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Nasdaq, Inc. (NDAQ) Operating Margin: 29.53%

Is Nasdaq, Inc.’s operating margin high or low?

Nasdaq, Inc.'s operating margin of 29.53% is 18% above its 5-year average of 25.04%, near the high end of its 5-year range (21.94%–29.53%).

As of Thursday, June 18, 2026. 12.15% above its 12-month average of 26.33%.

NDAQ Operating Margin Chart

NDAQ Operating Margin
28.36%+16.71% 1Y
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NDAQ Average Operating Margin Chart

NDAQ Current vs Average Operating Margin Chart

NDAQ Operating Margin Metrics

OPERATING MARGIN

29.53%

OPERATING MARGIN AVG TTM

26.33%

OPERATING MARGIN AVG 3Y

25.95%

OPERATING MARGIN AVG 5Y

25.04%

OPERATING MARGIN AVG 10Y

24.27%

OPERATING MARGIN AVG 15Y

23.25%

OPERATING MARGIN AVG 20Y

22.23%

CURRENT VS TTM AVG

+12.15%

CURRENT VS 3Y AVG

+13.80%

CURRENT VS 5Y AVG

+17.95%

CURRENT VS 10Y AVG

+21.67%

CURRENT VS 15Y AVG

+26.99%

CURRENT VS 20Y AVG

+32.86%

NDAQ Competitors' Operating Margin

NAMEMARKET CAPOPERATING MARGINTTM3Y5Y
Nasdaq, Inc. (NDAQ)$46.28B29.53%26.33%25.95%25.04%
State Street Corporation (STT)vs ›$47.70B17.05%15.97%17.22%19.88%
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs ›$44.57BN/AN/AN/AN/A
Coinbase Global, Inc. (COIN)vs ›$43.01B0.43%27.57%-8.73%6.06%
Ares Management Corporation (ARES)vs ›$42.48B22.90%25.79%21.14%20.23%
MSCI Inc. (MSCI)vs ›$42.31B55.36%54.09%54.16%53.56%
Ameriprise Financial, Inc. (AMP)vs ›$42.31B27.39%25.58%25.51%24.31%
Discover Financial Services (DFS)vs ›$50.34B34.55%60.11%58.92%47.02%
American International Group, Inc. (AIG)vs ›$39.25B14.66%14.34%12.87%10.09%
Arthur J. Gallagher & Co. (AJG)vs ›$55.00B18.17%19.02%19.00%17.85%

Operating Efficiency

Gross Margin

54.8%

Operating Margin

29.5%

Nasdaq, Inc. Operating Margin Formula & Definition

Operating Margin = Operating Income / Revenue

Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Nasdaq, Inc. Operating Margin FAQ

What is the operating margin for Nasdaq, Inc. (NDAQ)?
The operating margin for NDAQ stock is 29.53%.
Is Nasdaq, Inc.'s operating margin high or low?
Nasdaq, Inc.'s operating margin of 29.53% is 18% above its 5-year average of 25.04%, near the high end of its 5-year range (21.94%–29.53%).
What is the TTM average operating margin for Nasdaq, Inc. (NDAQ)?
The TTM average operating margin for NDAQ stock is 26.33%.
What is the 3Y average operating margin for Nasdaq, Inc. (NDAQ)?
The 3Y average operating margin for NDAQ stock is 25.95%.
What is the 5Y average operating margin for Nasdaq, Inc. (NDAQ)?
The 5Y average operating margin for NDAQ stock is 25.04%.
What is the 10Y average operating margin for Nasdaq, Inc. (NDAQ)?
The 10Y average operating margin for NDAQ stock is 24.27%.
What is the 15Y average operating margin for Nasdaq, Inc. (NDAQ)?
The 15Y average operating margin for NDAQ stock is 23.25%.
What is the 20Y average operating margin for Nasdaq, Inc. (NDAQ)?
The 20Y average operating margin for NDAQ stock is 22.23%.

Nasdaq, Inc. Operating Margin History

DATEOPERATING MARGIN
2025-12-3128.36%
2024-12-3124.30%
2023-12-3126.02%
2022-12-3125.12%
2021-12-3124.48%
2020-12-3121.94%
2019-12-3123.88%
2018-12-3124.04%
2017-12-3125.10%
2016-12-3122.57%
2015-12-3121.16%
2014-12-3121.54%
2013-12-3121.43%
2012-12-3122.12%
2011-12-3120.24%
2010-12-3119.77%
2009-12-3117.68%
2008-12-3117.53%
2007-12-3115.01%
2006-12-3112.91%
2005-12-3112.92%
2004-12-311.51%
2003-12-31-9.72%
2002-12-3114.21%
2001-12-317.13%
2000-12-3123.54%
1999-12-3121.21%
1998-12-3111.90%

About Nasdaq, Inc.

Nasdaq, Inc., a technology powerhouse founded in 1971 and based in New York City, is dedicated to supporting capital markets and various other sectors worldwide. Its Market Technology division specializes in fighting financial crime, offering products like Nasdaq Trade Surveillance, a SaaS solution that assists brokers and market participants in meeting compliance requirements and internal surveillance policies. This segment also provides Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool, and Verafin, a SaaS provider for anti-financial crime management. Furthermore, this division handles a wide array of assets, including cash equities, equity derivatives, global currencies, interest-bearing securities, commodities, energy resources, and digital currencies. The Investment Intelligence segment is responsible for distributing both historical and live market data, creating and licensing Nasdaq-branded financial indexes and products, and delivering valuable investment insights and workflow solutions. Through its Corporate Platforms, Nasdaq manages operational listing venues and furnishes specialized intelligence for investor relations, alongside comprehensive governance services. The Market Services segment covers a broad spectrum of operations, including the trading and clearing of equity derivatives, cash equities, fixed income, and commodities, in addition to providing trade management services. This division operates numerous exchanges and marketplace facilities that accommodate diverse asset classes such as derivatives, commodities, cash equity, debt, structured products, and exchange-traded products, while also offering crucial broker, clearing, settlement, and central depository functionalities. As of December 31, 2021, The Nasdaq Stock Market proudly listed 4,178 companies, specifically 1,632 on The Nasdaq Global Select Market, 1,169 on The Nasdaq Global Market, and 1,377 on The Nasdaq Capital Market. The company adopted its current name, Nasdaq, Inc., in September 2015, having previously been known as The NASDAQ OMX Group, Inc.

New York City, NY
9,377 employees
Financial Services / Financial - Data & Stock Exchanges
Sector
Financial Services
Industry
Financial - Data & Stock Exchanges
CEO
Adena T. Friedman