KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) Net Margin (2016 - 2025)

Nasdaq's Net Margin history spans 17 years, with the latest figure at 24.39% for Q4 2025.

  • For Q4 2025, Net Margin rose 690.0% year-over-year to 24.39%; the TTM value through Dec 2025 reached 21.63%, up 656.0%, while the annual FY2025 figure was 21.63%, 656.0% up from the prior year.
  • Net Margin for Q4 2025 was 24.39% at Nasdaq, up from 21.6% in the prior quarter.
  • Across five years, Net Margin topped out at 24.39% in Q4 2025 and bottomed at 11.9% in Q4 2023.
  • The 5-year median for Net Margin is 18.72% (2022), against an average of 18.5%.
  • The largest annual shift saw Net Margin tumbled -617bps in 2024 before it surged 919bps in 2025.
  • A 5-year view of Net Margin shows it stood at 17.66% in 2021, then fell by -14bps to 15.17% in 2022, then decreased by -22bps to 11.9% in 2023, then soared by 47bps to 17.49% in 2024, then skyrocketed by 39bps to 24.39% in 2025.
  • Per Business Quant, the three most recent readings for NDAQ's Net Margin are 24.39% (Q4 2025), 21.6% (Q3 2025), and 21.58% (Q2 2025).