Nasdaq, Inc.NDAQNASDAQ
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Operating Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+27.5%
5Y CAGR+17.8%
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
+27.5%/yr
vs +5.4%/yr prior
5Y CAGR
+17.8%/yr
Recent acceleration
Acceleration
+22.1pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.3x
Strong expansion
Streak
3 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$1.61B+35.0%
2024$1.19B+23.0%
2023$968.00M+24.9%
2022$775.00M-2.0%
2021$791.00M+11.7%
2020$708.00M+9.4%
2019$647.00M+3.2%
2018$627.00M+5.9%
2017$592.00M-5.9%
2016$629.00M-