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Nasdaq, Inc. (NDAQ)
NASDAQ: NDAQ · Real-Time Price · USD
107.12
+0.29 (0.27%)
At close: Nov 6, 2026, 4:00 PM EST
107.11
-0.01 (-0.01%)
After-hours: Nov 6, 2026, 7:53 PM EST

Nasdaq Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
540507519518423452395355306222234197294266302241294306284259
Depreciation & Amortization
1651661651611581571561531521531551256465696363656781
Loss (Gain) From Sale of Assets
5--89-492-39--------------
Asset Writedown & Restructuring Costs
---1---4528---1312-----
Loss (Gain) on Equity Investments
-39-21-26-10-23-23-27-9-1-3-3-11111-14-8-8-8-738
Stock-Based Compensation
4749384341463536363930323034263027242524
Other Operating Activities
2143345267-5-632-49243115482741-152925-3
Change in Accounts Receivable
7-199-49-81279748-94-43-39-17-7236210-326-36-39-38
Change in Accounts Payable
-76-33168-13-17-17-232-73399624-10-821-28-13
Change in Unearned Revenue
-110-15831179-128-13925759-136-130274-2-99-111300-70-109-97292-32
Change in Other Net Operating Assets
-108357-180-98-313201-179224-105207-9468-1142-157237-4794-5068
Operating Cash Flow
521711689625221746663705244460530417300414565494232375605384
Operating Cash Flow Growth (YoY)
135.75%-4.69%3.92%-11.35%-9.43%62.17%25.09%69.06%-18.67%11.11%-6.19%-15.59%29.31%10.40%-6.61%28.65%0%413.70%53.55%-11.72%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-62-77-60-89-69-59-49-60-56-52-39-42-37-39-40-34-41-42-35-50
Cash Acquisitions
-58-----------5,766------41--
Divestitures
389-88-52--------------
Investment in Securities
-56-19-1582633125-4-161411012-101-14-442147-26-28
Other Investing Activities
238-439965-663-109-177-209-952145265-197-138159-19-79152239182-329-43
Investing Cash Flow
65-446747-638-145-59-258-1,00873214-232-5,836134-159-13374219146-390-121

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Long-Term Debt Issued
------------------541-
Total Debt Issued
-269---------597-55,016-238--541-60
Short-Term Debt Repaid
-----------67----317----420-
Long-Term Debt Repaid
-------257----340---------
Total Debt Repaid
--431--100-69-400-257-181-50-174-40731-138-207-317-377-220-80-420-
Net Debt Issued (Repaid)
--162--100-69-400-257-181-50-174-407628-1434,809-317-139-220-80121-60
Issuance of Common Stock
-3215--28---21---18-7-17-9
Repurchase of Common Stock
-323-392-579-320-119-134-140-25-89-88-24-130-2-28-199-5-2-186-519-70
Common Dividends Paid
-173-174-153-153-155-155-138-138-138-138-127-127-108-108-98-98-99-97-89-90
Other Financing Activities
281113-3,4676502-801-54832073-79-1,317830-1,1443381-3,0041,8932,6818551,841
Financing Cash Flow
-215-583-4,184-567159-1,462-1,083-24-204-458-1,8751,201-1,3975,029-613-3,2391,5722,3353681,630

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
-23-18-50735245403-46220531-311502-70-25929431-1,042-518-164-145
Net Cash Flow
348-336-2,798-507240-530-275-789318247-1,888-3,716-1,0335,025-152-2,2409812,3384191,748

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
459634629536152687614645188408491375263375525460191333570334
Free Cash Flow Growth (YoY)
201.97%-7.71%2.44%-16.90%-19.15%68.38%25.05%72.00%-28.52%8.80%-6.48%-18.48%37.70%12.61%-7.90%37.72%-4.50%879.41%61.93%-10.93%
Free Cash Flow Margin
30.99%42.27%44.70%38.51%11.56%52.60%49.64%52.57%16.41%35.20%43.96%33.57%27.98%40.54%57.44%50.72%21.46%37.29%63.90%37.70%
Free Cash Flow Per Share
0.811.121.100.930.261.191.061.110.330.700.850.680.530.761.060.930.390.671.140.66
Levered Free Cash Flow
399.38686.75478.25453.7572.5554.5587.38589.88173.88496.38500.25295.13171328.75477.13389.13189.13270544.5222.13
Unlevered Free Cash Flow
453.13740.5532.63508.75126.88613.88647.38653237.63560.13567.75363.88234.13351.25499.63409.75209.13290564.5240.88

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
7868126717484125908981145882230373323372339
Cash Income Tax Paid
661171671534413145122134792356621181870711042976
Change in Working Capital
-218649-84-406146109172-286709033-114-23143127-129-41211-15
SEC Filings: 10-K · 10-Q