80/100B109.440
USD
0.81
(0.75%)
Market Open
Last updated: · Delayed 15 min
Fair value112.08Plus-2%35Price 109.44157
Q4 FY2026 · Earnings report
EPS estimate 1.08Revenue estimate 1.54B
Q4 FY2026 · Earnings report
EPS estimate 1.08Revenue estimate 1.54B
Nasdaq total debt 1998–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Nasdaq's total debt was 9.30B USD on 30 September 2026, down 2.7% on a year before. At the end of fiscal year 2025 it was 9.93B USD.
Last updated 7 Nov 2026 · Next report 4 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 9.30B | -2.69% | 516.00M | -8.78B | 0.77 |
| FY2025 | 31 Dec 2025 | 9.93B | +0.61% | 842.00M | -9.09B | 0.81 |
| FY2024 | 31 Dec 2024 | 9.87B | -9.23% | 776.00M | -9.09B | 0.88 |
| FY2023 | 31 Dec 2023 | 10.87B | +85.80% | 641.00M | -10.23B | 1.01 |
| FY2022 | 31 Dec 2022 | 5.85B | -5.87% | 683.00M | -5.17B | 0.95 |
| FY2021 | 31 Dec 2021 | 6.22B | +4.82% | 601.00M | -5.62B | 0.97 |
| FY2020 | 31 Dec 2020 | 5.93B | +59.49% | 2.94B | -2.99B | 0.92 |
| FY2019 | 31 Dec 2019 | 3.72B | -2.95% | 623.00M | -3.10B | 0.66 |
| FY2018 | 31 Dec 2018 | 3.83B | -8.94% | 813.00M | -3.02B | 0.70 |
| FY2017 | 31 Dec 2017 | 4.21B | +16.76% | 612.00M | -3.60B | 0.72 |
| FY2016 | 31 Dec 2016 | 3.60B | +52.41% | 648.00M | -2.96B | 0.66 |
| FY2015 | 31 Dec 2015 | 2.36B | +2.92% | 502.00M | -1.86B | 0.42 |
| FY2014 | 31 Dec 2014 | 2.30B | -12.79% | 601.00M | -1.70B | 0.40 |
| FY2013 | 31 Dec 2013 | 2.63B | +33.30% | 587.00M | -2.05B | 0.43 |
| FY2012 | 31 Dec 2012 | 1.98B | -6.66% | 720.00M | -1.26B | 0.38 |
| FY2011 | 31 Dec 2011 | 2.12B | -8.79% | 785.00M | -1.33B | 0.43 |
| FY2010 | 31 Dec 2010 | 2.32B | +10.95% | 568.00M | -1.75B | 0.49 |
| FY2009 | 31 Dec 2009 | 2.09B | -17.12% | 902.00M | -1.19B | 0.42 |
| FY2008 | 31 Dec 2008 | 2.52B | +2,031.07% | 601.00M | -1.92B | 0.59 |
| FY2007 | 31 Dec 2007 | 118.44M | -92.12% | 1.33B | 1.21B | 0.05 |
| FY2006 | 31 Dec 2006 | 1.50B | +26.10% | 1.95B | 446.58M | 1.03 |
| FY2005 | 31 Dec 2005 | 1.19B | +349.97% | 344.61M | -847.82M | 4.71 |
| FY2004 | 31 Dec 2004 | 265.00M | -0.60% | 261.70M | -3.30M | 1.69 |
| FY2003 | 31 Dec 2003 | 266.61M | -41.17% | 358.40M | 91.79M | 1.66 |
| FY2002 | 31 Dec 2002 | 453.15M | +48.51% | 445.07M | -8.08M | 1.67 |
| FY2001 | 31 Dec 2001 | 305.13M | +470.57% | 521.76M | 216.63M | 0.59 |
| FY2000 | 31 Dec 2000 | 53.48M | — | 262.26M | 208.78M | 0.08 |
| FY1999 | 31 Dec 1999 | 0.00 | — | 10.60M | 10.60M | 0.00 |
