Contract with Customer, Liability
Nasdaq, Inc. Contract with Customer, Liability increased by 35.2% to $1.18B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.5%, from $1.06B to $1.18B. Over 5 years (FY 2020 to FY 2025), Contract with Customer, Liability shows an upward trend with a 23.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase often signals strong future revenue visibility, while a decrease may indicate the fulfillment of service obligations.
Detailed definition
This represents the obligation to transfer services to a customer for which the entity has received consideration or for...
Peer comparison
Common in businesses with subscription or recurring service models where upfront payments are standard.
other_contract_with_customer_liabilityHistorical Data
| 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 | $545.00M | $484.00M | $448.00M | $735.00M | $628.00M | $510.00M | $448.00M | $748.00M | $636.00M | $533.00M | $675.00M | $944.00M | $814.00M | $741.00M | $788.00M | $1.06B | $929.00M | $801.00M | $873.00M | $1.18B |
| QoQ Change | — | -11.2% | -7.4% | +64.1% | -14.6% | -18.8% | -12.2% | +67.0% | -15.0% | -16.2% | +26.6% | +39.9% | -13.8% | -9.0% | +6.3% | +34.3% | -12.2% | -13.8% | +9.0% | +35.2% |
| YoY Change | — | — | — | — | +15.2% | +5.4% | +0.0% | +1.8% | +1.3% | +4.5% | +50.7% | +26.2% | +28.0% | +39.0% | +16.7% | +12.1% | +14.1% | +8.1% | +10.8% | +11.5% |
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Annual Listings | $177.00M | $91.00M | $2.00M | $272.00M | $188.00M | $97.00M | — | $294.00M |
| Workflow & Insights | $192.00M | $192.00M | $194.00M | $213.00M | $203.00M | $205.00M | $199.00M | $219.00M |
| Financial Crime Management Technology | $134.00M | $127.00M | $148.00M | $165.00M | $158.00M | $147.00M | $189.00M | $201.00M |
| Capital Markets Technology | $132.00M | $108.00M | $185.00M | $162.00M | $141.00M | $111.00M | $196.00M | $179.00M |
| Regulatory Technology | $62.00M | $107.00M | $147.00M | $123.00M | $118.00M | $119.00M | — | $160.00M |
| Initial Listings | $90.00M | $90.00M | $89.00M | $91.00M | $93.00M | $96.00M | — | $99.00M |
| Other | $27.00M | $26.00M | $23.00M | $32.00M | $28.00M | $26.00M | — | $28.00M |
| Total | $814.00M | $741.00M | $788.00M | $1.06B | $929.00M | $801.00M | $873.00M | $1.18B |
Anti-Financial Crime was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Contract with Customer, Liability at Other Companies
Frequently Asked Questions
- What is Nasdaq, Inc.'s contract with customer, liability?
- Nasdaq, Inc. (NDAQ) reported contract with customer, liability of $1.18B in Q1 2026.
- How has Nasdaq, Inc.'s contract with customer, liability changed year-over-year?
- Nasdaq, Inc.'s contract with customer, liability increased by 11.5% year-over-year, from $1.06B to $1.18B.
- What is the long-term trend for Nasdaq, Inc.'s contract with customer, liability?
- Over 5 years (2020 to 2025), Nasdaq, Inc.'s contract with customer, liability has grown at a 23.3% compound annual growth rate (CAGR), from $306.00M to $873.00M.
- What does contract with customer, liability mean?
- Payments received from customers for services that have not yet been delivered.