KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) Invested Capital (2016 - 2025)

Nasdaq's Invested Capital history spans 17 years, with the latest figure at $20.8 billion for Q4 2025.

  • For Q4 2025, Invested Capital rose 5.15% year-over-year to $20.8 billion; the TTM value through Dec 2025 reached $20.8 billion, up 5.15%, while the annual FY2025 figure was $20.8 billion, 5.15% up from the prior year.
  • Invested Capital for Q4 2025 was $20.8 billion at Nasdaq, roughly flat from $20.7 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $20.8 billion in Q4 2025 and bottomed at $4.7 billion in Q2 2022.
  • The 5-year median for Invested Capital is $9.8 billion (2022), against an average of $11.9 billion.
  • The largest YoY upside for Invested Capital was 332.34% in 2023 against a maximum downside of 24.31% in 2023.
  • A 5-year view of Invested Capital shows it stood at $6.3 billion in 2021, then dropped by 24.31% to $4.7 billion in 2022, then surged by 332.34% to $20.5 billion in 2023, then dropped by 3.47% to $19.8 billion in 2024, then rose by 5.15% to $20.8 billion in 2025.
  • Per Business Quant, the three most recent readings for NDAQ's Invested Capital are $20.8 billion (Q4 2025), $20.7 billion (Q3 2025), and $17.6 billion (Q2 2025).