Nasdaq (NDAQ) Minority Interest (2009 - 2026)
Nasdaq (NDAQ) posted Minority Interest of $5 million for Q2 2026, down 28.6% from $7 million a year earlier and unchanged from the prior quarter.
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Analysis
Nasdaq (NDAQ) Minority Interest (2009 - 2026) Analysis & Trends
Since Q4 2009, Nasdaq has reported Minority Interest for 46 quarters.
- Annual Minority Interest has declined for three consecutive years, though with a five-year compound annual growth rate of 10.8% (FY2020 to FY2025).
- In prior years, Nasdaq's Minority Interest was $9 million in FY2024 (-18.2%), $11 million in FY2023 (-15.4%), $13 million in FY2022 (+30.0%) and $10 million in FY2021 (+233.3%).
- Quarterly Minority Interest has run from a low of $5 million in Q4 2025 to a high of $13 million in Q4 2022 over five years.
- On a year-over-year basis, Minority Interest has declined in each of the last 11 quarters, with an average decline of 27.9% over the last eight quarters.
- The strongest year-over-year quarter for Minority Interest in the past five years was Q1 2022, with growth of 350.0%; the weakest was Q4 2025, with a decline of 44.4%.
- According to Business Quant data, Minority Interest for the three prior quarters was $5 million (Q1 2026), $5 million (Q4 2025) and $7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 106.61 Bn | 94.70 Bn | - |
| 2 | Robinhood Markets | 91.70 Bn | 72.73 Bn | - |
| 3 | Intercontinental Exchange | 88.95 Bn | 82.69 Bn | - |
| 4 | Nasdaq | 54.22 Bn | 51.65 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 38.25 Bn | 15.37 Bn | - |
| 6 | Cboe Global Markets | 33.42 Bn | 25.08 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.64 Bn | 20.96 Bn | - |
| 8 | Tradeweb Markets | 25.45 Bn | 17.47 Bn | - |
| 9 | Circle Internet | 22.26 Bn | 16.14 Bn | 288.85 Mn |
| 10 | Xp | 16.07 Bn | -5.76 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.00 Mn |
| Mar 31, 2026 | 5.00 Mn |
| Dec 31, 2025 | 5.00 Mn |
| Sep 30, 2025 | 7.00 Mn |
| Jun 30, 2025 | 7.00 Mn |
| Mar 31, 2025 | 9.00 Mn |
| Dec 31, 2024 | 9.00 Mn |
| Sep 30, 2024 | 9.00 Mn |
| Jun 30, 2024 | 10.00 Mn |
| Mar 31, 2024 | 10.00 Mn |
| Dec 31, 2023 | 11.00 Mn |
| Sep 30, 2023 | 12.00 Mn |
| Jun 30, 2023 | 12.00 Mn |
| Mar 31, 2023 | 12.00 Mn |
| Dec 31, 2022 | 13.00 Mn |
| Sep 30, 2022 | 9.00 Mn |
| Jun 30, 2022 | 9.00 Mn |
| Mar 31, 2022 | 9.00 Mn |
| Dec 31, 2021 | 10.00 Mn |
| Sep 30, 2021 | 10.00 Mn |
API Access
Nasdaq Minority Interest 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=minority-interest&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "minority-interest", "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=minority-interest&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();