Divestitures	6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures In January 2025, we entered into an agreement to transfer existing open positions in our Nordic power futures business to a European exchange. In June 2025, this transaction was completed and partial consideration was received. Migration of open positions was completed during the first quarter of 2026, resulting in an incremental gain of $88 million, net of costs to sell. This additional consideration was received in April 2026. We no longer provide commodities clearing and trading services as of June 2026, and will continue to wind down business operations through the remainder of 2026. In connection with the successful migration of open positions, Nasdaq may receive additional consideration in 2027, and is expected to release regulatory capital in the medium term. In April 2025, Nasdaq completed the sale of our Nasdaq Risk Modelling for Catastrophes business previously included in Capital Markets Technology within our Financial Technology segment. In October 2025, Nasdaq completed the sale of our Solovis business which was previously included in Workflow & Insights within our Capital Access Platforms segment. The impact of the transactions described above is net of cost to sell and is included in net gain on divestitures in the Condensed Consolidated Statements of Income.

In January 2025, we entered into an agreement to transfer

existing open positions in our Nordic power futures business

to a European exchange. In June 2025, this transaction was

completed and partial consideration was received. Migration

of open positions was completed during the first quarter of

2026, resulting in an incremental gain of $88 million, net of

costs to sell. This additional consideration was received in

April 2026. We no longer provide commodities clearing and

trading services as of June 2026, and will continue to wind

down business operations through the remainder of 2026. In

connection with the successful migration of open positions,

Nasdaq may receive additional consideration in 2027, and is

expected to release regulatory capital in the medium term.

In April 2025, Nasdaq completed the sale of our Nasdaq Risk

Modelling for Catastrophes business previously included in

Capital Markets Technology within our Financial

In October 2025, Nasdaq completed the sale of our Solovis

business which was previously included in Workflow &

Insights within our Capital Access Platforms segment.

The impact of the transactions described above is net of cost

to sell and is included in net gain on divestitures in the