What is Nasdaq, Inc.'s liability waterfall — committed capital?

Nasdaq, Inc. (NDAQ) reported liability waterfall — committed capital of $84.00M in Q1 2026.

How has Nasdaq, Inc.'s liability waterfall — committed capital changed year-over-year?

Nasdaq, Inc.'s liability waterfall — committed capital increased by 7.7% year-over-year, from $78.00M to $84.00M.

What is the long-term trend for Nasdaq, Inc.'s liability waterfall — committed capital?

Over 4 years (2021 to 2025), Nasdaq, Inc.'s liability waterfall — committed capital has grown at a 3.5% compound annual growth rate (CAGR), from $298.00M to $342.00M.

What does liability waterfall — committed capital mean?

The total amount of capital contractually pledged by participants to support the firm's market operations.

Products & Services · Committed capital

Liability Waterfall — Committed capital

Nasdaq, Inc. Liability Waterfall — Committed capital decreased by 4.5% to $84.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.7%, from $78.00M to $84.00M. Over 4 years (FY 2021 to FY 2025), Liability Waterfall — Committed capital shows an upward trend with a 3.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryCapital Allocation

SignalHigher is better

VolatilityStable

First reportedQ2 2018

Last reportedQ1 2026

How to read this metric

An increase indicates greater participant commitment and financial backing for the platform, while a decrease may suggest reduced participant engagement or lower available support resources.

Detailed definition

This metric represents the total amount of capital that participants or entities have contractually pledged or committed...

Peer comparison

Comparable to committed liquidity facilities or participant default fund contributions seen in other exchange-traded derivatives and clearing businesses.

Metric ID: ndaq_segment_liability_waterfall_committed_capital

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	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	$80.00M	$69.00M	$70.00M	$67.00M	$62.00M	$64.00M	$64.00M	$66.00M	$63.00M	$60.00M	$65.00M	$63.00M	$65.00M	$76.00M	$70.00M	$78.00M	$87.00M	$89.00M	$88.00M	$84.00M
QoQ Change	—	-13.8%	+1.4%	-4.3%	-7.5%	+3.2%	+0.0%	+3.1%	-4.5%	-4.8%	+8.3%	-3.1%	+3.2%	+16.9%	-7.9%	+11.4%	+11.5%	+2.3%	-1.1%	-4.5%
YoY Change	—	—	—	—	-22.5%	-7.2%	-8.6%	-1.5%	+1.6%	-6.3%	+1.6%	-4.5%	+3.2%	+26.7%	+7.7%	+23.8%	+33.8%	+17.1%	+25.7%	+7.7%

Range$60.00M – $89.00M

CAGR+1.0%

Avg YoY Growth+6.1%

Median YoY Growth+2.4%

Current Streak2 quarters decline

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Frequently Asked Questions

What is Nasdaq, Inc.'s liability waterfall — committed capital?: Nasdaq, Inc. (NDAQ) reported liability waterfall — committed capital of $84.00M in Q1 2026.
How has Nasdaq, Inc.'s liability waterfall — committed capital changed year-over-year?: Nasdaq, Inc.'s liability waterfall — committed capital increased by 7.7% year-over-year, from $78.00M to $84.00M.
What is the long-term trend for Nasdaq, Inc.'s liability waterfall — committed capital?: Over 4 years (2021 to 2025), Nasdaq, Inc.'s liability waterfall — committed capital has grown at a 3.5% compound annual growth rate (CAGR), from $298.00M to $342.00M.
What does liability waterfall — committed capital mean?: The total amount of capital contractually pledged by participants to support the firm's market operations.