| FY1998 | 31 Dec 1998 | 0.00 | — | 2.75M | 2.75M | 0.00 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 9.30B | -2.69% | 516.00M | -8.78B | 0.77 |
| Q2 FY2026 | 30 Jun 2026 | 9.24B | -4.03% | 2.79B | -6.46B | 0.77 |
| Q1 FY2026 | 31 Mar 2026 | 9.45B | -2.82% | 748.00M | -8.70B | 0.78 |
| Q4 FY2025 | 31 Dec 2025 | 9.93B | +0.61% | 842.00M | -9.09B | 0.81 |
| Q3 FY2025 | 30 Sept 2025 | 9.55B | -6.87% | 2.53B | -7.02B | 0.79 |
| Q2 FY2025 | 30 Jun 2025 | 9.63B | -5.63% | 2.01B | -7.62B | 0.82 |
| Q1 FY2025 | 31 Mar 2025 | 9.72B | -6.57% | 2.55B | -7.17B | 0.84 |
| Q4 FY2024 | 31 Dec 2024 | 9.87B | -9.23% | 776.00M | -9.09B | 0.88 |
| Q3 FY2024 | 30 Sept 2024 | 10.26B | +1.40% | 468.00M | -9.79B | 0.93 |
| Q2 FY2024 | 30 Jun 2024 | 10.21B | -1.48% | 590.00M | -9.62B | 0.94 |
| Q1 FY2024 | 31 Mar 2024 | 10.40B | +87.39% | 561.00M | -9.84B | 0.96 |
| Q4 FY2023 | 31 Dec 2023 | 10.87B | +85.80% | 641.00M | -10.23B | 1.01 |
| Q3 FY2023 | 30 Sept 2023 | 10.12B | +73.56% | 5.61B | -4.50B | 1.56 |
| Q2 FY2023 | 30 Jun 2023 | 10.36B | +67.46% | 5.64B | -4.72B | 1.66 |
| Q1 FY2023 | 31 Mar 2023 | 5.55B | -12.93% | 570.00M | -4.98B | 0.90 |
| Q4 FY2022 | 31 Dec 2022 | 5.85B | -5.87% | 683.00M | -5.17B | 0.95 |
| Q3 FY2022 | 30 Sept 2022 | 5.83B | -7.86% | 430.00M | -5.40B | 0.99 |
| Q2 FY2022 | 30 Jun 2022 | 6.19B | +1.44% | 615.00M | -5.57B | 1.06 |
| Q1 FY2022 | 31 Mar 2022 | 6.38B | +1.25% | 711.00M | -5.66B | 1.06 |
| Q4 FY2021 | 31 Dec 2021 | 6.22B | +4.82% | 601.00M | -5.62B | 0.97 |
| Q3 FY2021 | 30 Sept 2021 | 6.33B | +59.40% | 488.00M | -5.84B | 1.00 |
| Q2 FY2021 | 30 Jun 2021 | 6.10B | +56.96% | 625.00M | -5.47B | 0.92 |
| Q1 FY2021 | 31 Mar 2021 | 6.30B | +42.51% | 989.00M | -5.31B | 0.99 |
| Q4 FY2020 | 31 Dec 2020 | 5.93B | +59.49% | 2.94B | -2.99B | 0.92 |
| Q3 FY2020 | 30 Sept 2020 | 3.97B | +4.28% | 761.00M | -3.21B | 0.66 |
| Q2 FY2020 | 30 Jun 2020 | 3.89B | +1.38% | 917.00M | -2.97B | 0.68 |
| Q1 FY2020 | 31 Mar 2020 | 4.42B | +12.59% | 1.27B | -3.15B | 0.82 |
| Q4 FY2019 | 31 Dec 2019 | 3.72B | -2.95% | 623.00M | -3.10B | 0.66 |
| Q3 FY2019 | 30 Sept 2019 | 3.81B | -1.93% | 505.00M | -3.30B | 0.71 |
| Q2 FY2019 | 30 Jun 2019 | 3.83B | -0.39% | 592.00M | -3.24B | 0.69 |
| Q1 FY2019 | 31 Mar 2019 | 3.92B | -4.64% | 692.00M | -3.23B | 0.71 |
| Q4 FY2018 | 31 Dec 2018 | 3.83B | -8.94% | 813.00M | -3.02B | 0.70 |
| Q3 FY2018 | 30 Sept 2018 | 3.88B | +3.66% | 526.00M | -3.35B | 0.69 |
| Q2 FY2018 | 30 Jun 2018 | 3.85B | +8.31% | 635.00M | -3.21B | 0.69 |
| Q1 FY2018 | 31 Mar 2018 | 4.12B | +13.64% | 629.00M | -3.49B | 0.72 |
