Nasdaq (NDAQ) Net Margin (2009 - 2026)
Nasdaq (NDAQ) posted quarterly Net Margin of 20.02% for Q2 2026, down 149.0% year-on-year from 40.86% in Q2 2025, and down 17.55% on a QoQ basis from 24.29% in Q1 2026.
Nasdaq (NDAQ) Net Margin (2009 - 2026) Analysis & Trends
Nasdaq (NDAQ) has reported Net Margin for 18 consecutive years, with 20.02% the latest figure, recorded in Q2 2026.
- Quarterly Net Margin fell 149.0% year-over-year to 20.02% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 22.48% (up 394.0% YoY) and the FY2025 annual result came in at 21.63%, up 656.0% from the prior year.
- Net Margin slipped to 20.02% in Q2 2026 per NDAQ's latest filing, from 24.29% in the prior quarter.
- Over the last five years, Net Margin for NDAQ reached as high as 131.54% in Q4 2023 and fell as low as 12.39% in Q2 2024.
- A 5-year average of 25.16% and a median of 19.26% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2023 — Net Margin soared 11637 bps — and 2024, when it sank 11406 bps.
- Year by year, Net Margin stood at 15.17% in 2022, then soared by 767 bps to 131.54% in 2023, then sank by 87 bps to 17.49% in 2024, then surged by 39 bps to 24.39% in 2025, then declined by 18 bps to 20.02% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 20.02%, 24.29%, and 24.39% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bit Origin | 1,110.84 Bn | 1,110.84 Bn | - | - |
| 2 | S&P Global | 130.72 Bn | 128.91 Bn | 2.94 Bn | 36.06% |
| 3 | Cme | 92.16 Bn | 92.16 Bn | 1.65 Bn | 61.06% |
| 4 | Moodys | 84.72 Bn | 83.22 Bn | 1.67 Bn | 40.23% |
| 5 | Intercontinental Exchange | 84.12 Bn | 82.38 Bn | - | 48.10% |
| 6 | Nasdaq | 53.10 Bn | 52.38 Bn | 1.50 Bn | 20.02% |
| 7 | Coinbase Global | 44.25 Bn | 33.81 Bn | 1.33 Bn | -27.89% |
| 8 | Msci | 41.65 Bn | 41.29 Bn | 717.10 Mn | 39.45% |
| 9 | Cboe Global Markets | 30.13 Bn | 27.96 Bn | 728.90 Mn | 30.18% |
| 10 | TransUnion | 14.77 Bn | 14.04 Bn | 726.20 Mn | 32.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.02% |
| Mar 31, 2026 | 24.29% |
| Dec 31, 2025 | 24.39% |
| Sep 30, 2025 | 21.60% |
| Jun 30, 2025 | 21.51% |
| 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% |