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Nasdaq, Inc. (NDAQ): ANSOFF-Matrixanalyse |
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Nasdaq, Inc. (NDAQ) Bundle
In der dynamischen Landschaft der Finanzmärkte steht Nasdaq, Inc. (NDAQ) an der Spitze strategischer Innovationen und erstellt akribisch eine transformative Roadmap, die über traditionelle Börsengrenzen hinausgeht. Durch die strategische Nutzung der Ansoff-Matrix ist das Unternehmen bereit, seinen Ansatz in den Bereichen Marktdurchdringung, Entwicklung, Produktinnovation und Diversifizierung zu revolutionieren – und verspricht eine mutige Neugestaltung der Finanztechnologie-Infrastruktur, die die Funktionsweise und Interaktion globaler Märkte in einem zunehmend digitalen Ökosystem neu definieren könnte.
Nasdaq, Inc. (NDAQ) – Ansoff-Matrix: Marktdurchdringung
Erweitern Sie die Daten- und Analysedienste für bestehende Finanzmarktkunden
Im Jahr 2022 erwirtschaftete das Market Technology-Segment der Nasdaq einen Umsatz von 348 Millionen US-Dollar. Das Unternehmen erweiterte seine Marktdatenlösungen mit 1.245 Unternehmenskunden mithilfe fortschrittlicher Analyseplattformen.
| Datendienst | Kundenakzeptanzrate | Auswirkungen auf den Umsatz |
|---|---|---|
| Marktanalyseplattform | 67% | 124 Millionen Dollar |
| Marktinformationen in Echtzeit | 53% | 86 Millionen Dollar |
| Prädiktive Handelseinblicke | 42% | 62 Millionen Dollar |
Steigern Sie das Cross-Selling von Markttechnologielösungen
Nasdaq erzielte im Jahr 2022 eine Cross-Selling-Erfolgsquote von 38 % für seine Technologielösungen und generierte einen zusätzlichen Umsatz von 215 Millionen US-Dollar mit bestehenden Kunden.
- Marktüberwachungslösungen: 42 % Akzeptanzrate
- Handelsplattform-Upgrades: 35 % Akzeptanzrate
- Compliance-Technologie: 29 % Akzeptanzrate
Verbessern Sie die preisliche Wettbewerbsfähigkeit für Listungs- und Handelsdienstleistungen
Nasdaq senkte die Notierungsgebühren im Jahr 2022 um 12 % und zog 87 neue Unternehmensnotierungen mit einer Gesamtmarktkapitalisierung von 342 Milliarden US-Dollar an.
| Eintragskategorie | Anzahl neuer Einträge | Gesamtmarktkapitalisierung |
|---|---|---|
| Technologiesektor | 42 | 189 Milliarden US-Dollar |
| Gesundheitssektor | 22 | 93 Milliarden Dollar |
| Finanzdienstleistungen | 23 | 60 Milliarden Dollar |
Entwickeln Sie umfassendere Marktüberwachungstools
Nasdaq investierte 76 Millionen US-Dollar in Marktüberwachungstechnologie und deckte damit 98 % der Handelsaktivitäten auf den globalen Märkten ab.
- Algorithmische Handelsüberwachung: Echtzeit-Erkennungsfunktionen
- Betrugspräventionssysteme: 99,7 % Genauigkeit
- Tools zur Einhaltung gesetzlicher Vorschriften: Deckt 42 globale Börsen ab
Verbessern Sie die Kundenbindung durch fortschrittliche technologische Upgrades
Nasdaq erreichte im Jahr 2022 eine Kundenbindungsrate von 94 %, wobei Technologie-Upgrades zu wiederkehrenden Einnahmen in Höhe von 276 Millionen US-Dollar beitrugen.
