Nasdaq Management
Management criteria checks 3/4
Nasdaq's CEO is Adena Friedman, appointed in Jan 2017, has a tenure of 7.92 years. total yearly compensation is $18.50M, comprised of 6.8% salary and 93.2% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth $143.10M. The average tenure of the management team and the board of directors is 3.8 years and 6.6 years respectively.
Key information
Adena Friedman
Chief executive officer
US$18.5m
Total compensation
| CEO salary percentage | 6.8% |
| CEO tenure | 7.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.8yrs |
| Board average tenure | 6.6yrs |
Recent management updates
Recent updates
Getting In Cheap On Nasdaq, Inc. (NASDAQ:NDAQ) Might Be Difficult
Dec 06
Nasdaq: Once Again Reports A Solid Quarter Of Organic Solutions Revenue Growth
Oct 25Nasdaq: Tailwinds In IPO Activity And Software Company Acquisitions
Oct 07Nasdaq Q3 Preview: Improving IPO Activity Could Start In H1 FY25
Sep 26Nasdaq: Strong Q2 2024 Results, Solid Stock Reaction; Valuation Closer To Fair Value (Rating Downgrade)
Aug 04Nasdaq, Inc. (NASDAQ:NDAQ) Not Flying Under The Radar
Jul 29Nasdaq: Texas Stock Exchange Announcement Likely Not Cause For Major Concern
Jun 12Here's Why We Think Nasdaq, Inc.'s (NASDAQ:NDAQ) CEO Compensation Looks Fair for the time being
Jun 05Nasdaq's (NASDAQ:NDAQ) Shareholders Will Receive A Bigger Dividend Than Last Year
May 30Nasdaq (NASDAQ:NDAQ) Is Increasing Its Dividend To $0.24
May 03Nasdaq: Operating Leverage Embedded Given Revenue Mix; Multiple Expansion Is Warranted
Apr 26Nasdaq, Inc.'s (NASDAQ:NDAQ) Business Is Trailing The Market But Its Shares Aren't
Apr 05Nasdaq: 8%-11% Of Solutions Growth Target Is Impressive
Mar 12Nasdaq: Green Shoots As We Start 2024
Jan 29Unpleasant Surprises Could Be In Store For Nasdaq, Inc.'s (NASDAQ:NDAQ) Shares
Dec 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Sep 30 2019 | n/a | n/a | US$527m |
| Jun 30 2019 | n/a | n/a | US$540m |
| Mar 31 2019 | n/a | n/a | US$528m |
| Dec 31 2018 | US$14m | US$1m | US$458m |
| Sep 30 2018 | n/a | n/a | US$748m |
| Jun 30 2018 | n/a | n/a | US$754m |
| Mar 31 2018 | n/a | n/a | US$738m |
| Dec 31 2017 | US$14m | US$994k | US$729m |
Compensation vs Market: Adena's total compensation ($USD18.50M) is above average for companies of similar size in the US market ($USD12.88M).
Compensation vs Earnings: Adena's compensation has been consistent with company performance over the past year.
CEO
Adena Friedman (54 yo)
7.9yrs
Tenure
US$18,498,752
Compensation
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 unti...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 7.9yrs | US$18.50m | 0.32% $ 143.1m | |
| President & Division President of Capital Access Platforms | 1.7yrs | US$4.40m | 0.034% $ 15.2m | |
| President | 1.7yrs | US$4.47m | 0.024% $ 10.6m | |
| Executive VP & CFO | less than a year | US$11.55m | 0.013% $ 5.8m | |
| Senior Strategic Advisor | less than a year | US$5.22m | 0.0057% $ 2.5m | |
| Senior VP | 3.6yrs | no data | 0.0022% $ 964.6k | |
| Executive VP | 11.8yrs | US$7.39m | 0.023% $ 10.2m | |
| Senior VP & Investor Relations Officer | 1.8yrs | no data | no data | |
| Executive VP and Global Chief Legal | 5.2yrs | no data | 0.020% $ 8.8m | |
| Senior VP & Chief Marketing Officer | 3.9yrs | no data | no data | |
| Executive VP & Chief People Officer | 12.3yrs | no data | 0.010% $ 4.6m | |
| Executive Vice Chairman | 5.2yrs | US$3.45m | no data |
3.8yrs
Average Tenure
52yo
Average Age
Experienced Management: NDAQ's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 7.9yrs | US$18.50m | 0.32% $ 143.1m | |
| Lead Independent Director | 16.8yrs | US$423.54k | 0.036% $ 16.1m | |
| Independent Director | 1.7yrs | US$359.53k | 0.0028% $ 1.3m | |
| Independent Director | 5.7yrs | US$378.51k | 0.0075% $ 3.3m | |
| Independent Director | 10.6yrs | US$376.13k | 0.0063% $ 2.8m | |
| Independent Director | 16.8yrs | US$344.74k | 0.023% $ 10.4m | |
| Independent Director | 9.8yrs | US$544.26k | 0.014% $ 6.4m | |
| Independent Director | 3.3yrs | US$366.13k | 0.0014% $ 616.3k | |
| Independent Director | 2.4yrs | US$348.63k | 0.0046% $ 2.0m | |
| Director | less than a year | no data | 0.00077% $ 343.9k | |
| Independent Director | 7.6yrs | US$343.63k | 0.0065% $ 2.9m | |
| Independent Director | 1.9yrs | US$175.91k | no data |
6.6yrs
Average Tenure
58.5yo
Average Age
Experienced Board: NDAQ's board of directors are considered experienced (6.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:45 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Nasdaq, Inc. is covered by 43 analysts. 16 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 |
| Roger Freeman | Barclays |
| Benjamin Budish | Barclays |