ACQUISITIONS AND DIVESTITURES	9 Months Ended
Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES Acquisitions In September 2026, we completed the acquisition of Dasseti, an AI-powered due diligence and monitoring platform for investment consultants, institutional investors, and asset managers. Dasseti's capabilities will be integrated into our analytics business within Workflow & Insights. This acquisition builds on our pre-existing minority investment in Dasseti. In October 2026, we acquired the remaining ownership interests in LeveL Holdings, LLC, parent of LeveL Markets, LLC, or LeveL Markets, an institutional alternative trading system and broker-dealer serving the institutional equity trading market. Prior to the acquisition, we held a minority interest in LeveL Markets. Following the transaction, LeveL Markets became a wholly owned subsidiary of Nasdaq and will be integrated into Digital Liquidity Networks, a new organization under our Market Services segment. Divestitures In September 2026, we completed the sale of our subsidiary, Nasdaq Fund Secondaries, to NPM in exchange for additional equity interests in NPM. Following the transaction, we continue to maintain a minority interest in NPM. During August 2026, we completed the sale of Nasdaq Metrio's platform and customer contracts to a third party. We also commenced an orderly wind-down of our sustainability advisory business. We expect this wind-down to continue through 2027. In October 2025, Nasdaq completed the sale of our Solovis business. The divestitures discussed above were previously included in Workflow & Insights within our Capital Access Platforms segment. In April 2025, Nasdaq completed the sale of our Nasdaq Risk Modelling for Catastrophes business previously included in Capital Markets Technology within our Financial Technology segment. In January 2025, we entered into an agreement to transfer existing open positions in our Nordic power futures business to a European exchange. In June 2025, this transaction was completed and partial consideration was received. Migration of open positions was completed during the first quarter of 2026, resulting in an incremental gain of $88 million, net of costs to sell. This additional consideration was received in April 2026. We no longer provide commodities clearing and trading services as of June 2026, and will continue to wind down business operations through the remainder of 2026. In connection with the successful migration of open positions, Nasdaq may receive additional consideration in 2027, and is expected to release regulatory capital in the medium term. The impact of the transactions described above is net of cost to sell and is included in net gain (loss) on divestitures in the Condensed Consolidated Statements of Income.

ACQUISITIONS AND DIVESTITURES

9 Months Ended

Sep. 30, 2026

Discontinued Operations and Disposal Groups [Abstract]

ACQUISITIONS AND DIVESTITURES

Acquisitions

In September 2026, we completed the acquisition of Dasseti,

an AI-powered due diligence and monitoring platform for

investment consultants, institutional investors, and asset

managers. Dasseti's capabilities will be integrated into our

analytics business within Workflow & Insights. This

acquisition builds on our pre-existing minority investment in

Dasseti.

In October 2026, we acquired the remaining ownership

interests in LeveL Holdings, LLC, parent of LeveL Markets,

LLC, or LeveL Markets, an institutional alternative trading

system and broker-dealer serving the institutional equity

trading market. Prior to the acquisition, we held a minority

interest in LeveL Markets. Following the transaction, LeveL

Markets became a wholly owned subsidiary of Nasdaq and

will be integrated into Digital Liquidity Networks, a new

organization under our Market Services segment.

Divestitures

In September 2026, we completed the sale of our subsidiary,

Nasdaq Fund Secondaries, to NPM in exchange for

additional equity interests in NPM. Following the transaction,

we continue to maintain a minority interest in NPM. During

August 2026, we completed the sale of Nasdaq Metrio's

platform and customer contracts to a third party. We also

commenced an orderly wind-down of our sustainability

advisory business. We expect this wind-down to continue

through 2027. In October 2025, Nasdaq completed the sale of

our Solovis business. The divestitures discussed above were

previously included in Workflow & Insights within our

Capital Access Platforms segment.

In April 2025, Nasdaq completed the sale of our Nasdaq Risk

Modelling for Catastrophes business previously included in

Capital Markets Technology within our Financial

Technology segment.

In January 2025, we entered into an agreement to transfer

existing open positions in our Nordic power futures business

to a European exchange. In June 2025, this transaction was

completed and partial consideration was received. Migration

of open positions was completed during the first quarter of

2026, resulting in an incremental gain of $88 million, net of

costs to sell. This additional consideration was received in

April 2026. We no longer provide commodities clearing and

trading services as of June 2026, and will continue to wind

down business operations through the remainder of 2026. In

connection with the successful migration of open positions,

Nasdaq may receive additional consideration in 2027, and is

expected to release regulatory capital in the medium term.

The impact of the transactions described above is net of cost

to sell and is included in net gain (loss) on divestitures in the

Condensed Consolidated Statements of Income.