Revenue breakdown by Products & Services
Revenue breakdown by Geography

Nasdaq's Revenue by Segment

In fiscal year 2025, Nasdaq's revenue by segment (products & services) are as follows:

  • Capital Access Platforms: $2.14 B
  • Market Services: $4.21 B
  • Market Technology: $1.85 B

Learn more about Nasdaq’s Revenue by Geography

Check out competitors to Nasdaq in a side-by-side comparison.

Explore additional financial metrics for Nasdaq.

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The above chart shows Nasdaq's revenue percentage share by segment (products and services).

In fiscal year 2023, Nasdaq's revenue by segment is as follows:

  • Capital Access Platforms generated $1.77 B in revenue, representing 29.38% of its total revenue.
  • Financial Technology generated $1.10 B in revenue, representing 18.24% of its total revenue.
  • Market Services generated $3.16 B in revenue, representing 52.38% of its total revenue.

The biggest segment for Nasdaq is the Market Services, which represents 52.38% of its total revenue.
The smallest segment for Nasdaq is the Financial Technology, which represents 18.24% of its total revenue.

The above chart shows Nasdaq's revenue percentage share by segment (products and services).

In fiscal year 2024, Nasdaq's revenue by segment is as follows:

  • Capital Access Platforms generated $1.97 B in revenue, representing 26.78% of its total revenue.
  • Market Services generated $3.77 B in revenue, representing 51.21% of its total revenue.
  • Market Technology generated $1.62 B in revenue, representing 22.01% of its total revenue.

The biggest segment for Nasdaq is the Market Services, which represents 51.21% of its total revenue.
The smallest segment for Nasdaq is the Market Technology, which represents 22.01% of its total revenue.

The above chart shows Nasdaq's revenue percentage share by segment (products and services).

In fiscal year 2025, Nasdaq's revenue by segment is as follows:

  • Capital Access Platforms generated $2.14 B in revenue, representing 26.06% of its total revenue.
  • Market Services generated $4.21 B in revenue, representing 51.38% of its total revenue.
  • Market Technology generated $1.85 B in revenue, representing 22.56% of its total revenue.

The biggest segment for Nasdaq is the Market Services, which represents 51.38% of its total revenue.
The smallest segment for Nasdaq is the Market Technology, which represents 22.56% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2023 2024 2025
Capital Access Platforms 29.38% 26.78% 26.06%
Market Services 52.38% 51.21% 51.38%
Financial Technology 18.24% - -
Market Technology - 22.01% 22.56%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Nasdaq.

In fiscal year 2025, the Market Services generated the most revenue ($4.21 B), and the Market Technology generated the least revenue ($1.85 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Capital Access Platforms revenue increased 8.37% ($165.00 M) from $1.97 B (in 2024) to $2.14 B (in 2025).
  • Market Services revenue increased 11.75% ($443.00 M) from $3.77 B (in 2024) to $4.21 B (in 2025).
  • Market Technology revenue increased 14.13% ($229.00 M) from $1.62 B (in 2024) to $1.85 B (in 2025).
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    Summary Table

    Products & Services 2023 2024 2025
    Capital Access Platforms $1.77 B - $1.97 B
    11.41%
    $2.14 B
    8.37%
    Financial Technology $1.10 B - - - - -
    Market Services $3.16 B - $3.77 B
    19.49%
    $4.21 B
    11.75%
    Market Technology - - $1.62 B - $1.85 B
    14.13%
    Total Revenue $6.03 B - $7.36 B
    22.22%
    $8.20 B
    11.37%