Nasdaq (NDAQ) Research & Development (2009 - 2026)
Nasdaq (NDAQ) posted Research & Development of $88.0 million for Q2 2026, up 4.76% sequentially from $84.0 million in Q1 2026, and up 11.39% YoY from $79.0 million in Q2 2025.
Nasdaq (NDAQ) Research & Development (2009 - 2026) Analysis & Trends
Nasdaq has reported Research & Development for 18 years, with the latest figure at $88.0 million 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 climbed to $88.0 million in Q2 2026 per NDAQ's latest filing, from $84.0 million in the prior quarter.
- Over five years, Research & Development peaked at $88.0 million in Q2 2026 and troughed at $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.
- The sharpest annual moves came in 2022 and 2024: Research & Development increased 6.38% in 2022, then climbed 24.07% in 2024.
- Over 5 years, Research & Development stood at $57.0 million in 2022, then advanced by 14.04% to $65.0 million in 2023, then grew by 13.85% to $74.0 million in 2024, then climbed by 8.11% to $80.0 million in 2025, then climbed 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.61 Bn | 123.47 Bn | 2.98 Bn | - |
| 2 | Cme | 97.52 Bn | 97.52 Bn | 1.65 Bn | 83.30 Mn |
| 3 | Intercontinental Exchange | 89.57 Bn | 87.62 Bn | - | 242.00 Mn |
| 4 | Moodys | 86.76 Bn | 85.26 Bn | 1.67 Bn | - |
| 5 | Nasdaq | 54.95 Bn | 54.24 Bn | 1.50 Bn | 88.00 Mn |
| 6 | Coinbase Global | 45.29 Bn | 36.50 Bn | 1.16 Bn | 472.85 Mn |
| 7 | Msci | 41.31 Bn | 40.96 Bn | 717.10 Mn | 87.40 Mn |
| 8 | Cboe Global Markets | 30.95 Bn | 28.56 Bn | 731.60 Mn | 26.20 Mn |
| 9 | TransUnion | 16.34 Bn | 15.50 Bn | 765.00 Mn | - |
| 10 | Factset Research Systems | 10.81 Bn | 10.51 Bn | 310.73 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 |