What is Nasdaq, Inc.'s other — contract with customer, liability?

Nasdaq, Inc. (NDAQ) reported other — contract with customer, liability of $28.00M in Q1 2026.

How has Nasdaq, Inc.'s other — contract with customer, liability changed year-over-year?

Nasdaq, Inc.'s other — contract with customer, liability decreased by 12.5% year-over-year, from $32.00M to $28.00M.

What is the long-term trend for Nasdaq, Inc.'s other — contract with customer, liability?

Over 2 years (2023 to 2025), Nasdaq, Inc.'s other — contract with customer, liability has grown at a 8.8% compound annual growth rate (CAGR), from $93.00M to $110.00M.

What does other — contract with customer, liability mean?

The amount of revenue collected in advance for international listing services that has not yet been earned.

Products & Services · Contract with Customer, Liability

Other — Contract with Customer, Liability

Nasdaq, Inc. Other — Contract with Customer, Liability increased by 16.7% to $28.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 12.5%, from $32.00M to $28.00M. Over 2 years (FY 2023 to FY 2025), Other — Contract with Customer, Liability shows an upward trend with a 8.8% CAGR.

Analysis

StatementSegment

CategoryLiquidity

SignalContext dependent

VolatilityModerate

First reportedQ4 2021

Last reportedQ1 2026

Rolls up toContract with Customer, Liability

How to read this metric

An increase suggests higher upfront billings for international listings, while a decrease indicates the recognition of previously deferred revenue.

Detailed definition

This represents the deferred revenue or contract liability arising from non-US listing services where fees have been col...

Peer comparison

Similar to deferred revenue or unearned income accounts found in other exchange operators or subscription-based software companies.

Metric ID: ndaq_segment_other_contract_with_customer_liability

Historical Data

15 periods

	Q4 '21	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	$25.00M	$21.00M	$26.00M	$24.00M	$22.00M	$21.00M	$28.00M	$27.00M	$26.00M	$23.00M	$32.00M	$28.00M	$26.00M	$24.00M	$28.00M
QoQ Change	—	-16.0%	+23.8%	-7.7%	-8.3%	-4.5%	+33.3%	-3.6%	-3.7%	-11.5%	+39.1%	-12.5%	-7.1%	-7.7%	+16.7%
YoY Change	—	-16.0%	—	—	—	+0.0%	+7.7%	+12.5%	+18.2%	+9.5%	+14.3%	+3.7%	+0.0%	+4.3%	-12.5%

Range$21.00M – $32.00M

CAGR+3.3%

Avg YoY Growth+3.8%

Median YoY Growth+4.3%

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Frequently Asked Questions

What is Nasdaq, Inc.'s other — contract with customer, liability?: Nasdaq, Inc. (NDAQ) reported other — contract with customer, liability of $28.00M in Q1 2026.
How has Nasdaq, Inc.'s other — contract with customer, liability changed year-over-year?: Nasdaq, Inc.'s other — contract with customer, liability decreased by 12.5% year-over-year, from $32.00M to $28.00M.
What is the long-term trend for Nasdaq, Inc.'s other — contract with customer, liability?: Over 2 years (2023 to 2025), Nasdaq, Inc.'s other — contract with customer, liability has grown at a 8.8% compound annual growth rate (CAGR), from $93.00M to $110.00M.
What does other — contract with customer, liability mean?: The amount of revenue collected in advance for international listing services that has not yet been earned.