Nasdaq, Inc. NDAQ Financial Technology — Directly consumed expenses

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Questions, answered.

What is Nasdaq, Inc.'s financial technology — directly consumed expenses?

Nasdaq, Inc. (NDAQ) reported financial technology — directly consumed expenses of $233M in Q1 2026.

How has Nasdaq, Inc.'s financial technology — directly consumed expenses changed year-over-year?

Nasdaq, Inc.'s financial technology — directly consumed expenses increased by 13.7% year-over-year, from $205M to $233M.

What does financial technology — directly consumed expenses mean?

Includes the operating costs that are directly attributable to the delivery of financial technology services, such as specific personnel, infrastructure maintenance, and software development costs. This metric helps isolate the direct cost of production for the segment.