Nasdaq (NDAQ) Shares Outstanding (Diluted) (2009 - 2026)
Nasdaq's Shares Outstanding (Diluted) came in at 567.75 million for Q2 2026, down 1.9% from 578.98 million a year earlier and down 0.7% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Nasdaq's Shares Outstanding (Diluted) was 578.6 million, down 0.1% from FY2024.
- Shares Outstanding (Diluted) carries a five-year compound annual growth rate of 2.9% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 579.19 million in FY2024 (+13.9%), 508.39 million in FY2023 (+2.1%), 497.86 million in FY2022 (-1.4%) and 505.09 million in FY2021 (+0.9%).
- The Q2 2026 figure represents the lowest quarterly Shares Outstanding (Diluted) since Q4 2023.
- Year-over-year, Shares Outstanding (Diluted) has declined for three consecutive quarters, with growth averaging 3.5% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q2 2024 (growth of 17.3%), and the weakest in Q3 2022 (a decline of 2.8%).
- Business Quant data shows NDAQ's Shares Outstanding (Diluted) at 571.75 million (Q1 2026), 578.6 million (Q4 2025) and 578.98 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 99.92 Bn | 81.02 Bn | - | 912.00 Mn |
| 2 | Bank of New York Mellon | 97.64 Bn | 37.02 Bn | - | 692.22 Mn |
| 3 | Cme | 95.24 Bn | 95.24 Bn | - | 361.28 Mn |
| 4 | Intercontinental Exchange | 84.98 Bn | 78.79 Bn | - | 566.00 Mn |
| 5 | Nasdaq | 51.52 Bn | 48.95 Bn | 1.50 Bn | 567.75 Mn |
| 6 | State Street | 47.96 Bn | 47.96 Bn | - | 281.06 Mn |
| 7 | Interactive Brokers | 38.66 Bn | 32.12 Bn | - | 450.09 Mn |
| 8 | Northern Trust | 30.96 Bn | 30.96 Bn | - | 184.89 Mn |
| 9 | Cboe Global Markets | 29.00 Bn | 20.65 Bn | 731.60 Mn | 104.90 Mn |
| 10 | LPL Financial Holdings | 24.58 Bn | 19.90 Bn | - | 80.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 567.75 Mn |
| Mar 31, 2026 | 571.75 Mn |
| Dec 31, 2025 | 578.60 Mn |
| Sep 30, 2025 | 578.98 Mn |
| Jun 30, 2025 | 578.98 Mn |
| Mar 31, 2025 | 579.98 Mn |
| Dec 31, 2024 | 579.19 Mn |
| Sep 30, 2024 | 579.02 Mn |
| Jun 30, 2024 | 578.95 Mn |
| Mar 31, 2024 | 578.93 Mn |
| Dec 31, 2023 | 508.39 Mn |
| Sep 30, 2023 | 494.11 Mn |
| Jun 30, 2023 | 493.63 Mn |
| Mar 31, 2023 | 494.77 Mn |
| Dec 31, 2022 | 497.86 Mn |
| Sep 30, 2022 | 496.34 Mn |
| Jun 30, 2022 | 496.58 Mn |
| Mar 31, 2022 | 501.74 Mn |
| Dec 31, 2021 | 505.09 Mn |
| Sep 30, 2021 | 510.54 Mn |
API Access
Nasdaq Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();