Filing Flows › Nasdaq (NDAQ) › Operating margin
Nasdaq (NDAQ) operating margin by quarter
Nasdaq's operating margin was 30.6% in Q3 2026 (third quarter 2026), +2.5 pts from Q2 2026. Over the last 7 quarters it ranged from 26.1% (Q1 2025) to 30.7% (Q1 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 30.6% | +2.5 pts | +1.0 pts |
| Q2 2026 | 28.1% | -2.6 pts | +1.1 pts |
| Q1 2026 | 30.7% | +0.6 pts | +4.6 pts |
| Q4 2025 | 30.1% | +0.5 pts | — |
| Q3 2025 | 29.6% | +2.6 pts | — |
| Q2 2025 | 27.0% | +0.9 pts | — |
| Q1 2025 | 26.1% | — | — |
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 operating margin?
Nasdaq's operating margin was 30.6% in Q3 2026 (third quarter 2026), +2.5 pts from Q2 2026.
How has Nasdaq's operating margin changed?
Over the last 7 quarters it ranged from 26.1% (Q1 2025) to 30.7% (Q1 2026).