Nasdaq, Inc. is an American multinational financial services corporation providing data, analytics, software, exchange capabilities, and advisory services to corporate clients, investment managers, banks, brokers, and exchange operators across the global financial system. Nasdaq was founded in 1971 as the world's first electronic stock market, and became publicly traded in 2000. It is headquartered in New York City, and its chair and chief executive officer is Adena Friedman.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| NDAQ | NASDAQ, INC. | 2026-02-18 04:29:15 | 80.51 | 0.27 | 0.34 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NDAQ | 0001120193 | NASDAQ, INC. | US6311031081 | 549300L8X1Q78ERXFD06 | 521165937 | Nasdaq | 6200 | Security & Commodity Brokers, Dealers, Exchanges & Services | 1231 | DE | 151 W. 42ND STREET | NEW YORK | NY | 10036 | UNITED STATES | US | 1 212 401 8700 | 151 W. 42ND STREET, NEW YORK, NY, 10036 | 151 W. 42ND STREET, NEW YORK, NY, 10036 | NASDAQ OMX GROUP, INC. | Financial services | 1971-02-08 | Adena Friedman | 9,162 | https://www.nasdaq.com/ | 22,300,000,000 | 597,402,009 | 570,995,433 | Nasdaq, Inc. is an American multinational financial services corporation providing data, analytics, software, exchange capabilities, and advisory services to corporate clients, investment managers, banks, brokers, and exchange operators across the global financial system. Nasdaq was founded in 1971 as the world's first electronic stock market, and became publicly traded in 2000. It is headquartered in New York City, and its chair and chief executive officer is Adena Friedman. | 2026-02-12 15:26:38 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2025 | 40,600,000,000 | 18,300,000,000 | 82.0628 | 568,443,856 | -6,701,467 | -1.1652 |
| 2024 | 22,300,000,000 | 5,300,000,000 | 31.1765 | 575,145,323 | -61,247 | -0.0106 |
| 2023 | 17,000,000,000 | -200,000,000 | -1.1628 | 575,206,570 | 86,203,614 | 17.6284 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Tal Cohen | President | 2024 | 700,000 | 200,000 | 4,681,154 | 1,644,323 | 20,700 | 7,246,177 |
| P.C. Nelson Griggs | President | 2024 | 700,000 | 0 | 4,681,154 | 2,380,980 | 20,700 | 7,782,834 |
| Adena T. Friedman | Chair, CEO | 2024 | 1,250,000 | 0 | 15,213,813 | 5,009,927 | 44,430 | 21,518,170 |
| Sarah Youngwood | EVP, CFO | 2024 | 700,000 | 0 | 0 | 1,906,073 | 19,085 | 2,625,158 |
| Bradley J. Peterson | EVP | 2024 | 650,000 | 0 | 3,510,846 | 1,346,633 | 34,959 | 5,542,438 |
| Fiscal Year | Employee Count |
|---|---|
| 2020 | 4,830 |
| 2019 | 4,361 |
| 2018 | 4,099 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 8,262,000,000 | 7,400,000,000 | 6,064,000,000 |
| Cost Of Revenue | 3,013,000,000 | 2,751,000,000 | 2,169,000,000 |
| Gross Profit | 5,249,000,000 | 4,649,000,000 | 3,895,000,000 |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | 75,000,000 | 109,000,000 | 113,000,000 |
| Operating Expenses | 2,918,000,000 | 2,851,000,000 | 2,317,000,000 |
| Operating Income | 2,331,000,000 | 1,798,000,000 | 1,578,000,000 |
| Net Income | 1,788,000,000 | 1,117,000,000 | 1,059,000,000 |
| Earnings Per Share Basic | 3.12 | 1.94 | 2.1 |
| Earnings Per Share Diluted | 3.09 | 1.93 | 2.08 |
| Weighted Average Shares Outstanding Basic | 573,257,760 | 575,428,536 | 504,909,392 |
| Weighted Average Shares Outstanding Diluted | 578,597,687 | 579,189,522 | 508,392,982 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash And Cash Equivalents | 604,000,000 | 592,000,000 | 453,000,000 |
