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Nasdaq, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Nasdaq, Inc. holds $27.3B in total assets. Shareholders' equity is $12.0B against $10.4B in total debt. Cash and equivalents total $1.1B. The current ratio is 0.996 and debt-to-equity is 0.863. Based on the Q1 2026 filing.

Total Assets$27.3BTotal Stockholders Equity$12.0BLong Term Debt$9.0BCash And Equivalents$1.1BTotal Current Assets$4.4BTotal Current Liabilities$4.4B
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$50.6B
P/E Ratio26.47
ROE16.22%

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1.0B$986.0M$896.0M$865.0M$943.0M$985.0M
Cash and cash equivalents$592.0M$4.7B$4.2B$4.4B$604.0M$1.1B
Default Funds And Margin Deposits Assets$5.7B$5.7B$5.2B$5.8B$5.8B$2.3B
Other current assets$293.0M$237.0M$227.0M$232.0M$376.0M$388.0M
Restricted cash$31.0M$18.0M$195.0M$227.0M$210.0M$49.0M
Total current assets$7.8B$7.8B$7.4B$7.6B$8.0B$4.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$5.5B$5.5B$5.4B$5.4B$5.1B$4.6B
Accumulated other comprehensive income (loss)-$2.1B-$1.9B-$1.9B-$1.8B-$1.8B-$1.8B
Common stock$6.0M$6.0M$6.0M$6.0M$6.0M$6.0M
Retained earnings$8.4B$8.7B$9.0B$9.2B$9.6B$10.0B
Total liabilities and stockholders' equity$30.4B$30.6B$30.4B$30.7B$31.1B$27.3B
Total stockholders' equity$11.2B$11.5B$11.8B$12.0B$12.2B$12.0B
Treasury stock$647.0M$672.0M$706.0M$710.0M$716.0M$747.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis—————$125.0M
Accounts Receivable, Allowance for Credit Loss$10.0M$13.0M$11.0M$11.0M$11.0M$14.0M
Common stock, capital shares reserved for future issuance—23.2M21.3M21.5M—21.7M
Common stock holder voting rights, maximum percentage of the then-outstanding shares of Nasdaq common stock5.0%5.0%5.0%5.0%—5.0%
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)900M900M900M900M900M900M
Common stock, shares issued (in shares)598.9M598.1M598.5M597.4M594.6M589.8M
Common Stock, Shares, Outstanding575.1M573.9M573.9M572.7M569.9M564.8M
Contract with Customer, Liability$788.0M$1.1B$929.0M$801.0M$873.0M$1.2B
2029—$11.0M$12.0M$17.0M—$16.0M
2031+—$3.0M$5.0M$7.0M—$3.0M
2028—$25.0M$31.0M$33.0M—$26.0M
2026—$934.0M$693.0M$378.0M—$1.0B
2027—$80.0M$182.0M$357.0M—$97.0M
2030—$5.0M$6.0M$9.0M—$8.0M
Short-term debt and current portion of long-term debt$399.0M$400.0M$500.0M$431.0M$431.0M$431.0M
Default fund contributions—$1.3B$1.3B$1.5B—$376.0M
Default Fund Contributions And Margin Deposits—$11.7B$12.1B$12.0B—$8.1B
Deferred income taxes$1.6B$1.6B$1.5B$1.6B$1.6B$1.6B
Market value of derivative contracts—$1.1B$1.6B$1.3B—$1.2B
Equity method investments (Note 11)$417.0M$444.0M$467.0M$491.0M$512.0M$538.0M
Financial guarantees obtained$4.0M$4.0M$4.0M$4.0M$4.0M$4.0M
2031+—$3.4B$3.4B$3.4B—$3.2B
Finite-Lived Intangible Assets, Accumulated Amortization$1.4B$1.5B$1.7B$1.8B$1.9B$2.0B
2028—$494.0M$494.0M$493.0M—$460.0M
2030—$433.0M$433.0M$433.0M—$270.0M
Remainder of 2026—$370.0M$246.0M$123.0M—$368.0M
2027—$497.0M$503.0M$503.0M—$507.0M
2029—$460.0M$460.0M$460.0M—$433.0M
Gross Carrying Amount$7.1B$7.2B$7.2B$7.2B$7.2B$7.2B
Finite Lived Intangible Assets Net Excluding Foreign Currency Translation Adjustment—$5.7B$5.6B$5.4B—$5.2B
Lessee Operating Lease Liability Payments Due—$535.0M$611.0M$610.0M—$660.0M
2031+—$237.0M$287.0M$295.0M—$248.0M
Lessee Operating Lease Liability Undiscounted Excess Amount—$87.0M$101.0M$100.0M—$100.0M
Liability due to market default—$0.0$0.0$0.0—$0.0
Margin deposits—$10.5B$10.8B$10.5B—$7.7B
Noncontrolling interests in subsidiaries$9.0M$9.0M$7.0M$7.0M$5.0M$5.0M
Operating Lease Weighted Average Discount Rate Percent—4.0%4.2%4.2%—4.2%
Preferred Stock, Par or Stated Value Per Share$0.01$0.01$0.01$0.01—$0.01
Preferred Stock, Shares Authorized30M30M30M30M—30M
Preferred Stock, Shares Issued000000
Preferred Stock, Shares Outstanding000000
Restricted cash and cash equivalents (default funds and margin deposits)$4.4B$4.0B$3.3B$3.7B$3.1B$572.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$906.0M$632.0M$302.0M—$958.0M
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number—806.5K806.5K806.5K—113.6K
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number—1.4M1.4M1.4M1.4M727.5K
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price—$41.79$41.79$41.79$41.79$60.42
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value—$48.0M$68.0M$66.0M—$18.0M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price—$22.23$22.23$22.23—$22.23
Share price (in dollars per share)—$75.86$89.42$88.45—$84.89
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value—$43.0M$54.0M$53.0M—$7.0M
Share Repurchase Program, Remaining Authorized, Amount—$1.6B$1.5B$1.4B—$3.0B
Common stock (in votes per share)1.001.001.001.00—1.00
Treasury stock, shares (in shares)23.9M24.2M24.6M24.7M24.7M25.1M
Unrecorded Unconditional Purchase Obligation—$65.0M$19.0M$18.0M—$46.0M
Remainder of Fiscal Year 2024—$57.0M$36.0M$17.0M—$69.0M

