Nasdaq, Inc.

NDAQ

Exchange: Nasdaq
Industry: Security & Commodity Brokers, Dealers, Exchanges & Services
SEC CIK: 0001120193

SEC filings (opens in a new tab)

In the last 90 days, Nasdaq, Inc. insiders filed 0 open-market purchases and 10 sales; 1,094 institutions reported holding it in 13F filings for Q2 2026, worth $37.2B in total; Harris Associates (Oakmark) is the only superinvestor holding it.

Key figures

Market capClose on Nov 10, 2026: $61.1B
Insider buysOpen market, last 90 days: 0
Insider sellsLast 90 days, $3.37M in total: 10
13F holdersQ2 2026, +3 vs. previous quarter: 1,094
13F valueReported value at the end of Q2 2026: $37.2B
Superinvestors holdingAt the end of Q2 2026: 1

Price chart

Chart by TradingView (opens in a new tab)

Financials

See financial statements

From SEC filings, in USD.

Revenue, FY2025: $8.26B; +11.6% year over year
Net income, FY2025: $1.79B; +60.1% year over year
Free cash flow, FY2025: $1.99B; +14.8% year over year
Revenue, Q3 FY2026: $2.39B; +22.2% year over year

Revenue flow, FY2025

Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue.

Short interest

See short data

From FINRA, settlement date Oct 30, 2026.

Short interest: 9.09M; Shares sold short
Change: −596.4K; −6.2% vs. previous
Days to cover: 2.39; At average daily volume

Superinvestors holding NDAQ, Q2 2026

Go to the superinvestors tab

1 superinvestor reports holding Nasdaq, Inc. on Form 13F. Percentages are the stock's share of each portfolio.

Harris Associates (Oakmark)

Bill Nygren

0.8%

Nasdaq, Inc.'s share of the portfolio

Shares: 8,092,686
Value: $637.9M

Latest insider trades

See all insider trades

Open-market purchases and sales by Nasdaq, Inc. insiders from Form 4, newest first.

Insider trades
Filed (ET)	Trade date	Filing delay	Insider	Transaction	Shares	Avg price	Value	Holding change	Flags
Nov 6, 2026 (view filing)4:05 PM ET	Nov 4	2 days	Tal CohenPres. Market Platforms	SSaleCommon Stock, par value $0.01 per share	−2.29K	$109.40	−$250.1K	−1.1%200.5K after
Nov 6, 2026 (view filing)4:05 PM ET	Nov 4	2 days	Peterson Bradley JEVP, CIO	SSaleCommon Stock, par value $0.01 per share	−5.00K	$107.75	−$538.8K	−4.4%109.3K after
Nov 5, 2026 (view filing)4:05 PM ET	Nov 3	2 days	Tal CohenPres. Market Platforms	SSaleCommon Stock, par value $0.01 per share	−2.29K	$108.05	−$247.3K	−1.1%202.8K after
Oct 29, 2026 (view filing)4:05 PM ET	Oct 27	2 days	Peterson Bradley JEVP, CIO	SSaleCommon Stock, par value $0.01 per share	−3.99K	$104.75	−$417.6K	−3.4%114.3K after
Oct 27, 2026 (view filing)4:05 PM ET	Oct 23	4 days	Tal CohenPres. Market Platforms	SSaleCommon Stock, par value $0.01 per share	−10.4K	$103.34	−$1.07M	−4.8%205.1K after
Oct 27, 2026 (view filing)4:05 PM ET	Oct 23	4 days	Peterson Bradley JEVP, CIO	SSaleCommon Stock, par value $0.01 per share	−4.00K	$103.38	−$413.5K	−3.3%118.3K after
Oct 22, 2026 (view filing)4:05 PM ET	Oct 20	2 days	Skule JeremyEVP, CSO	SSaleCommon Stock, par value $0.01 per share	−1.13K	$95.00	−$106.9K	−1.2%96.6K after	10b5-1
Oct 14, 2026 (view filing)4:05 PM ET	Oct 12	2 days	Skule JeremyEVP, CSO	SSaleCommon Stock, par value $0.01 per share	−1.13K	$94.13	−$105.9K	−1.1%97.7K after	10b5-1
Sep 24, 2026 (view filing)4:00 PM ET	Sep 22	2 days	Skule JeremyEVP, CSO	SSaleCommon Stock, par value $0.01 per share	−1.13K	$95.00	−$106.9K	−1.1%100.1K after	10b5-1
Sep 14, 2026 (view filing)4:05 PM ET	Sep 10	4 days	Skule JeremyEVP, CSO	SSaleCommon Stock, par value $0.01 per share	−1.13K	$94.22	−$106.0K	−1.1%101.2K after	10b5-1

