Nasdaq (NDAQ) Other Working Capital Changes (2009 - 2026)
Nasdaq recorded quarterly Other Working Capital Changes of $311.0 million in Q1 2026, up 193.4% quarter-over-quarter from $106.0 million in Q4 2025, and up 21.01% year-over-year from $257.0 million in Q1 2025.
Nasdaq's Other Working Capital Changes history runs 18 years deep, the most recent figure standing at $311.0 million for Q1 2026.
- In Q1 2026, Other Working Capital Changes rose 21.01% year-over-year to $311.0 million; the TTM figure through Mar 2026 stood at $150.0 million (up 200.0% YoY), while the FY2025 annual figure was $96.0 million, up 43.28% from the prior year.
- Other Working Capital Changes came in at $311.0 million for Q1 2026 at Nasdaq, up from $106.0 million in the prior quarter.
- In the past five years, Other Working Capital Changes ranged from a high of $311.0 million in Q1 2026 to a low of -$317.0 million in Q2 2022.
- A 5-year average of $27.3 million and a median of -$16.0 million in 2022 frame the typical range for Other Working Capital Changes.
- Across the five-year window, Other Working Capital Changes slumped 4428.57% in 2022 and soared 298.25% in 2023, its largest moves.
- Nasdaq's Other Working Capital Changes stood at -$57.0 million in 2022, then jumped by 298.25% to $113.0 million in 2023, then tumbled by 47.79% to $59.0 million in 2024, then soared by 79.66% to $106.0 million in 2025, then surged by 193.4% to $311.0 million in 2026.
- According to Business Quant data, Other Working Capital Changes over the past three periods registered $311.0 million, $106.0 million, and -$128.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 311.00 Mn |
| Mar 31, 2026 | 311.00 Mn |
| Dec 31, 2025 | 106.00 Mn |
| Dec 31, 2025 | 106.00 Mn |
| Sep 30, 2025 | -128.00 Mn |
| Sep 30, 2025 | -128.00 Mn |
| Jun 30, 2025 | -139.00 Mn |
| Jun 30, 2025 | -139.00 Mn |
| Mar 31, 2025 | 257.00 Mn |
| Mar 31, 2025 | 257.00 Mn |
| Dec 31, 2024 | 59.00 Mn |
| Dec 31, 2024 | 59.00 Mn |
| Sep 30, 2024 | -136.00 Mn |
| Sep 30, 2024 | -136.00 Mn |
| Jun 30, 2024 | -130.00 Mn |
| Jun 30, 2024 | -130.00 Mn |
| Mar 31, 2024 | 274.00 Mn |
| Mar 31, 2024 | 274.00 Mn |
| Dec 31, 2023 | 113.00 Mn |
| Dec 31, 2023 | 113.00 Mn |
| Sep 30, 2023 | -214.00 Mn |
| Sep 30, 2023 | -214.00 Mn |
| Jun 30, 2023 | -111.00 Mn |
| Jun 30, 2023 | -111.00 Mn |
| Mar 31, 2023 | 300.00 Mn |
| Mar 31, 2023 | 300.00 Mn |
| Dec 31, 2022 | -57.00 Mn |
| Dec 31, 2022 | -57.00 Mn |
| Sep 30, 2022 | -16.00 Mn |
| Sep 30, 2022 | -16.00 Mn |
| Jun 30, 2022 | -317.00 Mn |
| Jun 30, 2022 | -317.00 Mn |
| Mar 31, 2022 | 292.00 Mn |
| Mar 31, 2022 | 292.00 Mn |
| Dec 31, 2021 | 2.00 Mn |
| Dec 31, 2021 | 2.00 Mn |
| Sep 30, 2021 | 51.00 Mn |
| Sep 30, 2021 | 51.00 Mn |
