How does Nasdaq (NDAQ) make money?

Nasdaq (NDAQ) primarily makes money through Market Services, which accounts for 50% of total revenue. For TTM through Q1 2026, Nasdaq generated $8.27B in total revenue with a net profit margin of 23.1%.

What is Nasdaq (NDAQ) gross profit margin?

Nasdaq (NDAQ) reported a gross profit margin of 54.8% for TTM through Q1 2026, equivalent to $4.53B in gross profit. This means Nasdaq retains 54.8% of each revenue unit after direct costs of production.

What is Nasdaq (NDAQ) operating profit margin?

Nasdaq (NDAQ) reported an operating profit margin of 29.5% for TTM through Q1 2026, equivalent to $2.44B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Nasdaq (NDAQ) net profit margin?

Nasdaq (NDAQ) reported a net profit margin of 23.1% for TTM through Q1 2026, equivalent to $1.91B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Nasdaq (NDAQ) spend on capital expenditures?

Nasdaq (NDAQ) spent $277.00M on capital expenditures in TTM through Q1 2026 (3.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Nasdaq (NDAQ) free cash flow?

Nasdaq (NDAQ) generated $2.00B in free cash flow for TTM through Q1 2026 (24.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Nasdaq (NDAQ) effective tax rate?

Nasdaq (NDAQ) had an effective tax rate of 18% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Nasdaq (NDAQ) Makes Money: A Visual Guide

Nasdaq (NDAQ) generated $8.27B in revenue, earning $1.91B in net profit (23.1% margin). Its largest revenue source is Market Services (50% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Nasdaq (NDAQ) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 24, 2026).

Frequently asked questions

How does Nasdaq (NDAQ) make money?: Nasdaq (NDAQ) primarily makes money through Market Services, which accounts for 50% of total revenue. For TTM through Q1 2026, Nasdaq generated $8.27B in total revenue with a net profit margin of 23.1%.
What is Nasdaq (NDAQ) gross profit margin?: Nasdaq (NDAQ) reported a gross profit margin of 54.8% for TTM through Q1 2026, equivalent to $4.53B in gross profit. This means Nasdaq retains 54.8% of each revenue unit after direct costs of production.
What is Nasdaq (NDAQ) operating profit margin?: Nasdaq (NDAQ) reported an operating profit margin of 29.5% for TTM through Q1 2026, equivalent to $2.44B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Nasdaq (NDAQ) net profit margin?: Nasdaq (NDAQ) reported a net profit margin of 23.1% for TTM through Q1 2026, equivalent to $1.91B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Nasdaq (NDAQ) spend on capital expenditures?: Nasdaq (NDAQ) spent $277.00M on capital expenditures in TTM through Q1 2026 (3.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Nasdaq (NDAQ) free cash flow?: Nasdaq (NDAQ) generated $2.00B in free cash flow for TTM through Q1 2026 (24.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Nasdaq (NDAQ) effective tax rate?: Nasdaq (NDAQ) had an effective tax rate of 18% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.