Nasdaq, Inc. (NDAQ)

Nasdaq Balance Sheet

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

Fiscal Quarter	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	Q1 2021	Q4 2020
Period Ending	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	Mar 31, 2021	Dec 31, 2020
Cash & Equivalents	470	732	690	592	266	416	388	453	5,340	5,347	373	502	301	454	486	393	303	390	774	2,745
Trading Asset Securities	10	11	15	13	10	7	13	20	122	132	71	20	11	14	70	46	19	68	51	20
Cash & Short-Term Investments	480	743	705	605	276	423	401	473	5,462	5,479	444	522	312	468	556	439	322	458	825	2,765
Cash Growth	73.91%	75.65%	75.81%	27.91%	-94.95%	-92.28%	-9.69%	-9.39%	1650.64%	1070.73%	-20.14%	18.91%	-3.11%	2.18%	-32.61%	-84.12%	-46.69%	-38.27%	-25.61%	509.03%
Receivables	865	896	986	1,022	944	960	925	929	595	597	666	677	638	652	621	588	552	559	574	566
Restricted Cash	227	195	18	31	42	24	21	20	25	23	57	22	51	30	31	29	29	40	38	37
Other Current Assets	6,025	5,518	6,109	6,128	6,296	5,902	5,974	7,674	6,269	7,479	7,373	7,383	9,850	9,068	6,970	6,367	4,593	3,960	4,217	4,292
Total Current Assets	7,597	7,352	7,818	7,786	7,558	7,309	7,321	9,096	12,351	13,578	8,540	8,604	10,851	10,218	8,178	7,423	5,496	5,017	5,654	7,660
Property, Plant & Equipment	1,129	1,097	1,002	968	972	956	975	978	939	946	956	976	966	976	981	875	878	876	878	856
Long-Term Investments	690	600	567	538	519	516	495	467	454	468	484	476	459	440	436	430	475	359	332	276
Goodwill	14,336	14,328	14,179	13,957	14,165	13,984	13,974	14,112	7,988	8,020	8,103	8,099	7,946	8,151	8,338	8,433	8,510	8,585	8,508	6,850
Other Intangible Assets	6,620	6,741	6,830	6,905	7,072	7,171	7,291	7,443	2,446	2,490	2,545	2,581	2,583	2,670	2,751	2,813	2,885	2,943	2,967	2,255
Long-Term Deferred Tax Assets	-	-	-	14	-	-	-	7	-	-	-	3	-	-	-	2	-	-	-	3
Other Long-Term Assets	282	265	251	227	274	274	211	191	172	155	147	129	136	141	139	139	153	203	151	79
Total Assets	30,654	30,383	30,647	30,395	30,560	30,210	30,267	32,294	24,350	25,657	20,775	20,868	22,941	22,596	20,823	20,115	18,397	17,983	18,490	17,979
Accounts Payable	256	246	255	269	289	301	266	332	286	199	183	185	189	175	186	185	166	168	183	175
Accrued Expenses	313	691	462	644	388	426	258	387	230	340	282	486	267	336	221	314	235	344	305	451
Short-Term Debt	431	500	400	399	499	548	224	291	-	140	347	664	799	1,020	1,098	1,018	480	221	435	-
Current Portion of Leases	56	57	55	55	59	63	62	62	57	58	57	54	54	56	58	37	42	43	45	46
Current Unearned Revenue	719	848	981	711	663	736	866	594	451	558	664	357	415	512	619	329	380	451	519	235
Other Current Liabilities	5,930	5,315	5,818	5,824	6,035	5,717	5,717	7,359	6,024	7,216	7,171	7,089	9,611	8,772	6,669	5,989	4,292	3,668	4,069	4,017
Total Current Liabilities	7,705	7,657	7,971	7,902	7,933	7,791	7,393	9,025	7,048	8,511	8,704	8,835	11,335	10,871	8,851	7,872	5,595	4,895	5,556	4,924
Long-Term Debt	8,667	8,678	8,926	9,081	9,359	9,249	9,765	10,163	9,703	9,792	4,762	4,735	4,573	4,696	4,800	4,812	5,447	5,480	5,455	5,541
Long-Term Leases	454	453	393	388	399	409	413	417	412	427	442	452	456	470	478	386	398	397	406	389
