Nasdaq (NDAQ) Rent Expense (2009 - 2026)
Nasdaq's Rent Expense was $35 million in Q2 2026, up 16.7% from $30 million a year earlier and up 6.1% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Rent Expense (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nasdaq's Rent Expense was $134 million through Jun 30, 2026, up 18.6% year-over-year; for FY2025, it was $124 million, up 10.7% from FY2024.
- Rent Expense shows a five-year compound annual growth rate of 3.0% (FY2020 to FY2025).
- In earlier years, Rent Expense was $112 million in FY2024 (-13.2%), $129 million in FY2023 (+24.0%), $104 million in FY2022 (-4.6%) and $109 million in FY2021 (+1.9%).
- The Q2 2026 figure marks the highest quarterly Rent Expense since Q1 2023.
- Compared with a year earlier, Rent Expense has increased for five straight quarters, with growth averaging 9.5% over the last eight quarters.
- The best year-over-year quarter for Rent Expense over five years was Q1 2023 (growth of 44.4%); the worst was Q1 2024 (a decline of 28.2%).
- Per Business Quant data, NDAQ's Rent Expense in the three quarters before Q2 2026 was $33 million (Q1 2026), $34 million (Q4 2025) and $32 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - | - |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - | 143.00 Mn |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - | - |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - | 23.00 Mn |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn | 35.00 Mn |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - | 96.00 Mn |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - | - |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - | 53.50 Mn |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn | 6.10 Mn |
| 10 | LPL Financial Holdings | 24.08 Bn | 19.40 Bn | - | 125.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.00 Mn |
| Mar 31, 2026 | 33.00 Mn |
| Dec 31, 2025 | 34.00 Mn |
| Sep 30, 2025 | 32.00 Mn |
| Jun 30, 2025 | 30.00 Mn |
| Mar 31, 2025 | 28.00 Mn |
| Dec 31, 2024 | 27.00 Mn |
| Sep 30, 2024 | 28.00 Mn |
| Jun 30, 2024 | 27.00 Mn |
| Mar 31, 2024 | 28.00 Mn |
| Dec 31, 2023 | 30.00 Mn |
| Sep 30, 2023 | 28.00 Mn |
| Jun 30, 2023 | 32.00 Mn |
| Mar 31, 2023 | 39.00 Mn |
| Dec 31, 2022 | 26.00 Mn |
| Sep 30, 2022 | 25.00 Mn |
| Jun 30, 2022 | 25.00 Mn |
| Mar 31, 2022 | 27.00 Mn |
| Dec 31, 2021 | 28.00 Mn |
| Sep 30, 2021 | 27.00 Mn |
API Access
Nasdaq Rent Expense 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=rent-expense&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "rent-expense", "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=rent-expense&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();