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
DateValue
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