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
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