Insider and congress filings
Nasdaq, Inc. (NDAQ)
About Nasdaq, Inc.
from the company's filings and listing- Exchange
- NASDAQ
- Sector
- Financial Services
- Industry
- Financial - Data & Stock Exchanges
- Chief executive
- Adena T. Friedman
- Employees
- 9,630
- Listed since
- Jul 1, 2002
- Market value
- $52.7B
- Price to earnings
- 27.2
- Earnings per share
- $3.49
- Dividend yield
- 1.19%
Earnings
6 reported quarters · next on Oct 20, 2026| Quarter | EPS | EPS expected | Revenue | Revenue expected | Result |
|---|---|---|---|---|---|
| Q2 FY2026reported Jul 23, 2026 | $1.07 | $0.98 | $1.5B | $1.5B | EPS beatRevenue beat |
| Q1 FY2026reported Apr 23, 2026 | $0.96 | $0.93 | $1.4B | $1.4B | EPS beatRevenue beat |
| Jan 29, 2026 | $0.96 | $0.92 | $1.4B | $1.4B | EPS beatRevenue beat |
| Q3 FY2025reported Oct 21, 2025 | $0.88 | $0.85 | $2.0B | $1.3B | EPS beatRevenue beat |
| Q2 FY2025reported Jul 24, 2025 | $0.85 | $0.81 | $2.1B | $1.3B | EPS beatRevenue beat |
| Q1 FY2025reported Apr 24, 2025 | $0.79 | $0.77 | $2.1B | $1.2B | EPS beatRevenue beat |
Actual against the consensus estimate at the time. A flag marks a beat or a miss of more than 1.5% either way; inside that band the quarter is in line. A flag marked GAAP compares a GAAP figure the company reported with an adjusted consensus, two different measures, so a one-time gain or charge can move it either way; basis unverified means we could not classify the reported figure. A flag reads n/a only when a number is missing. An estimate is a forecast made by analysts, not a company target.
Executive pay
as filed for 2025 · proxy filed Apr 24, 2026| Executive | Salary | Stock awards | Other | Total |
|---|---|---|---|---|
| Adena T. FriedmanChair and CEO | $1.4M | $17.5M | $6.2M | $25.0M |
| Tal CohenPresident | $737K | $14.7M | $2.0M | $17.4M |
| Sarah YoungwoodEVP and CFO | $737K | $7.0M | $2.2M | $9.9M |
| P.C. Nelson GriggsPresident | $737K | $5.2M | $2.4M | $8.4M |
| Bradley J. PetersonEVP and CIO/CTO | $650K | $3.7M | $1.7M | $6.1M |
The summary compensation table from the 2025 proxy statement, current executives only. Read the filing
Institutional holders
13F positions as of Jun 30, 2026| Holder | Value | Shares | Change | Of company |
|---|---|---|---|---|
| Investor Ab | $4.6B | 58,439,208 | +0.1% | 10.36% |
| Blackrock, Inc. | $2.9B | 37,194,072 | -2.6% | 6.59% |
| Vanguard Capital Management LLC | $2.5B | 31,225,614 | -0.0% | 5.53% |
| Wellington Management Group LLP | $2.4B | 30,332,286 | -16.4% | 5.38% |
| Vanguard Portfolio Management LLC | $2.1B | 26,091,520 | -0.0% | 4.62% |
| Massachusetts Financial Services Co | $1.8B | 23,259,539 | -20.0% | 4.12% |
| State Street Corp | $1.6B | 20,181,861 | +2.4% | 3.58% |
| Geode Capital Management, LLC | $1.0B | 13,121,054 | +1.1% | 2.33% |
| Morgan Stanley | $895.1M | 11,355,733 | +10.7% | 2.01% |
| Franklin Resources Inc | $717.6M | 9,104,529 | -0.8% | 1.61% |
| Harris Associates L P | $637.9M | 8,092,686 | +1.0% | 1.43% |
| UBS Group AG | $621.4M | 7,883,784 | +12.8% | 1.40% |
A 13F reports long US equity positions 45 days after the quarter ends, so these are positions as they stood on Jun 30, 2026. For a manager's whole book see the fund directory.
