Nasdaq (NDAQ) Operating Income (2009 - 2026)
Nasdaq's (NDAQ) quarterly Operating Income came in at $657.0 million in Q1 2026, up 20.11% year-on-year from $547.0 million in Q1 2025, and up 4.45% quarter-over-quarter from $629.0 million in Q4 2025.
Nasdaq (NDAQ) Operating Income (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Operating Income across 18 years of filings, most recently posting $657.0 million for Q1 2026.
- Operating Income for Q1 2026 came in at $657.0 million, up 20.11% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.4 billion (up 26.1% YoY), and the FY2025 annual result was $2.3 billion, up 29.64% from the prior year.
- Operating Income came in at $657.0 million for Q1 2026 at Nasdaq, up from $629.0 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $657.0 million in Q1 2026 to a low of $55.0 million in Q4 2023.
- The 5-year median for Operating Income is $423.0 million (2024), against an average of $448.8 million.
- Across the five-year window, Operating Income sank 84.24% in 2023 and soared 840.0% in 2024, its largest moves.
- Nasdaq's Operating Income stood at $349.0 million in 2022, then tumbled by 84.24% to $55.0 million in 2023, then jumped by 840.0% to $517.0 million in 2024, then gained by 21.66% to $629.0 million in 2025, then increased by 4.45% to $657.0 million in 2026.
- The last three Operating Income figures came in at $657.0 million (Q1 2026), $629.0 million (Q4 2025), and $586.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 2.00 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 1.31 Bn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 922.00 Mn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 1.67 Bn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 657.00 Mn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | -21.42 Mn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 456.90 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 505.60 Mn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 244.80 Mn |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | 184.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 657.00 Mn |
| Dec 31, 2025 | 629.00 Mn |
| Sep 30, 2025 | 586.00 Mn |
| Jun 30, 2025 | 568.00 Mn |
| Mar 31, 2025 | 547.00 Mn |
| Dec 31, 2024 | 517.00 Mn |
| Sep 30, 2024 | 448.00 Mn |
| Jun 30, 2024 | 423.00 Mn |
| Mar 31, 2024 | 410.00 Mn |
| Dec 31, 2023 | 55.00 Mn |
| Sep 30, 2023 | 431.00 Mn |
| Jun 30, 2023 | 382.00 Mn |
| Mar 31, 2023 | 412.00 Mn |
| Dec 31, 2022 | 349.00 Mn |
| Sep 30, 2022 | 398.00 Mn |
| Jun 30, 2022 | 412.00 Mn |
| Mar 31, 2022 | 405.00 Mn |
| Dec 31, 2021 | 344.00 Mn |
| Sep 30, 2021 | 356.00 Mn |
| Jun 30, 2021 | 376.00 Mn |