Nasdaq (NDAQ) Net Margin (2009 - 2026)

Nasdaq (NDAQ) posted Net Margin of 20.02% for Q2 2026, down 17.55% sequentially from 24.29% in Q1 2026, and down 149.0% YoY from 40.86% in Q2 2025.

Nasdaq (NDAQ) Net Margin (2009 - 2026) Analysis & Trends

Nasdaq has reported Net Margin for 18 years, with the latest figure at 20.02% 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 declined to 20.02% in Q2 2026 per NDAQ's latest filing, from 24.29% in the prior quarter.
Over five years, Net Margin peaked at 131.54% in Q4 2023 and troughed at 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.
The sharpest annual moves came in 2023 and 2024: Net Margin jumped 11637 bps in 2023, then sank 11406 bps in 2024.
Over 5 years, Net Margin stood at 15.17% in 2022, then soared by 767 bps to 131.54% in 2023, then plunged by 87 bps to 17.49% in 2024, then surged by 39 bps to 24.39% in 2025, then decreased 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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	S&P Global	127.61 Bn	123.47 Bn	2.98 Bn	31.91%
2	Cme	97.52 Bn	97.52 Bn	1.65 Bn	61.06%
3	Intercontinental Exchange	89.57 Bn	87.62 Bn	-	27.00%
4	Moodys	86.76 Bn	85.26 Bn	1.67 Bn	40.23%
5	Nasdaq	54.95 Bn	54.24 Bn	1.50 Bn	20.02%
6	Coinbase Global	45.29 Bn	36.50 Bn	1.16 Bn	-29.46%
7	Msci	41.31 Bn	40.96 Bn	717.10 Mn	39.45%
8	Cboe Global Markets	30.95 Bn	28.56 Bn	731.60 Mn	24.38%
9	TransUnion	16.34 Bn	15.50 Bn	765.00 Mn	11.20%
10	Factset Research Systems	10.81 Bn	10.51 Bn	310.73 Mn	20.34%

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