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	8,309	8,262	8,168	8,112	7,814	7,398	7,015	6,564	6,205	6,064	5,999	6,105	6,224	6,226	6,111	5,911	5,771	5,887	5,882	5,938
Revenue Growth (YoY)	6.33%	11.68%	16.44%	23.58%	25.93%	22.00%	16.94%	7.52%	-0.30%	-2.60%	-1.83%	3.28%	7.85%	5.76%	3.89%	-0.46%	-2.58%	4.64%	12.57%	20.99%
Cost of Revenue	2,889	3,012	3,083	3,196	3,045	2,749	2,476	2,231	2,106	2,168	2,313	2,469	2,620	2,644	2,550	2,402	2,309	2,466	2,559	2,738
Gross Profit	5,420	5,250	5,085	4,916	4,769	4,649	4,539	4,333	4,099	3,896	3,686	3,636	3,604	3,582	3,561	3,509	3,462	3,421	3,323	3,200
Selling, General & Admin	2,251	2,186	2,138	2,101	2,073	2,085	2,064	1,975	1,871	1,767	1,695	1,686	1,671	1,663	1,668	1,655	1,620	1,583	1,523	1,447
Depreciation & Amortization Expenses	642	633	625	620	615	614	586	497	409	323	261	260	260	258	276	280	283	279	251	235
Other Operating Expenses	87	101	104	115	146	152	255	244	243	228	156	149	102	97	58	57	78	118	134	133
Total Operating Expenses	2,980	2,920	2,867	2,836	2,834	2,851	2,905	2,716	2,523	2,318	2,112	2,095	2,033	2,018	2,002	1,992	1,981	1,980	1,908	1,815
Operating Income	2,440	2,330	2,218	2,080	1,935	1,798	1,634	1,617	1,576	1,578	1,574	1,541	1,571	1,564	1,559	1,517	1,481	1,441	1,415	1,385
Interest Income	116	122	122	99	72	43	56	107	96	107	89	39	51	38	-12	-16	2	53	64	112
Interest Expense	-357	-366	-379	-394	-401	-413	-422	-421	-355	-283	-206	-137	-133	-129	-126	-127	-128	-125	-119	-110
Other Non-Operating Income (Expense)	135	59	43	46	18	20	19	19	1	-1	-11	-6	8	2	46	82	158	165	127	86
Total Non-Operating Income (Expense)	-106	-185	-214	-249	-311	-350	-347	-295	-258	-176	-128	-104	-74	-89	-92	-61	32	93	72	88
Pretax Income	2,334	2,145	2,004	1,831	1,624	1,448	1,287	1,322	1,318	1,402	1,446	1,437	1,497	1,475	1,467	1,456	1,513	1,534	1,487	1,473
Provision for Income Taxes	422	357	379	324	347	333	331	377	328	344	344	335	355	351	324	319	342	348	335	345
Net Income	1,912	1,788	1,625	1,508	1,278	1,117	959	947	992	1,060	1,104	1,104	1,144	1,126	1,144	1,138	1,172	1,186	1,152	1,128
Minority Interest in Earnings	0	-1	-1	-2	-2	-2	-3	-4	-4	-2	-4	-2	-2	-2	0	0	0	-	-	-
Net Income to Common	1,912	1,788	1,625	1,508	1,278	1,117	959	947	992	1,060	1,104	1,104	1,144	1,126	1,144	1,138	1,172	1,186	1,152	1,128
Net Income Growth	49.61%	60.07%	69.45%	59.24%	28.83%	5.38%	-13.13%	-14.22%	-13.29%	-5.86%	-3.50%	-2.99%	-2.39%	-5.06%	-0.69%	0.89%	14.01%	27.12%	26.45%	41.53%
Shares Outstanding (Basic)	571	573	574	575	575	575	569	548	526	505	491	491	491	492	495	498	498	498	496	493
Shares Outstanding (Diluted)	577	579	579	579	579	579	572	551	529	508	495	495	496	498	501	504	505	505	503	501
