Business Segments · Operating Income
Market Services — Operating Income
Nasdaq, Inc. Market Services — Operating Income increased by 0.5% to $201.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.2%, from $173.00M to $201.00M. Over 4 years (FY 2021 to FY 2025), Market Services — Operating Income shows relatively stable performance with a -1.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
Rolls up toOperating Income
How to read this metric
Higher operating income indicates strong segment performance, effective cost management, and healthy profit margins.
Detailed definition
This represents the profit generated by the market services segment after deducting all direct and allocated operating e...
Peer comparison
The standard measure of segment-level profitability used across all public companies.
Metric ID:
ndaq_segment_market_services_operating_incomeHistorical 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 | $202.00M | $187.00M | $183.00M | $200.00M | $200.00M | $196.00M | $31.00M | $161.00M | $143.00M | $136.00M | $142.00M | $133.00M | $146.00M | $161.00M | $157.00M | $173.00M | $194.00M | $197.00M | $200.00M | $201.00M |
| QoQ Change | — | -7.4% | -2.1% | +9.3% | +0.0% | -2.0% | -84.2% | +419.4% | -11.2% | -4.9% | +4.4% | -6.3% | +9.8% | +10.3% | -2.5% | +10.2% | +12.1% | +1.5% | +1.5% | +0.5% |
| YoY Change | — | — | — | — | -1.0% | +4.8% | -83.1% | -19.5% | -28.5% | -30.6% | +358.1% | -17.4% | +2.1% | +18.4% | +10.6% | +30.1% | +32.9% | +22.4% | +27.4% | +16.2% |
Range$31.00M – $202.00M
CAGR-0.1%
Avg YoY Growth+21.4%
Median YoY Growth+7.7%
Current Streak5 quarters growth
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Frequently Asked Questions
- What is Nasdaq, Inc.'s market services — operating income?
- Nasdaq, Inc. (NDAQ) reported market services — operating income of $201.00M in Q1 2026.
- How has Nasdaq, Inc.'s market services — operating income changed year-over-year?
- Nasdaq, Inc.'s market services — operating income increased by 16.2% year-over-year, from $173.00M to $201.00M.
- What is the long-term trend for Nasdaq, Inc.'s market services — operating income?
- Over 4 years (2021 to 2025), Nasdaq, Inc.'s market services — operating income has grown at a -1.1% compound annual growth rate (CAGR), from $800.00M to $764.00M.
- What does market services — operating income mean?
- The profit earned by the market services segment after paying for its operating costs.