Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions. This segment also handles assets, such as cash equities, equity derivatives, currencies, interest-bearing securities, commodities, energy products, and digital currencies. The Investment Intelligence segment sells and distributes historical and real-time market data; develops and licenses Nasdaq-branded indexes and financial products; and provides investment insights and workflow solutions. The Corporate Platforms segment operates listing platforms; and offers investor relations intelligence and governance solutions. As of December 31, 2021, it had 4,178 companies listed securities on The Nasdaq Stock Market, including 1,632 listings on The Nasdaq Global Select Market; 1,169 on The Nasdaq Global Market; and 1,377 on The Nasdaq Capital Market. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses. This segment operates various exchanges and other marketplace facilities across various asset classes, which include derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and provides broker, clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.

Nasdaq, Inc.

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Capital Access Platforms Operating Income

Capital Access Platforms Operating Income % Chg.

Capital Access Platforms Operating Income Common Size

Financial Technology Operating Income

Financial Technology Operating Income % Chg.

Financial Technology Operating Income Common Size

Market Services Operating Income (Post-FY2023 Reporting)

Market Services Operating Income (Post-FY2023 Reporting) % Chg.

Market Services Operating Income (Post-FY2023 Reporting) Common Size

Other EBIT

Other EBIT % Chg.

Other EBIT Common Size

Total EBIT

Total EBIT Common Size

Total EBIT % Chg.

Market Technology Operating Income

Market Technology Operating Income % Chg.

Market Technology Operating Income Common Size

Investment Intelligence Operating Income

Investment Intelligence Operating Income % Chg.

Investment Intelligence Operating Income Common Size

Corporate Platforms Operating Income

Corporate Platforms Operating Income % Chg.

Corporate Platforms Operating Income Common Size

Market Services Operating Income

Market Services Operating Income % Chg.

Market Services Operating Income Common Size

Corporate Items Operating Income

Corporate Items Operating Income % Chg.

Corporate Items Operating Income Common Size

Market Platforms Operating Income

Market Platforms Operating Income % Chg.

Market Platforms Operating Income Common Size

Market Services Transaction-Based Expenses

Market Services Transaction-Based Expenses % Chg.

Market Services Revenue Less Transaction-Based Expenses

Market Services Revenue Less Transaction-Based Expenses % Chg.

IPOs - The Nasdaq Stock Market

IPOs - The Nasdaq Stock Market % Chg.

IPOs - Exchanges that Comprise Nasdaq Nordic and Nasdaq Baltic

IPOs - Exchanges that Comprise Nasdaq Nordic and Nasdaq Baltic % Chg.

New Listings - The Nasdaq Stock Market

New Listings - The Nasdaq Stock Market % Chg.

New Listings - Exchanges that Comprise Nasdaq Nordic and Nasdaq Baltic

New Listings - Exchanges that Comprise Nasdaq Nordic and Nasdaq Baltic % Chg.

Number of Listed Companies - The Nasdaq Stock Market

Number of Listed Companies - The Nasdaq Stock Market % Chg.

Number of Listed Companies - Exchanges that Comprise Nasdaq Nordic and Nasdaq Baltic

Number of Listed Companies - Exchanges that Comprise Nasdaq Nordic and Nasdaq Baltic % Chg.

Key Performance Indicators

Capital Access Platforms Net Revenue

Capital Access Platforms Net Revenue % Chg.

Capital Access Platforms Net Revenue Common Size

Financial Crime and Regulatory Technology Net Revenue

Financial Crime and Regulatory Technology Net Revenue % Chg.

Financial Crime and Regulatory Technology Net Revenue Common Size

Capital Markets Technology Net Revenue

Capital Markets Technology Net Revenue % Chg.

Capital Markets Technology Net Revenue Common Size

Total Financial Technology Net Revenue

Total Financial Technology Net Revenue % Chg.

Total Financial Technology Net Revenue Common Size

Market Services Revenue (Post-FY2023 Reporting)

Market Services Revenue (Post-FY2023 Reporting) % Chg.

Market Services Revenue (Post-FY2023 Reporting) Common Size

Other Net Revenue

Other Net Revenue % Chg.

Other Net Revenue Common Size

Other Revenue

Other Revenue % Chg.

Other Revenue Common Size

Total Revenue

Total Revenue Common Size

Total Revenue % Chg.

Market Technology Revenue

Market Technology Revenue % Chg.

Market Technology Revenue Common Size

Investment Intelligence Revenue

Investment Intelligence Revenue % Chg.

Investment Intelligence Revenue Common Size

Corporate Platforms Revenue

Corporate Platforms Revenue % Chg.

Corporate Platforms Revenue Common Size

Market Services Revenue

Market Services Revenue % Chg.

Market Services Revenue Common Size

Market Platforms Net Revenue

Market Platforms Net Revenue % Chg.

Market Platforms Net Revenue Common Size

Revenue	LTM	Dec '24	Dec '23
Market Technology Revenue	—	—	—
Investment Intelligence Revenue	—	—	—
Corporate Platforms Revenue	—	—	—
Market Services Revenue	—	—	—
Market Platforms Net Revenue	—	—	—
Other Revenue	—	—	—
Total Revenue	8,168	7,400	6,064

Revenue	LTM	Dec '24	Dec '23
Capital Access Platforms Net Revenue	2,099	1,972	1,770
Financial Crime and Regulatory Technology Net Revenue	727	625	435
Capital Markets Technology Net Revenue	1,064	996	664
Total Financial Technology Net Revenue	1,791	1,621	1,099
Market Services Revenue (Post-FY2023 Reporting)	4,240	3,771	3,156
Other Net Revenue	37	36	39
Other Revenue	1	—	—
Total Revenue	8,168	7,400	6,064

EBIT	LTM	Dec '24	Dec '23
Market Technology Operating Income	—	—	—
Investment Intelligence Operating Income	—	—	—
Corporate Platforms Operating Income	—	—	—
Market Services Operating Income	—	—	—
Corporate Items Operating Income	—	—	—
Market Platforms Operating Income	—	—	—
Other EBIT	—	—	—
Total EBIT	2,218	1,798	1,578

EBIT	LTM	Dec '24	Dec '23
Capital Access Platforms Operating Income	1,231	1,134	971
Financial Technology Operating Income	834	770	494
Market Services Operating Income (Post-FY2023 Reporting)	721	597	582
Other EBIT	-568	-703	-469
Total EBIT	2,218	1,798	1,578

Key Performance Indicators	LTM	Dec '24	Dec '23
Market Services Transaction-Based Expenses	—	2,751	2,169
Market Services Revenue Less Transaction-Based Expenses	1,157	1,020	987
IPOs - The Nasdaq Stock Market	284	180	130
IPOs - Exchanges that Comprise Nasdaq Nordic and Nasdaq Baltic	19	14	7
New Listings - The Nasdaq Stock Market	731	463	330
New Listings - Exchanges that Comprise Nasdaq Nordic and Nasdaq Baltic	32	31	23
Number of Listed Companies - The Nasdaq Stock Market	4,359	4,075	4,044
Number of Listed Companies - Exchanges that Comprise Nasdaq Nordic and Nasdaq Baltic	1,133	1,174	1,218