Nasdaq (NDAQ) Research & Development (2009 - 2026)
Nasdaq's (NDAQ) quarterly Research & Development came in at $88.0 million in Q2 2026, up 11.39% year-over-year from $79.0 million in Q2 2025, and up 4.76% quarter-over-quarter from $84.0 million in Q1 2026.
Analysis
Nasdaq (NDAQ) Research & Development (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Research & Development across 18 years of filings, most recently posting $88.0 million for Q2 2026.
- In Q2 2026, Research & Development rose 11.39% year-over-year to $88.0 million; the TTM figure through Jun 2026 stood at $332.0 million (up 10.3% YoY), while the FY2025 annual figure was $316.0 million, up 12.46% from the prior year.
- Research & Development came in at $88.0 million for Q2 2026 at Nasdaq, up from $84.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $88.0 million in Q2 2026 to a low of $50.0 million in Q1 2022.
- Average Research & Development over 5 years is $67.2 million, with a median of $68.0 million recorded in 2024.
- Year-over-year, Research & Development grew 6.38% in 2022 and advanced 24.07% in 2024.
- Over 5 years, Research & Development stood at $57.0 million in 2022, then rose by 14.04% to $65.0 million in 2023, then advanced by 13.85% to $74.0 million in 2024, then gained by 8.11% to $80.0 million in 2025, then gained by 10.0% to $88.0 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $88.0 million in Q2 2026, $84.0 million in Q1 2026, and $80.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 101.06 Bn | 101.06 Bn | 1.65 Bn | 83.30 Mn |
| 2 | Intercontinental Exchange | 90.48 Bn | 88.60 Bn | - | 242.00 Mn |
| 3 | Nasdaq | 54.45 Bn | 53.73 Bn | 1.50 Bn | 88.00 Mn |
| 4 | Cboe Global Markets | 31.27 Bn | 28.88 Bn | 731.60 Mn | 26.20 Mn |
| 5 | Tradeweb Markets | 24.86 Bn | 23.51 Bn | - | 41.98 Mn |
| 6 | Marketaxess Holdings | 5.75 Bn | 5.47 Bn | - | 21.51 Mn |
| 7 | Miami International Holdings | 4.18 Bn | 3.51 Bn | 141.11 Mn | 10.20 Mn |
Historic Data
Download Data
Historic 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 |