Nasdaq (NDAQ) Times Interest Earned (2009 - 2026)
Nasdaq's Times Interest Earned came in at 8.51 for Q3 2026, up 26.4% from 6.74 a year earlier and up 2.8% from the prior quarter.
Powered by 
Analysis
Nasdaq (NDAQ) Times Interest Earned (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Nasdaq reported Times Interest Earned of 7.87, up 34.4% year-over-year; for FY2025, it came in at 6.35, up 46.2% from FY2024.
- Going back by year, Times Interest Earned was 4.34 in FY2024 (-21.8%), 5.56 in FY2023 (-54.2%), 12.12 in FY2022 (+5.2%) and 11.53 in FY2021 (-5.6%).
- The Q3 2026 figure represents the highest quarterly Times Interest Earned since Q2 2023.
- Year-over-year, Times Interest Earned has increased for nine consecutive quarters, with growth averaging 43.0% over the last eight quarters.
- The fastest year-over-year change in Times Interest Earned over five years came in Q4 2024 (growth of 59.5%), and the weakest in Q4 2023 (a decline of 69.7%).
- Business Quant data shows NDAQ's Times Interest Earned at 8.28 (Q2 2026), 7.55 (Q1 2026) and 7.15 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 26.24 |
| 2 | Bank of New York Mellon | 101.69 Bn | 35.78 Bn | - | 1.51 |
| 3 | Intercontinental Exchange | 98.41 Bn | 92.22 Bn | 1.22 Bn | 6.35 |
| 4 | Robinhood Markets | 73.28 Bn | 52.89 Bn | - | 3.99 |
| 5 | Nasdaq | 61.44 Bn | 58.88 Bn | 1.48 Bn | 8.51 |
| 6 | State Street | 46.84 Bn | 43.46 Bn | - | 1.68 |
| 7 | Cboe Global Markets | 38.04 Bn | 28.52 Bn | 712.20 Mn | 40.79 |
| 8 | Interactive Brokers | 35.16 Bn | 18.81 Bn | - | 2.17 |
| 9 | Northern Trust | 32.22 Bn | 32.22 Bn | - | 1.57 |
| 10 | Tradeweb Markets | 30.09 Bn | 22.61 Bn | - | 485.50 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.51 |
| Jun 30, 2026 | 8.28 |
| 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 | 3.21 |
| 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 |
API Access
Nasdaq Times Interest Earned 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=times-interest-earned&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "times-interest-earned", "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=times-interest-earned&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();