NASDAQ, INC.

For the period ended Mar 31, 2026. Filed Apr 24, 2026.

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.

Mar 31, 2026 · Filed Apr 24, 2026

NDAQ$110.02+1.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Income

(in millions, except per share amounts)

	Three Months Ended March 31,
	2026	2025
Revenues:
Capital Access Platforms	$565	$508
Financial Technology	517	432
Market Services	1,047	1,140
Other revenues	8	16
Total revenues	2,137	2,096
Transaction-based expenses:
Transaction rebates	(724)	(585)
Brokerage, clearance and exchange fees	(6)	(274)
Revenues less transaction-based expenses	1,407	1,237
Operating expenses:
Compensation and benefits	356	329
Professional and contract services	39	36
Technology and communication infrastructure	84	77
Occupancy	33	28
General, administrative and other	29	6
Marketing and advertising	20	14
Depreciation and amortization	165	156
Regulatory	9	15
Merger and strategic initiatives	4	24
Restructuring charges	11	5
Total operating expenses	750	690
Operating income	657	547
Interest income	6	11
Interest expense	(87)	(96)
Net gain on divestitures	89	—
Other losses	(14)	(1)
Net income from unconsolidated investees	26	27
Income before income taxes	677	488
Income tax provision	158	93
Net income	$519	$395
Per share information:
Basic earnings per share	$0.92	$0.69
Diluted earnings per share	$0.91	$0.68
Cash dividends declared per common share	$0.27	$0.24

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.