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Nasdaq, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Nasdaq, Inc. holds $27.3B in total assets. Shareholders' equity is $12.0B against $9.9B in total debt. Cash and equivalents total $1.1B. The current ratio is 0.996 and debt-to-equity is 0.827. Based on the Q1 2026 filing.

Total Assets$27.3BTotal Stockholders Equity$12.0BLong Term Debt$9.0BCash And Equivalents$1.1BTotal Current Assets$4.4BTotal Current Liabilities$4.4B
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$49.1B
P/E Ratio25.66
ROE16.22%

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1B$986M$896M$865M$943M$985M
Allowance for Doubtful Accounts$10M$13M$11M$11M$11M$14M
Cash and cash equivalents$5B$4.7B$4.2B$4.4B$3.9B$1.1B
Default Funds And Margin Deposits Assets$5.7B$5.7B$5.2B$5.8B$5.8B$2.3B
Other current assets$293M$237M$227M$232M$376M$388M
Restricted cash$31M$18M$195M$227M$210M$49M
Total current assets$7.8B$7.8B$7.4B$7.6B$8B$4.4B
Trading Securities in Marketable Securities$121M$123M$133M$199M$175M$160M

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Manufacturing Costs$325M$198M$280M$313M$364M$209M
Accounts payable and other current liabilities (Note 11)$269M$255M$246M$256M$280M$245M
Default funds and margin deposits$5.7B$5.7B$5.2B$5.8B$5.8B$2.3B
Compensation and benefits$325M$198M$280M$313M$364M$209M
Other accrued liabilities$215M$187M$154M$236M$259M$160M
Current portion of long-term debt$898M$400M$500M$431M$431M$431M
Deferred revenue$711M$981M$848M$719M$785M$1.1B
Operating Lease Liability Payments - 2024 (Lessee)—$61M$73M$76M—$90M
Operating Lease Liability Payments - 2025 (Lessee)—$56M$67M$70M—$77M
Operating lease liabilities, current$55M$55M$57M$56M$60M$72M
Short-term borrowings$898M$400M$500M$431M$431M$431M
Total current liabilities$7.9B$8B$7.7B$7.7B$8B$4.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$5.5B$5.5B$5.4B$5.4B$5.1B$4.6B
Accumulated other comprehensive income (loss)-$2.1B-$1.9B-$1.9B-$1.8B-$1.8B-$1.8B
Common stock$6M$6M$6M$6M$6M$6M
Retained earnings$8.4B$8.7B$9B$9.2B$9.6B$10B
Share Repurchase Program - Amount Remaining—$1.6B$1.5B$1.4B—$3B
Total liabilities and stockholders' equity$30.4B$30.6B$30.4B$30.7B$31.1B$27.3B
Total stockholders' equity$11.2B$11.5B$11.8B$12B$12.2B$12B
Treasury stock$647M$672M$706M$710M$716M$747M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis—————$125M
Accounts Receivable, Allowance for Credit Loss$10M$13M$11M$11M$11M$14M
Common stock, capital shares reserved for future issuance—23.2M21.3M21.5M—21.7M
Common stock holder voting rights, maximum percentage of the then-outstanding shares of Nasdaq common stock$0.1$0.1$0.1$0.1—$0.1
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)900M900M900M900M900M900M
Common stock, shares issued (in shares)598.9M598.1M598.5M597.4M594.6M589.8M
Common Stock, Shares, Outstanding575.1M574M573.9M572.7M569.9M564.8M
Contract with Customer, Liability$788M$1.1B$929M$801M$873M$1.2B
2029—$11M$12M$17M—$16M
2031+—$3M$5M$7M—$3M
2028—$25M$31M$33M—$26M
2026—$934M$693M$378M—$1B
2027—$80M$182M$357M—$97M
2030—$5M$6M$9M—$8M
Short-term debt and current portion of long-term debt$399M$400M$500M$431M$431M$431M
Default fund contributions—$1.3B$1.3B$1.5B—$376M
Default Fund Contributions And Margin Deposits—$11.7B$12.1B$12B—$8.1B
Deferred income taxes$1.6B$1.6B$1.5B$1.6B$1.6B$1.6B
Market value of derivative contracts—$1.1B$1.6B$1.3B—$1.2B
Equity method investments (Note 11)$417M$444M$467M$491M$512M$538M
Trading securities, cost$121M$123M$133M$199M$175M$160M
Financial guarantees obtained$4M$4M$4M$4M$4M$4M
2031+—$3.4B$3.4B$3.4B—$3.2B
Finite-Lived Intangible Assets, Accumulated Amortization$1.4B$1.5B$1.7B$1.8B$1.9B$2B
2028—$494M$494M$493M—$460M
2030—$433M$433M$433M—$270M
Remainder of 2026—$370M$246M$123M—$368M
