What is Nasdaq, Inc.'s capital markets technology — 2028?

Nasdaq, Inc. (NDAQ) reported capital markets technology — 2028 of $3M in Q1 2026.

How has Nasdaq, Inc.'s capital markets technology — 2028 changed year-over-year?

Nasdaq, Inc.'s capital markets technology — 2028 increased by 50.0% year-over-year, from $2M to $3M.

What does capital markets technology — 2028 mean?

Represents the portion of existing Capital Markets Technology contract liabilities expected to be recognized as revenue in the fiscal year 2028. This metric provides visibility into the long-term stability of the technology segment's client base. It reflects the duration of multi-year software and service contracts.

Nasdaq, Inc. NDAQ Capital Markets Technology — 2028

Other product segments

Initial Listings

$17M-5.6%

Other

$4M0.0%

Financial Crime Management Technology

$2M+100%

Annual Listings

$0—

Regulatory Technology

$0—

Workflow & Insights

$0—

Similar metrics at other companies

DUOTTechnology Systems — Contract With Customer Liability Current

$92.3K—

DUOTContract Liabilities Technology Systems

-$42.03K+77.5%

DCOElectronic Systems — 2028

$9.29M0.0%

DFINCapital Markets Software Solutions — Segment Expenditure Addition To Long Lived Assets

$5.3M-14.5%

BRCapital markets — Revenue

$295.5M+2.1%

DUOTContract Liabilities Current Technologysystems

$92.3K—

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$689.0M+3.9%

CapEx$60.0M+22.4%

Free cash flow$629.0M+2.4%

Valuation

See full

Market cap$44.58B-5.7%

Enterprise value$53.39B-0.1%

P/E23.3×-8.0×

P/S5.4×-0.5×

Profitability

See full

Gross margin65.2%+4.2pp

Operating margin29.4%+4.6pp

Net margin23%+6.7pp

FCF margin24.1%+0.4pp

Returns & leverage

See full

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:ContractWithCustomerLiabilityExpectedToBeRecognizedInYearTwo.

The official record: Nasdaq, Inc.’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

Ask your AI about Nasdaq, Inc.'s capital markets technology — 2028.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Nasdaq, Inc.'s capital markets technology — 2028?: Nasdaq, Inc. (NDAQ) reported capital markets technology — 2028 of $3M in Q1 2026.
How has Nasdaq, Inc.'s capital markets technology — 2028 changed year-over-year?: Nasdaq, Inc.'s capital markets technology — 2028 increased by 50.0% year-over-year, from $2M to $3M.
What does capital markets technology — 2028 mean?: Represents the portion of existing Capital Markets Technology contract liabilities expected to be recognized as revenue in the fiscal year 2028. This metric provides visibility into the long-term stability of the technology segment's client base. It reflects the duration of multi-year software and service contracts.