Nasdaq, Inc.
Nasdaq, Inc. (Nasdaq: NDAQ) operates as a leading global technology platform that powers the world's economies through its comprehensive suite of financial infrastructure, data, and analytics solutions. The company's website is located at ir.nasdaq.com. From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Nasdaq, Inc. does
In the company’s own words
Nasdaq, Inc. (Nasdaq: NDAQ) operates as a leading global technology platform that powers the world's economies through its comprehensive suite of financial infrastructure, data, and analytics solutions. The company's website is located at ir.nasdaq.com.
Founded in 1971 as a subsidiary of FINRA, Nasdaq has evolved into a diversified financial technology company following its 2008 combination with OMX AB and subsequent strategic acquisitions including Verafin in 2021 and Adenza with its flagship solutions AxiomSL and Calypso in 2023. The company operates across three primary business segments: Capital Access Platforms, Financial Technology, and Market Services.
The Capital Access Platforms segment provides data and listing services, index solutions, and workflow and insights products that serve corporate issuers and the investment community. This division includes proprietary market data products, listing platforms across North America and Europe, and analytics platforms such as eVestment that serve institutional investors and asset managers. The segment also encompasses corporate solutions including investor relations intelligence, governance solutions, and sustainability reporting platforms.
The Financial Technology segment delivers anti-financial crime solutions through Nasdaq Verafin, regulatory technology through AxiomSL and surveillance offerings, and capital markets technology including the Calypso platform for trading, risk, and collateral management. These solutions serve approximately 3,800 global clients across more than 55 countries, including all Global Systemically Important Banks.
The Market Services segment operates 19 exchanges across multiple asset classes, including six options exchanges in the United States, three cash equity exchanges, and exchanges in Canada and Europe. The company operates the largest single venue for U.S. cash equity trading through The Nasdaq Stock Market, which listed 4,480 companies as of December 31, 2025.
Nasdaq serves as a trusted partner to exchanges, clearing organizations, banks, brokers, buy-side firms, and regulators globally. The company powers more than 135 marketplaces in over 55 countries and maintains significant competitive advantages through its proprietary data assets, advanced technology infrastructure, and expertise in financial markets operations. The company continues to invest in cloud migration, artificial intelligence capabilities, and emerging technologies to enhance its platform offerings and serve evolving client needs.
Company details
- Sector
- Financials
- Industry (SIC)
- Banks & Brokers
- Headquarters
- NEW YORK, NY
- Fiscal year end
- December
- CIK
- 1120193
- SIC
- 6200
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Nasdaq, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in Nasdaq, Inc. · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · Nasdaq, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Nasdaq, Inc.’s bonds, as funds hold them
Funds report holding 10 issues of Nasdaq, Inc.’s debt, $657.93M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.84%, maturing 2026 to 2063.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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