Nasdaq, Inc. (NDAQ) Operating Margin
- Operating margin · 12 months: Value 29.59%; Formula and calculation Operating income / revenue. Period ending 2026-06-30..
Operating margin
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Operating margin · 12 months | 29.59% | Operating income / revenue. Period ending 2026-06-30. $2.58B ÷ $8.74B × 100 ≈ 29.59% |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating income | 2.58B USD | Operating Income (Loss) |
| Revenue | 8.74B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Cost of products and services | 3.12B USD | Cost of Goods and Services Sold |
| Research and development | (m) | |
| Selling, general and administration | (m) |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Operating income (USD) | Revenue (USD) | Cost of products and services (USD) | Research and development (USD) | Selling, general and administration (USD) | Operating margin |
|---|---|---|---|---|---|---|
| 2026-06-30 | $2.58B | $8.74B | $3.12B | (m) | (m) | 29.59% |
| 2026-03-31 | $2.44B | $8.30B | $2.88B | (m) | (m) | 29.40% |
| 2025-12-31 | $2.33B | $8.26B | $3.01B | (m) | (m) | 28.21% |
| 2025-09-30 | $2.22B | $8.17B | $3.08B | (m) | (m) | 27.17% |
| 2025-06-30 | $2.08B | $8.11B | $3.20B | (m) | (m) | 25.64% |
| 2025-03-31 | $1.94B | $7.82B | $3.05B | (m) | (m) | 24.76% |
| 2024-12-31 | $1.80B | $7.40B | $2.75B | (m) | (m) | 24.30% |
| 2024-09-30 | $1.63B | $7.02B | $2.48B | (m) | (m) | 23.29% |
| 2024-06-30 | $1.62B | $6.57B | $2.23B | (m) | (m) | 24.62% |
| 2024-03-31 | $1.58B | $6.21B | $2.11B | (m) | (m) | 25.40% |
| 2023-12-31 | $1.58B | $6.06B | $2.17B | (m) | (m) | 26.02% |
| 2023-09-30 | $1.57B | $6.00B | (m) | (m) | (m) | 26.24% |
| 2023-06-30 | $1.54B | $6.11B | (m) | (m) | (m) | 25.24% |
| 2023-03-31 | $1.57B | $6.22B | (m) | (m) | (m) | 25.24% |
| 2022-12-31 | $1.56B | $6.23B | (m) | (m) | (m) | 25.12% |
| 2022-09-30 | $1.56B | $6.11B | (m) | (m) | (m) | 25.51% |
| 2022-06-30 | $1.52B | $5.91B | (m) | (m) | (m) | 25.67% |
| 2022-03-31 | $1.48B | $5.77B | (m) | (m) | (m) | 25.67% |
| 2021-12-31 | $1.44B | $5.89B | (m) | (m) | (m) | 24.48% |
| 2021-09-30 | $1.42B | $5.88B | (m) | (m) | (m) | 24.05% |
| 2021-06-30 | $1.39B | $5.94B | (m) | (m) | (m) | 23.32% |
| 2021-03-31 | $1.32B | $5.93B | (m) | (m) | (m) | 22.34% |
| 2020-12-31 | $1.23B | $5.63B | (m) | (m) | (m) | 21.93% |
| 2020-09-30 | $1.18B | $5.23B | (m) | (m) | (m) | 22.49% |
| 2020-06-30 | $1.08B | $4.91B | (m) | (m) | (m) | 21.90% |
| 2020-03-31 | $1.02B | $4.58B | (m) | (m) | (m) | 22.22% |
| 2019-12-31 | $1.02B | $4.26B | (m) | (m) | (m) | 23.86% |
| 2019-09-30 | $998.00M | $4.33B | (m) | (m) | (m) | 23.03% |
| 2019-06-30 | $1.02B | $4.20B | (m) | (m) | (m) | 24.24% |
| 2019-03-31 | $1.03B | $4.17B | (m) | (m) | (m) | 24.73% |
| 2018-12-31 | $1.03B | $4.28B | (m) | (m) | (m) | 24.04% |
| 2018-09-30 | $1.04B | $4.18B | (m) | (m) | (m) | 24.80% |
| 2018-06-30 | $1.05B | $4.18B | (m) | (m) | (m) | 25.17% |
| 2018-03-31 | $1.03B | $4.15B | (m) | (m) | (m) | 24.74% |
| 2017-12-31 | $999.00M | $3.96B | (m) | (m) | (m) | 25.20% |
| 2017-09-30 | $969.00M | $3.91B | (m) | (m) | (m) | 24.76% |
| 2017-06-30 | $938.00M | $3.87B | (m) | (m) | (m) | 24.22% |
| 2017-03-31 | $868.00M | $3.77B | (m) | (m) | (m) | 23.02% |
| 2016-12-31 | $839.00M | $3.71B | (m) | (m) | (m) | 22.65% |
| 2016-09-30 | $871.00M | $3.60B | (m) | (m) | (m) | 24.21% |
| 2016-06-30 | $869.00M | $3.54B | (m) | (m) | (m) | 24.55% |
| 2016-03-31 | $912.00M | $3.45B | (m) | (m) | (m) | 26.43% |
| 2015-12-31 | $720.00M | $3.40B | (m) | (m) | (m) | 21.16% |
| 2015-09-30 | $648.00M | $3.46B | (m) | (m) | (m) | 18.74% |
| 2015-06-30 | $623.00M | $3.40B | (m) | (m) | (m) | 18.30% |
| 2015-03-31 | $597.00M | $3.46B | (m) | (m) | (m) | 17.25% |
| 2014-12-31 | $754.00M | $3.50B | (m) | (m) | (m) | 21.54% |
| 2014-09-30 | $819.00M | $3.43B | (m) | (m) | (m) | 23.88% |
| 2014-06-30 | $814.00M | $3.42B | (m) | (m) | (m) | 23.83% |
| 2014-03-31 | $782.00M | $3.37B | (m) | (m) | (m) | 23.24% |
| 2013-12-31 | $688.00M | $3.21B | (m) | (m) | (m) | 21.43% |
| 2013-09-30 | $624.00M | $3.12B | (m) | (m) | (m) | 20.03% |
| 2013-06-30 | $593.00M | $3.06B | (m) | (m) | (m) | 19.40% |
| 2013-03-31 | $609.00M | $3.06B | (m) | (m) | (m) | 19.91% |
| 2012-12-31 | $690.00M | $3.12B | (m) | (m) | (m) | 22.12% |
| 2012-09-30 | $676.00M | $3.21B | (m) | (m) | (m) | 21.06% |
| 2012-06-30 | $701.00M | $3.41B | (m) | (m) | (m) | 20.55% |
| 2012-03-31 | $684.00M | $3.42B | (m) | (m) | (m) | 19.98% |
| 2011-12-31 | $696.00M | $3.44B | (m) | (m) | (m) | 20.24% |
| 2011-09-30 | $711.00M | $3.38B | (m) | (m) | (m) | 21.01% |
| 2011-06-30 | $682.00M | $3.19B | (m) | (m) | (m) | 21.35% |
| 2011-03-31 | $700.00M | $3.24B | (m) | (m) | (m) | 21.58% |
| 2010-12-31 | $631.00M | $3.20B | (m) | (m) | (m) | 19.74% |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | $603.00M | $3.41B | (m) | (m) | (m) | 17.68% |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | $640.00M | $3.65B | (m) | (m) | (m) | 17.53% |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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