Nasdaq, Inc. (NDAQ)
NASDAQ: NDAQ · Real-Time Price · USD
87.42
-0.67 (-0.77%)
At close: Mar 3, 2026, 4:00 PM EST
87.41
-0.01 (-0.01%)
Pre-market: Mar 4, 2026, 7:46 AM EST

Nasdaq Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
1,7871,1151,0571,1231,187
Depreciation & Amortization
632613323258278
Stock-Based Compensation
16514112210690
Other Adjustments
-75-613351-3
Change in Receivables
91-1933-101-6
Changes in Accounts Payable
-6-6014919-17
Changes in Accrued Expenses
253413-28
Changes in Unearned Revenue
69678816106
Changes in Other Operating Activities
-414198-214234-580
Operating Cash Flow
2,2551,9391,6961,7061,083
Operating Cash Flow Growth
16.30%14.33%-0.59%57.53%-13.50%
Capital Expenditures
-266-207-158-152-163
Purchases of Investments
-243-206-712-322-316
Proceeds from Sale of Investments
427199719320285
Payments for Business Acquisitions
---5,766-41-2,430
Proceeds from Business Divestments
140---190
Other Investing Activities
-1,158-739-77244-219
Investing Cash Flow
-1,100-953-5,99449-2,653
Short-Term Debt Issued
--291-371238420
Net Short-Term Debt Issued (Repaid)
--291-371238420
Long-Term Debt Issued
--5,608541826
Long-Term Debt Repaid
-826-521-260-1,097-804
Net Long-Term Debt Issued (Repaid)
-826-5215,348-55622
Issuance of Common Stock
----26
Repurchase of Common Stock
-616-145-269-633-943
Net Common Stock Issued (Repurchased)
-616-145-269-633-917
Common Dividends Paid
-601-541-441-383-350
Other Financing Activities
-910-1,063-472,3702,243
Financing Cash Flow
-2,953-2,5614,2201,0361,418
Effect of Exchange Rate Changes on Cash and Cash Equivalents
726-537202-1,293-331
Net Cash Flow
-1,072-2,1121241,498-483
Free Cash Flow
1,9891,7321,5381,554920
Free Cash Flow Growth
14.84%12.61%-1.03%68.91%-13.53%
FCF Margin
24.07%23.41%25.36%24.96%15.63%
Free Cash Flow Per Share
3.442.993.033.121.82
Levered Free Cash Flow
1,0029506,2371,1821,281
Unlevered Free Cash Flow
1,9822,0291,3921,566767.04
Updated Jan 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q