Capital Access Platforms — Revenues less transaction-based expenses
Nasdaq, Inc. Capital Access Platforms — Revenues less transaction-based expenses decreased by 4.3% to $220.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.0%, from $193.00M to $220.00M. Over 3 years (FY 2021 to FY 2025), Capital Access Platforms — Revenues less transaction-based expenses shows a downward trend with a -19.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates improved operational efficiency or higher-margin revenue streams, while a decrease suggests rising transaction costs or margin compression.
Detailed definition
This metric calculates the net revenue for the segment by subtracting transaction-related costs from total segment reven...
Peer comparison
Standard net revenue metric used by most exchange operators to strip out pass-through transaction costs.
ndaq_segment_capital_access_platforms_revenues_less_transaction_based_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $392.00M | $392.00M | $392.00M | $419.00M | $422.00M | $422.00M | $421.00M | $416.00M | $438.00M | $456.00M | $186.00M | $187.00M | $190.00M | $191.00M | $193.00M | $198.00M | $206.00M | $230.00M | $220.00M |
| QoQ Change | — | +0.0% | +0.0% | +6.9% | +0.7% | +0.0% | -0.2% | -1.2% | +5.3% | +4.1% | -59.2% | +0.5% | +1.6% | +0.5% | +1.0% | +2.6% | +4.0% | +11.7% | -4.3% |
| YoY Change | — | — | — | — | +7.7% | +7.7% | +7.4% | -0.7% | +3.8% | +8.1% | -55.3% | -57.3% | -58.3% | — | +3.8% | +5.9% | +8.4% | +20.4% | +14.0% |
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Frequently Asked Questions
- What is Nasdaq, Inc.'s capital access platforms — revenues less transaction-based expenses?
- Nasdaq, Inc. (NDAQ) reported capital access platforms — revenues less transaction-based expenses of $220.00M in Q1 2026.
- How has Nasdaq, Inc.'s capital access platforms — revenues less transaction-based expenses changed year-over-year?
- Nasdaq, Inc.'s capital access platforms — revenues less transaction-based expenses increased by 14.0% year-over-year, from $193.00M to $220.00M.
- What is the long-term trend for Nasdaq, Inc.'s capital access platforms — revenues less transaction-based expenses?
- Over 3 years (2021 to 2025), Nasdaq, Inc.'s capital access platforms — revenues less transaction-based expenses has grown at a -19.2% compound annual growth rate (CAGR), from $1.57B to $827.00M.
- What does capital access platforms — revenues less transaction-based expenses mean?
- The segment's revenue after subtracting costs directly related to processing transactions.