Nasdaq (NDAQ) Return on Invested Capital [ROIC] (2010 - 2026)
Nasdaq (NDAQ) reported Return on Invested Capital [ROIC] of 10.50% for Q3 2026, up 1.96 percentage points from 8.54% a year earlier and up 0.51 percentage points from the prior quarter.
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Analysis
Nasdaq (NDAQ) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Nasdaq posted Return on Invested Capital [ROIC] of 9.27%, up 2.67 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +0.22 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 6.59% in FY2024 (-0.66 pp), 7.25% in FY2023 (-2.76 pp), 10.01% in FY2022 (+0.80 pp) and 9.21% in FY2021 (+0.16 pp).
- The Q3 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q3 2022.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last eight quarters, with an average year-over-year change of +1.97 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q3 2025 (a gain of 2.71 percentage points); the low point was Q1 2024 (a drop of 4.86 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 9.98% (Q2 2026), 9.47% (Q1 2026) and 9.17% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 11.69% |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | 25.25% |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 8.54% |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | - |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 10.50% |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | - |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 19.52% |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | 40.69% |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | 27.49% |
| 10 | Tradeweb Markets | 27.14 Bn | 18.94 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.50% |
| Jun 30, 2026 | 9.98% |
| Mar 31, 2026 | 9.47% |
| Dec 31, 2025 | 9.17% |
| Sep 30, 2025 | 8.54% |
| Jun 30, 2025 | 8.18% |
| Mar 31, 2025 | 7.32% |
| Dec 31, 2024 | 6.65% |
| Sep 30, 2024 | 5.83% |
| Jun 30, 2024 | 5.57% |
| Mar 31, 2024 | 5.63% |
| Dec 31, 2023 | 6.36% |
| Sep 30, 2023 | 7.41% |
| Jun 30, 2023 | 8.60% |
| Mar 31, 2023 | 10.49% |
| Dec 31, 2022 | 10.45% |
| Sep 30, 2022 | 10.64% |
| Jun 30, 2022 | 10.09% |
| Mar 31, 2022 | 9.49% |
| Dec 31, 2021 | 9.09% |
API Access
Nasdaq Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();