Nasdaq
3.1 %
38.17 %
Yet to be announced
Company Overview
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies. The Investment Intelligence segment sells and distributes historical and real-time market data. The Corporate Platforms segment operates listing platforms; and offers investor relations intelligence and governance solutions.
Revenue Sources
PassNasdaq's primary revenue comes from providing market infrastructure, technology solutions, and data services. While their business involves financial markets, they primarily earn fees from facilitating legitimate trading and providing market-related services. They operate regulated exchanges and provide technology that enables actual asset exchange, which falls under permitted business activities.
Their revenue model is based on transaction fees, subscription services, and technology licensing - all of which involve real value exchange and do not constitute gambling or interest-based income.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $2.09b | $1.64b | - | $96.0m | 0.00% | 5.86% |
| Dec. 31, 2024 | $2.03b | $1.62b | - | $102.0m | 0.00% | 6.31% |
| Sept. 30, 2024 | $1.9b | $1.56b | - | $102.0m | 0.00% | 6.56% |
| June 30, 2024 | $1.79b | $1.47b | - | $102.0m | 0.00% | 6.93% |
Based on the financial data from the last four quarters, Nasdaq's interest expense ratios were: 6.6%, 6.9%, 7.9%, and 7.9% of total expenses respectively. Since these ratios consistently exceed 5%, the company fails this criterion.
Operational Ethics
PassAfter reviewing SEC filings and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. While Nasdaq operates globally, their interactions appear to be primarily through providing market infrastructure and technology services within regulatory frameworks.
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