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Nasdaq (NDAQ) Operating Expenses (2016 - 2026)

Nasdaq has reported Operating Expenses over the past 18 years, most recently at $750.0 million for Q1 2026.

  • Quarterly Operating Expenses rose 8.7% to $750.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $3.0 billion through Mar 2026, up 5.15% year-over-year, with the annual reading at $2.9 billion for FY2025, 2.35% up from the prior year.
  • Operating Expenses was $750.0 million for Q1 2026 at Nasdaq, down from $763.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $764.0 million in Q4 2023 and troughed at $481.0 million in Q2 2022.
  • The 5-year median for Operating Expenses is $698.0 million (2024), against an average of $638.6 million.
  • Peak annual rise in Operating Expenses hit 40.84% in 2024, while the deepest fall reached 7.07% in 2024.
  • Tracing NDAQ's Operating Expenses over 5 years: stood at $558.0 million in 2022, then surged by 36.92% to $764.0 million in 2023, then dropped by 7.07% to $710.0 million in 2024, then rose by 7.46% to $763.0 million in 2025, then decreased by 1.7% to $750.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $750.0 million, $763.0 million, and $729.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.