Nasdaq, Inc. (NDAQ)

Nasdaq Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
Revenue	2,137	2,124	1,958	2,090	2,090	2,030	1,902	1,792	1,674	1,647	1,451	1,433	1,533	1,582	1,557	1,552	1,535	1,467	1,357	1,412
Revenue Growth (YoY)	2.25%	4.63%	2.94%	16.63%	24.85%	23.25%	31.08%	25.05%	9.20%	4.11%	-6.81%	-7.67%	-0.13%	7.84%	14.74%	9.92%	-7.03%	0.34%	-3.96%	1.00%
Cost of Revenue	730	732	643	784	853	803	756	633	557	530	511	508	619	675	667	659	643	581	519	566
Gross Profit	1,407	1,392	1,315	1,306	1,237	1,227	1,146	1,159	1,117	1,117	940	925	914	907	890	893	892	886	838	846
Selling, General & Admin	570	580	550	551	505	532	513	523	517	511	424	419	413	439	415	404	405	444	402	369
Depreciation & Amortization Expenses	165	161	158	158	156	153	153	153	155	125	64	65	69	63	63	65	67	81	67	68
Other Operating Expenses	15	22	21	29	29	25	32	60	35	128	21	59	20	56	14	12	15	17	13	33
Total Operating Expenses	750	763	729	738	690	710	698	736	707	764	509	543	502	558	492	481	487	542	482	470
Operating Income	657	629	586	568	547	517	448	423	410	353	431	382	412	349	398	412	405	344	356	376
Interest Income	32	17	32	35	38	17	9	8	9	30	60	-3	20	12	10	9	7	-38	6	27
Interest Expense	-87	-88	-87	-95	-96	-101	-102	-102	-108	-110	-101	-36	-36	-33	-32	-32	-32	-30	-33	-33
Other Non-Operating Income (Expense)	75	22	-2	40	-1	6	1	12	1	5	1	-6	-	-6	6	8	-6	38	42	84
Total Non-Operating Income (Expense)	20	-49	-57	-20	-59	-78	-92	-82	-98	-75	-40	-45	-16	-27	-16	-15	-31	-30	15	78
Pretax Income	677	580	529	548	488	439	356	341	312	278	391	337	396	322	382	397	374	314	371	454
Provision for Income Taxes	158	62	106	96	93	84	51	119	79	82	97	70	95	82	88	90	91	55	83	113
Net Income	519	518	423	452	395	355	306	222	234	197	294	267	302	241	294	307	284	259	288	341
Minority Interest in Earnings	-	0	-	-	-	-1	-1	-	-1	-1	-2	-	-1	-1	-	-	-1	1	-	-
Net Income to Common	519	518	423	452	395	355	306	222	234	197	294	267	302	241	294	307	284	259	288	341
Net Income Growth	31.39%	45.91%	38.23%	103.60%	68.80%	80.20%	4.08%	-16.85%	-22.52%	-18.26%	-	-13.03%	6.34%	-6.95%	2.08%	-9.97%	-4.70%	15.11%	9.09%	41.49%
Shares Outstanding (Basic)	567	571	573	574	575	575	575	576	575	547	491	491	490	491	491	492	495	501	503	492
Shares Outstanding (Diluted)	572	577	579	579	580	580	579	579	579	551	494	494	495	497	496	497	502	509	511	499
Shares Change (YoY)	-1.42%	-0.55%	-0.01%	0.01%	0.18%	5.29%	17.18%	17.28%	17.01%	10.79%	-0.45%	-0.59%	-1.39%	-2.38%	-2.78%	-0.55%	0.09%	1.44%	1.60%	0.22%
