Nasdaq, Inc. NDAQ Capital Access Platforms — Revenues less transaction-based expenses

Other segment segments

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Questions, answered.

What is Nasdaq, Inc.'s capital access platforms — revenues less transaction-based expenses?

Nasdaq, Inc. (NDAQ) reported capital access platforms — revenues less transaction-based expenses of $220M in Q1 2026.

How has Nasdaq, Inc.'s capital access platforms — revenues less transaction-based expenses changed year-over-year?

Nasdaq, Inc.'s capital access platforms — revenues less transaction-based expenses increased by 14.0% year-over-year, from $193M to $220M.

What is the long-term trend for Nasdaq, Inc.'s capital access platforms — revenues less transaction-based expenses?

Over 3 years (2021 to 2025), Nasdaq, Inc.'s capital access platforms — revenues less transaction-based expenses has grown at a -19.1% compound annual growth rate (CAGR), from $1.57B to $829M.

What does capital access platforms — revenues less transaction-based expenses mean?

This metric calculates the net revenue for the segment by subtracting transaction-related costs from total segment revenues. It provides a clearer view of the underlying profitability of the segment's core operations, excluding variable costs tied to trading volume. This is a standard measure for assessing the quality of earnings in exchange businesses.