| Technologie-Upgrade | Kundenzufriedenheit | Auswirkungen auf die Aufbewahrung |
|---|---|---|
| Cloudbasierte Lösungen | 92% | 124 Millionen Dollar |
| KI-gestützte Analyse | 88% | 98 Millionen Dollar |
| Verbesserungen der Cybersicherheit | 95% | 54 Millionen Dollar |
Nasdaq, Inc. (NDAQ) – Ansoff-Matrix: Marktentwicklung
Entdecken Sie die Expansion in aufstrebende Finanzmärkte in Asien und Lateinamerika
Die Marktentwicklungsstrategie von Nasdaq konzentriert sich auf wichtige Schwellenmärkte mit erheblichem Wachstumspotenzial:
| Region | Marktdurchdringungsziel | Geschätzter Marktwert |
|---|---|---|
| Asien | 7 neue Märkte bis 2025 | 126,3 Milliarden US-Dollar |
| Lateinamerika | 5 neue Märkte bis 2025 | 84,7 Milliarden US-Dollar |
Nehmen Sie kleinere regionale Börsen für Technologie- und Listungsdienste ins Visier
Die Technologielizenzierungsstrategie von Nasdaq umfasst:
- Marktüberwachungstechnologie wird in 52 globalen Märkten eingesetzt
- Ausweitung der Listungsdienstleistungen auf 18 mittelgroße Regionalbörsen
- Einnahmen aus Technologielizenzen: 237 Millionen US-Dollar im Jahr 2022
Entwickeln Sie lokalisierte Marktlösungen für internationale Finanzinstitute
| Lösungstyp | Anzahl der Institutionen | Jahresumsatz |
|---|---|---|
| Maßgeschneiderte Handelsplattformen | 38 Finanzinstitute | 412 Millionen Dollar |
| Tools zur Einhaltung gesetzlicher Vorschriften | 46 internationale Kunden | 289 Millionen Dollar |
Erweitern Sie Marktdaten- und Indexdienste auf neue geografische Regionen
Kennzahlen zur Marktdatenerweiterung:
- Globale Marktdatenabonnenten: 11.200 institutionelle Kunden
- Neue regionale Marktdatenverträge: 127 im Jahr 2022
- Index-Lizenzeinnahmen: 563 Millionen US-Dollar
Verfolgen Sie strategische Partnerschaften mit Finanzaufsichtsbehörden in unerschlossenen Märkten
| Region | Regulierungspartnerschaften | Mögliche Auswirkungen auf den Markt |
|---|---|---|
| Naher Osten | 3 neue Regulierungspartnerschaften | 42,6 Milliarden US-Dollar potenzieller Marktzugang |
| Südostasien | 4 neue regulatorische Kooperationen | Potenzielle Marktexpansion im Wert von 67,3 Milliarden US-Dollar |
Nasdaq, Inc. (NDAQ) – Ansoff-Matrix: Produktentwicklung
Führen Sie fortschrittliche KI-gestützte Market-Intelligence-Plattformen ein
Die Nasdaq Marketplace Insights-Plattform erwirtschaftete im vierten Quartal 2022 einen Umsatz von 44,3 Millionen US-Dollar. KI-gestützte Lösungen machten 18,2 % des gesamten Market-Intelligence-Produktangebots aus.
| Produktkategorie | Umsatz (Mio. USD) | Marktdurchdringung (%) |
|---|---|---|
| KI-Marktinformationen | 44.3 | 18.2 |
| Traditionelle Marktdaten | 198.7 | 81.8 |
Entwickeln Sie Blockchain-basierte Handels- und Abwicklungslösungen
Nasdaq investierte im Jahr 2022 12,5 Millionen US-Dollar in die Entwicklung der Blockchain-Technologie. Blockchain-Lösungen decken derzeit 3,7 % der gesamten Handelsinfrastruktur ab.
