Nasdaq (NDAQ) Tax Rate (2009 - 2026)

Nasdaq (NDAQ) posted Tax Rate of 22.36% for Q2 2026, down 4.2% sequentially from 23.34% in Q1 2026, and up 484.0% YoY from 3.83% in Q2 2025.

Nasdaq (NDAQ) Tax Rate (2009 - 2026) Analysis & Trends

Nasdaq has reported Tax Rate for 18 years, with the latest figure at 22.36% in Q2 2026.

Quarterly Tax Rate rose 484.0% year-over-year to 22.36% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 19.35% (up 166.0% YoY) and the FY2025 annual result came in at 16.69%, down 636.0% from the prior year.
Tax Rate fell to 22.36% in Q2 2026 per NDAQ's latest filing, from 23.34% in the prior quarter.
Over five years, Tax Rate peaked at 34.9% in Q2 2024 and troughed at 10.69% in Q4 2025.
A 5-year average of 22.29% and a median of 22.85% in 2022 frame the typical range for Tax Rate.
The sharpest annual moves came in 2024 and 2025: Tax Rate soared 1413 bps in 2024, then plunged 1738 bps in 2025.
Over 5 years, Tax Rate stood at 25.47% in 2022, then rose by 16 bps to 29.5% in 2023, then plunged by 35 bps to 19.13% in 2024, then tumbled by 44 bps to 10.69% in 2025, then jumped by 109 bps to 22.36% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 22.36%, 23.34%, and 10.69% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	S&P Global	127.26 Bn	123.12 Bn	2.98 Bn	23.48%
2	Cme	99.13 Bn	99.13 Bn	1.65 Bn	21.53%
3	Intercontinental Exchange	90.95 Bn	88.99 Bn	-	24.24%
4	Moodys	87.63 Bn	86.13 Bn	1.67 Bn	24.94%
5	Nasdaq	55.45 Bn	54.73 Bn	1.50 Bn	22.36%
6	Coinbase Global	49.19 Bn	40.40 Bn	1.16 Bn	9.09%
7	Msci	41.09 Bn	40.73 Bn	717.10 Mn	18.04%
8	Cboe Global Markets	31.57 Bn	29.18 Bn	731.60 Mn	28.62%
9	TransUnion	16.37 Bn	15.54 Bn	765.00 Mn	27.20%
10	Factset Research Systems	10.82 Bn	10.52 Bn	310.73 Mn	17.78%

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