Nasdaq (NDAQ) Net Margin (2009 - 2026)
Nasdaq's (NDAQ) quarterly Net Margin came in at 20.02% in Q2 2026, down 149.0% year-over-year from 40.86% in Q2 2025, and down 17.55% quarter-over-quarter from 24.29% in Q1 2026.
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Analysis
Nasdaq (NDAQ) Net Margin (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Net Margin across 18 years of filings, most recently posting 20.02% for Q2 2026.
- In Q2 2026, Net Margin fell 149.0% year-over-year to 20.02%; the TTM figure through Jun 2026 stood at 22.48% (up 394.0% YoY), while the FY2025 annual figure was 21.63%, up 656.0% from the prior year.
- Net Margin came in at 20.02% for Q2 2026 at Nasdaq, down from 24.29% 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.
- Average Net Margin over 5 years is 25.16%, with a median of 19.26% recorded in 2023.
- Year-over-year, Net Margin soared 11637 bps in 2023 and plunged 11406 bps in 2024.
- Over 5 years, Net Margin stood at 15.17% in 2022, then jumped by 767 bps to 131.54% in 2023, then slumped by 87 bps to 17.49% in 2024, then soared by 39 bps to 24.39% in 2025, then fell by 18 bps to 20.02% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 20.02% in Q2 2026, 24.29% in Q1 2026, and 24.39% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 101.06 Bn | 101.06 Bn | 1.65 Bn | 61.06% |
| 2 | Intercontinental Exchange | 90.48 Bn | 88.60 Bn | - | 27.00% |
| 3 | Nasdaq | 54.45 Bn | 53.73 Bn | 1.50 Bn | 20.02% |
| 4 | Cboe Global Markets | 31.27 Bn | 28.88 Bn | 731.60 Mn | 24.38% |
| 5 | Tradeweb Markets | 24.86 Bn | 23.51 Bn | - | 36.98% |
| 6 | Marketaxess Holdings | 5.75 Bn | 5.47 Bn | - | 31.28% |
| 7 | Miami International Holdings | 4.18 Bn | 3.51 Bn | 141.11 Mn | 11.40% |
Historic Data
Download Data
Historic 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% |