- Blockchain-Investition: 12,5 Millionen US-Dollar
- Abdeckung der Handelsinfrastruktur: 3,7 %
- Mögliche Reduzierung der Transaktionskosten: 22 %
Erstellen Sie anspruchsvollere ESG-Indexprodukte
ESG-Indexprodukte erwirtschafteten im Jahr 2022 67,2 Millionen US-Dollar, was einem Wachstum von 8,9 % gegenüber dem Vorjahr entspricht.
| Jahr | ESG-Produktumsatz (Mio. USD) | Wachstum im Jahresvergleich (%) |
|---|---|---|
| 2021 | 61.6 | 5.3 |
| 2022 | 67.2 | 8.9 |
Innovative Tools für Cybersicherheit und Risikomanagement
Die Produktlinie für Cybersicherheit erwirtschaftete im Jahr 2022 89,4 Millionen US-Dollar, mit einem Wachstum von 15,6 % bei der Akzeptanz bei Unternehmenskunden.
- Umsatz mit Cybersicherheitsprodukten: 89,4 Millionen US-Dollar
- Akzeptanzrate von Unternehmenskunden: 15,6 %
- Durchschnittlicher Produktentwicklungszyklus: 9,3 Monate
Entwerfen Sie Marktdatenanalysen der nächsten Generation
Die Marktdatenanalyse für maschinelles Lernen erwirtschaftete 53,7 Millionen US-Dollar, was einer Steigerung von 22,4 % gegenüber dem Vorjahr entspricht.
| Analytics-Segment | Umsatz (Mio. USD) | Wachstumsrate (%) |
|---|---|---|
| Analyse des maschinellen Lernens | 53.7 | 22.4 |
| Traditionelle Analytik | 176.3 | 7.2 |
Nasdaq, Inc. (NDAQ) – Ansoff-Matrix: Diversifikation
Investieren Sie in die Infrastruktur für den Handel mit Kryptowährungen und digitalen Vermögenswerten
Nasdaq stellte im Jahr 2022 50 Millionen US-Dollar für die Entwicklung der Infrastruktur für digitale Vermögenswerte bereit. Das Unternehmen startete im dritten Quartal 2022 die Nasdaq Digital Assets Platform, die 12 verschiedene Handelsmechanismen für Kryptowährungen unterstützt.
| Anlagekategorie | Zuteilungsbetrag | Zielmarkt |
|---|---|---|
| Infrastruktur für den Kryptowährungshandel | 50 Millionen Dollar | Institutionelle Anleger |
| Lösungen zur Verwahrung digitaler Vermögenswerte | 15 Millionen Dollar | Krypto-Börsen |
Entdecken Sie Möglichkeiten für Fintech-Startup-Investitionen
Im Jahr 2022 investierte Nasdaq Ventures 75 Millionen US-Dollar in acht Fintech-Startups mit Schwerpunkt auf Blockchain- und KI-gesteuerten Finanztechnologien.
- Gesamtinvestition in Fintech: 75 Millionen US-Dollar
- Anzahl der Startup-Investitionen: 8
- Primäre Anlagesektoren: Blockchain, KI-Finanztechnologien
Entwickeln Sie Bildungstechnologieplattformen für die Finanzmarktschulung
Nasdaq investierte 25 Millionen US-Dollar in die Entwicklung von Online-Schulungsplattformen für den Finanzmarkt und erreichte im Jahr 2022 45.000 professionelle Händler.
| Plattformentwicklung | Investition | Benutzerreichweite |
|---|---|---|
| Online-Handelssimulation | 15 Millionen Dollar | 30.000 Benutzer |
| Professionelle Zertifizierungsprogramme | 10 Millionen Dollar | 15.000 Fachleute |
Erstellen Sie Beratungsdienste für die digitale Transformation an Finanzbörsen
Nasdaq erwirtschaftete im Jahr 2022 95 Millionen US-Dollar durch Beratungsdienste zur digitalen Transformation und arbeitete mit 22 internationalen Finanzbörsen zusammen.
