Nasdaq, Inc. (NDAQ)
NASDAQ: NDAQ · Real-Time Price · USD
92.09
+1.67 (1.85%)
At close: Jul 24, 2026, 4:00 PM EDT
91.18
-0.91 (-0.99%)
After-hours: Jul 24, 2026, 5:54 PM EDT

Nasdaq Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
8,7518,2627,4006,0646,2265,886
Revenue Growth
7.65%11.65%22.03%-2.60%5.78%4.64%
Gross Profit
5,6145,2494,6493,8953,5823,420
Operating Income
2,5842,3311,7981,5781,5641,441
Net Income
1,9671,7881,1171,0591,1251,187
Earnings Per Share
3.433.091.932.082.262.35
EPS Growth
31.92%60.10%-7.21%-7.96%-3.83%26.34%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Access Platforms Net
2,3042,1371,9451,7701,6821,566
Financial Crime and Regulatory Technology Net
826759625435306231
Capital Markets Technology Net
1,1851,091996664558541
Market Services
4,3644,1703,7713,1563,6323,471
Other Net
-6163394877
Revenue (Total)
8,7518,2627,4006,0646,2265,886

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
718632776641683601
Total Debt
9,2439,4669,86810,8715,8516,216
Net Cash (Debt)
-8,525-8,834-9,092-10,230-5,168-5,615
Net Cash Growth
------
Net Cash Per Share
-14.86-15.27-15.70-20.12-10.38-11.12

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,2462,2551,9391,6961,7061,083
Capital Expenditures
-295-266-207-158-152-163
Free Cash Flow
1,9511,9891,7321,5381,554920
Free Cash Flow Growth
-8.58%14.84%12.61%-1.03%68.91%-13.53%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
64.15%63.53%62.82%64.23%57.53%58.10%
Operating Margin
29.53%28.21%24.30%26.02%25.12%24.48%
Pretax Margin
27.87%25.96%19.58%23.10%23.69%26.06%
Profit Margin
22.48%21.63%15.07%17.43%18.04%20.17%
FCF Margin
22.29%24.07%23.41%25.36%24.96%15.63%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.2401.0500.9400.8600.7800.700
Dividend Per Share Growth
13.73%11.70%9.30%10.26%11.43%7.69%
Dividend Yield
1.35%1.08%1.22%1.50%1.27%1.00%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
26.8631.4340.0627.9527.1529.79
Forward PE
21.0326.1025.2321.7722.4828.28
P/FCF Ratio
-27.8325.6721.7419.4138.05
PS Ratio
9.216.706.015.514.845.95