NDAQ FY2025 SEC EDGAR DEF 14A #3 of 31 in industry

Nasdaq, Inc. CEO pay ratio

The CEO earned $25.0M in FY2025 against median worker pay of $101,885 · Security & Commodity Brokers.

Security & Commodity Brokers peers All rankings
State
DE
Filing date
2026-04-24
Industry
Security & Commodity Brokers
Industry rank
#3/31

Data updated August 2026

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CEO-to-worker pay ratio
246:1
High (Scale: 0–1000:1)
CEO pay
$25.0M
Median worker
$101,885

Answer first

Nasdaq, Inc.'s FY2025 CEO total of $25.0M ranks #105 of 1,423 complete filings; its 246:1 pay ratio ranks #253. Dollar rank is not ratio rank.

According to the same FY2025 complete-filing cohort used on the rankings boards (CEO total, median worker, and ratio all present). Median worker pay is $101,885. Industry placement uses the FY2025 SIC-62 peer cohort (# 3 of 31, 94th percentile - top 10% of industry peers by pay ratio). Figures come from Section 953(b) Dodd-Frank DEF 14A disclosures - not estimates. View all Security & Commodity Brokers companies.

Dollar rank
#105
$25.0M of 1,423 FY2025
Ratio rank
#253
246:1 of 1,423
Industry pct
94th
top 10% of industry peers by pay ratio

How Nasdaq, Inc. ranks nationally

Nasdaq, Inc. CEO pay vs. every FY2025 complete filing

Total CEO compensation, the full national distribution, this company marked

$25,014,550 Top 7% higher than 93% of 1,423 companies

$0–$2,500,000: 304 companies (21%). Below this entry. $2,500,000–$5,000,000: 182 companies (13%). Below this entry. $5,000,000–$7,500,000: 208 companies (15%). Below this entry. $7,500,000–$10,000,000: 192 companies (13%). Below this entry. $10,000,000–$12,500,000: 139 companies (10%). Below this entry. $12,500,000–$15,000,000: 91 companies (6%). Below this entry. $15,000,000–$17,500,000: 88 companies (6%). Below this entry. $17,500,000–$20,000,000: 54 companies (4%). Below this entry. $20,000,000–$22,500,000: 24 companies (2%). Below this entry. $22,500,000–$25,000,000: 34 companies (2%). Below this entry. $25,000,000–$27,500,000: 24 companies (2%). This entry sits in this band. $27,500,000–$30,000,000: 16 companies (1%). Above this entry. $30,000,000–$32,500,000: 10 companies (1%). Above this entry. $32,500,000–$35,000,000: 7 companies (0%). Above this entry. $35,000,000–$37,500,000: 9 companies (1%). Above this entry. $37,500,000–$40,000,000: 6 companies (0%). Above this entry. $40,000,000–$42,500,000: 1 companies (0%). Above this entry. $42,500,000–$45,000,000: 1 companies (0%). Above this entry. $45,000,000–$47,500,000: 6 companies (0%). Above this entry. $47,500,000–$50,000,000: 27 companies (2%). Above this entry. This company $0 $50M+ every complete-filing company, bucketed by value

Each bar is a $2500K-wide band; taller bars hold more companies. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source SEC DEF 14A Section 953(b) disclosures, PlainCEOPay extract · FY2025

Nasdaq, Inc. vs. Security & Commodity Brokers peers

CEO total pay ($25.0M) against pay ratio (246:1) for Nasdaq, Inc. (marked) and its 5 closest same-industry peers, against the Security & Commodity Brokers industry median on both axes.

Pay + gap both highContained pay, wide gapHigh pay, contained gapBelow peer norms on both017921839.635843679.153765518.771687358.340.5:1120.5:1200.5:1280.5:1360.6:1CEO total payPay ratio (CEO : median worker)Nasdaq, Inc., CEO total pay: 25014550 · Pay ratio (CEO : median worker): 246:1Nasdaq, Inc.BlackRock, Inc., CEO total pay: 153770 · Pay ratio (CEO : median worker): 245:1BlackRock, Inc.Ameriprise Financial Inc, CEO total pay: 142997 · Pay ratio (CEO : median worker): 232:1Ameriprise Financial IncLPL Financial Holdings Inc., CEO total pay: 14574496 · Pay ratio (CEO : median worker): 156:1LPL Financial Holdings Inc.Raymond James Financial Inc, CEO total pay: 123007 · Pay ratio (CEO : median worker): 153:1Raymond James Financial IncAres Management Corp, CEO total pay: 68279532 · Pay ratio (CEO : median worker): 346:1Ares Management Corp
Nasdaq, Inc. vs. Security & Commodity Brokers peers, plotted against the industry's $8.1M median CEO total and 55:1 median pay ratio.

Ratio bands among Security & Commodity Brokers peers

Exclusive CEO-to-median-worker bands across 30 complete latest-FY filings in SIC 62. Segments sum to the peer set, not this company's compensation pillar.

CEO Compensation Breakdown, FY2025

A component-level pay breakdown is not reported in Nasdaq, Inc.'s structured SEC pay-ratio disclosure. See our methodology →

Filing-year trail · Nasdaq, Inc.

