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Nasdaq, Inc. NDAQ Market Services — Purchases of property and equipment

Other segment segments

Financial Technology
$44M+33.3%
Capital Access Platforms
$15M+15.4%

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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$44.43B-12.2%
Enterprise value$53.24B-5.9%
P/E23.2×-10.3×
P/S5.4×-0.9×

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 us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

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 market services — purchases of property and equipment?
Nasdaq, Inc. (NDAQ) reported market services — purchases of property and equipment of $12M in Q1 2026.
How has Nasdaq, Inc.'s market services — purchases of property and equipment changed year-over-year?
Nasdaq, Inc.'s market services — purchases of property and equipment decreased by 14.3% year-over-year, from $14M to $12M.
What is the long-term trend for Nasdaq, Inc.'s market services — purchases of property and equipment?
Over 4 years (2021 to 2025), Nasdaq, Inc.'s market services — purchases of property and equipment has grown at a 3.7% compound annual growth rate (CAGR), from $58M to $67M.
What does market services — purchases of property and equipment mean?
This metric represents the capital expenditures specifically allocated to the Market Services segment, covering investments in physical infrastructure, trading technology hardware, and data center facilities. It reflects the ongoing commitment to maintaining and upgrading the high-performance systems required for exchange operations and transaction processing. These expenditures are critical for ensuring market reliability, low-latency performance, and competitive technological positioning within the financial services industry.