Nasdaq (NDAQ) Intangibles (2009 - 2026)
Nasdaq's Intangibles came in at $6.11 billion for Q3 2026, down 7.8% from $6.62 billion a year earlier and down 1.9% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, Nasdaq's Intangibles was $6.51 billion, down 5.7% from FY2024.
- Intangibles carries a five-year compound annual growth rate of 23.6% (FY2020 to FY2025).
- Going back by year, Intangibles was $6.91 billion in FY2024 (-7.2%), $7.44 billion in FY2023 (+188.4%), $2.58 billion in FY2022 (-8.2%) and $2.81 billion in FY2021 (+24.7%).
- The Q3 2026 figure represents the lowest quarterly Intangibles since Q3 2023.
- Year-over-year, Intangibles has declined for eight consecutive quarters, with an average decline of 6.7% over the last eight quarters.
- The fastest year-over-year change in Intangibles over five years came in Q3 2024 (growth of 189.1%), and the weakest in Q3 2022 (a decline of 10.5%).
- Business Quant data shows NDAQ's Intangibles at $6.22 billion (Q2 2026), $6.38 billion (Q1 2026) and $6.51 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 2.44 Bn |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - | 2.79 Bn |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn | 14.66 Bn |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - | 231.00 Mn |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn | 6.11 Bn |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - | 763.00 Mn |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn | 1.17 Bn |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - | - |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - | - |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - | 1.06 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.11 Bn |
| Jun 30, 2026 | 6.22 Bn |
| 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 |
API Access
Nasdaq Intangibles 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=intangibles&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();