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| 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 |