Nasdaq (NDAQ) Selling, General & Administrative (2009 - 2026)
Nasdaq's Selling, General & Administrative came in at $2 million for Q3 2026, down 90.9% from $22 million a year earlier and down 91.3% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Selling, General & Administrative (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Nasdaq reported Selling, General & Administrative of $78 million, up 2.6% year-over-year; for FY2025, it came in at $75 million, down 31.2% from FY2024.
- Selling, General & Administrative has declined in each of the last three years, with a five-year compound annual growth rate of -12.0% (FY2020 to FY2025).
- Going back by year, Selling, General & Administrative was $109 million in FY2024 (-3.5%), $113 million in FY2023 (-9.6%), $125 million in FY2022 (+47.1%) and $85 million in FY2021 (-40.1%).
- The Q3 2026 figure represents the lowest quarterly Selling, General & Administrative since Q4 2015.
- Year-over-year, Selling, General & Administrative increased in 1 of the last eight quarters, with growth averaging 15.0%.
- The fastest year-over-year change in Selling, General & Administrative over five years came in Q1 2026 (growth of 383.3%), and the weakest in Q3 2026 (a decline of 90.9%).
- Business Quant data shows NDAQ's Selling, General & Administrative at $23 million (Q2 2026), $29 million (Q1 2026) and $24 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | SG&A (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | - |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | - |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 74.00 Mn |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | 163.00 Mn |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 2.00 Mn |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | - |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | - |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | 78.00 Mn |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | - |
| 10 | Tradeweb Markets | 27.14 Bn | 18.94 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.00 Mn |
| Jun 30, 2026 | 23.00 Mn |
| Mar 31, 2026 | 29.00 Mn |
| Dec 31, 2025 | 24.00 Mn |
| Sep 30, 2025 | 22.00 Mn |
| Jun 30, 2025 | 23.00 Mn |
| Mar 31, 2025 | 6.00 Mn |
| Dec 31, 2024 | 25.00 Mn |
| Sep 30, 2024 | 26.00 Mn |
| Jun 30, 2024 | 30.00 Mn |
| Mar 31, 2024 | 28.00 Mn |
| Dec 31, 2023 | 51.00 Mn |
| Sep 30, 2023 | 26.00 Mn |
| Jun 30, 2023 | 22.00 Mn |
| Mar 31, 2023 | 14.00 Mn |
| Dec 31, 2022 | 31.00 Mn |
| Sep 30, 2022 | 38.00 Mn |
| Jun 30, 2022 | 34.00 Mn |
| Mar 31, 2022 | 21.00 Mn |
| Dec 31, 2021 | 19.00 Mn |
API Access
Nasdaq Selling, General & Administrative 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=selling-general-and-administrative&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "selling-general-and-administrative", "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=selling-general-and-administrative&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();