Nasdaq, Inc. Financial Statements FY2024-FY2026Q3

Nasdaq, Inc. (NDAQ) Financial Statements in Beancount — Open Ledger

Nasdaq's income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/nasdaq

Latest analysis: Nasdaq Q3 2026 Earnings: $540M Profit on Record $49B of Index Inflows

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31. All figures sourced from Nasdaq, Inc. Form 10-K and Form 10-Q filings (SEC EDGAR, CIK 0001120193). The clearinghouse pair — default funds and margin deposits, member collateral Nasdaq holds — sits on both sides of the balance sheet in equal amounts and is modeled gross, never netted; every period carries a small noncontrolling interest, deducted exactly as filed so net income is attributable to Nasdaq.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 2,393 MUSD means 2,393 million US dollars.
• Exchange accounts — Assets:Current:PerformanceBonds /
  Liabilities:Current:PerformanceBonds hold the default-funds-and-margin
  pair gross on both sides; Liabilities:Current:Section31FeesPayable holds
  the fees collected from members and owed to the SEC (nil at December 2025).
• Pass-through revenue — Income:Revenue is the filing's Total Revenues
  and Expenses:CostOfRevenue holds transaction-based expenses (rebates plus
  brokerage, clearance and exchange fees), so revenues less
  transaction-based expenses — the denominator of every margin the release
  quotes — is revenue less that line.
• Operating detail — Expenses:CompensationAndBenefits holds the
  filing's largest expense line; Expenses:OperatingExpenses aggregates the
  eight smaller operating lines with one labeled posting each;
  Expenses:DepreciationAndAmortization holds the filing's single combined
  line whole; Expenses:Interest holds interest expense.
• Attribution — Equity:NoncontrollingInterests carries the
  balance-sheet interest, and each income statement deducts the period's NCI
  share exactly as filed, so the offset is net income attributable to Nasdaq.
• Also opened — Assets:Current:RestrictedCash,
  Assets:NonCurrent:OperatingLeaseRightOfUse and
  Liabilities:NonCurrent:OperatingLeases for their separate face captions
  (the current lease liability folds into Liabilities:Current:Other per the
  leases note).

Analysis

• Nasdaq Q3 2026 Earnings: $540M Profit on Record $49B of Index Inflows — FY2026Q3

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Nasdaq, Inc.'s publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Nasdaq, Inc.; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.