Nasdaq (NDAQ) Research & Development (2009 - 2026)
Nasdaq recorded quarterly Research & Development of $84.0 million in Q1 2026, up 5.0% quarter-over-quarter from $80.0 million in Q4 2025, and up 9.09% year-over-year from $77.0 million in Q1 2025.
Nasdaq's Research & Development history runs 18 years deep, the most recent figure standing at $84.0 million for Q1 2026.
- In Q1 2026, Research & Development rose 9.09% year-over-year to $84.0 million; the TTM figure through Mar 2026 stood at $323.0 million (up 11.0% YoY), while the FY2025 annual figure was $316.0 million, up 12.46% from the prior year.
- Research & Development came in at $84.0 million for Q1 2026 at Nasdaq, up from $80.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $84.0 million in Q1 2026 to a low of $50.0 million in Q1 2022.
- A 5-year average of $65.9 million and a median of $67.0 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development grew 6.38% in 2022 and advanced 24.07% in 2024, its largest moves.
- Nasdaq's Research & Development stood at $57.0 million in 2022, then gained by 14.04% to $65.0 million in 2023, then climbed by 13.85% to $74.0 million in 2024, then advanced by 8.11% to $80.0 million in 2025, then rose by 5.0% to $84.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $84.0 million, $80.0 million, and $80.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (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 | 76.60 Mn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 238.00 Mn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | - |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 84.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 195.86 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 49.60 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 27.60 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 | 84.00 Mn |
| Dec 31, 2025 | 80.00 Mn |
| Sep 30, 2025 | 80.00 Mn |
| Jun 30, 2025 | 79.00 Mn |
| Mar 31, 2025 | 77.00 Mn |
| Dec 31, 2024 | 74.00 Mn |
| Sep 30, 2024 | 71.00 Mn |
| Jun 30, 2024 | 69.00 Mn |
| Mar 31, 2024 | 67.00 Mn |
| Dec 31, 2023 | 65.00 Mn |
| Sep 30, 2023 | 58.00 Mn |
| Jun 30, 2023 | 56.00 Mn |
| Mar 31, 2023 | 54.00 Mn |
| Dec 31, 2022 | 57.00 Mn |
| Sep 30, 2022 | 50.00 Mn |
| Jun 30, 2022 | 50.00 Mn |
| Mar 31, 2022 | 50.00 Mn |
| Dec 31, 2021 | 49.00 Mn |
| Sep 30, 2021 | 47.00 Mn |
| Jun 30, 2021 | 46.00 Mn |
| Mar 31, 2021 | 44.00 Mn |
| Dec 31, 2020 | 42.00 Mn |
| Sep 30, 2020 | 39.00 Mn |
| Jun 30, 2020 | 35.00 Mn |
| Mar 31, 2020 | 35.00 Mn |
| Dec 31, 2019 | 35.00 Mn |
| Sep 30, 2019 | 33.00 Mn |
| Jun 30, 2019 | 33.00 Mn |
| Mar 31, 2019 | 33.00 Mn |
| Dec 31, 2018 | 33.00 Mn |
| Sep 30, 2018 | 32.00 Mn |
| Jun 30, 2018 | 30.00 Mn |
| Mar 31, 2018 | 32.00 Mn |
| Dec 31, 2017 | 34.00 Mn |
| Sep 30, 2017 | 32.00 Mn |
| Jun 30, 2017 | 30.00 Mn |
| Mar 31, 2017 | 30.00 Mn |
| Dec 31, 2016 | 31.00 Mn |
| Sep 30, 2016 | 28.00 Mn |
| Jun 30, 2016 | 27.00 Mn |
| Mar 31, 2016 | 25.00 Mn |
| Dec 31, 2015 | 26.00 Mn |
| Sep 30, 2015 | 23.00 Mn |
| Jun 30, 2015 | 23.00 Mn |
| Mar 31, 2015 | 35.00 Mn |
| Dec 31, 2014 | 25.00 Mn |
| Sep 30, 2014 | 22.00 Mn |
| Jun 30, 2014 | 23.00 Mn |
| Mar 31, 2014 | 22.00 Mn |
| Dec 31, 2013 | 24.00 Mn |
| Sep 30, 2013 | 22.00 Mn |
| Jun 30, 2013 | 20.00 Mn |
| Mar 31, 2013 | 15.00 Mn |
| Dec 31, 2012 | 8.00 Mn |
| Sep 30, 2012 | 18.00 Mn |
| Jun 30, 2012 | 17.00 Mn |
| Mar 31, 2012 | 17.00 Mn |
| Dec 31, 2011 | 15.00 Mn |
| Sep 30, 2011 | 17.00 Mn |
| Jun 30, 2011 | 17.00 Mn |
| Mar 31, 2011 | 17.00 Mn |
| Dec 31, 2010 | 15.00 Mn |
| Sep 30, 2010 | 13.00 Mn |
| Jun 30, 2010 | 14.00 Mn |
| Mar 31, 2010 | 16.00 Mn |
| Dec 31, 2009 | 16.00 Mn |
| Sep 30, 2009 | 14.00 Mn |
| Jun 30, 2009 | 14.00 Mn |