Nasdaq, Inc. (NDAQ)

Nasdaq Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	8,112	7,400	6,064	6,226	5,886	5,625
Revenue Growth (YoY)	23.58%	22.03%	-2.60%	5.78%	4.64%	32.10%
Cost of Revenue	3,196	2,751	2,169	2,644	2,466	2,722
Gross Profit	4,916	4,649	3,895	3,582	3,420	2,903
Selling, General & Admin	2,101	2,087	1,766	1,663	1,583	1,386
Depreciation & Amortization Expenses	620	613	323	258	278	202
Other Operating Expenses	115	151	228	97	118	81
Total Operating Expenses	2,836	2,851	2,317	2,018	1,979	1,669
Operating Income	2,080	1,798	1,578	1,564	1,441	1,234
Interest Income	99	44	108	38	53	74
Interest Expense	-394	-414	-284	-129	-125	-101
Other Non-Operating Income (Expense)	7	21	-1	2	165	5
Total Non-Operating Income (Expense)	-288	-349	-177	-89	93	-22
Pretax Income	1,831	1,449	1,401	1,475	1,534	1,212
Provision for Income Taxes	324	334	344	352	347	279
Net Income	1,508	1,117	1,059	1,125	1,187	933
Minority Interest in Earnings	2	2	2	2	-	-
Net Income to Common	1,508	1,117	1,059	1,125	1,187	933
Net Income Growth	59.24%	5.48%	-5.87%	-5.22%	27.22%	20.54%
Shares Outstanding (Basic)	575	575	505	492	498	493
Shares Outstanding (Diluted)	579	579	508	498	505	501
Shares Change (YoY)	5.21%	13.93%	2.12%	-1.43%	0.87%	-0.04%
EPS (Basic)	2.63	1.94	2.10	2.28	2.38	1.89
EPS (Diluted)	2.60	1.93	2.08	2.26	2.35	1.86
EPS Growth	51.16%	-7.21%	-7.96%	-3.83%	26.34%	20.52%
Free Cash Flow	2,134	1,732	1,538	1,554	920	1,064
Free Cash Flow Growth	23.21%	12.61%	-1.03%	68.91%	-13.53%	27.27%
Free Cash Flow Per Share	3.68	2.99	3.03	3.12	1.82	2.12
Dividends Per Share	0.990	0.940	0.860	0.780	0.700	0.650
Dividend Growth	5.32%	9.30%	10.26%	11.43%	7.69%	5.40%
Gross Margin	60.60%	62.82%	64.23%	57.53%	58.10%	51.61%
Operating Margin	25.64%	24.30%	26.02%	25.12%	24.48%	21.94%
Profit Margin	18.58%	15.07%	17.43%	18.04%	20.17%	16.59%
FCF Margin	26.31%	23.41%	25.36%	24.96%	15.63%	18.92%
EBITDA	2,698	2,411	1,901	1,822	1,719	1,436
EBITDA Margin	33.26%	32.58%	31.35%	29.26%	29.20%	25.53%
EBIT	2,080	1,798	1,578	1,564	1,441	1,234
EBIT Margin	25.64%	24.30%	26.02%	25.12%	24.48%	21.94%
Effective Tax Rate	17.70%	23.05%	24.55%	23.86%	22.62%	23.02%

Updated Jul 24, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q