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+10.7% | $2.13B+9.5% | $2.07B+9.0% | $2.02B+9.2% | $1.98B+9.2% | |
| Financial Technology | $1.94B+14.2% | $1.85B+11.8% | $1.79B+31.1% | $1.74B+45.0% | $1.7B+67.2% | |
| Market Services | $4.13B+0.2% | $4.22B+11.9% | $4.25B+22.1% | $4.32B+35.0% | $4.12B+34.1% | |
| Contract with Customer, Liability, Revenue Recognized Including Opening Balance by Product | ||||||
| Capital Markets Technology | $169M-5.1% | $168M-2.9% | $179M+12.1% | $183M+36.1% | $178M+66.0% | |
| Financial Crime Management Technology | $163M+7.2% | $144M+23.1% | $141M+7.2% | $135M+0.7% | $152M+54.3% | |
| Initial Listings | $34M-2.9% | $34M-5.6% | $33M-14.8% | $33M-18.5% | $35M-15.2% | |
| Other | $12M0.0% | $14M+27.3% | $14M+36.6% | $14M+33.3% | $12M+2.1% | |
| Regulatory Technology | $144M+53.2% | $135M+114% | $137M+129% | $118M+134% | $94M+159% | |
| Workflow & Insights | $181M-1.1% | $181M+1.7% | $182M-10.0% | $152M-27.1% | $183M-9.3% | |
| Total revenues by Geography | ||||||
| All other countries | $2.54B+59.7% | $2.31B+47.4% | $1.66B+19.4% | $1.62B+21.0% | $1.59B+25.5% | |
| United States | $5.77B-7.4% | $5.96B+2.2% | $6.51B+18.6% | $6.5B+25.9% | $6.23B+25.7% |
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.
