Business Segments · Directly consumed expenses
Financial Technology — Directly consumed expenses
Nasdaq, Inc. Financial Technology — Directly consumed expenses increased by 3.1% to $233.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.7%, from $205.00M to $233.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026
Rolls up toTotal Operating Expenses
How to read this metric
An increase relative to revenue may indicate rising costs of service delivery or inefficiencies in the technology stack.
Detailed definition
Includes the operating costs that are directly attributable to the delivery of financial technology services, such as sp...
Peer comparison
Comparable to direct operating expenses or cost of goods sold (COGS) for technology-focused business units.
Metric ID:
ndaq_segment_financial_technology_directly_consumed_expensesHistorical Data
12 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $134.00M | $134.00M | $134.00M | $134.00M | $193.00M | $199.00M | $203.00M | $205.00M | $220.00M | $220.00M | $226.00M | $233.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +44.0% | +3.1% | +2.0% | +1.0% | +7.3% | +0.0% | +2.7% | +3.1% |
| YoY Change | — | — | — | — | +44.0% | +48.5% | +51.5% | +6.2% | +10.6% | +8.4% | — | +13.7% |
Range$134.00M – $233.00M
CAGR+22.3%
Avg YoY Growth+26.1%
Median YoY Growth+13.7%
Current Streak11+ quarters growth
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Frequently Asked Questions
- What is Nasdaq, Inc.'s financial technology — directly consumed expenses?
- Nasdaq, Inc. (NDAQ) reported financial technology — directly consumed expenses of $233.00M 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 $205.00M to $233.00M.
- What does financial technology — directly consumed expenses mean?
- The direct operating costs required to run and maintain the financial technology business.