Nasdaq (NDAQ) Other Operating Expenses (2009 - 2026)
Nasdaq's Other Operating Expenses came in at $88 million for Q2 2026, up 11.4% from $79 million a year earlier and up 4.8% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Other Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Nasdaq reported Other Operating Expenses of $332 million, up 10.3% year-over-year; for FY2025, it was $316 million, up 12.5% from FY2024.
- Other Operating Expenses has increased in each of the last six years, with a five-year compound annual growth rate of 15.9% (FY2020 to FY2025).
- Going back by year, Other Operating Expenses was $281 million in FY2024 (+20.6%), $233 million in FY2023 (+12.6%), $207 million in FY2022 (+11.3%) and $186 million in FY2021 (+23.2%).
- The Q2 2026 figure represents the highest quarterly Other Operating Expenses in data going back to Q2 2009.
- Year-over-year, Other Operating Expenses has increased for 25 consecutive quarters, with growth averaging 13.4% over the last eight quarters.
- The year-over-year growth in Other Operating Expenses has ranged between 6.4% (Q3 2022) and 24.1% (Q1 2024) over the last five years.
- Business Quant data shows NDAQ's Other Operating Expenses at $84 million (Q1 2026), $80 million (Q4 2025) and $80 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.27 Bn | 98.37 Bn | - |
| 2 | Intercontinental Exchange | 92.05 Bn | 85.78 Bn | - |
| 3 | Robinhood Markets | 87.47 Bn | 68.51 Bn | - |
| 4 | Nasdaq | 57.92 Bn | 55.35 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 37.01 Bn | 14.13 Bn | - |
| 6 | Cboe Global Markets | 34.47 Bn | 26.13 Bn | 731.60 Mn |
| 7 | Tradeweb Markets | 25.97 Bn | 17.98 Bn | - |
| 8 | LPL Financial Holdings | 25.69 Bn | 21.01 Bn | - |
| 9 | Circle Internet | 21.58 Bn | 15.46 Bn | 288.85 Mn |
| 10 | Xp | 15.21 Bn | -6.62 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 716.00 Mn |
| Mar 31, 2026 | 677.00 Mn |
| Dec 31, 2025 | 698.00 Mn |
| Sep 30, 2025 | 663.00 Mn |
| Jun 30, 2025 | 665.00 Mn |
| Mar 31, 2025 | 632.00 Mn |
| Dec 31, 2024 | 645.00 Mn |
| Sep 30, 2024 | 622.00 Mn |
| Jun 30, 2024 | 623.00 Mn |
| Mar 31, 2024 | 625.00 Mn |
| Dec 31, 2023 | 586.00 Mn |
| Sep 30, 2023 | 438.00 Mn |
| Jun 30, 2023 | 444.00 Mn |
| Mar 31, 2023 | 431.00 Mn |
| Dec 31, 2022 | 460.00 Mn |
| Sep 30, 2022 | 415.00 Mn |
| Jun 30, 2022 | 410.00 Mn |
| Mar 31, 2022 | 424.00 Mn |
| Dec 31, 2021 | 478.00 Mn |
| Sep 30, 2021 | 400.00 Mn |
API Access
Nasdaq Other Operating Expenses 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=other-operating-expenses&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "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=other-operating-expenses&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();