Nasdaq, Inc. NDAQ Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Capital Access Platforms | $2.19B+2.7% | $2.13B+3.1% | $2.07B+2.2% | $2.02B+2.3% | $1.98B+1.5% | |
| Financial Technology | $1.94B+4.6% | $1.85B+3.4% | $1.79B+3.0% | $1.74B+2.6% | $1.7B+2.4% | |
| Market Services | $4.13B-2.2% | $4.22B-0.7% | $4.25B-1.8% | $4.32B+5.0% | $4.12B+9.2% | |
| Contract with Customer, Liability, Revenue Recognized Including Opening Balance by Product | ||||||
| Capital Markets Technology | $169M+0.6% | $168M-6.1% | $179M-2.2% | $183M+2.8% | $178M+2.9% | |
| Financial Crime Management Technology | $163M+13.2% | $144M+2.1% | $141M+4.4% | $135M-11.2% | $152M+29.9% | |
| Initial Listings | $34M0.0% | $34M+3.0% | $33M0.0% | $33M-5.7% | $35M-2.8% | |
| Other | $12M-14.3% | $14M0.0% | $14M0.0% | $14M+16.7% | $12M+9.1% | |
| Regulatory Technology | $144M+6.7% | $135M-1.5% | $137M+16.1% | $118M+25.5% | $94M+49.2% | |
| Workflow & Insights | $181M0.0% | $181M-0.5% | $182M+19.7% | $152M-16.9% | $183M+2.8% | |
| Total revenues by Geography | ||||||
| All other countries | $2.54B+9.7% | $2.31B+39.1% | $1.66B+2.7% | $1.62B+2.0% | $1.59B+1.3% | |
| United States | $5.77B-3.1% | $5.96B-8.5% | $6.51B+0.2% | $6.5B+4.3% | $6.23B+6.9% |
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.
