Nasdaq, Inc.NDAQNASDAQ
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Cost of Revenue Over TimeStrong
Percentile Rank93
3Y CAGR+3.3%
5Y CAGR+3.0%
Year-over-Year Change

Direct costs attributable to producing goods sold

3Y CAGR
+3.3%/yr
vs +10.3%/yr prior
5Y CAGR
+3.0%/yr
Consistent
Acceleration
-7.1pp
Decelerating
Percentile
P93
Near historical high
vs 5Y Ago
1.2x
Modest growth
Streak
1 yr
Consecutive declineStrong
PeriodValueYoY Change
2025$4.28B-3.0%
2024$4.41B+25.4%
2023$3.52B-9.5%
2022$3.89B+6.4%
2021$3.65B-0.8%
2020$3.68B+42.0%
2019$2.59B-1.1%
2018$2.62B+10.9%
2017$2.37B+5.6%
2016$2.24B-