Nasdaq (NDAQ) Price to Earnings (2009 - 2026)
Nasdaq's (NDAQ) Price to Earnings stood at 24.66 in Q3 2026, down 20.9% from 31.19 a year earlier but up 9.5% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Price to Earnings (2009 - 2026) Analysis & Trends
For FY2025, Nasdaq's Price to Earnings came in at 30.96, down 22.2% from FY2024.
- Across earlier years, Price to Earnings came in at 39.80 in FY2024 (+26.0%), 31.58 in FY2023 (+17.8%), 26.81 in FY2022 (-9.1%) and 29.49 in FY2021 (+25.7%).
- Quarterly Price to Earnings has ranged from 21.62 in Q3 2023 to 43.78 in Q3 2024 over the past five years.
- On a year-over-year basis, Price to Earnings has declined for seven consecutive quarters, with an average decline of 15.0% over the last eight quarters.
- Peak year-over-year performance for Price to Earnings in the last five years was growth of 102.4% in Q3 2024, against a decline of 33.8% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 22.52 (Q2 2026), 25.09 (Q1 2026) and 30.96 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - |
| 10 | Tradeweb Markets | 30.81 Bn | 23.33 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.66 |
| Jun 30, 2026 | 22.52 |
| Mar 31, 2026 | 25.09 |
| Dec 31, 2025 | 30.96 |
| Sep 30, 2025 | 31.19 |
| Jun 30, 2025 | 34.04 |
| Mar 31, 2025 | 34.07 |
| Dec 31, 2024 | 39.80 |
| Sep 30, 2024 | 43.78 |
| Jun 30, 2024 | 36.66 |
| Mar 31, 2024 | 36.64 |
| Dec 31, 2023 | 31.55 |
| Sep 30, 2023 | 21.62 |
| Jun 30, 2023 | 22.18 |
| Mar 31, 2023 | 23.42 |
| Dec 31, 2022 | 26.78 |
| Sep 30, 2022 | 24.34 |
| Jun 30, 2022 | 21.98 |
| Mar 31, 2022 | 25.09 |
| Dec 31, 2021 | 29.51 |
API Access
Nasdaq Price to Earnings 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=price-to-earnings&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();