Nasdaq, Inc.NDAQNASDAQ
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SG&A Expense Growth Under PressureDecelerating
Percentile Rank0
Year-over-Year Change

Year-over-year SG&A expense growth

Percentile
P0
Near historical low
vs 5Y Ago
-5x
Contraction
Streak
2 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-247.62%
Q3 2025-0.94%
Q2 202526.19%
Q1 2025-27.59%
Q4 202414.85%
Q3 2024-6.48%
Q2 20246.93%
Q1 2024-24.63%
Q4 202338.14%
Q3 20234.30%
Q2 2023-1.06%
Q1 2023-21.67%
Q4 202212.15%
Q3 20228.08%
Q2 20226.45%
Q1 2022-19.13%
Q4 2021-1.71%
Q3 202137.65%
Q2 20218.97%
Q1 2021-40.00%
Q4 202049.43%
Q3 20201.16%
Q2 2020-29.51%
Q1 202031.18%
Q4 2019-9.71%
Q3 2019-0.96%
Q2 201919.54%
Q1 2019-26.89%
Q4 201830.77%
Q3 2018-1.09%
Q2 2018-1.08%
Q1 2018-4.12%
Q4 201716.87%
Q3 2017-14.43%
Q2 201714.12%
Q1 2017-11.46%
Q4 20166.67%
Q3 201613.92%
Q2 20165.33%
Q1 201629.31%