Nasdaq (NDAQ) Share-based Compensation (2009 - 2026)
Nasdaq's (NDAQ) quarterly Share-based Compensation came in at $38.0 million in Q1 2026, up 8.57% year-on-year from $35.0 million in Q1 2025, and down 11.63% quarter-over-quarter from $43.0 million in Q4 2025.
Nasdaq (NDAQ) Share-based Compensation (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Share-based Compensation across 18 years of filings, most recently posting $38.0 million for Q1 2026.
- Share-based Compensation for Q1 2026 came in at $38.0 million, up 8.57% year-over-year; the trailing twelve-month figure through Mar 2026 was $168.0 million (up 15.07% YoY), and the FY2025 annual result 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.
- The 5-year median for Share-based Compensation is $34.0 million (2023), against an average of $33.6 million.
- Across the five-year window, Share-based Compensation changed 0.0% in 2022 and surged 41.67% in 2023, its largest moves.
- Nasdaq's Share-based Compensation stood at $30.0 million in 2022, then rose by 6.67% to $32.0 million in 2023, then climbed by 12.5% to $36.0 million in 2024, then grew by 19.44% to $43.0 million in 2025, then dropped by 11.63% to $38.0 million in 2026.
- The last three Share-based Compensation figures came in at $38.0 million (Q1 2026), $43.0 million (Q4 2025), and $41.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 39.00 Mn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 21.80 Mn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 58.00 Mn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 78.00 Mn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 38.00 Mn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | 248.06 Mn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 47.70 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 12.90 Mn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 37.50 Mn |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | 20.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |