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Nasdaq, Inc. NDAQ Capital Access Platforms — D&A

Other segment segments

Financial Technology
$19M+58.3%
Market Services
$12M+9.1%

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OSKAccess — D&A
$22.4M+19.8%
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JLLCapital Markets Services — D&A
$10.4M-45.0%
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WDCapital Markets — D&A
$1.15M+0.4%
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DFINCapital Markets Software Solutions — D&A
$7.6M+8.6%
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EATCorporate Segment and Other Operating Segment — D&A
$2.8M+21.7%
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DOWCorporate Segment — D&A
$9M+50.0%

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

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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 ratio0.0×

Where this comes from

Reported directly by Nasdaq, Inc. in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAndAmortization.

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 capital access platforms — D&A?
Nasdaq, Inc. (NDAQ) reported capital access platforms — D&A of $13M in Q1 2026.
How has Nasdaq, Inc.'s capital access platforms — D&A changed year-over-year?
Nasdaq, Inc.'s capital access platforms — D&A increased by 30.0% year-over-year, from $10M to $13M.
What is the long-term trend for Nasdaq, Inc.'s capital access platforms — D&A?
Over 4 years (2021 to 2025), Nasdaq, Inc.'s capital access platforms — D&A has grown at a 4.8% compound annual growth rate (CAGR), from $34M to $41M.
What does capital access platforms — D&A mean?
This metric represents the non-cash allocation of costs for tangible and intangible assets specifically utilized within the Capital Access Platforms segment. It reflects the gradual consumption of technology infrastructure, software development, and acquired assets over their useful lives. Tracking this helps investors understand the capital intensity and the ongoing reinvestment requirements of the segment.