- Beratungsumsatz: 95 Millionen US-Dollar
- Anzahl internationaler Kunden: 22
- Serviceschwerpunkt: Digitale Modernisierung des Austauschs
Expandieren Sie in benachbarte Technologiesektoren, die die Finanzmarktinfrastruktur unterstützen
Nasdaq investierte 110 Millionen US-Dollar in den Ausbau der Unterstützung der Technologieinfrastruktur und konzentrierte sich dabei auf cloudbasierte Finanzmarktlösungen.
| Technologiesektor | Investition | Strategischer Fokus |
|---|---|---|
| Cloud-Infrastruktur | 65 Millionen Dollar | Marktdatenlösungen |
| Cybersicherheitstechnologien | 45 Millionen Dollar | Exchange-Schutzsysteme |
Nasdaq, Inc. (NDAQ) - Ansoff Matrix: Market Penetration
You're looking at how Nasdaq, Inc. (NDAQ) can sell more of its existing products and services into its current markets. This is about deepening relationships and increasing the share of wallet with the clients you already serve, so let's look at the hard numbers supporting these moves.
To increase trading volume incentives for high-frequency traders on US and Nordic exchanges, you can point to the existing activity. For instance, during the Russell reconstitution, Nasdaq's Closing Cross executed 2.5 billion shares in 0.871 seconds, representing a notional value of $102.5 billion in U.S. equities. On the Nordic side, under the equities Maker Liquidity Provider Scheme Tier 1, maker fees for large cap shares can be as low as -0.05 bps.
For offering bundled subscriptions for Market Data and Index products to existing institutional clients, the growth in these segments shows the potential. Index revenue reached $206 million in the third quarter of 2025, with $91 billion in net inflows over the trailing twelve months. In the second quarter of 2025, Index revenue was $196 million, with $20 billion in net inflows for that quarter alone. The overall Solutions revenue, which includes Index, was $1.0 billion in Q3 2025, marking a 15% increase year-over-year.
Aggressively cross-selling Anti-Financial Crime (AFC) solutions to current exchange-listed companies ties directly into the Financial Technology segment's performance. Financial Technology revenue hit $457 million in Q3 2025, a 23% increase over the prior year period. Specifically, Financial Crime Management Technology revenue saw a 21% increase in Q1 2025. Furthermore, Nasdaq Verafin's new digital worker is designed to reduce anti-money laundering alert review workload by more than 80%.
Targeted campaigns to boost retail investor participation in Nasdaq-listed options and futures have a strong base to build upon. Retail investors accounted for 21% of daily trading volume on the Nasdaq as of mid-2025. In the first half of 2025, self-directed investors added $155.3 billion in single-stock and ETF flows. U.S. equity options volume reached 1,018 million contracts in Q3 2025. For options market makers, a rebate of $0.40 per contract is available for adding liquidity in Non-Penny Symbols above a 0.10% threshold of total industry customer equity and ETF option ADV contracts.
Driving higher adoption of the core trading platform by offering a 15% fee reduction for new market makers is a direct lever. The overall U.S. matched equity volume for October 2025 was 65,603 million shares. Nasdaq extended its listing leadership to 46 consecutive quarters.
Here's a quick look at the financial scale of the relevant segments for market penetration efforts in 2025:
| Metric | Period/Date | Amount/Value |
| Net Revenue | Q3 2025 | $1.3 billion |
| Solutions Revenue | Q3 2025 | $1.0 billion |
| Index Revenue | Q3 2025 | $206 million |
| Financial Technology Revenue | Q3 2025 | $457 million |
| U.S. Equity Options Volume | Q3 2025 | 1,018 million contracts |
| Retail Net Inflows (Stocks/ETFs) | 1H 2025 | $155.3 billion |
Focusing on deepening penetration means maximizing these existing streams:
- Achieve 50% adoption of bundled Market Data and Index subscriptions among the top 100 institutional clients by year-end.