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Open-market insider trades
20 filings of 378 on record| Insider | Action | Shares | Price | Value | Trade date | Delay |
|---|---|---|---|---|---|---|
| PC Nelson GriggsPres. Capital Access Platforms | Sold | 3,226 | $96.16 | $310K | Aug 10, 2026 | 2d |
| Jeremy SkuleEVP, CSO | Sold | 2,250 | $94.75 | $213K | Aug 10, 2026 | 2d |
| Bradley J. PetersonEVP, CIO | Sold | 6,000 | $95.55 | $573K | Aug 7, 2026 | 4d |
| Bryan Everard SmithEVP, CPO | Sold | 1,556 | $95.07 | $148K | Aug 3, 2026 | 2d |
| PC Nelson GriggsPres. Capital Access Platforms | Sold | 11,010 | $96.35 | $1.1M | Jul 29, 2026 | 2d |
| PC Nelson GriggsPres. Capital Access Platforms | Sold | 6,777 | $92.53 | $627K | Jul 24, 2026 | 4d |
| PC Nelson GriggsPres. Capital Access Platforms | Sold | 11,010 | $93.96 | $1.0M | Jul 27, 2026 | 1d |
| Bradley J. PetersonEVP, CIO | Sold | 13,000 | $92.61 | $1.2M | Jul 24, 2026 | 4d |
| Bryan Everard SmithEVP, CPO | Sold | 3,000 | $80.00 | $240K | Jul 1, 2026 | 1d |
| Ab Investor10% owner | Bought | 56,782 | $85.98 | $4.9M | Jun 11, 2026 | 4d |
| Bryan Everard SmithEVP, CPO | Sold | 3,000 | $86.91 | $261K | Jun 11, 2026 | 4d |
| PC Nelson GriggsPres. Capital Access Platforms | Sold | 5,093 | $92.62 | $472K | May 18, 2026 | 2d |
| Bradley J. PetersonEVP, CIO | Sold | 7,710 | $90.82 | $700K | Apr 28, 2026 | 2d |
| Cohen TalPres. Market Platforms | Sold | 15,518 | $90.75 | $1.4M | Apr 27, 2026 | 2d |
| Michelle Lynn DalySVP, Controller & PAO | Sold · 2 lines | 1,323 | $88.82 | $118K | Apr 24, 2026 | 4d |
| Adena T. FriedmanChair and CEO | Sold | 113,611 | $85.44 | $9.7M | Apr 1, 2026 | 1d |
| Adena T. FriedmanChair and CEO | Sold | 92,840 | $90.08 | $8.4M | Mar 6, 2026 | 4d |
| Bryan Everard SmithEVP, CPO | Sold | 6,000 | $87.24 | $523K | Mar 2, 2026 | 2d |
| Michelle Lynn DalySVP, Controller & PAO | Sold | 4,339 | $81.34 | $353K | Feb 19, 2026 | 4d |
| Johan TorgebyDirector | Bought | 12,000 | $79.86 | $958K | Feb 17, 2026 | 2d |
One row is one filing. A filing that reported its trade in several tranches is summed, priced at the weighted average, and marked with its line count.
