Nasdaq (NDAQ) Invested Capital (2009 - 2026)
Nasdaq recorded quarterly Invested Capital of $20.6 billion in Q1 2026, down 1.18% quarter-over-quarter from $20.8 billion in Q4 2025, and little changed year-over-year from $20.5 billion in Q1 2025.
Nasdaq's Invested Capital history runs 18 years deep, the most recent figure standing at $20.6 billion for Q1 2026.
- In Q1 2026, Invested Capital changed 0.38% year-over-year to $20.6 billion; the TTM figure through Mar 2026 stood at $20.6 billion (changed 0.38% YoY), while the FY2025 annual figure 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.
- A 5-year average of $12.4 billion and a median of $10.5 billion in 2022 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital surged 646.83% in 2023 and sank 61.28% in 2024, its largest moves.
- Nasdaq's Invested Capital stood at $2.7 billion in 2022, then soared by 646.83% to $20.5 billion in 2023, then tumbled by 61.28% to $7.9 billion in 2024, then surged by 162.19% to $20.8 billion in 2025, then slipped by 1.18% to $20.6 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $20.6 billion, $20.8 billion, and $20.7 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 44.49 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 26.62 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 31.28 Bn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 10.11 Bn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 20.56 Bn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 20.68 Bn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 3.63 Bn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 6.82 Bn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 4.96 Bn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 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 |
| Mar 31, 2021 | 7.86 Bn |
| Dec 31, 2020 | 3.58 Bn |
| Sep 30, 2020 | 9.59 Bn |
| Jun 30, 2020 | 1.77 Bn |
| Mar 31, 2020 | 1.05 Bn |
| Dec 31, 2019 | 2.66 Bn |
| Sep 30, 2019 | 8.27 Bn |
| Jun 30, 2019 | 7.85 Bn |
| Mar 31, 2019 | 683.00 Mn |
| Dec 31, 2018 | 6.92 Bn |
| Sep 30, 2018 | 8.67 Bn |
| Jun 30, 2018 | 3.08 Bn |
| Mar 31, 2018 | 2.87 Bn |
| Dec 31, 2017 | 7.09 Bn |
| Sep 30, 2017 | 9.32 Bn |
| Jun 30, 2017 | 8.63 Bn |
| Mar 31, 2017 | 8.97 Bn |
| Dec 31, 2016 | 6.71 Bn |
| Sep 30, 2016 | 5.77 Bn |
| Jun 30, 2016 | 5.72 Bn |
| Mar 31, 2016 | 5.70 Bn |
| Dec 31, 2015 | 7.97 Bn |
| Sep 30, 2015 | 5.57 Bn |
| Jun 30, 2015 | 5.72 Bn |
| Mar 31, 2015 | 5.54 Bn |
| Dec 31, 2014 | 5.79 Bn |
| Sep 30, 2014 | 6.12 Bn |
| Jun 30, 2014 | 6.21 Bn |
| Mar 31, 2014 | 6.67 Bn |
| Dec 31, 2013 | 6.23 Bn |
| Sep 30, 2013 | 6.10 Bn |
| Jun 30, 2013 | 6.00 Bn |
| Mar 31, 2013 | 5.34 Bn |
| Dec 31, 2012 | 7.19 Bn |
| Sep 30, 2012 | 7.12 Bn |
| Jun 30, 2012 | 6.97 Bn |
| Mar 31, 2012 | 7.16 Bn |
| Dec 31, 2011 | 7.10 Bn |
| Sep 30, 2011 | 5.03 Bn |
| Jun 30, 2011 | 5.29 Bn |
| Mar 31, 2011 | 5.18 Bn |
| Dec 31, 2010 | 5.12 Bn |
| Sep 30, 2010 | 5.22 Bn |
| Jun 30, 2010 | 4.82 Bn |
| Dec 31, 2009 | 5.17 Bn |