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Nasdaq, Inc.
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Cost of Product and Service Sold

Cost of Product and Service Sold

Nasdaq, Inc.·Business Segments·1 segment·Rolls up to Total Cost of Revenue

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Market ServicesView metric

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Data sourced from SEC filings — methodology

OpenCapital is not affiliated with or endorsed by the U.S. Securities and Exchange Commission (SEC). All data is sourced from publicly available SEC filings.

Segment	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Market Services	$633M	$756M	$803M	$859M	$784M	$643M	$732M	$730M
Total	$633M	$756M	$803M	$859M	$784M	$643M	$732M	$730M