
Insider and congress filings
Nasdaq, Inc. (NDAQ)
NASDAQ · Financial Services · 383 insider transactions · 112 congress trades · last filed 4 days agoS&P 500
About Nasdaq, Inc.
from the company's filings and listing, as of Oct 24, 2026- Exchange
- NASDAQ
- Sector
- Financial Services
- Industry
- Financial - Data & Stock Exchanges
- Chief executive
- Adena T. Friedman
- Employees
- 9,525
- Listed since
- Jul 1, 2002
- Market value
- $57.3B
- Price to earnings (12 mo)
- 27.7
- Net income per share, as reported (12 mo)
- $3.73
- Dividend yield
- 1.13%
Earnings
6 reported quarters · next on Feb 4, 2027| Quarter | EPS | EPS expected | Revenue | Revenue expected | Result |
|---|---|---|---|---|---|
| Q3 FY2026reported Oct 22, 2026 | $1.04 | $1.02 | $1.5B | $1.5B | EPS beatRevenue in line |
| 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 |
| Q4 FY2025reported 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 | n/a | EPS beatRevenue n/a |
| Q2 FY2025reported Jul 24, 2025 | $0.85 | $0.81 | $1.3B | $1.3B | 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 figure or flag reads n/a when a number is missing, or when the figure failed our check against the company's other quarters, its own filings and its share splits, and was left out. Quarterly EPS is the figure set against the consensus, usually adjusted, so the quarters need not add up to the 12-month net income per share above. An estimate is a forecast made by analysts, not a company target.
Executive pay
as filed for fiscal 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 proxy statement for fiscal 2025, with titles as filed then. Executives who have since left are not shown. Read the filing
Institutional holders
13F positions as of Jun 30, 2026| Holder | Value | Shares | Shares vs prior qtr | % of shares out |
|---|---|---|---|---|
| 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% | 3.56% |
| 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 Templeton 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 and is filed within 45 days of the quarter end, so these are positions as they stood on Jun 30, 2026. For a manager's whole book see the fund directory. What a 13F covers and leaves out is explained in our guide to Form 13F.
Open-market insider trades
20 filings shown · newest filing first| Insider | Action | Shares | Price | Value | Trade date | Delay (business days) |
|---|---|---|---|---|---|---|
| Jeremy SkuleEVP, CSO | Sold · scheduled | 1,125 | $95.00 | $107K | Oct 20, 2026filed Oct 22, 2026 | 2d |
| Jeremy SkuleEVP, CSO | Sold · scheduled | 1,125 | $94.13 | $106K | Oct 12, 2026filed Oct 14, 2026 | 2d |
| Jeremy SkuleEVP, CSO | Sold · scheduled | 1,125 | $95.00 | $107K | Sep 22, 2026filed Sep 24, 2026 | 2d |
| Jeremy SkuleEVP, CSO | Sold · scheduled | 1,125 | $94.22 | $106K | Sep 10, 2026filed Sep 14, 2026 | 2d |
| PC Nelson GriggsPres. Capital Access Platforms | Sold | 3,226 | $96.16 | $310K | Aug 10, 2026filed Aug 12, 2026 | 2d |
| Jeremy SkuleEVP, CSO | Sold · scheduled | 2,250 | $94.75 | $213K | Aug 10, 2026filed Aug 12, 2026 | 2d |
| Bradley J. PetersonEVP, CIO | Sold | 6,000 | $95.55 | $573K | Aug 7, 2026filed Aug 11, 2026 | 2d |
| Bryan Everard SmithEVP, CPO | Sold · scheduled | 1,556 | $95.07 | $148K | Aug 3, 2026filed Aug 5, 2026 | 2d |
| PC Nelson GriggsPres. Capital Access Platforms | Sold | 11,010 | $96.35 | $1.1M | Jul 29, 2026filed Jul 31, 2026 | 2d |
