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Company Dossier · Financials

Nasdaq, Inc.

NDAQNasdaqFinancial Exchanges & DataWILMINGTON, US-DE, USLarge capWebsite ↗
  • S&P 500
  • Russell 1000

What Nasdaq, Inc. is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.

Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →

The latest read

Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.

  • Revenue over the four quarters to June 30, 2026: $8.74 billion, up 7.5% from a year earlier.SEC EDGAR filings (XBRL)
  • Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $1.95 billion, down 8.5% from a year earlier.SEC EDGAR filings (XBRL)
  • Capital expenditure over the four quarters to June 30, 2026: $0.30 billion, up 36% from a year earlier.SEC EDGAR filings (XBRL)
  • Share buybacks in the fiscal year to December 31, 2025: $0.62 billion.SEC EDGAR filings (10-K)
  • Latest earnings call or results release (July 23, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.90 of 1.Palanor Discourse
  • Latest annual report (filed February 12, 2026): 0 risk factors added, 2 removed.Risk Factor Changes (10-K Item 1A)
  • Insiders were net sellers in Q3 2026: $5.6 million on the open market.SEC Form 4
  • 1,091 institutional managers reported a position at June 30, 2026 (−9 on the quarter before).SEC Form 13F
  • H-1B filings certified in Q2 2026: 20 (22 a year earlier).U.S. Department of Labor (OFLC)

Company Posture

How Company Posture is measured →

What Nasdaq, Inc. is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.

Steady · Confident

Expanding ↔ Retrenching

Steady

RetrenchingExpanding

Confident ↔ Hedging

Confident

HedgingConfident

Pressure

Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).

Credit

How these are built →

No bond term sheets or tagged debt on file for Nasdaq, Inc. yet.

Charts

Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.

Cash flow

Business

Nasdaq, Inc.: free cash flow, trailing twelve months

Operating cash flow minus capital expenditure, $ billions, from SEC filings

$2.0BData to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Nasdaq, Inc.: operating cash flow and capital expenditure

Trailing twelve months, $ billions, from SEC filings

Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Nasdaq, Inc.: revenue, trailing twelve months

$ billions, from SEC filings

$8.7BData to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

Capital returned and raised

Business

Nasdaq, Inc.: share buybacks by fiscal year

Cash paid to repurchase common stock, $ billions, from the 10-K

$0.62BData to Dec 2025
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Nasdaq, Inc.: debt issued and repaid by fiscal year

Long-term debt, $ billions, from the 10-K

Data to Dec 2025
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Nasdaq, Inc.: debt due within a year and cash

At each balance-sheet date, $ billions, from SEC filings

Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Nasdaq, Inc.: interest coverage

Operating income ÷ interest expense, trailing twelve months, from SEC filings

7.5Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

What the company says

Business

Nasdaq, Inc.: guidance raised minus lowered

Guidance Ledger statements by quarter

1.0Data 23 days ago
ImageDataGuidance Ledger by Palanor · source: SEC EDGAR
Business

Nasdaq, Inc.: earnings call sentiment

Palanor Discourse score per call, −1 to +1

0.80Data to Jul 2026
ImageDataPalanor calculation
Business

Nasdaq, Inc.: earnings call confidence

Palanor Discourse score per call, 0 to 1

0.90Data to Jul 2026
ImageDataPalanor calculation
Business

Nasdaq, Inc.: risk factors added per annual report

New Item 1A risk factors in each 10-K

0.0Data to Feb 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Nasdaq, Inc.: annualized recurring revenues

KPI Ledger, as reported in the company's results releases, $ billions

1.4Data to Mar 2026
ImageDataKPI Ledger by Palanor · source: SEC EDGAR
Business

Nasdaq, Inc.: total industry average daily share volume

KPI Ledger, as reported in the company's results releases, count

20.0BData to Mar 2026
ImageDataKPI Ledger by Palanor · source: SEC EDGAR
Business

Nasdaq, Inc.: total industry average daily volume

KPI Ledger, as reported in the company's results releases, count

62.6MData to Mar 2026
ImageDataKPI Ledger by Palanor · source: SEC EDGAR

Hiring and ownership

Business

Nasdaq, Inc.: H-1B filings certified

Labor Condition Applications by quarter received

20.0Data to Jun 2026
ImageDataU.S. Department of Labor, Office of Foreign Labor Certification disclosure data, dol.gov
Business

Nasdaq, Inc.: insider net buying

Open-market purchases minus sales by officers and directors, $ millions, by quarter

−$6MData 23 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Nasdaq, Inc.: institutional holders

Managers reporting a position on Form 13F, by quarter

1,091Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

In the news

Headlines that name Nasdaq, Inc., with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.

