Nasdaq (NDAQ) Operating Leases (2019 - 2026)
Nasdaq's Operating Leases came in at $476 million for Q3 2026, up 4.8% from $454 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 six consecutive quarters, with growth averaging 8.4% 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 $482 million (Q2 2026), $488 million (Q1 2026) and $462 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 108.60 Bn | 96.94 Bn | - |
| 2 | Bank of New York Mellon | 103.36 Bn | 36.98 Bn | - |
| 3 | Intercontinental Exchange | 97.74 Bn | 90.63 Bn | - |
| 4 | Robinhood Markets | 76.13 Bn | 55.67 Bn | - |
| 5 | Nasdaq | 60.59 Bn | 58.02 Bn | 1.48 Bn |
| 6 | State Street | 47.13 Bn | 47.13 Bn | - |
| 7 | Cboe Global Markets | 36.84 Bn | 27.32 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 35.29 Bn | 11.60 Bn | - |
| 9 | Northern Trust | 32.36 Bn | 32.36 Bn | - |
| 10 | Tradeweb Markets | 26.83 Bn | 18.63 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 476.00 Mn |
| 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 |
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();