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.
Nasdaq's Revenue Share by Segment
| Capital Access Platforms | 1770000000 |
|---|---|
| Financial Technology | 1099000000 |
| Market Services | 3156000000 |
| Capital Access Platforms | 1972000000 |
|---|---|
| Market Services | 3771000000 |
| Market Technology | 1621000000 |
| Capital Access Platforms | 2137000000 |
|---|---|
| Market Services | 4214000000 |
| Market Technology | 1850000000 |
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.
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% |
Nasdaq's Segments Revenue Trend
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).
Nasdaq's Revenue Growth Drivers
The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.
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%
|





