Nasdaq, Inc.
Close on Nov 2, 2026Market cap $60.72BP/E 31.7Yield 0.97%
Nasdaq Nasdaq Total U.S. Cash Equities Market Share by Year
Nasdaq Total U.S. Cash Equities Market Share (Matched Exchanges + FINRA/Nasdaq TRF) (%)
Nasdaq Nasdaq Total U.S. Cash Equities Market Share: 62.0% in FY2025, up 2.1 pts from a year earlier.
Where the FY2025 figure comes from
Source: Form 8-K Earnings Release Ex-99.1 (filed 2026-01-29) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Nasdaq Total U.S. Cash Equities Market Share (Matched Exchanges + FINRA/Nasdaq TRF) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 62.0% | +2.1 pts | Form 8-K Earnings Release Ex-99.1 (filed 2026-01-29) ↗ |
| FY2024 | Dec 31, 2024 | 59.9% | +6.7 pts | Form 8-K Earnings Release Ex-99.1 (filed 2026-01-29) ↗ |
| FY2023 | Dec 31, 2023 | 53.2% | +0.5 pts | Form 8-K Earnings Release Ex-99.1 (filed 2025-01-29) ↗ |
| FY2022 | Dec 31, 2022 | 52.7% | +0.7 pts | Form 8-K Earnings Release Ex-99.1 (filed 2024-01-31) ↗ |
| FY2021 | Dec 31, 2021 | 52.0% | +1.9 pts | Form 8-K Earnings Release Ex-99.1 (filed 2023-01-25) ↗ |
| FY2020 | Dec 31, 2020 | 50.1% | – | Form 8-K Earnings Release Ex-99.1 (filed 2022-01-26) ↗ |
Breakdown
What makes up nasdaq Total U.S. Cash Equities Market Share
- U.S. Cash Equities Industry Average Daily Volume — Industry ADV (billion shares/day)17.6 · FY2025
- Nasdaq Total Matched U.S. Cash Equity Volume (billion shares)626 · FY2025
- Nasdaq Total Matched Market Share Across 3 U.S. Stock Exchanges14.2% · FY2025
- Off-Exchange Trade Reporting Market Share via FINRA/Nasdaq TRF47.8% · FY2025
Cite this data
StockData. (2026). Nasdaq Nasdaq Total U.S. Cash Equities Market Share (%), annual FY2020–FY2025 [Data set]. Compiled from Nasdaq SEC filings and investor materials. https://stockdatahq.com/stocks/ndaq/kpis/us-eq-share-total-incl-trf
See every metric in the Nasdaq KPI table. Data updated Nov 2, 2026.