Annual Listings — Contract with Customer, Liability
Nasdaq, Inc. Annual Listings — Contract with Customer, Liability increased by 9700.0% to $294.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.1%, from $272.00M to $294.00M. Over 2 years (FY 2023 to FY 2025), Annual Listings — Contract with Customer, Liability shows relatively stable performance with a 1.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests higher upfront billings or longer-term commitments from listed companies, while a decrease may indicate lower renewal rates or shorter contract terms.
Detailed definition
Represents the deferred revenue balance associated with annual listing fees for publicly traded companies. This liabilit...
Peer comparison
Similar to deferred revenue or unearned income metrics found in other subscription-based or recurring revenue business models.
ndaq_segment_annual_listings_contract_with_customer_liabilityHistorical Data
| Q4 '21 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.00M | $2.00M | $272.00M | $182.00M | $92.00M | $3.00M | $261.00M | $177.00M | $91.00M | $2.00M | $272.00M | $188.00M | $97.00M | $3.00M | $294.00M |
| QoQ Change | — | +0.0% | >999% | -33.1% | -49.5% | -96.7% | >999% | -32.2% | -48.6% | -97.8% | >999% | -30.9% | -48.4% | -96.9% | >999% |
| YoY Change | — | +0.0% | — | — | — | +50.0% | -4.0% | -2.7% | -1.1% | -33.3% | +4.2% | +6.2% | +6.6% | +50.0% | +8.1% |
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Frequently Asked Questions
- What is Nasdaq, Inc.'s annual listings — contract with customer, liability?
- Nasdaq, Inc. (NDAQ) reported annual listings — contract with customer, liability of $294.00M in Q1 2026.
- How has Nasdaq, Inc.'s annual listings — contract with customer, liability changed year-over-year?
- Nasdaq, Inc.'s annual listings — contract with customer, liability increased by 8.1% year-over-year, from $272.00M to $294.00M.
- What is the long-term trend for Nasdaq, Inc.'s annual listings — contract with customer, liability?
- Over 2 years (2023 to 2025), Nasdaq, Inc.'s annual listings — contract with customer, liability has grown at a 1.0% compound annual growth rate (CAGR), from $549.00M to $560.00M.
- What does annual listings — contract with customer, liability mean?
- The amount of money received from companies for listing services that has not yet been recognized as revenue.