Nasdaq, Inc. (NDAQ)
NASDAQ: NDAQ · Real-Time Price · USD
94.59
-0.11 (-0.12%)
At close: Aug 7, 2026, 4:00 PM EDT
95.17
+0.58 (0.61%)
After-hours: Aug 7, 2026, 7:59 PM EDT
Nasdaq Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 1,967 | 1,911 | 1,787 | 1,624 | 1,506 | 1,277 | 1,115 | 956 | 945 | 989 | 1,057 | 1,101 | 1,101 | 1,141 | 1,123 | 1,142 | 1,137 | 1,172 | 1,187 | 1,153 |
Depreciation & Amortization | 650 | 641 | 632 | 624 | 618 | 614 | 613 | 585 | 497 | 409 | 323 | 261 | 260 | 260 | 258 | 276 | 279 | 282 | 278 | 250 |
Stock-Based Compensation | 171 | 168 | 165 | 158 | 153 | 146 | 141 | 137 | 131 | 126 | 122 | 120 | 117 | 107 | 106 | 100 | 96 | 96 | 90 | 89 |
Other Adjustments | -113 | -150 | -75 | -95 | -104 | -102 | -6 | 34 | 27 | 113 | 133 | 145 | 71 | 42 | 51 | 52 | 91 | 101 | -3 | 185 |
Change in Receivables | -103 | -49 | 139 | 78 | - | - | -193 | -171 | -125 | -24 | 3 | 43 | 46 | -52 | -101 | -107 | -105 | -51 | -6 | -26 |
Changes in Accounts Payable | -3 | -22 | -6 | -39 | -49 | -4 | -60 | -4 | 94 | 86 | 149 | 102 | 27 | 1 | 19 | 14 | -2 | -21 | -17 | 19 |
Changes in Accrued Expenses | -32 | 6 | 25 | -2 | 60 | 10 | 34 | 52 | 12 | -11 | 13 | 5 | -2 | -4 | - | 0 | 1 | -2 | 28 | 33 |
Changes in Unearned Revenue | 104 | 123 | 69 | 49 | 41 | 50 | 67 | 6 | 43 | 62 | 88 | 20 | 10 | 24 | 16 | 54 | 106 | 143 | 106 | 83 |
Changes in Other Operating Activities | -210 | -291 | -404 | -65 | 197 | 194 | 198 | 24 | 55 | -127 | -214 | -37 | 37 | 131 | 234 | 65 | -56 | -375 | -580 | -484 |
Operating Cash Flow | 2,246 | 2,281 | 2,255 | 2,335 | 2,358 | 2,072 | 1,939 | 1,651 | 1,707 | 1,661 | 1,696 | 1,773 | 1,705 | 1,666 | 1,706 | 1,596 | 1,596 | 1,294 | 1,083 | 1,134 |
Operating Cash Flow Growth (YoY) | -4.75% | 10.09% | 16.30% | 41.43% | 38.14% | 24.74% | 14.33% | -6.88% | 0.12% | -0.30% | -0.59% | 11.09% | 6.83% | 28.75% | 57.53% | 40.74% | 77.73% | 2.21% | -13.50% | -1.90% |
Capital Expenditures | -295 | -277 | -266 | -237 | -224 | -217 | -207 | -189 | -170 | -157 | -158 | -150 | -154 | -157 | -152 | -168 | -159 | -156 | -163 | -173 |
Purchases of Investments | -542 | -304 | -243 | -288 | -292 | -271 | -206 | -334 | -415 | -554 | -712 | -589 | -532 | -418 | -322 | -310 | -310 | -358 | -316 | -300 |
Proceeds from Sale of Investments | 424 | 330 | 427 | 450 | 405 | 260 | 199 | 433 | 542 | 579 | 719 | 442 | 394 | 428 | 320 | 324 | 347 | 333 | 285 | 296 |
Cash Acquisitions | - | - | - | - | - | - | - | - | - | - | -5,766 | - | - | - | -41 | -41 | - | - | -2,430 | -2,430 |
Proceeds from Business Divestments | 88 | - | 140 | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - | 190 | - |
Other Investing Activities | -246 | 16 | -1,158 | -1,447 | -1,193 | -751 | -739 | 75 | 89 | -195 | -77 | 213 | 293 | 494 | 244 | 49 | -209 | -352 | -219 | -119 |
Investing Cash Flow | -482 | -95 | -1,100 | -1,470 | -1,252 | -979 | -953 | -5,781 | -5,720 | -6,093 | -5,994 | -84 | 1 | 306 | 49 | -146 | -372 | -343 | -2,653 | -2,606 |
Short-Term Debt Issued | - | - | - | 0 | -50 | -224 | -291 | 0 | -88 | -121 | -371 | -203 | -285 | 341 | 238 | -281 | 198 | -435 | 420 | 480 |
