Nasdaq (XSWX:NDAQ) Selling, General, & Admin. Expense: CHF369 Mil (TTM As of Mar. 2026)


XSWX:NDAQ Nasdaq Inc XSWX:NDAQ
90 GF Score
Price CHF69.21
GF Value CHF62.49
! 2 Warning Signs
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What is Nasdaq Selling, General, & Admin. Expense?

Nasdaq XSWX:NDAQ 90 Selling, General, & Admin. Expense is CHF369 Mil as of Mar. 2026. GuruFocus rates XSWX:NDAQ with a GF Score™ of 90/100 and a GF Value™ of CHF62.49. The stock has 2 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Nasdaq's selling, general, & admin. expense for the three months ended in Mar. 2026 was CHF95 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was CHF369 Mil.


Nasdaq  (XSWX:NDAQ) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Nasdaq Selling, General, & Admin. Expense Related Terms


Nasdaq Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Nasdaq's Selling, General, & Admin. 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 Selling, General, & Admin. Expense Chart

Nasdaq Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 363.80 391.27 360.62 380.71 337.89

Nasdaq Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. 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 74.22 86.20 83.59 103.60 95.26

XSWX:NDAQ vs MSCI, COIN, CBOE: Selling, General, & Admin. Expense Comparison

For the Financial Data & Stock Exchanges subindustry, Nasdaq's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nasdaq Selling, General, & Admin. Expense vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nasdaq's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Nasdaq's Selling, General, & Admin. Expense falls into.


XSWX:NDAQ
90GF Score
Nasdaq Inc XSWX:NDAQ
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Nasdaq Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. 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 CHF369 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 Selling, General, & Admin. Expense of CHF369 Mil mean?
Nasdaq (XSWX:NDAQ) has a Selling, General, & Admin. Expense of CHF369 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Nasdaq and its competitors.
Is Nasdaq's Selling, General, & Admin. Expense too high?
Nasdaq's current Selling, General, & Admin. Expense is CHF369 Mil. Overall, Nasdaq has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Nasdaq's Selling, General, & Admin. Expense compare to MSCI and COIN?
Nasdaq's Selling, General, & Admin. Expense of CHF369 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 Selling, General, & Admin. Expense for a Capital Markets company?
A good Selling, General, & Admin. Expense depends on the Capital Markets industry context. However, Selling, General, & Admin. 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Nasdaq and its competitors. Nasdaq's current Selling, General, & Admin. Expense is CHF369 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?
Nasdaq (XSWX:NDAQ) has a current Selling, General, & Admin. Expense of CHF369 Mil. The stock's GF Value™ is CHF62.49, compared to a current price of CHF69.21 — trading 10.8% above its estimated fair value. The current Selling, General, & Admin. Expense is CHF369 Mil. Nasdaq's overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Nasdaq (XSWX:NDAQ), the current Selling, General, & Admin. Expense is CHF369 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 (XSWX:NDAQ) Overvalued in 2026?

Based on GuruFocus' analysis, Nasdaq stock appears to be overvalued. The current stock price of CHF69.21 is trading 10.8% above its estimated GF Value™ of CHF62.49.

Key valuation signals for XSWX:NDAQ:

  • Selling, General, & Admin. Expense: CHF369 Mil
  • GF Value™: CHF62.49 vs. price of CHF69.21 (10.8% above fair value)
  • GF Score™: 90/100 with 2 warning signs

No single metric tells the full story. See the XSWX: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.
90GF Score

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF69.21
Price
CHF62.49
GF Value