Nasdaq, Inc. NDAQ Business Segments
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Capital Access Platforms | $621M+19.4% | $565M+11.2% | $549M+13.2% | $546M+9.0% | $520M+8.1% | |
| Financial Technology | $539M+16.2% | $517M+19.7% | $498M+13.7% | $457M+12.8% | $464M+10.5% | |
| Market Services | $1.37B+24.6% | $1.05B-8.2% | $1.04B-2.6% | $946M-7.4% | $1.1B+24.7% | |
| Contract with Customer, Liability, Revenue Recognized Including Opening Balance by Product | ||||||
| Capital Markets Technology | $34M-27.7% | $69M+1.5% | $17M-39.3% | $36M-10.0% | $47M+11.9% | |
| Financial Crime Management Technology | $54M+22.7% | $76M+33.3% | $14M+27.3% | $29M+26.1% | $44M-27.9% | |
| Initial Listings | $9M+28.6% | $11M0.0% | $8M+14.3% | $8M0.0% | $7M-22.2% | |
| Other | $3M0.0% | $4M-33.3% | $3M0.0% | $2M0.0% | $3M+200% | |
| Regulatory Technology | $45M+4.7% | $62M+17.0% | $6M-25.0% | $33M+136% | $43M+126% | |
| Workflow & Insights | $46M+156% | $80M0.0% | $17M-5.6% | $66M+83.3% | $18M-63.3% | |
| Total revenues by Geography | ||||||
| All other countries | $627M+56.0% | $614M+57.4% | $1.12B+137% | $396M+12.2% | $402M+8.4% | |
| United States | $1.91B+12.1% | $1.52B-10.7% | $1B-35.7% | $1.56B+0.8% | $1.7B+19.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Nasdaq, Inc. break its business down?
- Nasdaq, Inc. (NDAQ) reports total revenues by business across 3 parts — Capital Access Platforms, Financial Technology and Market Services. Each is extracted from the segment footnotes and tracked over time.
- Where does Nasdaq, Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Nasdaq, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
