Nasdaq (NDAQ) operating expenses was $2.9B in FY2025 (+5% YoY). The tables below show the complete quarterly and annual operating expenses history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Operating Expenses
Fiscal Year
Operating Expenses
YoY
2025
$2.9B
+5%
2024
$2.7B
+22%
2023
$2.2B
+12%
2022
$2.0B
+3%
2021
$1.9B
+20%
2020
$1.6B
+10%
2019
$1.5B
-1%
2018
$1.5B
+5%
2017
$1.4B
+2%
2016
$1.4B
+17%
2015
$1.2B
-9%
2014
$1.3B
+10%
2013
$1.2B
+27%
2012
$940M
-5%
2011
$994M
+12%
2010
$885M
+4%
2009
$850M
+4%
2008
$820M
Recent Quarterly Operating Expenses
Quarter
Operating Expenses
Q2 2026
$774M
Q1 2026
$739M
Q4 2025
$748M
Q3 2025
$717M
Q2 2025
$729M
Q1 2025
$685M
Q4 2024
$697M
Q3 2024
$676M
Q2 2024
$680M
Q1 2024
$681M
Q4 2023
$733M
Q3 2023
$492M
Source: NDAQ on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.