| Marketable Securities Current | 158,000,000 | 129,000,000 | 123,000,000 |
| Accounts Receivable | 943,000,000 | 1,022,000,000 | 929,000,000 |
| Inventories | — | — | — |
| Non Trade Receivables | — | — | — |
| Other Assets Current | 376,000,000 | 293,000,000 | 231,000,000 |
| Total Assets Current | 8,003,000,000 | 7,786,000,000 | 9,096,000,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 728,000,000 | 593,000,000 | 576,000,000 |
| Other Assets Non Current | 993,000,000 | 779,000,000 | 665,000,000 |
| Total Assets Non Current | 23,050,000,000 | 22,609,000,000 | 23,198,000,000 |
| Total Assets | 31,053,000,000 | 30,395,000,000 | 32,294,000,000 |
| Accounts Payable | 280,000,000 | 269,000,000 | 332,000,000 |
| Deferred Revenue | 785,000,000 | 711,000,000 | 594,000,000 |
| Short Term Debt | 431,000,000 | 399,000,000 | 291,000,000 |
| Other Liabilities Current | 259,000,000 | 215,000,000 | 146,000,000 |
| Total Liabilities Current | 7,961,000,000 | 7,902,000,000 | 9,025,000,000 |
| Long Term Debt | 8,573,000,000 | 9,081,000,000 | 10,163,000,000 |
| Other Liabilities Non Current | 241,000,000 | 230,000,000 | 220,000,000 |
| Total Liabilities Non Current | 10,860,000,000 | 11,293,000,000 | 12,442,000,000 |
| Total Liabilities | 18,821,000,000 | 19,195,000,000 | 21,467,000,000 |
| Common Stock | 6,000,000 | 6,000,000 | 6,000,000 |
| Retained Earnings | 9,588,000,000 | 8,401,000,000 | 7,825,000,000 |
| Accumulated Other Comprehensive Income | -1,773,000,000 | -2,099,000,000 | -1,924,000,000 |
| Total Shareholders Equity | 12,227,000,000 | 11,191,000,000 | 10,816,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Depreciation And Amortization | 632,000,000 | 613,000,000 | 323,000,000 |
| Share Based Compensation Expense | 165,000,000 | 141,000,000 | 122,000,000 |
| Other Non Cash Income Expense | -21,000,000 | -35,000,000 | -30,000,000 |
| Change In Accounts Receivable | -91,000,000 | 193,000,000 | -3,000,000 |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | 96,000,000 | 50,000,000 | -9,000,000 |
| Change In Accounts Payable | -6,000,000 | -60,000,000 | 149,000,000 |
| Change In Other Liabilities | 1,000,000 | 13,000,000 | -63,000,000 |
| Cash From Operating Activities | 2,255,000,000 | 1,939,000,000 | 1,696,000,000 |
| Purchases Of Marketable Securities | 243,000,000 | 206,000,000 | 712,000,000 |
| Sales Of Marketable Securities | — | — | — |
| Acquisition Of Property Plant And Equipment | 266,000,000 | 207,000,000 | 158,000,000 |
| Acquisition Of Business | 0 | 0 | 5,766,000,000 |
| Other Investing Activities | 78,000,000 | 32,000,000 | 3,000,000 |
| Cash From Investing Activities | -1,100,000,000 | -953,000,000 | -5,994,000,000 |
| Tax Withholding For Share Based Compensation | 69,000,000 | — | — |
| Payments Of Dividends | 601,000,000 | 541,000,000 | 441,000,000 |
| Issuance Of Common Stock | — | — | 29,000,000 |
| Repurchase Of Common Stock | 616,000,000 | 145,000,000 | 269,000,000 |
| Issuance Of Long Term Debt | 0 | 0 | 5,608,000,000 |
| Repayment Of Long Term Debt | 826,000,000 | 521,000,000 | 260,000,000 |
| Other Financing Activities | 43,000,000 | 27,000,000 | -1,000,000 |
| Cash From Financing Activities | -2,953,000,000 | -2,561,000,000 | 4,220,000,000 |
| Change In Cash | -1,072,000,000 | -2,112,000,000 | 124,000,000 |
| Cash At End Of Period | 604,000,000 | 592,000,000 | 453,000,000 |
| Income Taxes Paid | 373,000,000 | 358,000,000 | 254,000,000 |
