What is Nasdaq, Inc.'s capital markets technology — 2031+?

Nasdaq, Inc. (NDAQ) reported capital markets technology — 2031+ of $0 in Q1 2026.

What does capital markets technology — 2031+ mean?

Represents the portion of existing Capital Markets Technology contract liabilities expected to be recognized as revenue in the fiscal year 2031 and beyond. This captures the long-tail of the revenue backlog for the technology segment. It reflects the company's ability to lock in multi-year enterprise technology contracts.

Nasdaq, Inc. NDAQ Capital Markets Technology — 2031+

Other product segments

Initial Listings

$3M0.0%

Annual Listings

$0—

Financial Crime Management Technology

$0—

Other

$0—

Regulatory Technology

$0—

Workflow & Insights

$0—

Similar metrics at other companies

DCOElectronic Systems — 2030

$1.49M-71.7%

DUOTContract Liabilities Technology Systems

-$42.03K+77.5%

APOAsset Management — 2031 and Thereafter

$3.9B+23.8%

DUOTContract Liabilities Technology Solutions

$1.76M+523%

DUOTContract Liabilities Current Technology Solutions

$2.9M—

DUOTContract Liabilities Current Technologysystems

$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:ContractWithCustomerLiabilityExpectedToBeRecognizedAfterYearFour.

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 — 2031+?: Nasdaq, Inc. (NDAQ) reported capital markets technology — 2031+ of $0 in Q1 2026.
What does capital markets technology — 2031+ mean?: Represents the portion of existing Capital Markets Technology contract liabilities expected to be recognized as revenue in the fiscal year 2031 and beyond. This captures the long-tail of the revenue backlog for the technology segment. It reflects the company's ability to lock in multi-year enterprise technology contracts.