Nasdaq (NDAQ) Operating Leases (2019 - 2026)
Nasdaq's Operating Leases came in at $482 million for Q2 2026, up 6.4% from $453 million a year earlier but down 1.2% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Nasdaq's Operating Leases was $462 million, up 19.1% from FY2024.
- Operating Leases carries a five-year compound annual growth rate of 3.5% (FY2020 to FY2025).
- Going back by year, Operating Leases was $388 million in FY2024 (-7.0%), $417 million in FY2023 (-7.7%), $452 million in FY2022 (+17.1%) and $386 million in FY2021 (-0.8%).
- The five-year range for quarterly Operating Leases is $386 million (Q4 2021) to $488 million (Q1 2026).
- Year-over-year, Operating Leases has increased for five consecutive quarters, with growth averaging 7.4% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in Q1 2026 (growth of 24.2%), and the weakest in Q3 2023 (a decline of 9.6%).
- Business Quant data shows NDAQ's Operating Leases at $488 million (Q1 2026), $462 million (Q4 2025) and $454 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 107.32 Bn | 95.41 Bn | - |
| 2 | Intercontinental Exchange | 89.20 Bn | 82.94 Bn | - |
| 3 | Robinhood Markets | 88.13 Bn | 69.16 Bn | - |
| 4 | Nasdaq | 53.36 Bn | 50.79 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 36.88 Bn | 13.99 Bn | - |
| 6 | Cboe Global Markets | 32.80 Bn | 24.45 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.62 Bn | 20.93 Bn | - |
| 8 | Tradeweb Markets | 25.10 Bn | 17.11 Bn | - |
| 9 | Circle Internet | 20.93 Bn | 14.81 Bn | 288.85 Mn |
| 10 | Xp | 16.45 Bn | -5.38 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 482.00 Mn |
| Mar 31, 2026 | 488.00 Mn |
| Dec 31, 2025 | 462.00 Mn |
| Sep 30, 2025 | 454.00 Mn |
| Jun 30, 2025 | 453.00 Mn |
| Mar 31, 2025 | 393.00 Mn |
| Dec 31, 2024 | 388.00 Mn |
| Sep 30, 2024 | 399.00 Mn |
| Jun 30, 2024 | 409.00 Mn |
| Mar 31, 2024 | 413.00 Mn |
| Dec 31, 2023 | 417.00 Mn |
| Sep 30, 2023 | 412.00 Mn |
| Jun 30, 2023 | 427.00 Mn |
| Mar 31, 2023 | 442.00 Mn |
| Dec 31, 2022 | 452.00 Mn |
| Sep 30, 2022 | 456.00 Mn |
| Jun 30, 2022 | 470.00 Mn |
| Mar 31, 2022 | 478.00 Mn |
| Dec 31, 2021 | 386.00 Mn |
| Sep 30, 2021 | 398.00 Mn |
API Access
Nasdaq Operating Leases 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-leases&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();