Nasdaq (NDAQ) Research & Development (2009 - 2026)

Nasdaq has disclosed Research & Development across 18 years of filings, most recently posting $84.0 million for Q1 2026.

• Research & Development for Q1 2026 came in at $84.0 million, up 9.09% year-over-year; the trailing twelve-month figure through Mar 2026 was $323.0 million (up 11.0% YoY), and the FY2025 annual result 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.
• The 5-year median for Research & Development is $67.0 million (2024), against an average of $65.9 million.
• Across the five-year window, Research & Development climbed 6.38% in 2022 and gained 24.07% in 2024, its largest moves.
• Nasdaq's 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 increased by 5.0% to $84.0 million in 2026.
• The last three Research & Development figures came in at $84.0 million (Q1 2026), $80.0 million (Q4 2025), and $80.0 million (Q3 2025), per Business Quant data.