Nasdaq (NDAQ) Revenue & Revenue Breakdown

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Nasdaq Revenue Highlights

Latest Revenue (Y)

$6.06B

Latest Revenue (Q)

$1.90B

Main Segment (Y)

Market Services

Main Geography (Y)

UNITED STATES

Nasdaq Revenue by Period

Nasdaq Revenue by Year

Date	Revenue	Change
2023-12-31	$6.06B	-2.60%
2022-12-31	$6.23B	5.78%
2021-12-31	$5.89B	4.60%
2020-12-31	$5.63B	32.03%
2019-12-31	$4.26B	-0.35%
2018-12-31	$4.28B	7.87%
2017-12-31	$3.96B	7.02%
2016-12-31	$3.71B	8.87%
2015-12-31	$3.40B	-2.77%
2014-12-31	$3.50B	9.00%
2013-12-31	$3.21B	2.95%
2012-12-31	$3.12B	-9.28%
2011-12-31	$3.44B	7.54%
2010-12-31	$3.20B	-6.22%
2009-12-31	$3.41B	-6.57%
2008-12-31	$3.65B	49.75%
2007-12-31	$2.44B	46.98%
2006-12-31	$1.66B	88.40%
2005-12-31	$879.92M	62.81%
2004-12-31	$540.44M	-8.38%
2003-12-31	$589.85M	-26.20%
2002-12-31	$799.22M	-6.77%
2001-12-31	$857.23M	2.94%
2000-12-31	$832.71M	31.29%
1999-12-31	$634.25M	40.69%
1998-12-31	$450.82M	-

Nasdaq generated $6.06B in revenue during NA 2023, up -2.60% compared to the previous quarter, and up 141.78% compared to the same period a year ago.

Nasdaq Revenue by Quarter

Date	Revenue	Change
2024-09-30	$1.90B	6.25%
2024-06-30	$1.79B	7.05%
2024-03-31	$1.67B	1.58%
2023-12-31	$1.65B	13.58%
2023-09-30	$1.45B	1.26%
2023-06-30	$1.43B	-6.52%
2023-03-31	$1.53B	-3.10%
2022-12-31	$1.58B	1.61%
2022-09-30	$1.56B	0.32%
2022-06-30	$1.55B	1.11%
2022-03-31	$1.53B	4.64%
2021-12-31	$1.47B	8.11%
2021-09-30	$1.36B	-3.90%
2021-06-30	$1.41B	-14.53%
2021-03-31	$1.65B	12.92%
2020-12-31	$1.46B	3.47%
2020-09-30	$1.41B	1.14%
2020-06-30	$1.40B	3.33%
2020-03-31	$1.35B	27.04%
2019-12-31	$1.06B	-2.83%
2019-09-30	$1.10B	3.30%
2019-06-30	$1.06B	2.12%
2019-03-31	$1.04B	-8.54%
2018-12-31	$1.14B	17.84%
2018-09-30	$964.00M	-6.13%
2018-06-30	$1.03B	-10.77%
2018-03-31	$1.15B	12.40%
2017-12-31	$1.02B	5.68%
2017-09-30	$969.00M	-3.10%
2017-06-30	$1.00B	2.99%
2017-03-31	$971.00M	-0.21%
2016-12-31	$973.00M	4.74%
2016-09-30	$929.00M	3.57%
2016-06-30	$897.00M	-0.88%
2016-03-31	$905.00M	4.62%
2015-12-31	$865.00M	-0.69%
2015-09-30	$871.00M	7.93%
2015-06-30	$807.00M	-5.94%
2015-03-31	$858.00M	-6.74%
2014-12-31	$920.00M	12.47%
2014-09-30	$818.00M	-5.43%
2014-06-30	$865.00M	-3.67%
2014-03-31	$898.00M	5.77%
2013-12-31	$849.00M	5.47%
2013-09-30	$805.00M	-1.11%
2013-06-30	$814.00M	9.41%
2013-03-31	$744.00M	-1.06%
2012-12-31	$752.00M	1.21%
2012-09-30	$743.00M	-9.72%
2012-06-30	$823.00M	2.75%
2012-03-31	$801.00M	-4.30%
2011-12-31	$837.00M	-11.52%
2011-09-30	$946.00M	12.89%
2011-06-30	$838.00M	2.57%
2011-03-31	$817.00M	1.36%
2010-12-31	$806.00M	7.32%
2010-09-30	$751.00M	-14.27%
2010-06-30	$876.00M	14.66%
2010-03-31	$764.00M	-6.37%
2009-12-31	$816.00M	0.74%
2009-09-30	$810.00M	-8.89%
2009-06-30	$889.00M	-0.67%
2009-03-31	$895.00M	-12.51%
2008-12-31	$1.02B	3.29%
2008-09-30	$990.38M	20.56%
2008-06-30	$821.48M	0.94%
2008-03-31	$813.83M	22.47%
2007-12-31	$664.49M	-

Nasdaq generated $1.90B in revenue during Q3 2024, up 6.25% compared to the previous quarter, and up 132.87% compared to the same period a year ago.