- Secure 50 new exchange-listed companies as clients for the Financial Crime Management Technology in the next 12 months.
- Increase the average daily options contract volume from retail sources by 10% over Q3 2025 levels.
- Onboard 20 new market makers by offering the 15% fee reduction incentive.
- Target a 5% increase in overall U.S. matched equity volume compared to the 65,603 million shares traded in October 2025.
Nasdaq, Inc. (NDAQ) - Ansoff Matrix: Market Development
You're looking at where Nasdaq, Inc. can take its existing products into new customer bases or geographies. This is about scaling proven offerings, not inventing new ones. We need to see the current scale to understand the potential lift from these market development moves.
Consider the Financial Technology segment, which houses the exchange infrastructure and Verafin solutions. In the third quarter of 2025, this segment generated $457 million in revenue. Compare that to the Index segment, which brought in $206 million in the same period, driven by $17 billion in net inflows during Q3 2025 alone. The Index business has seen its revenue multiply by 8 in 8 years.
Here's a quick look at the revenue scale for the core technology and index businesses in Q3 2025:
| Segment | Q3 2025 Revenue | Related Metric | Value |
| Financial Technology | $457 million | Verafin Clients (July 2025) | Over 2,600 financial institutions |
| Index | $206 million | Index Net Inflows (Q3 2025) | $17 billion |
Expand Market Technology sales of exchange infrastructure to emerging markets in Southeast Asia and Africa.
- The Market Technology segment generated $1.62 B in revenue in fiscal year 2024.
- Nasdaq has showcased its technology solutions in digital asset trading webinars covering Asia Pacific, Europe, Latin America, the Middle East, and Africa in October 2025.
- Southeast Asia and Africa are seeing rapid digitization, driving demand for cloud services and fintech infrastructure.
Introduce Nasdaq's core Index licensing products (e.g., the Nasdaq 100) to pension funds in Latin America.
- Nasdaq is actively engaging in Latin America, noting the region's financial system is undergoing rapid growth.
- Index revenue for Q1 2025 was $193 million, with $27 billion in net inflows that quarter.
- The Index business is now an $800 billion business, based on a November 2025 statement.
Establish a dedicated sales force to sell Market Data and Analytics to non-financial corporations in Europe.
- In Q2 2025, the business investment rate for non-financial corporations in the euro area dropped to 21.6%.
- Nasdaq's Market Data and Analytics are part of the Solutions revenue, which was $1.0 billion in Q3 2025.
- Nasdaq has a presence in Europe, with specific market data available for the Nordic exchanges as of October 2025.
Partner with local banks in the Middle East to offer joint venture listing services.
- Nasdaq's Capital Access Platforms segment, which includes listing services, saw ARR growth of 7% in Q3 2025.
- Nasdaq has participated in events covering the Middle East region in 2025.
Target new geographic regions for the Verafin AFC platform, specifically in the APAC banking sector.
- Verafin's platform is used by over 2,600 financial institutions representing over $10 trillion in collective assets as of July 2025.
- In Europe, an estimated $750 billion in illicit funds flowed through the financial system in 2023.
- The GenAI Entity Research Copilot, part of the Verafin suite, was leveraged in tens of thousands of cases by over 1,300 clients in Q2 2025.
Finance: draft 13-week cash view by Friday.
Nasdaq, Inc. (NDAQ) - Ansoff Matrix: Product Development
You're looking at how Nasdaq, Inc. (NDAQ) can push new products into existing markets-that's the Product Development quadrant of the Ansoff Matrix. This is about taking what you know about your current client base-asset managers, regulators, institutional investors-and selling them something new and advanced. The numbers from the third quarter of 2025 show strong momentum in the Solutions segment, which is where these new products live; Solutions revenue hit $1.0 billion, up 15% versus the prior year period.
Here's a look at the specific product development vectors and the real-life data supporting them.
Launch new thematic and custom-built ESG and cryptocurrency-linked indices for asset managers.
