Nasdaq (NDAQ) Tax Provisions (2009 - 2026)
Nasdaq (NDAQ) recorded Tax Provisions of $162 million in Q3 2026, up 52.8% from $106 million a year earlier and up 11.0% from the prior quarter.
Powered by 
Analysis
Nasdaq (NDAQ) Tax Provisions (2009 - 2026) Analysis & Trends
On a TTM basis, Nasdaq's Tax Provisions came in at $528 million as of Sep 30, 2026, up 39.3% year-over-year; for FY2025, it came in at $358 million, up 7.2% from FY2024.
- Annual Tax Provisions has a five-year compound annual growth rate of 5.1% (FY2020 to FY2025).
- Across earlier years, Tax Provisions came in at $334 million in FY2024 (-2.9%), $344 million in FY2023 (-2.3%), $352 million in FY2022 (+1.4%) and $347 million in FY2021 (+24.4%).
- The Q3 2026 figure is the highest quarterly Tax Provisions since Q4 2018.
- On a year-over-year basis, Tax Provisions has increased for three consecutive quarters, with growth averaging 32.2% over the last eight quarters.
- Peak year-over-year performance for Tax Provisions in the last five years was growth of 107.8% in Q3 2025, against a decline of 47.4% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $146 million (Q2 2026), $158 million (Q1 2026) and $62 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 317.90 Mn |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | 499.00 Mn |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 286.00 Mn |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | 149.00 Mn |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 162.00 Mn |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | 298.00 Mn |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 126.30 Mn |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | 148.00 Mn |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | 153.60 Mn |
| 10 | Tradeweb Markets | 27.14 Bn | 18.94 Bn | - | 65.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 162.00 Mn |
| Jun 30, 2026 | 146.00 Mn |
| Mar 31, 2026 | 158.00 Mn |
| Dec 31, 2025 | 62.00 Mn |
| Sep 30, 2025 | 106.00 Mn |
| Jun 30, 2025 | 96.00 Mn |
| Mar 31, 2025 | 93.00 Mn |
| Dec 31, 2024 | 84.00 Mn |
| Sep 30, 2024 | 51.00 Mn |
| Jun 30, 2024 | 119.00 Mn |
| Mar 31, 2024 | 79.00 Mn |
| Dec 31, 2023 | 82.00 Mn |
| Sep 30, 2023 | 97.00 Mn |
| Jun 30, 2023 | 70.00 Mn |
| Mar 31, 2023 | 95.00 Mn |
| Dec 31, 2022 | 82.00 Mn |
| Sep 30, 2022 | 88.00 Mn |
| Jun 30, 2022 | 90.00 Mn |
| Mar 31, 2022 | 91.00 Mn |
| Dec 31, 2021 | 55.00 Mn |
API Access
Nasdaq Tax Provisions 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=tax-provisions&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();