What is Nasdaq, Inc.'s software and technology licenses, net?

Nasdaq, Inc. (NDAQ) reported software and technology licenses, net of $1.02B in Q1 2026.

How has Nasdaq, Inc.'s software and technology licenses, net changed year-over-year?

Nasdaq, Inc.'s software and technology licenses, net increased by 24.7% year-over-year, from $818M to $1.02B.

What is the long-term trend for Nasdaq, Inc.'s software and technology licenses, net?

Over 5 years (2020 to 2025), Nasdaq, Inc.'s software and technology licenses, net has grown at a 22.6% compound annual growth rate (CAGR), from $358M to $993M.

Nasdaq, Inc. NDAQ Software and Technology Licenses, Net

Software and Technology Licenses, Net at other companies

S&P GlobalSPGI

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Cboe Global MarketsCBOE

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MSCIMSCI

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Intercontinental ExchangeICE

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Tradeweb Markets Inc.TW

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Fidelity National Information ServicesFIS

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Other financials

Income statement

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Revenue$2.1B+2.0%

Gross profit$1.4B+13.7%

Operating income$657.0M+20.1%

Net income$519.0M+31.4%

EPS (diluted)$0.91+33.8%

Balance sheet

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Cash & equivalents$1.1B-76.0%

Total debt$9.9B-2.2%

Total equity$12.0B+4.2%

Total assets$27.3B-10.9%

Cash flow

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Operating cash flow$689.0M+3.9%

CapEx$60.0M+22.4%

Free cash flow$629.0M+2.4%

Valuation

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Market cap$49.5B-4.8%

Enterprise value$58.31B+0.6%

P/E25.9×-8.6×

P/S6×-0.4×

Profitability

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Gross margin65.2%+4.2pp

Operating margin29.4%+4.6pp

Net margin23%+6.7pp

FCF margin24.1%+0.4pp

Returns & leverage

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Return on equity16.2%+4.8pp

Debt / equity0.8×-0.1×

Current ratio1×0.0×

Where this comes from

Reported directly by Nasdaq, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OtherAssetsNoncurrent.

The official record: Nasdaq, Inc.’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nasdaq, Inc.'s software and technology licenses, net?: Nasdaq, Inc. (NDAQ) reported software and technology licenses, net of $1.02B in Q1 2026.
How has Nasdaq, Inc.'s software and technology licenses, net changed year-over-year?: Nasdaq, Inc.'s software and technology licenses, net increased by 24.7% year-over-year, from $818M to $1.02B.
What is the long-term trend for Nasdaq, Inc.'s software and technology licenses, net?: Over 5 years (2020 to 2025), Nasdaq, Inc.'s software and technology licenses, net has grown at a 22.6% compound annual growth rate (CAGR), from $358M to $993M.