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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission file number : 001-38855 Delaware ( State or Other Jurisdiction of Incorporation or Organization ) Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class Nasdaq , Inc. ( Exact name of registrant as specified in its charter ) 151 W. 42nd Street , New York , New York ( Address of Principal Executive Offices ) Common Stock , $ 0.01 par value per share 0.875 % Senior Notes due 2030 1.75 % Senior Notes due 2029 1.75 % Senior Notes due 2023 Large accelerated filer Non - accelerated filer Emerging growth company Registrant's telephone number , including area code : +1 212 401 8700 0 0 0 Trading Symbol ( s ) NDAQ NDAQ30 NDAQ29 NDAQ23 to 10036 ( Zip Code ) ( I.R.S. Employer Identification No. ) 52-1165937 Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Exchange Act . Yes No Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes No □ Name of each exchange on which registered The Nasdaq Stock Market The Nasdaq Stock Market The Nasdaq Stock Market The Nasdaq Stock Market Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Accelerated filer Smaller reporting company NO □ If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes No 区 As of June 30 , 2020 , the aggregate market value of the registrant's common stock held by non - affiliates of the registrant was approximately $ 13.6 billion ( this amount represents approximately 114.4 million shares of Nasdaq , Inc.'s common stock based on the last reported sales price of $ 119.47 of the common stock on The Nasdaq Stock Market on such date ) . Indicate the number of shares outstanding of each of the issuer's classes of common stock , as of the latest practicable date . Class Common Stock , $ 0.01 par value per share Outstanding at February 11 , 2021 164,795,634 shares Documents Incorporated by Reference : Certain portions of the Definitive Proxy Statement for the 2021 Annual Meeting of Shareholders are incorporated by reference into Part III of this Form 10 - K .