Nasdaq (NDAQ) Total Debt (2009 - 2026)
Nasdaq (NDAQ) reported Total Debt of $8.74 billion for Q3 2026, down 3.9% from $9.1 billion a year earlier and down 0.2% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Nasdaq posted Total Debt of $9 billion, down 5.0% from FY2024.
- Total Debt has a five-year compound annual growth rate of 10.2% (FY2020 to FY2025).
- By year, Total Debt came in at $9.48 billion in FY2024 (-9.3%), $10.45 billion in FY2023 (+93.6%), $5.4 billion in FY2022 (-7.4%) and $5.83 billion in FY2021 (+5.2%).
- The Q3 2026 figure ranks as the lowest quarterly Total Debt since Q1 2023.
- Year over year, Total Debt has now declined in each of the last eight quarters, with an average decline of 5.9% over the last eight quarters.
- The high point for year-over-year Total Debt in five years was Q1 2024 (growth of 95.5%); the low point was Q1 2023 (a decline of 13.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $8.76 billion (Q2 2026), $8.96 billion (Q1 2026) and $9 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | 3.43 Bn |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | 41.16 Bn |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 23.30 Bn |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 2.66 Bn |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 8.74 Bn |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | - |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 1.44 Bn |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 18.00 Mn |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 11.97 Bn |
| 10 | Tradeweb Markets | 26.89 Bn | 18.69 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.74 Bn |
| Jun 30, 2026 | 8.76 Bn |
| 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 |
API Access
Nasdaq Total Debt 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=total-debt&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();