Item 8. Financial Statements and Supplementary Data

Nasdaq’s consolidated financial statements, including Consolidated Balance Sheets as of December 31, 2020 and 2019, Consolidated Statements of Income for the years ended December 31, 2020, 2019 and 2018, Consolidated Statements of Comprehensive Income for the years ended December 31, 2020, 2019 and 2018, Consolidated Statements of Changes in Stockholders' Equity for the years ended December 31, 2020, 2019 and 2018, Consolidated Statements of Cash Flows for the years ended December 31, 2020, 2019 and 2018 and notes to our consolidated financial statements, together with a report thereon of Ernst & Young LLP, dated February 23, 2021, are attached hereto as pages F-1 through F-46 and incorporated by reference herein.

Summarized Quarterly Financial Data (Unaudited)

As a result of our early adoption, in December 2020, of SEC Final Rule Release No. 33-10890, “Management's Discussion and Analysis, Selected Financial Data, and Supplementary

Financial Information,” this data has been omitted.