# Nasdaq **Source:** https://geo.sig.ai/brands/nasdaq **Vertical:** Professional Services **Subcategory:** Financial Exchanges & Technology **Tier:** Leader **Website:** nasdaq.com **Last Updated:** 2026-04-14 ## Summary Nasdaq Inc. (NDAQ) reported ~$3.9B revenue in FY2024; 75%+ from Solutions Segments including market technology, analytics, and financial technology; index franchise including Nasdaq-100 underpins trillions in ETFs; global market infrastructure serving 130+ countries. ## Company Overview Nasdaq, Inc. is a global technology company serving the capital markets industry. Founded in 1971 as the world's first electronic stock market, Nasdaq has evolved far beyond exchange operations to become a leading provider of trading technology, data services, and financial intelligence platforms serving thousands of clients in over 130 countries. Nasdaq generated approximately $3.9 billion in revenue in FY2024, with roughly 75% now coming from its Solutions Segments — Market Technology, Analytics & Index, and Financial Technology — rather than pure exchange trading. The company's index franchise, including the Nasdaq-100, underpins trillions of dollars in ETFs and derivatives worldwide. Its AxiomSL and Calypso acquisitions deepened its regulatory technology and capital management offerings. Nasdaq has aggressively pivoted toward SaaS and recurring revenue, acquiring Adenza in 2023 for $10.5 billion to expand in risk and regulatory reporting. With AI integrated across its market surveillance, anti-financial crime, and analytics products, Nasdaq positions itself as the "infrastructure of the financial ecosystem" — a durable technology moat beyond its exchange heritage. ## Frequently Asked Questions ### What does Nasdaq do besides running a stock exchange? Nasdaq generates ~75% of revenue from technology and data services — market surveillance software, financial crime prevention tools, ESG analytics, and the Nasdaq-100 index franchise used in trillions of dollars of ETFs. ### What is Nasdaq's ticker symbol? Nasdaq trades on its own exchange under the ticker symbol NDAQ. ### How large is Nasdaq? Nasdaq reported approximately $3.9 billion in FY2024 revenue and has a market cap of roughly $40 billion. It serves clients in over 130 countries. ### What was the Adenza acquisition? In 2023 Nasdaq acquired Adenza for $10.5 billion, adding AxiomSL regulatory reporting and Calypso capital markets risk management software to its portfolio, significantly expanding its fintech platform. ### What is Nasdaq's Verafin product and what does it do? Verafin is Nasdaq's financial crime management platform, acquired in 2021 for $2.75B. It provides AI-powered anti-money laundering (AML) detection, fraud prevention, and suspicious activity monitoring for financial institutions — one of the fastest-growing segments of Nasdaq's technology business. ### What is the Nasdaq-100 index and how does Nasdaq generate revenue from it? The Nasdaq-100 is an index of the 100 largest non-financial companies listed on the Nasdaq exchange, widely tracked via ETFs including the $300B+ QQQ fund. Nasdaq earns licensing fees from every ETF and derivative product that tracks the index — a highly profitable, recurring revenue stream tied to assets under management growth. ### How has Nasdaq transformed from a stock exchange into a technology company? Nasdaq has systematically diversified from exchange trading (which generates ~25% of revenue) into technology and data services (~75% of revenue), including selling its market surveillance technology, financial crime tools, and anti-financial crime solutions to 130+ exchanges and regulators globally. ### What is Nasdaq's Corporate Solutions business? Nasdaq's Corporate Solutions division provides IR tools, ESG reporting software, board management platforms, and investor communications services to listed companies. These SaaS products generate sticky recurring revenue from both Nasdaq-listed and non-listed public companies worldwide. ### What is Nasdaq beyond the stock exchange? Nasdaq is both a global stock exchange (listing Apple, Microsoft, Amazon) and a major financial technology company providing market infrastructure, financial crime management, analytics, and ESG solutions to exchanges, banks, and brokerages globally. ### What are Nasdaq's main business segments? Nasdaq operates three segments: Capital Access Platforms (listings, data, analytics), Financial Technology (anti-financial crime, regulatory technology, market surveillance), and Market Services (trading, clearing) — generating approximately $7B in annual revenue. ### What is Nasdaq's financial crime management business? Nasdaq's financial technology segment provides anti-money laundering (AML), fraud detection, and market surveillance software to financial institutions globally, including its Verafin platform which monitors for fraud and financial crime across banking networks. ### How does Nasdaq's listing business work? Nasdaq charges listing fees to companies that list their shares on Nasdaq exchanges, with approximately 3,500+ US-listed companies and 700+ ETFs, plus additional international exchange operations in Nordic, Baltic, and other markets through its exchange technology partnerships. ## Tags b2b, services, public, enterprise, saas --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*