NASDAQ, INC. (NDAQ) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: October 23, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0.05% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

570M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

NDAQ currently has 573M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.05% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Oct 23, 2025	10-Q filing \| 573.3M shares outstanding	570M
Jul 25, 2025	10-Q filing \| 574.1M shares outstanding	570M
Apr 28, 2025	10-Q filing \| 575.0M shares outstanding	580M
Feb 21, 2025	10-K filing \| 575.4M shares outstanding	580M
Oct 29, 2024	10-Q filing \| 575.1M shares outstanding	580M
Aug 06, 2024	10-Q filing \| 576.4M shares outstanding	580M
May 02, 2024	10-Q filing \| 575.5M shares outstanding	580M
Feb 21, 2024	10-K filing \| 575.2M shares outstanding	580M
Nov 03, 2023	10-Q filing \| 577.0M shares outstanding	580M
Aug 02, 2023	10-Q filing \| 490.8M shares outstanding	490M
May 04, 2023	10-Q filing \| 489.9M shares outstanding	490M
Feb 23, 2023	10-K filing \| 492.4M shares outstanding	490M
Nov 02, 2022	10-Q filing \| 491.2M shares outstanding	490M
Aug 03, 2022	10-Q filing \| 164.1M shares outstanding	160M
May 04, 2022	10-Q filing \| 165.0M shares outstanding	170M
Feb 23, 2022	10-K filing \| 165.9M shares outstanding	170M
Nov 04, 2021	10-Q filing \| 167.7M shares outstanding	170M
Aug 04, 2021	10-Q filing \| 166.4M shares outstanding	170M
May 05, 2021	10-Q filing \| 164.7M shares outstanding	160M
Feb 23, 2021	10-K filing \| 164.4M shares outstanding	160M
Nov 04, 2020	10-Q filing \| 164.2M shares outstanding	160M
Aug 05, 2020	10-Q filing \| 164.1M shares outstanding	160M
May 06, 2020	10-Q filing \| 164.9M shares outstanding	160M
Feb 25, 2020	10-K filing \| 164.9M shares outstanding	160M

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