The 10-K against last year's
375 changes: 357 removed, 18 reworded
10-K 0001628280-26-007703 (2026-02-12) vs 10-K 0001120193-25-000008 (2025-02-21) Not compared: Risk Factors, Legal Proceedings, Accounting Policies.
The redline
The paragraph that changed most in each section
Marked against last year's 10-K:
cut words struck through, new words highlighted and underlined.
MD&A 154 words changed in this paragraph; it is 34% similar to last year's version.
Year Ended December 31, U.S. equity options 2025 2024 2023 2022 Total U.S.-listed securities Total industry average daily volume 55.8 44.4 40.4 (in millions) Nasdaq PHLX matched market 10.3% 10.0% 11.3% share volume (in billions) 12.2 11.0 11.9 Matched share volume (in billions) 479.4 455.6 522.8 The Nasdaq Stock Options Market 3.5% 5.5% 6.1% matched market share 15.1 % 15.8 % 16.2 % Nasdaq BX Options matched 1.6% 2.1% 3.3% market share 0.3 % 0.4 % 0.5 % Nasdaq PSX ISE Options matched 6.7% 6.9% 5.9% market share 0.2 % 0.3 % 0.8 % Nasdaq GEMX Options matched 3.6% 2.6% 2.4% market share Nasdaq MRX Options matched 3.4% 2.7% 2.0% market share Total matched market share 29.1% 29.8% 31.0% executed on Nasdaq’s exchanges 15.6 % 16.5 % 17.5 % Market share reported to the FINRA/Nasdaq Trade Reporting Facility 44.3 % 36.7 % 35.2 % Total market share 59.9 % 53.2 % 52.7 % Nasdaq Nordic and Nasdaq Baltic securities Average daily number of equity trades executed on Nasdaq’s exchanges 651,455 666,411 908,813 Total average daily value of shares traded (in billions) $ 4.5 $ 4.5 $ 5.4 Total market share executed on Nasdaq’s exchanges 71.9 % 71.0 % 71.5 %
Source: Item 7, 10-K 0001628280-26-007703 vs Item 7, 10-K 0001120193-25-000008
Every change, by type
Sentences and paragraphs added, removed or reworded
Sentences and paragraphs of NDAQ's Risk Factors and MD&A, 10-K 2026-02-12 against 10-K 2025-02-21. Each links to the text at sec.gov.
No changes of this type found.