Nasdaq (NDAQ) Total Liabilities (2009 - 2026)
Nasdaq (NDAQ) reported Total Liabilities of $15.38 billion for Q3 2026, down 17.4% from $18.62 billion a year earlier but up 0.2% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Total Liabilities (2009 - 2026) Analysis & Trends
At the end of FY2025, Nasdaq posted Total Liabilities of $18.82 billion, down 1.9% from FY2024.
- Total Liabilities has a five-year compound annual growth rate of 10.3% (FY2020 to FY2025).
- By year, Total Liabilities came in at $19.2 billion in FY2024 (-10.6%), $21.47 billion in FY2023 (+46.0%), $14.7 billion in FY2022 (+7.3%) and $13.71 billion in FY2021 (+18.8%).
- Five-year quarterly Total Liabilities spans a low of $13.71 billion in Q4 2021 and a high of $21.47 billion in Q4 2023.
- Year over year, Total Liabilities has now declined in each of the last eight quarters, with an average decline of 9.7% over the last eight quarters.
- The high point for year-over-year Total Liabilities in five years was Q2 2022 (growth of 48.0%); the low point was Q1 2026 (a decline of 20.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $15.35 billion (Q2 2026), $15.26 billion (Q1 2026) and $18.82 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | 165.53 Bn |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | 449.94 Bn |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 147.08 Bn |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 48.19 Bn |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 15.38 Bn |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | - |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 5.30 Bn |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 219.98 Bn |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 153.91 Bn |
| 10 | Tradeweb Markets | 26.89 Bn | 18.69 Bn | - | 1.10 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.38 Bn |
| Jun 30, 2026 | 15.35 Bn |
| Mar 31, 2026 | 15.26 Bn |
| Dec 31, 2025 | 18.82 Bn |
| Sep 30, 2025 | 18.62 Bn |
| Jun 30, 2025 | 18.57 Bn |
| Mar 31, 2025 | 19.09 Bn |
| Dec 31, 2024 | 19.20 Bn |
| Sep 30, 2024 | 19.48 Bn |
| Jun 30, 2024 | 19.30 Bn |
| Mar 31, 2024 | 19.45 Bn |
| Dec 31, 2023 | 21.47 Bn |
| Sep 30, 2023 | 17.87 Bn |
| Jun 30, 2023 | 19.41 Bn |
| Mar 31, 2023 | 14.60 Bn |
| Dec 31, 2022 | 14.70 Bn |
| Sep 30, 2022 | 17.06 Bn |
| Jun 30, 2022 | 16.75 Bn |
| Mar 31, 2022 | 14.80 Bn |
| Dec 31, 2021 | 13.71 Bn |
API Access
Nasdaq Total Liabilities 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-liabilities&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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-liabilities&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();