Nasdaq reported FY2025 revenue of $8.3 billion and Q1 2026 revenue of $2.1 billion. The thesis depends on market services, financial technology, data demand, integration execution, leverage and cash conversion.
References
Sources used in this report
SEC datasetSEC company tickers exchange datasetRetrieved 2026-05-20 · Issuer identity, ticker, exchange and CIKSEC APISEC submissions APIRetrieved 2026-05-20 · Filing chronology and company identitySEC XBRL APISEC companyfacts APIRetrieved 2026-05-20 · Financial statement cross-checksAnnual reportFY2025 Form 10-K filed 2026-02-122026-02-12 · Annual business, risk and financial baselineQuarterly reportLatest Form 10-Q filed 2026-04-242026-04-24 · Latest interim financials and balance sheetForm 8-KForm 8-K filed 2026-04-232026-04-23 · Recent filing chronology and update contextProxy or governance filingGovernance filing filed 2026-04-242026-04-24 · Governance and incentive framing