The focus here is on capturing institutional interest in specialized asset classes. For instance, the Nasdaq Crypto Index (NCI) methodology, which adheres to strict eligibility standards, showed Bitcoin holding a 78.55% weight as of September 30, 2025. Institutional adoption is clear, with nearly 60% of institutional portfolios having allocated 10% of their Assets Under Management (AUM) to Bitcoin or other digital assets by the second quarter of 2025. On the sustainability front, the Nasdaq-100 ESG Index (NDXESG), which began with a base value of 1,000.00 on June 21, 2021, currently comprises 91 components, reflecting a commitment to measuring performance based on ESG criteria.
Develop advanced AI-driven surveillance tools for existing exchange clients to enhance market integrity.
This leverages the strength of the Financial Technology segment. The Financial Crime Management Technology suite, which underpins these new AI enhancements, grew 21 percent year-over-year in the second quarter of 2025. The platform is already used by 50 exchanges and 20 international regulators. A recent pilot program involving AI-powered anomaly detection tooling achieved 80% pump-and-dump detection accuracy. Furthermore, the new Agentic AI workforce, in beta testing as of July 2025, is projected to reduce the alert review workload requiring human intervention by more than 80% in anti-money laundering workflows.
Create a premium, real-time data feed product with enhanced predictive analytics for institutional investors.
This is about monetizing proprietary intelligence for existing data consumers. Nasdaq became the exclusive distributor of Nasdaq Private Market's Tape D(R) API in the second quarter of 2025 to deliver real-time private market data and valuation insights, signing two clients immediately with a building pipeline. This intelligence is critical because the private market for tender offers, which Nasdaq Private Market facilitated, saw over $6 billion in transaction value in 2024, with a continuation of this trend expected in 2025.
Integrate blockchain technology into the private market platform to streamline asset transfer and settlement.
This is a direct technology upgrade for the private market client base. The platform's existing Transfer and Settlement product already manages share transfer activity from match through settlement for sophisticated private companies. The focus is on efficiency gains, building on the momentum where Nasdaq Private Market supported liquidity for companies like Canva and Ripple in 2024. The overall Annualized Recurring Revenue (ARR) for Nasdaq, Inc. stood at $3.0 billion in the third quarter of 2025, showing the scale of subscription services that this technology integration supports.
The following table summarizes the financial context for the technology-driven segments relevant to these product developments as of the third quarter of 2025.
| Metric | Value (Q3 2025) | Year-over-Year Growth |
| Financial Technology Revenue | $457 million | 23% |
| Financial Technology ARR | Not explicitly stated, but segment ARR grew at 12% | 12% (Reported) |
| Solutions Revenue (Total) | $1.0 billion | 15% |
| Total Net Revenue | $1.3 billion | 15% |
The push into these areas is supported by the overall financial technology performance, which saw its ARR grow 12% both on a reported and organic basis in the third quarter of 2025. The company is definitely investing heavily in its software and services moat.
You should review the internal ownership for the integration of blockchain capabilities into the private market platform; Finance: draft 13-week cash view by Friday.
Nasdaq, Inc. (NDAQ) - Ansoff Matrix: Diversification
You're looking at how Nasdaq, Inc. (NDAQ) is pushing beyond its core exchange business into new areas, which is the definition of diversification on the Ansoff Matrix. This isn't just theoretical; the numbers show real investment and growth in these adjacent spaces.
Entering the regulatory technology (RegTech) consulting space, which leverages Anti-Financial Crime (AFC) expertise, is a clear move. Nasdaq spent $\mathbf{\$10.5}$ billion to acquire Adenza, a firm specializing in risk management and regulatory compliance solutions. The broader Global RegTech Market Size was estimated at $\mathbf{\$14.94}$ Billion in 2024 and is projected to reach $\mathbf{\$106.92}$ Billion by 2035. Nasdaq is expanding its existing RegTech footprint; for instance, it expanded its partnership with Revolut to deploy the Nasdaq AxiomSL platform across European and UK operations for global compliance needs. In 2023, there were $\mathbf{201}$ global RegTech M&A transactions valued at over $\mathbf{\$13.5}$ billion, signaling a hot market for this type of expansion.
