Business Segments · Directly consumed expenses
Market Services — Directly consumed expenses
Nasdaq, Inc. Market Services — Directly consumed expenses increased by 3.4% to $92.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.5%, from $88.00M to $92.00M. Over 3 years (FY 2022 to FY 2025), Market Services — Directly consumed expenses shows an upward trend with a 6.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026
Rolls up toTotal Operating Expenses
How to read this metric
Rising costs without corresponding revenue growth suggest declining operational efficiency within the segment.
Detailed definition
These are operating expenses that are directly attributable to the market services segment and are not allocated from co...
Peer comparison
Standard segment-level operating expense reporting used by diversified financial holding companies.
Metric ID:
ndaq_segment_market_services_directly_consumed_expensesHistorical Data
17 periods
| 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 | $73.25M | $73.25M | $73.25M | $73.25M | $82.50M | $82.50M | $82.50M | $82.50M | $82.00M | $83.00M | $85.00M | $89.00M | $88.00M | $92.00M | $84.00M | $89.00M | $92.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +12.6% | +0.0% | +0.0% | +0.0% | -0.6% | +1.2% | +2.4% | +4.7% | -1.1% | +4.5% | -8.7% | +6.0% | +3.4% |
| YoY Change | — | — | — | — | +12.6% | +12.6% | +12.6% | +12.6% | -0.6% | +0.6% | +3.0% | +7.9% | +7.3% | +10.8% | -1.2% | +0.0% | +4.5% |
Range$73.25M – $92.00M
CAGR+5.9%
Avg YoY Growth+6.4%
Median YoY Growth+7.3%
Current Streak2 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Nasdaq, Inc.'s market services — directly consumed expenses?
- Nasdaq, Inc. (NDAQ) reported market services — directly consumed expenses of $92.00M in Q1 2026.
- How has Nasdaq, Inc.'s market services — directly consumed expenses changed year-over-year?
- Nasdaq, Inc.'s market services — directly consumed expenses increased by 4.5% year-over-year, from $88.00M to $92.00M.
- What is the long-term trend for Nasdaq, Inc.'s market services — directly consumed expenses?
- Over 3 years (2022 to 2025), Nasdaq, Inc.'s market services — directly consumed expenses has grown at a 6.4% compound annual growth rate (CAGR), from $293.00M to $353.00M.
- What does market services — directly consumed expenses mean?
- Operating expenses specifically incurred by and attributed to the market services segment.