Nasdaq (NDAQ) Return on Capital Employed (2010 - 2026)
Nasdaq (NDAQ) posted Return on Capital Employed of 11.33% for Q2 2026, up 15.05% sequentially from 9.84% in Q1 2026, and up 223.0% YoY from 3.51% in Q2 2025.
Nasdaq (NDAQ) Return on Capital Employed (2010 - 2026) Analysis & Trends
Nasdaq has reported Return on Capital Employed for 17 years, with the latest figure at 11.33% in Q2 2026.
- Quarterly Return on Capital Employed rose 223.0% year-over-year to 11.33% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 11.33% (up 223.0% YoY) and the FY2025 annual result came in at 10.24%, up 257.0% from the prior year.
- Return on Capital Employed rose to 11.33% in Q2 2026 per NDAQ's latest filing, from 9.84% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 14.0% in Q2 2022 and troughed at 5.35% in Q1 2024.
- A 5-year average of 9.73% and a median of 9.78% in 2025 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2024 and 2025: Return on Capital Employed plunged 761 bps in 2024, then jumped 377 bps in 2025.
- Over 5 years, Return on Capital Employed stood at 11.97% in 2022, then tumbled by 45 bps to 6.63% in 2023, then climbed by 20 bps to 7.96% in 2024, then gained by 28 bps to 10.18% in 2025, then grew by 11 bps to 11.33% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 11.33%, 9.84%, and 10.18% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 13.59% |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 11.13% |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | 9.74% |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 32.18% |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 11.33% |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | 3.03% |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 46.76% |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | 24.89% |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 8.33% |
| 10 | Factset Research Systems | 10.82 Bn | 10.52 Bn | 310.73 Mn | 22.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.33% |
| Mar 31, 2026 | 9.84% |
| Dec 31, 2025 | 10.18% |
| Sep 30, 2025 | 9.72% |
| Jun 30, 2025 | 9.10% |
| Mar 31, 2025 | 8.58% |
| Dec 31, 2024 | 7.96% |
| Sep 30, 2024 | 5.95% |
| Jun 30, 2024 | 5.88% |
| Mar 31, 2024 | 5.35% |
| Dec 31, 2023 | 6.63% |
| Sep 30, 2023 | 8.77% |
| Jun 30, 2023 | 10.48% |
| Mar 31, 2023 | 12.96% |
| Dec 31, 2022 | 11.97% |
| Sep 30, 2022 | 13.64% |
| Jun 30, 2022 | 14.00% |
| Mar 31, 2022 | 12.75% |
| Dec 31, 2021 | 12.66% |
| Sep 30, 2021 | 11.23% |