Nasdaq (NDAQ) Net Cash Flow (2009 - 2026)
Nasdaq recorded quarterly Net Cash Flow of -$2.7 billion in Q1 2026, down 373.79% quarter-over-quarter from -$580.0 million in Q4 2025, and down 305.31% year-over-year from $1.3 billion in Q1 2025.
Nasdaq's Net Cash Flow history runs 18 years deep, the most recent figure standing at -$2.7 billion for Q1 2026.
- In Q1 2026, Net Cash Flow fell 305.31% year-over-year to -$2.7 billion; the TTM figure through Mar 2026 stood at -$3.9 billion (down 472.19% YoY), while the FY2025 annual figure was -$1.8 billion, down 14.16% from the prior year.
- Net Cash Flow came in at -$2.7 billion for Q1 2026 at Nasdaq, down from -$580.0 million in the prior quarter.
- In the past five years, Net Cash Flow ranged from a high of $5.3 billion in Q2 2023 to a low of -$4.2 billion in Q4 2023.
- A 5-year average of -$200.5 million and a median of -$327.0 million in 2024 frame the typical range for Net Cash Flow.
- Across the five-year window, Net Cash Flow jumped 644.0% in 2022 and tumbled 771.27% in 2024, its largest moves.
- Nasdaq's Net Cash Flow stood at -$2.7 billion in 2022, then slumped by 57.92% to -$4.2 billion in 2023, then soared by 92.25% to -$327.0 million in 2024, then plunged by 77.37% to -$580.0 million in 2025, then plunged by 373.79% to -$2.7 billion in 2026.
- According to Business Quant data, Net Cash Flow over the past three periods registered -$2.7 billion, -$580.0 million, and $235.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 91.00 Mn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 3.35 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 40.82 Bn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | -871.00 Mn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | -2.75 Bn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -921.23 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | -128.20 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 1.80 Bn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | -101.60 Mn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | -10.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.75 Bn |
| Mar 31, 2026 | -2.75 Bn |
| Dec 31, 2025 | -580.00 Mn |
| Dec 31, 2025 | -580.00 Mn |
| Sep 30, 2025 | 235.00 Mn |
| Sep 30, 2025 | 235.00 Mn |
| Jun 30, 2025 | -775.00 Mn |
| Jun 30, 2025 | -775.00 Mn |
| Mar 31, 2025 | -678.00 Mn |
| Mar 31, 2025 | -678.00 Mn |
| Dec 31, 2024 | -327.00 Mn |
| Dec 31, 2024 | -327.00 Mn |
| Sep 30, 2024 | 113.00 Mn |
| Sep 30, 2024 | 113.00 Mn |
| Jun 30, 2024 | 216.00 Mn |
| Jun 30, 2024 | 216.00 Mn |
| Mar 31, 2024 | -1.58 Bn |
| Mar 31, 2024 | -1.58 Bn |
| Dec 31, 2023 | -4.22 Bn |
| Dec 31, 2023 | -4.22 Bn |
| Sep 30, 2023 | -963.00 Mn |
| Sep 30, 2023 | -963.00 Mn |
| Jun 30, 2023 | 5.28 Bn |
| Jun 30, 2023 | 5.28 Bn |
| Mar 31, 2023 | -181.00 Mn |
| Mar 31, 2023 | -181.00 Mn |
| Dec 31, 2022 | -2.67 Bn |
| Dec 31, 2022 | -2.67 Bn |
| Sep 30, 2022 | 2.02 Bn |
| Sep 30, 2022 | 2.02 Bn |
| Jun 30, 2022 | 2.86 Bn |
