Nasdaq, Inc. (NDAQ) Revenue by Segment

Nasdaq revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Nasdaq's largest business segment was Market Services, with $1.37 billion or 54% of revenue, up 24.6% from a year earlier. Next: Capital Access Platforms (25%) and Financial Technology (21%).

By product or service, Market Services brought in 71%, Information Services brought in 20% and Technology Service brought in 9% of revenue in Q3 fiscal 2019.

By region, United States brought in 75% and Non-US brought in 25% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Market Services (+24.6%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Nasdaq, Inc.

NDAQFinancial Services

United States

Financial Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Market ServicesCapital Access PlatformsFinancial TechnologyMarket PlatformsInvestment IntelligenceMarket TechnologyGlobal InformationCorporate ServicesOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Market Services	USD 1.37B	54.2%	+24.6%
Capital Access Platforms	USD 621.00M	24.5%	+19.4%
Financial Technology	USD 539.00M	21.3%	+16.2%

Sum of items USD 2.53B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Market Services	1.4B	1.0B	1.0B	946.0M	1.1B	1.1B	1.1B	1.0B	883.0M	794.0M	780.0M	747.0M	750.0M	879.0M	–	–	–	–	884.0M	811.0M	874.0M	1.1B	–	954.0M	975.0M	933.0M	–	690.0M	665.0M	638.0M	741.0M	586.0M	649.0M	735.0M	–	581.0M
Capital Access Platforms	621.0M	565.0M	549.0M	546.0M	520.0M	508.0M	512.0M	501.0M	481.0M	479.0M	435.0M	456.0M	438.0M	415.0M	–	422.0M	422.0M	419.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial Technology	539.0M	517.0M	498.0M	457.0M	464.0M	432.0M	438.0M	371.0M	420.0M	392.0M	397.0M	238.0M	235.0M	229.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Market Platforms	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.0B	1.1B	1.0B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Investment Intelligence	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	289.0M	272.0M	261.0M	256.0M	–	236.0M	213.0M	211.0M	–	–	–	–	–	–	–	–	–	–
Market Technology	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	131.0M	114.0M	117.0M	100.0M	–	86.0M	84.0M	81.0M	–	84.0M	–	–	76.0M	68.0M	66.0M	60.0M	–	62.0M
Global Information	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	198.0M	–	–	186.0M	179.0M	175.0M	174.0M	–	150.0M
Corporate Services	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	124.0M	123.0M	121.0M	133.0M	121.0M	120.0M	132.0M	–	126.0M
Corporate Platforms	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	162.0M	155.0M	149.0M	146.0M	–	131.0M	126.0M	128.0M	–	–	–	–	–	–	–	–	–	–
Information Services	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	194.0M	193.0M	–	–	–	–	–	–
Corporate and other	–	8.0M	–	9.0M	16.0M	16.0M	–	–	8.0M	9.0M	35.0M	10.0M	10.0M	10.0M	–	–	4.0M	5.0M	–	5.0M	11.0M	15.0M	–	6.0M	–	–	–	–	–	10.0M	–	10.0M	17.0M	50.0M	–	46.0M
Anti-Financial Crime	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	77.0M	75.0M	72.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Technology Service	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	79.0M	77.0M	–	–	–	–	–	–
Reconciling items	–	–	–	–	–	–	–	8.0M	–	–	–	–	–	–	–	12.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Nasdaq revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Market Services	$1.4B	$1.0B	$946.0M	$1.1B	54%
Capital Access Platforms	$621.0M	$565.0M	$546.0M	$520.0M	25%
Financial Technology	$539.0M	$517.0M	$457.0M	$464.0M	21%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Nasdaq revenue by product or service, last 4 quarters

Product or service	Q3 FY19	Q2 FY19	Q1 FY19	Q3 FY18	Share
Market Services	$690.0M	$665.0M	$638.0M	$586.0M	71%
Information Services	$198.0M	$194.0M	$193.0M	$179.0M	20%
Technology Service	$84.0M	$79.0M	$77.0M	$68.0M	9%

In USD, fiscal quarters as reported; share = part of Q3 FY19 revenue.

Nasdaq revenue by region, last 4 quarters

Region	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
United States	$1.9B	$1.5B	$1.6B	$1.7B	75%
Non-US	$627.0M	$614.0M	$396.0M	$402.0M	25%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Nasdaq's business segments?

Market Services, Capital Access Platforms and Financial Technology (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Nasdaq?

Market Services: $1.37 billion, or 54% of revenue, in Q2 fiscal 2026.

What are Nasdaq's main products and services?

By revenue in Q3 fiscal 2019: Market Services (71%), Information Services (20%) and Technology Service (9%).

Where does Nasdaq make its money?

By region in Q2 fiscal 2026: United States (75%) and Non-US (25%).

MoreNasdaq stock overview Nasdaq financials Nasdaq executive team Nasdaq shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.