KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) Operating Margin (2016 - 2026)

Nasdaq has reported Operating Margin over the past 18 years, most recently at 30.74% for Q1 2026.

  • Quarterly Operating Margin rose 465.0% to 30.74% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 29.37% through Mar 2026, up 462.0% year-over-year, with the annual reading at 28.21% for FY2025, 392.0% up from the prior year.
  • Operating Margin was 30.74% for Q1 2026 at Nasdaq, up from 29.61% in the prior quarter.
  • Over five years, Operating Margin peaked at 36.91% in Q4 2023 and troughed at 22.06% in Q4 2022.
  • The 5-year median for Operating Margin is 26.55% (2022), against an average of 27.14%.
  • Biggest five-year swings in Operating Margin: surged 1485bps in 2023 and later plummeted -1144bps in 2024.
  • Tracing NDAQ's Operating Margin over 5 years: stood at 22.06% in 2022, then surged by 67bps to 36.91% in 2023, then tumbled by -31bps to 25.47% in 2024, then rose by 16bps to 29.61% in 2025, then increased by 4bps to 30.74% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods came in at 30.74%, 29.61%, and 29.93% for Q1 2026, Q4 2025, and Q3 2025 respectively.