What is Nasdaq, Inc.'s restricted cash?

Nasdaq, Inc. (NDAQ) reported restricted cash of $49M in Q1 2026.

How has Nasdaq, Inc.'s restricted cash changed year-over-year?

Nasdaq, Inc.'s restricted cash increased by 172.2% year-over-year, from $18M to $49M.

What is the long-term trend for Nasdaq, Inc.'s restricted cash?

Over 5 years (2020 to 2025), Nasdaq, Inc.'s restricted cash has grown at a 41.5% compound annual growth rate (CAGR), from $37M to $210M.

What does restricted cash mean?

Cash restricted for specific purposes by contractual, regulatory, or legal requirements — not available for general corporate use.

Nasdaq, Inc. NDAQ Restricted Cash

Restricted Cash at other companies

S&P GlobalSPGI

$0—

BGC Group, Inc.BGC

$22.12M+14.0%

MSCIMSCI

$3.6M+1.0%

Intercontinental ExchangeICE

$631M-48.9%

Tradeweb Markets Inc.TW

$1M0.0%

Cboe Global MarketsCBOE

——

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-12.2%

Enterprise value$53.39B-5.9%

P/E23.3×-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 ratio1×0.0×

Where this comes from

Reported directly by Nasdaq, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RestrictedCashAndCashEquivalentsAtCarryingValue.

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 restricted cash?: Nasdaq, Inc. (NDAQ) reported restricted cash of $49M in Q1 2026.
How has Nasdaq, Inc.'s restricted cash changed year-over-year?: Nasdaq, Inc.'s restricted cash increased by 172.2% year-over-year, from $18M to $49M.
What is the long-term trend for Nasdaq, Inc.'s restricted cash?: Over 5 years (2020 to 2025), Nasdaq, Inc.'s restricted cash has grown at a 41.5% compound annual growth rate (CAGR), from $37M to $210M.
What does restricted cash mean?: Cash restricted for specific purposes by contractual, regulatory, or legal requirements — not available for general corporate use.