Business Segments · Goodwill
Market Services — Goodwill
Nasdaq, Inc. Market Services — Goodwill decreased by 1.5% to $2.10B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.0%, from $2.02B to $2.10B. Over 3 years (FY 2021 to FY 2025), Market Services — Goodwill shows a downward trend with a -15.0% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026
Rolls up toGoodwill
How to read this metric
Significant increases suggest recent M&A activity, while sudden decreases may indicate impairment charges due to underperforming acquisitions.
Detailed definition
This represents the intangible asset value recorded when the market services segment acquires other businesses for a pri...
Peer comparison
Standard accounting metric found in the balance sheets of all large, acquisitive financial services firms.
Metric ID:
ndaq_segment_market_services_goodwillHistorical Data
17 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.44B | $3.41B | $3.37B | $3.32B | $3.20B | $3.10B | $1.99B | $2.03B | $1.95B | $1.96B | $2.01B | $1.91B | $2.02B | $2.10B | $2.11B | $2.13B | $2.10B |
| QoQ Change | — | -1.0% | -1.2% | -1.5% | -3.5% | -3.2% | -35.8% | +1.9% | -3.5% | +0.3% | +2.6% | -5.2% | +6.1% | +4.0% | +0.2% | +1.3% | -1.5% |
| YoY Change | — | — | — | — | -7.1% | -9.1% | -40.9% | +1.9% | — | — | — | -5.9% | +3.5% | +7.2% | +4.8% | +12.0% | +4.0% |
Range$1.91B – $3.44B
CAGR-11.6%
Avg YoY Growth-3.0%
Median YoY Growth+2.7%
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Frequently Asked Questions
- What is Nasdaq, Inc.'s market services — goodwill?
- Nasdaq, Inc. (NDAQ) reported market services — goodwill of $2.10B in Q1 2026.
- How has Nasdaq, Inc.'s market services — goodwill changed year-over-year?
- Nasdaq, Inc.'s market services — goodwill increased by 4.0% year-over-year, from $2.02B to $2.10B.
- What is the long-term trend for Nasdaq, Inc.'s market services — goodwill?
- Over 3 years (2021 to 2025), Nasdaq, Inc.'s market services — goodwill has grown at a -15.0% compound annual growth rate (CAGR), from $13.62B to $8.37B.
- What does market services — goodwill mean?
- The portion of the segment's asset value attributed to premiums paid for past business acquisitions.