v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Balance Sheet Information The
following table provides supplemental balance sheet
information related to Nasdaq’s operating leases:
Balance Sheet
Classification
June 30, 2026
December 31, 2025
Assets:
(in millions)
Operating
lease
assets
Operating
lease assets
$481
$447
Liabilities:
Current
lease
liabilities
Other current
liabilities
$74
$60
Non-
current
lease
liabilities
Operating
lease
liabilities
482
462
Total lease
liabilities
$556
$522
Schedule of Lease Cost, Lease Term and Discount Rate The following table summarizes Nasdaq’s lease cost:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
(in millions)
Operating lease cost
$24
$21
$45
$39
Variable lease cost
12
10
24
20
Sublease income
(1)
(1)
(1)
(1)
Total lease cost
$35
$30
$68
$58
The following table provides information related to Nasdaq’s
lease term and discount rate:
June 30, 2026
Weighted-average remaining lease term
(in years)
7.7
Weighted-average discount rate
4.3%
The following table provides supplemental cash flow
information related to Nasdaq’s operating leases:
Six Months Ended June 30,
2026
2025
(in millions)
Cash paid for amounts included in
the measurement of operating
lease liabilities
$45
$39
Lease assets obtained in exchange
for operating lease liabilities
$71
$91
Schedule of Operating Lease Liabilities The following table reconciles the undiscounted cash flows
for the following years and total of the remaining years to the
operating lease liabilities recorded in the Condensed
Consolidated Balance Sheets.
June 30, 2026
(in millions)
Remainder of 2026
$48
2027
93
2028
92
2029
86
2030
80
2031+
254
Total lease payments
$653
Less: interest
(97)
Present value of lease liabilities
$556