Nasdaq (NDAQ) Market Capitalization (2009 - 2026)
Nasdaq's (NDAQ) quarterly Market Capitalization came in at $44.3 billion in Q2 2026, down 13.7% year-over-year from $51.3 billion in Q2 2025, and down 7.64% quarter-over-quarter from $48.0 billion in Q1 2026.
Analysis
Nasdaq (NDAQ) Market Capitalization (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Market Capitalization across 18 years of filings, most recently posting $44.3 billion for Q2 2026.
- In Q2 2026, Market Capitalization fell 13.7% year-over-year to $44.3 billion; the TTM figure through Jun 2026 stood at $44.3 billion (down 13.7% YoY), while the FY2025 annual figure was $55.4 billion, up 24.51% from the prior year.
- Market Capitalization came in at $44.3 billion for Q2 2026 at Nasdaq, down from $48.0 billion in the prior quarter.
- In the past five years, Market Capitalization ranged from a high of $55.4 billion in Q4 2025 to a low of $23.9 billion in Q3 2023.
- Average Market Capitalization over 5 years is $37.3 billion, with a median of $35.5 billion recorded in 2024.
- Year-over-year, Market Capitalization fell 15.91% in 2022 and jumped 75.85% in 2024.
- Over 5 years, Market Capitalization stood at $30.2 billion in 2022, then gained by 10.88% to $33.4 billion in 2023, then surged by 32.95% to $44.5 billion in 2024, then climbed by 24.51% to $55.4 billion in 2025, then retreated by 19.98% to $44.3 billion in 2026.
- Per Business Quant data, the three most recent Market Capitalization figures were $44.3 billion in Q2 2026, $48.0 billion in Q1 2026, and $55.4 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 99.04 Bn | 99.04 Bn | 1.65 Bn |
| 2 | Intercontinental Exchange | 88.45 Bn | 86.50 Bn | - |
| 3 | Nasdaq | 53.21 Bn | 52.49 Bn | 1.50 Bn |
| 4 | Cboe Global Markets | 30.51 Bn | 28.12 Bn | 731.60 Mn |
| 5 | Tradeweb Markets | 21.83 Bn | 19.78 Bn | - |
| 6 | Marketaxess Holdings | 5.75 Bn | 5.46 Bn | - |
| 7 | Miami International Holdings | 4.08 Bn | 3.41 Bn | 141.11 Mn |
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 |