Nasdaq Management
Management criteria checks 3/4
Nasdaq's CEO is Adena Friedman, appointed in Jan 2017, has a tenure of 9.42 years. total yearly compensation is $25.01M, comprised of 5.4% salary and 94.6% bonuses, including company stock and options. directly owns 0.36% of the company’s shares, worth €152.85M. The average tenure of the management team and the board of directors is 5.4 years and 8.1 years respectively.
Key information
Adena Friedman
Chief executive officer
US$25.0m
Total compensation
| CEO salary percentage | 5.44% |
| CEO tenure | 9.4yrs |
| CEO ownership | 0.4% |
| Management average tenure | 5.4yrs |
| Board average tenure | 8.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$2b |
| Dec 31 2025 | US$25m | US$1m | US$2b |
| Sep 30 2025 | n/a | n/a | US$2b |
| Jun 30 2025 | n/a | n/a | US$2b |
| Mar 31 2025 | n/a | n/a | US$1b |
| Dec 31 2024 | US$22m | US$1m | US$1b |
| Sep 30 2024 | n/a | n/a | US$959m |
| Jun 30 2024 | n/a | n/a | US$947m |
| Mar 31 2024 | n/a | n/a | US$991m |
| Dec 31 2023 | US$18m | US$1m | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$28m | US$1m | US$1b |
| Sep 30 2022 | n/a | n/a | US$1b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$20m | US$1m | US$1b |
| Sep 30 2021 | n/a | n/a | US$1b |
| Jun 30 2021 | n/a | n/a | US$1b |
| Mar 31 2021 | n/a | n/a | US$1b |
| Dec 31 2020 | US$16m | US$1m | US$933m |
| Sep 30 2020 | n/a | n/a | US$911m |
| Jun 30 2020 | n/a | n/a | US$797m |
| Mar 31 2020 | n/a | n/a | US$730m |
| Dec 31 2019 | US$14m | US$1m | US$774m |
Compensation vs Market: Adena's total compensation ($USD25.01M) is above average for companies of similar size in the Italian market ($USD3.91M).
Compensation vs Earnings: Adena's compensation has been consistent with company performance over the past year.
CEO
Adena Friedman (56 yo)
Ms. Adena T. Friedman has been Chief Executive Officer and Director of Nasdaq, Inc. since January 1, 2017 and serves as its Chairman since January 01, 2023 and served as President since June 16, 2014 until...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 9.4yrs | US$25.01m | 0.36% € 152.8m | |
| President & Division President of Capital Access Platforms | 3.2yrs | US$8.36m | 0.041% € 17.5m | |
| President | 3.2yrs | US$17.37m | 0.023% € 9.7m | |
| Executive VP & CFO | 2.5yrs | US$9.95m | 0.0024% € 1.0m | |
| Executive VP | 13.3yrs | US$6.12m | 0.019% € 7.9m | |
| Senior VP | 5.1yrs | no data | 0.0018% € 754.4k | |
| Senior VP & Investor Relations Officer | 3.3yrs | no data | no data | |
| Executive VP and Global Chief Legal | 6.7yrs | no data | 0.027% € 11.5m | |
| Senior VP & Chief Marketing Officer | 5.4yrs | no data | no data | |
| Executive VP & Chief People Officer | 13.8yrs | no data | 0.013% € 5.6m | |
| Executive Vice Chairman | 6.7yrs | US$3.45m | no data | |
| Senior Managing Director of EMEA | no data | no data | no data |
Experienced Management: 1NDAQ's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 9.4yrs | US$25.01m | 0.36% € 152.8m | |
| Lead Independent Director | 18.3yrs | US$450.16k | 0.039% € 16.7m | |
| Independent Director | 3.2yrs | US$395.70k | 0.0024% € 1.0m | |
| Independent Director | 7.2yrs | US$385.74k | 0.0087% € 3.7m | |
| Independent Director | 12.1yrs | US$389.74k | 0.0076% € 3.2m | |
| Independent Director | 18.3yrs | US$356.11k | 0.025% € 10.4m | |
| Independent Director | 11.3yrs | US$555.72k | 0.017% € 7.2m | |
| Independent Director | 4.8yrs | US$379.74k | 0.0031% € 1.3m | |
| Independent Director | 3.9yrs | US$367.24k | 0.0067% € 2.8m | |
| Independent Director | 2yrs | US$364.52k | 0.00078% € 330.6k | |
| Independent Director | 9.1yrs | US$413.46k | 0.0083% € 3.5m | |
| Independent Director | 3.4yrs | US$352.24k | 0.0013% € 555.2k |
Experienced Board: 1NDAQ's board of directors are considered experienced (8.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/12 18:48 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nasdaq, Inc. is covered by 30 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Heal | Argus Research Company |
| Benjamin Budish | Barclays |
| Roger Freeman | Barclays |