Complete DEF 14A pay-ratio filings for this CIK across FY2021–2025. Year-over-year deltas compare adjacent filing years only; incomplete dollar rows are omitted (same completeness gate as the hero figures).

Latest ratio
246:1
FY2025
vs prior FY
+12:1
from FY2024 234:1
CEO $ YoY
+16%
$25.0M latest
Filings shown
5
FY2021–2025
Nasdaq, Inc. CEO total compensation, median worker pay, and pay ratio by fiscal year from SEC EDGAR DEF 14A.
FY CEO pay Δ pay Median worker Pay ratio Δ ratio
2021 $20.0M - $98,946 202:1 -
2022 $28.0M +40% $103,042 175:1 -27:1
2023 $18.5M -34% $117,468 157:1 -18:1
2024 $21.5M +16% $92,031 234:1 +77:1
2025 $25.0M +16% $101,885 246:1 +12:1

Source: SEC EDGAR DEF 14A pay-ratio disclosures for CIK 1120193, FY2021–2025. Adjacent-year deltas only.

Industry Comparison - Security & Commodity Brokers

This Company's Ratio
246:1
Industry Median Ratio
55:1
Industry Median CEO Pay
$8.1M
This CEO's Pay
$25.0M
Companies in Industry
31
vs. Industry Median
Above
#3 of 31 by pay ratio in this industry View all companies in Security & Commodity Brokers →

Nasdaq, Inc.: STEEP · PEAK pay ratio

Nasdaq, Inc.'s FY2025 ratio 246:1 ranks #3 of 31 Security & Commodity Brokers filers (94th percentile). the CEO earned 246× the median employee ($101,885) in FY2025.

Median employee $101,885 (HIGH-MED); STEEP · PEAK stamps put about 246 median-wage years per CEO year.

CEO Total Pay

$25.0M

FY2025 Summary Compensation, well above median

Pay Ratio

246:1

Elevated vs. peers

Nasdaq, Inc. in the higher Security & Commodity Brokers third

Nasdaq, Inc.'s FY2025 ratio 246:1 ranks #3 of 31 Security & Commodity Brokers filers (94th percentile). The structured pay-ratio disclosure reports the total without line-item components. Security & Commodity Brokers (SIC 62) median ratio is 55:1 across 31 FY2025 filers; Nasdaq, Inc.'s $25.0M CEO total is above the $8.1M industry median CEO pay.

Dollar rank #105 and ratio rank #253 split - treat 246:1 as a disclosure, not a fairness score. Open Security & Commodity Brokers peers.

Key Data, FY2025

Total Compensation
$25.0M
Median Employee Pay
$101,885
Pay Ratio
246:1
Filing Date
2026-04-24

Company Info

Ticker
NDAQ
CIK
1120193
Industry
Security & Commodity Brokers
SIC Code
6200
State
DE
View SEC filings →
SEC EDGAR DEF 14A for CIK 1120193, FY2025. Informational only, not investment advice. Verify on EDGAR.

Read our methodology - how this data is sourced, computed, and verified. Nasdaq, Inc.'s FY2025 ratio 246:1 ranks #3 of 31 Security & Commodity Brokers filers (94th percentile).

Read with Nasdaq, Inc.

ABS(ceo_total_comp) peers first, then a SIC pole and a stamp-branched guide - not a fixed Related strip. This page stamps STEEP · PEAK · HIGH-MED.

Aflac Inc · PEAK

ABS(ceo_total_comp) peer at $25.0M (Δ $6K lighter vs Nasdaq, Inc.); HIGH · PAR-MED vs this page's STEEP · PEAK · HIGH-MED.
SS&C Technologies Holdings Inc · PEAK

ABS(ceo_total_comp) peer at $25.0M (Δ $7K lighter vs Nasdaq, Inc.); HIGH · HIGH-MED vs this page's STEEP · PEAK · HIGH-MED.
Marvell Technology, Inc. · PEAK

ABS(ceo_total_comp) peer at $25.1M (Δ $50K heavier vs Nasdaq, Inc.); STEEP · ELITE-MED vs this page's STEEP · PEAK · HIGH-MED.
Meta Platforms, Inc. · PEAK

ABS(ceo_total_comp) peer at $25.1M (Δ $111K heavier vs Nasdaq, Inc.); MODEST · ELITE-MED vs this page's STEEP · PEAK · HIGH-MED.
BlackRock, Inc. (SIC 62 pole)

BlackRock, Inc. stamps STEEP · MICRO nearest in-SIC by ABS(pay_ratio) to Nasdaq, Inc.'s STEEP filing.
National dual ranks · #105/#253

Nasdaq, Inc.'s FY2025 package sits #105 by CEO dollars and #253 by ratio under PEAK · STEEP.
Comp structure · PEAK

Nasdaq, Inc.'s PEAK CEO total is equity-sensitive - read what grant-date fair value does and does not mean.
Data sourced from SEC EDGAR DEF 14A for Nasdaq, Inc. (CIK 1120193), FY2025. See our methodology. Aggregated by PlainCEOPay as of August 2026.

Data currency: Executive compensation from SEC EDGAR DEF 14A proxy statements through fiscal year 2025, compiled and last refreshed August 2026. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.