Nasdaq (NDAQ) Invested Capital (2009 - 2026)

Nasdaq (NDAQ) posted quarterly Invested Capital of $269.0 million for Q2 2026, down 46.2% year-on-year from $500.0 million in Q2 2025, and down 37.59% on a QoQ basis from $431.0 million in Q1 2026.

Nasdaq (NDAQ) Invested Capital (2009 - 2026) Analysis & Trends

Nasdaq (NDAQ) has reported Invested Capital for 18 consecutive years, with $269.0 million the latest figure, recorded in Q2 2026.

  • Quarterly Invested Capital fell 46.2% year-over-year to $269.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.6 billion (down 13.13% YoY) and the FY2025 annual result came in at $431.0 million, up 8.02% from the prior year.
  • Invested Capital fell to $269.0 million in Q2 2026 per NDAQ's latest filing, from $431.0 million in the prior quarter.
  • Over the last five years, Invested Capital for NDAQ reached as high as $1.1 billion in Q1 2022 and fell as low as $140.0 million in Q2 2023.
  • A 5-year average of $499.5 million and a median of $431.0 million in 2025 frame the typical range for Invested Capital.
  • Annual changes were most pronounced in 2022 — Invested Capital soared 361.54% — and 2023, when it slumped 86.27%.
  • Year by year, Invested Capital stood at $664.0 million in 2022, then sank by 56.17% to $291.0 million in 2023, then surged by 37.11% to $399.0 million in 2024, then advanced by 8.02% to $431.0 million in 2025, then plunged by 37.59% to $269.0 million in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $269.0 million, $431.0 million, and $431.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Bit Origin 1,110.84 Bn 1,110.84 Bn - -
2 S&P Global 130.72 Bn 128.91 Bn 2.94 Bn 2.70 Bn
3 Cme 92.16 Bn 92.16 Bn 1.65 Bn -
4 Moodys 84.72 Bn 83.22 Bn 1.67 Bn 571.00 Mn
5 Intercontinental Exchange 84.12 Bn 82.38 Bn - 1.75 Bn
6 Nasdaq 53.10 Bn 52.38 Bn 1.50 Bn 269.00 Mn
7 Coinbase Global 44.25 Bn 33.81 Bn 1.33 Bn 564.61 Mn
8 Msci 41.65 Bn 41.29 Bn 717.10 Mn -
9 Cboe Global Markets 30.13 Bn 27.96 Bn 728.90 Mn 649.50 Mn
10 TransUnion 14.77 Bn 14.04 Bn 726.20 Mn 205.00 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 269.00 Mn
Mar 31, 2026 431.00 Mn
Dec 31, 2025 431.00 Mn
Sep 30, 2025 431.00 Mn
Jun 30, 2025 500.00 Mn
Mar 31, 2025 400.00 Mn
Dec 31, 2024 399.00 Mn
Sep 30, 2024 499.00 Mn
Jun 30, 2024 548.00 Mn
Mar 31, 2024 224.00 Mn
Dec 31, 2023 291.00 Mn
Jun 30, 2023 140.00 Mn
Mar 31, 2023 347.00 Mn
Dec 31, 2022 664.00 Mn
Sep 30, 2022 799.00 Mn
Jun 30, 2022 1.02 Bn
Mar 31, 2022 1.10 Bn
Dec 31, 2021 1.02 Bn
Sep 30, 2021 480.00 Mn
Jun 30, 2021 221.00 Mn