Nasdaq (NDAQ) Return on Equity [ROE] (2009 - 2026)
Nasdaq (NDAQ) recorded Return on Equity [ROE] of 17.36% in Q3 2026, up 3.73 percentage points from 13.63% a year earlier and up 0.99 percentage points from the prior quarter.
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Analysis
Nasdaq (NDAQ) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Nasdaq reported Return on Equity [ROE] of 15.25%, up 5.13 percentage points from FY2024.
- Annual Return on Equity [ROE] has a five-year change of -0.20 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Equity [ROE] came in at 10.12% in FY2024 (-2.32 pp), 12.44% in FY2023 (-5.43 pp), 17.87% in FY2022 (-0.62 pp) and 18.49% in FY2021 (+3.03 pp).
- The Q3 2026 figure is the highest quarterly Return on Equity [ROE] since Q2 2023.
- On a year-over-year basis, Return on Equity [ROE] has increased for seven consecutive quarters, with an average year-over-year change of +3.18 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 4.93 percentage points in Q3 2025, against a drop of 9.36 percentage points in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 16.37% (Q2 2026), 15.76% (Q1 2026) and 14.74% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 16.64% |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - | 14.73% |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn | 14.19% |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - | 20.39% |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn | 17.36% |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - | 12.93% |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn | 25.63% |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - | 22.23% |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - | 18.13% |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - | 14.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.36% |
| Jun 30, 2026 | 16.37% |
| Mar 31, 2026 | 15.76% |
| Dec 31, 2025 | 14.74% |
| Sep 30, 2025 | 13.63% |
| Jun 30, 2025 | 12.90% |
| Mar 31, 2025 | 11.22% |
| Dec 31, 2024 | 10.01% |
| Sep 30, 2024 | 8.70% |
| Jun 30, 2024 | 8.70% |
| Mar 31, 2024 | 9.15% |
| Dec 31, 2023 | 12.23% |
| Sep 30, 2023 | 17.32% |
| Jun 30, 2023 | 17.74% |
| Mar 31, 2023 | 18.50% |
| Dec 31, 2022 | 18.66% |
| Sep 30, 2022 | 19.48% |
| Jun 30, 2022 | 19.15% |
| Mar 31, 2022 | 18.85% |
| Dec 31, 2021 | 18.59% |
API Access
Nasdaq Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();