Nasdaq (NDAQ) Total Debt (2009 - 2026)
Nasdaq's (NDAQ) quarterly Total Debt came in at $9.0 billion in Q1 2026, down 3.96% year-on-year from $9.3 billion in Q1 2025, and down 0.52% quarter-over-quarter from $9.0 billion in Q4 2025.
Nasdaq (NDAQ) Total Debt (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Total Debt across 18 years of filings, most recently posting $9.0 billion for Q1 2026.
- Total Debt for Q1 2026 came in at $9.0 billion, down 3.96% year-over-year; the trailing twelve-month figure through Mar 2026 was $9.0 billion (down 3.96% YoY), and the FY2025 annual result was $9.0 billion, down 5.02% from the prior year.
- Total Debt came in at $9.0 billion for Q1 2026 at Nasdaq, down from $9.0 billion in the prior quarter.
- In the past five years, Total Debt ranged from a high of $10.5 billion in Q4 2023 to a low of $5.1 billion in Q1 2023.
- The 5-year median for Total Debt is $9.2 billion (2025), against an average of $8.4 billion.
- Across the five-year window, Total Debt slipped 13.38% in 2023 and surged 95.52% in 2024, its largest moves.
- Nasdaq's Total Debt stood at $5.4 billion in 2022, then soared by 93.63% to $10.5 billion in 2023, then declined by 9.32% to $9.5 billion in 2024, then fell by 5.02% to $9.0 billion in 2025, then decreased by 0.52% to $9.0 billion in 2026.
- The last three Total Debt figures came in at $9.0 billion (Q1 2026), $9.0 billion (Q4 2025), and $9.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 13.32 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 3.42 Bn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 6.96 Bn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 20.37 Bn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 8.96 Bn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | 6.51 Bn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 6.40 Bn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 1.44 Bn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 5.61 Bn |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | 1.37 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.96 Bn |
| Dec 31, 2025 | 9.00 Bn |
| Sep 30, 2025 | 9.10 Bn |
| Jun 30, 2025 | 9.18 Bn |
| Mar 31, 2025 | 9.33 Bn |
| Dec 31, 2024 | 9.48 Bn |
| Sep 30, 2024 | 9.86 Bn |
| Jun 30, 2024 | 9.80 Bn |
| Mar 31, 2024 | 9.99 Bn |
| Dec 31, 2023 | 10.45 Bn |
| Sep 30, 2023 | 9.70 Bn |
| Jun 30, 2023 | 9.93 Bn |
| Mar 31, 2023 | 5.11 Bn |
| Dec 31, 2022 | 5.40 Bn |
| Sep 30, 2022 | 5.37 Bn |
| Jun 30, 2022 | 5.72 Bn |
| Mar 31, 2022 | 5.90 Bn |
| Dec 31, 2021 | 5.83 Bn |
| Sep 30, 2021 | 5.93 Bn |
| Jun 30, 2021 | 5.70 Bn |