Nasdaq, Inc. Market Services — Purchases of property and equipment decreased by 47.8% to $12.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 14.3%, from $14.00M to $12.00M. Over 4 years (FY 2021 to FY 2025), Market Services — Purchases of property and equipment shows an upward trend with a 3.3% CAGR.
An increase suggests significant investment in infrastructure upgrades or capacity expansion to support trading volumes, while a decrease may indicate a period of maintenance-focused spending or completed infrastructure cycles.
This metric represents the capital expenditures specifically allocated to the Market Services segment, covering investme...
Peers in the exchange and financial technology sector typically report this as segment-level capital expenditure, which is often benchmarked against total segment revenue to assess capital intensity.
ndaq_segment_market_services_purchases_of_property_and_equipment| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.50M | $14.50M | $14.50M | $13.25M | $13.25M | $13.25M | $13.25M | $13.75M | $13.75M | $13.75M | $13.75M | $10.00M | $16.00M | $14.00M | $10.00M | $14.00M | $15.00M | $14.00M | $23.00M | $12.00M |
| QoQ Change | — | +0.0% | +0.0% | -8.6% | +0.0% | +0.0% | +0.0% | +3.8% | +0.0% | +0.0% | +0.0% | -27.3% | +60.0% | -12.5% | -28.6% | +40.0% | +7.1% | -6.7% | +64.3% | -47.8% |
| YoY Change | — | — | — | — | -8.6% | -8.6% | -8.6% | +3.8% | +3.8% | +3.8% | +3.8% | -27.3% | +16.4% | +1.8% | -27.3% | +40.0% | -6.3% | +0.0% | +130.0% | -14.3% |