KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) Share-based Compensation (2009 - 2026)

Nasdaq recorded quarterly Share-based Compensation of $38.0 million in Q1 2026, down 11.63% quarter-over-quarter from $43.0 million in Q4 2025, and up 8.57% year-over-year from $35.0 million in Q1 2025.

Nasdaq's Share-based Compensation history runs 18 years deep, the most recent figure standing at $38.0 million for Q1 2026.

  • In Q1 2026, Share-based Compensation rose 8.57% year-over-year to $38.0 million; the TTM figure through Mar 2026 stood at $168.0 million (up 15.07% YoY), while the FY2025 annual figure was $165.0 million, up 17.02% from the prior year.
  • Share-based Compensation came in at $38.0 million for Q1 2026 at Nasdaq, down from $43.0 million in the prior quarter.
  • In the past five years, Share-based Compensation ranged from a high of $46.0 million in Q2 2025 to a low of $24.0 million in Q2 2022.
  • A 5-year average of $33.6 million and a median of $34.0 million in 2023 frame the typical range for Share-based Compensation.
  • Across the five-year window, Share-based Compensation changed 0.0% in 2022 and soared 41.67% in 2023, its largest moves.
  • Nasdaq's Share-based Compensation stood at $30.0 million in 2022, then gained by 6.67% to $32.0 million in 2023, then grew by 12.5% to $36.0 million in 2024, then increased by 19.44% to $43.0 million in 2025, then declined by 11.63% to $38.0 million in 2026.
  • According to Business Quant data, Share-based Compensation over the past three periods registered $38.0 million, $43.0 million, and $41.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn 39.00 Mn
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn 21.80 Mn
3 Intercontinental Exchange 83.83 Bn 82.37 Bn - 78.00 Mn
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn 58.00 Mn
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn 38.00 Mn
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn 248.06 Mn
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn 47.70 Mn
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn 12.90 Mn
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn 37.50 Mn
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn 20.87 Mn