30 days
1 headlines
0% positive · 0% negative
90 days
1 headlines
0% positive · 0% negative

Filings and records

The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.

  1. Oct 20, 2026Lobbying
    Lobbying report (MILLER STRATEGIES, LLC)third_quarter 2026 · $0.1 million
  2. Oct 20, 2026Lobbying
    Lobbying report (PUBLIC STRATEGIES WASHINGTON, INC.)third_quarter 2026 · $0.1 million
  3. Oct 20, 2026Patent
    Patent granted: METHOD AND DEVICES FOR CONTROLLING OPERATIONS OF A CENTRAL PROCESSING UNITUS 12769681
  4. Oct 19, 2026Lobbying
    Lobbying report (PORTERFIELD, FETTIG & SEARS, LLC)third_quarter 2026 · $0.1 million
  5. Oct 19, 2026Lobbying
    Lobbying report (BAKER & HOSTETLER LLP)third_quarter 2026 · $0.1 million
  6. Oct 15, 2026Lobbying
    Lobbying report (NASDAQ, INC.)third_quarter 2026 · $0.7 million
  7. Oct 13, 2026Patent
    Patent granted: SYSTEM AND METHODS FOR DATA MODEL DETECTION AND SURVEILLANCEUS 12762108
  8. Oct 6, 2026Patent
    Patent granted: SYSTEMS AND METHODS OF MATCHING CUSTOMIZABLE DATA TRANSACTION REQUESTSUS 12755318
  9. Oct 6, 2026Patent
    Patent granted: SYSTEMS AND METHODS FOR CORRELATING LARGE DATASETS OF ELECTRONIC DATA RECORDSUS 12755246
  10. Sep 15, 2026Patent
    Patent granted: Application Logging FrameworkUS 12739308
  11. Jul 28, 2026Lobbying
    Lobbying report (PUBLIC STRATEGIES WASHINGTON, INC.)third_quarter 2021 · $0.1 million
  12. Jul 20, 2026Lobbying
    Lobbying report (PUBLIC STRATEGIES WASHINGTON, INC.)second_quarter 2026 · $0.1 million
  13. Jul 20, 2026Lobbying
    Lobbying report (PORTERFIELD, FETTIG & SEARS, LLC)second_quarter 2026 · $0.1 million
  14. Jul 1, 20268-K
    Material agreement signedItem 1.01
  15. Jul 1, 20268-K
    Material agreement terminatedItem 1.02
  16. Jun 16, 20268-K
    Shareholder vote resultsItem 5.07
  17. Feb 12, 202610-K
    Annual report (10-K)0 risk factors added, 2 removed
  18. Jun 16, 20258-K
    Shareholder vote resultsItem 5.07
  19. Mar 12, 20258-K
    Director or officer changeItem 5.02
  20. Feb 21, 202510-K
    Annual report (10-K)0 risk factors added, 0 removed
  21. Feb 21, 202410-K
    Annual report (10-K)1 risk factors added, 1 removed

Peers

Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.

CompanyRevenueFree cash flowThrough
CME Group CME$6.8B$4.2BJun 30, 2026
Coinbase COIN$6.3B—Jun 30, 2026
Intercontinental Exchange ICE$13.4B$5.1BJun 30, 2026
Cboe Global Markets CBOE$5.1B$2.7BJun 30, 2026
MSCI MSCI$3.4B$1.6BSep 30, 2026
FactSet FDS$2.5B$0.7BAug 31, 2026
MarketAxess MKTX$0.9B$0.2BJun 30, 2026
American Financial Group AFG$8.3B—Jun 30, 2026

Identity

SEC CIK
1120193
LEI
549300L8X1Q78ERXFD06
Wikidata
Q1472929
SAM UEI
FXGJRT255Z13
SAM UEI
N98DU11543H1

Built from SEC EDGAR filings (public domain), the Guidance and KPI Ledgers, Palanor Discourse, U.S. Department of Labor filings, USPTO, USAspending and Senate lobbying records, and rights-checked news headlines. Updated nightly; this page was built Oct 22, 2026. How the Dossier is built

S&P 500, S&P 100, S&P MidCap 400 and Dow Jones Industrial Average are trademarks of S&P Dow Jones Indices LLC or its affiliates; Nasdaq-100 is a trademark of Nasdaq, Inc.; Russell 1000 is a trademark of FTSE Russell. Membership is shown for identification only. Palanor is not affiliated with or endorsed by the index owners.

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