Nasdaq (NDAQ) Invested Capital (2009 - 2026)
Nasdaq's (NDAQ) quarterly Invested Capital came in at $20.6 billion in Q1 2026, little changed year-on-year from $20.5 billion in Q1 2025, and down 1.18% quarter-over-quarter from $20.8 billion in Q4 2025.
Nasdaq (NDAQ) Invested Capital (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Invested Capital across 18 years of filings, most recently posting $20.6 billion for Q1 2026.
- Invested Capital for Q1 2026 came in at $20.6 billion, changed 0.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $20.6 billion (changed 0.38% YoY), and the FY2025 annual result was $20.8 billion, up 162.19% from the prior year.
- Invested Capital came in at $20.6 billion for Q1 2026 at Nasdaq, down from $20.8 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $20.8 billion in Q4 2025 to a low of $2.7 billion in Q4 2022.
- The 5-year median for Invested Capital is $10.5 billion (2022), against an average of $12.4 billion.
- Across the five-year window, Invested Capital jumped 646.83% in 2023 and slumped 61.28% in 2024, its largest moves.
- Nasdaq's Invested Capital stood at $2.7 billion in 2022, then surged by 646.83% to $20.5 billion in 2023, then plunged by 61.28% to $7.9 billion in 2024, then jumped by 162.19% to $20.8 billion in 2025, then decreased by 1.18% to $20.6 billion in 2026.
- The last three Invested Capital figures came in at $20.6 billion (Q1 2026), $20.8 billion (Q4 2025), and $20.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 44.49 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 26.62 Bn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 10.11 Bn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 31.28 Bn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 20.56 Bn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | 20.68 Bn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 3.63 Bn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 6.82 Bn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 4.96 Bn |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | 3.50 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.56 Bn |
| Dec 31, 2025 | 20.81 Bn |
| Sep 30, 2025 | 20.70 Bn |
| Jun 30, 2025 | 7.97 Bn |
| Mar 31, 2025 | 20.48 Bn |
| Dec 31, 2024 | 7.94 Bn |
| Sep 30, 2024 | 20.44 Bn |
| Jun 30, 2024 | 7.24 Bn |
| Mar 31, 2024 | 9.78 Bn |
| Dec 31, 2023 | 20.49 Bn |
| Sep 30, 2023 | 16.18 Bn |
| Jun 30, 2023 | 11.16 Bn |
| Mar 31, 2023 | 4.77 Bn |
| Dec 31, 2022 | 2.74 Bn |
| Sep 30, 2022 | 10.46 Bn |
| Jun 30, 2022 | 4.71 Bn |
| Mar 31, 2022 | 4.81 Bn |
| Dec 31, 2021 | 3.88 Bn |
| Sep 30, 2021 | 11.80 Bn |
| Jun 30, 2021 | 11.58 Bn |