Congress trades in NDAQ
20 disclosures of 111 on record · median 19d of the 45 allowed| Member | Type | Action | Amount disclosed | Since the trade | Trade date | Disclosed | Delay |
|---|---|---|---|---|---|---|---|
| Alan ArmstrongSelfFiled late | Stock | Sale (Full) | $50,001 - $100,000 | +15.6%S&P +20.2% · vs S&P 500 -4.6% | Mar 27, 2026 | Jul 21, 2026 | 116d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +4.1%S&P +1.6% · vs S&P 500 +2.5% | May 27, 2026 | Jun 9, 2026 | 13d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +9.4%S&P +11.1% · vs S&P 500 -1.7% | Apr 13, 2026 | May 11, 2026 | 28d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +9.4%S&P +11.1% · vs S&P 500 -1.7% | Apr 13, 2026 | May 11, 2026 | 28d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +9.1%S&P +7.2% · vs S&P 500 +1.9% | Apr 22, 2026 | May 11, 2026 | 19d |
| Ro Khanna | Stock | Sale | $15,001 - $50,000 | +4.8%S&P +6.8% · vs S&P 500 -2.0% | Apr 24, 2026 | May 11, 2026 | 17d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +5.3%S&P +6.9% · vs S&P 500 -1.6% | Apr 24, 2026 | May 6, 2026 | 12d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +11.8%S&P +16.4% · vs S&P 500 -4.6% | Mar 24, 2026 | Apr 7, 2026 | 14d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +12.8%S&P +20.7% · vs S&P 500 -7.8% | Mar 30, 2026 | Apr 7, 2026 | 8d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +12.5%S&P +15.7% · vs S&P 500 -3.2% | Mar 25, 2026 | Apr 7, 2026 | 13d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +11.5%S&P +17.5% · vs S&P 500 -6.0% | Mar 31, 2026 | Apr 6, 2026 | 6d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +6.2%S&P +11.4% · vs S&P 500 -5.2% | Mar 4, 2026 | Apr 6, 2026 | 33d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +8.1%S&P +12.7% · vs S&P 500 -4.7% | Mar 10, 2026 | Apr 6, 2026 | 27d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +7.5%S&P +12.5% · vs S&P 500 -5.0% | Mar 9, 2026 | Apr 6, 2026 | 28d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +10.8%S&P +15.4% · vs S&P 500 -4.6% | Mar 18, 2026 | Apr 6, 2026 | 19d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +8.3%S&P +12.2% · vs S&P 500 -3.9% | Mar 3, 2026 | Apr 6, 2026 | 34d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +8.1%S&P +11.2% · vs S&P 500 -3.1% | Feb 27, 2026 | Mar 10, 2026 | 11d |
| Ro Khanna | Stock | Sale | $15,001 - $50,000 | +11.1%S&P +10.3% · vs S&P 500 +0.7% | Feb 6, 2026 | Mar 9, 2026 | 31d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +17.2%S&P +10.1% · vs S&P 500 +7.0% | Feb 11, 2026 | Mar 9, 2026 | 26d |
| Ro Khanna | Stock | Purchase | $15,001 - $50,000 | +16.2%S&P +10.9% · vs S&P 500 +5.3% | Feb 24, 2026 | Mar 9, 2026 | 13d |
Since the trade: the stock's move from the trade date to the latest close we hold, as of Sep 10, 2026, an estimate, with the S&P 500 over the same window and the difference against it. The figures describe the stock after the trade, not the member's result: the filing carries a band, not a fill, and a sale keeps the same sign, so a positive figure after a sale means the stock kept rising. An option row carries the underlying stock's move. A row marked n/a has no market price. Not investment advice.
Members of Congress reporting a position
4 members · estimate, as of Sep 10, 20264 members report a position (estimated). The largest estimated position is in the $100,001 - $250,000 band.
| Member | Party, chamber | Estimated position | Share of their portfolio |
|---|---|---|---|
| April McClain Delaney | Democrat · House | $100,001 - $250,000 | 3.8% |
| Robert Bresnahan | Republican · House | $15,001 - $50,000 | 0.1% |
| Julie Johnson | Democrat · House | $1,001 - $15,000 | 0.1% |
| Rick Larsen | Democrat · House | $1,001 - $15,000 | 1.3% |
Estimate, as of Sep 10, 2026. Each position is modelled from the member's disclosed transactions and annual filings: the midpoint of each disclosed band, moved with the stock's price since the trade. It is a rough estimate of a reported position, not a figure from a filing, which is why it is shown as a band. Share of portfolio sets that estimate against the member's whole estimated public-stock portfolio.
