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Directly consumed expenses

Nasdaq, Inc.·Business Segments·3 segments·Rolls up to Total Operating Expenses

Breakdown

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Technology$205.00M$220.00M$220.00M$226.00M$233.00M
Capital Access Platforms$168.00M$180.00M$175.00M$167.00M$170.00M
Market Services$88.00M$92.00M$84.00M$89.00M$92.00M
Total$690.00M$738.00M$729.00M$761.00M$750.00M

Segments

Capital Access PlatformsView metric
Financial TechnologyView metric
Market ServicesView metric