runs 18 years deep, the most recent figure standing at $6.4 billion for Q1 2026.
- In Q1 2026, Intangibles fell 6.65% year-over-year to $6.4 billion; the TTM figure through Mar 2026 stood at $6.4 billion (down 6.65% YoY), while the FY2025 annual figure was $6.5 billion, down 5.71% from the prior year.
- Intangibles came in at $6.4 billion for Q1 2026 at Nasdaq, down from $6.5 billion in the prior quarter.
- In the past five years, Intangibles ranged from a high of $7.4 billion in Q4 2023 to a low of $2.4 billion in Q3 2023.
- A 5-year average of $5.1 billion and a median of $6.5 billion in 2025 frame the typical range for Intangibles.
- Across the five-year window, Intangibles dropped 10.47% in 2022 and soared 189.13% in 2024, its largest moves.
- Nasdaq's Intangibles stood at $2.6 billion in 2022, then surged by 188.38% to $7.4 billion in 2023, then decreased by 7.23% to $6.9 billion in 2024, then declined by 5.71% to $6.5 billion in 2025, then declined by 2.07% to $6.4 billion in 2026.
- According to Business Quant data, Intangibles over the past three periods registered $6.4 billion, $6.5 billion, and $6.6 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 15.98 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 2.55 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 15.11 Bn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 1.81 Bn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 6.38 Bn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 1.36 Bn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 851.00 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 1.27 Bn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 3.56 Bn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 1.88 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.38 Bn |
| Dec 31, 2025 | 6.51 Bn |
| Sep 30, 2025 | 6.62 Bn |
| Jun 30, 2025 | 6.74 Bn |
| Mar 31, 2025 | 6.83 Bn |
| Dec 31, 2024 | 6.91 Bn |
| Sep 30, 2024 | 7.07 Bn |
| Jun 30, 2024 | 7.17 Bn |
| Mar 31, 2024 | 7.29 Bn |
| Dec 31, 2023 | 7.44 Bn |
| Sep 30, 2023 | 2.45 Bn |
| Jun 30, 2023 | 2.49 Bn |
| Mar 31, 2023 | 2.55 Bn |
| Dec 31, 2022 | 2.58 Bn |
| Sep 30, 2022 | 2.58 Bn |
| Jun 30, 2022 | 2.67 Bn |
| Mar 31, 2022 | 2.75 Bn |
| Dec 31, 2021 | 2.81 Bn |
| Sep 30, 2021 | 2.89 Bn |
| Jun 30, 2021 | 2.94 Bn |
| Mar 31, 2021 | 2.97 Bn |
| Dec 31, 2020 | 2.26 Bn |
| Sep 30, 2020 | 2.22 Bn |
| Jun 30, 2020 | 2.22 Bn |
| Mar 31, 2020 | 2.20 Bn |
| Dec 31, 2019 | 2.25 Bn |
| Sep 30, 2019 | 2.24 Bn |
| Jun 30, 2019 | 2.30 Bn |
| Mar 31, 2019 | 2.33 Bn |
| Dec 31, 2018 | 2.30 Bn |
| Sep 30, 2018 | 2.33 Bn |
| Jun 30, 2018 | 2.35 Bn |
| Mar 31, 2018 | 2.43 Bn |
| Dec 31, 2017 | 2.47 Bn |
| Sep 30, 2017 | 2.09 Bn |
| Jun 30, 2017 | 2.10 Bn |
| Mar 31, 2017 | 2.08 Bn |
| Dec 31, 2016 | 2.09 Bn |
| Sep 30, 2016 | 885.00 Mn |
| Jun 30, 2016 | 1.86 Bn |
| Mar 31, 2016 | 682.00 Mn |
| Dec 31, 2015 | 1.96 Bn |
| Sep 30, 2015 | 592.00 Mn |
| Jun 30, 2015 | 4.00 Mn |
| Mar 31, 2015 | 4.00 Mn |
| Dec 31, 2014 | 633.00 Mn |
| Sep 30, 2014 | 1.49 Bn |
| Jun 30, 2014 | 1.55 Bn |
| Mar 31, 2014 | 2.36 Bn |
| Dec 31, 2013 | 105.00 Mn |
| Sep 30, 2013 | 2.41 Bn |
| Jun 30, 2013 | 2.38 Bn |
| Mar 31, 2013 | 987.00 Mn |
| Dec 31, 2012 | 1.00 Mn |
| Sep 30, 2012 | 1.65 Bn |
| Jun 30, 2012 | 1.63 Bn |
| Mar 31, 2012 | 1.68 Bn |
| Dec 31, 2011 | 1.65 Bn |
| Sep 30, 2011 | 1.66 Bn |
| Jun 30, 2011 | 1.77 Bn |
| Mar 31, 2011 | 1.77 Bn |
| Dec 31, 2010 | 76.00 Mn |
| Sep 30, 2010 | 1.68 Bn |
| Jun 30, 2010 | 1.51 Bn |
| Dec 31, 2009 | 1.63 Bn |