Nasdaq (NDAQ) Revenue (2009 - 2026)
Nasdaq's Revenue was $2.39 billion in Q3 2026, up 20.9% from $1.98 billion a year earlier but down 5.5% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Revenue (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nasdaq's Revenue was $9.15 billion through Sep 30, 2026, up 11.5% year-over-year; for FY2025, it came in at $8.26 billion, up 11.6% from FY2024.
- Revenue shows a five-year compound annual growth rate of 8.0% (FY2020 to FY2025).
- In earlier years, Revenue was $7.4 billion in FY2024 (+22.0%), $6.06 billion in FY2023 (-2.6%), $6.23 billion in FY2022 (+5.8%) and $5.89 billion in FY2021 (+4.6%).
- Quarterly Revenue has moved between $1.43 billion (Q2 2023) and $2.53 billion (Q2 2026) over five years.
- Compared with a year earlier, Revenue has increased for 12 straight quarters, with growth averaging 14.5% over the last eight quarters.
- The best year-over-year quarter for Revenue over five years was Q3 2024 (growth of 31.1%); the worst was Q2 2023 (a decline of 7.7%).
- Per Business Quant data, NDAQ's Revenue in the three quarters before Q3 2026 was $2.53 billion (Q2 2026), $2.14 billion (Q1 2026) and $2.09 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 108.95 Bn | 97.29 Bn | - | 1.74 Bn |
| 2 | Bank of New York Mellon | 102.82 Bn | 36.44 Bn | - | 5.68 Bn |
| 3 | Intercontinental Exchange | 98.21 Bn | 91.10 Bn | - | 3.63 Bn |
| 4 | Robinhood Markets | 74.92 Bn | 54.46 Bn | - | 1.42 Bn |
| 5 | Nasdaq | 60.69 Bn | 58.13 Bn | 1.48 Bn | 2.39 Bn |
| 6 | State Street | 46.98 Bn | 46.98 Bn | - | 4.00 Bn |
| 7 | Cboe Global Markets | 36.89 Bn | 27.37 Bn | 712.20 Mn | 1.36 Bn |
| 8 | Interactive Brokers | 35.15 Bn | 11.46 Bn | - | 1.91 Bn |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 1.37 Bn |
| 10 | Tradeweb Markets | 27.24 Bn | 19.05 Bn | - | 584.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.39 Bn |
| Jun 30, 2026 | 2.53 Bn |
| Mar 31, 2026 | 2.14 Bn |
| Dec 31, 2025 | 2.09 Bn |
| Sep 30, 2025 | 1.98 Bn |
| Jun 30, 2025 | 2.10 Bn |
| Mar 31, 2025 | 2.10 Bn |
| Dec 31, 2024 | 2.03 Bn |
| Sep 30, 2024 | 1.90 Bn |
| Jun 30, 2024 | 1.79 Bn |
| Mar 31, 2024 | 1.67 Bn |
| Dec 31, 2023 | 1.65 Bn |
| Sep 30, 2023 | 1.45 Bn |
| Jun 30, 2023 | 1.43 Bn |
| Mar 31, 2023 | 1.53 Bn |
| Dec 31, 2022 | 1.58 Bn |
| Sep 30, 2022 | 1.56 Bn |
| Jun 30, 2022 | 1.55 Bn |
| Mar 31, 2022 | 1.54 Bn |
| Dec 31, 2021 | 1.47 Bn |
API Access
Nasdaq Revenue 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=revenue&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "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=revenue&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();