What is Nasdaq, Inc.'s capital markets technology — 2026?

Nasdaq, Inc. (NDAQ) reported capital markets technology — 2026 of $158M in Q1 2026.

How has Nasdaq, Inc.'s capital markets technology — 2026 changed year-over-year?

Nasdaq, Inc.'s capital markets technology — 2026 increased by 5.3% year-over-year, from $150M to $158M.

What does capital markets technology — 2026 mean?

Represents the portion of existing Capital Markets Technology contract liabilities expected to be recognized as revenue in the fiscal year 2026. This provides a forward-looking view of the revenue pipeline for the technology segment. It helps investors model long-term revenue predictability.

Nasdaq, Inc. NDAQ Capital Markets Technology — 2026

Other product segments

Annual Listings

$294M+8.1%

Workflow & Insights

$202M+2.5%

Financial Crime Management Technology

$181M+19.9%

Regulatory Technology

$149M+27.4%

Initial Listings

$31M+14.8%

Other

$15M-25.0%

Similar metrics at other companies

FISCapital Market Solutions — Revenue

$823M+4.6%

BRCapital markets — Revenue

$295.5M+2.1%

OPYCapital Markets — Total revenue from contracts with customers

$189.12M+53.4%

DFINCapital Markets Software Solutions — Revenue

$58.6M+12.9%

DUOTContract Liabilities Technology Systems

-$42.03K+77.5%

DUOTTechnology Systems — Contract With Customer Liability Current

$92.3K—

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$44.58B-5.7%

Enterprise value$53.39B-0.1%

P/E23.3×-8.0×

P/S5.4×-0.5×

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 ratio1×0.0×

Where this comes from

Reported directly by Nasdaq, Inc. in its filing.

Tagged under the XBRL concept ndaq:ContractWithCustomerLiabilityExpectedToBeRecognizedRemainderOfFiscalYear.

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 markets technology — 2026?: Nasdaq, Inc. (NDAQ) reported capital markets technology — 2026 of $158M in Q1 2026.
How has Nasdaq, Inc.'s capital markets technology — 2026 changed year-over-year?: Nasdaq, Inc.'s capital markets technology — 2026 increased by 5.3% year-over-year, from $150M to $158M.
What does capital markets technology — 2026 mean?: Represents the portion of existing Capital Markets Technology contract liabilities expected to be recognized as revenue in the fiscal year 2026. This provides a forward-looking view of the revenue pipeline for the technology segment. It helps investors model long-term revenue predictability.