Nasdaq (NDAQ) Total Liabilities (2009 - 2026)
Nasdaq's (NDAQ) quarterly Total Liabilities came in at $15.3 billion in Q1 2026, down 20.06% year-on-year from $19.1 billion in Q1 2025, and down 18.9% quarter-over-quarter from $18.8 billion in Q4 2025.
Nasdaq (NDAQ) Total Liabilities (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Total Liabilities across 18 years of filings, most recently posting $15.3 billion for Q1 2026.
- Total Liabilities for Q1 2026 came in at $15.3 billion, down 20.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $15.3 billion (down 20.06% YoY), and the FY2025 annual result was $18.8 billion, down 1.95% from the prior year.
- Total Liabilities came in at $15.3 billion for Q1 2026 at Nasdaq, down from $18.8 billion in the prior quarter.
- In the past five years, Total Liabilities ranged from a high of $21.5 billion in Q4 2023 to a low of $14.6 billion in Q1 2023.
- The 5-year median for Total Liabilities is $18.6 billion (2025), against an average of $17.9 billion.
- Across the five-year window, Total Liabilities soared 48.03% in 2022 and decreased 20.06% in 2026, its largest moves.
- Nasdaq's Total Liabilities stood at $14.7 billion in 2022, then surged by 45.99% to $21.5 billion in 2023, then retreated by 10.58% to $19.2 billion in 2024, then declined by 1.95% to $18.8 billion in 2025, then slipped by 18.9% to $15.3 billion in 2026.
- The last three Total Liabilities figures came in at $15.3 billion (Q1 2026), $18.8 billion (Q4 2025), and $18.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 24.59 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 175.38 Bn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 11.59 Bn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 149.62 Bn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 15.26 Bn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | 15.37 Bn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 8.32 Bn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 5.70 Bn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 7.13 Bn |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | 2.09 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 12.04 Bn |
| Jun 30, 2021 | 11.31 Bn |