Nasdaq, Inc. (NDAQ)

Over the past six months, Nasdaq, Inc. stock has traded between $77.09 and $101.79, reaching an all-time high closing price of $100.66 on January 16, 2026. Nasdaq reported strong financial results for Q4 2025 and the full year 2025, with net revenue increasing by 13% to $5.2 billion. The company reported strong first-quarter 2026 results, with adjusted EPS of $0.96 and revenue of $1.4 billion, a 14% increase year-over-year. The company announced an increase in its regular quarterly dividend to $0.31 per share. There has been insider selling activity totaling approximately $1.9 million, considered a minor risk. NDAQ's stock price has been influenced by broader market sentiment, including optimism around AI and earnings, as well as cautious positioning due to Middle East tensions and Fed rate uncertainty.

While specific demand seasonality for Nasdaq, Inc.'s individual products and services is not explicitly detailed, the seasonality of the Nasdaq Composite and Nasdaq 100 indices provides an indirect indication of demand for its market services and data products. Historically, these indices have shown seasonal strength, with July averaging a gain for the Nasdaq 100. Analysis suggests a consistent positive drift for the Nasdaq following CPI prints. The period between October 10 and January 14 has historically shown strong returns for the Nasdaq Composite. Periods of increased market activity and investor confidence can lead to higher demand for Nasdaq's services.

Nasdaq, Inc. is a global financial technology company operating a significant financial market infrastructure. It operates in the Financial Services sector, specifically in Financial Data & Stock Exchanges, Stock & Commodity Exchanges, and Capital Markets industries. The company's business is divided into three segments: Capital Access Platforms, Financial Technology, and Market Services. Its services include equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, trade management services, listing services, investor relations, ESG services, market data, financial crime management platforms, regulatory technology, and capital markets technology solutions.

Nasdaq, Inc. is headquartered in New York City and has a global presence with offices and market operations across various regions. It operates exchanges in the Nordic and Baltic regions, known as Nasdaq Nordic, and owns the Nasdaq Stock Exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange in the United States. Nasdaq provides technology services to over 60 exchanges in more than 50 countries across six continents, and its data is accessed by over two million users in 83 countries.

Nasdaq, Inc. maintains a strong brand reputation for innovation and trust in the financial sector. Strategic acquisitions like Verafin and Adenza have expanded its capabilities. Nasdaq has adopted "fast entry" rules for large IPOs to join the Nasdaq 100. Consistent earnings beats and revenue growth contribute positively to its reputation. Potential challenges include regulatory compliance risks, dependence on technological infrastructure, and market competition.

Nasdaq, Inc. is primarily owned by institutional investors, strategic international partners, and private equity firms. Major institutional shareholders include The Vanguard Group, Borse Dubai, Ltd., Investor AB, BlackRock, Inc., Wellington Management Company, MFS Investment Management, State Street Corporation, Geode Capital Management, Franklin Advisers, and Harris Associates. Following the acquisition of Adenza in 2023, Thoma Bravo received approximately 14.9% of Nasdaq's stock. Insider ownership remains in the low single digits, with some officers and directors engaging in share sales under pre-arranged plans.