Nasdaq (NDAQ) Market Capitalization (2009 - 2026)
Nasdaq's Market Capitalization came in at $51.38 billion for Q3 2026, up 1.4% from $50.68 billion a year earlier and up 16.0% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Market Capitalization (2009 - 2026) Analysis & Trends
For FY2025, Nasdaq's Market Capitalization was $55.35 billion, up 24.5% from FY2024.
- Market Capitalization has increased in each of the last three years, with a five-year compound annual growth rate of 20.4% (FY2020 to FY2025).
- Going back by year, Market Capitalization was $44.46 billion in FY2024 (+32.9%), $33.44 billion in FY2023 (+10.9%), $30.16 billion in FY2022 (-13.8%) and $35 billion in FY2021 (+59.9%).
- The five-year range for quarterly Market Capitalization is $23.87 billion (Q3 2023) to $55.35 billion (Q4 2025).
- Year-over-year, Market Capitalization increased in seven of the last eight quarters, with growth averaging 18.0%.
- The fastest year-over-year change in Market Capitalization over five years came in Q3 2024 (growth of 75.8%), and the weakest in Q2 2022 (a decline of 15.9%).
- Business Quant data shows NDAQ's Market Capitalization at $44.3 billion (Q2 2026), $47.96 billion (Q1 2026) and $55.35 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 51.38 Bn |
| Jun 30, 2026 | 44.30 Bn |
| Mar 31, 2026 | 47.96 Bn |
| Dec 31, 2025 | 55.35 Bn |
| Sep 30, 2025 | 50.68 Bn |
| Jun 30, 2025 | 51.33 Bn |
| Mar 31, 2025 | 43.54 Bn |
| Dec 31, 2024 | 44.46 Bn |
| Sep 30, 2024 | 41.98 Bn |
| Jun 30, 2024 | 34.71 Bn |
| Mar 31, 2024 | 36.35 Bn |
| Dec 31, 2023 | 33.44 Bn |
| Sep 30, 2023 | 23.87 Bn |
| Jun 30, 2023 | 24.49 Bn |
| Mar 31, 2023 | 26.79 Bn |
| Dec 31, 2022 | 30.16 Bn |
| Sep 30, 2022 | 27.84 Bn |
| Jun 30, 2022 | 25.02 Bn |
| Mar 31, 2022 | 29.40 Bn |
| Dec 31, 2021 | 35.00 Bn |
API Access
Nasdaq Market Capitalization API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=market-capitalization&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "ticker": "NDAQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=market-capitalization&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();