Nasdaq (NDAQ) financial statements

+126.4%since 2008
FY2025 revenue
$8.3B▲ +11.6%
FY2025 net income
$1.8B▲ +60.1%
FY2025 diluted EPS
$3.09▲ +60.1%
FY2025 free cash flow
$2.0B▲ +14.8%

Nasdaq income statement

Nasdaq income statement
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Revenue8,2627,4006,064
Gross profit5,2494,6493,895
Operating income2,3311,7981,578
Pretax income2,1451,4491,401
Net income1,7881,1171,059
Diluted earnings per share3.091.932.08

Nasdaq balance sheet

Nasdaq balance sheet
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Cash and cash equivalents6045,006453
Total assets31,05330,39532,294
Total liabilities18,82119,19521,467
Total equity12,23211,20010,827
Long-term debt8,5739,08110,163

Nasdaq cash flow statement

Nasdaq cash flow statement
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Operating cash flow2,2551,9391,696
Capital expenditure-266-207-158
Free cash flow (derived)1,9891,7321,538
Dividends paid-601-541-441
Share repurchases-616-145-269

Quarterly highlights

Quarterly highlights
USD millionsQ3 FY2026Q2 FY2026Q1 FY2026Q4 FY2025
Period ended30 Sep 202630 Jun 202631 Mar 202631 Dec 2025
Revenue (derived)2,3932,5322,1372,124
Operating income (derived)732712657629
Net income (derived)540507519518
Diluted earnings per share0.960.890.91n/a
Operating cash flow (derived)521711689625
Total assets27,38327,34127,30131,053

Nasdaq major shareholders

Nasdaq major shareholders
HolderShare of classSharesFiled
Vanguard Capital Management6.3%35,762,86530 April 2026
BlackRock, Inc.6.2%34,857,82627 October 2026
Wellington Group Holdings LLP5.4%30,332,30414 August 2026
Wellington Investment Advisors Holdings LLP5.4%30,332,30414 August 2026
Wellington Management Group LLP5.4%30,332,30414 August 2026

Nasdaq 10-K and SEC filings

Nasdaq 10-K and SEC filings
FiledFormTypeDescription
26 October 20268-KCurrent reportCurrent report
22 October 202610-QQuarterly reportQuarterly report
22 October 20268-KCurrent reportCurrent report
23 July 202610-QQuarterly reportQuarterly report
23 July 20268-KCurrent reportCurrent report
1 July 20268-KCurrent reportCurrent report
16 June 20268-KCurrent reportCurrent report
24 April 202610-QQuarterly reportQuarterly report

Common questions

What was Nasdaq's revenue in fiscal 2025?

Nasdaq reported $8.3 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 11.6% from fiscal 2024.

What was Nasdaq's net income in fiscal 2025?

Nasdaq reported net income of $1.8 billion for fiscal 2025, the year ended 31 December 2025, up 60.1% from fiscal 2024. Diluted earnings per share were $3.09.

What was Nasdaq's free cash flow in fiscal 2025?

Nasdaq had $2.0 billion in free cash flow in fiscal 2025. Operating cash flow was $2.3 billion and capital expenditure was $266 million.

What were Nasdaq's total assets at the end of fiscal 2025?

Nasdaq reported total assets of $31.1 billion at the end of fiscal 2025, the year ended 31 December 2025.

How much Nasdaq history does each plan include?

Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.