NDAQ (Nasdaq) Other Operating Expense: $642 Mil (TTM As of Mar. 2026)


NDAQ Nasdaq Inc NDAQ
89 GF Score
Price $88.08
GF Value $75.80
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Nasdaq Other Operating Expense?

Nasdaq NDAQ +0.64% 89 Other Operating Expense is $642 Mil as of Mar. 2026. GuruFocus rates NDAQ with a GF Score™ of 89/100 and a GF Value™ of $75.80 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Nasdaq's Other Operating Expense for the three months ended in Mar. 2026 was $165 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $642 Mil.

Nasdaq's quarterly Other Operating Expense increased from Sep. 2025 ($158 Mil) to Dec. 2025 ($161 Mil) and increased from Dec. 2025 ($161 Mil) to Mar. 2026 ($165 Mil).

Nasdaq's annual Other Operating Expense increased from Dec. 2023 ($323 Mil) to Dec. 2024 ($613 Mil) and increased from Dec. 2024 ($613 Mil) to Dec. 2025 ($632 Mil).

Nasdaq Other Operating Expense Historical Data

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The historical data trend for Nasdaq's Other Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nasdaq Other Operating Expense Chart

Nasdaq Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 278.00 258.00 323.00 613.00 632.00

Nasdaq Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Other Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 156.00 158.00 158.00 161.00 165.00
NDAQ
89GF Score
Nasdaq Inc NDAQ
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Nasdaq Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $642 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Other Operating Expense of $642 Mil mean?
Nasdaq (NDAQ) has a Other Operating Expense of $642 Mil as of Mar. 2026. Other operating expenses that a company records on its income statement. View historical data on Nasdaq and its competitors.
Is Nasdaq's Other Operating Expense too high?
Nasdaq's current Other Operating Expense is $642 Mil. Overall, Nasdaq has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nasdaq's Other Operating Expense compare to MSCI and COIN?
Nasdaq's Other Operating Expense of $642 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for a Capital Markets company?
A good Other Operating Expense depends on the Capital Markets industry context. However, Other Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Nasdaq and its competitors. Nasdaq's current Other Operating Expense is $642 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nasdaq stock overvalued right now?
Based on GuruFocus' analysis, Nasdaq (NDAQ) is currently considered Modestly Overvalued. The stock's GF Value™ is $75.80, compared to a current price of $88.08 — trading 16.2% above its estimated fair value. The current Other Operating Expense is $642 Mil. Nasdaq's overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Nasdaq (NDAQ), the current Other Operating Expense is $642 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nasdaq (NDAQ) Overvalued in 2026?

Based on GuruFocus' analysis, Nasdaq stock appears to be overvalued. The current stock price of $88.08 is trading 16.2% above its estimated GF Value™ of $75.80. GuruFocus considers Nasdaq to be Modestly Overvalued.

Key valuation signals for NDAQ:

  • Other Operating Expense: $642 Mil
  • GF Value™: $75.80 vs. price of $88.08 (16.2% above fair value)
  • GF Score™: 89/100 with 2 warning signs

No single metric tells the full story. See the NDAQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nasdaq Business Description

Address 151 West 42nd Street, Floors 26, 27, 28, New York, NY, USA, 10036
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.5% of sales), the company sells market and financial data to investors, offers Nasdaq-branded indexes, and lists companies through its capital access segment (42.5%). Nasdaq's newest segment, financial technology, was primarily constructed through the acquisitions of Verafin and Adenza and has expanded the company into capital management, financial crime, and regulatory compliance software (35%) as it seeks to become a diversified technology company.
89GF Score

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Other Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$88.08
Price
$75.80
GF Value