Nasdaq Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Adena Friedman
Chief executive officer
US$21.5m
Total compensation
| CEO salary percentage | 5.81% |
| CEO tenure | 9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 5yrs |
| Board average tenure | 7.7yrs |
Recent management updates
Recent updates
Nasdaq: A Strong Quarter With Excellent Capital Allocation
Oct 22Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's
Jun 13
Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's
May 30Nasdaq's (NASDAQ:NDAQ) Upcoming Dividend Will Be Larger Than Last Year's
Apr 27Nasdaq: Re-Rating After Coming Through
Apr 25Nasdaq: Debt Reduction Underway And Company Well Positioned
Feb 02Beyond The Index: Why Nasdaq Is A Fintech Powerhouse
Dec 26Nasdaq: 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: Texas Stock Exchange Announcement Likely Not Cause For Major Concern
Jun 12Nasdaq: Operating Leverage Embedded Given Revenue Mix; Multiple Expansion Is Warranted
Apr 26Nasdaq: 8%-11% Of Solutions Growth Target Is Impressive
Mar 12Nasdaq: Green Shoots As We Start 2024
Jan 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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$774m |
Compensation vs Market: Adena's total compensation ($USD21.52M) is above average for companies of similar size in the US market ($USD13.47M).
Compensation vs Earnings: Adena's compensation has been consistent with company performance over the past year.
CEO
Adena Friedman (55 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 | 9yrs | US$21.52m | 0.34% $ 189.0m | |
| President & Division President of Capital Access Platforms | 2.8yrs | US$7.78m | 0.034% $ 19.0m | |
| President | 2.8yrs | US$7.25m | 0.019% $ 10.6m | |
| Executive VP & CFO | 2.1yrs | US$2.63m | 0.0024% $ 1.3m | |
| Executive VP | 12.9yrs | US$5.54m | 0.019% $ 10.8m | |
| Senior VP | 4.7yrs | no data | 0.0016% $ 865.2k | |
| Senior VP & Investor Relations Officer | 2.8yrs | no data | no data | |
| Executive VP and Global Chief Legal | 6.3yrs | no data | 0.023% $ 12.6m | |
| Senior VP & Chief Marketing Officer | 5yrs | no data | no data | |
| Executive VP & Chief People Officer | 13.4yrs | no data | 0.010% $ 5.6m | |
| Executive Vice Chairman | 6.3yrs | US$3.45m | no data | |
| Senior Managing Director of EMEA | no data | no data | no data |
Experienced Management: NDAQ's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 9yrs | US$21.52m | 0.34% $ 189.0m | |
| Lead Independent Director | 17.8yrs | US$443.20k | 0.039% $ 21.6m | |
| Independent Director | 2.8yrs | US$379.09k | 0.0029% $ 1.6m | |
| Independent Director | 6.8yrs | US$369.26k | 0.0086% $ 4.8m | |
| Independent Director | 11.7yrs | US$381.04k | 0.0075% $ 4.2m | |
| Independent Director | 17.8yrs | US$344.62k | 0.024% $ 13.5m | |
| Independent Director | 10.8yrs | US$544.09k | 0.017% $ 9.3m | |
| Independent Director | 4.3yrs | US$371.04k | 0.0031% $ 1.7m | |
| Independent Director | 3.5yrs | US$361.04k | 0.0045% $ 2.5m | |
| Independent Director | 1.6yrs | US$303.54k | 0.00077% $ 427.0k | |
| Independent Director | 8.7yrs | US$363.30k | 0.0082% $ 4.6m | |
| Independent Director | 3yrs | US$346.04k | 0.00053% $ 293.9k |
Experienced Board: NDAQ's board of directors are considered experienced (7.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/02 23:46 |
| End of Day Share Price | 2026/01/02 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 36 analysts. 11 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 |