| Jun 30, 2022 | 2.86 Bn |
| Mar 31, 2022 | 583.00 Mn |
| Mar 31, 2022 | 583.00 Mn |
| Dec 31, 2021 | 1.89 Bn |
| Dec 31, 2021 | 1.89 Bn |
| Sep 30, 2021 | 622.00 Mn |
| Sep 30, 2021 | 622.00 Mn |
| Jun 30, 2021 | -525.00 Mn |
| Jun 30, 2021 | -525.00 Mn |
| Mar 31, 2021 | -2.14 Bn |
| Mar 31, 2021 | -2.14 Bn |
| Dec 31, 2020 | 2.79 Bn |
| Dec 31, 2020 | 2.79 Bn |
| Sep 30, 2020 | -130.00 Mn |
| Sep 30, 2020 | -130.00 Mn |
| Jun 30, 2020 | -312.00 Mn |
| Jun 30, 2020 | -312.00 Mn |
| Mar 31, 2020 | 694.00 Mn |
| Mar 31, 2020 | 694.00 Mn |
| Dec 31, 2019 | -1.69 Bn |
| Dec 31, 2019 | -1.69 Bn |
| Sep 30, 2019 | -23.00 Mn |
| Sep 30, 2019 | -23.00 Mn |
| Jun 30, 2019 | -174.00 Mn |
| Jun 30, 2019 | -174.00 Mn |
| Mar 31, 2019 | -39.00 Mn |
| Mar 31, 2019 | -39.00 Mn |
| Dec 31, 2018 | 208.00 Mn |
| Dec 31, 2018 | 208.00 Mn |
| Sep 30, 2018 | 19.00 Mn |
| Sep 30, 2018 | 19.00 Mn |
| Jun 30, 2018 | -60.00 Mn |
| Jun 30, 2018 | -60.00 Mn |
| Mar 31, 2018 | 30.00 Mn |
| Mar 31, 2018 | 30.00 Mn |
| Dec 31, 2017 | -152.00 Mn |
| Dec 31, 2017 | -152.00 Mn |
| Sep 30, 2017 | 172.00 Mn |
| Sep 30, 2017 | 172.00 Mn |
| Jun 30, 2017 | -98.00 Mn |
| Jun 30, 2017 | -98.00 Mn |
| Mar 31, 2017 | 44.00 Mn |
| Mar 31, 2017 | 44.00 Mn |
| Dec 31, 2016 | 149.00 Mn |
| Dec 31, 2016 | 149.00 Mn |
| Sep 30, 2016 | -90.00 Mn |
| Sep 30, 2016 | -90.00 Mn |
| Jun 30, 2016 | 19.00 Mn |
| Jun 30, 2016 | 19.00 Mn |
| Mar 31, 2016 | -11.00 Mn |
| Mar 31, 2016 | -11.00 Mn |
| Dec 31, 2015 | 23.00 Mn |
| Dec 31, 2015 | 23.00 Mn |
| Sep 30, 2015 | -31.00 Mn |
| Sep 30, 2015 | -31.00 Mn |
| Jun 30, 2015 | -9.00 Mn |
| Jun 30, 2015 | -9.00 Mn |
| Mar 31, 2015 | -91.00 Mn |
| Mar 31, 2015 | -91.00 Mn |
| Dec 31, 2014 | 121.00 Mn |
| Dec 31, 2014 | 121.00 Mn |
| Sep 30, 2014 | -20.00 Mn |
| Sep 30, 2014 | -20.00 Mn |
| Jun 30, 2014 | -68.00 Mn |
| Jun 30, 2014 | -68.00 Mn |
| Mar 31, 2014 | -16.00 Mn |
| Mar 31, 2014 | -16.00 Mn |
| Dec 31, 2013 | 96.00 Mn |
| Dec 31, 2013 | 96.00 Mn |
| Sep 30, 2013 | -81.00 Mn |
| Sep 30, 2013 | -81.00 Mn |
| Jun 30, 2013 | -210.00 Mn |
| Jun 30, 2013 | -210.00 Mn |
| Mar 31, 2013 | 100.00 Mn |
| Mar 31, 2013 | 100.00 Mn |
| Dec 31, 2012 | 55.00 Mn |
| Dec 31, 2012 | 55.00 Mn |
| Sep 30, 2012 | -61.00 Mn |
| Sep 30, 2012 | -61.00 Mn |
| Jun 30, 2012 | -25.00 Mn |
| Jun 30, 2012 | -25.00 Mn |
| Mar 31, 2012 | 12.00 Mn |
| Mar 31, 2012 | 12.00 Mn |
| Dec 31, 2011 | -37.00 Mn |
| Dec 31, 2011 | -37.00 Mn |
| Sep 30, 2011 | -23.00 Mn |
| Sep 30, 2011 | -23.00 Mn |
| Jun 30, 2011 | 138.00 Mn |
| Jun 30, 2011 | 138.00 Mn |
| Mar 31, 2011 | 120.00 Mn |
| Mar 31, 2011 | 120.00 Mn |
| Dec 31, 2010 | -21.00 Mn |
| Dec 31, 2010 | -21.00 Mn |
| Sep 30, 2010 | -203.00 Mn |
| Sep 30, 2010 | -203.00 Mn |
| Jun 30, 2010 | 2.00 Mn |
| Jun 30, 2010 | 2.00 Mn |
| Mar 31, 2010 | -51.00 Mn |
| Mar 31, 2010 | -51.00 Mn |
| Dec 31, 2009 | 286.00 Mn |
| Dec 31, 2009 | 286.00 Mn |
| Sep 30, 2009 | -125.00 Mn |
| Sep 30, 2009 | -125.00 Mn |