KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) Non-Current Debt (2009 - 2026)

Nasdaq recorded quarterly Non-Current Debt of $8.5 billion in Q1 2026, down 0.55% quarter-over-quarter from $8.6 billion in Q4 2025, and down 4.48% year-over-year from $8.9 billion in Q1 2025.

Nasdaq's Non-Current Debt history runs 18 years deep, the most recent figure standing at $8.5 billion for Q1 2026.

  • In Q1 2026, Non-Current Debt fell 4.48% year-over-year to $8.5 billion; the TTM figure through Mar 2026 stood at $8.5 billion (down 4.48% YoY), while the FY2025 annual figure was $8.6 billion, down 5.59% from the prior year.
  • Non-Current Debt came in at $8.5 billion for Q1 2026 at Nasdaq, down from $8.6 billion in the prior quarter.
  • In the past five years, Non-Current Debt ranged from a high of $10.2 billion in Q4 2023 to a low of $4.6 billion in Q3 2022.
  • A 5-year average of $7.9 billion and a median of $8.7 billion in 2025 frame the typical range for Non-Current Debt.
  • Across the five-year window, Non-Current Debt fell 16.05% in 2022 and surged 114.64% in 2023, its largest moves.
  • Nasdaq's Non-Current Debt stood at $4.7 billion in 2022, then soared by 114.64% to $10.2 billion in 2023, then declined by 10.65% to $9.1 billion in 2024, then declined by 5.59% to $8.6 billion in 2025, then slipped by 0.55% to $8.5 billion in 2026.
  • According to Business Quant data, Non-Current Debt over the past three periods registered $8.5 billion, $8.6 billion, and $8.7 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non-Current Debt (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn 10.62 Bn
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn 3.42 Bn
3 Intercontinental Exchange 83.83 Bn 82.37 Bn - 18.62 Bn
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn 6.39 Bn
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn 8.53 Bn
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn 5.94 Bn
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn 6.40 Bn
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn 793.90 Mn
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn 5.40 Bn
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn 1.37 Bn

