Nasdaq (NDAQ) Net Margin (2009 - 2026)
Nasdaq recorded quarterly Net Margin of 24.29% in Q1 2026, little changed quarter-over-quarter from 24.39% in Q4 2025, and up 544.0% year-over-year from 3.77% in Q1 2025.
Nasdaq's Net Margin history runs 18 years deep, the most recent figure standing at 24.29% for Q1 2026.
- In Q1 2026, Net Margin rose 544.0% year-over-year to 24.29%; the TTM figure through Mar 2026 stood at 23.01% (up 668.0% YoY), while the FY2025 annual figure was 21.63%, up 656.0% from the prior year.
- Net Margin came in at 24.29% for Q1 2026 at Nasdaq, roughly flat from 24.39% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 131.54% in Q4 2023 to a low of 12.39% in Q2 2024.
- A 5-year average of 25.47% and a median of 18.88% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin soared 11637 bps in 2023 and plunged 11406 bps in 2024, its largest moves.
- Nasdaq's Net Margin stood at 15.17% in 2022, then surged by 767 bps to 131.54% in 2023, then tumbled by 87 bps to 17.49% in 2024, then jumped by 39 bps to 24.39% in 2025, then dropped by 0 bps to 24.29% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 24.29%, 24.39%, and 21.6% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 36.06% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 62.12% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 48.10% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 31.79% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 24.29% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -27.89% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 47.72% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 30.18% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 32.15% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 21.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.29% |
| Dec 31, 2025 | 24.39% |
| Sep 30, 2025 | 21.60% |
| Jun 30, 2025 | 21.63% |
| Mar 31, 2025 | 18.85% |
| Dec 31, 2024 | 17.49% |
| Sep 30, 2024 | 16.04% |
| Jun 30, 2024 | 12.39% |
| Mar 31, 2024 | 13.92% |
| Dec 31, 2023 | 131.54% |
| Sep 30, 2023 | 20.26% |
| Jun 30, 2023 | 18.63% |
| Mar 31, 2023 | 19.63% |
| Dec 31, 2022 | 15.17% |
| Sep 30, 2022 | 18.88% |
| Jun 30, 2022 | 19.78% |
| Mar 31, 2022 | 18.44% |
| Dec 31, 2021 | 17.66% |
| Sep 30, 2021 | 21.22% |
| Jun 30, 2021 | 24.15% |
| Mar 31, 2021 | 18.05% |
| Dec 31, 2020 | 15.39% |
| Sep 30, 2020 | 18.68% |
| Jun 30, 2020 | 17.24% |
| Mar 31, 2020 | 15.00% |
| Dec 31, 2019 | 19.13% |
| Sep 30, 2019 | 13.69% |
| Jun 30, 2019 | 16.40% |
| Mar 31, 2019 | 23.77% |
| Dec 31, 2018 | -4,400.00% |
| Sep 30, 2018 | 16.91% |
| Jun 30, 2018 | 15.77% |
| Mar 31, 2018 | 15.38% |
| Dec 31, 2017 | 24.14% |
| Sep 30, 2017 | 17.62% |
| Jun 30, 2017 | 14.69% |
| Mar 31, 2017 | 17.34% |
| Dec 31, 2016 | -135.93% |
| Sep 30, 2016 | 14.10% |
| Jun 30, 2016 | 7.80% |
| Mar 31, 2016 | 14.59% |
| Dec 31, 2015 | 103.50% |
| Sep 30, 2015 | 233.90% |
| Jun 30, 2015 | 92.96% |
| Mar 31, 2015 | 6.47% |
| Dec 31, 2014 | 9.35% |
| Sep 30, 2014 | 15.04% |
| Jun 30, 2014 | 11.68% |
| Mar 31, 2014 | 11.47% |
| Dec 31, 2013 | 16.61% |
| Sep 30, 2013 | 14.04% |
| Jun 30, 2013 | 10.81% |
| Mar 31, 2013 | 5.65% |
| Dec 31, 2012 | -35.76% |
| Sep 30, 2012 | 11.93% |
| Jun 30, 2012 | 11.41% |
| Mar 31, 2012 | 10.45% |
| Dec 31, 2011 | 9.61% |
| Sep 30, 2011 | 11.65% |
| Jun 30, 2011 | 10.99% |
| Mar 31, 2011 | 12.64% |
| Dec 31, 2010 | -24.45% |
| Sep 30, 2010 | 13.21% |
| Jun 30, 2010 | 10.72% |
| Mar 31, 2010 | 7.78% |
| Dec 31, 2009 | -2.94% |
| Sep 30, 2009 | 7.28% |
| Jun 30, 2009 | 7.65% |