Nasdaq, Inc. (NDAQ)

Exchanges, data and financial technology, 9,525 employees. Read October 19, 2026 from the annual report for the period ending December 31, 2025, filed February 12, 2026. Ranked 79 of the 88 Financial Services companies read so far, by the share within reach now.

Nasdaq states 9,525 full and part-time employees at December 31, 2025 including those of non-wholly owned subsidiaries, across Market Services, Capital Access Platforms and Financial Technology segments with no count by segment, so the exchange, listing and index work and the data and software platforms are split evenly by description (c).

The figures on this page come from the company's own annual report and from BLS staffing patterns for its industries, never from a roster. They are estimates with a stated method. Nothing here says what the company will do: within reach is not a forecast of jobs lost or of savings.

What follows from the reading

Share of working time within reach of AI, on the long-run pace at four in five: 32% now, 59% at the end of 2027, 70% at the end of 2028, 74% at the end of 2030. By the patterns, the work is about 74% desk work, 22% people work and 4% body work. These are the site's industry estimates weighted by the shares below: estimates with a stated method and range, not a forecast of what the company will do. By the same patterns, at the end of 2028 about 26% of the working time stays with people (conversation, in-person and hands-on work), 61% becomes checking a model's work and 9% could be handed over with lighter checks, from the industries' own figures, not the company's roles.

Headcount

9,525 employees as of December 31, 2025 (stated). The filing counts no employees by country; revenue is 72% U.S.

The filing: “As of December 31, 2025, Nasdaq had 9,525 full and part-time employees, including employees of non-wholly owned consolidated subsidiaries.”

The workforce as industry patterns

What the filing says about the workforce: 9,525 full and part-time employees including those of non-wholly owned consolidated subsidiaries, up from 9,162; voluntary attrition about 5.6%; a hybrid workplace with six flex days; 36% women globally.

Companies read with the same leading pattern

Other companies whose largest staffing pattern is also Securities, Commodity Contracts, and Other Financial Investments and Related Activities, largest first, each read from its own annual report. Within reach now and at the end of 2028, long-run pace, four in five.

• Morgan Stanley (MS, 83,000 employees)36% now, 71% by 2028
• State Street Corporation (STT, 52,000 employees)36% now, 71% by 2028
• Bank of New York Mellon Corp (BNY, 48,100 employees)36% now, 71% by 2028
• The Goldman Sachs Group, Inc. (GS, 47,400 employees)36% now, 71% by 2028
• S&P Global Inc. (SPGI, 44,500 employees)32% now, 70% by 2028
• The Charles Schwab Corporation (SCHW, 33,000 employees)36% now, 71% by 2028
• BlackRock, Inc. (BLK, 24,900 employees)35% now, 71% by 2028
• Northern Trust Corporation (NTRS, 23,800 employees)36% now, 71% by 2028

What the filing says about AI

47 sentences in the filing name AI. The filing says it accelerated AI adoption in 2025 with workshops, AI-powered agent pilots and an AI Champions community, an AI-driven career hub, and names Verafin's two decades of AI in financial crime management, in 47 sentences.

• “AI: Artificial Intelligenc e ARR: Annualized Recurring Revenue ASC: Accounting Standards Codification ASR: Accelerated Share Repurchase ASU: Accounting Standards Update ATS: Alternative Trading System AUM: Assets Under Management AWS: Amazon Web Services CAT: A market-wide consolidated audit trail established under an SEC approved plan by Nasdaq and other exchanges CCP: Central Counterparty CFT...”
• “Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others, the following: our operating results may be lower than expected; our ability to successfully integrate acquired businesses or divest sold businesses or assets, including the fact that any integration or transition may be more difficult, time consuming or...”
• “Nasdaq Verafin has leveraged AI for more than 20 years to deliver industry-leading financial crime management solutions, combining deep domain and technical expertise with consortium data.”
• “Our innovative AI-based Targeted Typology Analytics solution examines a range of behavioral, transactional, third- party, and consortium insights for more effective detection of crimes with fewer false positives and high quality results.”
• “We are committed to the ethical and responsible use of AI i n our products, services and business operations.”

Its annual reports, year by year

Sentences naming AI in each annual report, counted by one rule, beside the median report in the Index that year. Each count links its filing. Every company, by year and sector

• Fiscal 20210median 0
• Fiscal 20226median 0
• Fiscal 202325median 1
• Fiscal 202431median 4
• Fiscal 202547median 10

Headcount by filing year

As reported in each year's annual report, with the filing. A year marked not read had no figure the reading could take from the report's text.

Limits of this reading

• No count by segment: the split between the exchange businesses and the technology and data platforms is by description (c).
• The U.S. share is not stated.

Source: the company's annual report on EDGAR, accession 0001628280-26-007703, the filing. Read by Claude Fable 5.1 under rubric version 1, by the method. A company can write to info@stratussc.com to have its reading checked against its filing.