Nasdaq (NDAQ) Interest Coverage Ratio (2009 - 2026)
Nasdaq recorded quarterly Interest Coverage Ratio of 7.55 in Q1 2026, up 5.65% quarter-over-quarter from 7.15 in Q4 2025, and up 32.53% year-over-year from 5.7 in Q1 2025.
Nasdaq's Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 7.55 for Q1 2026.
- In Q1 2026, Interest Coverage Ratio rose 32.53% year-over-year to 7.55; the TTM figure through Mar 2026 stood at 6.83 (up 41.64% YoY), while the FY2025 annual figure was 6.35, up 46.25% from the prior year.
- Interest Coverage Ratio came in at 7.55 for Q1 2026 at Nasdaq, up from 7.15 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 12.88 in Q2 2022 to a low of 0.5 in Q4 2023.
- A 5-year average of 7.41 and a median of 6.74 in 2025 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio plunged 95.27% in 2023 and surged 923.76% in 2024, its largest moves.
- Nasdaq's Interest Coverage Ratio stood at 10.58 in 2022, then slumped by 95.27% to 0.5 in 2023, then soared by 923.76% to 5.12 in 2024, then soared by 39.64% to 7.15 in 2025, then grew by 5.65% to 7.55 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 7.55, 7.15, and 6.74 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 20.85 |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 30.04 |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 8.20 |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | - |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 7.55 |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -0.95 |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 6.61 |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 38.02 |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 3.95 |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 14.16 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.55 |
| Dec 31, 2025 | 7.15 |
| Sep 30, 2025 | 6.74 |
| Jun 30, 2025 | 5.98 |
| Mar 31, 2025 | 5.70 |
| Dec 31, 2024 | 5.12 |
| Sep 30, 2024 | 4.39 |
| Jun 30, 2024 | 4.15 |
| Mar 31, 2024 | 3.80 |
| Dec 31, 2023 | 0.50 |
| Sep 30, 2023 | 4.27 |
| Jun 30, 2023 | 10.61 |
| Mar 31, 2023 | 11.44 |
| Dec 31, 2022 | 10.58 |
| Sep 30, 2022 | 12.44 |
| Jun 30, 2022 | 12.88 |
| Mar 31, 2022 | 12.66 |
| Dec 31, 2021 | 11.47 |
| Sep 30, 2021 | 10.79 |
| Jun 30, 2021 | 11.39 |
| Mar 31, 2021 | 12.59 |
| Dec 31, 2020 | 13.25 |
| Sep 30, 2020 | 13.58 |
| Jun 30, 2020 | 12.12 |
| Mar 31, 2020 | 10.58 |
| Dec 31, 2019 | 9.63 |
| Sep 30, 2019 | 7.79 |
| Jun 30, 2019 | 8.26 |
| Mar 31, 2019 | 7.43 |
| Dec 31, 2018 | 6.34 |
| Sep 30, 2018 | 6.47 |
| Jun 30, 2018 | 7.27 |
| Mar 31, 2018 | 7.18 |
| Dec 31, 2017 | 6.69 |
| Sep 30, 2017 | 7.71 |
| Jun 30, 2017 | 6.72 |
| Mar 31, 2017 | 6.65 |
| Dec 31, 2016 | 1.11 |
| Sep 30, 2016 | 6.30 |
| Jun 30, 2016 | 5.44 |
| Mar 31, 2016 | 7.82 |
| Dec 31, 2015 | 0.82 |
| Sep 30, 2015 | 0.43 |
| Jun 30, 2015 | 0.41 |
| Mar 31, 2015 | 0.36 |
| Dec 31, 2014 | 5.97 |
| Sep 30, 2014 | 7.14 |
| Jun 30, 2014 | 6.37 |
| Mar 31, 2014 | 6.13 |
| Dec 31, 2013 | 7.93 |
| Sep 30, 2013 | 6.31 |
| Jun 30, 2013 | 6.12 |
| Mar 31, 2013 | 3.75 |
| Dec 31, 2012 | 7.25 |
| Sep 30, 2012 | 7.08 |
| Jun 30, 2012 | 7.29 |
| Mar 31, 2012 | 7.13 |
| Dec 31, 2011 | 6.15 |
| Sep 30, 2011 | 6.50 |
| Jun 30, 2011 | 5.10 |
| Mar 31, 2011 | 5.72 |
| Dec 31, 2010 | 6.73 |
| Sep 30, 2010 | 6.60 |
| Jun 30, 2010 | 6.88 |
| Mar 31, 2010 | 4.48 |
| Dec 31, 2009 | 5.92 |
| Sep 30, 2009 | 5.04 |
| Jun 30, 2009 | 6.36 |