EPS (Basic)	0.92	0.91	0.74	0.79	0.69	0.62	0.53	0.39	0.41	0.36	0.60	0.54	0.62	0.49	0.60	0.62	0.57	0.52	0.57	0.69
EPS (Diluted)	0.91	0.90	0.73	0.78	0.68	0.61	0.53	0.38	0.40	0.36	0.60	0.54	0.61	0.48	0.59	0.62	0.57	0.51	0.56	0.68
EPS Growth	33.82%	47.54%	37.74%	105.26%	70.00%	69.44%	-11.67%	-29.63%	-34.43%	-25.00%	1.70%	-12.90%	7.02%	-5.88%	5.36%	-9.27%	-3.93%	14.18%	6.33%	41.38%
Shares Outstanding	564.75	569.89	572.75	573.91	573.84	575.06	574.74	576.06	575.76	575.16	491.32	491.28	489.85	491.59	491.23	491.2	493.47	500.04	501.62	507.68
Free Cash Flow	629	536	152	687	614	645	188	408	491	375	263	375	525	460	191	333	570	334	200	34
Free Cash Flow Growth	2.44%	-16.90%	-19.15%	68.38%	25.05%	72.00%	-28.52%	8.80%	-6.48%	-18.48%	37.70%	12.61%	-7.90%	37.72%	-4.50%	879.41%	61.93%	-10.93%	-	-91.48%
Free Cash Flow Per Share	1.10	0.93	0.26	1.19	1.06	1.11	0.32	0.70	0.85	0.68	0.53	0.76	1.06	0.93	0.38	0.67	1.14	0.66	0.39	0.07
Dividends Per Share	0.270	0.270	0.270	0.270	0.240	0.240	0.240	0.240	0.220	0.220	0.220	0.220	0.200	0.200	0.200	0.200	0.180	0.180	0.180	0.180
Dividend Growth	12.50%	12.50%	12.50%	12.50%	9.09%	9.09%	9.09%	9.09%	10.00%	10.00%	10.00%	10.00%	11.11%	11.11%	11.11%	11.11%	10.23%	10.16%	10.23%	10.23%
Gross Margin	65.84%	65.54%	67.16%	62.49%	59.19%	60.44%	60.25%	64.68%	66.73%	67.82%	64.78%	64.55%	59.62%	57.33%	57.16%	57.54%	58.11%	60.40%	61.75%	59.91%
Operating Margin	30.74%	29.61%	29.93%	27.18%	26.17%	25.47%	23.55%	23.60%	24.49%	21.43%	29.70%	26.66%	26.88%	22.06%	25.56%	26.55%	26.38%	23.45%	26.23%	26.63%
Profit Margin	24.29%	24.39%	21.60%	21.63%	18.90%	17.49%	16.04%	12.39%	13.92%	11.90%	20.26%	18.63%	19.63%	15.17%	18.88%	19.78%	18.44%	17.66%	21.22%	24.15%
FCF Margin	29.43%	25.24%	7.76%	32.87%	29.38%	31.77%	9.88%	22.77%	29.33%	22.77%	18.13%	26.17%	34.25%	29.08%	12.27%	21.46%	37.13%	22.77%	14.74%	2.41%
EBITDA	822	790	744	725	703	670	600	576	565	478	495	447	481	412	461	477	472	425	422	444
EBITDA Margin	38.47%	37.19%	38.00%	34.69%	33.64%	33.00%	31.55%	32.14%	33.75%	29.02%	34.11%	31.19%	31.38%	26.04%	29.61%	30.73%	30.75%	28.97%	31.10%	31.44%
EBIT	657	629	586	568	547	517	448	423	410	353	431	382	412	349	398	412	405	344	356	376
EBIT Margin	30.74%	29.61%	29.93%	27.18%	26.17%	25.47%	23.55%	23.60%	24.49%	21.43%	29.70%	26.66%	26.88%	22.06%	25.56%	26.55%	26.38%	23.45%	26.23%	26.63%
Effective Tax Rate	23.34%	10.69%	20.04%	17.52%	19.06%	19.13%	14.33%	34.90%	25.32%	29.50%	24.81%	20.77%	23.99%	25.47%	23.04%	22.67%	24.33%	17.52%	22.37%	24.89%

Updated Apr 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q