NASDAQ, INC. Files 10-K for Fiscal Year Ended December 31, 2023
Ticker: NDAQ · Form: 10-K · Filed: 2024-02-21T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, NASDAQ, Financial Services, Exchange, Technology
TL;DR
<b>NASDAQ, INC. has filed its 2023 10-K report detailing its financial performance and business operations.</b>
AI Summary
NASDAQ, INC. (NDAQ) filed a Annual Report (10-K) with the SEC on February 21, 2024. NASDAQ, INC. filed its annual 10-K report for the fiscal year ending December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. Key segments include Capital Access Platforms, Financial Technology, and Market Services. The company's principal executive offices are located at 151 W. 42nd Street, New York, NY 10036. NASDAQ, INC. was formerly known as NASDAQ OMX GROUP, INC. and NASDAQ STOCK MARKET INC.
Why It Matters
For investors and stakeholders tracking NASDAQ, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of NASDAQ's financial health, operational segments, and strategic direction for the fiscal year 2023, crucial for investors assessing its performance. Understanding the details within this report is essential for stakeholders to evaluate NASDAQ's market position, revenue streams, and potential risks moving forward.
Risk Assessment
Risk Level: medium — NASDAQ, INC. shows moderate risk based on this filing. The company operates in the highly regulated financial services industry, facing risks related to market volatility, technological advancements, and cybersecurity threats, as evidenced by the nature of its business as a securities exchange and financial technology provider.
Analyst Insight
Investors should review the detailed financial statements and risk factors in the 10-K to assess NASDAQ's performance and future outlook.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Capital Access Platforms | ||
| Financial Technology | ||
| Market Services |
Key Numbers
- 2023-12-31 — Fiscal Year End (Conformed period of report)
- 2024-02-21 — Filing Date (Date the 10-K was filed)
- 0001120193-24-000006 — Accession Number (Unique identifier for the filing)
- 146 — Public Document Count (Number of documents in the filing)
Key Players & Entities
- NASDAQ, INC. (company) — Filer of the 10-K report
- NASDAQ OMX GROUP, INC. (company) — Former name of NASDAQ, INC.
- NASDAQ STOCK MARKET INC (company) — Previous former name of NASDAQ, INC.
- 151 W. 42ND STREET (location) — Business address of NASDAQ, INC.
- New York (location) — City of NASDAQ, INC.'s business address
FAQ
When did NASDAQ, INC. file this 10-K?
NASDAQ, INC. filed this Annual Report (10-K) with the SEC on February 21, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by NASDAQ, INC. (NDAQ).
Where can I read the original 10-K filing from NASDAQ, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by NASDAQ, INC..
What are the key takeaways from NASDAQ, INC.'s 10-K?
NASDAQ, INC. filed this 10-K on February 21, 2024. Key takeaways: NASDAQ, INC. filed its annual 10-K report for the fiscal year ending December 31, 2023.. The filing covers the period from January 1, 2023, to December 31, 2023.. Key segments include Capital Access Platforms, Financial Technology, and Market Services..
Is NASDAQ, INC. a risky investment based on this filing?
Based on this 10-K, NASDAQ, INC. presents a moderate-risk profile. The company operates in the highly regulated financial services industry, facing risks related to market volatility, technological advancements, and cybersecurity threats, as evidenced by the nature of its business as a securities exchange and financial technology provider.
What should investors do after reading NASDAQ, INC.'s 10-K?
Investors should review the detailed financial statements and risk factors in the 10-K to assess NASDAQ's performance and future outlook. The overall sentiment from this filing is neutral.
Risk Factors
- Regulatory Environment [medium — regulatory]: NASDAQ operates in a highly regulated environment, subject to rules and oversight from various governmental and self-regulatory bodies.
- Market Volatility [medium — market]: The company's financial performance can be significantly impacted by fluctuations in global financial markets and trading volumes.
- Technological Risks [high — operational]: NASDAQ relies heavily on its technology infrastructure, making it vulnerable to system failures, cyberattacks, and the need for continuous innovation.
Key Dates
- 2023-12-31: Fiscal Year End — The end date for the reporting period covered by the 10-K.
- 2024-02-21: Filing Date — The date NASDAQ, INC. officially submitted its 10-K report to the SEC.
