Nasdaq (NDAQ) Operating Income (2009 - 2026)
Nasdaq (NDAQ) posted Operating Income of $732 million for Q3 2026, up 24.9% from $586 million a year earlier and up 2.8% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Operating Income (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Income at Nasdaq was $2.73 billion, up 23.1% year-over-year; for FY2025, it was $2.33 billion, up 29.6% from FY2024.
- Annual Operating Income has increased for six consecutive years, with a five-year compound annual growth rate of 13.6% (FY2020 to FY2025).
- In prior years, Nasdaq's Operating Income was $1.8 billion in FY2024 (+13.9%), $1.58 billion in FY2023 (+0.9%), $1.56 billion in FY2022 (+8.5%) and $1.44 billion in FY2021 (+16.8%).
- The Q3 2026 figure stands as the highest quarterly Operating Income in data going back to Q2 2009.
- On a year-over-year basis, Operating Income has increased in each of the last ten quarters, with growth averaging 29.6% over the last eight quarters.
- The strongest year-over-year quarter for Operating Income in the past five years was Q4 2024, with growth of 46.5%; the weakest was Q2 2023, with a decline of 7.3%.
- According to Business Quant data, Operating Income for the three prior quarters was $712 million (Q2 2026), $657 million (Q1 2026) and $629 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 1.14 Bn |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - | - |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn | 1.41 Bn |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - | - |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn | 732.00 Mn |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - | - |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn | 534.30 Mn |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - | - |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - | - |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - | 253.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 732.00 Mn |
| Jun 30, 2026 | 712.00 Mn |
| 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 | 353.00 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 |
API Access
Nasdaq Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "NDAQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();