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Nasdaq, Inc. NDAQ Regulatory Technology — Additions

Other product segments

Annual Listings
$293M+8.5%
Workflow & Insights
$101M+2.0%
Financial Crime Management Technology
$88M+18.9%
Capital Markets Technology
$53M+26.2%
Initial Listings
$14M+27.3%
Other
$2M

Similar metrics at other companies

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MKTXTechnology Services — Contract With Customer Liability Revenue Recognized Including Additions
$2.06M+3.8%
Portland General Electric logo
PORIncrease (Decrease) in Regulatory Liabilities
$31M+488%
Williams Companies logo
WMBRegulatory Asset
$666M+7.1%
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HCATTechnology — Revenue
$49.47M-3.9%
WEC Energy Group logo
WECRegulatory assets
$72.3M-14.4%
RGC Resources logo
RGCOIncrease (Decrease) in Regulatory Liabilities
-$101.28K+59.7%

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:ContractWithCustomerLiabilityCurrentPeriodAdditionsNetOfRecognition.

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 regulatory technology — additions?
Nasdaq, Inc. (NDAQ) reported regulatory technology — additions of $56M in Q1 2026.
How has Nasdaq, Inc.'s regulatory technology — additions changed year-over-year?
Nasdaq, Inc.'s regulatory technology — additions increased by 100.0% year-over-year, from $28M to $56M.
What is the long-term trend for Nasdaq, Inc.'s regulatory technology — additions?
Over 2 years (2023 to 2025), Nasdaq, Inc.'s regulatory technology — additions has grown at a 35.6% compound annual growth rate (CAGR), from $81M to $149M.
What does regulatory technology — additions mean?
This metric tracks the new contract liabilities or deferred revenue additions recognized within the regulatory technology segment during the period. It captures the inflow of new customer commitments that are billed in advance of service delivery.