纳斯达克 2026年季度报告

Washington, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedJune 30, 2026 OR Commission file number: 001-38855 Nasdaq, Inc. (Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code: +1 212 401 8700 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)hasbeen subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Acceleratedfiler☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date. Outstanding at July 16, 2026 558,977,372shares Nasdaq, Inc. PART IFinancial InformationItem1.Financial Statements1Condensed Consolidated Balance Sheets1Condensed Consolidated Statements of Income2 TABLE OF CONTENTSCondensed Consolidated Statements of Comprehensive Income3Condensed Consolidated Statements of Changes in Stockholders' Equity4Condensed Consolidated Statements of Cash Flows5Notes to Condensed Consolidated Financial Statements6Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk43Item 4.Controls and Procedures46 PART IIOther InformationItem1.Legal Proceedings46Item1A.Risk Factors46Item2.Unregistered Sales of Equity Securities and Use of Proceeds46Item5.Other Information47Item6.Exhibits48SIGNATURES48 About this Form 10-Q 2030 Notes: €600 million aggregate principal amount issuedof 0.875% senior unsecured notes due February 13, 20302031 Notes: $650 million aggregate principal amount issuedof 1.650% senior unsecured notes due January 15, 20312032 Notes: €750 million aggregate principal amount issuedof 4.500% senior unsecured notes due February 15, 20322033 Notes: €615 million aggregate principal amount issuedof 0.900% senior unsecured notes due July 30, 20332034 Notes: $1.25 billion aggregate principal amount issuedof 5.550% senior unsecured notes due February 15, 20342040 Notes: $650 million aggregate principal amount issuedof 2.500% senior unsecured notes due December 21, 20402050 Notes: $500 million aggregate principal amount issuedof 3.250% senior unsecured notes due April 28, 20502052 Notes: $550 million aggregate principal amount issuedof 3.950% senior unsecured notes due March 7, 2052 Throughout this Form 10-Q, unless otherwise specified: •“Nasdaq,” “we,” “us” and “our” refer to Nasdaq, Inc.•“Nasdaq Baltic” refers to collectively, Nasdaq TallinnAS, Nasdaq Riga, AS, and AB Nasdaq Vilnius.•“NasdaqTexas”refers to the cash equity exchangeoperated by Nasdaq Texas, LLC, formerly Nasdaq BX.•“NTX Options” refers to the options exchange operatedby Nasdaq Texas, LLC, formerly Nasdaq BX Options.•“NasdaqClearing”refers to the clearing operationsconducted by Nasdaq Clearing AB.•“Nasdaq CXC” and “Nasdaq CX2” refer to the Canadiancash equity trading books operated by Nasdaq CXCLimited.•“NasdaqFirst North”refers to our alternativemarketplacesfor smaller companies and growthcompanies in the Nordic and Baltic regions. 2053 Notes: $750 million aggregate principal amount issuedof 5.950% senior unsecured notes due August 15, 2053 •“NasdaqGEMX”refers to the options exchangeoperated by Nasdaq GEMX, LLC.•“Nasdaq ISE” refers to the options exchange operated byNasdaq ISE, LLC.•“Nasdaq MRX” refers to the options exchange operatedby Nasdaq MRX, LLC.•“Nasdaq Nordic” refers to collectively, Nasdaq ClearingAB, Nasdaq Stockholm AB, Nasdaq Copenhagen A/S,Nasdaq Helsinki Ltd, and Nasdaq Iceland hf.•“Nasdaq PHLX” refer