| Jun 30, 2021 | -7.00 Mn |
| Jun 30, 2021 | -7.00 Mn |
| Mar 31, 2021 | 94.00 Mn |
| Mar 31, 2021 | 94.00 Mn |
| Dec 31, 2020 | 17.00 Mn |
| Dec 31, 2020 | 17.00 Mn |
| Sep 30, 2020 | -33.00 Mn |
| Sep 30, 2020 | -33.00 Mn |
| Jun 30, 2020 | -214.00 Mn |
| Jun 30, 2020 | -214.00 Mn |
| Mar 31, 2020 | 204.00 Mn |
| Mar 31, 2020 | 204.00 Mn |
| Dec 31, 2019 | 121.00 Mn |
| Dec 31, 2019 | 121.00 Mn |
| Sep 30, 2019 | -60.00 Mn |
| Sep 30, 2019 | -60.00 Mn |
| Jun 30, 2019 | -176.00 Mn |
| Jun 30, 2019 | -176.00 Mn |
| Mar 31, 2019 | 288.00 Mn |
| Mar 31, 2019 | 288.00 Mn |
| Dec 31, 2018 | -67.00 Mn |
| Dec 31, 2018 | -67.00 Mn |
| Sep 30, 2018 | -57.00 Mn |
| Sep 30, 2018 | -57.00 Mn |
| Jun 30, 2018 | -77.00 Mn |
| Jun 30, 2018 | -77.00 Mn |
| Mar 31, 2018 | 208.00 Mn |
| Mar 31, 2018 | 208.00 Mn |
| Dec 31, 2017 | 406.00 Mn |
| Dec 31, 2017 | 406.00 Mn |
| Sep 30, 2017 | -460.00 Mn |
| Sep 30, 2017 | -460.00 Mn |
| Jun 30, 2017 | 77.00 Mn |
| Jun 30, 2017 | 77.00 Mn |
| Mar 31, 2017 | 7.00 Mn |
| Mar 31, 2017 | 7.00 Mn |
| Dec 31, 2016 | 50.00 Mn |
| Dec 31, 2016 | 50.00 Mn |
| Sep 30, 2016 | -109.00 Mn |
| Sep 30, 2016 | -109.00 Mn |
| Jun 30, 2016 | -36.00 Mn |
| Jun 30, 2016 | -36.00 Mn |
| Mar 31, 2016 | 147.00 Mn |
| Mar 31, 2016 | 147.00 Mn |
| Dec 31, 2015 | 44.00 Mn |
| Dec 31, 2015 | 44.00 Mn |
| Sep 30, 2015 | 10.00 Mn |
| Sep 30, 2015 | 10.00 Mn |
| Jun 30, 2015 | -134.00 Mn |
| Jun 30, 2015 | -134.00 Mn |
| Mar 31, 2015 | 121.00 Mn |
| Mar 31, 2015 | 121.00 Mn |
| Dec 31, 2014 | 44.00 Mn |
| Dec 31, 2014 | 44.00 Mn |
| Sep 30, 2014 | 10.00 Mn |
| Sep 30, 2014 | 10.00 Mn |
| Jun 30, 2014 | -118.00 Mn |
| Jun 30, 2014 | -118.00 Mn |
| Mar 31, 2014 | 128.00 Mn |
| Mar 31, 2014 | 128.00 Mn |
| Dec 31, 2013 | -5.00 Mn |
| Dec 31, 2013 | -5.00 Mn |
| Sep 30, 2013 | -50.00 Mn |
| Sep 30, 2013 | -50.00 Mn |
| Jun 30, 2013 | -58.00 Mn |
| Jun 30, 2013 | -58.00 Mn |
| Mar 31, 2013 | 105.00 Mn |
| Mar 31, 2013 | 105.00 Mn |
| Dec 31, 2012 | -9.00 Mn |
| Dec 31, 2012 | -9.00 Mn |
| Sep 30, 2012 | -142.00 Mn |
| Sep 30, 2012 | -142.00 Mn |
| Jun 30, 2012 | -47.00 Mn |
| Jun 30, 2012 | -47.00 Mn |
| Mar 31, 2012 | 127.00 Mn |
| Mar 31, 2012 | 127.00 Mn |
| Dec 31, 2011 | -34.00 Mn |
| Dec 31, 2011 | -34.00 Mn |
| Sep 30, 2011 | 85.00 Mn |
| Sep 30, 2011 | 85.00 Mn |
| Jun 30, 2011 | -173.00 Mn |
| Jun 30, 2011 | -173.00 Mn |
| Mar 31, 2011 | 108.00 Mn |
| Mar 31, 2011 | 108.00 Mn |
| Dec 31, 2010 | -88.00 Mn |
| Dec 31, 2010 | -88.00 Mn |
| Sep 30, 2010 | 13.00 Mn |
| Sep 30, 2010 | 13.00 Mn |
| Jun 30, 2010 | 3.00 Mn |
| Jun 30, 2010 | 3.00 Mn |
| Mar 31, 2010 | 86.00 Mn |
| Mar 31, 2010 | 86.00 Mn |
| Dec 31, 2009 | -4.00 Mn |
| Dec 31, 2009 | -4.00 Mn |
| Sep 30, 2009 | -72.00 Mn |
| Sep 30, 2009 | -72.00 Mn |