What is Nasdaq, Inc.'s interest expense?

Nasdaq, Inc. (NDAQ) reported interest expense of $87M in Q1 2026.

How has Nasdaq, Inc.'s interest expense changed year-over-year?

Nasdaq, Inc.'s interest expense decreased by 9.4% year-over-year, from $96M to $87M.

What is the long-term trend for Nasdaq, Inc.'s interest expense?

Over 4 years (2021 to 2025), Nasdaq, Inc.'s interest expense has grown at a 30.8% compound annual growth rate (CAGR), from $125M to $366M.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

Nasdaq, Inc. NDAQ Interest Expense

Interest Expense at other companies

S&P GlobalSPGI

$96M+23.1%

BGC Group, Inc.BGC

$32.45M+31.6%

Cboe Global MarketsCBOE

$13.3M+3.9%

MSCIMSCI

$69.1M+48.6%

Intercontinental ExchangeICE

$203M-1.5%

Tradeweb Markets Inc.TW

$624K+6.3%

Other financials

Income statement

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Revenue$2.1B+2.0%

Gross profit$1.4B+13.7%

Operating income$657.0M+20.1%

Net income$519.0M+31.4%

EPS (diluted)$0.91+33.8%

Balance sheet

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Cash & equivalents$1.1B-76.0%

Total debt$9.9B-2.2%

Total equity$12.0B+4.2%

Total assets$27.3B-10.9%

Cash flow

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Operating cash flow$689.0M+3.9%

CapEx$60.0M+22.4%

Free cash flow$629.0M+2.4%

Valuation

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Market cap$43.91B-11.2%

Enterprise value$52.73B-3.9%

P/E23×-15.7×

P/S5.3×-1.0×

Profitability

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Gross margin65.2%+4.2pp

Operating margin29.4%+4.6pp

Net margin23%+6.7pp

FCF margin24.1%+0.4pp

Returns & leverage

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Return on equity16.2%+4.8pp

Debt / equity0.8×-0.1×

Current ratio1×0.0×

Where this comes from

Reported directly by Nasdaq, Inc. in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseNonoperating.

The official record: Nasdaq, Inc.’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nasdaq, Inc.'s interest expense?: Nasdaq, Inc. (NDAQ) reported interest expense of $87M in Q1 2026.
How has Nasdaq, Inc.'s interest expense changed year-over-year?: Nasdaq, Inc.'s interest expense decreased by 9.4% year-over-year, from $96M to $87M.
What is the long-term trend for Nasdaq, Inc.'s interest expense?: Over 4 years (2021 to 2025), Nasdaq, Inc.'s interest expense has grown at a 30.8% compound annual growth rate (CAGR), from $125M to $366M.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.