Nasdaq, Inc. (NDAQ)

Nasdaq Balance Sheet

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

Fiscal Quarter	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	Q1 2021
Period Ending	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	Mar 31, 2021
Cash & Equivalents	604	470	732	690	592	266	416	388	453	5,340	5,347	373	502	301	454	486	393	303	390	774
Short-Term Investments	28	53	84	201	184	202	960	173	188	-	288	197	181	129	161	225	208	185	235	215
Cash & Short-Term Investments	632	523	816	891	776	468	1,376	561	641	5,340	5,635	570	683	430	615	711	601	488	625	989
Cash Growth	-18.56%	11.75%	-40.70%	58.82%	21.06%	-91.24%	-75.58%	-1.58%	-6.15%	1141.86%	816.26%	-19.83%	13.64%	-11.88%	-1.60%	-28.11%	-79.56%	-35.87%	-31.84%	-22.07%
Accounts Receivable	943	865	896	986	1,022	944	174	925	929	595	597	666	677	638	652	621	588	552	559	574
Other Current Assets	6,428	6,209	5,640	5,941	5,988	6,146	5,759	5,835	7,526	6,144	7,346	7,304	7,244	9,783	8,951	6,846	6,234	4,456	3,833	4,091
Total Current Assets	8,003	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
Net Property, Plant & Equipment	1,175	1,129	1,097	1,002	968	972	956	975	978	939	946	956	976	966	976	981	875	878	876	878
Other Intangible Assets	6,511	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
Goodwill	14,371	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
Other Long-Term Assets	993	972	865	818	779	793	790	706	665	626	623	631	608	595	581	575	571	628	562	483
Total Assets	31,053	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
Accounts Payable	280	256	246	255	269	289	301	266	332	286	199	183	185	189	175	186	185	166	168	183
Accrued Expenses	364	313	280	198	325	314	213	188	303	211	156	157	243	205	161	168	252	221	172	174
Short-Term Debt	431	431	500	400	399	499	548	224	291	-	140	347	664	799	1,020	1,098	1,018	480	221	435
Unearned Revenue	785	719	848	981	711	663	736	866	594	451	558	664	357	415	512	619	329	380	451	519
Other Current Liabilities	6,101	5,986	5,783	6,137	6,198	6,168	5,993	5,849	7,505	6,100	7,458	7,353	7,386	9,727	9,003	6,780	6,088	4,348	3,883	4,245
Total Current Liabilities	7,961	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
Long-Term Debt	8,573	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
Long-Term Leases	462	454	453	393	388	399	409	413	417	412	427	442	452	456	470	478	386	398	397	406
Other Long-Term Liabilities	1,825	1,798	1,777	1,802	1,824	1,788	1,853	1,877	1,862	708	680	688	682	693	708	672	640	602	540	739
Total Long-Term Liabilities	10,860	10,919	10,908	11,121	11,293	11,546	11,511	12,055	12,442	10,823	10,899	5,892	5,869	5,722	5,874	5,950	5,838	6,447	6,417	6,600
Total Liabilities	18,821	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
Common Stock	6	6	6	6	6	6	6	6	6	5	5	5	5	5	2	2	5	2	2	2
Treasury Stock	-716	-710	-706	-672	-647	-643	-641	-611	-587	-585	-583	-555	-515	-510	-509	-489	-437	-425	-423	-415
Additional Paid-in Capital	5,122	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
Accumulated Other Comprehensive Income	-1,773	-1,847	-1,869	-1,896	-2,099	-1,952	-2,011	-2,044	7,825	-2,102	-2,119	-2,006	-1,991	-2,092	-1,905	-1,670	-1,587	-1,511	-1,452	-1,505
Retained Earnings	9,588	9,223	8,955	8,658	8,401	8,184	8,016	7,932	-1,924	7,755	7,569	7,411	7,207	7,064	6,869	6,660	6,465	6,296	6,098	5,845
Total Common Shareholders' Equity	12,227	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
Minority Interest	5	7	7	9	9	9	10	10	11	12	12	12	13	9	9	9	10	10	11	2
Shareholders' Equity	12,232	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
Total Liabilities & Equity	31,053	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
Total Debt	9,466	9,552	9,631	9,719	9,868	10,257	10,206	10,402	10,871	10,115	10,359	5,551	5,851	5,828	6,186	6,376	6,216	6,325	6,098	6,296
Net Cash (Debt)	-8,834	-9,029	-8,815	-8,828	-9,092	-9,789	-8,830	-9,841	-10,230	-4,775	-4,724	-4,981	-5,168	-5,398	-5,571	-5,665	-5,615	-5,837	-5,473	-5,307
Net Cash Per Share	-15.27	-15.58	-15.21	-15.24	-15.70	-17.12	-16.04	-18.59	-20.12	-9.65	-9.54	-10.04	-10.38	-10.78	-11.04	-11.21	-11.12	-11.60	-10.92	-10.59
Book Value	12,227	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
Book Value Per Share	21.13	20.75	20.38	19.93	19.32	19.36	19.79	20.42	21.27	13.07	12.58	12.43	12.35	11.73	11.58	11.90	12.66	12.61	13.29	12.64
Tangible Book Value	-8,655	-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
Tangible Book Value Per Share	-14.96	-15.42	-15.98	-16.33	-16.70	-17.77	-18.63	-19.75	-21.12	-8.02	-8.63	-9.03	-9.10	-9.29	-9.87	-10.05	-9.60	-10.03	-9.71	-10.27

Updated Jan 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q