Highlights from Q2 2026 Report

• Report Date: July 23, 2026
• Period Covered: Quarter ended June 30, 2026
• Shares Outstanding: 558,977,372 shares of common stock as of July 16, 2026
• Public Filings: Nasdaq, Inc. has filed all required reports and is fully compliant with SEC regulations.
• Large Accelerated Filer: Nasdaq, Inc. is a large accelerated filer, not an emerging growth or shell company.
• Primary Listings: Common stock listed on The Nasdaq Stock Market (symbol: NDAQ); several series of senior notes also listed and traded.

Key Financial and Structural Information for Investors

• Strong Regulatory Compliance: Nasdaq confirms timely filing of all required documents with the SEC, a sign of robust internal governance and transparency.
• Share Structure and Capitalization: As of July 16, 2026, there are 558,977,372 shares outstanding, which is critical for calculating market capitalization and per-share metrics.
• Security Listings:
  • Common Stock, \$0.01 par value per share, trading under symbol NDAQ on The Nasdaq Stock Market and the new Nasdaq Texas, LLC.
  • Multiple Senior Notes outstanding, including:
    • 4.500% Senior Notes due 2032 (NDAQ32)
    • 0.900% Senior Notes due 2033 (NDAQ33)
    • Senior Notes due 2029 (NDAQ29)
    • Senior Notes due 2030 (NDAQ30)

    All are actively traded on The Nasdaq Stock Market.

• Segmental and Geographical Diversification:
  Nasdaq’s operations span multiple segments, including Capital Access Platforms and Financial Technology, with significant business in both the US and Europe.
• Share-Based Compensation:
  The typical vesting period for share awards is 1 year, with expiration periods of 3 years. This is relevant for dilution analysis and future share issuance.
• Non-Shell, Non-Emerging Growth Status:
  Nasdaq is neither an emerging growth company nor a shell, indicating a mature, established business profile with a stable regulatory environment.
• Recent Corporate Name and Structure Changes:
  Nasdaq, Inc. has undergone previous rebranding (from NASDAQ OMX GROUP, INC. and NASDAQ STOCK MARKET INC.), signaling a focus on evolving corporate identity and market positioning.

Potentially Price-Sensitive and Shareholder-Relevant Information

• Stable Share Count and Strong Compliance: The confirmation of almost 559 million shares outstanding and ongoing compliance reduces uncertainty for investors and supports confidence in the company’s operational integrity.
• Expansion of Trading Venues: The appearance of Nasdaq stock on “Nasdaq Texas, LLC” indicates ongoing expansion of trading venues, which could drive future trading volumes and revenue growth.
• Debt Profile: The multiple actively traded senior notes with staggered maturities (2029–2033) provide insight into Nasdaq’s leverage and refinancing risk. Investors should monitor any new debt issuances or changes to these notes.
• Segmental Insights: The report explicitly lists technology and access platform segments, including regulatory technology and financial crime management. Continued growth in these areas (especially regulatory technology) could be a source of future upside, given global trends in compliance, cybersecurity, and fintech.
• Geographic Diversification: Operations in both US and Europe (including the Baltic and Nordic markets) provide resilience against regional downturns and tap into a broader customer and issuer base.

Comprehensive Glossary and Definitions

The Form 10-Q provides an extensive glossary of terms and segment definitions, including specifics about Nasdaq’s various exchanges, business segments, and key financial acronyms. This underlines the company’s complexity and reach, and helps investors understand the scope and scale of Nasdaq’s operations, from traditional equity markets to new technology platforms and regulatory products.

Investor Takeaways

• Nasdaq remains a fully compliant, large-cap, multi-segment financial technology and exchange operator with global reach and a clear commitment to transparency and ongoing innovation.
• The continued listing of multiple debt instruments and the expansion of trading platforms suggest ongoing capital markets activity and potential for new business lines.
• There are no indications of material negative events, restatements, or compliance failures, which would otherwise impact share price negatively.
• Shareholders should monitor further filings for detailed financial performance, as this summary is based on the cover and structural disclosures of the 10-Q.