Velarion · Company Intelligence
CompBrief
Fiscal year 2025

Adena Friedman — FY2025 total compensation $25,014,550

Adena Friedman is Chair and CEO of Nasdaq, Inc. (NDAQ). The company reported total compensation of $25,014,550 for fiscal year 2025.

01

Fiscal year 2025 compensation

Salary$1,359,616
Bonus$0
Stock awards$17,491,321
Option awards$0
Non-equity incentive plan$6,086,509
Pension and non-qualified deferred compensation$0
All other compensation$77,104
Total$25,014,550

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.

Cited to the compensation disclosure Nasdaq, Inc. filed April 24, 2026, accession 0001628280-26-027245.

02

History — every fiscal year held

Fiscal yearRoleSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
FY2025Chair and CEO$1,359,616$0$17,491,321$0$6,086,509$0$77,104$25,014,550
FY2024Chair and CEO$1,250,000$0$15,213,813$0$5,009,927$0$44,430$21,518,170
FY2022Chair and CEO$1,250,000$0$12,378,830$9,999,975$4,372,748$0$43,752$28,045,305
FY2021President and CEO$1,250,000$0$12,864,768$0$5,799,474$0$51,651$19,965,893
FY2020President and CEO$1,176,163$0$10,397,565$0$4,081,857$98,334$53,699$15,807,618
FY2019President and CEO$1,000,000$9,251,842$3,437,372$132,281$47,792$13,869,287

Totals as disclosed in each year's own compensation disclosure for Nasdaq, Inc..

03

Peer context

Peer-group chief executive median$23,394,854
Difference from that median$1,619,696
Percentile within the disclosed peer group52nd
Peers with a disclosed figure22

Medians and percentiles are computed across the peer group Nasdaq, Inc. discloses in its own compensation disclosure.

04

The other named executive officers of Nasdaq, Inc.

Named executive officerRoleFY2025 total
Adena Friedman this pageChair and CEO$25,014,550
Tal CohenPresident$17,365,455
Sarah YoungwoodEVP and CFO$9,945,096
P.C. Nelson GriggsPresident$8,360,335
Bradley J. PetersonEVP and CIO/CTO$6,118,574

The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Nasdaq, Inc. compensation brief.

05

The company page

Adena Friedman's compensation sits inside Nasdaq, Inc.'s full executive and board picture — the peer group, pay against peers, incentive design and the board itself.

The Nasdaq, Inc. (NDAQ) compensation brief