What is Nasdaq, Inc.'s G&A?

Nasdaq, Inc. (NDAQ) reported G&A of $23M in Q2 2026.

How has Nasdaq, Inc.'s G&A changed year-over-year?

Nasdaq, Inc.'s G&A decreased by 0.0% year-over-year, from $23M to $23M.

What is the long-term trend for Nasdaq, Inc.'s G&A?

Over 4 years (2021 to 2025), Nasdaq, Inc.'s G&A has grown at a -3.4% compound annual growth rate (CAGR), from $86M to $75M.

Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

Nasdaq, Inc. NDAQ G&A

G&A at other companies

MSCIMSCI

$46.2M+20.6%

MarketAxessMKTX

$5.74M+0.4%

Freedom HoldingFRHC

$63.39M+132%

Virtu FinancialVIRT

$29.07M+31.3%

SoFi Technologies, Inc.SOFI

$216.8M+31.1%

Other financials

Income statement

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Revenue$2.5B+20.5%

Gross profit$1.5B+14.9%

Operating income$712.0M+25.4%

Net income$507.0M+12.2%

EPS (diluted)$0.89+14.1%

Balance sheet

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Cash & equivalents$800.0M-81.0%

Total debt$9.6B-5.9%

Total equity$12.0B+1.5%

Total assets$27.3B-10.0%

Cash flow

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Operating cash flow$711.0M-4.7%

CapEx$77.0M+30.5%

Free cash flow$634.0M-7.7%

Valuation

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Market cap$53.64B-3.0%

Enterprise value$62.43B+1.9%

P/E27.3×-9.4×

P/S6.1×-0.7×

Profitability

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Gross margin64.2%+3.7pp

Operating margin29.5%+3.9pp

Net margin22.5%+3.9pp

FCF margin22.3%-4.0pp

Returns & leverage

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Return on equity16.5%+3.2pp

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:GeneralAndAdministrativeExpense.

The official record: Nasdaq, Inc.’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nasdaq, Inc.'s G&A?: Nasdaq, Inc. (NDAQ) reported G&A of $23M in Q2 2026.
How has Nasdaq, Inc.'s G&A changed year-over-year?: Nasdaq, Inc.'s G&A decreased by 0.0% year-over-year, from $23M to $23M.
What is the long-term trend for Nasdaq, Inc.'s G&A?: Over 4 years (2021 to 2025), Nasdaq, Inc.'s G&A has grown at a -3.4% compound annual growth rate (CAGR), from $86M to $75M.
What does G&A mean?: Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.