Nasdaq, Inc. Regulatory Technology — Contract with Customer, Liability decreased by 3.6% to $160.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 30.1%, from $123.00M to $160.00M.
An increase suggests strong upfront billing or growth in long-term service contracts, while a decrease may indicate revenue recognition outpacing new bookings.
This represents the deferred revenue balance specifically associated with regulatory technology service contracts. It re...
Similar to deferred revenue or contract liabilities found in other SaaS and financial technology firms.
ndaq_segment_regulatory_technology_contract_with_customer_liability| Q4 '22 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.00M | $68.00M | $62.00M | $62.00M | $107.00M | $147.00M | $123.00M | $118.00M | $119.00M | $166.00M | $160.00M |
| QoQ Change | — | >999% | -8.8% | +0.0% | +72.6% | +37.4% | -16.3% | -4.1% | +0.8% | +39.5% | -3.6% |
| YoY Change | — | >999% | — | — | — | +116.2% | +98.4% | +90.3% | +11.2% | +12.9% | +30.1% |