Nasdaq NDAQ
NASDAQ NDAQ
$94.22 -0.82 (-0.86%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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