Nasdaq, Inc. (NDAQ)

Nasdaq Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	470	592	453	502	393	2,745
Short-Term Investments	53	-	-	-	-	-
Trading Asset Securities	-	13	20	20	46	20
Cash & Short-Term Investments	523	605	473	522	439	2,765
Cash Growth	89.49%	27.91%	-9.39%	18.91%	-84.12%	509.03%
Receivables	865	1,022	929	677	588	566
Restricted Cash	227	31	20	22	29	37
Other Current Assets	5,982	6,128	7,674	7,383	6,367	4,292
Total Current Assets	7,597	7,786	9,096	8,604	7,423	7,660
Property, Plant & Equipment	1,129	968	978	976	875	856
Long-Term Investments	-	538	467	476	430	276
Goodwill	14,336	13,957	14,112	8,099	8,433	6,850
Other Intangible Assets	6,620	6,905	7,443	2,581	2,813	2,255
Long-Term Deferred Tax Assets	-	14	7	3	2	3
Other Long-Term Assets	972	227	191	129	139	79
Total Assets	30,654	30,395	32,294	20,868	20,115	17,979
Accounts Payable	256	269	332	185	185	175
Accrued Expenses	313	644	387	486	314	451
Short-Term Debt	431	399	291	664	1,018	-
Current Portion of Leases	-	55	62	54	37	46
Current Unearned Revenue	719	711	594	357	329	235
Other Current Liabilities	5,986	5,824	7,359	7,089	5,989	4,017
Total Current Liabilities	7,705	7,902	9,025	8,835	7,872	4,924
Long-Term Debt	8,667	9,081	10,163	4,735	4,812	5,541
Long-Term Leases	454	388	417	452	386	389
Long-Term Deferred Tax Liabilities	1,564	1,594	1,642	456	406	502
Other Long-Term Liabilities	234	230	220	226	234	187
Total Liabilities	18,624	19,195	21,467	14,704	13,710	11,543
Common Stock	6	6	6	5	5	2
Additional Paid-In Capital	5,351	5,530	5,496	1,445	1,949	2,547
Retained Earnings	9,223	8,401	7,825	7,207	6,465	5,628
Treasury Stock	-710	-647	-587	-515	-437	-376
Comprehensive Income & Other	-1,847	-2,099	-1,924	-1,991	-1,587	-1,368
Total Common Equity	12,023	11,191	10,816	6,151	6,395	6,433
Minority Interest	7	9	11	13	10	3
Shareholders' Equity	12,030	11,200	10,827	6,164	6,405	6,436
Total Liabilities & Equity	30,654	30,395	32,294	20,868	20,115	17,979
Total Debt	9,552	9,923	10,933	5,905	6,253	5,976
Net Cash (Debt)	-9,029	-9,318	-10,460	-5,383	-5,814	-3,211
Net Cash Per Share	-15.58	-16.09	-20.57	-10.81	-11.51	-6.41
Filing Date Shares Outstanding	573.3	575.15	575.21	489	493.24	494.39
Total Common Shares Outstanding	573.3	575.06	575.16	491.59	500.04	494.8
Working Capital	-108	-116	71	-231	-449	2,736
Book Value Per Share	20.97	19.46	18.81	12.51	12.79	13.00
Tangible Book Value	-8,933	-9,671	-10,739	-4,529	-4,851	-2,672
Tangible Book Value Per Share	-15.58	-16.82	-18.67	-9.21	-9.70	-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