Nasdaq (NDAQ) Intangibles (2009 - 2026)

Nasdaq's (NDAQ) quarterly Intangibles came in at $6.4 billion in Q1 2026, down 6.65% year-on-year from $6.8 billion in Q1 2025, and down 2.07% quarter-over-quarter from $6.5 billion in Q4 2025.

Nasdaq (NDAQ) Intangibles (2009 - 2026) Analysis & Trends

Nasdaq has disclosed Intangibles across 18 years of filings, most recently posting $6.4 billion for Q1 2026.

  • Intangibles for Q1 2026 came in at $6.4 billion, down 6.65% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.4 billion (down 6.65% YoY), and the FY2025 annual result 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.
  • The 5-year median for Intangibles is $6.5 billion (2025), against an average of $5.1 billion.
  • Across the five-year window, Intangibles slipped 10.47% in 2022 and surged 189.13% in 2024, its largest moves.
  • Nasdaq's Intangibles stood at $2.6 billion in 2022, then jumped by 188.38% to $7.4 billion in 2023, then retreated by 7.23% to $6.9 billion in 2024, then dropped by 5.71% to $6.5 billion in 2025, then dropped by 2.07% to $6.4 billion in 2026.
  • The last three Intangibles figures came in at $6.4 billion (Q1 2026), $6.5 billion (Q4 2025), and $6.6 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Intangibles (Qtr)
1 S&P Global 122.27 Bn 125.38 Bn 2.94 Bn 15.98 Bn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 2.55 Bn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn 1.81 Bn
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - 15.11 Bn
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn 6.38 Bn
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn 1.36 Bn
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn 851.00 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 1.27 Bn
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 3.56 Bn
10 Factset Research Systems 8.21 Bn 7.92 Bn 314.28 Mn 1.88 Bn

Historic Data

Download Data
DateValue
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