| Q4 FY2017 | 31 Dec 2017 | 4.21B | +16.76% | 612.00M | -3.60B | 0.72 |
| Q3 FY2017 | 30 Sept 2017 | 3.74B | +0.92% | 737.00M | -3.01B | 0.65 |
| Q2 FY2017 | 30 Jun 2017 | 3.55B | -4.80% | 656.00M | -2.90B | 0.64 |
| Q1 FY2017 | 31 Mar 2017 | 3.62B | +41.17% | 606.00M | -3.02B | 0.68 |
| Q4 FY2016 | 31 Dec 2016 | 3.60B | +52.41% | 648.00M | -2.96B | 0.66 |
| Q3 FY2016 | 30 Sept 2016 | 3.71B | +52.32% | 495.00M | -3.21B | 0.64 |
| Q2 FY2016 | 30 Jun 2016 | 3.73B | +63.57% | 599.00M | -3.13B | 0.65 |
| Q1 FY2016 | 31 Mar 2016 | 2.57B | +11.23% | 590.00M | -1.98B | 0.45 |
| Q4 FY2015 | 31 Dec 2015 | 2.36B | +2.92% | 502.00M | -1.86B | 0.42 |
| Q3 FY2015 | 30 Sept 2015 | 2.44B | +3.84% | 483.00M | -1.95B | 0.44 |
| Q2 FY2015 | 30 Jun 2015 | 2.28B | -5.27% | 588.00M | -1.69B | 0.40 |
| Q1 FY2015 | 31 Mar 2015 | 2.31B | -8.27% | 522.00M | -1.78B | 0.42 |
| Q4 FY2014 | 31 Dec 2014 | 2.30B | -12.79% | 601.00M | -1.70B | 0.40 |
| Q3 FY2014 | 30 Sept 2014 | 2.35B | -13.72% | 455.00M | -1.89B | 0.38 |
| Q2 FY2014 | 30 Jun 2014 | 2.41B | -13.54% | 517.00M | -1.89B | 0.39 |
| Q1 FY2014 | 31 Mar 2014 | 2.51B | +27.87% | 581.00M | -1.93B | 0.40 |
| Q4 FY2013 | 31 Dec 2013 | 2.63B | +33.30% | 587.00M | -2.05B | 0.43 |
| Q3 FY2013 | 30 Sept 2013 | 2.72B | +36.86% | 490.00M | -2.23B | 0.45 |
| Q2 FY2013 | 30 Jun 2013 | 2.79B | +39.53% | 549.00M | -2.24B | 0.48 |
| Q1 FY2013 | 31 Mar 2013 | 1.97B | -2.04% | 809.00M | -1.16B | 0.38 |
| Q4 FY2012 | 31 Dec 2012 | 1.98B | -6.66% | 720.00M | -1.26B | 0.38 |
| Q3 FY2012 | 30 Sept 2012 | 1.99B | -10.26% | 595.00M | -1.39B | 0.39 |
| Q2 FY2012 | 30 Jun 2012 | 2.00B | -9.64% | 687.00M | -1.31B | 0.40 |
| Q1 FY2012 | 31 Mar 2012 | 2.01B | -12.36% | 740.00M | -1.27B | 0.39 |
| Q4 FY2011 | 31 Dec 2011 | 2.12B | -8.79% | 785.00M | -1.33B | 0.43 |
| Q3 FY2011 | 30 Sept 2011 | 2.21B | +11.43% | 837.00M | -1.38B | 0.44 |
| Q2 FY2011 | 30 Jun 2011 | 2.21B | +7.65% | 898.00M | -1.31B | 0.43 |
| Q1 FY2011 | 31 Mar 2011 | 2.29B | +9.52% | 722.00M | -1.57B | 0.46 |
| Q4 FY2010 | 31 Dec 2010 | 2.32B | +10.95% | 568.00M | -1.75B | 0.49 |
| Q3 FY2010 | 30 Sept 2010 | 1.99B | -4.93% | 2.34B | 350.00M | 0.39 |
| Q2 FY2010 | 30 Jun 2010 | 2.05B | -11.36% | 836.00M | -1.22B | 0.44 |
| Q1 FY2010 | 31 Mar 2010 | 2.09B | -14.79% | 2.64B | 551.00M | 0.43 |
| Q4 FY2009 | 31 Dec 2009 | 2.09B | -17.12% | 902.00M | -1.19B | 0.42 |
| Q3 FY2009 | 30 Sept 2009 | 2.09B | -18.28% | 4.14B | 2.05B | 0.42 |
| Q2 FY2009 | 30 Jun 2009 | 2.32B | +40.85% | 3.69B | 1.37B | 0.52 |
| Q1 FY2009 | 31 Mar 2009 | 2.45B | +49.32% | 4.61B | 2.15B | 0.58 |