| Interest Paid | 354,000,000 | 405,000,000 | 177,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Earnings Per Share | 3.12 | 1.94 | 2.1 |
| Price To Earnings Ratio | 31.1314 | 39.8505 | 27.6857 |
| Earnings Growth Rate | 60.8247 | -7.619 | -7.8947 |
| Price Earnings To Growth Ratio | 0.5118 | -5.2304 | -3.5069 |
| Book Value Per Share | 21.3377 | 19.4638 | 21.4435 |
| Price To Book Ratio | 4.552 | 3.972 | 2.7113 |
| Ebitda | 3,160,000,000 | 2,502,000,000 | 1,920,000,000 |
| Enterprise Value | 64,080,526,228.8 | 53,374,380,118.16 | 39,356,432,050.88 |
| Dividend Yield | 0.0108 | 0.0122 | 0.015 |
| Dividend Payout Ratio | 0.3361 | 0.4843 | 0.4164 |
| Debt To Equity Ratio | 0.7364 | 0.8471 | 0.9665 |
| Capital Expenditures | 767,000,000 | 630,000,000 | 367,000,000 |
| Free Cash Flow | 1,488,000,000 | 1,309,000,000 | 1,329,000,000 |
| Return On Equity | 0.1462 | 0.0998 | 0.0979 |
| One Year Beta | 0.8684 | 0.6328 | 0.8681 |
| Three Year Beta | 0.8144 | 0.8213 | 0.8778 |
| Five Year Beta | 0.8487 | 0.9414 | 0.9537 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| INVESTOR AB | 10% owner | 2026-02-13 | 200,000 | A | 58,382,426 |
| FRIEDMAN ADENA T | Director, Chair and CEO | 2026-02-12 | 228,455 | A | 2,153,358 |
| FRIEDMAN ADENA T | Director, Chair and CEO | 2026-02-12 | 115,775 | D | 2,037,583 |
| FRIEDMAN ADENA T | Director, Chair and CEO | 2026-02-12 | 41,740 | A | 2,079,323 |
| Griggs PC Nelson | Pres. Capital Access Platforms | 2026-02-11 | 43,932 | A | 239,853 |
| Name Of Reporting Person | Type Of Reporting Person | Report Date | Transaction Type | Transaction Date | Owner Type | Amount |
|---|---|---|---|---|---|---|
| Thomas H Tuberville | Senator | 2024-05-15 | Sale (Full) | 2024-04-04 | Joint | $1,001 - $15,000 |
| Thomas H Tuberville | Senator | 2022-04-08 | Purchase | 2022-03-30 | Joint | $1,001 - $15,000 |
| Patrick J Toomey | Senator | 2019-12-10 | Purchase | 2019-11-19 | Child | $1,001 - $15,000 |
| Patrick J Toomey | Senator | 2019-12-10 | Sale (Full) | 2019-11-19 | Child | $1,001 - $15,000 |
| Name Of Reporting Person | Report Date | State | Transaction Type | Transaction Date | Owner Type | Amount |
|---|---|---|---|---|---|---|
| April McClain Delaney | 2025-11-04 | MD06 | Purchase | 2025-10-22 | Child | $15,001 - $50,000 |
| April McClain Delaney | 2025-11-04 | MD06 | Purchase | 2025-10-09 | Child | $1,001 - $15,000 |
| April McClain Delaney | 2025-10-06 | MD06 | Purchase | 2025-09-19 | Child | $15,001 - $50,000 |
| Jefferson Shreve | 2025-06-22 | IN06 | Sale | 2025-05-12 | — | $15,001 - $50,000 |
| Lois Frankel | 2023-10-10 | FL22 | Sale | 2023-09-08 | — | $1,001 - $15,000 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 2025-12-31 | 32,638,108 | 336,025 | 97.13 |
| Kintegral Advisory, LLC | 2025-12-31 | 7,240,944 | 74,549 | 97.13 |
| Tripletail Wealth Management, LLC | 2025-12-31 | 29,139 | 300 | 97.13 |
| Triumph Capital Management | 2025-12-31 | 5,182 | 53 | 97.7736 |
| Quantum Portfolio Management LLC | 2025-12-31 | 681,950 | 7,021 | 97.13 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| EMPOWER FUNDS, INC. | 2025-12-31 | Institutional Class | MXKWX | 68,870 | 6,689,343.14 | 0.0724 |
| EMPOWER FUNDS, INC. | 2025-12-31 | Investor Class | MXVIX | 68,870 | 6,689,343.14 | 0.0724 |
| EMPOWER FUNDS, INC. | 2025-12-31 | Institutional Class | MXCOX | 622,000 | 475,505.41 | 0.0099 |
| EMPOWER FUNDS, INC. | 2025-12-31 | Investor Class | MXBIX | 622,000 | 475,505.41 | 0.0099 |
| EMPOWER FUNDS, INC. | 2025-12-31 | Investor Class | MXETX | 2,909 | 282,551.17 | 0.0386 |