Filing Flows › Nasdaq (NDAQ) › Gross margin
Nasdaq (NDAQ) gross margin by quarter
Nasdaq's gross margin was 61.9% in Q3 2026 (third quarter 2026), +2.6 pts from Q2 2026. Over the last 7 quarters it ranged from 59.0% (Q1 2025) to 66.7% (Q4 2025).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 61.9% | +2.6 pts | -4.6 pts |
| Q2 2026 | 59.2% | -6.6 pts | -2.9 pts |
| Q1 2026 | 65.8% | -0.9 pts | +6.8 pts |
| Q4 2025 | 66.7% | +0.3 pts | — |
| Q3 2025 | 66.4% | +4.3 pts | — |
| Q2 2025 | 62.2% | +3.1 pts | — |
| Q1 2025 | 59.0% | — | — |
Q3 2026 at a glance
Nasdaq, Q3 2026: revenue $2.4B (+21% year over year), operating margin 30.6%, net earnings $539M, operating cash flow $521M. The chart follows the revenue to costs, profit and cash.
Questions
What is Nasdaq's gross margin?
Nasdaq's gross margin was 61.9% in Q3 2026 (third quarter 2026), +2.6 pts from Q2 2026.
How has Nasdaq's gross margin changed?
Over the last 7 quarters it ranged from 59.0% (Q1 2025) to 66.7% (Q4 2025).