Nasdaq (NDAQ) Market Capitalization (2009 - 2026)
Nasdaq's Market Capitalization came in at $44.3 billion for Q2 2026, down 13.7% from $51.33 billion a year earlier and down 7.6% 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 Q2 2026 figure represents the lowest quarterly Market Capitalization since Q1 2025.
- Year-over-year, Market Capitalization increased in seven of the last eight quarters, with growth averaging 27.3%.
- 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 $47.96 billion (Q1 2026), $55.35 billion (Q4 2025) and $50.68 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn |
| 10 | LPL Financial Holdings | 24.08 Bn | 19.40 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 32.27 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();