KPIs & Operating Metrics(New)
Growth Metrics

Nasdaq (NDAQ) Times Interest Earned (2009 - 2026)

Nasdaq recorded quarterly Times Interest Earned of $7.55 in Q1 2026, up 5.65% quarter-over-quarter from $7.15 in Q4 2025, and up 32.53% year-over-year from $5.7 in Q1 2025.

Nasdaq's Times Interest Earned history runs 18 years deep, the most recent figure standing at $7.55 for Q1 2026.

  • In Q1 2026, Times Interest Earned rose 32.53% year-over-year to $7.55; the TTM figure through Mar 2026 stood at $6.83 (up 41.64% YoY), while the FY2025 annual figure was $6.35, up 46.25% from the prior year.
  • Times Interest Earned came in at $7.55 for Q1 2026 at Nasdaq, up from $7.15 in the prior quarter.
  • In the past five years, Times Interest Earned ranged from a high of $12.88 in Q2 2022 to a low of $0.5 in Q4 2023.
  • A 5-year average of $7.41 and a median of $6.74 in 2025 frame the typical range for Times Interest Earned.
  • Across the five-year window, Times Interest Earned plunged 95.27% in 2023 and surged 923.76% in 2024, its largest moves.
  • Nasdaq's Times Interest Earned stood at $10.58 in 2022, then slumped by 95.27% to $0.5 in 2023, then soared by 923.76% to $5.12 in 2024, then soared by 39.64% to $7.15 in 2025, then grew by 5.65% to $7.55 in 2026.
  • According to Business Quant data, Times Interest Earned over the past three periods registered $7.55, $7.15, and $6.74 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Times Interest Earned (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn 20.85
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn 30.04
3 Intercontinental Exchange 83.83 Bn 82.37 Bn - 8.20
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn -
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn 7.55
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn -0.95
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn 6.61
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn 38.02
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn 3.95
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn 14.16

Historic Data

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DateValue
Mar 31, 2026 7.55
Dec 31, 2025 7.15
Sep 30, 2025 6.74
Jun 30, 2025 5.98
Mar 31, 2025 5.70
Dec 31, 2024 5.12
Sep 30, 2024 4.39
Jun 30, 2024 4.15
Mar 31, 2024 3.80
Dec 31, 2023 0.50
Sep 30, 2023 4.27
Jun 30, 2023 10.61
Mar 31, 2023 11.44
Dec 31, 2022 10.58
Sep 30, 2022 12.44
Jun 30, 2022 12.88
Mar 31, 2022 12.66
Dec 31, 2021 11.47
Sep 30, 2021 10.79
Jun 30, 2021 11.39
Mar 31, 2021 12.59
Dec 31, 2020 13.25
Sep 30, 2020 13.58
Jun 30, 2020 12.12
Mar 31, 2020 10.58
Dec 31, 2019 9.63
Sep 30, 2019 7.79
Jun 30, 2019 8.26
Mar 31, 2019 7.43
Dec 31, 2018 6.34
Sep 30, 2018 6.47
Jun 30, 2018 7.27
Mar 31, 2018 7.18
Dec 31, 2017 6.69
Sep 30, 2017 7.71
Jun 30, 2017 6.72
Mar 31, 2017 6.65
Dec 31, 2016 1.11
Sep 30, 2016 6.30
Jun 30, 2016 5.44
Mar 31, 2016 7.82
Dec 31, 2015 0.82
Sep 30, 2015 0.43
Jun 30, 2015 0.41
Mar 31, 2015 0.36
Dec 31, 2014 5.97
Sep 30, 2014 7.14
Jun 30, 2014 6.37
Mar 31, 2014 6.13
Dec 31, 2013 7.93
Sep 30, 2013 6.31
Jun 30, 2013 6.12
Mar 31, 2013 3.75
Dec 31, 2012 7.25
Sep 30, 2012 7.08
Jun 30, 2012 7.29
Mar 31, 2012 7.13
Dec 31, 2011 6.15
Sep 30, 2011 6.50
Jun 30, 2011 5.10
Mar 31, 2011 5.72
Dec 31, 2010 6.73
Sep 30, 2010 6.60
Jun 30, 2010 6.88
Mar 31, 2010 4.48
Dec 31, 2009 5.92
Sep 30, 2009 5.04
Jun 30, 2009 6.36