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
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