KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) Shares Outstanding (Weighted Average) (2009 - 2026)

Nasdaq recorded quarterly Shares Outstanding (Weighted Average) of $566.8 million in Q1 2026, down 1.12% quarter-over-quarter from $573.3 million in Q4 2025, and down 1.43% year-over-year from $575.0 million in Q1 2025.

Nasdaq's Shares Outstanding (Weighted Average) history runs 18 years deep, the most recent figure standing at $566.8 million for Q1 2026.

  • In Q1 2026, Shares Outstanding (Weighted Average) fell 1.43% year-over-year to $566.8 million; the TTM figure through Mar 2026 stood at $566.8 million (down 1.43% YoY), while the FY2025 annual figure was $573.3 million, changed 0.38% from the prior year.
  • Shares Outstanding (Weighted Average) came in at $566.8 million for Q1 2026 at Nasdaq, down from $573.3 million in the prior quarter.
  • In the past five years, Shares Outstanding (Weighted Average) ranged from a high of $575.9 million in Q2 2024 to a low of $489.9 million in Q1 2023.
  • A 5-year average of $536.1 million and a median of $566.8 million in 2026 frame the typical range for Shares Outstanding (Weighted Average).
  • Across the five-year window, Shares Outstanding (Weighted Average) jumped 200.62% in 2022 and slipped 1.43% in 2026, its largest moves.
  • Nasdaq's Shares Outstanding (Weighted Average) stood at $492.4 million in 2022, then gained by 2.54% to $504.9 million in 2023, then rose by 13.97% to $575.4 million in 2024, then dropped by 0.38% to $573.3 million in 2025, then decreased by 1.12% to $566.8 million in 2026.
  • According to Business Quant data, Shares Outstanding (Weighted Average) over the past three periods registered $566.8 million, $573.3 million, and $574.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Weighted Avg.) (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn 297.30 Mn
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn 359.32 Mn
3 Intercontinental Exchange 83.83 Bn 82.37 Bn - 567.00 Mn
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn 176.80 Mn
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn 566.82 Mn
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn 264.78 Mn
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn 73.30 Mn
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn 104.70 Mn
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn 192.70 Mn
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn 36.93 Mn

Historic Data

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DateValue
Mar 31, 2026 566.82 Mn
Dec 31, 2025 573.26 Mn
Sep 30, 2025 574.13 Mn
Jun 30, 2025 574.07 Mn
Mar 31, 2025 575.05 Mn
Dec 31, 2024 575.43 Mn
Sep 30, 2024 575.12 Mn
Jun 30, 2024 575.91 Mn
Mar 31, 2024 575.45 Mn
Dec 31, 2023 504.91 Mn
Sep 30, 2023 491.32 Mn
Jun 30, 2023 490.36 Mn
Mar 31, 2023 489.93 Mn
Dec 31, 2022 492.42 Mn
Sep 30, 2022 491.23 Mn
Jun 30, 2022 493.68 Mn
Mar 31, 2022 495.14 Mn
Dec 31, 2021 497.70 Mn
Sep 30, 2021 496.52 Mn
Jun 30, 2021 164.40 Mn
Mar 31, 2021 164.71 Mn
Dec 31, 2020 493.25 Mn
Sep 30, 2020 164.38 Mn
Jun 30, 2020 164.10 Mn
Mar 31, 2020 164.86 Mn
Dec 31, 2019 164.93 Mn
Sep 30, 2019 164.33 Mn
Jun 30, 2019 165.60 Mn
Mar 31, 2019 165.34 Mn
Dec 31, 2018 165.35 Mn
Sep 30, 2018 164.23 Mn
Jun 30, 2018 166.33 Mn
Mar 31, 2018 166.92 Mn
Dec 31, 2017 166.36 Mn
Sep 30, 2017 166.69 Mn
Jun 30, 2017 165.42 Mn
Mar 31, 2017 166.47 Mn
Dec 31, 2016 165.18 Mn
Sep 30, 2016 164.97 Mn
Jun 30, 2016 165.02 Mn
Mar 31, 2016 164.28 Mn
Dec 31, 2015 167.29 Mn
Sep 30, 2015 168.20 Mn
Jun 30, 2015 168.72 Mn
Mar 31, 2015 168.99 Mn
Dec 31, 2014 168.93 Mn
Sep 30, 2014 168.59 Mn
Jun 30, 2014 169.49 Mn
Mar 31, 2014 169.60 Mn
Dec 31, 2013 166.93 Mn
Sep 30, 2013 167.34 Mn
Jun 30, 2013 166.37 Mn
Mar 31, 2013 165.70 Mn
Dec 31, 2012 168.25 Mn
Sep 30, 2012 169.52 Mn
Jun 30, 2012 171.16 Mn
Mar 31, 2012 172.96 Mn
Dec 31, 2011 176.33 Mn
Sep 30, 2011 176.62 Mn
Jun 30, 2011 176.37 Mn
Mar 31, 2011 176.09 Mn
Dec 31, 2010 202.98 Mn
Sep 30, 2010 205.56 Mn
Jun 30, 2010 205.52 Mn
Dec 31, 2009 204.70 Mn