What is Nasdaq, Inc.'s deferred taxes?

Nasdaq, Inc. (NDAQ) reported deferred taxes of $12M in Q1 2026.

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

Nasdaq, Inc.'s deferred taxes increased by 100.0% year-over-year, from $6M to $12M.

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

Over 3 years (2021 to 2025), Nasdaq, Inc.'s deferred taxes has grown at a -20.1% compound annual growth rate (CAGR), from $94M to $48M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Nasdaq, Inc. NDAQ Deferred Taxes

Deferred Taxes at other companies

S&P GlobalSPGI

-$50M+20.6%

BGC Group, Inc.BGC

$1.71M-51.4%

Cboe Global MarketsCBOE

$48.9M+889%

MSCIMSCI

-$82.5M-2,526%

Intercontinental ExchangeICE

$140M+333%

Tradeweb Markets Inc.TW

$21.41M+123%

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%

CapEx$60.0M+22.4%

Free cash flow$629.0M+2.4%

Valuation

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Market cap$44.58B-11.8%

Enterprise value$53.39B-5.6%

P/E23.3×-10.2×

P/S5.4×-0.9×

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:DeferredIncomeTaxExpenseBenefit.

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 deferred taxes?: Nasdaq, Inc. (NDAQ) reported deferred taxes of $12M in Q1 2026.
How has Nasdaq, Inc.'s deferred taxes changed year-over-year?: Nasdaq, Inc.'s deferred taxes increased by 100.0% year-over-year, from $6M to $12M.
What is the long-term trend for Nasdaq, Inc.'s deferred taxes?: Over 3 years (2021 to 2025), Nasdaq, Inc.'s deferred taxes has grown at a -20.1% compound annual growth rate (CAGR), from $94M to $48M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.