NASDAQ, INC.(NDAQ)— Stock Profile, AI Score & Financials
Financials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
NASDAQ, INC. (NDAQ) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores NDAQ at 76.7/100 on a 32-signal composite quality model, placing it at rank #80 of 2,960 stocks — the top 5% of the AI-ranked universe. NDAQ scores in the top quartile across revenue scale (85.0), profitability (84.4), revenue growth (76.0). Shareholder dilution risk is elevated at 40.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), NASDAQ, INC. reports quarterly revenue of $2.5B, net income of $507.0M, an operating margin of 28.1%. Top institutional holders of NDAQ by reported 13-F value include INVESTOR AB, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. NDAQ trades on the Nasdaq exchange and files with the SEC under CIK 1120193. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NDAQ daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NASDAQ, INC. directly from SEC EDGAR.
AI Quality Score
76.7/100
AI Rank
#80
Revenue
$2.5B
Net Income
$507.0M
Free Cash Flow
$634.0M
Operating Margin
28.1%
NDAQ key financials by period
NASDAQ, INC. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$8.3B
$1.8B
28.2%
FY 2024
10-K
$7.4B
$1.1B
24.3%
FY 2023
10-K
$6.1B
$1.1B
26.0%
FY 2022
10-K
$6.2B
$1.1B
25.1%
FY 2021
10-K
$5.9B
$1.2B
24.5%
FY 2020
10-K
$5.6B
$933.0M
21.9%
Institutions holding NDAQ
Institutional investors reporting a position in NASDAQ, INC. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-23 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Nasdaq Q2 revenue reached $2.53B (+20.6% YoY) driven by Market Services (+24.6%), Financial Technology (+16.3%), and Capital Access Platforms (+19.4%), with operating income up 25.2% to $712M.
Biggest Revenue Drivers
Market Services$1,372M+24.6% YoY
Record quarterly net revenues driven by record U.S. equity options volumes and higher cash equity trading
Capital Access Platforms$621M+19.4% YoY
Growth from new data sales, pricing, increased listing fees, and higher Index AUM from net inflows of $109B
Biggest Revenue Drivers
Total revenue: $2,532M+20.6% YoY
Market Services$1,372M+24.6% YoY
Record quarterly net revenues driven by record U.S. equity options volumes and higher cash equity trading
Capital Access Platforms$621M+19.4% YoY
Growth from new data sales, pricing, increased listing fees, and higher Index AUM from net inflows of $109B
Financial Technology$539M+16.3% YoY
Double-digit growth in each subdivision; Financial Crime Management Technology +21.6%, Regulatory Technology +15.2%, Capital Markets Technology +15.1%
Largest Expense Items
Compensation and benefits$383M+8.8% YoY
Increased headcount to 9,630 employees and higher incentive compensation driven by performance
Depreciation and amortization$165M+5.0% YoY
Increased depreciation of capitalized software projects
Technology and communication infrastructure$88M+11.6% YoY
Increased investment in technology, particularly cloud initiatives and software licensing
Occupancy$35M+20.1% YoY
Increased expenses from colocation data center expansion
Watch Items from the Filing
Regulatory capital held at Nasdaq Clearing decreased from $5.8B to $2.3B due to Nordic power futures business divestiture completed Q1 2026; business wind-down continues through 2026.
European Commission opened formal antitrust investigation in November 2025 regarding alleged coordination between Nasdaq and Deutsche Börse on listing, trading and clearing of financial derivatives; uncertain timing and outcome.
Operating company IPOs on Nasdaq represented 74% win rate across U.S. exchanges; 26 operating company IPOs in Q2 raised $105B, including SpaceX ($86B), world's largest IPO.
Index business achieved record quarterly milestones with end-of-period and average ETP AUM both exceeding $1.0 trillion for first time; 481 ETPs tracking Nasdaq indices across 28 exchanges.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
