Nasdaq (NDAQ) Minority Interest (2009 - 2026)
Nasdaq (NDAQ) posted Minority Interest of $4 million for Q3 2026, down 42.9% from $7 million a year earlier and down 20.0% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Minority Interest (2009 - 2026) Analysis & Trends
At the end of FY2025, Nasdaq's Minority Interest came in at $5 million, down 44.4% from FY2024.
- 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%).
- The Q3 2026 figure stands as the lowest quarterly Minority Interest since Q1 2021.
- On a year-over-year basis, Minority Interest has declined in each of the last 12 quarters, with an average decline of 30.1% 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 (Q2 2026), $5 million (Q1 2026) and $5 million (Q4 2025).
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 | 4.00 Mn |
| 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 |
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();