Companies · NDAQ
Nasdaq, Inc.
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Latest analysis
Updated Oct 26, 2026
Nasdaq appoints Börje Ekholm to Board; Holden Spaht to step down at year-end
Nasdaq elected Börje Ekholm, former Ericsson CEO and prior Nasdaq Board Chair, to its Board effective November 1, 2026, to serve on the Audit & Risk Committee. Simultaneously, director Holden Spaht notified the company of his resignation effective December 31, 2026, concluding three years of service that included the Adenza integration and medium-term revenue outlook uplift. Ekholm's appointment represents a governance refresh with deep technology and operational expertise; Spaht's departure marks an orderly transition with no stated disagreement.
Tone: neutralRevenue
$8.3B
NDAQ 10-K · FY 2025
Employees
9,525
Revenue FY2024
$7.4B
Founded
1971
Profile
NDAQ 10-K Item 1 · Feb 12, 2026Nasdaq, Inc. is a global technology platform operating exchanges, financial crime management, regulatory reporting, and capital markets technology businesses across more than 55 countries. The company serves approximately 3,800 clients including all Global Systemically Important Banks, powering more than 135 marketplaces. Its three segments — Capital Access Platforms, Financial Technology, and Market Services — span data and listings, index licensing, compliance software, and trading and clearing.
Read filing description ↓ Collapse description ↑
Nasdaq is a leading technology platform that powers the world's economies. We architect the infrastructure of the world's most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying the technology, data, and advanced analytics that enable our clients to capture opportunities, navigate risk, and strengthen resilience. We manage, operate and provide our products and services in three business segments: Capital Access Platforms, Financial Technology and Market Services. Our Capital Access Platforms segment delivers liquidity, transparency and integrity to the corporate issuer and investment community by empowering our clients to effectively navigate the capital markets, achieve their sustainability goals, and drive governance excellence. The Financial Technology segment delivers world leading platforms that improve the liquidity, transparency and integrity of the global economy by architecting and operating the world's best markets. This segment comprises Financial Crime Management Technology, Regulatory Technology and Capital Markets Technology businesses. We are a leading global technology solutions provider and partner to exchanges, clearing organizations, central securities depositories, banks, brokers, buy-side firms and corporate businesses. Through our Financial Technology solutions, we power more than 135 marketplaces (including 19 owned and operated by Nasdaq) and regulators, in more than 55 countries. We serve approximately 3,800 global clients, including all Global Systemically Important Banks, or G-SIBs. Our Market Services segment includes our equity derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading. We operate 19 exchanges across several asset classes, including derivatives, commodities, cash equity, debt, structured products and ETPs.
Primary products
- Nasdaq TotalView
- Nasdaq Basic
- Nasdaq IR Insight
- Nasdaq Boardvantage
- Nasdaq Metrio
- eVestment platform
Business segments
End markets
Geographies
Named competitors
“We are a global, client-focused technology company with expertise in markets and financial technology. We deploy robust technology capabilities and have developed innovative solutions to further address client needs across the financial ecosystem. Our business segments complement each other and we believe that our strong competitive position in large, high-growth markets positions us for sustained growth.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues increased 11.6% for the year ended December 31, 2025 compared with 2024, driven by growth across all three segments — Capital Access Platforms, Financial Technology, and Market Services.
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