Company Overview

Nasdaq, Inc. is a global technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. Founded in 1971 and headquartered in New York, New York, Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States (the Nasdaq Stock Exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange) and seven European stock exchanges. Adena Friedman serves as its president and chief executive officer.

The company's diverse offering of data, analytics, software, and services enables clients to optimize and execute their business vision with confidence.

Business Segments

Nasdaq operates across three core business segments:

Capital Access Platforms

This segment involves the distribution of historical and real-time market data; development and licensing of Nasdaq-branded indices and financial products; investor relations intelligence, governance solutions, and sustainability solution products for public and private companies and organizations; and insights and workflow solutions, as well as operates listing platforms.

Financial Technology Solutions

Nasdaq offers Verafin, a cloud-based platform for detecting, investigating, and reporting money laundering and financial frauds. It also provides AxiomSL, a risk data management and regulatory reporting solution; surveillance solutions, including a SaaS platform for market rule compliance; and Calypso, a platform for cross-asset, front-to-back trading, treasury, risk, and collateral management. This segment handles assets comprising cash equities, equity derivatives, currencies, interest-bearing securities, commodities, energy products, and digital currencies, along with trade management and colocation services.

Market Services

This segment encompasses equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and currency trading services. It also operates various exchanges for derivatives, commodities, cash equity, debt, structured products, and exchange-traded products, alongside clearing services.

Key Corporate Information

• Headquarters: 151 West 42nd Street, Floors 26, 27, 28, New York, NY 10036, United States

• Industry: Financial Data & Stock Exchanges

• Sector: Financial Services

• Employees: 9,492 full-time employees (as of December 31, 2024)

• Trading Symbol: NDAQ (trades on the Nasdaq Global Select Market)

Market Position & Performance

Nasdaq, Inc. has a market capitalization of approximately $51.39 billion. Its stock has seen a decrease of -2.90% over the last week. The all-time high for NDAQ was $97.63 USD on August 11, 2025, while its all-time low was $1.72 USD on April 15, 2003.

Recent Financial Performance

Q2 2025 Results

Net revenue reached $1,306 million, reflecting a 13% growth compared to the prior year period, with organic net revenue growth at 12%. Key highlights include:

• Revenue Growth: Achieved a net revenue of $1.3 billion, a 13% increase year-over-year, exceeding analyst estimates of $1,261.23 million.

• Earnings Performance: GAAP diluted earnings per share grew over 100%, and Non-GAAP diluted earnings per share grew 24% in Q2 2025.

• Financial Technology Revenue: Increased by 10% to $464 million compared to Q2 2024.

• Index Revenue: Experienced a robust 17% growth, with $88 billion in net inflows over the trailing twelve months.

Q1 2025 Results

Net revenue was $1.2 billion, an increase of 11% over Q1 2024 (or up 12.5% on an adjusted basis). Solutions revenue grew 9% (or up 11% on an adjusted basis).

Full Year 2024 Performance

In 2024, Nasdaq's revenue was $7.40 billion, an increase of 22.03% compared to $6.06 billion in the previous year. Earnings were $1.12 billion, a 5.48% increase.

Dividend Information

Nasdaq, Inc. pays dividends quarterly. The last dividend per share was $0.27 USD. As of recent data, the Dividend Yield (TTM)% is 1.11%. In 2024, the dividend yield was 1.22% with a payout ratio of 48.74%. The previous year's figures were 1.48% and 41.29%, respectively.

Capital Allocation

In Q2 2025, Nasdaq returned $155 million to shareholders through dividends and $100 million through common stock repurchases. The company also repaid $400 million of senior unsecured notes during the quarter.

Business Model Strength

Approximately 22.5% of Nasdaq's sales come from trading. It also provides market and financial data, Nasdaq-branded indexes, and capital access services, accounting for 42.5% of its business. The financial technology segment, representing 35% of operations, has grown through acquisitions like Verafin and Adenza, focusing on capital management, financial crime, and regulatory compliance software.

Sarah Youngwood, Executive Vice President and CFO, stated, "Nasdaq's financial results highlight the resilience of our business model and its ability to achieve exceptional revenue and earnings growth with strong free cash flow generation. We are executing well on our capital allocation priorities, including repaying debt, and have surpassed our gross leverage milestone 16 months ahead of plan."

Nasdaq continues to evolve from its origins as a stock exchange into a comprehensive financial technology platform, serving clients across capital markets with innovative data, analytics, and software solutions that enable efficient market operations globally.