Nasdaq (NDAQ) Shares Outstanding (Entity) (2009 - 2026)
Nasdaq (NDAQ) reported Shares Outstanding (Entity) of 558.44 million for Q3 2026, down 2.5% from 573 million a year earlier and down 0.6% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Shares Outstanding (Entity) (2009 - 2026) Analysis & Trends
For FY2025, Nasdaq posted Shares Outstanding (Entity) of 569.89 million, down 0.9% from FY2024.
- Shares Outstanding (Entity) has a five-year compound annual growth rate of 2.9% (FY2020 to FY2025).
- By year, Shares Outstanding (Entity) came in at 575.06 million in FY2024 (unchanged), 575.16 million in FY2023 (+17.0%), 491.59 million in FY2022 (-1.7%) and 500.04 million in FY2021 (+1.1%).
- The Q3 2026 figure ranks as the lowest quarterly Shares Outstanding (Entity) since Q3 2023.
- Year over year, Shares Outstanding (Entity) has now declined in each of the last seven quarters, with an average decline of 1.0% over the last eight quarters.
- The high point for year-over-year Shares Outstanding (Entity) in five years was Q1 2024 (growth of 17.6%); the low point was Q2 2022 (a decline of 3.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 562 million (Q2 2026), 565 million (Q1 2026) and 569.89 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 357.42 Mn |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - | 672.90 Mn |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn | 558.00 Mn |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - | 901.00 Mn |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn | 558.44 Mn |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - | 272.83 Mn |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn | 104.37 Mn |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - | 453.10 Mn |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - | 181.12 Mn |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - | 232.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 558.44 Mn |
| Jun 30, 2026 | 562.00 Mn |
| Mar 31, 2026 | 565.00 Mn |
| Dec 31, 2025 | 569.89 Mn |
| Sep 30, 2025 | 573.00 Mn |
| Jun 30, 2025 | 574.00 Mn |
| Mar 31, 2025 | 574.00 Mn |
| Dec 31, 2024 | 575.06 Mn |
| Sep 30, 2024 | 575.00 Mn |
| Jun 30, 2024 | 576.06 Mn |
| Mar 31, 2024 | 576.00 Mn |
| Dec 31, 2023 | 575.16 Mn |
| Sep 30, 2023 | 491.32 Mn |
| Jun 30, 2023 | 491.27 Mn |
| Mar 31, 2023 | 490.00 Mn |
| Dec 31, 2022 | 491.59 Mn |
| Sep 30, 2022 | 491.23 Mn |
| Jun 30, 2022 | 492.00 Mn |
| Mar 31, 2022 | 495.00 Mn |
| Dec 31, 2021 | 500.04 Mn |
API Access
Nasdaq Shares Outstanding (Entity) 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-entity&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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-entity&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();