| Q4 FY2008 | 31 Dec 2008 | 2.52B | +2,031.07% | 601.00M | -1.92B | 0.59 |
| Q3 FY2008 | 30 Sept 2008 | 2.56B | +476.90% | 931.96M | -1.62B | 0.54 |
| Q2 FY2008 | 30 Jun 2008 | 1.64B | +9.68% | 876.97M | -766.61M | 0.35 |
| Q1 FY2008 | 31 Mar 2008 | 1.64B | +9.49% | 857.23M | -786.27M | 0.36 |
| Q4 FY2007 | 31 Dec 2007 | 118.44M | -92.12% | 1.33B | 1.21B | 0.05 |
| Q3 FY2007 | 30 Sept 2007 | 443.09M | -72.41% | 1.27B | 824.78M | 0.25 |
| Q2 FY2007 | 30 Jun 2007 | 1.50B | -7.75% | 2.27B | 771.51M | 0.93 |
| Q1 FY2007 | 31 Mar 2007 | 1.50B | +26.07% | 2.03B | 523.98M | 1.04 |
| Q4 FY2006 | 31 Dec 2006 | 1.50B | +26.10% | 1.95B | 446.58M | 1.03 |
| Q3 FY2006 | 30 Sept 2006 | 1.61B | +243.70% | 1.86B | 254.17M | 1.22 |
| Q2 FY2006 | 30 Jun 2006 | 1.62B | +247.66% | 1.70B | 79.93M | 1.38 |
| Q1 FY2006 | 31 Mar 2006 | 1.19B | +349.30% | 596.18M | -594.47M | 2.28 |
| Q4 FY2005 | 31 Dec 2005 | 1.19B | +349.97% | 344.61M | -847.82M | 4.71 |
| Q3 FY2005 | 30 Sept 2005 | 467.33M | +76.35% | 545.25M | 77.91M | 2.28 |
| Q2 FY2005 | 30 Jun 2005 | 467.24M | +76.32% | 550.34M | 83.10M | 2.85 |
| Q1 FY2005 | 31 Mar 2005 | 265.00M | 0.00% | 345.60M | 80.60M | 1.57 |
| Q4 FY2004 | 31 Dec 2004 | 265.00M | -0.60% | 261.70M | -3.30M | 1.69 |
| Q3 FY2004 | 30 Sept 2004 | 265.00M | -6.08% | 262.57M | -2.43M | 1.69 |
| Q2 FY2004 | 30 Jun 2004 | 265.00M | -38.82% | 423.31M | 158.31M | 1.63 |
| Q1 FY2004 | 31 Mar 2004 | 265.00M | -41.40% | 396.95M | 131.95M | 1.64 |
| Q4 FY2003 | 31 Dec 2003 | 266.61M | -41.17% | 358.40M | 91.79M | 1.66 |
| Q3 FY2003 | 30 Sept 2003 | 282.16M | -37.74% | 349.38M | 67.22M | 1.55 |
| Q2 FY2003 | 30 Jun 2003 | 433.16M | -5.15% | 530.60M | 97.44M | 1.91 |
| Q1 FY2003 | 31 Mar 2003 | 452.21M | +48.57% | 520.48M | 68.27M | 1.66 |
| Q4 FY2002 | 31 Dec 2002 | 453.15M | +48.51% | 445.07M | -8.08M | 1.67 |
| Q3 FY2002 | 30 Sept 2002 | 453.22M | +55.96% | 474.33M | 21.11M | 1.70 |
| Q2 FY2002 | 30 Jun 2002 | 456.67M | +58.27% | 464.60M | 7.93M | 1.80 |
| Q1 FY2002 | 31 Mar 2002 | 304.38M | +551.76% | 307.14M | 2.76M | 1.27 |
| Q4 FY2001 | 31 Dec 2001 | 305.13M | +470.57% | 521.76M | 216.63M | 0.59 |
| Q3 FY2001 | 30 Sept 2001 | 290.61M | — | 329.10M | 38.49M | 0.55 |
| Q2 FY2001 | 30 Jun 2001 | 288.54M | — | 344.85M | 56.31M | 0.56 |
| Q1 FY2001 | 31 Mar 2001 | 46.70M | — | 245.11M | 198.41M | 0.06 |
| Q4 FY2000 | 31 Dec 2000 | 53.48M | — | 262.26M | 208.78M | 0.08 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Nasdaq's debt
Source: Financial Modeling Prep