Nasdaq Revenue Breakdown

Nasdaq Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Market Services	$3.16B	-	-	-	-
Financial Technology	$1.10B	-	-	-	-
Other	$9.00M	-	-	-	-
Capital Access Platforms	$1.77B	-	-	-	-
Market Technology	-	$30.00M	-	-	-
IR & ESG Services	-	-	$96.00M	-	-
Analytics	-	-	$125.00M	-	-
Market Technology Revenues	-	-	-	$60.00M	$40.00M
Corporate Solutions Revenue	-	-	-	$41.00M	$36.00M
Information Services Revenue	-	-	-	$64.00M	$59.00M
Initial Listing Fees	-	-	-	$30.00M	$26.00M
Listing Of Additional Shares Fees	-	-	-	$10.00M	$13.00M
Annual Renewal Fees And Other	-	-	-	$2.00M	$4.00M

Nasdaq's latest annual revenue breakdown by segment (product or service), as of Dec 23: Market Services (52.30%), Capital Access Platforms (29.33%), Financial Technology (18.21%), and Other (0.15%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Market Technology	$56.00M	$22.00M	$26.00M	$5.00M	$17.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Access Platforms	$145.00M	$63.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other	-	$5.00M	$9.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial Listing Fees	-	-	-	-	-	$10.00M	$8.00M	$7.00M	$9.00M	$17.00M	$6.00M	$7.00M	$7.00M	$10.00M	$5.00M	$5.00M	$8.00M	-	-	-
IR & ESG Services	-	-	-	-	-	-	$104.00M	$102.00M	$98.00M	-	-	-	-	-	-	-	-	-	-	-
Analytics	-	-	-	-	-	-	$138.00M	$135.00M	$136.00M	-	-	-	-	-	-	-	-	-	-	-
Market Technology Revenues	-	-	-	-	-	-	-	-	-	$1.00M	$5.00M	$17.00M	$23.00M	$15.00M	$13.00M	$14.00M	$18.00M	$4.00M	$7.00M	$-20.00M
Investment Intelligence	-	-	-	-	-	-	-	-	-	$31.00M	$64.00M	-	-	-	-	-	-	-	-	-
Annual Renewal Fees And Other	-	-	-	-	-	-	-	-	-	-	$1.00M	-	$1.00M	-	$1.00M	-	$1.00M	$1.00M	$1.00M	$-54.00M
Listing Of Additional Shares Fees	-	-	-	-	-	-	-	-	-	-	-	$1.00M	$6.00M	$2.00M	$1.00M	$2.00M	$5.00M	$3.00M	$3.00M	-
Corporate Solutions Revenue	-	-	-	-	-	-	-	-	-	$1.00M	$3.00M	$15.00M	$22.00M	$2.00M	$8.00M	$13.00M	$18.00M	$2.00M	$6.00M	$-10.00M
Information Services Revenue	-	-	-	-	-	-	-	-	-	-	-	$20.00M	$33.00M	$6.00M	$13.00M	$19.00M	$26.00M	$5.00M	$-4.00M	$18.00M

Nasdaq's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Capital Access Platforms (72.14%), and Market Technology (27.86%).

Nasdaq Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
UNITED STATES	$4.87B	$5.10B	$4.82B	$4.66B	$3.41B
Non-US	$1.19B	$1.13B	$1.06B	$963.00M	$853.00M

Nasdaq's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (80.31%), and Non-US (19.69%).

Nasdaq Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SPGI	S&P Global	$12.50B	$3.58B
ICE	Intercontinental Exchange	$9.90B	$3.03B
NDAQ	Nasdaq	$6.06B	$1.90B
MCO	Moody's	$5.92B	$1.81B
CME	CME Group	$5.58B	$1.58B
MSCI	MSCI	$2.53B	$724.71M
FDS	FactSet Research Systems	$2.20B	$552.71M

NDAQ Revenue FAQ

What is Nasdaq’s yearly revenue?

Nasdaq's yearly revenue for 2023 was $6.06B, representing a decrease of -2.60% compared to 2022. The company's yearly revenue for 2022 was $6.23B, representing an increase of 5.78% compared to 2021. NDAQ's yearly revenue for 2021 was $5.89B, representing an increase of 4.60% compared to 2020.

What is Nasdaq’s quarterly revenue?

Nasdaq's quarterly revenue for Q3 2024 was $1.9B, a 6.25% increase from the previous quarter (Q2 2024), and a 31.22% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.79B, a 7.05% increase from the previous quarter (Q1 2024), and a 25.05% increase year-over-year (Q2 2023). NDAQ's quarterly revenue for Q1 2024 was $1.67B, a 1.58% increase from the previous quarter (Q4 2023), and a 9.20% increase year-over-year (Q1 2023).

What is Nasdaq’s revenue growth rate?

Nasdaq's revenue growth rate for the last 3 years (2021-2023) was 3.02%, and for the last 5 years (2019-2023) was 42.28%.

What are Nasdaq’s revenue streams?

Nasdaq's revenue streams in c 23 are Market Services, Financial Technology, Other, and Capital Access Platforms. Market Services generated $3.16B in revenue, accounting 52.30% of the company's total revenue Financial Technology generated $1.1B in revenue, accounting 18.21% of the company's total revenue Other generated $9M in revenue, accounting 0.15% of the company's total revenue Capital Access Platforms generated $1.77B in revenue, accounting 29.33% of the company's total revenue

What is Nasdaq’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Nasdaq was Market Services. This segment made a revenue of $3.16B, representing 52.30% of the company's total revenue.