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NASDAQ, INC. Total Operating Expenses 2008-2026 | NDAQ

Annual FY2008–FY2025 · quarterly through Q2 FY2026

Latest annual · FY2025

$2.92B

+2.4%YoY vs FY2024Source: 10-KFY2025

From $820.0M in FY2008 to $2.92B in FY2025: 3.6× in 17 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$750M+8.7%$788M+6.8%Not reportedNot reported
FY25$690M−2.4%$738M+0.3%$729M+4.4%$761M+7.2%
FY24$707M+40.8%$736M+35.5%$698M+37.1%$710M−6.9%
FY23$502M+3.1%$543M+12.9%$509M+3.5%$763M+36.7%
FY22$487M+0.2%$481M+2.3%$492M+2.1%$558M+3.1%
Share24%24%24%27%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+11.8%

FY2020
$1.67B
FY2025
$2.92B

5 years selected · on the chart

01—History

Total Operating Expenses History

Year-over-year comparison from 10-K annual reports

  18. $2.92B
YoY changeLargest recent move+23.0%in FY24Latest +2.4%

02—Ledger

Total Operating Expenses, period by period

PeriodValueChangeSource
FY2025$2.92B+2.4%10-K
FY2024$2.85B+23.0%10-K
FY2023$2.32B+14.8%10-K
FY2022$2.02B+2.0%10-K
FY2021$1.98B+18.6%10-K
FY2020$1.67B+9.9%10-K
FY2019$1.52B+1.3%10-K
FY2018$1.50B+5.5%10-K
FY2017$1.42B−1.4%10-K
FY2016$1.44B+5.1%10-K
FY2015$1.37B+4.3%10-K
FY2014$1.31B+8.8%10-K
FY2013$1.21B+22.7%10-K
FY2012$984.0M−1.0%10-K
FY2011$994.0M+12.3%10-K
FY2010$885.0M+4.1%10-K
FY2009$850.0M+3.7%10-K
FY2008$820.0M—10-K

03—Questions

What is total operating expenses?

Total operating expenses include all costs related to running the core business, including cost of goods sold, R&D, and SG&A.

What is NASDAQ, INC.'s current total operating expenses?

NASDAQ, INC. (NDAQ) annual total operating expenses for 2025 was $2.92B, a 2.35% increase from 2024. NASDAQ, INC. total operating expenses for the quarter ending June 30, 2026 was $788.0M.

What was NASDAQ, INC.'s total operating expenses in 2024?

NASDAQ, INC. annual total operating expenses for 2024 was $2.85B, a 23.05% increase from 2023.

What was NASDAQ, INC.'s total operating expenses in 2023?

NASDAQ, INC. annual total operating expenses for 2023 was $2.32B, a 14.82% increase from 2022.

What is NASDAQ, INC.'s 5-year total operating expenses CAGR?

NASDAQ, INC. total operating expenses grew at a compound annual growth rate (CAGR) of 11.82% from FY2020 to FY2025, going from $1.67B to $2.92B over 5 years.

Company
NASDAQ, INC.
Ticker
NDAQ
Sector
Other
Industry
Security & Commodity Brokers, Dealers, Exchanges & Services
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