Nasdaq, Inc. Workflow & Insights — Contract with Customer, Liability increased by 10.1% to $219.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.8%, from $213.00M to $219.00M. Over 2 years (FY 2023 to FY 2025), Workflow & Insights — Contract with Customer, Liability shows an upward trend with a 5.3% CAGR.
An increase suggests strong future revenue visibility and successful advance billing, while a decrease may indicate lower future service obligations or faster revenue recognition.
This represents the deferred revenue balance associated with the Workflow & Insights segment, reflecting payments receiv...
Similar to deferred revenue or unearned revenue balances reported by other SaaS and financial data providers.
ndaq_segment_workflow_insights_contract_with_customer_liability| 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 | $159.00M | $172.00M | $193.00M | $184.00M | $182.00M | $180.00M | $204.00M | $192.00M | $192.00M | $194.00M | $213.00M | $203.00M | $205.00M | $199.00M | $219.00M |
| QoQ Change | — | +8.2% | +12.2% | -4.7% | -1.1% | -1.1% | +13.3% | -5.9% | +0.0% | +1.0% | +9.8% | -4.7% | +1.0% | -2.9% | +10.1% |
| YoY Change | — | +8.2% | — | — | — | +4.7% | +5.7% | +4.3% | +5.5% | +7.8% | +4.4% | +5.7% | +6.8% | +2.6% | +2.8% |