Awards, option exercises and gifts (20)
| Insider | Event | Shares | Date |
|---|---|---|---|
| Melissa ArnoldiDirector | Stock award | 4,324 | Jun 10, 2026 |
| Michael R. SplinterDirector | Stock award | 5,246 | Jun 10, 2026 |
| Johan TorgebyDirector | Stock award | 2,998 | Jun 10, 2026 |
| Johan TorgebyDirector | Tax withholding | 300 | Jun 11, 2026 |
| Essa KazimDirector | Tax withholding | 622 | Jun 11, 2026 |
| Essa KazimDirector | Stock award | 4,151 | Jun 10, 2026 |
| Paul Holden Spaht Jr.Director | Stock award | 2,998 | Jun 10, 2026 |
| Jeffery W. YabukiDirector | Stock award | 4,612 | Jun 10, 2026 |
| Charlene T. BegleyDirector | Stock award | 2,998 | Jun 10, 2026 |
| Kathryn A. KochDirector | Stock award | 3,171 | Jun 10, 2026 |
| Alfred W. ZollarDirector | Stock award | 4,497 | Jun 10, 2026 |
| Thomas A. KloetDirector | Stock award | 4,554 | Jun 10, 2026 |
| Toni Townes-WhitleyDirector | Stock award | 2,998 | Jun 10, 2026 |
| Bryan Everard SmithEVP, CPO | Tax withholding | 813 | Apr 3, 2026 |
| Cohen TalPres. Market Platforms | Tax withholding | 1,565 | Apr 3, 2026 |
| PC Nelson GriggsPres. Capital Access Platforms | Tax withholding | 1,565 | Apr 3, 2026 |
| John ZeccaEVP, Global CLO | Tax withholding | 780 | Apr 3, 2026 |
| Michelle Lynn DalySVP, Controller & PAO | Tax withholding | 424 | Apr 3, 2026 |
| Bradley J. PetersonEVP, CIO | Tax withholding | 1,499 | Apr 3, 2026 |
| Adena T. FriedmanChair and CEO | Tax withholding | 8,075 | Apr 3, 2026 |
Awards, option exercises, shares withheld to cover tax and gifts all file on the same form as a purchase or a sale. None of them is a decision to trade, so they sit here rather than beside the ones that are.
Questions
Are insiders buying or selling NDAQ?
Across the 20 most recent open-market filings shown here, 2 were purchases and 18 were sales.
Which members of Congress have traded NDAQ?
Alan Armstrong, Ro Khanna, April McClain Delaney disclosed NDAQ transactions in the filings shown here.
Which members of Congress hold NDAQ?
4 members of Congress report a position in NDAQ in the estimate we hold as of Sep 10, 2026. The three largest estimated positions belong to April McClain Delaney, Robert Bresnahan and Julie Johnson. The estimate is built from disclosed transactions and annual filings, so it is shown as a band rather than a figure from a filing.
Is NDAQ in the S&P 500 or the Nasdaq 100?
Nasdaq, Inc. is a current member of the S&P 500, per the membership list we hold as of Sep 10, 2026. Current members of either index get a page here whatever their filing history.
How quickly are NDAQ trades disclosed?
Insider filings on this page reached the public a median of 2 days after the transaction, against the two business days Form 4 allows. Congressional disclosures took a median of 19 days, against the 45 the STOCK Act allows.
How to read a Form 4
A DECISION THE INSIDER MADE
COMPENSATION PLUMBING
Congress rows disclose a value range rather than an exact amount, and the STOCK Act allows up to 45 days to report. Full sourcing and the limits of this data are on the methodology page. A filing is a record of a transaction, not a signal, and nothing here is investment advice.
Data as of Sep 10, 2026.