What is Nasdaq, Inc.'s capex?

Nasdaq, Inc. (NDAQ) reported capex of $60M in Q1 2026.

How has Nasdaq, Inc.'s capex changed year-over-year?

Nasdaq, Inc.'s capex increased by 22.4% year-over-year, from $49M to $60M.

What is the long-term trend for Nasdaq, Inc.'s capex?

Over 4 years (2021 to 2025), Nasdaq, Inc.'s capex has grown at a 13.0% compound annual growth rate (CAGR), from $163M to $266M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Nasdaq, Inc. NDAQ CapEx

CapEx at other companies

S&P GlobalSPGI

$27M-37.2%

BGC Group, Inc.BGC

$4.82M-8.2%

Cboe Global MarketsCBOE

$19.2M+30.6%

MSCIMSCI

$2.8M-75.9%

Intercontinental ExchangeICE

$64M-24.7%

Tradeweb Markets Inc.TW

$9.6M+483%

Other financials

Income statement

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Revenue$2.1B+2.0%

Gross profit$1.4B+13.7%

Operating income$657.0M+20.1%

Net income$519.0M+31.4%

EPS (diluted)$0.91+33.8%

Balance sheet

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Cash & equivalents$1.1B-76.0%

Total debt$9.9B-2.2%

Total equity$12.0B+4.2%

Total assets$27.3B-10.9%

Cash flow

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Operating cash flow$689.0M+3.9%

Free cash flow$629.0M+2.4%

Valuation

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Market cap$43.91B-11.2%

Enterprise value$52.73B-3.9%

P/E23×-15.7×

P/S5.3×-1.0×

Profitability

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Gross margin65.2%+4.2pp

Operating margin29.4%+4.6pp

Net margin23%+6.7pp

FCF margin24.1%+0.4pp

Returns & leverage

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Return on equity16.2%+4.8pp

Debt / equity0.8×-0.1×

Current ratio1×0.0×

Where this comes from

Reported directly by Nasdaq, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Nasdaq, Inc.’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nasdaq, Inc.'s capex?: Nasdaq, Inc. (NDAQ) reported capex of $60M in Q1 2026.
How has Nasdaq, Inc.'s capex changed year-over-year?: Nasdaq, Inc.'s capex increased by 22.4% year-over-year, from $49M to $60M.
What is the long-term trend for Nasdaq, Inc.'s capex?: Over 4 years (2021 to 2025), Nasdaq, Inc.'s capex has grown at a 13.0% compound annual growth rate (CAGR), from $163M to $266M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.