| PC Nelson GriggsPres. Capital Access Platforms | Sold | 11,010 | $93.96 | $1.0M | Jul 27, 2026filed Jul 28, 2026 | 1d |
| PC Nelson GriggsPres. Capital Access Platforms | Sold | 6,777 | $92.53 | $627K | Jul 24, 2026filed Jul 28, 2026 | 2d |
| Bradley J. PetersonEVP, CIO | Sold | 13,000 | $92.61 | $1.2M | Jul 24, 2026filed Jul 28, 2026 | 2d |
| Bryan Everard SmithEVP, CPO | Sold · scheduled | 3,000 | $80.00 | $240K | Jul 1, 2026filed Jul 2, 2026 | 1d |
| Bryan Everard SmithEVP, CPO | Sold · scheduled | 3,000 | $86.91 | $261K | Jun 11, 2026filed Jun 15, 2026 | 2d |
| Investor AB10% owner | Bought | 56,782 | $85.98 | $4.9M | Jun 11, 2026filed Jun 15, 2026 | 2d |
| PC Nelson GriggsPres. Capital Access Platforms | Sold | 5,093 | $92.62 | $472K | May 18, 2026filed May 20, 2026 | 2d |
| Bradley J. PetersonEVP, CIO | Sold | 7,710 | $90.82 | $700K | Apr 28, 2026filed Apr 30, 2026 | 2d |
| Tal CohenPres. Market Platforms | Sold | 15,518 | $90.75 | $1.4M | Apr 27, 2026filed Apr 29, 2026 | 2d |
| Michelle Lynn DalySVP, Controller & PAO | Sold · 2 lines | 1,323 | $88.82 | $118K | Apr 24, 2026filed Apr 28, 2026 | 2d |
| Adena T. FriedmanChair and CEO | Sold · scheduled | 113,611 | $85.44 | $9.7M | Apr 1, 2026filed Apr 2, 2026 | 1d |
One row is one filing, newest filing first. A filing that reported its trade in several tranches is summed, priced at the weighted average, and marked with its line count. Scheduled: set up in advance under a Rule 10b5-1 trading plan. The delay counts business days from the trade to the filing, the unit of Form 4's two business day deadline: weekends and federal holidays are skipped. How the filing itself works is explained in our guide to Form 4.
Other Form 4 activity (20)
| Insider | Event | Shares | Date |
|---|---|---|---|
| Jeremy SkuleEVP, CSO | Tax withholding | 1,262 | Oct 1, 2026 |
| Essa KazimDirector | Tax withholding | 622 | Jun 11, 2026 |
| Essa KazimDirector | Stock award | 4,151 | Jun 10, 2026 |
| Johan TorgebyDirector | Tax withholding | 300 | Jun 11, 2026 |
| Johan TorgebyDirector | Stock award | 2,998 | Jun 10, 2026 |
| Michael R. SplinterDirector | Stock award | 5,246 | Jun 10, 2026 |
| Melissa ArnoldiDirector | Stock award | 4,324 | Jun 10, 2026 |
| Toni Townes-WhitleyDirector | Stock award | 2,998 | Jun 10, 2026 |
| Thomas A. KloetDirector | Stock award | 4,554 | Jun 10, 2026 |
| Alfred W. ZollarDirector | Stock award | 4,497 | Jun 10, 2026 |
| Kathryn A. KochDirector | Stock award | 3,171 | Jun 10, 2026 |
| Charlene T. BegleyDirector | Stock award | 2,998 | Jun 10, 2026 |
| Jeffery W. YabukiDirector | Stock award | 4,612 | Jun 10, 2026 |
| Paul Holden Spaht Jr.Director | Stock award | 2,998 | Jun 10, 2026 |
| John ZeccaEVP, Global CLO | Tax withholding | 780 | Apr 3, 2026 |
| PC Nelson GriggsPres. Capital Access Platforms | Tax withholding | 1,565 | Apr 3, 2026 |
| Tal CohenPres. Market Platforms | Tax withholding | 1,565 | Apr 3, 2026 |
| Bryan Everard SmithEVP, CPO | Tax withholding | 813 | Apr 3, 2026 |
| Jeremy SkuleEVP, CSO | Tax withholding | 1,017 | Apr 3, 2026 |
| Bradley J. PetersonEVP, CIO | Tax withholding | 1,499 | 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.
Congress trades in NDAQ
20 disclosures of 112 on record · median 19d of the 45 allowedSince the trade: the stock's move from the trade date to the latest close we hold (figures as of Oct 25, 2026), not the member's result. Not investment advice.