Shares Change (YoY)	-0.49%	-0.09%	1.32%	5.22%	9.46%	13.94%	15.56%	11.14%	6.68%	2.08%	-1.21%	-1.80%	-1.78%	-1.41%	-0.46%	0.65%	0.84%	0.86%	0.58%	0.25%
EPS (Basic)	3.36	3.13	2.84	2.63	2.23	1.95	1.69	1.76	1.91	2.12	2.25	2.25	2.33	2.28	2.31	2.28	2.35	2.39	2.32	2.29
EPS (Diluted)	3.32	3.09	2.80	2.60	2.20	1.92	1.67	1.74	1.90	2.11	2.23	2.22	2.30	2.26	2.29	2.26	2.32	2.35	2.28	2.25
EPS Growth	50.91%	60.94%	67.66%	49.43%	15.79%	-9.01%	-25.11%	-21.62%	-17.39%	-6.64%	-2.62%	-1.77%	-1.00%	-3.69%	0.29%	0.44%	13.33%	25.94%	25.46%	41.21%
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	2,004	1,989	2,098	2,134	1,855	1,732	1,462	1,537	1,504	1,538	1,623	1,551	1,509	1,554	1,428	1,437	1,138	920	961	697
Free Cash Flow Growth	8.03%	14.84%	43.50%	38.84%	23.34%	12.61%	-9.92%	-0.90%	-0.33%	-1.03%	13.66%	7.93%	32.60%	68.91%	48.59%	106.17%	7.16%	-13.53%	-2.83%	-38.26%
Free Cash Flow Per Share	3.48	3.44	3.62	3.68	3.20	2.99	2.56	2.79	2.84	3.03	3.28	3.13	3.04	3.12	2.85	2.85	2.25	1.82	1.91	1.39
Dividends Per Share	1.080	1.050	1.020	0.990	0.960	0.940	0.920	0.900	0.880	0.860	0.840	0.820	0.800	0.780	0.760	0.737	0.717	0.700	0.683	0.670
Dividend Growth	12.50%	11.70%	10.87%	10.00%	9.09%	9.30%	9.52%	9.76%	10.00%	10.26%	10.53%	11.31%	11.62%	11.43%	11.21%	9.96%	9.71%	7.69%	6.78%	5.78%
Gross Margin	65.23%	63.54%	62.26%	60.60%	61.03%	62.84%	64.70%	66.01%	66.06%	64.25%	61.44%	59.56%	57.90%	57.53%	58.27%	59.36%	59.99%	58.11%	56.49%	53.89%
Operating Margin	29.37%	28.20%	27.15%	25.64%	24.76%	24.30%	23.29%	24.63%	25.40%	26.02%	26.24%	25.24%	25.24%	25.12%	25.51%	25.66%	25.66%	24.48%	24.06%	23.32%
Profit Margin	23.01%	21.64%	19.89%	18.58%	16.34%	15.07%	13.63%	14.40%	15.95%	17.45%	18.37%	18.05%	18.35%	18.05%	18.70%	19.24%	20.29%	20.15%	19.59%	19.00%
FCF Margin	24.12%	24.07%	25.69%	26.31%	23.74%	23.41%	20.84%	23.42%	24.24%	25.36%	27.05%	25.41%	24.24%	24.96%	23.37%	24.31%	19.72%	15.63%	16.34%	11.74%
EBITDA	3,081	2,962	2,842	2,698	2,549	2,411	2,219	2,114	1,985	1,901	1,835	1,801	1,831	1,822	1,835	1,796	1,763	1,719	1,665	1,620
EBITDA Margin	37.08%	35.85%	34.79%	33.26%	32.62%	32.59%	31.63%	32.21%	31.99%	31.35%	30.59%	29.50%	29.42%	29.26%	30.03%	30.38%	30.55%	29.20%	28.31%	27.28%
EBIT	2,440	2,330	2,218	2,080	1,935	1,798	1,634	1,617	1,576	1,578	1,574	1,541	1,571	1,564	1,559	1,517	1,481	1,441	1,415	1,385
EBIT Margin	29.37%	28.20%	27.15%	25.64%	24.76%	24.30%	23.29%	24.63%	25.40%	26.02%	26.24%	25.24%	25.24%	25.12%	25.51%	25.66%	25.66%	24.48%	24.06%	23.32%
Effective Tax Rate	18.08%	16.64%	18.91%	17.70%	21.37%	23.00%	25.72%	28.52%	24.89%	24.54%	23.79%	23.31%	23.71%	23.80%	22.09%	21.91%	22.60%	22.69%	22.53%	23.42%

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

SEC Filings: 10-K · 10-Q