Historic Data

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DateValue
Mar 31, 2026 8.53 Bn
Mar 31, 2026 8.53 Bn
Dec 31, 2025 8.57 Bn
Dec 31, 2025 8.57 Bn
Sep 30, 2025 8.67 Bn
Sep 30, 2025 8.67 Bn
Jun 30, 2025 8.68 Bn
Jun 30, 2025 8.68 Bn
Mar 31, 2025 8.93 Bn
Mar 31, 2025 8.93 Bn
Dec 31, 2024 9.08 Bn
Dec 31, 2024 9.08 Bn
Sep 30, 2024 9.36 Bn
Sep 30, 2024 9.36 Bn
Jun 30, 2024 9.25 Bn
Jun 30, 2024 9.25 Bn
Mar 31, 2024 9.77 Bn
Mar 31, 2024 9.77 Bn
Dec 31, 2023 10.16 Bn
Dec 31, 2023 10.16 Bn
Sep 30, 2023 9.70 Bn
Sep 30, 2023 9.70 Bn
Jun 30, 2023 9.79 Bn
Jun 30, 2023 9.79 Bn
Mar 31, 2023 4.76 Bn
Mar 31, 2023 4.76 Bn
Dec 31, 2022 4.74 Bn
Dec 31, 2022 4.74 Bn
Sep 30, 2022 4.57 Bn
Sep 30, 2022 4.57 Bn
Jun 30, 2022 4.70 Bn
Jun 30, 2022 4.70 Bn
Mar 31, 2022 4.80 Bn
Mar 31, 2022 4.80 Bn
Dec 31, 2021 4.81 Bn
Dec 31, 2021 4.81 Bn
Sep 30, 2021 5.45 Bn
Sep 30, 2021 5.45 Bn
Jun 30, 2021 5.48 Bn
Jun 30, 2021 5.48 Bn
Mar 31, 2021 5.46 Bn
Mar 31, 2021 5.46 Bn
Dec 31, 2020 5.54 Bn
Dec 31, 2020 5.54 Bn
Sep 30, 2020 3.57 Bn
Sep 30, 2020 3.57 Bn
Jun 30, 2020 3.48 Bn
Jun 30, 2020 3.48 Bn
Mar 31, 2020 2.96 Bn
Mar 31, 2020 2.96 Bn
Dec 31, 2019 3.00 Bn
Dec 31, 2019 3.00 Bn
Sep 30, 2019 2.94 Bn
Sep 30, 2019 2.94 Bn
Jun 30, 2019 3.02 Bn
Jun 30, 2019 3.02 Bn
Mar 31, 2019 2.33 Bn
Mar 31, 2019 2.33 Bn
Dec 31, 2018 2.96 Bn
Dec 31, 2018 2.96 Bn
Sep 30, 2018 3.07 Bn
Sep 30, 2018 3.07 Bn
Jun 30, 2018 3.08 Bn
Jun 30, 2018 3.08 Bn
Mar 31, 2018 3.16 Bn
Mar 31, 2018 3.16 Bn
Dec 31, 2017 3.73 Bn
Dec 31, 2017 3.73 Bn
Mar 31, 2017 3.24 Bn
Mar 31, 2017 3.24 Bn
Dec 31, 2016 3.60 Bn
Dec 31, 2016 3.60 Bn
Sep 30, 2016 3.69 Bn
Sep 30, 2016 3.69 Bn
Jun 30, 2016 3.73 Bn
Jun 30, 2016 3.73 Bn
Mar 31, 2016 2.57 Bn
Mar 31, 2016 2.57 Bn
Dec 31, 2015 2.36 Bn
Dec 31, 2015 2.36 Bn
Sep 30, 2015 2.42 Bn
Sep 30, 2015 2.42 Bn
Jun 30, 2015 2.28 Bn
Jun 30, 2015 2.28 Bn
Mar 31, 2015 2.31 Bn
Mar 31, 2015 2.31 Bn
Dec 31, 2014 2.30 Bn
Dec 31, 2014 2.30 Bn
Sep 30, 2014 2.35 Bn
Sep 30, 2014 2.35 Bn
Jun 30, 2014 2.41 Bn
Jun 30, 2014 2.41 Bn
Mar 31, 2014 2.08 Bn
Mar 31, 2014 2.08 Bn
Dec 31, 2013 2.59 Bn
Dec 31, 2013 2.59 Bn
Sep 30, 2013 2.67 Bn
Sep 30, 2013 2.67 Bn
Jun 30, 2013 2.65 Bn
Jun 30, 2013 2.65 Bn
Mar 31, 2013 1.83 Bn
Mar 31, 2013 1.83 Bn
Dec 31, 2012 1.84 Bn
Dec 31, 2012 1.84 Bn
Sep 30, 2012 1.94 Bn
Sep 30, 2012 1.94 Bn
Jun 30, 2012 1.95 Bn
Jun 30, 2012 1.95 Bn
Mar 31, 2012 1.96 Bn
Mar 31, 2012 1.96 Bn
Dec 31, 2011 2.07 Bn
Dec 31, 2011 2.07 Bn
Sep 30, 2011 2.17 Bn
Sep 30, 2011 2.17 Bn
Jun 30, 2011 2.07 Bn
Jun 30, 2011 2.07 Bn
Mar 31, 2011 2.15 Bn
Mar 31, 2011 2.15 Bn
Dec 31, 2010 2.18 Bn
Dec 31, 2010 2.18 Bn
Sep 30, 2010 1.85 Bn
Sep 30, 2010 1.85 Bn
Jun 30, 2010 1.91 Bn
Jun 30, 2010 1.91 Bn
Dec 31, 2009 1.87 Bn
Dec 31, 2009 1.87 Bn