What is Nasdaq, Inc.'s goodwill?

Nasdaq, Inc. (NDAQ) reported goodwill of $14.31B in Q1 2026.

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

Nasdaq, Inc.'s goodwill increased by 0.9% year-over-year, from $14.18B to $14.31B.

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

Over 5 years (2020 to 2025), Nasdaq, Inc.'s goodwill has grown at a 16.0% compound annual growth rate (CAGR), from $6.85B to $14.37B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Nasdaq, Inc. NDAQ Goodwill

Goodwill at other companies

S&P GlobalSPGI

$36.36B+4.0%

BGC Group, Inc.BGC

$646.57M+19.6%

Cboe Global MarketsCBOE

$3.14B+0.3%

MSCIMSCI

$2.96B+1.5%

Intercontinental ExchangeICE

$30.63B+0.1%

Tradeweb Markets Inc.TW

$3.15B0.0%

Segments

By segment

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Financial Technology$7.95B+0.1%

Capital Access Platforms$4.26B+0.9%

Market Services$2.1B+4.0%

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$43.91B-11.2%

Enterprise value$52.73B-3.9%

P/E23×-15.7×

P/S5.3×-1.0×

Profitability

See full

Gross margin65.2%+4.2pp

Operating margin29.4%+4.6pp

Net margin23%+6.7pp

FCF margin24.1%+0.4pp

Returns & leverage

See full

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:Goodwill.

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 goodwill?: Nasdaq, Inc. (NDAQ) reported goodwill of $14.31B in Q1 2026.
How has Nasdaq, Inc.'s goodwill changed year-over-year?: Nasdaq, Inc.'s goodwill increased by 0.9% year-over-year, from $14.18B to $14.31B.
What is the long-term trend for Nasdaq, Inc.'s goodwill?: Over 5 years (2020 to 2025), Nasdaq, Inc.'s goodwill has grown at a 16.0% compound annual growth rate (CAGR), from $6.85B to $14.37B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.