Top 10 13F holders, Q2 2026

See all 1,094 holders

The largest institutional positions in Nasdaq, Inc. at the end of Q2 2026; share changes are against Q1 2026.

Institutions holding NDAQ in Q2 2026
Institution	Shares	Value	% of portfolio	Change in shares	Action
Investor AB	58,439,208	$4.61B	31.98%	+56,782+0.1%	Added
BlackRock, Inc.	37,194,072	$2.93B	0.04%	−975,710−2.6%	Reduced
Vanguard Capital Management LLC	31,225,614	$2.46B	0.05%	−12,1940.0%	Reduced
Wellington Management Group LLP	30,332,286	$2.39B	0.41%	−5,946,692−16.4%	Reduced
Vanguard Portfolio Management LLC	26,091,520	$2.06B	0.09%	−12,1710.0%	Reduced
Massachusetts Financial Services Co	23,259,539	$1.83B	0.59%	−5,800,900−20.0%	Reduced
State Street Corp	20,181,861	$1.59B	0.05%	+467,156+2.4%	Added
Geode Capital Management, LLC	13,121,054	$1.03B	0.05%	+143,896+1.1%	Added
Morgan Stanley	11,355,733	$895.1M	0.05%	+1,100,229+10.7%	Added
Franklin Resources Inc	9,104,529	$717.6M	0.16%	−69,619−0.8%	Reduced

Holders of 5% or more of NDAQ

See all 3 holders and filings

Holders whose latest Schedule 13D or 13G filing reports 5% or more of Nasdaq, Inc..

Largest holders of NDAQ from 13D and 13G filings
Holder	Latest form	Stake	Change	First filed	Latest filing	Filing
Vanguard Capital Management LLC	13G	6.29%35.8M shares	New	Apr 30, 20261 filing	Apr 30, 2026	SEC
BlackRock, Inc.	13G/A	6.20%34.9M shares	–	Oct 27, 20261 filing	Oct 27, 2026	SEC
Wellington Management Group LLP	13G/A	5.40%30.3M shares	−1.80 ppfrom 7.20%	Nov 8, 20244 filings	Aug 13, 2026	SEC

Politician trades

All politician trades in NDAQ

8 members of Congress reported 32 trades in Nasdaq, Inc. since 2020. Newest filings:

Latest politician trades in NDAQ
Filed	Politician	Type	Amount
Sep 9, 2026	April McClain Delaney House · MD	Sell	$100K-$250K
Jul 21, 2026	Alan Armstrong Senate · OK	Sell (full)	$50K-$100K
May 6, 2026	April McClain Delaney House · MD	Buy	$1K-$15K
Apr 6, 2026	April McClain Delaney House · MD	Buy	$1K-$15K
Apr 6, 2026	April McClain Delaney House · MD	Buy	$1K-$15K

April McClain Delaney
House · MD · Sep 9, 2026
Sell$100K-$250K
Alan Armstrong
Senate · OK · Jul 21, 2026
Sell (full)$50K-$100K
April McClain Delaney
House · MD · May 6, 2026
Buy$1K-$15K
April McClain Delaney
House · MD · Apr 6, 2026
Buy$1K-$15K
April McClain Delaney
House · MD · Apr 6, 2026
Buy$1K-$15K