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable and other current liabilities (Note 11)$269.0M$255.0M$246.0M$256.0M$280.0M$245.0M
Default funds and margin deposits$5.7B$5.7B$5.2B$5.8B$5.8B$2.3B
Compensation and benefits$325.0M$198.0M$280.0M$313.0M$364.0M$209.0M
Other accrued liabilities$215.0M$187.0M$154.0M$236.0M$259.0M$160.0M
Current portion of long-term debt$399.0M$400.0M$500.0M$431.0M$431.0M$431.0M
Deferred revenue$711.0M$981.0M$848.0M$719.0M$785.0M$1.1B
Operating Lease Liability Payments - 2024 (Lessee)—$61.0M$73.0M$76.0M—$90.0M
Operating lease liabilities, current$55.0M$55.0M$57.0M$56.0M$60.0M$72.0M
Short-term borrowings$399.0M$400.0M$500.0M$431.0M$431.0M$431.0M
Total current liabilities$7.9B$8.0B$7.7B$7.7B$8.0B$4.4B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$121.0M$123.0M$133.0M$199.0M$175.0M$160.0M
Goodwill$14.0B$14.2B$14.3B$14.3B$14.4B$14.3B
Indefinite-Lived Intangible Assets$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Intangible assets — net$5.7B$5.6B$5.5B$5.4B$5.3B$5.1B
Other intangible assets—net$6.9B$6.8B$6.7B$6.6B$6.5B$6.4B
Operating lease right-of-use assets$375.0M$381.0M$441.0M$440.0M$447.0M$485.0M
Other non-current assets$779.0M$818.0M$865.0M$972.0M$993.0M$1.0B
Trading account securities$184.0M$201.0M$84.0M$53.0M$28.0M$184.0M
Property and equipment, net$593.0M$621.0M$656.0M$689.0M$728.0M$739.0M
Total assets$30.4B$30.6B$30.4B$30.7B$31.1B$27.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating Lease Liability Payments - 2026 (Lessee)—$56.0M$67.0M$70.0M—$77.0M
Long-term debt$9.1B$9.3B$9.2B$9.1B$8.6B$9.0B
Operating lease liabilities, non-current$388.0M$393.0M$453.0M$454.0M$462.0M$488.0M
Operating Lease Liabilities (Total)$443.0M$448.0M$510.0M$510.0M$522.0M$560.0M
Other non-current liabilities$230.0M$216.0M$237.0M$234.0M$241.0M$247.0M
Total liabilities$19.2B$19.1B$18.6B$18.6B$18.8B$15.3B