On the Record · Nasdaq

Nasdaq acquisitions, on the record

The businesses Nasdaq bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Adenza Word for word“In November 2023, Nasdaq completed its acquisition of Adenza.” 10-K for 2023	acquisition	November 2023	—
Metrio Word for word“In June 2022, we acquired Metrio, a provider of ESG data collection, analytics and reporting services.” 10-K for 2023	acquisition	June 2022	—
U.S. Fixed Income business Word for word“For 2021, this represents our pre-tax net gain of $84 million on the sale of our U.S. Fixed Income business.” 10-K for 2023	divestiture	2021	$84 million
Nordic broker services business Word for word“For the year ended December 31, 2022 and 2021, other revenues also include revenues related to our Nordic broker services business for which we completed the wind-down in June 2022.” 10-K for 2023	divestiture	June 2022	—
Adenza (including its flagship solutions AxiomSL and Calypso) Word for word“In November 2023, we accelerated our transformation as a leading technology provider to the global financial system through the acquisition of Adenza and its two flagship solutions, AxiomSL and Calypso.” 10-K for 2024	acquisition	November 2023	—
Nordic power trading and clearing business Word for word“For the year ended December 31, 2024, these costs were partially offset by the recognition of a termination fee received by Nasdaq in 2024 related to the termination of the proposed divestiture of our Nordic power trading and clearing business.” 10-K for 2024	agreed divestiture	—	—
Solovis business Word for word“In October 2025, we sold our Solovis business, a financial technology platform offering portfolio monitoring and analytics tools.” 10-K for 2025	divestiture	October 2025	—
Nordic power futures business Word for word“For the year ended December 31, 2025 , these costs included a repayment of this fee due to the sale of the Nordic power futures business to another buyer, as designated in the settlement agreement.” 10-K for 2025	divestiture	—	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2016-12-31	$1.47 billion	$837 million
2017-12-31	$776 million	$466 million
2018-12-31	$75 million	$56 million
2019-12-31	$206 million	$147 million
2020-12-31	$157 million	$135 million
2021-12-31	$2.43 billion	$1.89 billion
2022-12-31	$41 million	$40 million
2023-12-31	$5.77 billion	$5.93 billion
2024-12-31	$0	—
2025-12-31	$0	—

Deal filings since 2016

2026-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-03-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-06-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-03-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-07-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-12-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-12-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-11-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-04-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-02-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-04-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-01-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-09-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-04-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-06-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Nasdaq’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.