2027—$497M$503M$503M—$507M
2029—$460M$460M$460M—$433M
Gross Carrying Amount$7.1B$7.2B$7.2B$7.2B$7.2B$7.2B
Finite Lived Intangible Assets Net Excluding Foreign Currency Translation Adjustment—$5.7B$5.6B$5.4B—$5.2B
Trademarks$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Lessee Operating Lease Liability Payments Due—$535M$611M$610M—$660M
2031+—$237M$287M$295M—$248M
Lessee Operating Lease Liability Undiscounted Excess Amount—$87M$101M$100M—$100M
Liability due to market default—$0$0$0—$0
Margin deposits—$10.5B$10.8B$10.5B—$7.7B
Noncontrolling interests in subsidiaries$9M$9M$7M$7M$5M$5M
Operating Lease Weighted Average Discount Rate Percent—4.0%4.2%4.2%—4.2%
Preferred Stock, Par or Stated Value Per Share$0.01$0.01$0.01$0.01—$0.01
Preferred Stock, Shares Authorized30M30M30M30M—30M
Preferred Stock, Shares Issued000000
Preferred Stock, Shares Outstanding000000
Restricted cash and cash equivalents (default funds and margin deposits)$4.4B$4B$3.3B$3.7B$3.1B$572M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$906M$632M$302M—$958M
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number—800K806.5K806.5K—113.6K
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number—1.4M1.4M1.4M1.4M727.5K
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price—$41.79$41.79$41.79$41.79$60.42
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value—$48M$68M$66M—$18M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price—$22.23$22.23$22.23—$22.23
Share price (in dollars per share)—$75.86$89.42$88.45—$84.89
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value—$43M$54M$53M—$7M
Share Repurchase Program, Remaining Authorized, Amount—$1.6B$1.5B$1.4B—$3B
Common stock (in votes per share)1.001.001.001.00—1.00
Treasury stock, shares (in shares)23.9M24.2M24.6M24.7M24.7M25.1M
Unrecorded Unconditional Purchase Obligation—$65M$19M$18M—$46M
Remainder of Fiscal Year 2024—$57M$36M$17M—$69M
Cumulative Restructuring Costs Since Inception—————$125M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$779M$818M$865M$972M$993M$1B
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$121M$123M$133M$199M$175M$160M
Goodwill$14B$14.2B$14.3B$14.3B$14.4B$14.3B
Indefinite-Lived Intangible Assets$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Indefinite-Lived Intangible Assets, Gross$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Indefinite-Lived Research and Development Assets$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Indefinite-Lived Trademarks$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Investments - Amortized Cost Basis$121M$123M$133M$199M$175M$160M
Net Investment in Lease$375M$381M$441M$440M$447M$485M
Intangible assets — net$5.7B$5.6B$5.5B$5.4B$5.3B$5.1B
Other intangible assets—net$6.9B$6.8B$6.7B$6.6B$6.5B$6.4B
Operating lease right-of-use assets$375M$381M$441M$440M$447M$485M
Other non-current assets$779M$818M$865M$972M$993M$1B
Trading account securities$184M$201M$84M$53M$28M$184M
Operating Lease Right-of-Use Assets in Other Assets$375M$381M$441M$440M$447M$485M
Property and equipment, net$593M$621M$656M$689M$728M$739M
Software and Technology Licenses, Net$779M$818M$865M$972M$993M$1B
Total assets$30.4B$30.6B$30.4B$30.7B$31.1B$27.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating Lease Liability Payments - 2026 (Lessee)—$58M$70M$72M—$83M
Operating Lease Liability Payments - 2027 (Lessee)—$58M$70M$72M—$83M
Operating Lease Liability Payments - 2028 (Lessee)—$56M$67M$70M—$77M
Long-term debt$9.5B$9.3B$9.2B$9.1B$9B$9B
Operating lease liabilities, non-current$388M$393M$453M$454M$462M$488M
Operating Lease Liabilities (Total)$443M$448M$510M$510M$522M$560M
Other non-current liabilities$230M$216M$237M$234M$241M$247M
Total liabilities$19.2B$19.1B$18.6B$18.6B$18.8B$15.3B