Company / SG&A Expense
Nasdaq, Inc. SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$75.0M
FY2025
5-year range
$75.0M / $142.0M
FY2021-FY2025
Trend
-31.2%
vs FY2024
Sector context
#106 of 138
Financials
What the data says
Nasdaq, Inc.'s sg&a expense of $75M is lower than 77% of companies in the Financials sector (FY2025). SG&A Expense has declined for 3 consecutive years, from $142M in FY2022 to $75M in FY2025.
Based on SEC 10-K filings.
$75M in FY2025 with a 5-year CAGR of -12.0%.
Improved from $113M to $75M over the past 2 years.
Financials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- -19.2%
- 5-Year CAGR
- -12.0%
- 10-Year CAGR
- -
Sector benchmark
Top 23% in FinancialsTop 23% of 138This company $75.0M Sector average $899.5M
▼
-91.7% below sector average
Key checks
Key Insights
- Nasdaq, Inc.'s sg&a expense has declined for 3 consecutive years.
- 5-year CAGR of -12.0%, indicating a declining trend.
- In FY2025, sg&a expense decreased 31.2% year-over-year.
- Ranks #106 out of 138 companies in the Financials sector.
Company context
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
- Altman Z-Score 1.03 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $75.0M | -31.2% |
| FY2024 | $109.0M | -3.5% |
| FY2023 | $113.0M | -20.4% |
| FY2022 | $142.0M | +67.1% |
| FY2021 | $85.0M | -40.1% |
| FY2020 | $142.0M | +73.2% |
| FY2019 | $82.0M | -31.7% |
| FY2018 | $120.0M | +46.3% |
| FY2017 | $82.0M | +12.3% |
| FY2016 | $73.0M | -8.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026