Long-Term Unearned Revenue	82	81	77	-	78	78	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-Term Deferred Tax Liabilities	1,564	1,540	1,586	1,594	1,566	1,632	1,655	1,642	509	474	463	456	470	464	431	406	395	337	542	502
Other Long-Term Liabilities	152	156	139	230	144	143	222	220	199	206	225	226	223	244	241	234	207	203	197	187
Total Liabilities	18,624	18,565	19,092	19,195	19,479	19,302	19,448	21,467	17,871	19,410	14,596	14,704	17,057	16,745	14,801	13,710	12,042	11,312	12,156	11,543
Common Stock	6	6	6	6	6	6	6	6	5	5	5	5	5	2	2	5	2	2	2	2
Additional Paid-In Capital	5,351	5,425	5,450	5,530	5,477	5,528	5,526	5,496	1,394	1,363	1,312	1,445	1,408	1,385	1,510	1,949	1,983	2,435	2,405	2,547
Retained Earnings	9,223	8,955	8,658	8,401	8,184	8,016	7,932	7,825	7,755	7,569	7,411	7,207	7,064	6,869	6,660	6,465	6,296	6,098	5,845	5,628
Treasury Stock	-710	-706	-672	-647	-643	-641	-611	-587	-585	-583	-555	-515	-510	-509	-489	-437	-425	-423	-415	-376
Comprehensive Income & Other	-1,847	-1,869	-1,896	-2,099	-1,952	-2,011	-2,044	-1,924	-2,102	-2,119	-2,006	-1,991	-2,092	-1,905	-1,670	-1,587	-1,511	-1,452	-1,505	-1,368
Total Common Equity	12,023	11,811	11,546	11,191	11,072	10,898	10,809	10,816	6,467	6,235	6,167	6,151	5,875	5,842	6,013	6,395	6,345	6,660	6,332	6,433
Minority Interest	7	7	9	9	9	10	10	11	12	12	12	13	9	9	9	10	10	11	2	3
Shareholders' Equity	12,030	11,818	11,555	11,200	11,081	10,908	10,819	10,827	6,479	6,247	6,179	6,164	5,884	5,851	6,022	6,405	6,355	6,671	6,334	6,436
Total Liabilities & Equity	30,654	30,383	30,647	30,395	30,560	30,210	30,267	32,294	24,350	25,657	20,775	20,868	22,941	22,596	20,823	20,115	18,397	17,983	18,490	17,979
Total Debt	9,608	9,688	9,774	9,923	10,316	10,269	10,464	10,933	10,172	10,417	5,608	5,905	5,882	6,242	6,434	6,253	6,367	6,141	6,341	5,976
Net Cash (Debt)	-9,128	-8,945	-9,069	-9,318	-10,040	-9,846	-10,063	-10,460	-4,710	-4,938	-5,164	-5,383	-5,570	-5,774	-5,878	-5,814	-6,045	-5,683	-5,516	-3,211
Net Cash Per Share	-15.75	-15.44	-15.65	-16.09	-17.55	-17.88	-19.01	-20.57	-9.52	-9.97	-10.41	-10.81	-11.12	-11.44	-11.63	-11.51	-12.01	-11.34	-11.01	-6.41
Filing Date Shares Outstanding	571	573.8	574.12	575.15	574.76	575.94	576.53	575.21	576.96	491.32	490.77	489	491.28	491.23	494.03	493.24	501.67	501.61	492.28	494.39
Total Common Shares Outstanding	572.75	573.91	573.94	575.06	574.74	576.06	575.76	575.16	491.32	491.27	489.85	491.59	491.23	491.2	493.47	500.04	501.62	507.68	492.73	494.8
Working Capital	-108	-305	-153	-116	-375	-482	-72	71	5,303	5,067	-164	-231	-484	-653	-673	-449	-99	122	98	2,736
Book Value Per Share	20.99	20.58	20.12	19.46	19.26	18.92	18.77	18.81	13.16	12.69	12.59	12.51	11.96	11.89	12.19	12.79	12.65	13.12	12.85	13.00
Tangible Book Value	-8,933	-9,258	-9,463	-9,671	-10,165	-10,257	-10,456	-10,739	-3,967	-4,275	-4,481	-4,529	-4,654	-4,979	-5,076	-4,851	-5,050	-4,868	-5,143	-2,672
Tangible Book Value Per Share	-15.60	-16.13	-16.49	-16.82	-17.69	-17.81	-18.16	-18.67	-8.07	-8.70	-9.15	-9.21	-9.47	-10.14	-10.29	-9.70	-10.07	-9.59	-10.44	-5.40
Machinery	-	-	-	1,199	-	-	-	1,238	-	-	-	1,091	-	-	-	1,023	-	-	-	1,032

Updated Oct 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q