Nasdaq profit margin NDAQ
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 22.5%
- Operating margin, 12 months
- 29.5%
- Net margin on a year earlier
- +3.9 pts
- Peer median
- 30.1%
Over the twelve months to Jun 30, 2026, Nasdaq kept 22.5% of its revenue as net profit, with an operating margin of 29.5% and a gross margin of 64.2%.
Five years earlier its net margin was 19.0%.
The median for 9 financial data and exchange stocks of a similar size is 30.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 21.6% | 28.1% | 63.4% |
| FY2024 | 15.1% | 24.3% | 62.8% |
| FY2023 | 17.5% | 26.0% | 64.2% |
| FY2022 | 18.1% | 25.1% | 57.5% |
| FY2021 | 20.1% | 24.5% | 58.1% |
| FY2020 | 16.6% | 21.9% | 51.6% |
| FY2019 | 18.2% | 23.9% | 59.5% |
| FY2018 | 10.7% | 24.1% | 59.0% |
| FY2017 | 18.5% | 25.1% | 61.1% |
| FY2016 | 2.9% | 22.7% | 61.5% |
| FY2015 | n/a | n/a | n/a |
| FY2014 | 11.8% | 21.6% | 59.0% |
| FY2013 | 12.0% | 21.5% | 59.0% |
| FY2012 | 11.3% | 22.1% | 53.7% |
| FY2011 | 11.3% | 20.3% | 49.1% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 22.5% | +3.9 pts | 29.5% | |
| Q1 FY26 | 23.0% | +6.6 pts | 29.3% | |
| Q4 FY25 | 21.6% | +6.5 pts | 28.1% | |
| Q3 FY25 | 19.9% | +6.2 pts | 27.1% | |
| Q2 FY25 | 18.6% | +4.1 pts | 25.6% | |
| Q1 FY25 | 16.3% | +0.4 pts | 24.7% | |
| Q4 FY24 | 15.1% | −2.4 pts | 24.3% | |
| Q3 FY24 | 13.7% | −4.7 pts | 23.3% | |
| Q2 FY24 | 14.4% | −3.7 pts | 24.6% | |
| Q1 FY24 | 16.0% | −2.4 pts | 25.4% | |
| Q4 FY23 | 17.5% | −0.6 pts | 26.0% | |
| Q3 FY23 | 18.4% | −0.3 pts | 26.2% |
Against its peers
Companies in Financial - Data & Stock Exchanges nearest Nasdaq's size, closest first, today.
| Company | Profit margin |
|---|---|
| NDAQNasdaq | 22.5% |
| MSCIMSCI | 40.7% |
| COINCoinbase Global | −15.7% |
| MCOMoody's | 34.3% |
| ICEIntercontinental Exchange | 30.1% |
| CBOECboe Global Markets | 26.7% |
| CMECME | 63.9% |
| SPGIS&P Global | 30.5% |
| TRUTransUnion | 15.1% |
| SNEXStoneX | 0.3% |
| Peer median | 30.1% |
Where Nasdaq ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Nasdaq
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.