Directly consumed expenses

Name: Nasdaq, Inc. Directly consumed expenses by Business Segments
Creator: OpenCapital
License: https://www.opencapital.sh/terms

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

Breakdown

Segment	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Financial Technology	$205M	$220M	$220M	$225M	$233M
Capital Access Platforms	$161M	$180M	$175M	$167M	$170M
Market Services	$88M	$92M	$84M	$89M	$92M
Total	$690M	$738M	$729M	$763M	$750M

Capital Access PlatformsView metric

Financial TechnologyView metric

Market ServicesView metric