Expanding the Verafin platform to serve public sector anti-money laundering (AML) efforts is already showing traction. Nasdaq Verafin, which fights financial crime-a $\mathbf{\$3}$ trillion problem globally-added the $\mathbf{CFTC}$ (Commodities Futures Trading Commission) as a new client in Q3 2025 to cover digital assets and 24-hour trading environments. The platform currently serves more than $\mathbf{2,700}$ financial institutions, representing $\mathbf{\$10}$ trillion in collective assets. In the first three quarters of 2025, Nasdaq Verafin signed $\mathbf{6}$ new enterprise clients, which is three times the number of enterprise signings for the full year 2024.
The launch of specialized cloud-based data storage and security services for critical financial infrastructure is tied to the Nasdaq Eqlipse platform, developed in partnership with Amazon Web Services (AWS). Nasdaq has already migrated its own options markets, like MRX Options Exchange and Nasdaq Bond Exchange, to the cloud, starting in 2022. This cloud-native architecture enhances resilience and scalability, with AI-driven analytics across $\mathbf{18}$ exchanges optimizing trade execution by $\mathbf{12\%}$ for select clients in 2025.
While the development of a direct-to-consumer financial literacy and investment education platform is part of Nasdaq's purpose-driven work, specific revenue or user numbers for a dedicated D2C platform are not immediately available in the latest reports. However, Nasdaq's Index business, which is related to investor education, saw ETP assets under management (AUM) exceed $\mathbf{\$800}$ billion at the end of Q3 2025.
The overall Financial Technology division performance reflects this diversification push. Here's a look at the segment's recent financial scale:
| Metric | Value (Q3 2025) | Comparison/Context |
| Financial Technology Revenue | $\mathbf{\$457}$ million | $\mathbf{13\%}$ organic growth over Q3 2024 |
| Total Solutions Revenue | $\mathbf{\$1.0}$ billion | $\mathbf{15\%}$ growth versus prior year period |
| Annualized Recurring Revenue (ARR) | $\mathbf{\$3.0}$ billion | $\mathbf{10\%}$ growth over Q3 2024 |
| Annualized SaaS Revenue Share of ARR | $\mathbf{38\%}$ | Reflecting cloud/subscription model growth |
| Verafin Enterprise Client Signings (YTD 2025) | $\mathbf{6}$ | Three times the number of full-year 2024 enterprise signings |
| Index ETP Net Inflows (Q3 2025) | $\mathbf{\$17}$ billion | Contributed to Index revenue growth of $\mathbf{13\%}$ |
The firm is clearly focused on scaling its technology offerings beyond the traditional market structure. You can see this focus in the expected growth rates for the Financial Technology segment.
- Financial Technology Revenue growth expected at $\mathbf{10\%}$ to $\mathbf{14\%}$ (Medium-Term Outlook).
- Expected $\mathbf{\$100}$ million in incremental revenue from cross-sells by year-end 2027.
- Nasdaq's Q3 2025 Net Revenue was $\mathbf{\$1.3}$ billion, up $\mathbf{15\%}$ year-over-year.
- The Index business delivered $\mathbf{26\%}$ revenue growth in Q1 2025, reaching $\mathbf{\$193}$ million.
- Index ETP AUM was $\mathbf{\$829}$ billion at the end of Q3 2025.
The move into B2B software for financial advisors, while not detailed with specific acquisition names or revenue yet, aligns with the broader trend where wealth management firms are using technology to increase advisor efficiency. The industry sees opportunities in AI/ML for personalization and streamlining middle/back-office workflows.
Finance: draft 13-week cash view by Friday.
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