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Nasdaq, Inc. NDAQ Initial Listings — Foreign Currency Translation

Other product segments

Annual Listings
-$1M-200%
Capital Markets Technology
-$1M-133%
Workflow & Insights
-$1M
Financial Crime Management Technology
$0
Other
$0-100%
Regulatory Technology
$0-100%

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MAGNForeign currency translation
$15M-40.0%
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ANGIInternational — Foreign Currency Translation
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SKINForeign currency translation
-$278K-125%

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:ContractWithCustomerLiabilityRevenueTranslationAdjustment.

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 — foreign currency translation?
Nasdaq, Inc. (NDAQ) reported initial listings — foreign currency translation of $0 in Q1 2026.
How has Nasdaq, Inc.'s initial listings — foreign currency translation changed year-over-year?
Nasdaq, Inc.'s initial listings — foreign currency translation decreased by 100.0% year-over-year, from $2M to $0.
What does initial listings — foreign currency translation mean?
This metric captures the impact of fluctuations in foreign exchange rates on the valuation of initial listing contract liabilities denominated in non-functional currencies. It reflects the non-operational adjustments required to reconcile the balance sheet value of these liabilities. This is essential for isolating operational performance from currency volatility.