Nasdaq, Inc. Capital Access Platforms — Directly consumed expenses increased by 1.8% to $170.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.2%, from $168.00M to $170.00M. Over 3 years (FY 2022 to FY 2025), Capital Access Platforms — Directly consumed expenses shows relatively stable performance with a 3.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A decrease relative to revenue indicates improved cost management and efficiency, while an increase may signal necessary investment in technology or headcount.
This metric tracks the operating expenses that are directly attributable to the Capital Access Platforms segment. It inc...
Standard segment-level operating expense reporting used across all industries.
ndaq_segment_capital_access_platforms_directly_consumed_expenses| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $157.50M | $157.50M | $157.50M | $157.50M | $163.25M | $163.25M | $163.25M | $163.25M | $157.00M | $169.00M | $173.00M | $175.00M | $168.00M | $180.00M | $175.00M | $167.00M | $170.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +3.7% | +0.0% | +0.0% | +0.0% | -3.8% | +7.6% | +2.4% | +1.2% | -4.0% | +7.1% | -2.8% | -4.6% | +1.8% |
| YoY Change | — | — | — | — | +3.7% | +3.7% | +3.7% | +3.7% | -3.8% | +3.5% | +6.0% | +7.2% | +7.0% | +6.5% | +1.2% | -4.6% | +1.2% |