From the Filing
0001120193-24-000006.txt : 20240221 0001120193-24-000006.hdr.sgml : 20240221 20240221170301 ACCESSION NUMBER: 0001120193-24-000006 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 146 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240221 DATE AS OF CHANGE: 20240221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NASDAQ, INC. CENTRAL INDEX KEY: 0001120193 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] ORGANIZATION NAME: 02 Finance IRS NUMBER: 521165937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38855 FILM NUMBER: 24660769 BUSINESS ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 1 212 401 8700 MAIL ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ OMX GROUP, INC. DATE OF NAME CHANGE: 20080227 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ STOCK MARKET INC DATE OF NAME CHANGE: 20010423 10-K 1 ndaq-20231231.htm 10-K ndaq-20231231 0001120193 2023 FY FALSE P1Y 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent P2Y 0001120193 2023-01-01 2023-12-31 0001120193 ndaq:CommonStock.01parvaluepershareMember 2023-01-01 2023-12-31 0001120193 ndaq:FourPointFiveZeroZeroSeniorNotesDue2032Member 2023-01-01 2023-12-31 0001120193 ndaq:ZeroPointNineZeroZeroSeniorUnsecuredNotesDue2033Member 2023-01-01 2023-12-31 0001120193 ndaq:ZeroPointEightSevenFivePercentSeniorNotesDue2030Member 2023-01-01 2023-12-31 0001120193 ndaq:OnePointSevenFivePercentSeniorNotesDue2029Member 2023-01-01 2023-12-31 0001120193 2023-06-30 iso4217:USD 0001120193 2024-02-13 xbrli:shares 0001120193 2023-10-01 2023-12-31 0001120193 2023-12-31 0001120193 2022-12-31 iso4217:USD xbrli:shares 0001120193 ndaq:CapitalAccessPlatformsMember us-gaap:OperatingSegmentsMember 2023-01-01 2023-12-31 0001120193 ndaq:CapitalAccessPlatformsMember us-gaap:OperatingSegmentsMember 2022-01-01 2022-12-31 0001120193 ndaq:CapitalAccessPlatformsMember us-gaap:OperatingSegmentsMember 2021-01-01 2021-12-31 0001120193 us-gaap:OperatingSegmentsMember ndaq:FinancialTechnologyMember 2023-01-01 2023-12-31 0001120193 us-gaap:OperatingSegmentsMember ndaq:FinancialTechnologyMember 2022-01-01 2022-12-31 0001120193 us-gaap:OperatingSegmentsMember ndaq:FinancialTechnologyMember 2021-01-01 2021-12-31 0001120193 ndaq:MarketServicesMember us-gaap:OperatingSegmentsMember 2023-01-01 2023-12-31 0001120193 ndaq:MarketServicesMember us-gaap:OperatingSegmentsMember 2022-01-01 2022-12-31 0001120193 ndaq:MarketServicesMember us-gaap:OperatingSegmentsMember 2021-01-01 2021-12-31 0001120193 us-gaap:MaterialReconcilingItemsMember 2023-01-01 2023-12-31 0001120193 us-gaap:MaterialReconcilingItemsMember 2022-01-01 2022-12-31 0001120193 us-gaap:MaterialReconcilingItemsMember 2021-01-01 2021-12-31 0001120193 2022-01-01 2022-12-31 0001120193 2021-01-01 2021-12-31 0001120193 ndaq:TransactionRebatesMember 2023-01-01 2023-12-31 0001120193 ndaq:TransactionRebatesMember 2022-01-01 2022-12-31 0001120193 ndaq:TransactionRebatesMember 2021-01-01 2021-12-31 0001120193 ndaq:BrokerageClearanceAndExchangeFeesMember 2023-01-01 2023-12-31 0001120193 ndaq:BrokerageClearanceAndExchangeFeesMember 2022-01-01 2022-12-31 0001120193 ndaq:BrokerageClearanceAndExchangeFeesMember 2021-01-01 2021-12-31 0001120193 us-gaap:CommonStockMember 2022-12-31 0001120193 us-gaap:CommonStockMember 2021-12-31 0001120193 us-gaap:CommonStockMember 2020-12-31 0001120193 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001120193 us-gaap:CommonStockMember 2023-12-31 0001120193 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001120193 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001120193 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001120193 ndaq:ShareRepurchaseProgramMember us-gaap:AdditionalPaidInCapitalMember 2023-01-01 202