Nasdaq (NDAQ) Research & Development (2009 - 2026)
Nasdaq (NDAQ) posted quarterly Research & Development of $88.0 million for Q2 2026, up 11.39% year-on-year from $79.0 million in Q2 2025, and up 4.76% on a QoQ basis from $84.0 million in Q1 2026.
Nasdaq (NDAQ) Research & Development (2009 - 2026) Analysis & Trends
Nasdaq (NDAQ) has reported Research & Development for 18 consecutive years, with $88.0 million the latest figure, recorded in Q2 2026.
- Quarterly Research & Development rose 11.39% year-over-year to $88.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $332.0 million (up 10.3% YoY) and the FY2025 annual result came in at $316.0 million, up 12.46% from the prior year.
- Research & Development grew to $88.0 million in Q2 2026 per NDAQ's latest filing, from $84.0 million in the prior quarter.
- Over the last five years, Research & Development for NDAQ reached as high as $88.0 million in Q2 2026 and fell as low as $50.0 million in Q1 2022.
- A 5-year average of $67.2 million and a median of $68.0 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development gained 6.38% — and 2024, when it increased 24.07%.
- Year by year, Research & Development stood at $57.0 million in 2022, then increased by 14.04% to $65.0 million in 2023, then gained by 13.85% to $74.0 million in 2024, then rose by 8.11% to $80.0 million in 2025, then rose by 10.0% to $88.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $88.0 million, $84.0 million, and $80.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bit Origin | 1,110.84 Bn | 1,110.84 Bn | - | - |
| 2 | S&P Global | 130.72 Bn | 128.91 Bn | 2.94 Bn | - |
| 3 | Cme | 92.16 Bn | 92.16 Bn | 1.65 Bn | 83.30 Mn |
| 4 | Moodys | 84.72 Bn | 83.22 Bn | 1.67 Bn | - |
| 5 | Intercontinental Exchange | 84.12 Bn | 82.38 Bn | - | 238.00 Mn |
| 6 | Nasdaq | 53.10 Bn | 52.38 Bn | 1.50 Bn | 88.00 Mn |
| 7 | Coinbase Global | 44.25 Bn | 33.81 Bn | 1.33 Bn | 266.73 Mn |
| 8 | Msci | 41.65 Bn | 41.29 Bn | 717.10 Mn | 46.00 Mn |
| 9 | Cboe Global Markets | 30.13 Bn | 27.96 Bn | 728.90 Mn | 27.60 Mn |
| 10 | TransUnion | 14.77 Bn | 14.04 Bn | 726.20 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 88.00 Mn |
| 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 |