Nasdaq (NDAQ) Return on Capital Employed [ROCE] (2010 - 2026)
Nasdaq (NDAQ) reported Return on Capital Employed [ROCE] of 11.33% for Q2 2026, up 2.23 percentage points from 9.10% a year earlier and up 1.48 percentage points from the prior quarter.
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Analysis
Nasdaq (NDAQ) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2025, Nasdaq posted Return on Capital Employed [ROCE] of 10.24%, up 2.57 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of -0.95 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 7.67% in FY2024 (-1.32 pp), 8.99% in FY2023 (-4.43 pp), 13.42% in FY2022 (+0.52 pp) and 12.89% in FY2021 (+1.70 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Capital Employed [ROCE] since Q1 2023.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last six quarters, with an average year-over-year change of +1.29 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q2 2022 (a gain of 3.62 percentage points); the low point was Q1 2024 (a drop of 6.37 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 9.84% (Q1 2026), 10.18% (Q4 2025) and 9.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.29 Bn | 98.39 Bn | - | 11.13% |
| 2 | Intercontinental Exchange | 91.73 Bn | 85.47 Bn | - | 9.74% |
| 3 | Robinhood Markets | 85.57 Bn | 66.60 Bn | - | 48.09% |
| 4 | Nasdaq | 57.08 Bn | 54.52 Bn | 1.48 Bn | 11.95% |
| 5 | Interactive Brokers | 36.00 Bn | 13.12 Bn | - | - |
| 6 | Cboe Global Markets | 35.61 Bn | 27.26 Bn | 731.60 Mn | 24.89% |
| 7 | Tradeweb Markets | 26.02 Bn | 18.03 Bn | - | - |
| 8 | LPL Financial Holdings | 25.19 Bn | 20.51 Bn | - | - |
| 9 | Circle Internet | 21.29 Bn | 15.17 Bn | 288.85 Mn | 4.11% |
| 10 | Xp | 16.10 Bn | -5.72 Bn | 105.39 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.95% |
| 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 | 7.28% |
| Jun 30, 2024 | 7.20% |
| Mar 31, 2024 | 6.60% |
| Dec 31, 2023 | 8.18% |
| 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% |
API Access
Nasdaq Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "NDAQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();