Nasdaq (NDAQ) Return on Capital Employed (2010 - 2026)
Nasdaq recorded quarterly Return on Capital Employed of 9.84% in Q1 2026, down 3.28% quarter-over-quarter from 10.18% in Q4 2025, and up 126.0% year-over-year from 4.36% in Q1 2025.
Nasdaq's Return on Capital Employed history runs 17 years deep, the most recent figure standing at 9.84% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 126.0% year-over-year to 9.84%; the TTM figure through Mar 2026 stood at 9.84% (up 126.0% YoY), while the FY2025 annual figure was 10.24%, up 257.0% from the prior year.
- Return on Capital Employed came in at 9.84% for Q1 2026 at Nasdaq, down from 10.18% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 14.0% in Q2 2022 to a low of 5.35% in Q1 2024.
- A 5-year average of 9.63% and a median of 9.72% in 2025 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed tumbled 761 bps in 2024 and soared 377 bps in 2025, its largest moves.
- Nasdaq's Return on Capital Employed stood at 11.97% in 2022, then slumped by 45 bps to 6.63% in 2023, then advanced by 20 bps to 7.96% in 2024, then rose by 28 bps to 10.18% in 2025, then retreated by 3 bps to 9.84% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 9.84%, 10.18%, and 9.72% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 13.36% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 12.95% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 16.61% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 29.45% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 9.84% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 3.53% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 44.72% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 28.43% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 8.05% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 20.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 10.38% |
| Mar 31, 2021 | 10.44% |
| Dec 31, 2020 | 10.75% |
| Sep 30, 2020 | 11.16% |
| Jun 30, 2020 | 10.32% |
| Mar 31, 2020 | 11.41% |
| Dec 31, 2019 | 11.02% |
| Sep 30, 2019 | 10.12% |
| Jun 30, 2019 | 10.40% |
| Mar 31, 2019 | 10.90% |
| Dec 31, 2018 | 11.82% |
| Sep 30, 2018 | 11.19% |
| Jun 30, 2018 | 11.22% |
| Mar 31, 2018 | 10.68% |
| Dec 31, 2017 | 9.93% |
| Sep 30, 2017 | 7.80% |
| Jun 30, 2017 | 7.95% |
| Mar 31, 2017 | 7.66% |
| Dec 31, 2016 | 6.65% |
| Sep 30, 2016 | 5.95% |
| Jun 30, 2016 | 4.24% |
| Mar 31, 2016 | 3.17% |
| Dec 31, 2015 | 0.63% |
| Sep 30, 2015 | 2.27% |
| Jun 30, 2015 | 4.44% |
| Mar 31, 2015 | 6.67% |
| Dec 31, 2014 | 8.03% |
| Sep 30, 2014 | 8.44% |
| Jun 30, 2014 | 8.47% |
| Mar 31, 2014 | 8.52% |
| Dec 31, 2013 | 7.09% |
| Sep 30, 2013 | 6.57% |
| Jun 30, 2013 | 7.27% |
| Mar 31, 2013 | 7.57% |
| Dec 31, 2012 | 8.62% |
| Sep 30, 2012 | 8.33% |
| Jun 30, 2012 | 8.78% |
| Mar 31, 2012 | 6.39% |
| Dec 31, 2011 | 9.17% |
| Sep 30, 2011 | 8.17% |
| Jun 30, 2011 | 6.66% |
| Mar 31, 2011 | 9.56% |
| Dec 31, 2010 | 12.50% |
| Sep 30, 2010 | 7.78% |