Nasdaq (NDAQ) Wages, Salaries and Other (2009 - 2026)
Nasdaq (NDAQ) posted Wages, Salaries and Other of $379 million for Q3 2026, up 7.4% from $353 million a year earlier but down 1.0% from the prior quarter.
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Analysis
Nasdaq (NDAQ) Wages, Salaries and Other (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Wages, Salaries and Other at Nasdaq was $1.48 billion, up 8.8% year-over-year; for FY2025, it was $1.39 billion, up 5.1% from FY2024.
- Annual Wages, Salaries and Other has increased for six consecutive years, with a five-year compound annual growth rate of 12.1% (FY2020 to FY2025).
- In prior years, Nasdaq's Wages, Salaries and Other was $1.32 billion in FY2024 (+22.4%), $1.08 billion in FY2023 (+7.9%), $1 billion in FY2022 (+6.9%) and $938 million in FY2021 (+19.3%).
- Quarterly Wages, Salaries and Other has run from a low of $238 million in Q4 2021 to a high of $383 million in Q2 2026 over five years.
- On a year-over-year basis, Wages, Salaries and Other has increased in each of the last six quarters, with growth averaging 6.5% over the last eight quarters.
- The strongest year-over-year quarter for Wages, Salaries and Other in the past five years was Q1 2024, with growth of 32.8%; the weakest was Q1 2025, with a decline of 3.2%.
- According to Business Quant data, Wages, Salaries and Other for the three prior quarters was $383 million (Q2 2026), $356 million (Q1 2026) and $359 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Wages (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.27 Bn | 97.61 Bn | - | 234.30 Mn |
| 2 | Bank of New York Mellon | 98.55 Bn | 37.92 Bn | - | 1.79 Bn |
| 3 | Intercontinental Exchange | 91.26 Bn | 85.07 Bn | - | 509.00 Mn |
| 4 | Robinhood Markets | 85.47 Bn | 66.56 Bn | - | - |
| 5 | Nasdaq | 57.27 Bn | 54.71 Bn | 1.48 Bn | 379.00 Mn |
| 6 | State Street | 46.11 Bn | 46.11 Bn | - | 1.29 Bn |
| 7 | Interactive Brokers | 36.17 Bn | 29.63 Bn | - | 182.00 Mn |
| 8 | Cboe Global Markets | 35.59 Bn | 27.25 Bn | 731.60 Mn | 154.70 Mn |
| 9 | Northern Trust | 30.73 Bn | 30.73 Bn | - | 868.00 Mn |
| 10 | Tradeweb Markets | 28.70 Bn | 21.41 Bn | - | 172.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 379.00 Mn |
| Jun 30, 2026 | 383.00 Mn |
| Mar 31, 2026 | 356.00 Mn |
| Dec 31, 2025 | 359.00 Mn |
| Sep 30, 2025 | 353.00 Mn |
| Jun 30, 2025 | 352.00 Mn |
| Mar 31, 2025 | 329.00 Mn |
| Dec 31, 2024 | 324.00 Mn |
| Sep 30, 2024 | 332.00 Mn |
| Jun 30, 2024 | 328.00 Mn |
| Mar 31, 2024 | 340.00 Mn |
| Dec 31, 2023 | 305.00 Mn |
| Sep 30, 2023 | 260.00 Mn |
| Jun 30, 2023 | 261.00 Mn |
| Mar 31, 2023 | 256.00 Mn |
| Dec 31, 2022 | 253.00 Mn |
| Sep 30, 2022 | 249.00 Mn |
| Jun 30, 2022 | 247.00 Mn |
| Mar 31, 2022 | 254.00 Mn |
| Dec 31, 2021 | 238.00 Mn |
API Access
Nasdaq Wages, Salaries and Other 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=wages-salaries-and-other&ticker=NDAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "wages-salaries-and-other", "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=wages-salaries-and-other&ticker=NDAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();