Here are the DEF 14A proxy statements from Nasdaq, Inc. (NDAQ) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow NDAQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NDAQ filings page.
Nasdaq, Inc. is asking shareholders to elect 12 directors, approve 2025 executive pay on an advisory basis, and ratify Ernst & Young LLP as independent auditor for 2026 at its virtual annual meeting on June 10, 2026.
The company highlights 2025 as a year of strong organic growth, with net revenue of $5.2 billion, surpassing $5 billion for the first time, and Solutions revenue exceeding $4 billion. Exchange-traded product AUM reached $882 billion at December 31, 2025, with $99 billion in net inflows over the prior 12 months, and listings delivered a record $1.2 trillion in market value from listing transfers.
Nasaq increased its quarterly dividend by 13% to $0.27 per share, repaid $826 million of debt, and returned more than $1.2 billion to shareholders through dividends and buybacks. The proxy emphasizes AI-enabled product innovation, integration of the Adenza acquisition, new initiatives such as SEC‑approved tokenized equity trading and proposed 23/5 trading, and a 92% independent, highly refreshed Board with a Lead Independent Director and strong governance practices, including proxy access and majority voting.