Nasdaq (NDAQ) Interest Expenses (2009 - 2026)
Nasdaq (NDAQ) recorded Interest Expenses of $86 million in Q2 2026, down 9.5% from $95 million a year earlier and down 1.1% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Interest Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Nasdaq's Interest Expenses came in at $348 million as of Jun 30, 2026, down 11.7% year-over-year; for FY2025, it was $367 million, down 11.4% from FY2024.
- Annual Interest Expenses has a five-year compound annual growth rate of 29.4% (FY2020 to FY2025).
- Across earlier years, Interest Expenses came in at $414 million in FY2024 (+45.8%), $284 million in FY2023 (+120.2%), $129 million in FY2022 (+3.2%) and $125 million in FY2021 (+23.8%).
- The Q2 2026 figure is the lowest quarterly Interest Expenses since Q2 2023.
- On a year-over-year basis, Interest Expenses has declined for seven consecutive quarters, with an average decline of 8.9% over the last eight quarters.
- Peak year-over-year performance for Interest Expenses in the last five years was growth of 233.3% in Q4 2023, against a decline of 14.7% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $87 million (Q1 2026), $88 million (Q4 2025) and $87 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.61 Bn | 94.70 Bn | - | 43.60 Mn |
| 2 | Robinhood Markets | 91.70 Bn | 72.73 Bn | - | 159.00 Mn |
| 3 | Intercontinental Exchange | 88.95 Bn | 82.69 Bn | - | 205.00 Mn |
| 4 | Nasdaq | 54.22 Bn | 51.65 Bn | 1.50 Bn | 86.00 Mn |
| 5 | Interactive Brokers | 38.25 Bn | 15.37 Bn | - | 1.18 Bn |
| 6 | Cboe Global Markets | 33.42 Bn | 25.08 Bn | 731.60 Mn | 13.20 Mn |
| 7 | LPL Financial Holdings | 25.64 Bn | 20.96 Bn | - | 101.50 Mn |
| 8 | Tradeweb Markets | 25.45 Bn | 17.47 Bn | - | 505,000.00 |
| 9 | Circle Internet | 22.26 Bn | 16.14 Bn | 288.85 Mn | - |
| 10 | Xp | 16.07 Bn | -5.76 Bn | 105.39 Mn | -22.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 86.00 Mn |
| Mar 31, 2026 | 87.00 Mn |
| Dec 31, 2025 | 88.00 Mn |
| Sep 30, 2025 | 87.00 Mn |
| Jun 30, 2025 | 95.00 Mn |
| Mar 31, 2025 | 96.00 Mn |
| Dec 31, 2024 | 101.00 Mn |
| Sep 30, 2024 | 102.00 Mn |
| Jun 30, 2024 | 102.00 Mn |
| Mar 31, 2024 | 108.00 Mn |
| Dec 31, 2023 | 110.00 Mn |
| Sep 30, 2023 | 101.00 Mn |
| Jun 30, 2023 | 36.00 Mn |
| Mar 31, 2023 | 36.00 Mn |
| Dec 31, 2022 | 33.00 Mn |
| Sep 30, 2022 | 32.00 Mn |
| Jun 30, 2022 | 32.00 Mn |
| Mar 31, 2022 | 32.00 Mn |
| Dec 31, 2021 | 30.00 Mn |
| Sep 30, 2021 | 33.00 Mn |
API Access
Nasdaq Interest Expenses 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=interest-expenses&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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=interest-expenses&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();