| Member | Type | Action | Amount disclosed | Stock since the trade | Trade date | Disclosed | Delay |
|---|---|---|---|---|---|---|---|
| April McClain DelaneyDependent child | Stock | Sale | $100,001 - $250,000 | +3.9%After the saleS&P 500 -0.8% · +4.7 pts vs S&P 500 | Aug 25, 2026 | Sep 9, 2026 | 15d |
| Alan ArmstrongSelf | Stock | Sale (Full) | $50,001 - $100,000 | +25.9%After the saleS&P 500 +19.8% · +6.0 pts vs S&P 500 | Mar 27, 2026 | Jul 21, 2026 | 116d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +13.3%S&P 500 +1.3% · +12.0 pts vs S&P 500 | May 27, 2026 | Jun 9, 2026 | 13d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +19.1%S&P 500 +10.8% · +8.3 pts vs S&P 500 | Apr 13, 2026 | May 11, 2026 | 28d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +19.1%After the saleS&P 500 +10.8% · +8.3 pts vs S&P 500 | Apr 13, 2026 | May 11, 2026 | 28d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +18.7%After the saleS&P 500 +6.8% · +11.9 pts vs S&P 500 | Apr 22, 2026 | May 11, 2026 | 19d |
| Ro Khanna | Stock | Sale | $15,001 - $50,000 | +14.1%After the saleS&P 500 +6.4% · +7.7 pts vs S&P 500 | Apr 24, 2026 | May 11, 2026 | 17d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +14.1%S&P 500 +6.4% · +7.7 pts vs S&P 500 | Apr 24, 2026 | May 6, 2026 | 12d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +22.8%After the saleS&P 500 +20.3% · +2.5 pts vs S&P 500 | Mar 30, 2026 | Apr 7, 2026 | 8d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +21.7%After the saleS&P 500 +16.0% · +5.7 pts vs S&P 500 | Mar 24, 2026 | Apr 7, 2026 | 14d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +22.5%After the saleS&P 500 +15.3% · +7.1 pts vs S&P 500 | Mar 25, 2026 | Apr 7, 2026 | 13d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +17.3%S&P 500 +11.6% · +5.7 pts vs S&P 500 | Mar 3, 2026 | Apr 6, 2026 | 34d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +15.1%S&P 500 +10.9% · +4.2 pts vs S&P 500 | Mar 4, 2026 | Apr 6, 2026 | 33d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +16.5%S&P 500 +12.0% · +4.5 pts vs S&P 500 | Mar 9, 2026 | Apr 6, 2026 | 28d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +17.1%S&P 500 +12.2% · +4.9 pts vs S&P 500 | Mar 10, 2026 | Apr 6, 2026 | 27d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +20.0%S&P 500 +14.8% · +5.2 pts vs S&P 500 | Mar 18, 2026 | Apr 6, 2026 | 19d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +20.8%S&P 500 +16.9% · +3.9 pts vs S&P 500 | Mar 31, 2026 | Apr 6, 2026 | 6d |
| April McClain DelaneyDependent child | Stock | Purchase | $1,001 - $15,000 | +17.1%S&P 500 +10.7% · +6.4 pts vs S&P 500 | Feb 27, 2026 | Mar 10, 2026 | 11d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +19.9%After the saleS&P 500 +12.1% · +7.8 pts vs S&P 500 | Feb 5, 2026 | Mar 9, 2026 | 32d |
| Ro Khanna | Stock | Sale | $15,001 - $50,000 | +20.9%After the saleS&P 500 +10.0% · +10.9 pts vs S&P 500 | Feb 6, 2026 | Mar 9, 2026 | 31d |
Since the trade is an estimate, set beside the S&P 500 over the same window, with the gap between the two in percentage points. The filing carries a band, not a fill, and a sale keeps the stock's sign, so a positive figure after a sale means the stock kept rising after it. An option row carries the underlying stock's move. A row marked n/a is one we hold no figure for.
A delay above 45 days is the gap between the dates on the report; we mark a filing late only after checking it.
"Not captured" means the band or the transaction type on the original report is missing from our data.
"Dates conflict" marks a row whose disclosure is dated before its trade on the record we hold. Both dates are printed as filed, and no since-the-trade figure is computed from them.
Every Congress trade in NDAQ, filterable by party, chamber, type and account.
Members of Congress reporting a position
3 members · estimate, as of Oct 22, 20263 members report a position (estimated). The largest estimated position is in the $15,001 - $50,000 band.
| Member | Party, chamber | Estimated position | Share of their portfolio |
|---|---|---|---|
| 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 Oct 22, 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.
Questions
Are insiders buying or selling NDAQ?
Across the 20 most recent open-market filings shown here, 1 was a purchase and 19 were sales. 9 were scheduled in advance under a Rule 10b5-1 plan.
Which members of Congress have traded NDAQ?
April McClain Delaney, Alan Armstrong and Ro Khanna disclosed NDAQ transactions in the filings shown here.
Which members of Congress hold NDAQ?
3 members of Congress report a position in NDAQ in the estimate we hold as of Oct 22, 2026. The estimated positions belong to Robert Bresnahan, Julie Johnson and Rick Larsen. 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 Oct 26, 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 business days after the transaction (weekends and federal holidays skipped), 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 Oct 26, 2026.
