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Nasdaq, Inc. NDAQ Capital Access Platforms — Directly consumed expenses

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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:CostsAndExpenses.

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 — directly consumed expenses?
Nasdaq, Inc. (NDAQ) reported capital access platforms — directly consumed expenses of $170M in Q1 2026.
How has Nasdaq, Inc.'s capital access platforms — directly consumed expenses changed year-over-year?
Nasdaq, Inc.'s capital access platforms — directly consumed expenses increased by 5.6% year-over-year, from $161M to $170M.
What is the long-term trend for Nasdaq, Inc.'s capital access platforms — directly consumed expenses?
Over 3 years (2022 to 2025), Nasdaq, Inc.'s capital access platforms — directly consumed expenses has grown at a 2.7% compound annual growth rate (CAGR), from $630M to $683M.
What does capital access platforms — directly consumed expenses mean?
This metric tracks the operating expenses that are directly attributable to the Capital Access Platforms segment. It includes costs such as personnel, technology infrastructure, and marketing specifically allocated to this business unit. It is a key component in calculating the segment's operating margin.