Historic Data

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DateValue
Mar 31, 2026 38.00 Mn
Mar 31, 2026 38.00 Mn
Dec 31, 2025 43.00 Mn
Dec 31, 2025 43.00 Mn
Sep 30, 2025 41.00 Mn
Sep 30, 2025 41.00 Mn
Jun 30, 2025 46.00 Mn
Jun 30, 2025 46.00 Mn
Mar 31, 2025 35.00 Mn
Mar 31, 2025 35.00 Mn
Dec 31, 2024 36.00 Mn
Dec 31, 2024 36.00 Mn
Sep 30, 2024 36.00 Mn
Sep 30, 2024 36.00 Mn
Jun 30, 2024 39.00 Mn
Jun 30, 2024 39.00 Mn
Mar 31, 2024 30.00 Mn
Mar 31, 2024 30.00 Mn
Dec 31, 2023 32.00 Mn
Dec 31, 2023 32.00 Mn
Sep 30, 2023 30.00 Mn
Sep 30, 2023 30.00 Mn
Jun 30, 2023 34.00 Mn
Jun 30, 2023 34.00 Mn
Mar 31, 2023 26.00 Mn
Mar 31, 2023 26.00 Mn
Dec 31, 2022 30.00 Mn
Dec 31, 2022 30.00 Mn
Sep 30, 2022 27.00 Mn
Sep 30, 2022 27.00 Mn
Jun 30, 2022 24.00 Mn
Jun 30, 2022 24.00 Mn
Mar 31, 2022 25.00 Mn
Mar 31, 2022 25.00 Mn
Dec 31, 2021 24.00 Mn
Dec 31, 2021 24.00 Mn
Sep 30, 2021 23.00 Mn
Sep 30, 2021 23.00 Mn
Jun 30, 2021 24.00 Mn
Jun 30, 2021 24.00 Mn
Mar 31, 2021 19.00 Mn
Mar 31, 2021 19.00 Mn
Dec 31, 2020 23.00 Mn
Dec 31, 2020 23.00 Mn
Sep 30, 2020 24.00 Mn
Sep 30, 2020 24.00 Mn
Jun 30, 2020 23.00 Mn
Jun 30, 2020 23.00 Mn
Mar 31, 2020 17.00 Mn
Mar 31, 2020 17.00 Mn
Dec 31, 2019 22.00 Mn
Dec 31, 2019 22.00 Mn
Sep 30, 2019 21.00 Mn
Sep 30, 2019 21.00 Mn
Jun 30, 2019 20.00 Mn
Jun 30, 2019 20.00 Mn
Mar 31, 2019 16.00 Mn
Mar 31, 2019 16.00 Mn
Dec 31, 2018 18.00 Mn
Dec 31, 2018 18.00 Mn
Sep 30, 2018 18.00 Mn
Sep 30, 2018 18.00 Mn
Jun 30, 2018 18.00 Mn
Jun 30, 2018 18.00 Mn
Mar 31, 2018 15.00 Mn
Mar 31, 2018 15.00 Mn
Dec 31, 2017 18.00 Mn
Dec 31, 2017 18.00 Mn
Sep 30, 2017 18.00 Mn
Sep 30, 2017 18.00 Mn
Jun 30, 2017 19.00 Mn
Jun 30, 2017 19.00 Mn
Mar 31, 2017 15.00 Mn
Mar 31, 2017 15.00 Mn
Dec 31, 2016 31.00 Mn
Dec 31, 2016 31.00 Mn
Sep 30, 2016 20.00 Mn
Sep 30, 2016 20.00 Mn
Jun 30, 2016 19.00 Mn
Jun 30, 2016 19.00 Mn
Mar 31, 2016 16.00 Mn
Mar 31, 2016 16.00 Mn
Dec 31, 2015 19.00 Mn
Dec 31, 2015 19.00 Mn
Sep 30, 2015 17.00 Mn
Sep 30, 2015 17.00 Mn
Jun 30, 2015 18.00 Mn
Jun 30, 2015 18.00 Mn
Mar 31, 2015 14.00 Mn
Mar 31, 2015 14.00 Mn
Dec 31, 2014 17.00 Mn
Dec 31, 2014 17.00 Mn
Sep 30, 2014 15.00 Mn
Sep 30, 2014 15.00 Mn
Jun 30, 2014 16.00 Mn
Jun 30, 2014 16.00 Mn
Mar 31, 2014 14.00 Mn
Mar 31, 2014 14.00 Mn
Dec 31, 2013 15.00 Mn
Dec 31, 2013 15.00 Mn
Sep 30, 2013 14.00 Mn
Sep 30, 2013 14.00 Mn
Jun 30, 2013 9.00 Mn
Jun 30, 2013 9.00 Mn
Mar 31, 2013 9.00 Mn
Mar 31, 2013 9.00 Mn
Dec 31, 2012 12.00 Mn
Dec 31, 2012 12.00 Mn
Sep 30, 2012 12.00 Mn
Sep 30, 2012 12.00 Mn
Jun 30, 2012 12.00 Mn
Jun 30, 2012 12.00 Mn
Mar 31, 2012 10.00 Mn
Mar 31, 2012 10.00 Mn
Dec 31, 2011 10.00 Mn
Dec 31, 2011 10.00 Mn
Sep 30, 2011 9.00 Mn
Sep 30, 2011 9.00 Mn
Jun 30, 2011 10.00 Mn
Jun 30, 2011 10.00 Mn
Mar 31, 2011 7.00 Mn
Mar 31, 2011 7.00 Mn
Dec 31, 2010 8.00 Mn
Dec 31, 2010 8.00 Mn
Sep 30, 2010 8.00 Mn
Sep 30, 2010 8.00 Mn
Jun 30, 2010 9.00 Mn
Jun 30, 2010 9.00 Mn
Mar 31, 2010 8.00 Mn
Mar 31, 2010 8.00 Mn
Dec 31, 2009 10.00 Mn
Dec 31, 2009 10.00 Mn
Sep 30, 2009 8.00 Mn
Sep 30, 2009 8.00 Mn