Nasdaq, Inc. (NDAQ)
NASDAQ: NDAQ · Real-Time Price · USD
110.02
+1.52 (1.40%)
At close: Nov 10, 2026, 4:00 PM EST
109.44
-0.58 (-0.53%)
Pre-market: Nov 11, 2026, 4:35 AM EST
Nasdaq Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Revenue | 5,764 | 5,188 | 4,586 | 3,830 | 3,534 | 3,343 |
Other Revenue | 16 | 61 | 63 | 65 | 48 | 77 |
| 5,780 | 5,249 | 4,649 | 3,895 | 3,582 | 3,420 | |
Revenue Growth | 13.69% | 12.91% | 19.36% | 8.74% | 4.74% | 17.81% |
Gross Profit | 5,780 | 5,249 | 4,649 | 3,895 | 3,582 | 3,420 |
Selling, General & Admin | 2,293 | 2,132 | 2,032 | 1,732 | 1,630 | 1,519 |
Operating Expenses | 2,950 | 2,764 | 2,645 | 2,055 | 1,888 | 1,797 |
Operating Income | 2,830 | 2,485 | 2,004 | 1,840 | 1,694 | 1,623 |
Interest Expense | -347 | -367 | -414 | -284 | -129 | -125 |
Interest & Investment Income | 30 | 39 | 28 | 115 | 7 | 1 |
Earnings From Equity Investments | 96 | 83 | 16 | -7 | 31 | 52 |
Other Non Operating Income (Expenses) | -40 | -52 | -55 | -34 | -33 | -64 |
EBT Excluding Unusual Items | 2,569 | 2,188 | 1,579 | 1,630 | 1,570 | 1,487 |
Merger & Restructuring Charges | -60 | -102 | -151 | -228 | -97 | -118 |
Gain (Loss) on Sale of Investments | -31 | -27 | 21 | -1 | 2 | 81 |
Gain (Loss) on Sale of Assets | 133 | 86 | - | - | - | 84 |
Pretax Income | 2,611 | 2,145 | 1,449 | 1,401 | 1,475 | 1,534 |
Income Tax Expense | 528 | 358 | 334 | 344 | 352 | 347 |
Earnings From Continuing Operations | 2,083 | 1,787 | 1,115 | 1,057 | 1,123 | 1,187 |
Minority Interest in Earnings | 1 | 1 | 2 | 2 | 2 | - |
Net Income | 2,084 | 1,788 | 1,117 | 1,059 | 1,125 | 1,187 |
Net Income to Common | 2,084 | 1,788 | 1,117 | 1,059 | 1,125 | 1,187 |
Net Income Growth | 28.25% | 60.07% | 5.48% | -5.87% | -5.22% | 27.22% |
Shares Outstanding (Basic) | 565 | 573 | 575 | 505 | 492 | 498 |
Shares Outstanding (Diluted) | 570 | 579 | 579 | 508 | 498 | 505 |
Shares Change | -1.67% | -0.10% | 13.93% | 2.12% | -1.43% | 0.87% |
EPS (Basic) | 3.69 | 3.12 | 1.94 | 2.10 | 2.28 | 2.38 |
EPS (Diluted) | 3.66 | 3.09 | 1.93 | 2.08 | 2.26 | 2.35 |
EPS Growth | 30.74% | 60.10% | -7.21% | -7.96% | -3.83% | 26.34% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,258 | 1,989 | 1,732 | 1,538 | 1,554 | 920 |
Free Cash Flow Per Share | 3.96 | 3.44 | 2.99 | 3.02 | 3.12 | 1.82 |
Dividend Per Share | 1.160 | 1.050 | 0.940 | 0.860 | 0.780 | 0.700 |
Dividend Growth | 13.73% | 11.70% | 9.30% | 10.26% | 11.43% | 7.69% |
Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Operating Margin | 48.96% | 47.34% | 43.11% | 47.24% | 47.29% | 47.46% |
Profit Margin | 36.05% | 34.06% | 24.03% | 27.19% | 31.41% | 34.71% |
Free Cash Flow Margin | 39.07% | 37.89% | 37.26% | 39.49% | 43.38% | 26.90% |
EBITDA | 3,487 | 3,117 | 2,617 | 2,163 | 1,952 | 1,901 |
EBITDA Margin | 60.33% | 59.38% | 56.29% | 55.53% | 54.50% | 55.58% |
D&A For EBITDA | 657 | 632 | 613 | 323 | 258 | 278 |
EBIT | 2,830 | 2,485 | 2,004 | 1,840 | 1,694 | 1,623 |
EBIT Margin | 48.96% | 47.34% | 43.11% | 47.24% | 47.29% | 47.46% |
Effective Tax Rate | 20.22% | 16.69% | 23.05% | 24.55% | 23.86% | 22.62% |
Revenue as Reported | 5,780 | 5,249 | 4,649 | 3,895 | 3,582 | 3,420 |