Net Short-Term Debt Issued (Repaid) | - | - | - | 0 | -50 | -224 | -291 | 0 | -88 | -121 | -371 | -203 | -285 | 341 | 238 | -281 | 198 | -435 | 420 | 480 |
Long-Term Debt Issued | - | - | - | - | - | - | - | 597 | 592 | - | 5,608 | 5,011 | - | - | 541 | 541 | 1,267 | 1,267 | 826 | 2,705 |
Long-Term Debt Repaid | -600 | -569 | -826 | -907 | -838 | -438 | -521 | -600 | -600 | - | -260 | -598 | - | - | -1,097 | -499 | - | - | -804 | -802 |
Net Long-Term Debt Issued (Repaid) | -600 | -569 | -826 | -907 | -838 | -438 | -521 | -3 | -8 | - | 5,348 | 4,413 | - | - | -556 | 42 | 1,267 | 1,267 | 22 | 1,903 |
Issuance of Common Stock | 15 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -1 | 25 | 9 | - | 26 | 53 |
Repurchase of Common Stock | -1,304 | -1,049 | -616 | -330 | -302 | -122 | -145 | -255 | -168 | -248 | -269 | -159 | -159 | -325 | -633 | -691 | -1,166 | -448 | -943 | -446 |
Net Common Stock Issued (Repurchased) | -1,289 | -1,034 | -616 | -330 | -302 | -122 | -145 | -255 | -168 | -248 | -269 | -159 | -160 | -326 | -634 | -666 | -1,157 | -448 | -917 | -393 |
Common Dividends Paid | -635 | -616 | -601 | -586 | -569 | -552 | -541 | -530 | -500 | -470 | -441 | -412 | -403 | -392 | -383 | -375 | -367 | -358 | -350 | -341 |
Other Financing Activities | -2,924 | -3,835 | -910 | -594 | -1,021 | -323 | -1,063 | -580 | -1,796 | -1,353 | -47 | -3,859 | -824 | 1,521 | 2,370 | 7,185 | 5,991 | 3,107 | 2,243 | -84 |
Financing Cash Flow | -5,175 | -6,054 | -2,953 | -2,410 | -2,773 | -1,769 | -2,561 | -1,336 | -2,529 | 2,958 | 4,220 | -220 | 2,749 | 55 | 1,036 | 5,905 | 4,730 | 1,622 | 1,418 | 1,579 |
Foreign Exchange Rate Adjustments | 10 | 273 | 726 | 191 | 391 | 177 | -537 | 427 | 152 | -138 | 202 | 131 | -841 | -1,100 | -1,293 | -1,869 | -905 | -318 | -331 | -173 |
Net Cash Flow | -3,401 | -3,595 | -1,072 | -1,354 | -1,276 | -499 | -2,112 | -5,039 | -6,390 | -1,612 | 124 | 1,600 | 3,614 | 927 | 1,498 | 5,486 | 5,049 | 2,255 | -483 | -66 |
Free Cash Flow | 1,951 | 2,004 | 1,989 | 2,098 | 2,134 | 1,855 | 1,732 | 1,462 | 1,537 | 1,504 | 1,538 | 1,623 | 1,551 | 1,509 | 1,554 | 1,428 | 1,437 | 1,138 | 920 | 961 |
Free Cash Flow Growth (YoY) | -8.58% | 8.03% | 14.84% | 43.50% | 38.84% | 23.34% | 12.61% | -9.92% | -0.90% | -0.33% | -1.03% | 13.66% | 7.93% | 32.60% | 68.91% | 48.59% | 106.17% | 7.16% | -13.53% | -2.83% |
FCF Margin | 22.29% | 24.09% | 24.07% | 25.63% | 26.25% | 23.72% | 23.41% | 20.84% | 23.42% | 24.24% | 25.36% | 27.05% | 25.41% | 24.24% | 24.96% | 23.37% | 24.31% | 19.72% | 15.63% | 16.34% |
Free Cash Flow Per Share | 3.40 | 3.48 | 3.44 | 3.62 | 3.68 | 3.20 | 2.99 | 2.56 | 2.79 | 2.84 | 3.03 | 3.28 | 3.13 | 3.04 | 3.12 | 2.85 | 2.85 | 2.25 | 1.82 | 1.91 |
Levered Free Cash Flow | 1,581 | 1,523 | 1,012 | 1,048 | 1,262 | 1,262 | 950 | 1,430 | 1,382 | 1,133 | 6,237 | 5,515 | 997 | 1,740 | 1,182 | 1,146 | 2,772 | 1,875 | 1,281 | 3,263 |
Unlevered Free Cash Flow | 2,298 | 2,179 | 1,992 | 2,129 | 2,355 | 2,169 | 2,029 | 1,688 | 1,687 | 1,446 | 1,392 | 1,401 | 1,360 | 1,453 | 1,566 | 1,456 | 1,354 | 1,017 | 767.04 | 824.22 |