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NASDAQ, INC.

For the period ended Sep 30, 2025. Filed Oct 23, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 23, 2025

NDAQ$107.12+0.3%Stored close · as of Nov 6, 2026

What changed in Risk Factors?

Read the current filing

Current report: 10-Q

Period ended 2025-09-30; filed 2025-10-23.

0001628280-25-046006

Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of Proceeds

The baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.

Compared 15 previous paragraphs and 11 current paragraphs.

11 unchanged; 0 reworded; 0 added; 4 removed; 0 previous and 0 current paragraphs rearranged.

Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.

A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.

Removed paragraphs (4)

Previous report

Item 3. Defaults Upon Senior Securities

Previous report

Item 4. Mine Safety Disclosures

Previous report

Not applicable.