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Nasdaq, Inc. NDAQ Initial Listings — 2029

Other product segments

Capital Markets Technology
$3M+200%
Other
$2M+100%
Annual Listings
$0
Financial Crime Management Technology
$0-100%
Regulatory Technology
$0
Workflow & Insights
$0

Similar metrics at other companies

Intercontinental Exchange logo
ICEAnnual Listing Revenue — Total deferred revenue
$464M+1.3%
Intercontinental Exchange logo
ICEListings — Total revenues
$128M+4.9%
Intercontinental Exchange logo
ICEAnnual Listing Revenue — Contract With Customer, Liability, Including New Contract Revenue, Recognized
$128M+4.9%
Paylocity logo
PCTYImplementation services and other — Deferred revenue from nonrefundable upfront fees expected to be recognized in fiscal 2028 and thereafter
$5.92M+74.3%
Intercontinental Exchange logo
ICEAnnual Listing Revenue — Additions
$473M+2.6%
Paylocity logo
PCTYImplementation services and other — Deferred revenue from nonrefundable upfront fees expected to be recognized in fiscal 2026
$10.88M+0.5%

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 ratio0.0×

Where this comes from

Reported directly by Nasdaq, Inc. in its filing.

Tagged under the XBRL concept ndaq:ContractWithCustomerLiabilityExpectedToBeRecognizedInYearThree.

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 initial listings — 2029?
Nasdaq, Inc. (NDAQ) reported initial listings — 2029 of $11M in Q1 2026.
How has Nasdaq, Inc.'s initial listings — 2029 changed year-over-year?
Nasdaq, Inc.'s initial listings — 2029 increased by 37.5% year-over-year, from $8M to $11M.
What is the long-term trend for Nasdaq, Inc.'s initial listings — 2029?
Over 2 years (2023 to 2025), Nasdaq, Inc.'s initial listings — 2029 has grown at a -11.6% compound annual growth rate (CAGR), from $55M to $43M.
What does initial listings — 2029 mean?
This represents the portion of deferred revenue from initial listing fees that is contractually expected to be recognized as revenue in the fiscal year 2029. It reflects the long-term contractual commitment of companies listed on the exchange. This data point is critical for long-term financial forecasting and valuation.